By Helgi Library - April 2, 2020
Mora Moravia's total assets reached CZK 1,028 mil at the end of 2015, up 3.22% compared to the previous year. Curr...
By Helgi Library - April 2, 2020
Mora Moravia's total assets reached CZK 1,028 mil at the end of 2015, up 3.22% compared to the previous year. Curr...
Profit Statement | 2013 | 2014 | 2015 | |
Sales | CZK mil | 1,811 | 1,894 | 1,884 |
Gross Profit | CZK mil | 360 | 375 | 361 |
EBITDA | CZK mil | 166 | 183 | 164 |
EBIT | CZK mil | 113 | 135 | 120 |
Financing Cost | CZK mil | 5.36 | 5.69 | 4.70 |
Pre-Tax Profit | CZK mil | 108 | 129 | 116 |
Net Profit | CZK mil | 86.8 | 104 | 93.4 |
Balance Sheet | 2013 | 2014 | 2015 | |
Total Assets | CZK mil | 1,095 | 995 | 1,028 |
Non-Current Assets | CZK mil | 293 | 267 | 360 |
Current Assets | CZK mil | 798 | 722 | 649 |
Working Capital | CZK mil | 437 | 362 | 223 |
Shareholders' Equity | CZK mil | 520 | 539 | 528 |
Liabilities | CZK mil | 575 | 457 | 500 |
Total Debt | CZK mil | 115 | 31.2 | 16.9 |
Net Debt | CZK mil | 114 | 27.0 | 6.71 |
Ratios | 2013 | 2014 | 2015 | |
ROE | % | 17.0 | 19.7 | 17.5 |
ROCE | % | 12.8 | 15.4 | 15.4 |
Gross Margin | % | 19.9 | 19.8 | 19.1 |
EBITDA Margin | % | 9.15 | 9.69 | 8.72 |
EBIT Margin | % | 6.24 | 7.11 | 6.39 |
Net Margin | % | 4.79 | 5.51 | 4.96 |
Net Debt/EBITDA | 0.690 | 0.147 | 0.041 | |
Net Debt/Equity | 0.220 | 0.050 | 0.013 | |
Cost of Financing | % | 9.15 | 7.78 | 19.5 |
Cash Flow | 2013 | 2014 | 2015 | |
Cash Conversion Cycle | days | 79.4 | 60.8 | 30.1 |
Cash Earnings | CZK mil | 139 | 153 | 137 |
Get all company financials in excel:
summary | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | ||||||||||||
Sales | CZK mil | 1,222 | 1,285 | 1,368 | 1,596 | 1,811 | ||||||
Gross Profit | CZK mil | 269 | 270 | 273 | 335 | 360 | ||||||
EBIT | CZK mil | 31.5 | 59.5 | 63.4 | 88.8 | 113 | ||||||
Net Profit | CZK mil | 40.6 | 48.9 | 61.3 | 65.8 | 86.8 | ||||||
ROE | % | 9.36 | 10.8 | 12.7 | 13.2 | 17.0 | ||||||
EBIT Margin | % | 2.58 | 4.63 | 4.64 | 5.56 | 6.24 | ||||||
Net Margin | % | 3.32 | 3.81 | 4.48 | 4.12 | 4.79 | ||||||
Employees | 671 | 620 | 602 | 605 | 628 | |||||||
balance sheet | ||||||||||||
Total Assets | CZK mil | 814 | 892 | 945 | 1,021 | 1,095 | ||||||
Non-Current Assets | CZK mil | 225 | 206 | 207 | 331 | 293 | ||||||
Current Assets | CZK mil | 586 | 683 | 736 | 688 | 798 | ||||||
Shareholders' Equity | CZK mil | 437 | 472 | 494 | 501 | 520 | ||||||
Liabilities | CZK mil | 377 | 420 | 451 | 520 | 575 | ||||||
Non-Current Liabilities | CZK mil | 8.89 | 10.5 | 10.2 | 6.62 | 9.54 | ||||||
Current Liabilities | CZK mil | 293 | 308 | 358 | 481 | 431 | ||||||
Net Debt/EBITDA | 0.621 | 0.731 | 0.315 | 0.003 | 0.690 | |||||||
Net Debt/Equity | 0.104 | 0.155 | 0.065 | < 0.001 | 0.220 | |||||||
Cost of Financing | % | ... | -10.7 | -2.45 | -22.6 | 40.0 | 9.15 |
income statement | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | ||||||||||||
Sales | CZK mil | 1,222 | 1,285 | 1,368 | 1,596 | 1,811 | ||||||
Cost of Goods & Services | CZK mil | 954 | 1,014 | 1,095 | 1,261 | 1,451 | ||||||
Gross Profit | CZK mil | 269 | 270 | 273 | 335 | 360 | ||||||
Staff Cost | CZK mil | 193 | 192 | 198 | 212 | 216 | ||||||
Other Cost | CZK mil | 2.32 | -21.5 | -27.4 | -7.33 | -21.2 | ||||||
