By Helgi Library - April 2, 2020
Hornbach Baumarkt Czech Republic's total assets reached CZK 3,462 mil at the end of 2017, up 0.56% compared to the previous year...
By Helgi Library - April 2, 2020
Hornbach Baumarkt Czech Republic's total assets reached CZK 3,462 mil at the end of 2017, up 0.56% compared to the previous year...
| Profit Statement | 2015 | 2016 | 2017 | |
| Sales | CZK mil | 5,629 | 6,442 | 7,383 |
| Gross Profit | CZK mil | 1,185 | 1,378 | 1,701 |
| EBITDA | CZK mil | 512 | 593 | 774 |
| EBIT | CZK mil | 394 | 455 | 637 |
| Financing Cost | CZK mil | 33.4 | 25.0 | 38.4 |
| Pre-Tax Profit | CZK mil | 360 | 430 | 598 |
| Net Profit | CZK mil | 290 | 344 | 484 |
| Dividends | CZK mil | 0 | 500 | ... |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | CZK mil | 3,444 | 3,443 | 3,462 |
| Non-Current Assets | CZK mil | 2,312 | 2,285 | 2,240 |
| Current Assets | CZK mil | 1,129 | 1,156 | 1,218 |
| Working Capital | CZK mil | 560 | 800 | 765 |
| Shareholders' Equity | CZK mil | 2,028 | 2,642 | 2,626 |
| Liabilities | CZK mil | 1,416 | 800 | 836 |
| Total Debt | CZK mil | 79.3 | 277 | 189 |
| Net Debt | CZK mil | -33.5 | 160 | 35.1 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 14.7 | 14.7 | 18.4 |
| ROCE | % | 11.5 | 11.6 | 15.9 |
| Gross Margin | % | 21.0 | 21.4 | 23.0 |
| EBITDA Margin | % | 9.10 | 9.21 | 10.5 |
| EBIT Margin | % | 7.00 | 7.06 | 8.63 |
| Net Margin | % | 5.16 | 5.34 | 6.55 |
| Net Debt/EBITDA | -0.065 | 0.270 | 0.045 | |
| Net Debt/Equity | % | -1.65 | 6.07 | 1.34 |
| Cost of Financing | % | 26.4 | 14.0 | 16.5 |
| Cash Flow | 2015 | 2016 | 2017 | |
| Total Cash From Operations | CZK mil | 326 | 272 | 720 |
| Total Cash From Investing | CZK mil | -837 | -115 | -92.7 |
| Total Cash From Financing | CZK mil | 520 | -154 | -590 |
| Net Change In Cash | CZK mil | 9.44 | 3.50 | 37.2 |
| Cash Conversion Cycle | days | 45.1 | 56.4 | 47.7 |
| Cash Earnings | CZK mil | 408 | 483 | 621 |
| Free Cash Flow | CZK mil | -511 | 157 | 627 |
Get all company financials in excel:
| summary | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||||
| Sales | CZK mil | 5,045 | 4,848 | 4,732 | 5,165 | 5,629 | |||||||||||||
| Gross Profit | CZK mil | 1,082 | 979 | 958 | 1,039 | 1,185 | |||||||||||||
| EBIT | CZK mil | 380 | 304 | 223 | 239 | 394 | |||||||||||||
| Net Profit | CZK mil | 256 | 201 | 144 | 143 | 290 | |||||||||||||
| ROE | % | 17.9 | 13.2 | 8.44 | 7.72 | 14.7 | |||||||||||||
| EBIT Margin | % | 7.54 | 6.27 | 4.72 | 4.64 | 7.00 | |||||||||||||
| Net Margin | % | 5.07 | 4.15 | 3.04 | 2.77 | 5.16 | |||||||||||||
| Employees | 1,157 | 1,134 | 1,141 | 1,257 | 1,397 | ||||||||||||||
| balance sheet | |||||||||||||||||||
| Total Assets | CZK mil | 2,602 | 2,693 | 2,952 | 2,598 | 3,444 | |||||||||||||
| Non-Current Assets | CZK mil | 1,672 | 1,606 | 1,606 | 1,594 | 2,312 | |||||||||||||
