Savola H1 2022 net profit rises 37% to SAR 484.6 mln; Q2 at SAR 213.8 mln

24/08/2022 Argaam Exclusive

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Savola Group reported a net profit after Zakat and tax of SAR 484.6 million for the first half of 2022, a rise of 37% from SAR 353.8 million in the same period last year.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	11,854.53	14,377.66	21.3 %
Gross Income	2,329.25	2,533.08	8.8 %
Operating Income	486.77	623.11	28.0 %
Net Income	353.84	484.64	37.0 %
Average Shares	241.05	241.05	-
EPS (Riyals)	1.47	2.01	37.0 %

The company attributed the increase in net profit to higher gross profit, primarily due to improved pricing and a growth in sales volume of the food-processing segment. Savola also noted higher share of profits from associates.

Revenues rose 21% year-on-year (YoY) to SAR 14.4 billion in H1 2022.

The profit rise came despite higher operating expenses, net finance cost, and, Zakat and income tax expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	5,900.96	6,888.31	16.7 %
Gross Income	1,117.62	1,247.66	11.6 %
Operating Income	242.53	298.85	23.2 %
Net Income	200.02	213.75	6.9 %
Average Shares	241.05	241.05	-
EPS (Riyals)	0.83	0.89	6.9 %

Item	Q1 2022	Q2 2022	Change‬
Revenues	7,489.35	6,888.31	(8.0 %)
Gross Income	1,285.41	1,247.66	(2.9 %)
Operating Income	324.26	298.85	(7.8 %)
Net Income	270.89	213.75	(21.1 %)
Average Shares	241.05	241.05	-
EPS (Riyals)	1.12	0.89	(21.1 %)

Q2 2022 net profit after Zakat and tax grew 7% to SAR 213.8 million from SAR 200 million in the corresponding period last year, as gross profit rose mainly due to the higher sales and margins in the food processing segment.

On a sequential basis, Q2 net profit slipped 21.1% from SAR 270.9 million.

