View Future GrowthApator 과거 순이익 실적과거 기준 점검 5/6Apator은 연평균 10.1%의 비율로 수입이 증가해 온 반면, Electronic 산업은 수입이 13.5% 감소했습니다. 매출은 연평균 6.1%의 비율로 증가했습니다. Apator의 자기자본이익률은 12.9%이고 순이익률은 7%입니다.핵심 정보10.14%순이익 성장률6.37%주당순이익(EPS) 성장률Electronic 산업 성장률1.03%매출 성장률6.15%자기자본이익률12.94%순이익률6.96%다음 순이익 업데이트28 Aug 2026최근 과거 실적 업데이트Reported Earnings • 3hFirst quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł332.9m (up 17% from 1Q 2025). Net income: zł20.0m (up 66% from 1Q 2025). Profit margin: 6.0% (up from 4.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electronic industry in Germany.공시 • Nov 11Apator S.A. to Report Q3, 2025 Results on Nov 14, 2025Apator S.A. announced that they will report Q3, 2025 results on Nov 14, 2025공시 • Aug 20Apator S.A. to Report First Half, 2025 Results on Aug 29, 2025Apator S.A. announced that they will report first half, 2025 results on Aug 29, 2025Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł292.6m (up 1.4% from 3Q 2023). Net income: zł17.4m (up 106% from 3Q 2023). Profit margin: 5.9% (up from 2.9% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electronic industry in Germany.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: zł0.91 (vs zł0.13 in 2Q 2023)Second quarter 2024 results: EPS: zł0.91 (up from zł0.13 in 2Q 2023). Revenue: zł338.1m (up 23% from 2Q 2023). Net income: zł26.4m (up zł22.5m from 2Q 2023). Profit margin: 7.8% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.공시 • May 16Apator S.A. to Report First Half, 2024 Results on Aug 30, 2024Apator S.A. announced that they will report first half, 2024 results on Aug 30, 2024모든 업데이트 보기Recent updatesReported Earnings • 3hFirst quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł332.9m (up 17% from 1Q 2025). Net income: zł20.0m (up 66% from 1Q 2025). Profit margin: 6.0% (up from 4.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electronic industry in Germany.공시 • Dec 03Apator S.A. (WSE:APT) commences an Equity Buyback Plan for 500,000 shares, representing 1.53% for PLN 10 million, under the authorization approved on June 25, 2025.Apator S.A. (WSE:APT) commences share repurchases on November 21, 2025, under the program mandated by the shareholders in the Annual General Meeting held on June 25, 2025. As per the mandate, the company is authorized to repurchase up to 500,000 shares, representing 1.53% of its own shares for PLN 10 million. The purpose of the buyback is to reduce the share capital of the company. The shares will be repurchased at a price not lower than PLN 0.10 and not higher than PLN 30 per share. The program will be funded out of the share redemption fund established according to the resolution of General Shareholders Meeting of the company. The plan will be valid up to April 30, 2026.공시 • Nov 11Apator S.A. to Report Q3, 2025 Results on Nov 14, 2025Apator S.A. announced that they will report Q3, 2025 results on Nov 14, 2025공시 • Aug 20Apator S.A. to Report First Half, 2025 Results on Aug 29, 2025Apator S.A. announced that they will report first half, 2025 results on Aug 29, 2025Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł292.6m (up 1.4% from 3Q 2023). Net income: zł17.4m (up 106% from 3Q 2023). Profit margin: 5.9% (up from 2.9% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electronic industry in Germany.New Risk • Nov 16New major risk - Revenue and earnings growthEarnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Declared Dividend • Nov 04First half dividend of zł0.30 announcedShareholders will receive a dividend of zł0.30. Ex-date: 5th December 2024 Payment date: 12th December 2024 Dividend yield will be 9.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 46% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: zł0.91 (vs zł0.13 in 2Q 2023)Second quarter 2024 results: EPS: zł0.91 (up from zł0.13 in 2Q 2023). Revenue: zł338.1m (up 23% from 2Q 2023). Net income: zł26.4m (up zł22.5m from 2Q 2023). Profit margin: 7.8% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 26Upcoming dividend of zł0.20 per shareEligible shareholders must have bought the stock before 03 July 2024. Payment date: 11 July 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.8%).공시 • May 31Apator S.A., Annual General Meeting, Jun 26, 2024Apator S.A., Annual General Meeting, Jun 26, 2024.New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 1.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).New Risk • May 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.공시 • May 16Apator S.A. to Report First Half, 2024 Results on Aug 30, 2024Apator S.A. announced that they will report first half, 2024 results on Aug 30, 2024New Risk • Mar 07New major risk - Revenue and earnings growthEarnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.