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G. Willi Food-International Ltd. Message Board

  • phishph982 phishph982 Apr 9, 2008 11:48 AM Flag

    Margin Estimates

    Sales for Q1 2007 were $17.2 million and gross profit was 29.1% - total gross profit of $5 million.

    For total FY 2007 margins were 20%. Q4 2007 was obviously on the lower end of the spectrum.

    A 45% increase in revenues for Q1 2008 gives us revenues of $24.94 million. If margins stay at the average for 2007, 20%, then our total gross profit is $4.98 million - about flat with 2007 despite the increase in sales.

    Here's the kicker - the majority of WILC sales occur in Israel and are denominated in shekels. The shekel has appreciated 20% against the dollar since May 2008. Ergo we may be facing gross profits of $4 million.

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