In H1 the company observed an increase in sales of 4.9% YoY, increase in EBITDA of 2.2% and a decrease in net profit of 4.1%.

As Unior Group published their H1 2019 report, we are bringing you key takes from it. According to the report, the company reported sales of EUR 132.1m, representing an increase of 4.9% YoY. However, the mentioned result is 2% lower than the planned one. The sales were lower than planned as the forgings segment, which supplies almost exclusively to the automotive industry, faced a slightly lower order level over the whole of the first half of the year, more pronounced in the first quarter as a result of a 7% decline in car sales worldwide.

Unior Sales (H1 2019 vs H1 2018) (EUR m)

When observing the operating expenses, they amounted to EUR 137.5m, representing an increase of 4.1%. The mentioned increase could mostly be attributed to the rise in material costs by EUR 4.3m (+5.6% YoY).

In H1, Unior Group recorded EBITDA of EUR 19m, which is an increase of 2.2% YoY. Meanwhile, EBIT reached EUR 11.2m, which is 1.2% less than in the same period last year, with depreciation of EUR 0.76m higher than last year.

Moving further down the P&L, net profit of the Unior Group in in H1 amounted to EUR 9.4m, which is a decrease of 4.1% YoY, mostly due to slightly lower results of operations of associates. They contributed EUR 0.59m less in financial revenues from the shares in these companies than in the first half of last year.

Unior Performance (H1 2019 vs H1 2018)

It is noteworthy that in H1 2019, Unior Group made investments in new fixed assets of EUR 6.8m. The EUR 1.2m was invested in the modernization of production facilities and EUR 3.9m was invested in new equipment to increase and modernize production facilities, the most important of which is the installation of the first fully robotic blacksmith line.