| Current Assets | CZK mil | 925 | 1,082 | 1,343 | 998 | 1,129 | |||||||||||||
| Shareholders' Equity | CZK mil | 1,432 | 1,627 | 1,776 | 1,928 | 2,028 | |||||||||||||
| Liabilities | CZK mil | 1,170 | 1,066 | 1,177 | 670 | 1,416 | |||||||||||||
| Non-Current Liabilities | CZK mil | 681 | 657 | 619 | 79.3 | 47.6 | |||||||||||||
| Current Liabilities | CZK mil | 396 | 322 | 417 | 423 | 1,222 | |||||||||||||
| Net Debt/EBITDA | 1.30 | 1.38 | 1.63 | 0.195 | -0.065 | ||||||||||||||
| Net Debt/Equity | % | 46.1 | 36.5 | 31.2 | 3.68 | -1.65 | |||||||||||||
| Cost of Financing | % | ... | 8.23 | 7.86 | 6.71 | 14.7 | 26.4 | ||||||||||||
| cash flow | |||||||||||||||||||
| Total Cash From Operations | CZK mil | 519 | 78.1 | 176 | 294 | 326 | |||||||||||||
| Total Cash From Investing | CZK mil | -276 | -62.2 | -116 | -118 | -837 | |||||||||||||
| Total Cash From Financing | CZK mil | -257 | -31.7 | -31.7 | -177 | 520 | |||||||||||||
| Net Change In Cash | CZK mil | -14.5 | -15.8 | 28.6 | -1.92 | 9.44 |
| income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||||||||||||||
| Sales | CZK mil | 5,045 | 4,848 | 4,732 | 5,165 | 5,629 | |||||||||||||
| Cost of Goods & Services | CZK mil | 3,963 | 3,869 | 3,774 | 4,126 | 4,444 | |||||||||||||
| Gross Profit | CZK mil | 1,082 | 979 | 958 | 1,039 | 1,185 | |||||||||||||
| Staff Cost | CZK mil | 584 | 571 | 583 | 665 | 740 | |||||||||||||
| Other Cost | CZK mil | -11.1 | -22.3 | 35.1 | 9.97 | -67.8 | |||||||||||||
| EBITDA | CZK mil | 509 | 431 | 340 | 364 | 512 | |||||||||||||
| Depreciation | CZK mil | 128 | 126 | 117 | 125 | 118 | |||||||||||||
| EBIT | CZK mil | 380 | 304 | 223 | 239 | 394 | |||||||||||||
| Financing Cost | CZK mil | 61.2 | 55.9 | 44.7 | 61.2 | 33.4 | |||||||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Pre-Tax Profit | CZK mil | 319 | 248 | 179 | 178 | 360 | |||||||||||||
| Tax | CZK mil | 63.1 | 47.0 | 34.9 | 35.3 | 70.3 | |||||||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Net Profit | CZK mil | 256 | 201 | 144 | 143 | 290 | |||||||||||||
| Dividends | CZK mil | 0 | 0 | 0 | 0 | 0 | ... | ||||||||||||
| growth rates | |||||||||||||||||||
| Total Revenue Growth | % | ... | 6.81 | -3.90 | -2.40 | 9.16 | 8.99 | ||||||||||||
| Operating Cost Growth | % | ... | 22.9 | -4.32 | 12.6 | 9.31 | -0.402 | ||||||||||||
| EBITDA Growth | % | ... | -19.7 | -15.3 | -21.0 | 7.04 | 40.7 | ||||||||||||
| EBIT Growth | % | ... | -27.6 | -20.0 | -26.6 | 7.24 | 64.5 | ||||||||||||
| Pre-Tax Profit Growth | % | ... | -31.9 | -22.2 | -28.1 | -0.184 | 102 | ||||||||||||
| Net Profit Growth | % | ... | -32.3 | -21.4 | -28.6 | -0.467 | 103 | ||||||||||||
| ratios | |||||||||||||||||||
| ROE | % | 17.9 | 13.2 | 8.44 | 7.72 | 14.7 | |||||||||||||
| ROCE | % | ... | 12.4 | 9.20 | 6.65 | 6.55 | 11.5 | ||||||||||||
