Prazska Energetika

PRE's Cash & Cash Equivalents rose 4.19% yoy to CZK 215 mil in 2015

By Helgi Library - April 2, 2020

Prazska Energetika's total assets reached CZK 21,566 mil at the end of 2015, down 7.41% compared to the previous year. ...

Profit Statement
Balance Sheet
Ratios
Cash Flow

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Pražská Energetika Group (PRE) is the third largest electricity supplier in the Czech Republic. The Company is based in Prague and services more than 750,000 customers in the capital city of the Czech Republic. The Company employes 1,370 persons and supplied approximately 6.3 TWh of electricity on all voltage levels in 2012. The Company's activities include selling and trading of electricity, electricity distribution and auxiliary energy services. History of PRE's close connection with Prague - which has 1.2 mil inhabitants - dates back to 1897, when the company called Electrical Works of the Royal City of Prague was founded; at that time the company's task was the supply of electricity, as well as providing for street lighting and operation of tramways

Finance

Prazska Energetika has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 2.81% a year during that time to total of CZK 4,297 mil in 2015, or 22.9% of sales. That’s compared to 21.5% average margin seen in last five years.

The company netted CZK 2,523 mil in 2015 implying ROE of 17.1% and ROCE of 12.1%. Again, the average figures were 19.6% and 14.4%, respectively when looking at the previous 5 years.

Prazska Energetika’s net debt amounted to CZK 4,048 mil at the end of 2015, or 0.268 of equity. When compared to EBITDA, net debt was 0.942x, up when compared to average of 0.755x seen in the last 5 years.