By Helgi Library - April 2, 2020
Karlovarske Mineralni Vody's total assets reached CZK 5,111 mil at the end of 2016, up 6.55% compared to the previous year. ...
By Helgi Library - April 2, 2020
Karlovarske Mineralni Vody's total assets reached CZK 5,111 mil at the end of 2016, up 6.55% compared to the previous year. ...
| Profit Statement | 2014 | 2015 | 2016 | |
| Sales | CZK mil | 3,071 | 3,260 | 3,327 |
| Gross Profit | CZK mil | 645 | 743 | 799 |
| EBITDA | CZK mil | 324 | 401 | 420 |
| EBIT | CZK mil | 169 | 241 | 252 |
| Financing Cost | CZK mil | 110 | -72.3 | -102 |
| Pre-Tax Profit | CZK mil | 59.4 | 313 | 353 |
| Net Profit | CZK mil | 17.7 | 211 | 316 |
| Dividends | CZK mil | 400 | 0 | ... |
| Balance Sheet | 2014 | 2015 | 2016 | |
| Total Assets | CZK mil | 3,984 | 4,797 | 5,111 |
| Non-Current Assets | CZK mil | 2,874 | 3,669 | 3,950 |
| Current Assets | CZK mil | 1,094 | 1,103 | 1,132 |
| Working Capital | CZK mil | 855 | 886 | 899 |
| Shareholders' Equity | CZK mil | 3,031 | 2,833 | 3,136 |
| Liabilities | CZK mil | 953 | 1,964 | 1,975 |
| Total Debt | CZK mil | 201 | 1,178 | 1,338 |
| Net Debt | CZK mil | 165 | 1,129 | 1,299 |
| Ratios | 2014 | 2015 | 2016 | |
| ROE | % | 0.585 | 7.18 | 10.6 |
| ROCE | % | 0.472 | 5.08 | 6.71 |
| Gross Margin | % | 21.0 | 22.8 | 24.0 |
| EBITDA Margin | % | 10.6 | 12.3 | 12.6 |
| EBIT Margin | % | 5.52 | 7.38 | 7.56 |
| Net Margin | % | 0.575 | 6.46 | 9.48 |
| Net Debt/EBITDA | 0.510 | 2.82 | 3.09 | |
| Net Debt/Equity | % | 5.46 | 39.9 | 41.4 |
| Cost of Financing | % | 30.2 | -10.5 | -8.10 |
| Cash Flow | 2014 | 2015 | 2016 | |
| Total Cash From Operations | CZK mil | 241 | 556 | 175 |
| Total Cash From Investing | CZK mil | -107 | -1,116 | -344 |
| Total Cash From Financing | CZK mil | -287 | 574 | 160 |
| Net Change In Cash | CZK mil | -153 | 13.3 | -8.98 |
| Cash Conversion Cycle | days | 113 | 109 | 107 |
| Cash Earnings | CZK mil | 172 | 371 | 484 |
| Free Cash Flow | CZK mil | 134 | -561 | -169 |
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 |
| income statement | ||||||||||||||||||
| Sales | CZK mil | 3,034 | 3,116 | 3,034 | 3,017 | 3,071 | ||||||||||||
| Gross Profit | CZK mil | 646 | 531 | 635 | 667 | 645 | ||||||||||||
| EBIT | CZK mil | 167 | 83.8 | 263 | 234 | 169 | ||||||||||||
| Net Profit | CZK mil | 83.0 | 35.3 | 110 | 152 | 17.7 | ||||||||||||
| ROE | % | 2.48 | 1.10 | 3.49 | 4.98 | 0.585 | ||||||||||||
| EBIT Margin | % | 5.51 | 2.69 | 8.68 | 7.74 | 5.52 | ||||||||||||
| Net Margin | % | 2.74 | 1.13 | 3.64 | 5.03 | 0.575 | ||||||||||||
| Employees | 332 | 329 | 346 | 370 | 383 | |||||||||||||
| balance sheet | ||||||||||||||||||
| Total Assets | CZK mil | 4,824 | 4,765 | 4,413 | 4,172 | 3,984 | ||||||||||||
| Non-Current Assets | CZK mil | 3,466 | 3,219 | 3,135 | 3,029 | 2,874 | ||||||||||||
| Current Assets | CZK mil | 1,333 | 1,522 | 1,252 | 1,125 | 1,094 | ||||||||||||
| Shareholders' Equity | CZK mil | 3,198 | 3,239 | 3,089 | 3,009 | 3,031 | ||||||||||||
| Liabilities | CZK mil | 1,626 | 1,526 | 1,323 | 1,163 | 953 | ||||||||||||
| Non-Current Liabilities | CZK mil | 59.7 | 45.2 | 87.0 | 102 | 107 | ||||||||||||
| Current Liabilities | CZK mil | 657 | 692 | 720 | 539 | 606 | ||||||||||||
