SAVOLA’s 2014 net profit up 22% to SAR 2072.3 mln

18/01/2015 Argaam Exclusive

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SAVOLA Group, Saudi Arabia's largest non-petrochemical industrial group, reported 2014 net profit of SAR 2072.3 million, a 22 percent increase compared to the same period last year.

A net profit of SAR 434.4 million was reported for Q4-2014 compared to SAR 701.4 million for Q3

Financials (M)

Item	2013	2014	Change‬
Revenues	25,280.72	26,587.84	5.2 %
Gross Income	4,773.54	4,863.72	1.9 %
Operating Income	1,729.35	1,477.10	(14.6 %)
Net Income	1,704.48	2,072.32	21.6 %
Average Shares	867.68	911.17	5.0 %
EPS (Riyals)	1.96	2.27	15.8 %

The company attributed the increase of 2014’s net profit compared to the last year to the increase of sales to SAR 910.1 million compared to SAR 848.7 million for the same period last year mainly due to the new opening of 52 restaurants during the twelve months of 2014, as well as keeping the cost of sales percentage constant during the year 2014 compared to the previous period and the increase of other income during the current year, where the company has achieved a capital gain of SAR 13 million generated from the sale of land owned by the company which has been recorded during the third quarter 2014, in addition to the decrease of zakat expense due to the surplus in zakat reserve after reconciling the company’s zakat status as of year 2013 .

Q4-2014’s net profit decline compared to the same period last year was attributed to the increase of cost of sales because of the increase of salaries and operational leases, the increase of selling and marketing expenses and the increase of the financial charges, which is higher than the increase of other income and the decrease of Zakat expense during the fourth quarter 2014 compared to the same period last year.

The net profit decline in Q4-2014 compared to the previous period (Q3-2014) was attributed to the decrease of other income during the fourth quarter 2014 compared to the third quarter of the same year, where the company has achieved a capital gain of SAR 13 million generated from the sale of land owned by the company which has been recorded during the third quarter 2014.

The company has opened 52 new restaurants during 2014 including 27 new restaurants opened during Q4, the positive financial impact was not reflected during Q4 as most of them opened in December 2014. It will be reflected on the sales as well as net profit for upcoming periods, the company added.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2013	Q4 2014	Change‬
Revenues	5,047.40	6,860.38	35.9 %
Gross Income	951.93	1,368.67	43.8 %
Operating Income	249.23	414.67	66.4 %
Net Income	564.16	434.36	(23.0 %)
Average Shares	867.68	911.17	5.0 %
EPS (Riyals)	0.65	0.48	(26.7 %)

