March 31 (SeeNews) - Slovenian blue-chip hand tools manufacturer Unior [LJE:UKIG] said on Tuesday its consolidated net profit fell 14% to 10.4 million euro ($11.4 million) in 2019, despite a rise in sales revenue.
The company's sales increased 3.8% to almost 256 million euro last year, with earnings before interest, tax, depreciation and amortisation (EBITDA) increasing 5.6% to 32 million euro, Unior said in a statement with the Ljubljana Stock Exchange (LJSE).
The EBITDA margin edged up to 12.49% in 2019, from 12.25% in 2018.
Operating profit increased 4.7% to 15.6 million euro but net profit declined after the company's financial revenue fell 41% to 2.6 million euro, while financial costs climbed 20% to 5.5 million euro.
Unior's total assets increased 1.2% on the year to some 375 million euro at the end of December, while financial liabilities decreased to 123 million euro from 125 million euro.
Unior and its affiliate companies employed 3,637 people at the end of last year, down from 3,827 at end-2018.
Earlier this month, the company said it is reducing production to adjust it to a fall in orders caused by the coronavirus pandemic.
Unior's shares last traded on the Ljubljana Stock Exchange on March 27, closing at 9.30 euro, LJSE data showed. The bourse did not provide comparative figures on its website.
($=0.911466 euro)