By Helgi Library - December 4, 2020
Lesy Ceske republiky made a net profit of CZK -788 mil with revenues of CZK 7,195 mil in 2019, down by 1% and down by 5.2...
By Helgi Library - December 4, 2020
Lesy Ceske republiky made a net profit of CZK -788 mil with revenues of CZK 7,195 mil in 2019, down by 1% and down by 5.2...
By Helgi Library - December 4, 2020
Lesy Ceske republiky employed 3,450 employees in 2019, down 2.49% compared to the previous year. Historically, between ...
| Profit Statement | 2017 | 2018 | 2019 | |
| Sales | CZK mil | 10,161 | 7,596 | 7,195 |
| Gross Profit | CZK mil | 6,141 | 3,075 | 1,199 |
| EBITDA | CZK mil | 4,463 | 1,012 | -55.2 |
| EBIT | CZK mil | 3,690 | 158 | -923 |
| Financing Cost | CZK mil | 0 | 0 | 0.012 |
| Pre-Tax Profit | CZK mil | 3,744 | 238 | -863 |
| Net Profit | CZK mil | 3,084 | 69.0 | -788 |
| Balance Sheet | 2017 | 2018 | 2019 | |
| Total Assets | CZK mil | 67,408 | 65,373 | 64,814 |
| Non-Current Assets | CZK mil | 62,144 | 60,398 | 60,259 |
| Current Assets | CZK mil | 5,160 | 4,885 | 4,441 |
| Working Capital | CZK mil | 638 | 1,050 | 1,443 |
| Shareholders' Equity | CZK mil | 64,985 | 62,412 | 61,699 |
| Liabilities | CZK mil | 2,423 | 2,961 | 3,115 |
| Total Debt | CZK mil | 239 | 78.0 | 88.4 |
| Net Debt | CZK mil | -5,482 | -2,853 | -1,699 |
| Ratios | 2017 | 2018 | 2019 | |
| ROE | % | 4.74 | 0.108 | -1.27 |
| ROCE | % | 4.94 | 0.111 | -1.28 |
| Gross Margin | % | 60.4 | 40.5 | 16.7 |
| EBITDA Margin | % | 43.9 | 13.3 | -0.768 |
| EBIT Margin | % | 36.3 | 2.08 | -12.8 |
| Net Margin | % | 30.4 | 0.908 | -11.0 |
| Net Debt/EBITDA | -1.23 | -2.82 | 30.7 | |
| Net Debt/Equity | % | -8.44 | -4.57 | -2.75 |
| Cost of Financing | % | 0 | 0 | 0.014 |
| Cash Flow | 2017 | 2018 | 2019 | |
| Total Cash From Operations | CZK mil | 4,895 | 3,034 | 135 |
| Total Cash From Investing | CZK mil | -1,823 | -1,199 | -760 |
| Total Cash From Financing | CZK mil | -3,065 | -2,539 | 18.0 |
| Net Change In Cash | CZK mil | 7.00 | -704 | -607 |
| Cash Conversion Cycle | days | -16.3 | 39.6 | 74.4 |
| Cash Earnings | CZK mil | 3,856 | 922 | 79.5 |
| Free Cash Flow | CZK mil | 3,072 | 1,835 | -625 |
Get all company financials in excel:
| overview | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | |||||||||||||||||||||
| Sales | CZK mil | 11,522 | 12,118 | 11,848 | 10,881 | 10,161 | |||||||||||||||
| Gross Profit | CZK mil | 6,842 | 7,877 | 7,832 | 6,874 | 6,141 | |||||||||||||||
| EBIT | CZK mil | 4,599 | 7,662 | 6,357 | 4,846 | 3,690 | |||||||||||||||
| Net Profit | CZK mil | 3,990 | 6,818 | 5,395 | 4,159 | 3,084 | |||||||||||||||
| ROE | % | 5.26 | 9.22 | 7.66 | 6.25 | 4.74 | |||||||||||||||
| EBIT Margin | % | 39.9 | 63.2 | 53.7 | 44.5 | 36.3 | |||||||||||||||
| Net Margin | % | 34.6 | 56.3 | 45.5 | 38.2 | 30.4 | |||||||||||||||
| Employees | 3,271 | 3,335 | 3,376 | 3,475 | 3,563 | ||||||||||||||||
| balance sheet | |||||||||||||||||||||
| Total Assets | CZK mil | 79,853 | 76,147 | 70,338 | 67,513 | 67,408 | |||||||||||||||
| Non-Current Assets | CZK mil | 67,680 | 64,369 | 62,153 | 61,284 | 62,144 | |||||||||||||||
