Savola Group posts SAR 451 mln loss in FY16

19/01/2017 Argaam Exclusive

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Savola Group, Saudi Arabia’s largest food producer, swung to a net loss of SAR 451.3 million in fiscal year 2016, compared to a profit of SAR 1.8 billion in the previous year.

The company attributed losses to a SAR 302 million impairment of assets and goodwill related to Egypt operations in Savola Foods Company, inventory reduction costs in Panda Retail Company, and a SAR 272 million impairment in the group’s non-core investments.

The company also cited lower share of net income from an associate, lower margins in the retail sector and a one-time charge to reduce inventory, along with increased financial charges mainly due to currency exchange losses and higher zakat and income tax.

Financials (M)

Item	2015	2016	Change‬
Revenues	25,125.60	26,330.80	4.8 %
Gross Income	5,025.39	4,652.96	(7.4 %)
Operating Income	989.26	344.50	(65.2 %)
Net Income	1,791.75	(363.29)	(120.3 %)
Average Shares	241.05	241.05	-
EPS (Riyals)	7.43	(1.51)	(120.3 %)

The company turned to a net loss of SAR 964.3 million in Q4 versus a profit of SAR 515.3 million in the same period last year, also due to impairment of assets and goodwill related to Egypt operations, lower margins in the retail sector, and higher losses in United Sugar Company-Egypt.

Savola had posted a net profit of SAR 173.4 million in Q3-2016.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2015	Q4 2016	Change‬
Revenues	6,261.83	6,613.95	5.6 %
Gross Income	1,274.13	864.48	(32.2 %)
Operating Income	189.68	(228.79)	(220.6 %)
Net Income	515.32	(915.70)	(277.7 %)
Average Shares	241.05	241.05	-
EPS (Riyals)	2.14	(3.80)	(277.7 %)

