By Helgi Library - April 2, 2020
Brose Czech Republic's total assets reached CZK 8,948 mil at the end of 2015, up 12.2% compared to the previous year. ...
By Helgi Library - April 2, 2020
Brose Czech Republic's total assets reached CZK 8,948 mil at the end of 2015, up 12.2% compared to the previous year. ...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | CZK mil | 11,938 | 13,959 | 16,188 |
| Gross Profit | CZK mil | 1,814 | 2,112 | 2,769 |
| EBITDA | CZK mil | 919 | 1,059 | 1,299 |
| EBIT | CZK mil | 383 | 440 | 625 |
| Financing Cost | CZK mil | -58.0 | 51.0 | 58.3 |
| Pre-Tax Profit | CZK mil | 441 | 389 | 566 |
| Net Profit | CZK mil | 350 | 319 | 456 |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | CZK mil | 7,460 | 7,976 | 8,948 |
| Non-Current Assets | CZK mil | 4,260 | 4,438 | 4,669 |
| Current Assets | CZK mil | 3,197 | 3,536 | 4,277 |
| Working Capital | CZK mil | 1,705 | 1,647 | 2,332 |
| Shareholders' Equity | CZK mil | 5,499 | 5,840 | 6,299 |
| Liabilities | CZK mil | 1,961 | 2,135 | 2,649 |
| Total Debt | CZK mil | 9.63 | 0 | 0 |
| Net Debt | CZK mil | -31.8 | -158 | -191 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 6.56 | 5.63 | 7.51 |
| ROCE | % | 6.25 | 5.30 | 6.97 |
| Gross Margin | % | 15.2 | 15.1 | 17.1 |
| EBITDA Margin | % | 7.70 | 7.59 | 8.03 |
| EBIT Margin | % | 3.21 | 3.15 | 3.86 |
| Net Margin | % | 2.94 | 2.29 | 2.82 |
| Net Debt/EBITDA | -0.035 | -0.149 | -0.147 | |
| Net Debt/Equity | -0.006 | -0.027 | -0.030 | |
| Cost of Financing | % | -1,206 | 1,059 | ... |
| Cash Flow | 2013 | 2014 | 2015 | |
| Cash Conversion Cycle | days | 50.0 | 41.0 | 51.2 |
| Cash Earnings | CZK mil | 887 | 938 | 1,130 |
Get all company financials in excel:
| summary | Unit | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||
| Sales | CZK mil | 4,982 | 7,270 | 11,207 | 11,382 | 11,938 | |||
| Gross Profit | CZK mil | 1,339 | 1,677 | 1,709 | 1,813 | 1,814 | |||
| EBIT | CZK mil | 538 | 614 | 665 | 471 | 383 | |||
| Net Profit | CZK mil | 392 | 422 | 540 | 352 | 350 | |||
| ROE | % | 9.07 | 9.86 | 11.6 | 7.05 | 6.56 | |||
| EBIT Margin | % | 10.8 | 8.44 | 5.93 | 4.13 | 3.21 | |||
| Net Margin | % | 7.87 | 5.81 | 4.82 | 3.09 | 2.94 | |||
| Employees | 1,006 | 1,124 | 1,641 | 2,011 | 1,983 | ||||
| balance sheet | |||||||||
| Total Assets | CZK mil | 5,073 | 6,092 | 6,885 | 6,887 | 7,460 | |||
| Non-Current Assets | CZK mil | 2,756 | 2,955 | 3,251 | 3,737 | 4,260 | |||
| Current Assets | CZK mil | 2,307 | 3,129 | 3,627 | 3,145 | 3,197 | |||
| Shareholders' Equity | CZK mil | 4,065 | 4,497 | 4,801 | 5,181 | 5,499 | |||
| Liabilities | CZK mil | 1,008 | 1,595 | 2,084 | 1,706 | 1,961 | |||
| Non-Current Liabilities | CZK mil | 100 | 113 | 161 | 196 | 213 | |||
| Current Liabilities | CZK mil | 642 | 1,191 | 1,810 | 1,403 | 1,522 | |||
| Net Debt/EBITDA | -0.085 | -0.155 | 0.081 | -0.044 | -0.035 | ||||
| Net Debt/Equity | -0.019 | -0.035 | 0.019 | -0.008 | -0.006 | ||||
| Cost of Financing | % | ... | 437 | ... | -10.4 | 28.4 | -1,206 | ... |
| income statement | Unit | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||
| Sales | CZK mil | 4,982 | 7,270 | 11,207 | 11,382 | 11,938 | |||
| Cost of Goods & Services | CZK mil | 3,643 | 5,593 | 9,498 | 9,569 | 10,124 | |||
