By Helgi Library - March 13, 2025
CZ a.s. invested a total of CZK 145 mil in 2023, up 41.4% compared to the previous year. Historically, between 2005 - 20...
By Helgi Library - April 2, 2020
CZ Strakonice made a net profit of CZK 39.7 mil in 2015, down 63.7% compared to the previous year. Total sales reached CZK 1,351 mil...
By Helgi Library - April 2, 2020
CZ Strakonice employed 1,326 employees in 2015, down 6.16% compared to the previous year. Historically, between 2004 an...
| Profit Statement | 2021 | 2022 | 2023 | |
| Sales | CZK mil | 1,319 | 1,376 | 1,395 |
| Gross Profit | CZK mil | 520 | 484 | 492 |
| EBITDA | CZK mil | 116 | 90.1 | 97.8 |
| EBIT | CZK mil | 12.1 | -0.102 | -8.86 |
| Financing Cost | CZK mil | ... | ... | 19.2 |
| Pre-Tax Profit | CZK mil | 26.5 | 19.0 | 30.7 |
| Net Profit | CZK mil | 20.7 | 12.7 | 12.8 |
| Balance Sheet | 2021 | 2022 | 2023 | |
| Total Assets | CZK mil | 2,132 | 2,173 | 2,088 |
| Non-Current Assets | CZK mil | 1,136 | 1,148 | 1,187 |
| Current Assets | CZK mil | 978 | 1,006 | 883 |
| Working Capital | CZK mil | 316 | 336 | 336 |
| Shareholders' Equity | CZK mil | 1,652 | 1,695 | 1,690 |
| Liabilities | CZK mil | 480 | 477 | 398 |
| Total Debt | CZK mil | 23.4 | 39.1 | 31.2 |
| Net Debt | CZK mil | -591 | -297 | -307 |
| Ratios | 2021 | 2022 | 2023 | |
| ROE | % | 1.25 | 0.758 | 0.754 |
| ROCE | % | 1.45 | 0.864 | 0.849 |
| Gross Margin | % | 39.4 | 35.2 | 35.3 |
| EBITDA Margin | % | 8.81 | 6.55 | 7.01 |
| EBIT Margin | % | 0.918 | -0.007 | -0.635 |
| Net Margin | % | 1.57 | 0.922 | 0.915 |
| Net Debt/EBITDA | -5.09 | -3.29 | -3.13 | |
| Net Debt/Equity | % | -35.8 | -17.5 | -18.1 |
| Cost of Financing | % | ... | ... | 54.7 |
| Cash Flow | 2021 | 2022 | 2023 | |
| Total Cash From Operations | CZK mil | 98.8 | -192 | 155 |
| Total Cash From Investing | CZK mil | -85.0 | -103 | -145 |
| Total Cash From Financing | CZK mil | -4.11 | 15.7 | -7.89 |
| Net Change In Cash | CZK mil | 9.67 | -279 | 1.81 |
| Cash Conversion Cycle | days | 90.2 | 93.6 | 97.9 |
| Cash Earnings | CZK mil | 125 | 103 | 119 |
| Free Cash Flow | CZK mil | 13.8 | -294 | 9.71 |
Get all company financials in excel:
| overview | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| income statement | |||||||||||||||||||||
| Sales | CZK mil | 1,240 | 1,339 | 1,267 | 1,114 | 1,319 | |||||||||||||||
| Gross Profit | CZK mil | 574 | 573 | 557 | 508 | 520 | |||||||||||||||
| EBIT | CZK mil | 91.9 | 86.2 | 53.3 | 39.5 | 12.1 | |||||||||||||||
| Net Profit | CZK mil | ... | 68.5 | 63.8 | 46.6 | 35.2 | 20.7 | ||||||||||||||
| ROE | % | 4.16 | 3.95 | 2.84 | 2.13 | 1.25 | |||||||||||||||
| EBIT Margin | % | 7.41 | 6.44 | 4.21 | 3.54 | 0.918 | |||||||||||||||
| Net Margin | % | 5.53 | 4.76 | 3.68 | 3.16 | 1.57 | |||||||||||||||
| Employees | ... | ... | ... | ... | ... | ||||||||||||||||
| balance sheet | |||||||||||||||||||||
| Total Assets | CZK mil | 1,935 | 2,003 | 1,968 | 2,016 | 2,132 | |||||||||||||||
