By Helgi Library - April 2, 2020
Ceska Posta's total assets reached CZK 20,222 mil at the end of 2017, down 2.96% compared to the previous year. Cu...
By Helgi Library - April 2, 2020
Ceska Posta's total assets reached CZK 20,222 mil at the end of 2017, down 2.96% compared to the previous year. Cu...
Profit Statement | 2015 | 2016 | 2017 | |
Sales | CZK mil | 19,274 | 18,283 | 17,788 |
Gross Profit | CZK mil | 13,124 | 13,351 | 13,373 |
EBITDA | CZK mil | 1,121 | 1,030 | 920 |
EBIT | CZK mil | 277 | 221 | 88.0 |
Financing Cost | CZK mil | -24.0 | 12.0 | -22.0 |
Pre-Tax Profit | CZK mil | 302 | 209 | 110 |
Net Profit | CZK mil | 241 | 179 | 98.0 |
Dividends | CZK mil | 0 | 0 | ... |
Balance Sheet | 2015 | 2016 | 2017 | |
Total Assets | CZK mil | 22,517 | 20,838 | 20,222 |
Non-Current Assets | CZK mil | 9,950 | 9,831 | 9,705 |
Current Assets | CZK mil | 12,434 | 10,935 | 10,397 |
Working Capital | CZK mil | -5,507 | -1,062 | 35.0 |
Shareholders' Equity | CZK mil | 10,492 | 10,191 | 10,119 |
Liabilities | CZK mil | 12,025 | 10,647 | 10,103 |
Total Debt | CZK mil | 59.0 | 513 | 861 |
Net Debt | CZK mil | -8,866 | -5,865 | -4,423 |
Ratios | 2015 | 2016 | 2017 | |
ROE | % | 2.31 | 1.73 | 0.965 |
ROCE | % | 10.2 | 2.71 | 1.06 |
Gross Margin | % | 68.1 | 73.0 | 75.2 |
EBITDA Margin | % | 5.82 | 5.63 | 5.17 |
EBIT Margin | % | 1.44 | 1.21 | 0.495 |
Net Margin | % | 1.25 | 0.979 | 0.551 |
Net Debt/EBITDA | -7.91 | -5.69 | -4.81 | |
Net Debt/Equity | % | -84.5 | -57.6 | -43.7 |
Cost of Financing | % | -40.0 | 4.20 | -3.20 |
Cash Flow | 2015 | 2016 | 2017 | |
Total Cash From Operations | CZK mil | -3,678 | -1,669 | -499 |
Total Cash From Investing | CZK mil | -365 | -660 | -476 |
Total Cash From Financing | CZK mil | -153 | -218 | -169 |
Net Change In Cash | CZK mil | -4,196 | -2,547 | -1,144 |
Cash Conversion Cycle | days | -377 | -304 | -302 |
Cash Earnings | CZK mil | 1,085 | 988 | 930 |
Free Cash Flow | CZK mil | -4,043 | -2,329 | -975 |
Get all company financials in excel:
summary | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
income statement | |||||||||||||||||||||||
Sales | CZK mil | ... | ... | ... | ... | ... | ... | ... | 20,073 | 19,724 | 19,410 | 18,896 | 19,274 | ||||||||||
Gross Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | 14,554 | 14,139 | 13,800 | 13,200 | 13,124 | ||||||||||
EBIT | CZK mil | ... | ... | ... | ... | ... | ... | ... | 366 | 251 | 266 | 193 | 277 | ||||||||||
Net Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | 338 | 261 | 250 | 207 | 241 | ||||||||||
ROE | % | ... | ... | ... | ... | ... | ... | ... | 3.35 | 2.55 | 2.42 | 1.99 | 2.31 | ||||||||||
EBIT Margin | % | ... | ... | ... | ... | ... | ... | ... | 1.82 | 1.27 | 1.37 | 1.02 | 1.44 | ||||||||||
Net Margin | % | ... | ... | ... | ... | ... | ... | ... | 1.68 | 1.32 | 1.29 | 1.10 | 1.25 | ||||||||||
Employees | 27,936 | 28,546 | 31,512 | 30,418 | 30,194 | ||||||||||||||||||
balance sheet | |||||||||||||||||||||||
Total Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | 21,775 | 26,766 | 26,679 | 26,096 | 22,517 | ||||||||||
Non-Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | 10,027 | 10,572 | 11,022 | 10,248 | 9,950 | ||||||||||
Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | 11,620 | 16,101 | 1,546 | 15,755 | 12,434 | ||||||||||
Shareholders' Equity | CZK mil | ... | ... | ... | ... | ... | ... | ... | 10,159 | 10,281 | 10,365 | 10,402 | 10,492 | ||||||||||
Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 11,616 | 16,485 | 16,314 | 15,694 | 12,025 | ||||||||||
Non-Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 225 | 272 | 378 | 382 | 326 | ||||||||||
Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 9,682 | 14,831 | 14,766 | 14,376 | 10,520 | ||||||||||
Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | ... | -6.52 | -10.7 | -9.99 | -11.9 | -7.91 | |||||||||||
