By Helgi Library - April 2, 2020
EMCO's total assets reached CZK 592 mil at the end of 2017, up 2.96% compared to the previous year. Current assets...
By Helgi Library - April 2, 2020
EMCO's total assets reached CZK 592 mil at the end of 2017, up 2.96% compared to the previous year. Current assets...
Profit Statement |
Balance Sheet |
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Emco is Czech Republic-based food company engaged in the manufacture and distribution of cereal products, muesli, cornflakes and porridge Express brands and distribution of Panzani, Carbonell Katjes. The Company was founded by Mr. Zdeněk Jahoda in 1990. Emco focuses on the production and distribution of high quality and healthy lifestyle food products. These include crunchy and traditional müsli, müsli biscuits, corn and wholemeal cereals, oatmeal’s and children’s cereal products. Emco has long dominated the müsli market in the Czech Republic with a 53 % share. The Company exports into more than 40 countries with the most important foreign markets currently being Croatia, Poland, Egypt and Venezuela. Since 2008, Emco has a subsidiary in Russia
EMCO has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 11.5% a year during that time to total of CZK 72.6 mil in 2017, or 7.29% of sales. That’s compared to 6.19% average margin seen in last five years.
The company netted CZK 21.7 mil in 2017 implying ROE of 19.4% and ROCE of 5.03%. Again, the average figures were 17.5% and 4.95%, respectively when looking at the previous 5 years.
EMCO’s net debt amounted to CZK 281 mil at the end of 2017, or 250% of equity. When compared to EBITDA, net debt was 3.87x, down when compared to average of 4.38x seen in the last 5 years.