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Investments in innovation driving growth at Delta Galil
17 Feb '12
5 min read
EBITDA grew by 22% to $14.5 million in the 2011 fourth quarter from $11.9 million in the same period of 2010. For the full year 2011, EBITDA grew by 16% to $51.5 million, from $44.3 million in 2010.
The net financial debt was reduced to $53.8 million at the end of 2011 from $75.0 million at the end of 2010. The reduction in debt was a result of the positive cash flow from operations in 2011. Cash flow from operations was $36.3 in 2011, compared to $14.3 million in 2010.
Short term deposits at the end of 2011 totaled $61.1 million, compared to $40.0 million at the end of 2010. The Company's equity on December 31, 2011 was $217.2 million, or 49.0% of total assets, compared to $197.3 million, or 47.0% of total assets, last year. The Company declared a dividend of $2 million, or $0.0852 per share, to be paid in March 2012, in addition to the $4 million, or $0.17 per share, in dividends previously paid for the year 2011.
Delta Galil estimates that its 2012 sales will range between $700 million to $715 million, which would constitute an increase of 3.1% to 5.3% compared to 2011 sales of $678.8 million.
The Company estimates that its 2012 operating profit will range between $44 million to $46 million, which would constitute an increase of 10.8% to 15.9% compared to 2011 operating profit of $39.7 million.
The Company estimates that its 2012 net profit will range between $29 million to $31 million, which would constitute an increase of 5.8% to 13.1% compared to 2011 net profit of $27.4 million.
The Company estimates that its 2012 diluted EPS will range between $1.18 and $1.27, which would constitute an increase of 2.6% to 10.4% compared to 2011 diluted EPS of $1.15 per share.
Delta Galil Industries is a global manufacturer and marketer of branded and private label apparel products for men, women and children. Since its inception in 1975, the Company has continually strived to create products that follow a body-before-fabric philosophy, placing equal emphasis on comfort, aesthetics and quality.
The net financial debt was reduced to $53.8 million at the end of 2011 from $75.0 million at the end of 2010. The reduction in debt was a result of the positive cash flow from operations in 2011. Cash flow from operations was $36.3 in 2011, compared to $14.3 million in 2010.
Short term deposits at the end of 2011 totaled $61.1 million, compared to $40.0 million at the end of 2010. The Company's equity on December 31, 2011 was $217.2 million, or 49.0% of total assets, compared to $197.3 million, or 47.0% of total assets, last year. The Company declared a dividend of $2 million, or $0.0852 per share, to be paid in March 2012, in addition to the $4 million, or $0.17 per share, in dividends previously paid for the year 2011.
Delta Galil estimates that its 2012 sales will range between $700 million to $715 million, which would constitute an increase of 3.1% to 5.3% compared to 2011 sales of $678.8 million.
The Company estimates that its 2012 operating profit will range between $44 million to $46 million, which would constitute an increase of 10.8% to 15.9% compared to 2011 operating profit of $39.7 million.
The Company estimates that its 2012 net profit will range between $29 million to $31 million, which would constitute an increase of 5.8% to 13.1% compared to 2011 net profit of $27.4 million.
The Company estimates that its 2012 diluted EPS will range between $1.18 and $1.27, which would constitute an increase of 2.6% to 10.4% compared to 2011 diluted EPS of $1.15 per share.
Delta Galil Industries is a global manufacturer and marketer of branded and private label apparel products for men, women and children. Since its inception in 1975, the Company has continually strived to create products that follow a body-before-fabric philosophy, placing equal emphasis on comfort, aesthetics and quality.
Delta Galil Industries
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