| Non-Current Assets | CZK mil | 1,006 | 1,074 | 1,129 | 1,155 | 1,136 | |||||||||||||||
| Current Assets | CZK mil | 911 | 909 | 817 | 839 | 978 | |||||||||||||||
| Shareholders' Equity | CZK mil | 1,597 | 1,630 | 1,647 | 1,662 | 1,652 | |||||||||||||||
| Liabilities | CZK mil | 339 | 372 | 321 | 354 | 480 | |||||||||||||||
| Non-Current Liabilities | CZK mil | 78.9 | 87.5 | 88.8 | 97.3 | 111 | |||||||||||||||
| Current Liabilities | CZK mil | 247 | 284 | 232 | 256 | 369 | |||||||||||||||
| Net Debt/EBITDA | -3.30 | -3.40 | -3.27 | -3.93 | -5.09 | ||||||||||||||||
| Net Debt/Equity | % | -38.0 | -35.3 | -30.5 | -33.2 | -35.8 | |||||||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||
| cash flow | |||||||||||||||||||||
| Total Cash From Operations | CZK mil | ... | 13.4 | 119 | 82.8 | 115 | 98.8 | ||||||||||||||
| Total Cash From Investing | CZK mil | ... | -85.3 | -151 | -156 | -127 | -85.0 | ||||||||||||||
| Total Cash From Financing | CZK mil | ... | 0.569 | -6.83 | -10.5 | 3.18 | -4.11 | ||||||||||||||
| Net Change In Cash | CZK mil | ... | -71.3 | -38.5 | -83.3 | -8.35 | 9.67 |
| income statement | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| income statement | |||||||||||||||||||||
| Sales | CZK mil | 1,240 | 1,339 | 1,267 | 1,114 | 1,319 | |||||||||||||||
| Cost of Goods & Services | CZK mil | 666 | 766 | 710 | 606 | 799 | |||||||||||||||
| Gross Profit | CZK mil | 574 | 573 | 557 | 508 | 520 | |||||||||||||||
| Staff Cost | CZK mil | 377 | 393 | 394 | 374 | 390 | |||||||||||||||
| Other Operating Cost (Income) | CZK mil | 12.9 | 11.3 | 9.74 | -6.68 | 14.4 | |||||||||||||||
| EBITDA | CZK mil | 184 | 169 | 153 | 140 | 116 | |||||||||||||||
| Depreciation | CZK mil | ... | 91.7 | 82.9 | 100 | 101 | 104 | ||||||||||||||
| EBIT | CZK mil | 91.9 | 86.2 | 53.3 | 39.5 | 12.1 | |||||||||||||||
| Net Financing Cost | CZK mil | 2.22 | 2.24 | -8.38 | -4.72 | -14.4 | |||||||||||||||
| Financing Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||
| Financing Income | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Pre-Tax Profit | CZK mil | 89.7 | 84.0 | 61.7 | 44.2 | 26.5 | |||||||||||||||
| Tax | CZK mil | 21.1 | 20.2 | 15.1 | 8.95 | 5.84 | |||||||||||||||
| Minorities | CZK mil | ... | ... | ... | ... | ... | ... | ... | |||||||||||||
| Net Profit | CZK mil | ... | 68.5 | 63.8 | 46.6 | 35.2 | 20.7 | ||||||||||||||
| Net Profit Avail. to Common | CZK mil | 68.5 | 63.8 | 46.6 | 35.2 | 20.7 | |||||||||||||||
| growth rates | |||||||||||||||||||||
| Total Revenue Growth | % | ... | -9.34 | 7.93 | -5.36 | -12.1 | 18.4 | ||||||||||||||
| Staff Cost Growth | % | ... | -24.0 | 4.03 | 0.349 | -4.95 | 4.01 | ||||||||||||||
| EBITDA Growth | % | ... | 9.78 | -7.89 | -9.27 | -8.53 | -17.2 | ||||||||||||||
| EBIT Growth | % | ... | 43.4 | -6.22 | -38.1 | -26.0 | -69.3 | ||||||||||||||
| Pre-Tax Profit Growth | % | ... | 40.4 | -6.39 | -26.5 | -28.4 | -40.0 | ||||||||||||||