Net Debt/Equity | % | ... | ... | ... | ... | ... | ... | ... | -84.8 | -127 | -123 | -126 | -84.5 | ||||||||||
Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | -156 | -175 | -45.3 | -47.5 | -40.0 | |||||||||
cash flow | |||||||||||||||||||||||
Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | 1,407 | 5,856 | 1,446 | 1,062 | -3,678 | ||||||||||
Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | -976 | -1,241 | -1,509 | -653 | -365 | ||||||||||
Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | -167 | -166 | -165 | -159 | -153 | ||||||||||
Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | 264 | 4,449 | -228 | 250 | -4,196 |
income statement | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
income statement | |||||||||||||||||||||||
Sales | CZK mil | ... | ... | ... | ... | ... | ... | ... | 20,073 | 19,724 | 19,410 | 18,896 | 19,274 | ||||||||||
Cost of Goods & Services | CZK mil | ... | ... | ... | ... | ... | ... | ... | 5,519 | 5,585 | 5,610 | 5,696 | 6,150 | ||||||||||
Gross Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | 14,554 | 14,139 | 13,800 | 13,200 | 13,124 | ||||||||||
Staff Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | 12,741 | 12,425 | 12,232 | 11,831 | 11,886 | ||||||||||
Other Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | 491 | 487 | 294 | 268 | 117 | ||||||||||
EBITDA | CZK mil | ... | ... | ... | ... | ... | ... | ... | 1,322 | 1,227 | 1,274 | 1,101 | 1,121 | ||||||||||
Depreciation | CZK mil | ... | ... | ... | ... | ... | ... | ... | 956 | 976 | 1,008 | 908 | 844 | ||||||||||
EBIT | CZK mil | ... | ... | ... | ... | ... | ... | ... | 366 | 251 | 266 | 193 | 277 | ||||||||||
Financing Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | -53.0 | -55.0 | -39.0 | -48.0 | -24.0 | ||||||||||
Extraordinary Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | -1.00 | ||||||||||
Pre-Tax Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | 419 | 306 | 305 | 241 | 302 | ||||||||||
Tax | CZK mil | ... | ... | ... | ... | ... | ... | ... | 81.0 | 45.0 | 55.0 | 34.0 | 61.0 | ||||||||||
Minorities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||
Net Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | 338 | 261 | 250 | 207 | 241 | ||||||||||
Dividends | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | ... | |
growth rates | |||||||||||||||||||||||
Total Revenue Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 0.050 | -1.74 | -1.59 | -2.65 | 2.00 | |||||||||
Operating Cost Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | -3.85 | -2.42 | -2.99 | -3.41 | -0.793 | |||||||||
EBITDA Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 32.5 | -7.19 | 3.83 | -13.6 | 1.82 | |||||||||
EBIT Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 84.8 | -31.4 | 5.98 | -27.4 | 43.5 | |||||||||
Pre-Tax Profit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 59.3 | -27.0 | -0.327 | -21.0 | 25.3 | |||||||||
Net Profit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 57.9 | -22.8 | -4.21 | -17.2 | 16.4 | |||||||||
ratios | |||||||||||||||||||||||
ROE | % | ... | ... | ... | ... | ... | ... | ... | 3.35 | 2.55 | 2.42 | 1.99 | 2.31 | ||||||||||
ROCE | % | ... | ... | ... | ... | ... | ... | ... | ... | 5.63 | 7.34 | 23.6 | 41.0 | 10.2 | |||||||||
Gross Margin | % | ... | ... | ... | ... | ... | ... | ... | 72.5 | 71.7 | 71.1 | 69.9 | 68.1 | ||||||||||
EBITDA Margin | % | ... | ... | ... | ... | ... | ... | ... | 6.59 | 6.22 | 6.56 | 5.83 | 5.82 | ||||||||||
EBIT Margin | % | ... | ... | ... | ... | ... | ... | ... | 1.82 | 1.27 | 1.37 | 1.02 | 1.44 | ||||||||||
Net Margin | % | ... | ... | ... | ... | ... | ... | ... | 1.68 | 1.32 | 1.29 | 1.10 | 1.25 | ||||||||||
Payout Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | ... | |
Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | -156 | -175 | -45.3 | -47.5 | -40.0 | |||||||||
Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | ... | -6.52 | -10.7 | -9.99 | -11.9 | -7.91 |
