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Borealis Revenue

Borealis revenue was €8.1 b in FY, 2019 which is a 2.8% year over year decrease from the previous period.

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Summary - Funding Rounds

Founding Date

1994
Borealis is a subsidiary of Mubadala

Borealis Revenue Breakdown

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Borealis revenue breakdown by business segment: 63.5% from Polyolefins, 18.4% from Base Chemicals, 15.6% from Borealis NITRO and 2.6% from Other

Borealis revenue breakdown by geographic segment: 74.4% from EU Countries, 6.0% from Middle East and Asia, 9.7% from Non-EU Countries in Europe, 7.1% from Other and 2.8% from Other

Borealis Income Statement

Annual

EURFY, 2017FY, 2018FY, 2019

Revenue

7.6b8.3b8.1b

Revenue growth, %

10%(3%)

Cost of goods sold

5.8b6.8b6.4b

Gross profit

1.8b1.5b1.7b

Gross profit Margin, %

24%18%21%

Sales and marketing expense

673.0m703.7m717.1m

R&D expense

138.4m127.7m144.6m

General and administrative expense

219.6m226.3m249.5m

Operating expense total

1.0b1.1b1.1b

EBIT

790.7m495.9m604.5m

EBIT margin, %

10%6%7%

Interest expense

45.1m39.0m39.4m

Interest income

4.4m6.1m13.3m

Pre tax profit

1.3b1.1b953.8m

Income tax expense

172.8m164.0m81.8m

Net Income

1.1b906.2m872.0m

Half Year

EURH1, 2018H1, 2019H1, 2020

Revenue

4.2b4.3b3.5b

Cost of goods sold

3.3b3.4b2.8b

Gross profit

893.4m876.7m657.1m

Gross profit Margin, %

21%20%19%

Sales and marketing expense

346.4m359.8m352.0m

R&D expense

65.4m67.1m82.8m

General and administrative expense

108.9m109.7m118.5m

Operating expense total

520.6m536.6m553.3m

EBIT

396.2m340.1m103.7m

EBIT margin, %

9%8%3%

Pre tax profit

641.3m551.7m235.6m

Income tax expense

108.5m24.1m20.4m

Net Income

532.9m527.6m215.2m

Borealis Balance Sheet

Annual

EURFY, 2017FY, 2018FY, 2019

Cash

229.1m72.3m106.3m

Accounts Receivable

574.0m691.0m749.9m

Inventories

1.2b1.2b1.1b

Current Assets

2.6b2.7b2.4b

PP&E

2.9b2.9b2.9b

Goodwill

142.0m159.0m159.0m

Total Assets

9.4b9.9b10.1b

Accounts Payable

797.8m852.5m746.5m

Short-term debt

174.9m651.1m268.1m

Current Liabilities

1.4b2.0b1.5b

Long-term debt

844.2m726.5m1.4b

Non-Current Liabilities

1.6b1.5b2.2b

Total Debt

1.0b1.4b1.7b

Total Liabilities

3.0b3.5b3.7b

Common Stock

1.6b1.6b1.6b

Retained Earnings

4.9b4.8b4.8b

Total Equity

6.4b6.4b6.5b

Debt to Equity Ratio

0.2 x0.2 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x

Financial Leverage

1.5 x1.5 x1.6 x

Half Year

EURH1, 2018H1, 2019H1, 2020

Cash

86.1m142.9m148.2m

Accounts Receivable

736.3m870.7m628.1m

Inventories

1.1b1.1b903.8m

Current Assets

2.6b2.7b2.0b

PP&E

2.9b2.8b3.1b

Total Assets

9.6b10.3b10.3b

Accounts Payable

779.8m827.1m650.4m

Short-term debt

429.4m579.8m463.9m

Current Liabilities

1.7b2.0b1.6b

Long-term debt

830.6m1.0b1.6b

Non-Current Liabilities

1.6b1.8b2.4b

Total Debt

1.3b1.6b2.1b

Total Liabilities

3.3b3.8b4.0b

Common Stock

1.6b1.6b1.6b

Retained Earnings

4.7b4.9b4.7b

Total Equity

6.3b6.5b6.3b

Debt to Equity Ratio

0.2 x0.2 x0.3 x

Debt to Assets Ratio

0.1 x0.2 x0.2 x

Financial Leverage

1.5 x1.6 x1.6 x

Borealis Cash Flow

Annual

EURFY, 2017FY, 2018FY, 2019

Cash From Operating Activities

725.1m517.5m873.2m

Purchases of PP&E

(453.2m)(326.3m)(375.8m)