Shareholders’ equity, after minority interest, stood at SAR 8.255 billion as of June 30, 2022, compared to SAR 8.436 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q1 2017	5,786.91	(9.9 %)	1,040.13	(18.3 %)	18.06	(92.5 %)
Q2 2017	6,653.26	(6.8 %)	1,140.04	(14.5 %)	74.96	(65.5 %)
Q3 2017	5,595.78	(9.1 %)	1,053.79	(10.9 %)	25.93	(77.2 %)
Q4 2017	5,794.53	(12.4 %)	1,160.16	34.2 %	154.73	167.6 %
2017	23,830.48	(9.5 %)	4,394.12	(5.6 %)	272.89	(20.8 %)
Q1 2018	5,107.98	(11.7 %)	908.50	(12.7 %)	(54.78)	(403.3 %)
Q2 2018	6,147.58	(7.6 %)	1,066.86	(6.4 %)	0.33	(99.6 %)
Q3 2018	5,212.03	(6.9 %)	932.00	(11.6 %)	(36.92)	(242.4 %)
Q4 2018	5,346.97	(7.7 %)	990.60	(14.6 %)	(6.51)	(104.2 %)
2018	21,814.56	(8.5 %)	3,897.96	(11.3 %)	(97.87)	(135.9 %)
Q1 2019	5,387.89	5.5 %	1,065.47	17.3 %	91.74	267.5 %
Q2 2019	5,812.70	(5.4 %)	1,163.16	9.0 %	154.71	46925.2 %
Q3 2019	5,148.13	(1.2 %)	1,084.18	16.3 %	211.60	673.2 %
Q4 2019	5,231.73	(2.2 %)	1,191.50	20.3 %	211.54	3351.0 %
2019	21,406.42	(1.9 %)	4,504.30	15.6 %	669.60	784.2 %
Q1 2020	5,922.88	9.9 %	1,223.00	14.8 %	273.38	198.0 %
Q2 2020	6,007.08	3.3 %	1,278.68	9.9 %	363.61	135.0 %
Q3 2020	4,587.28	(10.9 %)	1,064.43	(1.8 %)	214.56	1.4 %
Q4 2020	5,184.71	(0.9 %)	1,074.27	(9.8 %)	105.12	(50.3 %)
2020	21,701.94	1.4 %	4,640.38	3.0 %	956.68	42.9 %
Q1 2021	5,953.57	0.5 %	1,211.63	(0.9 %)	244.24	(10.7 %)
Q2 2021	5,900.96	(1.8 %)	1,117.62	(12.6 %)	242.53	(33.3 %)
Q3 2021	6,048.46	31.9 %	1,023.66	(3.8 %)	152.76	(28.8 %)
Q4 2021	6,755.27	30.3 %	1,127.80	5.0 %	241.57	129.8 %
2021	24,669.16	13.7 %	4,478.71	(3.5 %)	881.10	(7.9 %)
Q1 2022	7,489.35	25.8 %	1,285.41	6.1 %	324.26	32.8 %
Q2 2022	6,888.31	16.7 %	1,247.66	11.6 %	298.85	23.2 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
2017	23,830.48	(9.5 %)	4,394.12	(5.6 %)	272.89	(20.8 %)
2018	21,814.56	(8.5 %)	3,897.96	(11.3 %)	(97.87)	(135.9 %)
2019	21,406.42	(1.9 %)	4,504.30	15.6 %	669.60	784.2 %
2020	21,701.94	1.4 %	4,640.38	3.0 %	956.68	42.9 %
2021	24,669.16	13.7 %	4,478.71	(3.5 %)	881.10	(7.9 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
Q1 2017	4.78	(96.0 %)	0.02	15.61	(10.83)	(0.04)
Q2 2017	229.31	(9.5 %)	0.95	68.14	161.17	0.67
Q3 2017	829.04	361.8 %	3.44	693.94	135.10	0.56
Q4 2017	(37.51)	95.9 %	(0.16)	(222.02)	184.51	0.77
2017	1,025.62	382.3 %	4.25	555.67	469.95	1.95
Q1 2018	(84.32)	(1864.7 %)	(0.35)	3.27	(87.58)	(0.36)
Q2 2018	140.65	(38.7 %)	0.58	-	140.65	0.58
Q3 2018	(50.73)	(106.1 %)	(0.21)	-	(50.73)	(0.21)
Q4 2018	(525.99)	(1,302.2 %)	(2.18)	(300.29)	(225.70)	(0.94)
2018	(520.38)	(150.7 %)	(2.16)	(297.02)	(223.36)	(0.93)
Q1 2019	6.33	107.5 %	0.03	42.71	(36.38)	(0.15)
Q2 2019	110.23	(21.6 %)	0.46	7.56	102.67	0.43
Q3 2019	221.76	537.2 %	0.92	21.17	200.59	0.83
Q4 2019	137.31	126.1 %	0.57	66.84	70.48	0.29
2019	475.63	191.4 %	1.97	138.28	337.36	1.40
Q1 2020	172.76	2629.1 %	0.72	-	172.76	0.72
Q2 2020	409.58	271.6 %	1.70	-	409.58	1.70
Q3 2020	283.74	28.0 %	1.18	21.00	262.74	1.09
Q4 2020	44.73	(67.4 %)	0.19	-	44.73	0.19
2020	910.80	91.5 %	3.78	21.00	889.80	3.69
Q1 2021	153.83	(11.0 %)	0.64	-	153.83	0.64
Q2 2021	200.02	(51.2 %)	0.83	-	200.02	0.83
Q3 2021	122.40	(56.9 %)	0.51	-	122.40	0.51
Q4 2021	(254.36)	(668.7 %)	(1.06)	(421.87)	167.50	0.69
2021	221.88	(75.6 %)	0.92	(421.87)	643.75	2.67
Q1 2022	270.89	76.1 %	1.12	-	270.89	1.12
Q2 2022	213.75	6.9 %	0.89	-	213.75	0.89

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
2017	1,025.62	382.3 %	4.25	555.67	469.95	1.95
2018	(520.38)	(150.7 %)	(2.16)	(297.02)	(223.36)	(0.93)
2019	475.63	191.4 %	1.97	138.28	337.36	1.40
2020	910.80	91.5 %	3.78	21.00	889.80	3.69
2021	221.88	(75.6 %)	0.92	(421.87)	643.75	2.67