balance sheet | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
balance sheet | |||||||||||||||||||||||
Non-Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | 10,027 | 10,572 | 11,022 | 10,248 | 9,950 | ||||||||||
Property, Plant & Equipment | CZK mil | ... | ... | ... | ... | ... | ... | ... | 8,910 | 9,315 | 9,852 | 9,492 | 9,299 | ||||||||||
Intangible Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | 516 | 617 | 539 | 458 | 335 | ||||||||||
Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | 11,620 | 16,101 | 1,546 | 15,755 | 12,434 | ||||||||||
Inventories | CZK mil | ... | ... | ... | ... | ... | ... | ... | 212 | 253 | 234 | 224 | 317 | ||||||||||
Receivables | CZK mil | ... | ... | ... | ... | ... | ... | ... | 2,758 | 2,749 | 1,409 | 1,266 | 1,234 | ||||||||||
Cash & Cash Equivalents | CZK mil | ... | ... | ... | ... | ... | ... | ... | 8,650 | 13,099 | 12,871 | 13,121 | 8,925 | ||||||||||
Total Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | 21,775 | 26,766 | 26,679 | 26,096 | 22,517 | ||||||||||
Shareholders' Equity | CZK mil | ... | ... | ... | ... | ... | ... | ... | 10,159 | 10,281 | 10,365 | 10,402 | 10,492 | ||||||||||
Of Which Minority Interest | CZK mil | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||||||
Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 11,616 | 16,485 | 16,314 | 15,694 | 12,025 | ||||||||||
Non-Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 225 | 272 | 378 | 382 | 326 | ||||||||||
Long-Term Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 51.0 | 26.0 | 23.0 | ||||||||||
Deferred Tax Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 327 | 356 | 303 | ||||||||||
Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 9,682 | 14,831 | 14,766 | 14,376 | 10,520 | ||||||||||
Short-Term Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | 32.0 | 31.0 | 90.0 | 35.0 | 36.0 | ||||||||||
Trade Payables | CZK mil | ... | ... | ... | ... | ... | ... | ... | 7,277 | 12,182 | 11,938 | 11,456 | 7,058 | ||||||||||
Provisions | CZK mil | ... | ... | ... | ... | ... | ... | ... | 935 | 782 | 537 | 357 | 627 | ||||||||||
Equity And Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | 21,775 | 26,766 | 26,679 | 26,096 | 22,517 | ||||||||||
growth rates | |||||||||||||||||||||||
Total Asset Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 2.19 | 22.9 | -0.325 | -2.19 | -13.7 | |||||||||
Shareholders' Equity Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 1.49 | 1.20 | 0.817 | 0.357 | 0.865 | |||||||||
Net Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 3.21 | 51.6 | -2.59 | 2.59 | -32.1 | |||||||||
Total Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | -11.1 | -3.13 | 355 | -56.7 | -3.28 | |||||||||
ratios | |||||||||||||||||||||||
Total Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | 32.0 | 31.0 | 141 | 61.0 | 59.0 | ||||||||||
Net Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | -8,618 | -13,068 | -12,730 | -13,060 | -8,866 | ||||||||||
Working Capital | CZK mil | ... | ... | ... | ... | ... | ... | ... | -4,307 | -9,180 | -10,295 | -9,966 | -5,507 | ||||||||||
Capital Employed | CZK mil | ... | ... | ... | ... | ... | ... | ... | 5,720 | 1,392 | 727 | 282 | 4,443 | ||||||||||
Net Debt/Equity | % | ... | ... | ... | ... | ... | ... | ... | -84.8 | -127 | -123 | -126 | -84.5 | ||||||||||
Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | -156 | -175 | -45.3 | -47.5 | -40.0 |
cash flow | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
cash flow | |||||||||||||||||||||||
Net Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | 338 | 261 | 250 | 207 | 241 | ||||||||||
Depreciation | CZK mil | ... | ... | ... | ... | ... | ... | ... | 956 | 976 | 1,008 | 908 | 844 | ||||||||||
Non-Cash Items | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | -238 | -254 | -927 | 276 | -304 | |||||||||