Item	Q3 2016	Q4 2016	Change‬
Revenues	6,154.31	6,613.95	7.5 %
Gross Income	1,182.55	864.48	(26.9 %)
Operating Income	113.77	(228.79)	(301.1 %)
Net Income	179.51	(915.70)	(610.1 %)
Average Shares	241.05	241.05	-
EPS (Riyals)	0.74	(3.80)	(610.1 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q1 2015	6,223.71	(0.3 %)	1,159.16	6.1 %	227.93	(23.3 %)
Q2 2015	7,036.49	(4.1 %)	1,353.24	8.1 %	326.05	(19.0 %)
Q3 2015	5,603.56	(8.9 %)	1,238.87	7.7 %	245.60	(32.3 %)
Q4 2015	6,261.83	(8.7 %)	1,274.13	(6.9 %)	189.68	(54.3 %)
2015	25,125.60	(5.5 %)	5,025.39	3.3 %	989.26	(33.0 %)
Q1 2016	6,421.75	3.2 %	1,273.15	9.8 %	242.12	6.2 %
Q2 2016	7,140.78	1.5 %	1,332.79	(1.5 %)	217.40	(33.3 %)
Q3 2016	6,154.31	9.8 %	1,182.55	(4.5 %)	113.77	(53.7 %)
Q4 2016	6,613.95	5.6 %	864.48	(32.2 %)	(228.79)	(220.6 %)
2016	26,330.80	4.8 %	4,652.96	(7.4 %)	344.50	(65.2 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
2015	25,125.60	(5.5 %)	5,025.39	3.3 %	989.26	(33.0 %)
2016	26,330.80	4.8 %	4,652.96	(7.4 %)	344.50	(65.2 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2007	137.46	1.2 %	0.61	-	137.46	0.61
Q2 2007	763.77	210.5 %	3.38	-	763.77	3.38
Q3 2007	151.39	(71.6 %)	0.67	-	151.39	0.67
Q4 2007	177.41	(23.9 %)	0.79	-	177.41	0.79
2007	1,230.02	7.1 %	5.45	-	1,230.02	5.45
Q1 2008	250.48	82.2 %	1.11	-	250.48	1.11
Q2 2008	257.69	(66.3 %)	1.14	-	257.69	1.14
Q3 2008	158.04	4.4 %	0.70	-	158.04	0.70
Q4 2008	(463.85)	(361.5 %)	(2.06)	-	(463.85)	(2.06)
2008	202.36	(83.5 %)	0.90	-	202.36	0.90
Q1 2009	192.55	(23.1 %)	0.85	-	192.55	0.85
Q2 2009	212.50	(17.5 %)	0.94	-	212.50	0.94
Q3 2009	277.89	75.8 %	1.23	-	277.89	1.23
Q4 2009	268.62	157.9 %	1.19	318.12	(49.50)	(0.22)
2009	951.57	370.2 %	4.22	318.12	633.45	2.81
Q1 2010	394.04	104.6 %	1.75	198.06	195.98	0.87
Q2 2010	207.65	(2.3 %)	0.92	1.01	206.64	0.92
Q3 2010	282.99	1.8 %	1.25	1.90	281.10	1.25
Q4 2010	2.02	(99.2 %)	0.01	(117.84)	119.86	0.53
2010	886.70	(6.8 %)	3.93	83.13	803.57	3.56
Q1 2011	165.16	(58.1 %)	0.73	-	165.16	0.73
Q2 2011	230.74	11.1 %	1.02	-	230.74	1.02
Q3 2011	307.89	8.8 %	1.36	-	307.89	1.36
Q4 2011	498.59	24607.3 %	2.21	152.78	345.81	1.53
2011	1,202.38	35.6 %	5.33	152.78	1,049.60	4.65
Q1 2012	242.31	46.7 %	1.07	-	242.31	1.07
Q2 2012	341.32	47.9 %	1.51	-	341.32	1.51
Q3 2012	405.22	31.6 %	1.80	-	405.22	1.80
Q4 2012	413.36	(17.1 %)	1.83	46.65	366.71	1.62
2012	1,402.21	16.6 %	6.21	46.65	1,355.56	6.01
Q1 2013	295.20	21.8 %	1.29	-	295.20	1.29
Q2 2013	387.76	13.6 %	1.69	-	387.76	1.69
Q3 2013	457.36	12.9 %	1.99	-	457.36	1.99
Q4 2013	564.16	36.5 %	2.46	200.93	363.23	1.58
2013	1,704.48	21.6 %	7.43	200.93	1,503.55	6.55
Q1 2014	423.26	43.4 %	1.76	5.02	418.24	1.74
Q2 2014	513.27	32.4 %	2.13	35.95	477.33	1.98
Q3 2014	701.43	53.4 %	2.91	205.74	495.69	2.06
Q4 2014	434.36	(23.0 %)	1.80	(54.13)	488.48	2.03
2014	2,072.32	21.6 %	8.60	192.59	1,879.73	7.80
Q1 2015	470.51	11.2 %	1.95	227.39	243.12	1.01
Q2 2015	434.37	(15.4 %)	1.80	(0.67)	435.03	1.80
Q3 2015	371.56	(47.0 %)	1.54	5.72	365.84	1.52
Q4 2015	515.32	18.6 %	2.14	199.19	316.13	1.31
2015	1,791.75	(13.5 %)	7.43	431.63	1,360.11	5.64
Q1 2016	119.38	(74.6 %)	0.50	(107.31)	226.69	0.94
Q2 2016	253.52	(41.6 %)	1.05	(42.26)	295.78	1.23
Q3 2016	179.51	(51.7 %)	0.74	(3.13)	182.64	0.76
Q4 2016	(915.70)	(277.7 %)	(3.80)	(597.46)	(318.23)	(1.32)
2016	(363.29)	(120.3 %)	(1.51)	(750.15)	386.87	1.60

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2007	1,230.02	7.1 %	5.45	-	1,230.02	5.45
2008	202.36	(83.5 %)	0.90	-	202.36	0.90
2009	951.57	370.2 %	4.22	318.12	633.45	2.81
2010	886.70	(6.8 %)	3.93	83.13	803.57	3.56
2011	1,202.38	35.6 %	5.33	152.78	1,049.60	4.65
2012	1,402.21	16.6 %	6.21	46.65	1,355.56	6.01
2013	1,704.48	21.6 %	7.43	200.93	1,503.55	6.55
2014	2,072.32	21.6 %	8.60	192.59	1,879.73	7.80
2015	1,791.75	(13.5 %)	7.43	431.63	1,360.11	5.64
2016	(363.29)	(120.3 %)	(1.51)	(750.15)	386.87	1.60