공시 • Feb 20+ 1 more updateApator S.A. to Report Fiscal Year 2023 Final Results on Apr 26, 2024Apator S.A. announced that they will report fiscal year 2023 final results at 11:30 AM, Central European Standard Time on Apr 26, 2024공시 • Jan 07Apator S.A. to Report Fiscal Year 2023 Results on May 14, 2024Apator S.A. announced that they will report fiscal year 2023 results at 11:30 AM, Central European Standard Time on May 14, 2024공시 • Jan 06+ 3 more updatesApator S.A. to Report Fiscal Year 2023 Results on Mar 20, 2024Apator S.A. announced that they will report fiscal year 2023 results on Mar 20, 2024Upcoming Dividend • Dec 07Upcoming dividend of zł0.20 per share at 2.6% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (1.5%).Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł288.7m (up 2.7% from 3Q 2022). Net income: zł8.46m (up zł11.9m from 3Q 2022). Profit margin: 2.9% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.Reported Earnings • Sep 03Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł275.6m (up 6.8% from 2Q 2022). Net income: zł3.88m (down 22% from 2Q 2022). Profit margin: 1.4% (down from 1.9% in 2Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.Upcoming Dividend • Jul 24Upcoming dividend of zł0.30 per share at 1.7% yieldEligible shareholders must have bought the stock before 31 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.3%).공시 • Jun 02Apator S.A., Annual General Meeting, Jun 28, 2023Apator S.A., Annual General Meeting, Jun 28, 2023, at 11:00 Central European Standard Time.Reported Earnings • May 22First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł288.5m (up 22% from 1Q 2022). Net income: zł8.55m (up zł12.5m from 1Q 2022). Profit margin: 3.0% (up from net loss in 1Q 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany.Reported Earnings • Mar 02Full year 2022 earnings released: EPS: zł0.30 (vs zł2.13 in FY 2021)Full year 2022 results: EPS: zł0.30 (down from zł2.13 in FY 2021). Revenue: zł1.08b (up 15% from FY 2021). Net income: zł8.84m (down 86% from FY 2021). Profit margin: 0.8% (down from 6.6% in FY 2021).공시 • Dec 15+ 4 more updatesApator S.A. to Report Q4, 2022 Results on Feb 28, 2023Apator S.A. announced that they will report Q4, 2022 results on Feb 28, 2023Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł281.2m (up 17% from 3Q 2021). Net loss: zł3.48m (down 125% from profit in 3Q 2021).Upcoming Dividend • Jun 28Upcoming dividend of zł0.20 per shareEligible shareholders must have bought the stock before 05 July 2022. Payment date: 31 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.2%).Reported Earnings • May 21First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł237.1m (up 5.6% from 1Q 2021). Net loss: zł3.99m (down 110% from profit in 1Q 2021).Reported Earnings • Mar 03Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: zł2.11 (up from zł2.06 in FY 2020). Revenue: zł940.3m (flat on FY 2020). Net income: zł61.5m (up 2.2% from FY 2020). Profit margin: 6.5% (up from 6.4% in FY 2020). Revenue exceeded analyst estimates by 4.9%.Upcoming Dividend • Jan 07Upcoming dividend of zł0.30 per shareEligible shareholders must have bought the stock before 14 January 2022. Payment date: 24 January 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.6%).Reported Earnings • Nov 19Third quarter 2021 earnings releasedThe company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł240.1m (down 1.6% from 3Q 2020). Net income: zł13.7m (down 18% from 3Q 2020). Profit margin: 5.7% (down from 6.8% in 3Q 2020).공시 • Jun 03Apator S.A. Announces Dividend PaymentApator S.A. will offer shareholders PLN 0.75 in dividend per share on top of PLN 0.45 already paid in advance dividend from 2020 profits, the company said in a market filing.Reported Earnings • May 21First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: zł224.5m (flat on 1Q 2020). Net income: zł40.4m (up 139% from 1Q 2020). Profit margin: 18% (up from 7.5% in 1Q 2020).매출 및 비용 세부 내역Apator가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:8QM 매출, 비용 및 순이익 (PLN Millions)날짜매출순이익일반관리비연구개발비31 Mar 261,25187237031 Dec 251,20279233030 Sep 251,16770225030 Jun 251,16365218031 Mar 251,21573216031 Dec 241,22873212030 Sep 241,21143209030 Jun 241,20834210031 Mar 241,14512202031 Dec 231,1378201030 Sep 231,15830195030 Jun 231,15118188031 Mar 231,13319187031 Dec 221,0827179030 Sep 221,014-3176030 Jun 2297314172031 Mar 2295318166031 Dec 2194062165030 Sep 2193176160030 Jun 2193579160031 Mar 2193584159031 Dec 2093560158030 Sep 2094057160030 Jun 2091655160031 Mar 2089055164031 Dec 1987853163030 Sep 1988560168030 Jun 1986763168031 Mar 1985868165031 Dec 1882867162030 Sep 1879948161030 Jun 1881648159031 Mar 1885039165031 Dec 1788341166030 Sep 1790566161030 Jun 1788656159031 Mar 1786558149031 Dec 1684155142030 Sep 1682045139030 Jun 1681157133031 Mar 1677956133031 Dec 1576960132030 Sep 1576472127030 Jun 15754751260양질의 수익: 8QM는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 8QM의 현재 순 이익률 (7%)은 지난해 (6%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 8QM의 수익은 지난 5년 동안 연평균 10.1% 증가했습니다.