Change in Working Capital | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 351 | 4,873 | 1,115 | -329 | -4,459 | |||||||||
Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | 1,407 | 5,856 | 1,446 | 1,062 | -3,678 | ||||||||||
Capital Expenditures | CZK mil | ... | ... | ... | ... | ... | ... | ... | -976 | -1,241 | -1,520 | -1,097 | -375 | ||||||||||
Other Investments | CZK mil | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 11.0 | 444 | 10.0 | ||||||||||
Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | -976 | -1,241 | -1,509 | -653 | -365 | ||||||||||
Dividends Paid | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Issuance Of Shares | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Issuance Of Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | -4.00 | -1.00 | 110 | -80.0 | -2.00 | |||||||||
Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | -167 | -166 | -165 | -159 | -153 | ||||||||||
Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | 264 | 4,449 | -228 | 250 | -4,196 | ||||||||||
ratios | |||||||||||||||||||||||
Days Sales Outstanding | days | ... | ... | ... | ... | ... | ... | ... | 50.2 | 50.9 | 26.5 | 24.5 | 23.4 | ||||||||||
Days Sales Of Inventory | days | ... | ... | ... | ... | ... | ... | ... | 14.0 | 16.5 | 15.2 | 14.4 | 18.8 | ||||||||||
Days Payable Outstanding | days | ... | ... | ... | ... | ... | ... | ... | 481 | 796 | 777 | 734 | 419 | ||||||||||
Cash Conversion Cycle | days | ... | ... | ... | ... | ... | ... | ... | -417 | -729 | -735 | -695 | -377 | ||||||||||
Cash Earnings | CZK mil | ... | ... | ... | ... | ... | ... | ... | 1,294 | 1,237 | 1,258 | 1,115 | 1,085 | ||||||||||
Free Cash Flow | CZK mil | ... | ... | ... | ... | ... | ... | ... | 431 | 4,615 | -63.0 | 409 | -4,043 |
other data | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
other data | |||||||||||||||||||||||
ROA | % | ... | ... | ... | ... | ... | ... | ... | 1.57 | 1.08 | 0.936 | 0.784 | 0.992 | ||||||||||
Gross Margin | % | ... | ... | ... | ... | ... | ... | ... | 72.5 | 71.7 | 71.1 | 69.9 | 68.1 | ||||||||||
Employees | 27,936 | 28,546 | 31,512 | 30,418 | 30,194 | ||||||||||||||||||
Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | 2,149 | 1,854 | 1,653 | 1,517 | 1,374 | ||||||||||
Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | ... | ... | ... | ... | 38,007 | 36,272 | 32,348 | 32,412 | 32,805 | ||||||||||
Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | ... | ... | ... | 64.7 | 63.8 | 63.9 | 63.3 | 62.6 | ||||||||||
Effective Tax Rate | % | ... | ... | ... | ... | ... | ... | ... | 19.3 | 14.7 | 18.0 | 14.1 | 20.2 | ||||||||||
Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | 4.86 | 6.29 | 7.83 | 5.81 | 1.95 |
Get all company financials in excel:
Česká pošta (Czech Post) is the state-owned postal company of the Czech Republic. Having its roots in the Austria's Habsburg Monarchy, the state-owned enterprise Czechoslovak Post has been set up in the early 1925 following the formation of the Czechoslovak state. In 1993 (as the Czechoslovakia split), the Czech Post became a state-owned enterprise with independent financing managed by the Ministry Of Internal Affairs. Nowadays, Česká pošta offers a wide range of postal services through a network of over 3,000 branches employing more than 32,000 persons.
Ceska Posta has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 5.6% a year during that time to total of CZK 920 mil in 2017, or 5.17% of sales. That’s compared to 5.80% average margin seen in last five years.
The company netted CZK 98.0 mil in 2017 implying ROE of 0.965% and ROCE of 1.06%. Again, the average figures were 1.88% and 15.7%, respectively when looking at the previous 5 years.
Ceska Posta’s net debt amounted to CZK -4,423 mil at the end of 2017, or -43.7% of equity. When compared to EBITDA, net debt was -4.81x, up when compared to average of -8.05x seen in the last 5 years.