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q1 2015	18.55 %	7.64 %	6.42 %
Q2 2015	19.15 %	7.48 %	6.33 %
Q3 2015	19.90 %	7.24 %	5.96 %
Q4 2015	20.00 %	6.42 %	5.41 %
2015	20.00 %	6.42 %	5.41 %
Q1 2016	20.29 %	6.53 %	5.31 %
Q2 2016	20.13 %	6.32 %	4.74 %
Q3 2016	19.49 %	5.49 %	3.93 %
Q4 2016	17.67 %	4.04 %	1.47 %
2016	17.67 %	4.04 %	1.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2015	20.00 %	6.42 %	5.41 %
2016	17.67 %	4.04 %	1.47 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q1 2015	18.62 %	6.03 %	3.91 %
Q2 2015	19.23 %	6.93 %	6.18 %
Q3 2015	22.11 %	7.65 %	6.53 %
Q4 2015	20.35 %	5.14 %	5.05 %
Q1 2016	19.83 %	6.48 %	3.53 %
Q2 2016	18.66 %	6.18 %	4.14 %
Q3 2016	19.21 %	4.03 %	2.97 %
Q4 2016	13.07 %	(0.63 %)	(4.81 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2007	225.71	5.10	4.61	27.67
Q2 2007	225.71	7.39	6.90	29.10
Q3 2007	225.71	5.70	5.21	29.76
Q4 2007	225.71	5.45	5.45	31.71
Q1 2008	225.71	5.95	5.95	31.14
Q2 2008	225.71	3.71	3.71	32.33
Q3 2008	225.71	3.74	3.74	30.66
Q4 2008	225.71	0.90	0.90	28.31
Q1 2009	225.71	0.64	0.64	28.69
Q2 2009	225.71	0.44	0.44	29.08
Q3 2009	225.71	0.97	0.97	29.67
Q4 2009	225.71	4.22	2.81	30.84
Q1 2010	225.71	5.11	2.82	32.64
Q2 2010	225.71	5.09	2.80	31.53
Q3 2010	225.71	5.11	2.81	32.05
Q4 2010	225.71	3.93	3.56	31.10
Q1 2011	225.71	2.91	3.42	31.07
Q2 2011	225.71	3.02	3.53	31.65
Q3 2011	225.71	3.13	3.65	32.25
Q4 2011	225.71	5.33	4.65	34.21
Q1 2012	225.71	5.67	4.99	36.71
Q2 2012	225.71	6.16	5.48	35.23
Q3 2012	225.71	6.59	5.91	36.09
Q4 2012	225.71	6.21	6.01	36.71
Q1 2013	229.55	6.34	6.14	35.32
Q2 2013	229.55	6.54	6.34	35.91
Q3 2013	229.55	6.77	6.57	36.87
Q4 2013	229.55	7.43	6.55	40.04
Q1 2014	241.05	7.60	6.75	41.12
Q2 2014	241.05	8.12	7.12	41.02
Q3 2014	241.05	9.14	7.28	42.88
Q4 2014	241.05	8.60	7.80	41.34
Q1 2015	241.05	8.79	7.07	41.91
Q2 2015	241.05	8.47	6.90	43.46
Q3 2015	241.05	7.10	6.36	42.62
Q4 2015	241.05	7.43	5.64	43.77
Q1 2016	241.05	5.98	5.57	40.83
Q2 2016	241.05	5.23	5.00	41.13
Q3 2016	241.05	4.43	4.24	40.99
Q4 2016	241.05	(1.51)	1.60	34.09

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2007	225.71	5.45	5.45	31.71
2008	225.71	0.90	0.90	28.31
2009	225.71	4.22	2.81	30.84
2010	225.71	3.93	3.56	31.10
2011	225.71	5.33	4.65	34.21
2012	225.71	6.21	6.01	36.71
2013	229.55	7.43	6.55	40.04
2014	241.05	8.60	7.80	41.34
2015	241.05	7.43	5.64	43.77
2016	241.05	(1.51)	1.60	34.09