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q1 2017	17.20 %	3.34 %	0.58 %
Q2 2017	16.77 %	2.54 %	0.06 %
Q3 2017	16.63 %	2.63 %	(0.13 %)
Q4 2017	18.44 %	4.53 %	1.97 %
2017	18.44 %	4.52 %	1.97 %
Q1 2018	18.41 %	4.31 %	1.70 %
Q2 2018	18.50 %	4.33 %	1.65 %
Q3 2018	18.27 %	3.89 %	0.84 %
Q4 2018	17.87 %	3.05 %	(1.02 %)
2018	17.87 %	3.05 %	(1.02 %)
Q1 2019	18.35 %	4.18 %	(0.78 %)
Q2 2019	19.08 %	5.40 %	(0.97 %)
Q3 2019	19.84 %	7.10 %	0.19 %
Q4 2019	20.87 %	11.45 %	1.56 %
2019	21.04 %	8.74 %	1.58 %
Q1 2020	21.08 %	11.92 %	2.47 %
Q2 2020	21.41 %	12.70 %	3.83 %
Q3 2020	21.88 %	12.99 %	4.21 %
Q4 2020	21.38 %	9.58 %	4.10 %
2020	21.38 %	9.58 %	4.10 %
Q1 2021	21.30 %	9.36 %	4.01 %
Q2 2021	20.66 %	8.73 %	3.06 %
Q3 2021	19.18 %	7.81 %	2.26 %
Q4 2021	18.17 %	7.90 %	2.61 %
2021	18.16 %	7.89 %	2.61 %
Q1 2022	17.39 %	7.67 %	2.90 %
Q2 2022	17.23 %	7.57 %	2.85 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2017	18.44 %	4.52 %	1.97 %
2018	17.87 %	3.05 %	(1.02 %)
2019	21.04 %	8.74 %	1.58 %
2020	21.38 %	9.58 %	4.10 %
2021	18.16 %	7.89 %	2.61 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
Q1 2017	17.97 %	3.65 %	(0.19 %)
Q2 2017	17.14 %	3.34 %	2.42 %
Q3 2017	18.83 %	4.61 %	2.41 %
Q4 2017	20.02 %	6.69 %	3.18 %
Q1 2018	17.79 %	2.57 %	(1.71 %)
Q2 2018	17.35 %	3.30 %	2.29 %
Q3 2018	17.88 %	2.76 %	(0.97 %)
Q4 2018	18.53 %	3.49 %	(4.22 %)
Q1 2019	19.78 %	7.25 %	(0.68 %)
Q2 2019	20.01 %	7.82 %	1.77 %
Q3 2019	21.06 %	9.87 %	3.90 %
Q4 2019	22.77 %	21.34 %	1.35 %
Q1 2020	20.65 %	9.42 %	2.92 %
Q2 2020	21.29 %	10.85 %	6.82 %
Q3 2020	23.20 %	10.91 %	5.73 %
Q4 2020	20.72 %	7.11 %	0.86 %
Q1 2021	20.35 %	8.61 %	2.58 %
Q2 2021	18.94 %	8.57 %	3.39 %
Q3 2021	16.92 %	6.86 %	2.02 %
Q4 2021	16.70 %	7.60 %	2.48 %
Q1 2022	17.16 %	7.69 %	3.62 %
Q2 2022	18.11 %	8.04 %	3.10 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q1 2017	241.05	(1.98)	0.62	34.08
Q2 2017	241.05	(2.08)	0.06	34.91
Q3 2017	241.05	0.61	(0.14)	38.14
Q4 2017	241.05	4.25	1.95	36.63
Q1 2018	241.05	3.89	1.63	35.63
Q2 2018	241.05	3.52	1.55	34.08
Q3 2018	241.05	(0.13)	0.78	31.67
Q4 2018	241.05	(2.16)	(0.93)	29.57
Q1 2019	241.05	(1.78)	(0.71)	29.63
Q2 2019	241.05	(1.91)	(0.87)	30.03
Q3 2019	241.05	(0.78)	0.17	30.92
Q4 2019	241.05	1.97	1.40	31.49
Q1 2020	241.05	2.66	2.27	31.57
Q2 2020	241.05	3.91	3.54	32.04
Q3 2020	241.05	4.16	3.80	33.87
Q4 2020	241.05	3.78	3.69	34.15
Q1 2021	241.05	3.70	3.61	35.29
Q2 2021	241.05	2.83	2.74	35.00
Q3 2021	241.05	2.16	2.16	34.96
Q4 2021	241.05	0.92	2.67	33.51
Q1 2022	241.05	1.41	3.16	33.93
Q2 2022	241.05	1.46	3.21	34.25

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2017	241.05	4.25	1.95	36.63
2018	241.05	(2.16)	(0.93)	29.57
2019	241.05	1.97	1.40	31.49
2020	241.05	3.78	3.69	34.15
2021	241.05	0.92	2.67	33.51

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q1 2017	NEG	52.04	0.95
Q2 2017	NEG	More than 100	1.13
Q3 2017	58.36	NEG	0.94
Q4 2017	7.26	15.84	0.84
Q1 2018	8.90	21.20	0.97
Q2 2018	8.28	18.84	0.85
Q3 2018	NEG	30.42	0.74
Q4 2018	NEG	NEG	0.71
Q1 2019	NEG	NEG	0.83
Q2 2019	NEG	NEG	0.85
Q3 2019	NEG	More than 100	0.78
Q4 2019	13.61	19.19	0.85
Q1 2020	10.48	12.31	0.88
Q2 2020	8.43	9.30	1.03
Q3 2020	9.02	9.88	1.11
Q4 2020	8.80	9.00	0.97
Q1 2021	8.31	8.51	0.87
Q2 2021	11.92	12.30	0.96
Q3 2021	13.57	13.57	0.84
Q4 2021	27.14	9.36	0.75
Q1 2022	20.27	9.03	0.84
Q2 2022	17.96	8.18	0.77