| Current Assets | CZK mil | 12,056 | 11,684 | 8,123 | 6,128 | 5,160 | |||||||||||||||
| Shareholders' Equity | CZK mil | 74,804 | 73,022 | 67,906 | 65,216 | 64,985 | |||||||||||||||
| Liabilities | CZK mil | 5,049 | 3,124 | 2,432 | 2,297 | 2,423 | |||||||||||||||
| Non-Current Liabilities | CZK mil | 156 | 166 | 181 | 108 | 69.0 | |||||||||||||||
| Current Liabilities | CZK mil | 1,229 | 1,171 | 1,138 | 1,271 | 1,332 | |||||||||||||||
| Net Debt/EBITDA | -2.74 | -1.56 | -1.31 | -0.825 | -1.23 | ||||||||||||||||
| Net Debt/Equity | % | -19.5 | -17.9 | -13.6 | -7.01 | -8.44 | |||||||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | ||
| cash flow | |||||||||||||||||||||
| Total Cash From Operations | CZK mil | 7,529 | 7,740 | 5,767 | 4,409 | 4,895 | |||||||||||||||
| Total Cash From Investing | CZK mil | -910 | -925 | -1,173 | -1,293 | -1,823 | |||||||||||||||
| Total Cash From Financing | CZK mil | -6,010 | -6,504 | -8,197 | -5,630 | -3,065 | |||||||||||||||
| Net Change In Cash | CZK mil | 609 | 311 | -3,602 | -2,514 | 7.00 |
| income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | |||||||||||||||||||||
| Sales | CZK mil | 11,522 | 12,118 | 11,848 | 10,881 | 10,161 | |||||||||||||||
| Cost of Goods & Services | CZK mil | 4,680 | 4,241 | 4,016 | 4,007 | 4,020 | |||||||||||||||
| Gross Profit | CZK mil | 6,842 | 7,877 | 7,832 | 6,874 | 6,141 | |||||||||||||||
| Staff Cost | CZK mil | 1,656 | 1,713 | 1,735 | 1,802 | 1,911 | |||||||||||||||
| Other Operating Cost (Income) | CZK mil | -133 | -2,186 | -918 | -468 | -233 | |||||||||||||||
| EBITDA | CZK mil | 5,319 | 8,350 | 7,015 | 5,540 | 4,463 | |||||||||||||||
| Depreciation | CZK mil | 720 | 689 | 658 | 694 | 772 | |||||||||||||||
| EBIT | CZK mil | 4,599 | 7,662 | 6,357 | 4,846 | 3,690 | |||||||||||||||
| Net Financing Cost | CZK mil | -357 | -302 | -137 | -138 | -53.2 | |||||||||||||||
| Financing Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | ||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Pre-Tax Profit | CZK mil | 4,957 | 7,963 | 6,494 | 4,984 | 3,744 | |||||||||||||||
| Tax | CZK mil | 967 | 1,145 | 1,099 | 825 | 660 | |||||||||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Net Profit | CZK mil | 3,990 | 6,818 | 5,395 | 4,159 | 3,084 | |||||||||||||||
| Net Profit Avail. to Common | CZK mil | 3,990 | 6,818 | 5,395 | 4,159 | 3,084 | |||||||||||||||
| growth rates | |||||||||||||||||||||
| Total Revenue Growth | % | ... | -1.02 | 5.17 | -2.23 | -8.16 | -6.61 | ||||||||||||||
| Staff Cost Growth | % | ... | 3.47 | 3.41 | 1.32 | 3.84 | 6.05 | ||||||||||||||
| EBITDA Growth | % | ... | -8.01 | 57.0 | -16.0 | -21.0 | -19.5 | ||||||||||||||
| EBIT Growth | % | ... | -9.70 | 66.6 | -17.0 | -23.8 | -23.8 | ||||||||||||||
| Pre-Tax Profit Growth | % | ... | -9.52 | 60.7 | -18.5 | -23.2 | -24.9 | ||||||||||||||
| Net Profit Growth | % | ... | -9.49 | 70.9 | -20.9 | -22.9 | -25.8 | ||||||||||||||
| ratios | |||||||||||||||||||||
| ROE | % | 5.26 | 9.22 | 7.66 | 6.25 | 4.74 | |||||||||||||||
| ROA | % | 4.94 | 8.74 | 7.37 | 6.03 | 4.57 | |||||||||||||||
| ROCE | % | ... | 5.74 | 10.2 | 8.44 | 6.67 | 4.94 | ||||||||||||||
