Czech manufacturer of door handles M&T 1997 announced preliminary financial results for the year 2023. The company of a former professional football player Ivo Ulich in it, it reached 156.7 million crowns in sales, which is 12 million less than in 2022.
Operating profit EBITDA, i.e. profit before interest, taxes and depreciation, increased by 46 percent year-on-year to 47.3 million crowns after a significant decrease in profitability in 2022. The company also significantly improved net profit compared to 2022 due to lower costs. She earned 36.3 million crowns.
M&T 1997 shares are traded on the Start market of the Prague Stock Exchange, which is intended for medium and small enterprises. Since June 2022, when the company entered the stock exchange, the shares have recorded a drop of three percent to a price of 29 thousand crowns per piece, which values the company at 371.2 million crowns.
The M&T 1997 share is the most expensive stock on the Prague Stock Exchange in terms of unit price, even surpassing the price of the Philip Morris Czech Republic share, which costs almost 16,000 crowns.
The Board of Directors of M&T 1997 expects to pay dividends again this year. Last year, it amounted to 1,250 crowns per share.
The company will announce the final financial results, the proposal for dividend payment together with the economic outlook at the next investor presentation Start day, which will be held on June 4-5.
