Business
Control the financial weather: close to NIS 1 billion in revenue for Tadiran in 2020
Tadiran presents record results in 2020 with close to NIS 1 billion in revenue and about NIS 101 million in net profit.
One of the growth engines for 2021 is Air Care O2, a groundbreaking global patent for air treatment, which arouses great interest among leading air conditioning companies in the world, against the background of the Corona crisis
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Tadiran
Moshe Mamrod
Air conditioning
Walla!
Business
Monday, 08 March 2021, 14:57 Updated: 15:17
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Tadiran reported today the results of 2020, which show a large improvement in all indices compared to 2019:
Revenues grew by 15.9% to NIS 989.5 million, compared with NIS 853.6 million in 2019.
Gross profit increased by 26.6% and amounted to approx. NIS 281.8 million and its rate increased to approximately 28.5% of revenues, EBITDA grew by approximately 46.8% to a peak of approximately NIS 161 million.
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Moshe Mamrod, CEO of Tadiran (Photo: Sivan Farage)
The target is two years ahead of schedule
Moshe Mamrod
, the company's CEO and controlling shareholder, said: "We sum up 2020 as a record year with excellent results with the continuation of the upward trend in quantitative and financial air conditioner sales.
We continue to be the first choice of customers and expand our market share.
A few weeks ago we launched an innovative product that includes a unique patent that purifies the air and kills about 99.999% of the bacteria and viruses in enclosed spaces.
The new technology has been tested and approved by an FDA-approved lab and we see it as a significant growth engine.
We also entered the growing field of renewable energy this year with the acquisition of 75% of Tadiran Solar.
"Following the progress in the implementation of the strategy, the company announces the advancement of the target date for the implementation of the strategic plan by two years - to 2023. Tadiran focuses on leading the activity markets through investment in product development, business development and realization of growth potential."
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