| Net Debt/EBITDA | 2.00 | 1.23 | 0.844 | 0.889 | 0.510 | |||||||||||||
| Net Debt/Equity | % | 17.5 | 10.6 | 11.2 | 11.3 | 5.46 | ||||||||||||
| Cost of Financing | % | ... | 5.53 | 4.19 | 12.2 | 4.74 | 30.2 | |||||||||||
| cash flow | ||||||||||||||||||
| Total Cash From Operations | CZK mil | ... | ... | 542 | 135 | 388 | 191 | 241 | ||||||||||
| Total Cash From Investing | CZK mil | ... | ... | -590 | 80.9 | -30.8 | 10.4 | -107 | ||||||||||
| Total Cash From Financing | CZK mil | ... | ... | -127 | -211 | -510 | -264 | -287 | ||||||||||
| Net Change In Cash | CZK mil | ... | ... | -175 | 4.21 | -154 | -62.7 | -153 |
| income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| income statement | ||||||||||||||||||
| Sales | CZK mil | 3,034 | 3,116 | 3,034 | 3,017 | 3,071 | ||||||||||||
| Cost of Goods & Services | CZK mil | 2,388 | 2,585 | 2,398 | 2,351 | 2,426 | ||||||||||||
| Gross Profit | CZK mil | 646 | 531 | 635 | 667 | 645 | ||||||||||||
| Staff Cost | CZK mil | 214 | 209 | 242 | 278 | 308 | ||||||||||||
| Other Cost | CZK mil | 152 | 42.9 | -16.6 | 5.47 | 13.4 | ||||||||||||
| EBITDA | CZK mil | 280 | 279 | 410 | 383 | 324 | ||||||||||||
| Depreciation | CZK mil | 112 | 195 | 147 | 150 | 155 | ||||||||||||
| EBIT | CZK mil | 167 | 83.8 | 263 | 234 | 169 | ||||||||||||
| Financing Cost | CZK mil | 46.6 | 35.7 | 81.9 | 26.7 | 110 | ||||||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Pre-Tax Profit | CZK mil | 121 | 48.1 | 181 | 207 | 59.4 | ||||||||||||
| Tax | CZK mil | 37.5 | 12.7 | 71.0 | 54.9 | 41.7 | ||||||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Net Profit | CZK mil | 83.0 | 35.3 | 110 | 152 | 17.7 | ||||||||||||
| Dividends | CZK mil | 0 | 251 | 260 | 0 | 400 | ... | |||||||||||
| growth rates | ||||||||||||||||||
| Total Revenue Growth | % | ... | -2.93 | 2.72 | -2.64 | -0.535 | 1.79 | |||||||||||
| Operating Cost Growth | % | ... | 35.1 | -31.2 | -10.5 | 25.7 | 13.3 | |||||||||||
| EBITDA Growth | % | ... | -36.9 | -0.222 | 47.0 | -6.50 | -15.4 | |||||||||||
| EBIT Growth | % | ... | -51.6 | -49.9 | 214 | -11.3 | -27.4 | |||||||||||
| Pre-Tax Profit Growth | % | ... | -66.0 | -60.1 | 278 | 14.0 | -71.3 | |||||||||||
| Net Profit Growth | % | ... | ... | ... | ... | -71.3 | -57.4 | 213 | 37.6 | -88.4 | ||||||||
| ratios | ||||||||||||||||||
| ROE | % | 2.48 | 1.10 | 3.49 | 4.98 | 0.585 | ||||||||||||
| ROCE | % | ... | 2.18 | 0.893 | 2.80 | 3.98 | 0.472 | |||||||||||
| Gross Margin | % | 21.3 | 17.0 | 20.9 | 22.1 | 21.0 | ||||||||||||
| EBITDA Margin | % | 9.22 | 8.95 | 13.5 | 12.7 | 10.6 | ||||||||||||
| EBIT Margin | % | 5.51 | 2.69 | 8.68 | 7.74 | 5.52 | ||||||||||||
| Net Margin | % | 2.74 | 1.13 | 3.64 | 5.03 | 0.575 | ||||||||||||
| Payout Ratio | % | ... | ... | ... | 0 | 709 | 235 | 0 | 2,262 | ... | ||||||||
| Cost of Financing | % | ... | 5.53 | 4.19 | 12.2 | 4.74 | 30.2 | |||||||||||
| Net Debt/EBITDA | 2.00 | 1.23 | 0.844 | 0.889 | 0.510 |
| balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| balance sheet | ||||||||||||||||||
| Non-Current Assets | CZK mil | 3,466 | 3,219 | 3,135 | 3,029 | 2,874 | ||||||||||||
| Property, Plant & Equipment | CZK mil | 1,852 | 1,703 | 1,758 | 1,720 | 1,666 | ||||||||||||
