By Helgi Library - April 2, 2020
Gordic's total assets reached CZK 432 mil at the end of 2017, down 10.5% compared to the previous year. Current as...
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GORDIC spol. s r. o. is a Czech Republic-based producer and provider of information systems. The Company specializes on development and delivery of software including complex user support in the field of public institutions and banking. During more than 20 years of existence, the Company has established a broad portfolio of clients, especially in the public sector. Company's key product is GINIS application system, which include Economic administration and budgeting systems for public organizations (ERP), Document Record Management System (DRMS) and Management of registers and administration systems having the character of CRM systems for public administration.
Gordic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 18.8% a year during that time to total of CZK 16.8 mil in 2017, or 2.88% of sales. That’s compared to 7.35% average margin seen in last five years.
The company netted CZK 8.94 mil in 2017 implying ROE of 2.92% and ROCE of 12.5%. Again, the average figures were 10.3% and 160%, respectively when looking at the previous 5 years.
Gordic’s net debt amounted to CZK -287 mil at the end of 2017, or -99.2% of equity. When compared to EBITDA, net debt was -17.0x, down when compared to average of -10.4x seen in the last 5 years.
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