| Gross Profit | CZK mil | 1,339 | 1,677 | 1,709 | 1,813 | 1,814 | |||
| Staff Cost | CZK mil | 496 | 569 | 810 | 937 | 967 | |||
| Other Cost | CZK mil | -68.8 | 94.6 | -215 | -107 | -73.2 | |||
| EBITDA | CZK mil | 912 | 1,014 | 1,115 | 983 | 919 | |||
| Depreciation | CZK mil | 374 | 400 | 450 | 512 | 536 | |||
| EBIT | CZK mil | 538 | 614 | 665 | 471 | 383 | |||
| Financing Cost | CZK mil | 38.1 | 83.0 | -9.89 | 27.0 | -58.0 | |||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | CZK mil | 500 | 531 | 675 | 444 | 441 | |||
| Tax | CZK mil | 108 | 109 | 134 | 91.9 | 90.8 | |||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||
| Net Profit | CZK mil | 392 | 422 | 540 | 352 | 350 | |||
| growth rates | |||||||||
| Total Revenue Growth | % | ... | -14.1 | 45.9 | 54.2 | 1.56 | 4.89 | ||
| Operating Cost Growth | % | ... | -18.1 | 55.4 | -10.3 | 39.6 | 7.73 | ||
| EBITDA Growth | % | ... | 7.17 | 11.2 | 9.89 | -11.8 | -6.44 | ||
| EBIT Growth | % | ... | -3.47 | 14.1 | 8.33 | -29.2 | -18.6 | ||
| Pre-Tax Profit Growth | % | ... | -19.6 | 6.23 | 27.1 | -34.3 | -0.517 | ||
| Net Profit Growth | % | ... | -18.7 | 7.75 | 28.0 | -34.9 | -0.356 | ||
| ratios | |||||||||
| ROE | % | 9.07 | 9.86 | 11.6 | 7.05 | 6.56 | |||
| ROCE | % | ... | 10.7 | 11.0 | 11.5 | 6.58 | 6.25 | ||
| Gross Margin | % | 26.9 | 23.1 | 15.3 | 15.9 | 15.2 | |||
| EBITDA Margin | % | 18.3 | 14.0 | 9.95 | 8.63 | 7.70 | |||
| EBIT Margin | % | 10.8 | 8.44 | 5.93 | 4.13 | 3.21 | |||
| Net Margin | % | 7.87 | 5.81 | 4.82 | 3.09 | 2.94 | |||
| Cost of Financing | % | ... | 437 | ... | -10.4 | 28.4 | -1,206 | ... | |
| Net Debt/EBITDA | -0.085 | -0.155 | 0.081 | -0.044 | -0.035 |
| balance sheet | Unit | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | |||||||||
| Non-Current Assets | CZK mil | 2,756 | 2,955 | 3,251 | 3,737 | 4,260 | |||
| Property, Plant & Equipment | CZK mil | 2,754 | 2,955 | 3,250 | 3,735 | 4,257 | |||
| Intangible Assets | CZK mil | 1.85 | 0.539 | 1.81 | 2.08 | 3.05 | |||
| Current Assets | CZK mil | 2,307 | 3,129 | 3,627 | 3,145 | 3,197 | |||
| Inventories | CZK mil | 496 | 809 | 1,207 | 1,153 | 973 | |||
| Receivables | CZK mil | 1,014 | 1,221 | 2,060 | 1,607 | 2,091 | |||
| Cash & Cash Equivalents | CZK mil | 77.3 | 157 | 99.8 | 42.9 | 41.4 | |||
| Total Assets | CZK mil | 5,073 | 6,092 | 6,885 | 6,887 | 7,460 | |||
| Shareholders' Equity | CZK mil | 4,065 | 4,497 | 4,801 | 5,181 | 5,499 | |||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||
| Liabilities | CZK mil | 1,008 | 1,595 | 2,084 | 1,706 | 1,961 | |||
| Non-Current Liabilities | CZK mil | 100 | 113 | 161 | 196 | 213 | |||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||
| Deferred Tax Liabilities | CZK mil | 100 | 113 | 161 | 196 | 213 | |||
| Current Liabilities | CZK mil | 642 | 1,191 | 1,810 | 1,403 | 1,522 | |||
| Short-Term Debt | CZK mil | 0 | 0 | 191 | 0 | 9.63 | |||
| Trade Payables | CZK mil | 495 | 1,045 | 1,069 | 1,256 | 1,359 | |||
| Provisions | CZK mil | 225 | 269 | 96.8 | 94.7 | 111 | |||
| Equity And Liabilities | CZK mil | 5,073 | 6,092 | 6,885 | 6,887 | 7,460 | |||
| growth rates | |||||||||
| Total Asset Growth | % | ... | -11.0 | 20.1 | 13.0 | 0.022 | 8.33 | ||
| Shareholders' Equity Growth | % | ... | -11.3 | 10.6 | 6.76 | 7.91 | 6.15 | ||
