By Helgi Library - March 13, 2025
Kovolit made a net profit of CZK -10.4 mil in 2023, up 77.9% compared to the previous year. Total sales reached CZK 722 mil, whi...
By Helgi Library - March 13, 2025
Kovolit made a net profit of CZK -10.4 mil in 2023, up 77.9% compared to the previous year. Historically, between 2018 and 2...
By Helgi Library - March 13, 2025
Kovolit's net debt stood at CZK 146 mil and accounted for 92.4% of equity at the end of 2023. The ratio is down 26.7 pp ...
| Profit Statement | 2021 | 2022 | 2023 | |
| Sales | CZK mil | 608 | 658 | 722 |
| Gross Profit | CZK mil | 220 | 147 | 206 |
| EBITDA | CZK mil | 19.7 | 16.0 | 51.8 |
| EBIT | CZK mil | -42.6 | -39.7 | -0.231 |
| Financing Cost | CZK mil | 5.66 | 8.16 | 12.2 |
| Pre-Tax Profit | CZK mil | -49.1 | -47.8 | -10.4 |
| Net Profit | CZK mil | -49.1 | -47.3 | -10.4 |
| Balance Sheet | 2021 | 2022 | 2023 | |
| Total Assets | CZK mil | 524 | 515 | 424 |
| Non-Current Assets | CZK mil | 235 | 187 | 156 |
| Current Assets | CZK mil | 270 | 305 | 251 |
| Working Capital | CZK mil | 93.4 | 220 | 192 |
| Shareholders' Equity | CZK mil | 80.4 | 175 | 158 |
| Liabilities | CZK mil | 444 | 340 | 266 |
| Total Debt | CZK mil | 247 | 213 | 165 |
| Net Debt | CZK mil | 237 | 208 | 146 |
| Ratios | 2021 | 2022 | 2023 | |
| ROE | % | -49.8 | -37.1 | -6.27 |
| ROCE | % | -14.1 | -12.9 | -2.77 |
| Gross Margin | % | 36.2 | 22.3 | 28.5 |
| EBITDA Margin | % | 3.25 | 2.44 | 7.17 |
| EBIT Margin | % | -7.01 | -6.03 | -0.032 |
| Net Margin | % | -8.08 | -7.20 | -1.45 |
| Net Debt/EBITDA | 12.0 | 13.0 | 2.83 | |
| Net Debt/Equity | % | 295 | 119 | 92.4 |
| Cost of Financing | % | 2.21 | 3.54 | 6.44 |
| Cash Flow | 2021 | 2022 | 2023 | |
| Total Cash From Operations | CZK mil | 26.9 | 36.6 | 82.9 |
| Total Cash From Investing | CZK mil | -28.1 | -7.81 | -21.2 |
| Total Cash From Financing | CZK mil | -18.5 | -33.9 | -48.1 |
| Net Change In Cash | CZK mil | -19.8 | -5.11 | 13.6 |
| Cash Conversion Cycle | days | 58.9 | 137 | 118 |
| Cash Earnings | CZK mil | 13.2 | 8.38 | 41.6 |
| Free Cash Flow | CZK mil | -1.22 | 28.8 | 61.7 |
Get all company financials in excel:
| overview | Unit | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| income statement | ||||||||
| Sales | CZK mil | 962 | 859 | 718 | 557 | 608 | ||
| Gross Profit | CZK mil | 301 | 275 | 257 | 209 | 220 | ||
| EBIT | CZK mil | 4.88 | -19.5 | -38.9 | -44.3 | -42.6 | ||
| Net Profit | CZK mil | ... | -27.6 | -36.4 | -42.8 | -49.1 | ||
| ROE | % | 1.88 | -10.3 | -19.7 | -30.2 | -49.8 | ||
| EBIT Margin | % | 0.507 | -2.27 | -5.43 | -7.95 | -7.01 | ||
| Net Margin | % | 0.656 | -3.21 | -5.07 | -7.68 | -8.08 | ||
| Employees | ... | ... | ... | 392 | 388 | |||
| balance sheet | ||||||||
| Total Assets | CZK mil | 887 | 709 | 609 | 558 | 524 | ||