Item	Q3 2014	Q4 2014	Change‬
Revenues	6,150.04	6,860.38	11.6 %
Gross Income	1,150.73	1,368.67	18.9 %
Operating Income	362.59	414.67	14.4 %
Net Income	701.43	434.36	(38.1 %)
Average Shares	911.17	911.17	-
EPS (Riyals)	0.77	0.48	(38.1 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2005	1,551.24	38.7 %	240.86	20.2 %	61.30	22.1 %
Q2 2005	1,613.39	30.4 %	277.00	24.0 %	64.13	(8.2 %)
Q3 2005	1,844.23	49.4 %	353.95	66.3 %	58.34	40.8 %
Q4 2005	1,903.17	(5.4 %)	339.86	20.7 %	122.01	99.8 %
2005	6,912.03	23.4 %	1,211.67	32.0 %	305.78	37.4 %
Q1 2006	1,922.71	23.9 %	318.93	32.4 %	86.47	41.1 %
Q2 2006	2,147.77	33.1 %	377.16	36.2 %	79.98	24.7 %
Q3 2006	2,560.31	38.8 %	454.49	28.4 %	136.45	133.9 %
Q4 2006	2,465.90	29.6 %	392.78	15.6 %	176.07	44.3 %
2006	9,096.69	31.6 %	1,543.36	27.4 %	478.97	56.6 %
Q1 2007	2,247.62	16.9 %	378.12	18.6 %	103.94	20.2 %
Q2 2007	2,752.38	28.2 %	410.19	8.8 %	39.90	(50.1 %)
Q3 2007	2,779.50	8.6 %	463.44	2.0 %	142.74	4.6 %
Q4 2007	2,630.03	6.7 %	451.93	15.1 %	120.79	(31.4 %)
2007	10,409.53	14.4 %	1,703.67	10.4 %	407.36	(15.0 %)
Q1 2008	2,996.43	33.3 %	481.74	27.4 %	95.58	(8.0 %)
Q2 2008	3,312.54	20.4 %	549.44	33.9 %	157.35	294.4 %
Q3 2008	3,919.41	41.0 %	511.13	10.3 %	117.37	(17.8 %)
Q4 2008	3,593.00	36.6 %	272.02	(39.8 %)	(144.50)	(219.6 %)
2008	13,821.38	32.8 %	1,814.32	6.5 %	225.80	(44.6 %)
Q1 2009	3,635.04	21.3 %	616.32	27.9 %	149.77	56.7 %
Q2 2009	4,356.80	31.5 %	776.33	41.3 %	211.70	34.5 %
Q3 2009	5,103.67	30.2 %	947.50	85.4 %	374.01	218.7 %
Q4 2009	4,821.69	34.2 %	767.16	182.0 %	209.47	245.0 %
2009	17,917.20	29.6 %	3,107.32	71.3 %	944.96	318.5 %
Q1 2010	4,778.78	31.5 %	804.53	30.5 %	177.30	18.4 %
Q2 2010	4,868.07	11.7 %	709.82	(8.6 %)	135.85	(35.8 %)
Q3 2010	5,657.53	10.9 %	906.14	(4.4 %)	297.28	(20.5 %)
Q4 2010	5,725.10	18.7 %	994.74	29.7 %	331.52	58.3 %
2010	21,029.47	17.4 %	3,415.24	9.9 %	941.95	(0.3 %)
Q1 2011	5,641.74	18.1 %	866.33	7.7 %	209.35	18.1 %
Q2 2011	6,312.58	29.7 %	959.88	35.2 %	277.91	104.6 %
Q3 2011	6,816.63	20.5 %	981.97	8.4 %	307.72	3.5 %
Q4 2011	6,424.75	12.2 %	1,162.55	16.9 %	468.45	41.3 %
2011	25,195.70	19.8 %	3,970.72	16.3 %	1,263.44	34.1 %
Q1 2012	6,588.97	16.8 %	995.71	14.9 %	315.15	50.5 %
Q2 2012	6,989.08	10.7 %	1,193.39	24.3 %	449.42	61.7 %
Q3 2012	6,869.78	0.8 %	1,161.19	18.3 %	432.29	40.5 %
Q4 2012	6,943.66	8.1 %	1,411.28	21.4 %	607.10	29.6 %
2012	27,391.49	8.7 %	4,761.57	19.9 %	1,803.96	42.8 %
Q1 2013	7,189.86	9.1 %	1,390.62	39.7 %	601.26	90.8 %
Q2 2013	6,723.33	(3.8 %)	1,263.61	5.9 %	479.79	6.8 %
Q3 2013	6,320.13	(8.0 %)	1,167.37	0.5 %	399.06	(7.7 %)
Q4 2013	5,047.40	(27.3 %)	951.93	(32.5 %)	249.23	(58.9 %)
2013	25,280.72	(7.7 %)	4,773.54	0.3 %	1,729.35	(4.1 %)
Q1 2014	6,240.84	(13.2 %)	1,092.94	(21.4 %)	297.17	(50.6 %)
Q2 2014	7,336.58	9.1 %	1,251.38	(1.0 %)	402.68	(16.1 %)
Q3 2014	6,150.04	(2.7 %)	1,150.73	(1.4 %)	362.59	(9.1 %)
Q4 2014	6,860.38	35.9 %	1,368.67	43.8 %	414.67	66.4 %