Capital Expenditures

(51.8m)(93.8m)(95.0m)

Cash From Investing Activities

(140.7m)(25.7m)(41.3m)

Short-term Borrowings

(497.1m)(374.6m)(768.9m)

Long-term Borrowings

(38.7m)

Dividends Paid

(751.0m)(1.0b)(825.6m)

Cash From Financing Activities

(1.1b)(648.1m)(797.9m)

Net Change in Cash

(532.2m)(156.3m)33.9m

Interest Paid

41.7m35.7m40.4m

Income Taxes Paid

259.7m154.1m225.0m

Free Cash Flow

673.3m423.7m778.2m

Half Year

EURH1, 2018H1, 2019H1, 2020

Cash From Operating Activities

279.8m399.4m598.2m

Purchases of PP&E

(140.5m)(134.1m)(277.2m)

Capital Expenditures

(23.7m)(33.7m)(35.0m)

Cash From Investing Activities

41.2m74.9m(686.9m)

Short-term Borrowings

(129.5m)(360.6m)(146.9m)

Long-term Borrowings

(17.8m)(21.5m)

Dividends Paid

(700.0m)(400.0m)(300.0m)

Cash From Financing Activities

(463.5m)(403.8m)131.2m

Net Change in Cash

(142.4m)40.5m42.5m

Interest Paid

17.7m14.8m20.5m

Income Taxes Paid

87.8m100.4m53.6m

Free Cash Flow

256.1m365.7m563.2m

Borealis Ratios

EURFY, 2017

Revenue/Employee

1.2m

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x

Borealis Operating Metrics

H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019Feb, 2020H1, 2020

Countries (Customers)

120120120120120

Feedstock for Fertilizer Production, kilotonnes

1.43 k1.35 k

Feedstock for Olefins Production, gigawatt hours

14.78 k

Feedstock for Olefins Production, kilotonnes

2.39 k2.56 k2.93 k

Fertilizer Capacity, tonnes

1.7 m

Fertilizers Consumed (Big Bags), kg per 1000 kg Produced Material

0.590.530.96

Fertilizers Consumed (Form Fill Seal), kg per 1000 kg Produced Material

0.220.130.09

Industries Served

6777777

New Patents

106120

Olefins for Polyolefin Production, kilotonnes

1.38 k1.42 k1.52 k

Patent Families

1.6 k1.6 k

Patents Issued

6.4 k6.9 k

Patents Pending

2.8 k3 k

Polyolefins Consumed (Big Bags), kg per 1000 kg Produced Material

3.913.93

Polyolefins Consumed (Carton), kg per 1000 kg Produced Material

13.3913.86

Polyolefins Consumed (Form Fill Seal), kg per 1000 kg Produced Material

4.364.29

Polyolefins Consumed (Other Materials), kg per 1000 kg Produced Material

1.011.14

Polyolefins Production, tonnes

4.5 m

Suppliers (Raw Materials and Packaging)

700700

Technical Suppliers

6.5 k6.5 k6.5 k

Total Fertilizers Consumed, kg per 1000 kg Produced Material

0.820.661.05

Total Polyolefins Consumed, kg per 1000 kg Produced Material

22.6723.22

Vendors

10 k10 k7 k

Borealis Human Capital

Borealis's employees are reported to be approximately 18% female and 82% male.
FY, 2019FY, 2018FY, 2017
Male78.2%78.3%77.6%
Female17.3%16.9%16.3%
Other4.4%4.8%6.2%

Borealis Employee Rating

3.7114 votes
Culture & Values
3.9
Work/Life Balance
3.4
Senior Management
3.1
Salary & Benefits
4.2
Career Opportunities
3.2
Source