| Non-Current Assets | CZK mil | 482 | 327 | 302 | 269 | 235 | ||
| Current Assets | CZK mil | 385 | 358 | 284 | 267 | 270 | ||
| Shareholders' Equity | CZK mil | 335 | 203 | 167 | 117 | 80.4 | ||
| Liabilities | CZK mil | 553 | 506 | 442 | 441 | 444 | ||
| Non-Current Liabilities | CZK mil | 87.4 | 31.8 | 16.0 | 247 | 229 | ||
| Current Liabilities | CZK mil | 460 | 459 | 418 | 189 | 208 | ||
| Net Debt/EBITDA | 4.03 | 4.15 | 6.79 | 20.9 | 12.0 | |||
| Net Debt/Equity | % | 87.1 | 118 | 126 | 201 | 295 | ||
| Cost of Financing | % | ... | 1.81 | 3.63 | 2.11 | 2.21 | ||
| cash flow | ||||||||
| Total Cash From Operations | CZK mil | ... | -25.8 | 75.4 | -3.58 | 26.9 | ||
| Total Cash From Investing | CZK mil | ... | 77.1 | -44.4 | -22.9 | -28.1 | ||
| Total Cash From Financing | CZK mil | ... | -48.6 | -24.0 | 43.6 | -18.5 | ||
| Net Change In Cash | CZK mil | ... | 2.70 | 6.98 | 17.2 | -19.8 |
| income statement | Unit | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| income statement | ||||||||
| Sales | CZK mil | 962 | 859 | 718 | 557 | 608 | ||
| Cost of Goods & Services | CZK mil | 660 | 584 | 460 | 348 | 388 | ||
| Gross Profit | CZK mil | 301 | 275 | 257 | 209 | 220 | ||
| Staff Cost | CZK mil | 230 | 225 | 219 | 197 | 203 | ||
| Other Operating Cost (Income) | CZK mil | -0.834 | -8.17 | 7.27 | 0.832 | -3.11 | ||
| EBITDA | CZK mil | 72.3 | 57.8 | 30.8 | 11.3 | 19.7 | ||
| Depreciation | CZK mil | ... | 77.3 | 69.8 | 55.6 | 62.4 | ||
| EBIT | CZK mil | 4.88 | -19.5 | -38.9 | -44.3 | -42.6 | ||
| Net Financing Cost | CZK mil | -2.75 | 6.99 | 4.26 | 5.50 | 6.50 | ||
| Financing Cost | CZK mil | 3.66 | 4.90 | 8.49 | 5.14 | 5.66 | ||
| Financing Income | CZK mil | 19.3 | 8.54 | 11.1 | 16.5 | 7.80 | ||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | CZK mil | 7.63 | -26.5 | -43.2 | -49.8 | -49.1 | ||
| Tax | CZK mil | 1.32 | 1.11 | -6.78 | -7.03 | 0 | ||
| Net Profit | CZK mil | ... | -27.6 | -36.4 | -42.8 | -49.1 | ||
| Net Profit Avail. to Common | CZK mil | 6.30 | -27.6 | -36.4 | -42.8 | -49.1 | ||
| growth rates | ||||||||
| Total Revenue Growth | % | ... | -10.7 | -16.5 | -22.4 | 9.13 | ||
| Staff Cost Growth | % | ... | -2.03 | -2.62 | -10.2 | 3.25 | ||
| EBITDA Growth | % | ... | -20.0 | -46.7 | -63.5 | 75.4 | ||
| EBIT Growth | % | ... | -500 | 99.6 | 13.8 | -3.80 | ||
| Pre-Tax Profit Growth | % | ... | -447 | 63.0 | 15.3 | -1.37 | ||
| Net Profit Growth | % | ... | -538 | 31.9 | 17.5 | 14.8 | ||
| ratios | ||||||||
| ROE | % | 1.88 | -10.3 | -19.7 | -30.2 | -49.8 | ||
| ROA | % | 0.710 | -3.46 | -5.53 | -7.33 | -9.08 | ||
| ROCE | % | ... | -4.71 | -8.31 | -11.2 | -14.1 | ||
| Gross Margin | % | 31.3 | 32.0 | 35.8 | 37.5 | 36.2 | ||
| EBITDA Margin | % | 7.52 | 6.73 | 4.29 | 2.02 | 3.25 | ||
| EBIT Margin | % | 0.507 | -2.27 | -5.43 | -7.95 | -7.01 | ||