| Gross Margin | % | 59.4 | 65.0 | 66.1 | 63.2 | 60.4 | |||||||||||||||
| EBITDA Margin | % | 46.2 | 68.9 | 59.2 | 50.9 | 43.9 | |||||||||||||||
| EBIT Margin | % | 39.9 | 63.2 | 53.7 | 44.5 | 36.3 | |||||||||||||||
| Net Margin | % | 34.6 | 56.3 | 45.5 | 38.2 | 30.4 | |||||||||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | ||
| Net Debt/EBITDA | -2.74 | -1.56 | -1.31 | -0.825 | -1.23 |
| balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| balance sheet | |||||||||||||||||||||
| Cash & Cash Equivalents | CZK mil | 10,068 | 10,064 | 6,684 | 2,563 | 3,644 | |||||||||||||||
| Receivables | CZK mil | 1,604 | 1,369 | 1,193 | 1,517 | 1,353 | |||||||||||||||
| Inventories | CZK mil | 160 | 160 | 152 | 159 | 154 | |||||||||||||||
| Other ST Assets | CZK mil | 225 | 91.5 | 93.0 | 1,888 | 9.00 | |||||||||||||||
| Current Assets | CZK mil | 12,056 | 11,684 | 8,123 | 6,128 | 5,160 | |||||||||||||||
| Property, Plant & Equipment | CZK mil | 62,623 | 60,961 | 59,287 | 58,915 | 59,736 | |||||||||||||||
| LT Investments & Receivables | CZK mil | 4,633 | 3,091 | 2,573 | 2,077 | 2,077 | |||||||||||||||
| Intangible Assets | CZK mil | 424 | 317 | 292 | 292 | 331 | |||||||||||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Non-Current Assets | CZK mil | 67,680 | 64,369 | 62,153 | 61,284 | 62,144 | |||||||||||||||
| Total Assets | CZK mil | 79,853 | 76,147 | 70,338 | 67,513 | 67,408 | |||||||||||||||
| Trade Payables | CZK mil | 855 | 685 | 818 | 911 | 869 | |||||||||||||||
| Short-Term Debt | CZK mil | 110 | 109 | 53.1 | 70.9 | 239 | |||||||||||||||
| Other ST Liabilities | CZK mil | 264 | 377 | 267 | 289 | 225 | |||||||||||||||
| Current Liabilities | CZK mil | 1,229 | 1,171 | 1,138 | 1,271 | 1,332 | |||||||||||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Other LT Liabilities | CZK mil | 156 | 166 | 181 | 108 | 69.0 | |||||||||||||||
| Non-Current Liabilities | CZK mil | 156 | 166 | 181 | 108 | 69.0 | |||||||||||||||
| Liabilities | CZK mil | 5,049 | 3,124 | 2,432 | 2,297 | 2,423 | |||||||||||||||
| Equity Before Minority Interest | CZK mil | 74,804 | 73,022 | 67,906 | 65,216 | 64,985 | |||||||||||||||
| Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Equity | CZK mil | 74,804 | 73,022 | 67,906 | 65,216 | 64,985 | |||||||||||||||
| growth rates | |||||||||||||||||||||
| Total Asset Growth | % | ... | -2.42 | -4.64 | -7.63 | -4.02 | -0.156 | ||||||||||||||
| Shareholders' Equity Growth | % | ... | -2.81 | -2.38 | -7.01 | -3.96 | -0.354 | ||||||||||||||
| Net Debt Growth | % | ... | -14.6 | -10.6 | -29.4 | -50.4 | 20.0 | ||||||||||||||
| Total Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -0.213 | -51.5 | 33.4 | 237 | ||
| ratios | |||||||||||||||||||||
| Total Debt | CZK mil | 110 | 109 | 53.1 | 70.9 | 239 | |||||||||||||||
| Net Debt | CZK mil | -14,591 | -13,045 | -9,204 | -4,569 | -5,482 | |||||||||||||||
| Working Capital | CZK mil | 908 | 844 | 527 | 766 | 638 | |||||||||||||||
| Capital Employed | CZK mil | 68,588 | 65,213 | 62,680 | 62,050 | 62,782 | |||||||||||||||
| Net Debt/Equity | % | -19.5 | -17.9 | -13.6 | -7.01 | -8.44 | |||||||||||||||