| Net Profit Growth | % | ... | 40.3 | -6.96 | -26.9 | -24.3 | -41.4 | ||||||||||||||
| ratios | |||||||||||||||||||||
| ROE | % | 4.16 | 3.95 | 2.84 | 2.13 | 1.25 | |||||||||||||||
| ROA | % | 3.43 | 3.24 | 2.35 | 1.77 | 0.996 | |||||||||||||||
| ROCE | % | ... | 5.65 | 5.24 | 3.59 | 2.57 | 1.45 | ||||||||||||||
| Gross Margin | % | 46.3 | 42.8 | 44.0 | 45.6 | 39.4 | |||||||||||||||
| EBITDA Margin | % | 14.8 | 12.6 | 12.1 | 12.6 | 8.81 | |||||||||||||||
| EBIT Margin | % | 7.41 | 6.44 | 4.21 | 3.54 | 0.918 | |||||||||||||||
| Net Margin | % | 5.53 | 4.76 | 3.68 | 3.16 | 1.57 | |||||||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||
| Net Debt/EBITDA | -3.30 | -3.40 | -3.27 | -3.93 | -5.09 |
| balance sheet | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| balance sheet | |||||||||||||||||||||
| Cash & Cash Equivalents | CZK mil | 566 | 528 | 445 | 436 | 446 | |||||||||||||||
| Receivables | CZK mil | 178 | 214 | 206 | 229 | 302 | |||||||||||||||
| Inventories | CZK mil | 166 | 167 | 167 | 173 | 231 | |||||||||||||||
| Other ST Assets | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Current Assets | CZK mil | 911 | 909 | 817 | 839 | 978 | |||||||||||||||
| Property, Plant & Equipment | CZK mil | 923 | 991 | 1,046 | 1,012 | 967 | |||||||||||||||
| LT Investments & Receivables | CZK mil | 81.9 | 81.9 | 81.9 | 143 | 169 | |||||||||||||||
| Intangible Assets | CZK mil | 0.742 | 0.385 | 0.788 | 0.406 | 0.472 | |||||||||||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Non-Current Assets | CZK mil | 1,006 | 1,074 | 1,129 | 1,155 | 1,136 | |||||||||||||||
| Total Assets | CZK mil | 1,935 | 2,003 | 1,968 | 2,016 | 2,132 | |||||||||||||||
| Trade Payables | CZK mil | 163 | 207 | 156 | 155 | 216 | |||||||||||||||
| Short-Term Debt | CZK mil | 41.6 | 34.8 | 24.3 | 27.5 | 23.4 | |||||||||||||||
| Other ST Liabilities | CZK mil | 41.9 | 42.4 | 51.7 | 74.1 | 130 | |||||||||||||||
| Current Liabilities | CZK mil | 247 | 284 | 232 | 256 | 369 | |||||||||||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Other LT Liabilities | CZK mil | 78.9 | 87.5 | 88.8 | 97.3 | 111 | |||||||||||||||
| Non-Current Liabilities | CZK mil | 78.9 | 87.5 | 88.8 | 97.3 | 111 | |||||||||||||||
| Liabilities | CZK mil | 339 | 372 | 321 | 354 | 480 | |||||||||||||||
| Equity Before Minority Interest | CZK mil | 1,597 | 1,630 | 1,647 | 1,662 | 1,652 | |||||||||||||||
| Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Equity | CZK mil | 1,597 | 1,630 | 1,647 | 1,662 | 1,652 | |||||||||||||||
| growth rates | |||||||||||||||||||||
| Total Asset Growth | % | ... | -5.99 | 3.47 | -1.73 | 2.42 | 5.79 | ||||||||||||||
| Shareholders' Equity Growth | % | ... | -6.14 | 2.12 | 1.02 | 0.925 | -0.586 | ||||||||||||||
| Net Debt Growth | % | ... | 1.67 | -5.22 | -12.7 | 9.87 | 7.16 | ||||||||||||||
| Total Debt Growth | % | ... | 1.39 | -16.4 | -30.2 | 13.1 | -14.9 | ||||||||||||||
| ratios | |||||||||||||||||||||