2014	26,587.84	5.2 %	4,863.72	1.9 %	1,477.10	(14.6 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2005	6,912.03	23.4 %	1,211.67	32.0 %	305.78	37.4 %
2006	9,096.69	31.6 %	1,543.36	27.4 %	478.97	56.6 %
2007	10,409.53	14.4 %	1,703.67	10.4 %	407.36	(15.0 %)
2008	13,821.38	32.8 %	1,814.32	6.5 %	225.80	(44.6 %)
2009	17,917.20	29.6 %	3,107.32	71.3 %	944.96	318.5 %
2010	21,029.47	17.4 %	3,415.24	9.9 %	941.95	(0.3 %)
2011	25,195.70	19.8 %	3,970.72	16.3 %	1,263.44	34.1 %
2012	27,391.49	8.7 %	4,761.57	19.9 %	1,803.96	42.8 %
2013	25,280.72	(7.7 %)	4,773.54	0.3 %	1,729.35	(4.1 %)
2014	26,587.84	5.2 %	4,863.72	1.9 %	1,477.10	(14.6 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2005	106.06	60.3 %	0.14	-	106.06	0.14
Q2 2005	112.54	25.1 %	0.15	-	112.54	0.15
Q3 2005	791.42	660.7 %	1.04	-	791.42	1.04
Q4 2005	192.16	(20.7 %)	0.25	-	20.45	0.03
2005	1,202.17	139.3 %	1.58	-	1,202.17	1.58
Q1 2006	135.80	28.0 %	0.16	-	135.80	0.16
Q2 2006	245.97	118.6 %	0.29	-	245.97	0.29
Q3 2006	533.78	(32.6 %)	0.63	-	533.78	0.63
Q4 2006	233.03	21.3 %	0.27	-	122.88	0.14
2006	1,148.59	(4.5 %)	1.35	-	1,148.59	1.35
Q1 2007	137.46	1.2 %	0.16	-	137.46	0.16
Q2 2007	763.77	210.5 %	0.90	-	763.77	0.90
Q3 2007	151.39	(71.6 %)	0.18	-	151.39	0.18
Q4 2007	177.41	(23.9 %)	0.21	-	177.41	0.21
2007	1,230.02	7.1 %	1.44	-	1,230.02	1.44
Q1 2008	250.48	82.2 %	0.29	-	250.48	0.29
Q2 2008	257.69	(66.3 %)	0.30	-	257.69	0.30
Q3 2008	158.04	4.4 %	0.19	-	158.04	0.19
Q4 2008	(463.85)	(361.5 %)	(0.54)	-	(463.85)	(0.54)
2008	202.36	(83.5 %)	0.24	-	202.36	0.24
Q1 2009	192.55	(23.1 %)	0.23	-	192.55	0.23
Q2 2009	212.50	(17.5 %)	0.25	-	212.50	0.25
Q3 2009	277.89	75.8 %	0.33	-	277.89	0.33
Q4 2009	268.62	157.9 %	0.31	318.12	(49.50)	(0.06)
2009	951.57	370.2 %	1.12	318.12	633.45	0.74
Q1 2010	394.04	104.6 %	0.46	198.06	195.98	0.23
Q2 2010	207.65	(2.3 %)	0.24	1.01	206.64	0.24
Q3 2010	282.99	1.8 %	0.33	1.90	281.10	0.33
Q4 2010	2.02	(99.2 %)	0.00	(117.84)	119.86	0.14
2010	886.70	(6.8 %)	1.04	83.13	803.57	0.94
Q1 2011	165.16	(58.1 %)	0.19	-	165.16	0.19
Q2 2011	230.74	11.1 %	0.27	-	230.74	0.27
Q3 2011	307.89	8.8 %	0.36	-	307.89	0.36
Q4 2011	498.59	24607.3 %	0.58	152.78	345.81	0.41
2011	1,202.38	35.6 %	1.41	152.78	1,049.60	1.23
Q1 2012	242.31	46.7 %	0.28	-	242.31	0.28
Q2 2012	341.32	47.9 %	0.40	-	341.32	0.40
Q3 2012	405.22	31.6 %	0.47	-	405.22	0.47
Q4 2012	413.36	(17.1 %)	0.48	46.65	366.71	0.43
2012	1,402.21	16.6 %	1.64	46.65	1,355.56	1.59
Q1 2013	295.20	21.8 %	0.34	-	295.20	0.34
Q2 2013	387.76	13.6 %	0.45	-	387.76	0.45
Q3 2013	457.36	12.9 %	0.53	-	457.36	0.53
Q4 2013	564.16	36.5 %	0.65	200.93	363.23	0.42
2013	1,704.48	21.6 %	1.96	200.93	1,503.55	1.73
Q1 2014	423.26	43.4 %	0.46	5.02	418.24	0.46
Q2 2014	513.27	32.4 %	0.56	35.95	477.33	0.52
Q3 2014	701.43	53.4 %	0.77	205.74	495.69	0.54
Q4 2014	434.36	(23.0 %)	0.48	(54.13)	488.48	0.54
2014	2,072.32	21.6 %	2.27	192.59	1,879.73	2.06