| Intangible Assets | CZK mil | 17.1 | 26.1 | 15.9 | 26.3 | 56.9 | ||||||||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Current Assets | CZK mil | 1,333 | 1,522 | 1,252 | 1,125 | 1,094 | ||||||||||||
| Inventories | CZK mil | 516 | 648 | 471 | 406 | 490 | ||||||||||||
| Receivables | CZK mil | 291 | 332 | 426 | 453 | 502 | ||||||||||||
| Cash & Cash Equivalents | CZK mil | 400 | 404 | 251 | 188 | 35.3 | ||||||||||||
| Total Assets | CZK mil | 4,824 | 4,765 | 4,413 | 4,172 | 3,984 | ||||||||||||
| Shareholders' Equity | CZK mil | 3,198 | 3,239 | 3,089 | 3,009 | 3,031 | ||||||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Liabilities | CZK mil | 1,626 | 1,526 | 1,323 | 1,163 | 953 | ||||||||||||
| Non-Current Liabilities | CZK mil | 59.7 | 45.2 | 87.0 | 102 | 107 | ||||||||||||
| Long-Term Debt | CZK mil | 561 | 477 | 405 | 17.5 | 13.1 | ||||||||||||
| Deferred Tax Liabilities | CZK mil | 59.7 | 45.2 | 75.0 | 84.9 | 93.4 | ||||||||||||
| Current Liabilities | CZK mil | 657 | 692 | 720 | 539 | 606 | ||||||||||||
| Short-Term Debt | CZK mil | 397 | 271 | 192 | 511 | 187 | ||||||||||||
| Trade Payables | CZK mil | 359 | 204 | 152 | 133 | 137 | ||||||||||||
| Provisions | CZK mil | 10.0 | 39.9 | 38.3 | 51.5 | 52.6 | ||||||||||||
| Equity And Liabilities | CZK mil | 4,824 | 4,765 | 4,413 | 4,172 | 3,984 | ||||||||||||
| growth rates | ||||||||||||||||||
| Total Asset Growth | % | ... | -0.229 | -1.23 | -7.38 | -5.46 | -4.50 | |||||||||||
| Shareholders' Equity Growth | % | ... | -8.22 | 1.28 | -4.62 | -2.60 | 0.713 | |||||||||||
| Net Debt Growth | % | ... | 261 | -38.4 | 0.723 | -1.55 | -51.5 | |||||||||||
| Total Debt Growth | % | ... | ... | 31.4 | -21.9 | -20.2 | -11.4 | -62.1 | ||||||||||
| ratios | ||||||||||||||||||
| Total Debt | CZK mil | 958 | 748 | 597 | 529 | 201 | ||||||||||||
| Net Debt | CZK mil | 558 | 344 | 346 | 341 | 165 | ||||||||||||
| Working Capital | CZK mil | 449 | 777 | 744 | 727 | 855 | ||||||||||||
| Capital Employed | CZK mil | 3,914 | 3,996 | 3,880 | 3,756 | 3,728 | ||||||||||||
| Net Debt/Equity | % | 17.5 | 10.6 | 11.2 | 11.3 | 5.46 | ||||||||||||
| Cost of Financing | % | ... | 5.53 | 4.19 | 12.2 | 4.74 | 30.2 |
| cash flow | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| cash flow | ||||||||||||||||||
| Net Profit | CZK mil | 83.0 | 35.3 | 110 | 152 | 17.7 | ||||||||||||
| Depreciation | CZK mil | 112 | 195 | 147 | 150 | 155 | ||||||||||||
| Non-Cash Items | CZK mil | ... | ... | 233 | 232 | 98.0 | -129 | 196 | ||||||||||
| Change in Working Capital | CZK mil | ... | ... | 113 | -328 | 32.5 | 17.6 | -128 | ||||||||||
| Total Cash From Operations | CZK mil | ... | ... | 542 | 135 | 388 | 191 | 241 | ||||||||||
| Capital Expenditures | CZK mil | ... | ... | -264 | -6.74 | -190 | -10.4 | -127 | ||||||||||
| Other Investments | CZK mil | ... | ... | -326 | 87.7 | 160 | 20.9 | 20.8 | ||||||||||
| Total Cash From Investing | CZK mil | ... | ... | -590 | 80.9 | -30.8 | 10.4 | -107 | ||||||||||
| Dividends Paid | CZK mil | ... | ... | -355 | 0 | -251 | -260 | 0 | ||||||||||
| Issuance Of Shares | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | ||
| Issuance Of Debt | CZK mil | ... | ... | 229 | -210 | -151 | -68.0 | -328 | ||||||||||