EBITDA | CZK mil | 73.5 | 99.9 | 102 | 130 | 166 | ||||||
Depreciation | CZK mil | 42.0 | 40.4 | 38.2 | 41.5 | 52.6 | ||||||
EBIT | CZK mil | 31.5 | 59.5 | 63.4 | 88.8 | 113 | ||||||
Financing Cost | CZK mil | -12.0 | -1.48 | -12.2 | 7.08 | 5.36 | ||||||
Extraordinary Cost | CZK mil | -0.001 | -0.003 | 0 | 0 | 0 | ||||||
Pre-Tax Profit | CZK mil | 43.5 | 61.0 | 75.6 | 81.7 | 108 | ||||||
Tax | CZK mil | 2.90 | 12.1 | 14.3 | 15.9 | 20.6 | ||||||
Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
Net Profit | CZK mil | 40.6 | 48.9 | 61.3 | 65.8 | 86.8 | ||||||
growth rates | ||||||||||||
Total Revenue Growth | % | ... | -13.6 | 5.09 | 6.47 | 16.7 | 13.5 | |||||
Operating Cost Growth | % | ... | -3.27 | -12.9 | 0.405 | 19.8 | -5.03 | |||||
EBITDA Growth | % | ... | 22.3 | 35.9 | 1.79 | 28.2 | 27.1 | |||||
EBIT Growth | % | ... | 49.1 | 88.9 | 6.62 | 39.9 | 27.3 | |||||
Pre-Tax Profit Growth | % | ... | 504 | 40.3 | 24.0 | 8.07 | 31.7 | |||||
Net Profit Growth | % | ... | 786 | 20.5 | 25.3 | 7.35 | 32.0 | |||||
ratios | ||||||||||||
ROE | % | 9.36 | 10.8 | 12.7 | 13.2 | 17.0 | ||||||
ROCE | % | ... | 6.65 | 8.17 | 9.64 | 10.4 | 12.8 | |||||
Gross Margin | % | 22.0 | 21.0 | 19.9 | 21.0 | 19.9 | ||||||
EBITDA Margin | % | 6.01 | 7.77 | 7.43 | 8.17 | 9.15 | ||||||
EBIT Margin | % | 2.58 | 4.63 | 4.64 | 5.56 | 6.24 | ||||||
Net Margin | % | 3.32 | 3.81 | 4.48 | 4.12 | 4.79 | ||||||
Cost of Financing | % | ... | -10.7 | -2.45 | -22.6 | 40.0 | 9.15 | |||||
Net Debt/EBITDA | 0.621 | 0.731 | 0.315 | 0.003 | 0.690 |
balance sheet | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
balance sheet | ||||||||||||
Non-Current Assets | CZK mil | 225 | 206 | 207 | 331 | 293 | ||||||
Property, Plant & Equipment | CZK mil | 224 | 206 | 189 | 245 | 226 | ||||||
Intangible Assets | CZK mil | 0.409 | 0.691 | 18.1 | 85.6 | 67.5 | ||||||
Current Assets | CZK mil | 586 | 683 | 736 | 688 | 798 | ||||||
Inventories | CZK mil | 96.8 | 153 | 174 | 194 | 181 | ||||||
Receivables | CZK mil | 481 | 521 | 567 | 486 | 609 | ||||||
Cash & Cash Equivalents | CZK mil | 1.10 | 1.27 | 1.14 | 1.86 | 0.760 | ||||||
Total Assets | CZK mil | 814 | 892 | 945 | 1,021 | 1,095 | ||||||
Shareholders' Equity | CZK mil | 437 | 472 | 494 | 501 | 520 | ||||||
Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
Liabilities | CZK mil | 377 | 420 | 451 | 520 | 575 | ||||||
Non-Current Liabilities | CZK mil | 8.89 | 10.5 | 10.2 | 6.62 | 9.54 | ||||||
Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 30.9 | ||||||
Deferred Tax Liabilities | CZK mil | 7.96 | 10.4 | 10.2 | 6.62 | 9.54 | ||||||
Current Liabilities | CZK mil | 293 | 308 | 358 | 481 | 431 | ||||||
Short-Term Debt | CZK mil | 46.7 | 74.3 | 33.2 | 2.21 | 84.2 | ||||||
Trade Payables | CZK mil | 238 | 249 | 310 | 382 | 354 | ||||||
Provisions | CZK mil | 21.0 | 26.1 | 17.3 | 29.8 | 18.0 | ||||||
Equity And Liabilities | CZK mil | 814 | 892 | 945 | 1,021 | 1,095 | ||||||
growth rates | ||||||||||||
Total Asset Growth | % | ... | -13.1 | 9.52 | 5.95 | 8.08 | 7.26 | |||||
Shareholders' Equity Growth | % | ... | 1.70 | 7.84 | 4.60 | 1.46 | 3.93 | |||||
Net Debt Growth | % | ... | -73.7 | 60.1 | -56.1 | -98.9 | 32,269 | |||||