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2005	1,202.17	139.3 %	1.58	-	1,202.17	1.58
2006	1,148.59	(4.5 %)	1.35	-	1,148.59	1.35
2007	1,230.02	7.1 %	1.44	-	1,230.02	1.44
2008	202.36	(83.5 %)	0.24	-	202.36	0.24
2009	951.57	370.2 %	1.12	318.12	633.45	0.74
2010	886.70	(6.8 %)	1.04	83.13	803.57	0.94
2011	1,202.38	35.6 %	1.41	152.78	1,049.60	1.23
2012	1,402.21	16.6 %	1.64	46.65	1,355.56	1.59
2013	1,704.48	21.6 %	1.96	200.93	1,503.55	1.73
2014	2,072.32	21.6 %	2.27	192.59	1,879.73	2.06

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	15.88 %	7.13 %	7.55 %
Q2 2005	15.79 %	6.85 %	7.46 %
Q3 2005	16.43 %	6.71 %	16.60 %
Q4 2005	17.53 %	8.51 %	14.91 %
2005	17.53 %	8.51 %	17.39 %
Q1 2006	17.71 %	8.45 %	14.56 %
Q2 2006	17.78 %	8.26 %	15.27 %
Q3 2006	17.46 %	8.58 %	10.97 %
Q4 2006	16.97 %	8.19 %	11.42 %
2006	16.97 %	8.19 %	12.63 %
Q1 2007	17.01 %	8.21 %	11.04 %
Q2 2007	16.31 %	8.57 %	15.54 %
Q3 2007	16.05 %	8.40 %	11.47 %
Q4 2007	16.37 %	7.79 %	11.82 %
2007	16.37 %	7.79 %	11.82 %
Q1 2008	16.20 %	7.36 %	12.04 %
Q2 2008	16.61 %	7.05 %	7.14 %
Q3 2008	15.51 %	6.35 %	6.56 %
Q4 2008	13.13 %	7.49 %	1.46 %
2008	13.13 %	7.49 %	1.46 %
Q1 2009	13.48 %	7.68 %	1.00 %
Q2 2009	14.03 %	8.25 %	0.64 %
Q3 2009	15.65 %	9.45 %	1.31 %
Q4 2009	17.34 %	9.16 %	3.54 %
2009	17.34 %	9.16 %	3.54 %
Q1 2010	17.29 %	8.89 %	3.34 %
Q2 2010	16.50 %	8.17 %	3.22 %
Q3 2010	15.84 %	7.64 %	3.15 %
Q4 2010	16.24 %	8.34 %	3.82 %
2010	16.24 %	8.34 %	3.82 %
Q1 2011	15.88 %	8.17 %	3.53 %
Q2 2011	15.97 %	8.13 %	3.41 %
Q3 2011	15.52 %	7.78 %	3.36 %
Q4 2011	15.76 %	7.23 %	4.17 %
2011	15.76 %	7.23 %	4.17 %
Q1 2012	15.68 %	7.39 %	4.31 %
Q2 2012	16.16 %	7.80 %	4.61 %
Q3 2012	16.79 %	8.26 %	4.97 %
Q4 2012	17.38 %	8.64 %	4.95 %
2012	17.38 %	8.64 %	4.95 %
Q1 2013	18.42 %	9.48 %	5.03 %
Q2 2013	18.85 %	9.69 %	5.25 %
Q3 2013	19.25 %	9.79 %	5.55 %
Q4 2013	18.88 %	9.44 %	5.95 %
2013	18.88 %	9.44 %	5.95 %
Q1 2014	18.40 %	8.63 %	6.69 %
Q2 2014	17.89 %	8.17 %	6.88 %
Q3 2014	17.95 %	8.18 %	7.08 %
Q4 2014	18.29 %	7.92 %	7.07 %
2014	18.29 %	7.92 %	7.07 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	17.53 %	8.51 %	17.39 %
2006	16.97 %	8.19 %	12.63 %
2007	16.37 %	7.79 %	11.82 %
2008	13.13 %	7.49 %	1.46 %
2009	17.34 %	9.16 %	3.54 %
2010	16.24 %	8.34 %	3.82 %
2011	15.76 %	7.23 %	4.17 %
2012	17.38 %	8.64 %	4.95 %
2013	18.88 %	9.44 %	5.95 %
2014	18.29 %	7.92 %	7.07 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	15.53 %	7.39 %	6.84 %