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2007	4.95	5.47	0.91
Q2 2007	3.26	3.49	0.83
Q3 2007	4.21	4.60	0.81
Q4 2007	5.49	5.49	0.94
Q1 2008	4.53	4.53	0.86
Q2 2008	8.16	8.16	0.94
Q3 2008	6.48	6.48	0.79
Q4 2008	22.54	22.54	0.71
Q1 2009	26.62	26.62	0.59
Q2 2009	42.26	42.26	0.64
Q3 2009	24.43	24.43	0.80
Q4 2009	5.98	8.99	0.82
Q1 2010	5.84	10.57	0.91
Q2 2010	5.75	10.46	0.93
Q3 2010	5.59	10.16	0.89
Q4 2010	6.80	7.51	0.86
Q1 2011	7.99	6.81	0.75
Q2 2011	7.53	6.43	0.72
Q3 2011	6.94	5.95	0.67
Q4 2011	4.50	5.15	0.70
Q1 2012	5.07	5.75	0.78
Q2 2012	4.71	5.29	0.82
Q3 2012	4.90	5.47	0.90
Q4 2012	5.38	5.56	0.91
Q1 2013	5.38	5.55	0.98
Q2 2013	6.03	6.22	1.12
Q3 2013	6.49	6.69	1.21
Q4 2013	6.94	7.87	1.23
Q1 2014	6.92	7.79	1.28
Q2 2014	6.65	7.58	1.32
Q3 2014	7.12	8.93	1.52
Q4 2014	7.16	7.89	1.49
Q1 2015	6.08	7.56	1.28
Q2 2015	6.32	7.76	1.23
Q3 2015	6.39	7.13	1.06
Q4 2015	5.29	6.96	0.90
Q1 2016	5.46	5.86	0.80
Q2 2016	5.46	5.71	0.69
Q3 2016	5.63	5.88	0.61
Q4 2016	NEG	19.55	0.92

Period	P/E	Adjusted P/E	Price/book
2007	5.49	5.49	0.94
2008	22.54	22.54	0.71
2009	5.98	8.99	0.82
2010	6.80	7.51	0.86
2011	4.50	5.15	0.70
2012	5.38	5.56	0.91
2013	6.94	7.87	1.23
2014	7.16	7.89	1.49
2015	5.29	6.96	0.90
2016	NEG	19.55	0.92

Business Segments (Million)

Compared With The

Period	Food sector	Retail sector	Food services	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
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)
Q1 2015	3,086.66	3,192.49	-	14.69	-	-	(70.13)
Q2 2015	3,369.06	3,781.59	-	14.69	-	-	(128.85)
Q3 2015	2,553.93	3,091.95	-	14.69	-	-	(57.01)
Q4 2015	2,802.55	3,466.70	-	100.78	-	-	(108.20)
Q1 2016	2,924.81	3,271.22	283.55	13.75	-	-	(71.58)
Q2 2016	3,102.65	3,873.85	277.73	13.75	-	-	(127.20)
Q3 2016	2,717.25	3,174.73	315.17	13.75	-	-	(66.58)
Q4 2016	3,142.01	3,252.58	280.23	96.36	-	-	(157.23)

Period	Food sector	Retail sector	Food services	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
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)
2015	11,812.20	13,532.73	-	144.86	-	-	(364.20)
2016	11,886.72	13,572.38	1,156.68	137.61	-	-	(422.59)

Analysts Estimates (Million)

Item	Q4 2016 (e)	Q4 2016 (a)	Change‬
Average	73.00	(915.70)	(1354.4 %)

Estimates vs Actual (Million)

Item	Q4 2016 (e)	Q4 2016 (a)	Change
Albilad Capital	98.00	(915.70)	(1034.4) %
Al Rajhi Capital	75.00	(915.70)	(1320.9) %
SNB Capital	46.00	(915.70)	(2090.6) %

Financial Ratios

	Current
Market Cap (M Riyal)	11,310.00
Enterprise Value (EV) (M)	12,542.10
Shares Outstanding ((M))	300.00
EPS ( Riyal) (TTM)	2.97
Book Value (BV) ( Riyal)	49.09
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	14.50
P/E (TTM)	12.68
Price/book	0.77
Return on Average Assets (%) (TTM)	2.8
Return on Average Equity (%) (TTM)	7.7

Savola Group (SAVOLA GROUP)

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Savola Group posts SAR 451 mln loss in FY16

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Financials (M)

Current Quarter Comparison (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

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Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2016 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

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Savola Group posts SAR 451 mln loss in FY16

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 2016

Revenue by Business Segment (Latest) 2016 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)