By Helgi Library - April 2, 2020
AERO Vodochody AEROSPACE's total assets reached CZK 5,385 mil at the end of 2017, down 10.6% compared to the previous year. ...
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AERO Vodochody AEROSPACE a.s. is the largest aerospace manufacturer in the Czech Republic based in Odolena Voda. The Company focuses on cooperation with leading aerospace manufacturers in international aerostructures projects – Sikorsky Aircraft Corporation (S-76C helicopter), Alenia Aeronautica (C-27J Spartan center wing box), Sonaca (Bombardier CSeries Fixed Leading Edge Development & Production), Latecoere (Embraer 170/190 subassemblies), Saab (JAS-39 Gripen pylons), Spirit Aerosystems (B767 fixed leading edge kits), EADS (A320/340 subassemblies), etc. The Military Program of Aero is historically the largest producer of jet training aircraft and a partner to several air forces, particularly the Czech Air Force. The sole shareholder of the Company is private equity group Penta Investments
AERO Vodochody AEROSPACE has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 13.2% a year during that time to total of CZK 216 mil in 2017, or 5.70% of sales. That’s compared to 10.9% average margin seen in last five years.
The company netted CZK -5.90 mil in 2017 implying ROE of -0.393% and ROCE of -0.187%. Again, the average figures were 7.32% and 3.11%, respectively when looking at the previous 5 years.
AERO Vodochody AEROSPACE’s net debt amounted to CZK 2,016 mil at the end of 2017, or 132% of equity. When compared to EBITDA, net debt was 9.33x, up when compared to average of 4.74x seen in the last 5 years.
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