| Total Cash From Financing | CZK mil | ... | ... | -127 | -211 | -510 | -264 | -287 | ||||||||||
| Net Change In Cash | CZK mil | ... | ... | -175 | 4.21 | -154 | -62.7 | -153 | ||||||||||
| ratios | ||||||||||||||||||
| Days Sales Outstanding | days | 35.0 | 38.9 | 51.2 | 54.9 | 59.7 | ||||||||||||
| Days Sales Of Inventory | days | 78.9 | 91.5 | 71.7 | 63.0 | 73.7 | ||||||||||||
| Days Payable Outstanding | days | 54.9 | 28.8 | 23.2 | 20.6 | 20.7 | ||||||||||||
| Cash Conversion Cycle | days | 59.1 | 102 | 99.7 | 97.3 | 113 | ||||||||||||
| Cash Earnings | CZK mil | 195 | 231 | 257 | 302 | 172 | ||||||||||||
| Free Cash Flow | CZK mil | ... | ... | -47.5 | 215 | 357 | 201 | 134 |
| other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| other data | ||||||||||||||||||
| ROA | % | 1.72 | 0.737 | 2.41 | 3.54 | 0.433 | ||||||||||||
| Gross Margin | % | 21.3 | 17.0 | 20.9 | 22.1 | 21.0 | ||||||||||||
| Employees | 332 | 329 | 346 | 370 | 383 | |||||||||||||
| Cost Per Employee | USD per month | 2,807 | 2,992 | 2,979 | 3,197 | 3,131 | ||||||||||||
| Cost Per Employee (Local Currency) | CZK per month | 53,650 | 52,925 | 58,273 | 62,551 | 66,908 | ||||||||||||
| Staff Cost (As % Of Total Cost) | % | 7.46 | 6.89 | 8.73 | 9.98 | 10.6 | ||||||||||||
| Effective Tax Rate | % | 31.1 | 26.5 | 39.1 | 26.6 | 70.3 | ||||||||||||
| Domestic Sales | CZK mil | 2,705 | 2,544 | 2,386 | 2,316 | 2,221 | ||||||||||||
| Capital Expenditures (As % of Sales) | % | ... | ... | 8.70 | 0.216 | 6.27 | 0.345 | 4.15 | ||||||||||
| Revenues From Abroad | CZK mil | 290 | 332 | 372 | 401 | 454 | ||||||||||||
| Revenues From Abroad (As % Of Total) | % | 9.56 | 10.7 | 12.3 | 13.3 | 14.8 |
Get all company financials in excel:
Karlovarské minerální vody, a.s. (KMV) is a Czech Republic-based producer of mineral and spring water. The Company fills, bottles, and exports natural and flavoured Mattoni and Magnesia mineral water, natural and flavoured Aquila spring water, and several types of ice teas. The Company has been operating in the Czech and Slovak Republics and some 20 other countries worldwide. KMV has around 350 employees. The history of the Company began in 1864 when Heinrich Mattoni (1830-1910) took over the mineral water production at the small spa town of Kyselka near Karlovy Vary in West Bohemia. Mattoni expanded the operations by building a modern bottling plant and establishing a distribution infrastructure to supply its product to spa guests in Kyselka and throughout Bohemia. In the 1880s, the Mattoni brand ranked among the best known in Europe.
Karlovarske Mineralni Vody has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 8.550000000000001% a year during that time to total of CZK 420 mil in 2016, or 12.6% of sales. That’s compared to 12.3% average margin seen in last five years.
The company netted CZK 316 mil in 2016 implying ROE of 10.6% and ROCE of 6.71%. Again, the average figures were 5.36% and 3.81%, respectively when looking at the previous 5 years.
Karlovarske Mineralni Vody’s net debt amounted to CZK 1,299 mil at the end of 2016, or 41.4% of equity. When compared to EBITDA, net debt was 3.09x, up when compared to average of 1.63x seen in the last 5 years.
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