Period	P/E	Adjusted P/E	Price/book
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
2017	7.26	15.84	0.84
2018	NEG	NEG	0.71
2019	13.61	19.19	0.85
2020	8.80	9.00	0.97
2021	27.14	9.36	0.75

Business Segments (Million)

Compared With The

Period	Food sector	Retail sector	Food services	Frozen food	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
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)
Q1 2017	2,954.09	2,674.10	275.01	-	11.54	-	-	(127.83)
Q2 2017	3,145.94	3,331.50	272.10	-	11.61	-	-	(107.89)
Q3 2017	2,698.83	2,653.43	311.72	-	11.61	-	-	(79.82)
Q4 2017	2,585.35	2,984.00	298.96	-	10.58	-	-	(84.36)
Q1 2018	2,571.71	2,377.14	286.30	-	11.41	-	-	(138.57)
Q2 2018	2,692.86	3,230.09	293.13	-	11.40	-	-	(79.90)
Q3 2018	2,309.97	2,643.85	322.65	-	11.29	-	-	(75.71)
Q4 2018	2,160.94	2,866.52	325.20	94.11	12.94	-	-	(112.73)
Q1 2019	2,408.41	2,670.53	313.40	128.90	10.99	-	-	(144.35)
Q2 2019	2,349.92	2,867.97	309.30	181.73	10.35	-	-	(80.60)
Q3 2019	2,184.53	2,559.15	339.08	142.48	10.60	-	-	(87.71)
Q4 2019	2,266.36	2,562.11	326.52	166.94	11.66	-	-	(101.86)
Q1 2020	2,475.72	3,098.78	296.93	191.76	10.80	-	-	(151.10)
Q2 2020	2,229.61	3,463.04	170.10	211.24	8.48	-	-	(75.40)
Q3 2020	1,652.91	2,526.87	311.12	180.67	9.24	-	-	(93.53)
Q4 2020	2,285.32	2,524.62	297.94	153.13	7.55	-	-	(83.84)
Q1 2021	2,905.73	2,719.56	310.10	174.98	7.17	-	-	(163.97)
Q2 2021	2,645.54	2,843.25	322.02	158.60	7.44	-	-	(75.90)
Q3 2021	3,094.32	2,532.15	352.59	148.94	6.69	-	-	(75.30)
Q4 2021	3,984.53	2,381.16	329.15	160.43	6.25	-	-	(106.26)
Q1 2022	4,327.59	2,805.63	328.20	184.38	7.38	-	-	(163.83)
Q2 2022	4,068.96	2,430.77	291.61	165.13	6.49	-	-	(74.66)

Period	Food sector	Retail sector	Food services	Frozen food	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
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)
2017	11,384.22	11,643.02	1,157.79	-	45.34	-	-	(399.90)
2018	9,735.47	11,117.60	1,227.27	94.11	47.04	-	-	(406.92)
2019	9,209.21	10,659.77	1,288.31	620.06	43.60	-	-	(414.52)
2020	8,643.56	11,613.30	1,076.08	736.80	36.08	-	-	(403.87)
2021	12,630.12	10,476.12	1,313.86	642.94	27.55	-	-	(421.43)

Analysts Estimates (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change‬
Average	206.38	213.75	3.57 %

Estimates vs Actual (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change
SNB Capital	232.00	213.75	(7.9) %
Hermes	249.00	213.75	(14.2) %
Al Rajhi Capital	179.00	213.75	19.4 %
Goldman Sachs	165.53	213.75	29.1 %

Financial Ratios

	Current
Market Cap (M Riyal)	10,080.00
Enterprise Value (EV) (M)	11,312.10
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)	12.92
P/E (TTM)	11.30
Price/book	0.68
Return on Average Assets (%) (TTM)	2.8
Return on Average Equity (%) (TTM)	7.7

Savola Group (SAVOLA GROUP)

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Savola H1 2022 net profit rises 37% to SAR 484.6 mln; Q2 at SAR 213.8 mln

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Financials (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)

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Analysts Estimates (Million)

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Savola H1 2022 net profit rises 37% to SAR 484.6 mln; Q2 at SAR 213.8 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) Q2 2022

Revenue by Business Segment (Latest) 2022 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

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Business Segments (Million)