| Total Debt | CZK mil | 41.6 | 34.8 | 24.3 | 27.5 | 23.4 | |||||||||||||||
| Net Debt | CZK mil | -607 | -575 | -502 | -552 | -591 | |||||||||||||||
| Working Capital | CZK mil | 181 | 174 | 217 | 248 | 316 | |||||||||||||||
| Capital Employed | CZK mil | 1,187 | 1,248 | 1,346 | 1,403 | 1,452 | |||||||||||||||
| Net Debt/Equity | % | -38.0 | -35.3 | -30.5 | -33.2 | -35.8 | |||||||||||||||
| Current Ratio | 3.69 | 3.20 | 3.52 | 3.27 | 2.65 | ||||||||||||||||
| Quick Ratio | 3.02 | 2.61 | 2.80 | 2.60 | 2.03 |
| cash flow | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| cash flow | |||||||||||||||||||||
| Net Profit | CZK mil | ... | 68.5 | 63.8 | 46.6 | 35.2 | 20.7 | ||||||||||||||
| Depreciation | CZK mil | ... | 91.7 | 82.9 | 100 | 101 | 104 | ||||||||||||||
| Non-Cash Items | CZK mil | ... | -192 | -34.8 | -21.3 | 10.3 | 42.6 | ||||||||||||||
| Change in Working Capital | CZK mil | ... | 44.7 | 7.03 | -42.5 | -31.3 | -68.6 | ||||||||||||||
| Total Cash From Operations | CZK mil | ... | 13.4 | 119 | 82.8 | 115 | 98.8 | ||||||||||||||
| Capital Expenditures | CZK mil | ... | -85.3 | -151 | -156 | -127 | -85.0 | ||||||||||||||
| Total Cash From Investing | CZK mil | ... | -85.3 | -151 | -156 | -127 | -85.0 | ||||||||||||||
| Issuance Of Debt | CZK mil | ... | 0.569 | -6.83 | -10.5 | 3.18 | -4.11 | ||||||||||||||
| Total Cash From Financing | CZK mil | ... | 0.569 | -6.83 | -10.5 | 3.18 | -4.11 | ||||||||||||||
| Net Change In Cash | CZK mil | ... | -71.3 | -38.5 | -83.3 | -8.35 | 9.67 | ||||||||||||||
| ratios | |||||||||||||||||||||
| Days Sales Outstanding | days | 52.5 | 58.4 | 59.2 | 75.2 | 83.5 | |||||||||||||||
| Days Sales Of Inventory | days | 91.0 | 79.7 | 85.9 | 104 | 105 | |||||||||||||||
| Days Payable Outstanding | days | 89.5 | 98.8 | 80.2 | 93.1 | 98.6 | |||||||||||||||
| Cash Conversion Cycle | days | 54.0 | 39.3 | 64.9 | 86.2 | 90.2 | |||||||||||||||
| Cash Earnings | CZK mil | 160 | 147 | 147 | 136 | 125 | |||||||||||||||
| Free Cash Flow | CZK mil | ... | -71.9 | -31.7 | -72.8 | -11.5 | 13.8 | ||||||||||||||
| Capital Expenditures (As % of Sales) | % | ... | 6.87 | 11.2 | 12.3 | 11.4 | 6.45 |
| other ratios | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Employees | ... | ... | ... | ... | ... | ||||||||||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | ... | |||||||||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | ... | ... | |||||||||||||||
| Material & Energy (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 42.5 | 44.0 | 42.9 | 41.0 | 46.3 | ||||||
| Services (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11.2 | 13.2 | 13.1 | 13.4 | 14.3 | ||||||
| Staff Cost (As % of Sales) | % | 30.4 | 29.3 | 31.1 | 33.6 | 29.5 | |||||||||||||||
| Effective Tax Rate | % | 23.6 | 24.0 | 24.5 | 20.2 | 22.1 | |||||||||||||||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... | -2.18 | -4.79 | -5.01 | -3.62 | -0.728 | ||||||||||