| Current Ratio | 9.81 | 9.98 | 7.14 | 4.82 | 3.87 | ||||||||||||||||
| Quick Ratio | 9.50 | 9.76 | 6.92 | 3.21 | 3.75 |
| cash flow | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| cash flow | |||||||||||||||||||||
| Net Profit | CZK mil | 3,990 | 6,818 | 5,395 | 4,159 | 3,084 | |||||||||||||||
| Depreciation | CZK mil | 720 | 689 | 658 | 694 | 772 | |||||||||||||||
| Non-Cash Items | CZK mil | ... | 2,779 | 170 | -603 | -206 | 912 | ||||||||||||||
| Change in Working Capital | CZK mil | ... | 40.4 | 63.6 | 317 | -239 | 127 | ||||||||||||||
| Total Cash From Operations | CZK mil | 7,529 | 7,740 | 5,767 | 4,409 | 4,895 | |||||||||||||||
| Capital Expenditures | CZK mil | -1,170 | -1,082 | -1,394 | -1,293 | -1,823 | |||||||||||||||
| Other Investing Activities | CZK mil | 260 | 157 | 222 | 0 | 0 | |||||||||||||||
| Total Cash From Investing | CZK mil | -910 | -925 | -1,173 | -1,293 | -1,823 | |||||||||||||||
| Issuance Of Shares | CZK mil | 0 | 0 | 0 | ... | ... | ... | ... | |||||||||||||
| Issuance Of Debt | CZK mil | ... | 110 | -0.234 | -56.4 | 17.8 | 168 | ||||||||||||||
| Total Cash From Financing | CZK mil | -6,010 | -6,504 | -8,197 | -5,630 | -3,065 | |||||||||||||||
| Net Change In Cash | CZK mil | 609 | 311 | -3,602 | -2,514 | 7.00 | |||||||||||||||
| ratios | |||||||||||||||||||||
| Days Sales Outstanding | days | 50.8 | 41.2 | 36.8 | 50.9 | 48.6 | |||||||||||||||
| Days Sales Of Inventory | days | 12.4 | 13.7 | 13.8 | 14.5 | 14.0 | |||||||||||||||
| Days Payable Outstanding | days | 66.7 | 58.9 | 74.4 | 83.0 | 78.9 | |||||||||||||||
| Cash Conversion Cycle | days | -3.46 | -3.95 | -23.8 | -17.6 | -16.3 | |||||||||||||||
| Cash Earnings | CZK mil | 4,709 | 7,507 | 6,053 | 4,853 | 3,856 | |||||||||||||||
| Free Cash Flow | CZK mil | 6,619 | 6,815 | 4,595 | 3,116 | 3,072 | |||||||||||||||
| Capital Expenditures (As % of Sales) | % | 10.2 | 8.93 | 11.8 | 11.9 | 17.9 |
| other ratios | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Employees | 3,271 | 3,335 | 3,376 | 3,475 | 3,563 | ||||||||||||||||
| Cost Per Employee | USD per month | 2,157 | 2,002 | 1,795 | 1,713 | 1,905 | |||||||||||||||
| Cost Per Employee (Local Currency) | CZK per month | 42,195 | 42,795 | 42,834 | 43,213 | 44,696 | |||||||||||||||
| Material & Energy (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.06 | 3.65 | ||
| Services (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 33.8 | 35.9 | ||
| Staff Cost (As % of Sales) | % | 14.4 | 14.1 | 14.6 | 16.6 | 18.8 | |||||||||||||||
| Effective Tax Rate | % | 19.5 | 14.4 | 16.9 | 16.6 | 17.6 | |||||||||||||||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... | 6.52 | 9.63 | 3.99 | -1.47 | -2.68 | ||||||||||
| Total Revenue Growth (10-year average) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.78 | 10.1 | 6.63 | 0.823 | -0.082 |
Get all company financials in excel:
By Helgi Library - December 4, 2020
Lesy Ceske republiky employed 3,450 employees in 2019, down 2.49% compared to the previous year. Historically, between 2000 and 2019, the firm's workforce hit a high of 3,748 employees in 2000 and a low of 3,177 employees in 2011. Average personnel c...