성장 가속화: 지난 1년간 8QM 의 수익 증가율(19%)은 연간 평균(10.1%)을 초과합니다.수익 대 산업: 8QM의 지난 1년 수익 증가율(19%)은 Electronic 업계의 -10.1%를 상회했습니다.자기자본이익률높은 ROE: 8QM의 자본 수익률(12.9%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 04:43종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Apator S.A.는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Piotr LopaciukErste Group Bank AGPawel PuchalskiSantander Brokerage PolandTomasz SokolowskiSantander Brokerage Poland2명의 분석가 더 보기
Reported Earnings • 3hFirst quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł332.9m (up 17% from 1Q 2025). Net income: zł20.0m (up 66% from 1Q 2025). Profit margin: 6.0% (up from 4.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electronic industry in Germany.
공시 • Nov 11Apator S.A. to Report Q3, 2025 Results on Nov 14, 2025Apator S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
공시 • Aug 20Apator S.A. to Report First Half, 2025 Results on Aug 29, 2025Apator S.A. announced that they will report first half, 2025 results on Aug 29, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł292.6m (up 1.4% from 3Q 2023). Net income: zł17.4m (up 106% from 3Q 2023). Profit margin: 5.9% (up from 2.9% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electronic industry in Germany.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: zł0.91 (vs zł0.13 in 2Q 2023)Second quarter 2024 results: EPS: zł0.91 (up from zł0.13 in 2Q 2023). Revenue: zł338.1m (up 23% from 2Q 2023). Net income: zł26.4m (up zł22.5m from 2Q 2023). Profit margin: 7.8% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
공시 • May 16Apator S.A. to Report First Half, 2024 Results on Aug 30, 2024Apator S.A. announced that they will report first half, 2024 results on Aug 30, 2024
Reported Earnings • 3hFirst quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł332.9m (up 17% from 1Q 2025). Net income: zł20.0m (up 66% from 1Q 2025). Profit margin: 6.0% (up from 4.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electronic industry in Germany.
공시 • Dec 03Apator S.A. (WSE:APT) commences an Equity Buyback Plan for 500,000 shares, representing 1.53% for PLN 10 million, under the authorization approved on June 25, 2025.Apator S.A. (WSE:APT) commences share repurchases on November 21, 2025, under the program mandated by the shareholders in the Annual General Meeting held on June 25, 2025. As per the mandate, the company is authorized to repurchase up to 500,000 shares, representing 1.53% of its own shares for PLN 10 million. The purpose of the buyback is to reduce the share capital of the company. The shares will be repurchased at a price not lower than PLN 0.10 and not higher than PLN 30 per share. The program will be funded out of the share redemption fund established according to the resolution of General Shareholders Meeting of the company. The plan will be valid up to April 30, 2026.
공시 • Nov 11Apator S.A. to Report Q3, 2025 Results on Nov 14, 2025Apator S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
공시 • Aug 20Apator S.A. to Report First Half, 2025 Results on Aug 29, 2025Apator S.A. announced that they will report first half, 2025 results on Aug 29, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł292.6m (up 1.4% from 3Q 2023). Net income: zł17.4m (up 106% from 3Q 2023). Profit margin: 5.9% (up from 2.9% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Electronic industry in Germany.
New Risk • Nov 16New major risk - Revenue and earnings growthEarnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Declared Dividend • Nov 04First half dividend of zł0.30 announcedShareholders will receive a dividend of zł0.30. Ex-date: 5th December 2024 Payment date: 12th December 2024 Dividend yield will be 9.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 46% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: zł0.91 (vs zł0.13 in 2Q 2023)Second quarter 2024 results: EPS: zł0.91 (up from zł0.13 in 2Q 2023). Revenue: zł338.1m (up 23% from 2Q 2023). Net income: zł26.4m (up zł22.5m from 2Q 2023). Profit margin: 7.8% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 26Upcoming dividend of zł0.20 per shareEligible shareholders must have bought the stock before 03 July 2024. Payment date: 11 July 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.8%).