Q2 2005	17.17 %	7.21 %	6.98 %
Q3 2005	19.19 %	6.44 %	42.91 %
Q4 2005	17.86 %	12.52 %	1.07 %
Q1 2006	16.59 %	7.38 %	7.06 %
Q2 2006	17.56 %	6.84 %	11.45 %
Q3 2006	17.75 %	8.01 %	20.85 %
Q4 2006	15.93 %	10.18 %	4.98 %
Q1 2007	16.82 %	7.56 %	6.12 %
Q2 2007	14.90 %	8.48 %	27.75 %
Q3 2007	16.67 %	7.42 %	5.45 %
Q4 2007	17.18 %	7.65 %	6.75 %
Q1 2008	16.08 %	6.03 %	8.36 %
Q2 2008	16.59 %	7.17 %	7.78 %
Q3 2008	13.04 %	5.01 %	4.03 %
Q4 2008	7.57 %	11.69 %	(12.91 %)
Q1 2009	16.96 %	7.06 %	5.30 %
Q2 2009	17.82 %	9.30 %	4.88 %
Q3 2009	18.57 %	9.70 %	5.44 %
Q4 2009	15.91 %	10.05 %	(1.03 %)
Q1 2010	16.84 %	6.48 %	4.10 %
Q2 2010	14.58 %	6.37 %	4.24 %
Q3 2010	16.02 %	7.66 %	4.97 %
Q4 2010	17.38 %	12.25 %	2.09 %
Q1 2011	15.36 %	6.09 %	2.93 %
Q2 2011	15.21 %	6.63 %	3.66 %
Q3 2011	14.41 %	6.49 %	4.52 %
Q4 2011	18.09 %	9.61 %	5.38 %
Q1 2012	15.11 %	6.89 %	3.68 %
Q2 2012	17.08 %	8.26 %	4.88 %
Q3 2012	16.90 %	8.31 %	5.90 %
Q4 2012	20.32 %	11.03 %	5.28 %
Q1 2013	19.34 %	10.27 %	4.11 %
Q2 2013	18.79 %	9.11 %	5.77 %
Q3 2013	18.47 %	8.60 %	7.24 %
Q4 2013	18.86 %	9.75 %	7.20 %
Q1 2014	17.51 %	7.23 %	6.70 %
Q2 2014	17.06 %	7.52 %	6.51 %
Q3 2014	18.71 %	8.64 %	8.06 %
Q4 2014	19.95 %	8.31 %	7.12 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	758.70	0.71	0.60	2.79
Q2 2005	758.70	0.74	0.63	2.79
Q3 2005	758.70	1.65	1.54	3.80
Q4 2005	758.70	1.58	1.36	3.93
Q1 2006	853.18	1.44	1.24	6.31
Q2 2006	853.18	1.60	1.40	6.39
Q3 2006	853.18	1.30	1.10	7.01
Q4 2006	853.18	1.35	1.22	7.13
Q1 2007	853.18	1.35	1.22	7.32
Q2 2007	853.18	1.96	1.83	7.70
Q3 2007	853.18	1.51	1.38	7.87
Q4 2007	853.18	1.44	1.44	8.39
Q1 2008	853.18	1.57	1.57	8.24
Q2 2008	853.18	0.98	0.98	8.55
Q3 2008	853.18	0.99	0.99	8.11
Q4 2008	853.18	0.24	0.24	7.49
Q1 2009	853.18	0.17	0.17	7.59
Q2 2009	853.18	0.12	0.12	7.69
Q3 2009	853.18	0.26	0.26	7.85
Q4 2009	853.18	1.12	0.74	8.16
Q1 2010	853.18	1.35	0.75	8.64
Q2 2010	853.18	1.35	0.74	8.34
Q3 2010	853.18	1.35	0.74	8.48
Q4 2010	853.18	1.04	0.94	8.23
Q1 2011	853.18	0.77	0.91	8.22
Q2 2011	853.18	0.80	0.93	8.37
Q3 2011	853.18	0.83	0.97	8.53
Q4 2011	853.18	1.41	1.23	9.05
Q1 2012	853.18	1.50	1.32	9.71
Q2 2012	853.18	1.63	1.45	9.32
Q3 2012	853.18	1.74	1.56	9.55
Q4 2012	853.18	1.64	1.59	9.71
Q1 2013	867.68	1.68	1.62	9.34
Q2 2013	867.68	1.73	1.68	9.50
Q3 2013	867.68	1.79	1.74	9.75
Q4 2013	867.68	1.96	1.73	10.59
Q1 2014	911.17	2.01	1.79	10.88
Q2 2014	911.17	2.15	1.88	10.85
Q3 2014	911.17	2.42	1.93	11.34
Q4 2014	911.17	2.27	2.06	10.94