| Net Debt Growth | % | ... | -6.36 | 103 | -158 | -147 | -25.9 | ||
| Total Debt Growth | % | ... | -100 | ... | ... | -100 | ... | ... | |
| ratios | |||||||||
| Total Debt | CZK mil | 0 | 0 | 191 | 0 | 9.63 | |||
| Net Debt | CZK mil | -77.3 | -157 | 90.8 | -42.9 | -31.8 | |||
| Working Capital | CZK mil | 1,015 | 985 | 2,198 | 1,505 | 1,705 | |||
| Capital Employed | CZK mil | 3,771 | 3,941 | 5,449 | 5,242 | 5,965 | |||
| Net Debt/Equity | -0.019 | -0.035 | 0.019 | -0.008 | -0.006 | ||||
| Cost of Financing | % | ... | 437 | ... | -10.4 | 28.4 | -1,206 | ... |
| cash flow | Unit | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | |||||||||
| Net Profit | CZK mil | 392 | 422 | 540 | 352 | 350 | |||
| Depreciation | CZK mil | 374 | 400 | 450 | 512 | 536 | |||
| ratios | |||||||||
| Days Sales Outstanding | days | 74.3 | 61.3 | 67.1 | 51.6 | 63.9 | |||
| Days Sales Of Inventory | days | 49.7 | 52.8 | 46.4 | 44.0 | 35.1 | |||
| Days Payable Outstanding | days | 49.6 | 68.2 | 41.1 | 47.9 | 49.0 | |||
| Cash Conversion Cycle | days | 74.4 | 45.9 | 72.4 | 47.6 | 50.0 | |||
| Cash Earnings | CZK mil | 766 | 823 | 990 | 864 | 887 |
| other data | Unit | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | |||||||||
| ROA | % | 7.28 | 7.56 | 8.33 | 5.11 | 4.88 | |||
| Gross Margin | % | 26.9 | 23.1 | 15.3 | 15.9 | 15.2 | |||
| Employees | 1,006 | 1,124 | 1,641 | 2,011 | 1,983 | ||||
| Cost Per Employee | USD per month | 2,154 | 2,206 | 2,326 | 1,986 | 2,078 | |||
| Cost Per Employee (Local Currency) | CZK per month | 41,051 | 42,151 | 41,131 | 38,840 | 40,658 | |||
| Staff Cost (As % Of Total Cost) | % | 11.2 | 8.54 | 7.68 | 8.59 | 8.37 | |||
| Effective Tax Rate | % | 21.6 | 20.5 | 19.9 | 20.7 | 20.6 | |||
| Domestic Sales | CZK mil | ... | 18.1 | 132 | 394 | 379 | 474 | ||
| Revenues From Abroad | CZK mil | ... | 4,915 | 7,073 | 10,687 | 11,004 | 11,481 | ||
| Revenues From Abroad (As % Of Total) | % | ... | 98.7 | 97.3 | 95.4 | 96.7 | 96.2 |
Get all company financials in excel:
Brose CZ is a Czech Republic-based subsidiary of Brose, the world’s fifth-largest family-owned automotive supplier. The Czech subsidiary was founded in 2004 in Koprivnice. It produces drives for HVAC blowers, EBS motors, seat structures, side-door and liftgate latches, seat adjusters and other seat components, among others. It exports more than 95% of its production mainly to car producers such as Audi, BMW, Daimler, Volkswagen or Volvo. Globally, there are about 24,000 Brose employees working at 60 locations in 23 countries generating a turnover of more than EUR 5.2 bil.
Brose Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 5.08% a year during that time to total of CZK 1,299 mil in 2015, or 8.03% of sales. That’s compared to 8.38% average margin seen in last five years.
The company netted CZK 456 mil in 2015 implying ROE of 7.51% and ROCE of 6.97%. Again, the average figures were 7.67% and 7.32%, respectively when looking at the previous 5 years.
Brose Czech Republic’s net debt amounted to CZK -191 mil at the end of 2015, or -0.030 of equity. When compared to EBITDA, net debt was -0.147x, down when compared to average of -0.059x seen in the last 5 years.
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