| Gross Margin | % | 21.4 | 20.2 | 20.2 | 20.1 | 21.0 | |||||||||||||
| EBITDA Margin | % | 10.1 | 8.88 | 7.19 | 7.05 | 9.10 | |||||||||||||
| EBIT Margin | % | 7.54 | 6.27 | 4.72 | 4.64 | 7.00 | |||||||||||||
| Net Margin | % | 5.07 | 4.15 | 3.04 | 2.77 | 5.16 | |||||||||||||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | ... | ||||||||||||
| Cost of Financing | % | ... | 8.23 | 7.86 | 6.71 | 14.7 | 26.4 | ||||||||||||
| Net Debt/EBITDA | 1.30 | 1.38 | 1.63 | 0.195 | -0.065 |
| balance sheet | Unit | 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 | 1,672 | 1,606 | 1,606 | 1,594 | 2,312 | |||||||||||||
| Property, Plant & Equipment | CZK mil | 1,671 | 1,605 | 1,605 | 1,593 | 2,311 | |||||||||||||
| Intangible Assets | CZK mil | 0.397 | 0.880 | 0.860 | 0.460 | 0.422 | |||||||||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Current Assets | CZK mil | 925 | 1,082 | 1,343 | 998 | 1,129 | |||||||||||||
| Inventories | CZK mil | 730 | 697 | 803 | 788 | 910 | |||||||||||||
| Receivables | CZK mil | 25.8 | 17.8 | 20.7 | 26.1 | 50.8 | |||||||||||||
| Cash & Cash Equivalents | CZK mil | 92.4 | 76.6 | 105 | 103 | 113 | |||||||||||||
| Total Assets | CZK mil | 2,602 | 2,693 | 2,952 | 2,598 | 3,444 | |||||||||||||
| Shareholders' Equity | CZK mil | 1,432 | 1,627 | 1,776 | 1,928 | 2,028 | |||||||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Liabilities | CZK mil | 1,170 | 1,066 | 1,177 | 670 | 1,416 | |||||||||||||
| Non-Current Liabilities | CZK mil | 681 | 657 | 619 | 79.3 | 47.6 | |||||||||||||
| Long-Term Debt | CZK mil | 671 | 639 | 619 | 79.3 | 47.6 | |||||||||||||
| Deferred Tax Liabilities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Current Liabilities | CZK mil | 396 | 322 | 417 | 423 | 1,222 | |||||||||||||
| Short-Term Debt | CZK mil | 81.2 | 31.7 | 40.7 | 95.0 | 31.7 | |||||||||||||
| Trade Payables | CZK mil | 200 | 175 | 257 | 216 | 401 | |||||||||||||
| Provisions | CZK mil | 60.5 | 55.3 | 108 | 137 | 115 | |||||||||||||
| Equity And Liabilities | CZK mil | 2,602 | 2,693 | 2,952 | 2,598 | 3,444 | |||||||||||||
| growth rates | |||||||||||||||||||
| Total Asset Growth | % | ... | 1.76 | 3.52 | 9.63 | -12.0 | 32.6 | ||||||||||||
| Shareholders' Equity Growth | % | ... | 0.753 | 13.6 | 9.11 | 8.58 | 5.20 | ||||||||||||
| Net Debt Growth | % | ... | 5.14 | -9.92 | -6.67 | -87.2 | -147 | ||||||||||||
| Total Debt Growth | % | ... | 2.42 | -10.8 | -1.64 | -73.6 | -54.5 | ||||||||||||
| ratios | |||||||||||||||||||
| Total Debt | CZK mil | 752 | 671 | 660 | 174 | 79.3 | |||||||||||||
| Net Debt | CZK mil | 660 | 594 | 555 | 70.9 | -33.5 | |||||||||||||
| Working Capital | CZK mil | 556 | 540 | 567 | 598 | 560 | |||||||||||||
| Capital Employed | CZK mil | 2,228 | 2,146 | 2,172 | 2,192 | 2,872 | |||||||||||||
| Net Debt/Equity | % | 46.1 | 36.5 | 31.2 | 3.68 | -1.65 | |||||||||||||