| Net Margin | % | 0.656 | -3.21 | -5.07 | -7.68 | -8.08 | ||
| Cost of Financing | % | ... | 1.81 | 3.63 | 2.11 | 2.21 | ||
| Net Debt/EBITDA | 4.03 | 4.15 | 6.79 | 20.9 | 12.0 |
| balance sheet | Unit | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| balance sheet | ||||||||
| Cash & Cash Equivalents | CZK mil | 3.09 | 5.79 | 12.8 | 30.0 | 10.2 | ||
| Receivables | CZK mil | 157 | 171 | 96.1 | 93.2 | 84.9 | ||
| Inventories | CZK mil | 226 | 181 | 175 | 144 | 175 | ||
| Other ST Assets | CZK mil | 0 | 0 | < 0.001 | 0 | < 0.001 | ||
| Current Assets | CZK mil | 385 | 358 | 284 | 267 | 270 | ||
| Property, Plant & Equipment | CZK mil | 481 | 325 | 298 | 265 | 231 | ||
| LT Investments & Receivables | CZK mil | < 0.001 | < -0.001 | < 0.001 | < 0.001 | < -0.001 | ||
| Intangible Assets | CZK mil | 1.06 | 2.57 | 3.78 | 4.02 | 4.14 | ||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | ||
| Non-Current Assets | CZK mil | 482 | 327 | 302 | 269 | 235 | ||
| Total Assets | CZK mil | 887 | 709 | 609 | 558 | 524 | ||
| Trade Payables | CZK mil | 176 | 196 | 180 | 136 | 167 | ||
| Short-Term Debt | CZK mil | 263 | 236 | 219 | 28.4 | 20.6 | ||
| Other ST Liabilities | CZK mil | 20.6 | 26.8 | 19.8 | 24.9 | 20.5 | ||
| Current Liabilities | CZK mil | 460 | 459 | 418 | 189 | 208 | ||
| Long-Term Debt | CZK mil | 31.3 | 10.2 | 3.27 | 237 | 227 | ||
| Other LT Liabilities | CZK mil | 56.1 | 21.5 | 12.7 | 10.0 | 2.85 | ||
| Non-Current Liabilities | CZK mil | 87.4 | 31.8 | 16.0 | 247 | 229 | ||
| Liabilities | CZK mil | 553 | 506 | 442 | 441 | 444 | ||
| Equity Before Minority Interest | CZK mil | 335 | 203 | 167 | 117 | 80.4 | ||
| Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||
| Equity | CZK mil | 335 | 203 | 167 | 117 | 80.4 | ||
| growth rates | ||||||||
| Total Asset Growth | % | ... | -20.1 | -14.2 | -8.33 | -6.04 | ||
| Shareholders' Equity Growth | % | ... | -39.3 | -17.9 | -29.8 | -31.2 | ||
| Net Debt Growth | % | ... | -17.6 | -12.9 | 12.6 | 0.519 | ||
| Total Debt Growth | % | ... | -16.5 | -9.77 | 19.7 | -6.98 | ||
| ratios | ||||||||
| Total Debt | CZK mil | 295 | 246 | 222 | 266 | 247 | ||
| Net Debt | CZK mil | 292 | 240 | 209 | 236 | 237 | ||
| Working Capital | CZK mil | 207 | 156 | 91.3 | 101 | 93.4 | ||
| Capital Employed | CZK mil | 688 | 483 | 393 | 371 | 328 | ||
| Net Debt/Equity | % | 87.1 | 118 | 126 | 201 | 295 | ||
| Current Ratio | 0.838 | 0.780 | 0.678 | 1.41 | 1.30 | |||
| Quick Ratio | 0.347 | 0.385 | 0.260 | 0.652 | 0.457 |
| cash flow | Unit | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| cash flow | ||||||||
| Net Profit | CZK mil | ... | -27.6 | -36.4 | -42.8 | -49.1 | ||
| Depreciation | CZK mil | ... | 77.3 | 69.8 | 55.6 | 62.4 | ||
| Non-Cash Items | CZK mil | ... | -126 | -22.7 | -6.18 | 5.62 | ||
| Change in Working Capital | CZK mil | ... | 50.6 | 64.7 | -10.2 | 8.07 | ||