공시 • May 31Apator S.A., Annual General Meeting, Jun 26, 2024Apator S.A., Annual General Meeting, Jun 26, 2024.
New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 1.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).
New Risk • May 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
공시 • May 16Apator S.A. to Report First Half, 2024 Results on Aug 30, 2024Apator S.A. announced that they will report first half, 2024 results on Aug 30, 2024
New Risk • Mar 07New major risk - Revenue and earnings growthEarnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
공시 • Feb 20+ 1 more updateApator S.A. to Report Fiscal Year 2023 Final Results on Apr 26, 2024Apator S.A. announced that they will report fiscal year 2023 final results at 11:30 AM, Central European Standard Time on Apr 26, 2024
공시 • Jan 07Apator S.A. to Report Fiscal Year 2023 Results on May 14, 2024Apator S.A. announced that they will report fiscal year 2023 results at 11:30 AM, Central European Standard Time on May 14, 2024
공시 • Jan 06+ 3 more updatesApator S.A. to Report Fiscal Year 2023 Results on Mar 20, 2024Apator S.A. announced that they will report fiscal year 2023 results on Mar 20, 2024
Upcoming Dividend • Dec 07Upcoming dividend of zł0.20 per share at 2.6% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (1.5%).
Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł288.7m (up 2.7% from 3Q 2022). Net income: zł8.46m (up zł11.9m from 3Q 2022). Profit margin: 2.9% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
Reported Earnings • Sep 03Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł275.6m (up 6.8% from 2Q 2022). Net income: zł3.88m (down 22% from 2Q 2022). Profit margin: 1.4% (down from 1.9% in 2Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
Upcoming Dividend • Jul 24Upcoming dividend of zł0.30 per share at 1.7% yieldEligible shareholders must have bought the stock before 31 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.3%).
공시 • Jun 02Apator S.A., Annual General Meeting, Jun 28, 2023Apator S.A., Annual General Meeting, Jun 28, 2023, at 11:00 Central European Standard Time.
Reported Earnings • May 22First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł288.5m (up 22% from 1Q 2022). Net income: zł8.55m (up zł12.5m from 1Q 2022). Profit margin: 3.0% (up from net loss in 1Q 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany.
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: zł0.30 (vs zł2.13 in FY 2021)Full year 2022 results: EPS: zł0.30 (down from zł2.13 in FY 2021). Revenue: zł1.08b (up 15% from FY 2021). Net income: zł8.84m (down 86% from FY 2021). Profit margin: 0.8% (down from 6.6% in FY 2021).
공시 • Dec 15+ 4 more updatesApator S.A. to Report Q4, 2022 Results on Feb 28, 2023Apator S.A. announced that they will report Q4, 2022 results on Feb 28, 2023
Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł281.2m (up 17% from 3Q 2021). Net loss: zł3.48m (down 125% from profit in 3Q 2021).
Upcoming Dividend • Jun 28Upcoming dividend of zł0.20 per shareEligible shareholders must have bought the stock before 05 July 2022. Payment date: 31 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.2%).
Reported Earnings • May 21First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł237.1m (up 5.6% from 1Q 2021). Net loss: zł3.99m (down 110% from profit in 1Q 2021).
Reported Earnings • Mar 03Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: zł2.11 (up from zł2.06 in FY 2020). Revenue: zł940.3m (flat on FY 2020). Net income: zł61.5m (up 2.2% from FY 2020). Profit margin: 6.5% (up from 6.4% in FY 2020). Revenue exceeded analyst estimates by 4.9%.
Upcoming Dividend • Jan 07Upcoming dividend of zł0.30 per shareEligible shareholders must have bought the stock before 14 January 2022. Payment date: 24 January 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.6%).
Reported Earnings • Nov 19Third quarter 2021 earnings releasedThe company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł240.1m (down 1.6% from 3Q 2020). Net income: zł13.7m (down 18% from 3Q 2020). Profit margin: 5.7% (down from 6.8% in 3Q 2020).
공시 • Jun 03Apator S.A. Announces Dividend PaymentApator S.A. will offer shareholders PLN 0.75 in dividend per share on top of PLN 0.45 already paid in advance dividend from 2020 profits, the company said in a market filing.
Reported Earnings • May 21First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: zł224.5m (flat on 1Q 2020). Net income: zł40.4m (up 139% from 1Q 2020). Profit margin: 18% (up from 7.5% in 1Q 2020).