| Cost of Financing | % | ... | 8.23 | 7.86 | 6.71 | 14.7 | 26.4 |
| cash flow | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| cash flow | |||||||||||||||||||
| Net Profit | CZK mil | 256 | 201 | 144 | 143 | 290 | |||||||||||||
| Depreciation | CZK mil | 128 | 126 | 117 | 125 | 118 | |||||||||||||
| Non-Cash Items | CZK mil | ... | 310 | -266 | -57.0 | 57.8 | -120 | ||||||||||||
| Change in Working Capital | CZK mil | ... | -176 | 16.4 | -27.0 | -31.6 | 38.1 | ||||||||||||
| Total Cash From Operations | CZK mil | 519 | 78.1 | 176 | 294 | 326 | |||||||||||||
| Capital Expenditures | CZK mil | -277 | -62.8 | -120 | -120 | -839 | |||||||||||||
| Other Investments | CZK mil | 0.861 | 0.629 | 3.69 | 1.62 | 2.25 | |||||||||||||
| Total Cash From Investing | CZK mil | -276 | -62.2 | -116 | -118 | -837 | |||||||||||||
| Dividends Paid | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||
| Issuance Of Shares | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Issuance Of Debt | CZK mil | ... | 17.8 | -81.2 | -11.0 | -486 | -95.0 | ||||||||||||
| Total Cash From Financing | CZK mil | -257 | -31.7 | -31.7 | -177 | 520 | |||||||||||||
| Net Change In Cash | CZK mil | -14.5 | -15.8 | 28.6 | -1.92 | 9.44 | |||||||||||||
| ratios | |||||||||||||||||||
| Days Sales Outstanding | days | 1.87 | 1.34 | 1.60 | 1.84 | 3.29 | |||||||||||||
| Days Sales Of Inventory | days | 67.3 | 65.7 | 77.6 | 69.7 | 74.7 | |||||||||||||
| Days Payable Outstanding | days | 18.4 | 16.5 | 24.8 | 19.1 | 32.9 | |||||||||||||
| Cash Conversion Cycle | days | 50.7 | 50.6 | 54.4 | 52.5 | 45.1 | |||||||||||||
| Cash Earnings | CZK mil | 384 | 328 | 260 | 268 | 408 | |||||||||||||
| Free Cash Flow | CZK mil | 242 | 15.9 | 60.3 | 175 | -511 |
| other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||||||||||||||
| ROA | % | 9.92 | 7.60 | 5.09 | 5.15 | 9.61 | |||||||||||||
| Gross Margin | % | 21.4 | 20.2 | 20.2 | 20.1 | 21.0 | |||||||||||||
| Employees | 1,157 | 1,134 | 1,141 | 1,257 | 1,397 | ||||||||||||||
| Cost Per Employee | USD per month | 2,380 | 2,144 | 2,176 | 2,064 | 1,850 | |||||||||||||
| Cost Per Employee (Local Currency) | CZK per month | 42,093 | 41,943 | 42,565 | 44,111 | 44,165 | |||||||||||||
| Staff Cost (As % Of Total Cost) | % | 12.5 | 12.6 | 12.9 | 13.5 | 14.1 | |||||||||||||
| Effective Tax Rate | % | 19.8 | 18.9 | 19.6 | 19.8 | 19.5 | |||||||||||||
| Capital Expenditures (As % of Sales) | % | 5.50 | 1.30 | 2.53 | 2.32 | 14.9 | |||||||||||||
| Sales of Building Equipment | CZK mil | 566 | 551 | 539 | 585 | 623 | |||||||||||||
| Sales of Wallpaper Ware | CZK mil | 35.0 | 32.0 | 32.0 | 33.1 | 34.1 | |||||||||||||
| Sales of Interior Decoration | CZK mil | 152 | 139 | 141 | 150 | 163 | |||||||||||||
| Sales of Color Ware | CZK mil | 222 | 216 | 215 | 231 | 245 | |||||||||||||
| Sales of Floor Covering | CZK mil | 97.0 | 91.0 | 94.1 | 103 | 108 | |||||||||||||