Total Debt Growth | % | ... | -73.7 | 59.1 | -55.3 | -93.3 | 5,105 | |||||
ratios | ||||||||||||
Total Debt | CZK mil | 46.7 | 74.3 | 33.2 | 2.21 | 115 | ||||||
Net Debt | CZK mil | 45.6 | 73.0 | 32.1 | 0.353 | 114 | ||||||
Working Capital | CZK mil | 340 | 426 | 432 | 298 | 437 | ||||||
Capital Employed | CZK mil | 564 | 633 | 639 | 629 | 730 | ||||||
Net Debt/Equity | 0.104 | 0.155 | 0.065 | < 0.001 | 0.220 | |||||||
Cost of Financing | % | ... | -10.7 | -2.45 | -22.6 | 40.0 | 9.15 |
cash flow | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
cash flow | ||||||||||||
Net Profit | CZK mil | 40.6 | 48.9 | 61.3 | 65.8 | 86.8 | ||||||
Depreciation | CZK mil | 42.0 | 40.4 | 38.2 | 41.5 | 52.6 | ||||||
ratios | ||||||||||||
Days Sales Outstanding | days | 144 | 148 | 151 | 111 | 123 | ||||||
Days Sales Of Inventory | days | 37.0 | 55.2 | 58.0 | 56.1 | 45.7 | ||||||
Days Payable Outstanding | days | 91.1 | 89.5 | 103 | 110 | 89.1 | ||||||
Cash Conversion Cycle | days | 89.5 | 114 | 106 | 56.7 | 79.4 | ||||||
Cash Earnings | CZK mil | 82.5 | 89.3 | 99.5 | 107 | 139 |
other data | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
other data | ||||||||||||
ROA | % | 4.64 | 5.73 | 6.67 | 6.69 | 8.20 | ||||||
Gross Margin | % | 22.0 | 21.0 | 19.9 | 21.0 | 19.9 | ||||||
Employees | 671 | 620 | 602 | 605 | 628 | |||||||
Cost Per Employee | USD per month | 1,259 | 1,349 | 1,553 | 1,494 | 1,463 | ||||||
Cost Per Employee (Local Currency) | CZK per month | 23,989 | 25,787 | 27,466 | 29,227 | 28,629 | ||||||
Staff Cost (As % Of Total Cost) | % | 16.2 | 15.7 | 15.2 | 14.1 | 12.7 | ||||||
Effective Tax Rate | % | 6.66 | 19.8 | 19.0 | 19.5 | 19.1 | ||||||
Domestic Sales | CZK mil | 407 | 677 | 631 | 592 | 606 | ||||||
Revenues From Abroad | CZK mil | 832 | 599 | 723 | 1,004 | 1,206 | ||||||
Revenues From Abroad (As % Of Total) | % | 68.1 | 46.6 | 52.9 | 62.9 | 66.6 |
Get all company financials in excel:
MORA Moravia is the Czech Republic-based producer of home kitchen appliances. The Company is the largest producer of cookers in the Czech Republic, with an important market share in Slovakia, and other Eastern European countries. The history of the Company dates back to 1825 when Josef Zvěřina, at a site he named Mariánské Údolí, began metallurgy production by building an ironworks and an iron smelting factory. In 1919, production of the first gas home appliances began. In 1926, production has expanded to include large appliances for businesses (confectionery ovens, boilers, meat smokers, etc.) and the Company has gained its name MORA. In 1994, MORA Moravia was privatised and eleven years later, it became a part of Slovenia's Gorenje Group
Mora Moravia has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 10.5% a year during that time to total of CZK 164 mil in 2015, or 8.72% of sales. That’s compared to 8.63% average margin seen in last five years.
The company netted CZK 93.4 mil in 2015 implying ROE of 17.5% and ROCE of 15.4%. Again, the average figures were 16.0% and 12.7%, respectively when looking at the previous 5 years.
Mora Moravia’s net debt amounted to CZK 6.71 mil at the end of 2015, or 0.013 of equity. When compared to EBITDA, net debt was 0.041x, down when compared to average of 0.239x seen in the last 5 years.