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	758.70	1.58	1.58	3.93
2006	853.18	1.35	1.35	7.13
2007	853.18	1.44	1.44	8.39
2008	853.18	0.24	0.24	7.49
2009	853.18	1.12	0.74	8.16
2010	853.18	1.04	0.94	8.23
2011	853.18	1.41	1.23	9.05
2012	853.18	1.64	1.59	9.71
2013	867.68	1.96	1.73	10.59
2014	911.17	2.27	2.06	10.94

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	51.76	61.58	13.27
Q2 2005	92.89	More than 100	24.81
Q3 2005	46.90	50.39	20.38
Q4 2005	56.56	65.99	22.78
Q1 2006	63.28	73.53	14.49
Q2 2006	45.59	52.15	11.43
Q3 2006	48.54	57.45	8.99
Q4 2006	20.30	22.45	3.83
Q1 2007	17.46	19.30	3.22
Q2 2007	11.51	12.33	2.92
Q3 2007	14.84	16.23	2.84
Q4 2007	19.36	19.36	3.33
Q1 2008	15.97	15.97	3.05
Q2 2008	28.81	28.81	3.30
Q3 2008	22.86	22.86	2.79
Q4 2008	79.54	79.54	2.52
Q1 2009	93.94	93.94	2.10
Q2 2009	More than 100	More than 100	2.25
Q3 2009	86.21	86.21	2.82
Q4 2009	21.11	31.71	2.89
Q1 2010	20.59	37.28	3.22
Q2 2010	20.27	36.89	3.27
Q3 2010	19.72	35.86	3.14
Q4 2010	24.00	26.48	3.03
Q1 2011	28.21	24.01	2.65
Q2 2011	26.57	22.70	2.53
Q3 2011	24.50	20.99	2.38
Q4 2011	15.88	18.19	2.47
Q1 2012	17.88	20.31	2.76
Q2 2012	16.60	18.65	2.90
Q3 2012	17.30	19.28	3.16
Q4 2012	18.97	19.63	3.21
Q1 2013	18.97	19.60	3.46
Q2 2013	21.26	21.94	3.94
Q3 2013	22.90	23.61	4.28
Q4 2013	24.48	27.76	4.32
Q1 2014	24.41	27.50	4.51
Q2 2014	23.45	26.76	4.64
Q3 2014	25.12	31.52	5.35
Q4 2014	25.26	27.85	5.25

Period	P/E	Adjusted P/E	Price/book
2005	56.56	56.56	22.78
2006	20.30	20.30	3.83
2007	19.36	19.36	3.33
2008	79.54	79.54	2.52
2009	21.11	31.71	2.89
2010	24.00	26.48	3.03
2011	15.88	18.19	2.47
2012	18.97	19.63	3.21
2013	24.48	27.76	4.32
2014	25.26	27.85	5.25

Business Segments (Million)