| Sales of Ironmongery | CZK mil | 304 | 306 | 312 | 341 | 377 | |||||||||||||
| Sales of Electrical Equipment | CZK mil | 446 | 434 | 433 | 459 | 509 | |||||||||||||
| Sales of Tools | CZK mil | 350 | 340 | 349 | 400 | 452 | |||||||||||||
| Sales of Wood Ware | CZK mil | 310 | 284 | 265 | 285 | 316 | |||||||||||||
| Sales of Folder | CZK mil | 120 | 116 | 121 | 129 | 138 | |||||||||||||
| Sales of Tiles & Floor Tiles | CZK mil | 261 | 244 | 219 | 239 | 260 | |||||||||||||
| Sales of Sanitary Ware | CZK mil | 619 | 613 | 597 | 631 | 682 | |||||||||||||
| Sales of Components | CZK mil | 245 | 224 | 214 | 219 | 249 | |||||||||||||
| Sales of Painting Supplies | CZK mil | 141 | 129 | 133 | 150 | 162 | |||||||||||||
| Sales of Construction Utilities | CZK mil | 3,868 | 3,719 | 3,664 | 3,955 | 4,319 | |||||||||||||
| Sales of Flower & Garden Decoration | CZK mil | 141 | 127 | 126 | 156 | 174 | |||||||||||||
| Sales of Garden Tools | CZK mil | 197 | 172 | 165 | 176 | 191 | |||||||||||||
| Sales of Fertilizers | CZK mil | 150 | 148 | 152 | 152 | 173 | |||||||||||||
| Sales of Plants | CZK mil | 208 | 206 | 195 | 221 | 242 | |||||||||||||
| Sales of Fence & Furniture | CZK mil | 234 | 231 | 181 | 237 | 258 | |||||||||||||
| Sales of Animals, Fodder | CZK mil | 181 | 184 | 187 | 198 | 198 | |||||||||||||
| Sales of Garden Utilities | CZK mil | 1,112 | 1,067 | 1,005 | 1,141 | 1,236 |
Get all company financials in excel:
Hornbach Baumarkt CS is a Czech Republic-based subsidiary of the Germany's Do-It-Yourselve (DIY) retailer Hornbach Baumarkt AG. The Group operated some 138 DIY megastores with garden centers, thereof 92 stores in Germany and 43 stores with garden centers in eight countries across Europe, located in Austria, Switzerland, Luxembourg, the Netherlands, the Czech Republic, Sweden, Slovakia and Romania in 2013. The average sales area per store is more than 11,000 square meters. Hornbach stores offer a broad and comprehensive product range, which, on average, includes 40-60,000 articles per store. The competent product range covers gardening, building material and elements, tools, sanitary and interior decoration
Hornbach Baumarkt Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 12.5% a year during that time to total of CZK 774 mil in 2017, or 10.5% of sales. That’s compared to 8.60% average margin seen in last five years.
The company netted CZK 484 mil in 2017 implying ROE of 18.4% and ROCE of 15.9%. Again, the average figures were 12.8% and 10.4%, respectively when looking at the previous 5 years.
Hornbach Baumarkt Czech Republic’s net debt amounted to CZK 35.1 mil at the end of 2017, or 1.34% of equity. When compared to EBITDA, net debt was 0.045x, down when compared to average of 0.415x seen in the last 5 years.
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