By Helgi Library - December 4, 2020
Lesy Ceske republiky's net debt stood at CZK -1,699 mil and accounted for -2.75% of equity at the end of 2019. The ratio is up 1.82 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of -2.75% in 2019 and ...
By Helgi Library - December 4, 2020
Lesy Ceske republiky's net debt stood at CZK -1,699 mil and accounted for -2.75% of equity at the end of 2019. The ratio is up 1.82 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of -2.75% in 2019 and ...
By Helgi Library - December 4, 2020
Lesy Ceske republiky made a net profit of CZK -788 mil in 2019, down 1% compared to the previous year. Historically, between 2000 and 2019, the company's net profit reached a high of CZK 6,818 mil in 2014 and a low of CZK -788 mil in 2019. The result impl...
By Helgi Library - December 4, 2020
Lesy Ceske republiky made a net profit of CZK -788 mil in 2019, down 1% compared to the previous year. Historically, between 2000 and 2019, the company's net profit reached a high of CZK 6,818 mil in 2014 and a low of CZK -788 mil in 2019. The result impl...
By Helgi Library - December 4, 2020
Lesy Ceske republiky's total assets reached CZK 64,814 mil at the end of 2019, down 0.855% compared to the previous year. Current assets amounted to CZK 4,441 mil, or 6.85% of total assets while cash stood at CZK 1,763 mil at the end of 201...
By Helgi Library - December 4, 2020
Lesy Ceske republiky's total assets reached CZK 64,814 mil at the end of 2019, down 0.855% compared to the previous year. Current assets amounted to CZK 4,441 mil, or 6.85% of total assets while cash stood at CZK 1,763 mil at the end of 201...
By Helgi Library - December 4, 2020
Lesy Ceske republiky made a net profit of CZK -788 mil with revenues of CZK 7,195 mil in 2019, down by 1.00% and down by 5.28%, respectively, compared to the previous year. This translates into a net margin of -11.0%. Historically, between 2000 and 2019...
By Helgi Library - December 4, 2020
Lesy Ceske republiky made a net profit of CZK -788 mil with revenues of CZK 7,195 mil in 2019, down by 1.00% and down by 5.28%, respectively, compared to the previous year. This translates into a net margin of -11.0%. Historically, between 2000 and 2019...
By Helgi Library - December 4, 2020
Lesy Ceske republiky invested a total of CZK 760 mil in 2019, down 36.6% compared to the previous year. Historically, between 2000 - 2019, the company's investments stood at a high of CZK 1,823 mil in 2017 and a low of CZK 617 mil in 2001. ...
Lesy České republiky s.p. is the Czech Republic-based state-owned company, which was established by the Ministry of Agriculture in 1992. The Company's main business activities are related to the management of 1.3 mil hectares of forest (approximately 86% of total area of forest in the ownership of the Czech State) and more than 39,000 km of rivers and creeks. The Company processes approximately 7 mil cubic metres of wood per year, which is roughly 72% of the annual addition of the forest. The Company is based in Hradec Kralove, a town with the highest-quality life in the Czech republic, according to a number of polls
Lesy Ceske republiky has been growing its sales by -9.90% a year on average in the last 5 years. EBITDA has fallen by 101% during that time to total of CZK -55.2 mil in 2019, or -0.768% of sales. That’s compared to 33.3% average margin seen in last five years.
The company netted CZK -788 mil in 2019 implying ROE of -1.27% and ROCE of -1.28%. Again, the average figures were 3.50% and 3.78%, respectively when looking at the previous 5 years.
Lesy Ceske republiky’s net debt amounted to CZK -1,699 mil at the end of 2019, or -2.75% of equity. When compared to EBITDA, net debt was 30.7x, up when compared to average of 4.91x seen in the last 5 years.
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