Compared With The

Period	Food sector	Retail sector	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
Q1 2005	-	545.17	1.46	-	1,004.61	-
Q2 2005	-	599.24	2.61	-	1,011.55	-
Q3 2005	-	625.13	(4.06)	-	1,223.17	-
Q4 2005	-	719.34	15.59	-	1,168.24	-
Q1 2006	-	700.35	1.14	-	1,221.22	-
Q2 2006	-	770.00	(1.14)	-	1,378.91	-
Q3 2006	-	869.50	-	-	1,690.81	-
Q4 2006	-	821.28	-	-	1,644.62	-
Q1 2007	-	843.56	3.19	-	1,400.87	-
Q2 2007	-	934.88	(0.79)	-	1,818.30	-
Q3 2007	-	1,201.16	6.11	-	1,572.23	-
Q4 2007	-	1,245.18	(3.68)	-	1,388.53	-
Q1 2008	-	1,216.75	-	-	1,779.67	-
Q2 2008	-	1,315.45	20.17	-	1,976.92	-
Q3 2008	-	1,614.46	10.08	-	2,294.87	-
Q4 2008	-	1,972.98	(30.25)	-	1,650.27	-
Q1 2009	-	1,835.58	-	-	1,799.46	-
Q2 2009	-	1,895.71	-	-	2,461.09	-
Q3 2009	-	2,108.28	-	-	2,995.40	-
Q4 2009	-	2,080.53	-	-	2,741.16	-
Q1 2010	-	1,871.14	-	-	2,907.64	-
Q2 2010	-	1,902.50	-	-	2,965.56	-
Q3 2010	-	2,245.91	-	-	3,411.62	-
Q4 2010	12,026.53	2,163.12	154.59	883.98	(9284.82)	(218.30)
Q1 2011	3,296.45	2,161.01	32.59	209.36	-	(57.66)
Q2 2011	3,875.14	2,216.41	26.04	261.85	-	(68.54)
Q3 2011	4,069.58	2,489.74	34.65	274.60	-	(50.26)
Q4 2011	3,982.74	2,314.39	29.54	255.73	-	(157.65)
Q1 2012	4,068.67	2,329.29	20.45	236.24	-	(65.67)
Q2 2012	4,327.47	2,427.10	19.71	290.20	-	(75.41)
Q3 2012	3,915.84	2,722.23	19.71	273.72	-	(61.72)
Q4 2012	4,076.70	2,677.90	78.67	253.03	-	(142.63)
Q1 2013	4,386.49	2,606.25	19.29	249.06	-	(71.22)
Q2 2013	3,859.23	2,635.50	19.29	304.51	-	(95.20)
Q3 2013	3,241.41	2,813.52	19.29	304.95	-	(59.03)
Q4 2013	3,065.27	2,869.33	83.10	(858.51)	-	(111.80)
Q1 2014	3,463.82	2,818.18	16.37	-	-	(57.53)
Q2 2014	4,119.66	3,283.45	15.32	-	-	(81.85)
Q3 2014	3,336.91	2,868.20	15.33	-	-	(70.40)
Q4 2014	3,671.56	3,234.54	80.15	-	-	(125.88)

Period	Food sector	Retail sector	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
2005	-	2,488.87	15.59	-	4,407.57	-
2006	-	3,161.13	-	-	5,935.56	-
2007	-	4,224.77	4.83	-	6,179.93	-
2008	-	6,119.64	-	-	7,701.74	-
2009	-	7,920.10	-	-	9,997.11	-
2010	12,026.53	8,182.67	154.59	883.98	-	(218.30)
2011	15,223.92	9,181.55	122.82	1,001.53	-	(334.12)
2012	16,388.68	10,156.52	138.54	1,053.18	-	(345.43)
2013	14,552.39	10,924.60	140.99	-	-	(337.26)
2014	14,591.95	12,204.38	127.17	-	-	(335.66)

Analysts Estimates (Million)

Item	Q4 2014 (e)	Q4 2014 (a)	Change‬
Average	637.90	434.36	(31.9 %)

Estimates vs Actual (Million)

Item	Q4 2014 (e)	Q4 2014 (a)	Change
OSOOL AND BAKHEET	637.90	434.36	(31.9) %

Financial Ratios

	Current
Market Cap (M Riyal)	27,510.35
Enterprise Value (EV) (M)	28,742.45
Shares Outstanding ((M))	1,133.98
EPS ( Riyal) (TTM)	0.79
Book Value (BV) ( Riyal)	12.99
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	35.27
P/E (TTM)	30.84
Price/book	1.87
Return on Average Assets (%) (TTM)	2.8
Return on Average Equity (%) (TTM)	7.7

Savola Group (SAVOLA GROUP)

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SAVOLA’s 2014 net profit up 22% to SAR 2072.3 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2014 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Savola Group (SAVOLA GROUP)

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SAVOLA’s 2014 net profit up 22% to SAR 2072.3 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2014

Revenue by Business Segment (Latest) 2014 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Savola Group (SAVOLA GROUP)

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Business Segments (Million)