| Total Revenue Growth (10-year average) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -7.33 | -6.05 | -0.817 | -3.85 | -1.23 |
Get all company financials in excel:
By Helgi Library - April 3, 2020
CZ Strakonice made a net profit of CZK 39.7 mil with revenues of CZK 1,351 mil in 2015, down by 63.7% and down by 17.5%, respectively, compared to the previous year. This translates into a net margin of 2.94%. Historically, between 2004 and 2015, th...
By Helgi Library - April 2, 2020
CZ Strakonice's net debt stood at CZK -538 mil and accounted for -0.320 of equity at the end of 2015. The ratio is up 0.011 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of -0.169 in 2013 and a low o...
By Helgi Library - April 2, 2020
CZ Strakonice's total assets reached CZK 2,013 mil at the end of 2015, down 3.96% compared to the previous year. Current assets amounted to CZK 938 mil, or 46.6% of total assets while cash stood at CZK 538 mil at the end of 2015. ...
By Helgi Library - April 2, 2020
CZ Strakonice's total assets reached CZK 2,013 mil at the end of 2015, down 3.96% compared to the previous year. Current assets amounted to CZK 938 mil, or 46.6% of total assets while cash stood at CZK 538 mil at the end of 2015. ...
By Helgi Library - April 2, 2020
CZ Strakonice made a net profit of CZK 39.7 mil in 2015, down 63.7% compared to the previous year. Historically, between 2004 and 2015, the company's net profit reached a high of CZK 109 mil in 2014 and a low of CZK -28.9 mil in 2007. The result implies a...
ČZ, a.s., or Česká zbrojovka Strakonice is a Czech Republic-based former firearms manufacturer also known for making ČZ motorcycles. ČZ was established as a branch of the Škoda Works Armament in Strakonice, Czechoslovakia in September 1919. After the WWII, the Company was nationalized and arms production in the Strakonice plant was ended. In 1948 ČZ Motorcycles merged with its main rival, Jawa and became the second largest motorcycle manufacturer in Europe. In the 1990's, the Company was restructured and the ČZ has became an important manufacturer of automotive parts. Nowadays, the Company exports 60% of its production mainly to Russia, Mexico, Germany and other countries. The production range at ČZ has been supplemented by the production of high lift trucks with the traditional DESTA brand.
CZ a.s. has been growing its sales by 0.827% a year on average in the last 5 years. EBITDA has fallen on average by 10.4% a year during that time to total of CZK 97.8 mil in 2023, or 7.01% of sales. That’s compared to 9.42% average margin seen in last five years.
The company netted CZK 12.8 mil in 2023 implying ROE of 0.754% and ROCE of 0.849%. Again, the average figures were 1.55% and 1.86%, respectively when looking at the previous 5 years.
CZ a.s.’s net debt amounted to CZK -307 mil at the end of 2023, or -18.1% of equity. When compared to EBITDA, net debt was -3.13x, up when compared to average of -3.74x seen in the last 5 years.
Helgi Library 