| Total Cash From Operations | CZK mil | ... | -25.8 | 75.4 | -3.58 | 26.9 | ||
| Capital Expenditures | CZK mil | ... | 77.1 | -44.4 | -22.9 | -28.1 | ||
| Total Cash From Investing | CZK mil | ... | 77.1 | -44.4 | -22.9 | -28.1 | ||
| Issuance Of Debt | CZK mil | ... | -48.6 | -24.0 | 43.6 | -18.5 | ||
| Total Cash From Financing | CZK mil | ... | -48.6 | -24.0 | 43.6 | -18.5 | ||
| Net Change In Cash | CZK mil | ... | 2.70 | 6.98 | 17.2 | -19.8 | ||
| ratios | ||||||||
| Days Sales Outstanding | days | 59.5 | 72.5 | 48.9 | 61.1 | 51.0 | ||
| Days Sales Of Inventory | days | 125 | 113 | 139 | 151 | 165 | ||
| Days Payable Outstanding | days | 97.1 | 122 | 142 | 142 | 157 | ||
| Cash Conversion Cycle | days | 87.1 | 63.4 | 45.0 | 69.7 | 58.9 | ||
| Cash Earnings | CZK mil | 73.7 | 49.7 | 33.3 | 12.8 | 13.2 | ||
| Free Cash Flow | CZK mil | ... | 51.3 | 31.0 | -26.4 | -1.22 | ||
| Capital Expenditures (As % of Sales) | % | ... | -8.97 | 6.18 | 4.10 | 4.63 |
| other ratios | Unit | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Employees | ... | ... | ... | 392 | 388 | |||
| Cost Per Employee | USD per month | ... | ... | ... | 1,902 | 1,967 | ||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | 41,847 | 43,652 | ||
| Material & Energy (As % of Sales) | % | 40.9 | 47.5 | 41.2 | 44.9 | 46.3 | ||
| Services (As % of Sales) | % | 17.2 | 17.2 | 21.1 | 16.8 | 16.3 | ||
| Staff Cost (As % of Sales) | % | 23.9 | 26.2 | 30.5 | 35.3 | 33.4 | ||
| Effective Tax Rate | % | 17.4 | -4.19 | 15.7 | 14.1 | 0 | ||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - March 13, 2025
Kovolit made a net profit of CZK -10.4 mil with revenues of CZK 722 mil in 2023, up by 77.9% and up by 9.75%, respectively, compared to the previous year. This translates into a net margin of -1.45%. Historically, between 2017 and 2023, the firm’s...
By Helgi Library - March 13, 2025
Kovolit invested a total of CZK 21.2 mil in 2023, up 172% compared to the previous year. Historically, between 2018 - 2023, the company's investments stood at a high of CZK 44.4 mil in 2019 and a low of CZK -77.1 mil in 2018. As a per...
Kovolit has been growing its sales by -3.43% a year on average in the last 5 years. EBITDA has fallen on average by 2.18% a year during that time to total of CZK 51.8 mil in 2023, or 7.17% of sales. That’s compared to 3.83% average margin seen in last five years.
The company netted CZK -10.4 mil in 2023 implying ROE of -6.27% and ROCE of -2.77%. Again, the average figures were -28.6% and -9.84%, respectively when looking at the previous 5 years.
Kovolit’s net debt amounted to CZK 146 mil at the end of 2023, or 92.4% of equity. When compared to EBITDA, net debt was 2.83x, down when compared to average of 11.1x seen in the last 5 years.
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