Financial Highlights

Consolidated Income Statement

Figures in THBmn

  2012 2013 2014 2015
Operating Revenue 5,965 7,034 7,730 7,945
Gross profit 2,633 2,959 3,105 3,406
Selling and Admin. Exp (SGA) 1,980 2,236 2,471 2,660
SGA (% to revenue) 33.2% 31.8% 32.0% 33.5%
EBITDA 800 888 787 986
EBITDA (% to revenue) 13.4% 12.6% 10.2% 12.4%
EBIT 723 789 655 841
Net Profit 578 624 548 696
Net profit (% to revenue) 9.7% 8.9% 7.1% 8.8%
EPS (THB) 0.79 0.84 0.63 0.80
Return on equity1 38.2% 23.1% 14.3% 16.7%
Net cash from operations 342 466 614 609
Cash cycle (days) 123 130 121 129


Revenue by segments (THBmn)

  2012 2013 2014 2015
Mega We CareTM Business 2,700 3,428 3,612 3,907
MaxxcareTM Business 2,767 3,132 3,694 3,558
OEM 498 473 424 480


Consolidated Balance Sheet

All figures in THBmn

  2012 2013 2014 2015
Cash and bank balances2 354 1,540 1,281 1,467
Trade accounts receivable 1,288 1,747 2,024 2,253
Inventories 1,442 1,685 1,649 2,067
Property, plant and equipment 733 970 980 1,031
Other Assets 515 609 794 794
Total Assets 4,332 6,551 6,732 7,613
Debt 1,198 997 567 719
Trade Payables 769 1,168 1,306 1,604
Other Liabilityies 654 694 881 955
Total Outside Liabilities 2,621 2,858 2,754 3,278
Shareholder Equity 1,710 3,693 3,978 4,335
Total Liabilities and Equity 4,332 6,551 6,732 7,613


Key Balance Sheet elements

  2012 2013 2014 2015
Net cash/(debt) (THBmn) (845) 543 714 748
Capex spent3 (THBmn) 439 352 160 181
IBD/Equity (times) 0.70 0.27 0.14 0.17

1 Receipts from IPO in Novemeber 2013 impacted the return on equity for period starting from year 2013, given a wider equity base. Real imapct gets more visibly reflected from 2014
2 Cash and bank balances as at 31 December ,2014 and 2015 includes term deposits with banks.
3 Capex spent means investment in property plant and equipments.