By Helgi Library - April 2, 2020
ORCO Property Group's total assets reached EUR 379 mil at the end of 2015, up 1.19% compared to the previous year. ...
By Helgi Library - April 2, 2020
ORCO Property Group's total assets reached EUR 379 mil at the end of 2015, up 1.19% compared to the previous year. ...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | EUR mil | 66.9 | 75.2 | 14.0 |
| EBITDA | EUR mil | -55.6 | -12.3 | -15.0 |
| EBIT | EUR mil | -194 | 26.0 | -13.3 |
| Financing Cost | EUR mil | 57.3 | 48.2 | 14.5 |
| Pre-Tax Profit | EUR mil | -252 | -22.7 | -21.0 |
| Net Profit | EUR mil | -227 | -23.6 | -20.5 |
| Dividends | EUR mil | 59.2 | 0 | ... |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | EUR mil | 1,172 | 374 | 379 |
| Non-Current Assets | EUR mil | 891 | 345 | 356 |
| Current Assets | EUR mil | 252 | 28.1 | 16.6 |
| Working Capital | EUR mil | 112 | 7.78 | 6.25 |
| Shareholders' Equity | EUR mil | 263 | 206 | 205 |
| Liabilities | EUR mil | 909 | 168 | 174 |
| Total Debt | EUR mil | 634 | 146 | 153 |
| Net Debt | EUR mil | 545 | 139 | 150 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | -64.4 | -10.1 | -9.97 |
| ROCE | % | -19.7 | -3.49 | -5.73 |
| EBITDA Margin | % | -83.2 | -16.4 | -108 |
| EBIT Margin | % | -290 | 34.5 | -95.5 |
| Net Margin | % | -339 | -31.4 | -147 |
| Net Debt/EBITDA | -9.80 | -11.3 | -9.95 | |
| Net Debt/Equity | 2.07 | 0.673 | 0.731 | |
| Cost of Financing | % | 8.65 | 12.4 | 9.71 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Total Cash From Operations | EUR mil | 24.7 | 34.5 | -1.88 |
| Total Cash From Investing | EUR mil | 8.61 | -113 | 1.79 |
| Total Cash From Financing | EUR mil | 32.5 | -3.25 | -3.02 |
| Net Change In Cash | EUR mil | 65.8 | -81.4 | -3.11 |
| Cash Earnings | EUR mil | -88.6 | -61.9 | -22.2 |
| Free Cash Flow | EUR mil | 33.3 | -78.1 | -0.089 |
Get all company financials in excel:
| summary | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||||||
| Sales | EUR mil | 252 | 315 | 158 | 245 | 66.9 | ||||||||||||
| EBIT | EUR mil | -76.0 | 23.8 | 9.84 | -23.7 | -194 | ||||||||||||
| Net Profit | EUR mil | -251 | 233 | -53.3 | -41.9 | -227 | ||||||||||||
| ROE | % | -94.4 | 101 | -17.0 | -11.7 | -64.4 | ||||||||||||
| EBIT Margin | % | -30.2 | 7.57 | 6.24 | -9.70 | -290 | ||||||||||||
| Net Margin | % | -99.6 | 74.2 | -33.8 | -17.1 | -339 | ||||||||||||
| balance sheet | ||||||||||||||||||
| Total Assets | EUR mil | 2,072 | 1,902 | 1,698 | 1,388 | 1,172 | ||||||||||||
| Non-Current Assets | EUR mil | 1,442 | 1,336 | 1,190 | 1,048 | 891 | ||||||||||||
| Current Assets | EUR mil | 631 | 566 | 508 | 333 | 252 | ||||||||||||
| Shareholders' Equity | EUR mil | 105 | 356 | 271 | 442 | 263 | ||||||||||||
| Liabilities | EUR mil | 1,968 | 1,546 | 1,427 | 945 | 909 | ||||||||||||
| Non-Current Liabilities | EUR mil | 1,073 | 980 | 525 | 602 | 491 | ||||||||||||
| Current Liabilities | EUR mil | 895 | 567 | 902 | 334 | 390 | ||||||||||||
| Net Debt/EBITDA | -20.9 | 39.4 | 36.5 | 24.9 | -9.80 | |||||||||||||
| Net Debt/Equity | 14.3 | 3.12 | 4.08 | 1.51 | 2.07 | |||||||||||||
| Cost of Financing | % | ... | 5.58 | 7.21 | 7.18 | -0.082 | 8.65 | |||||||||||
| cash flow | ||||||||||||||||||
| Total Cash From Operations | EUR mil | ... | -88.8 | 74.0 | -11.7 | 142 | 24.7 | |||||||||||
| Total Cash From Investing | EUR mil | ... | 28.8 | 45.8 | 99.8 | 80.5 | 8.61 | |||||||||||
| Total Cash From Financing | EUR mil | ... | 33.3 | -123 | -102 | -232 | 32.5 | |||||||||||
| Net Change In Cash | EUR mil | ... | -26.8 | -3.60 | -14.4 | -9.60 | 65.8 |
| income statement | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||||||
| Sales | EUR mil | 252 | 315 | 158 | 245 | 66.9 | ||||||||||||
| Staff Cost | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 26.7 | 10.5 | ||
| EBITDA | EUR mil | -71.4 | 28.2 | 30.3 | 26.9 | -55.6 | ||||||||||||
| Depreciation | EUR mil | 4.58 | 4.40 | 20.5 | 50.6 | 138 | ||||||||||||
| EBIT | EUR mil | -76.0 | 23.8 | 9.84 | -23.7 | -194 | ||||||||||||
| Financing Cost | EUR mil | 86.9 | 97.7 | 82.7 | -0.755 | 57.3 | ||||||||||||
| Extraordinary Cost | EUR mil | 202 | -305 | -25.7 | 14.4 | 1.17 | ||||||||||||
| Pre-Tax Profit | EUR mil | -364 | 231 | -47.1 | -37.4 | -252 | ||||||||||||
| Tax | EUR mil | -48.9 | 8.17 | 5.46 | 9.56 | 1.06 | ||||||||||||
| Minorities | EUR mil | -65.0 | -10.8 | 1.80 | -5.06 | -26.5 | ||||||||||||
| Net Profit | EUR mil | -251 | 233 | -53.3 | -41.9 | -227 | ||||||||||||
| Dividends | EUR mil | 0 | 0 | 0 | 15.0 | 59.2 | ... | |||||||||||
| growth rates | ||||||||||||||||||
| Total Revenue Growth | % | ... | -16.1 | 25.1 | -49.9 | 55.3 | -72.7 | |||||||||||
| EBITDA Growth | % | ... | -461 | -140 | 7.43 | -11.3 | -307 | |||||||||||
| EBIT Growth | % | ... | -55.0 | -131 | -58.7 | -341 | 718 | |||||||||||
| Pre-Tax Profit Growth | % | ... | -29.2 | -163 | -120 | -20.6 | 575 | |||||||||||
| Net Profit Growth | % | ... | -35.8 | -193 | -123 | -21.4 | 442 | |||||||||||
| ratios | ||||||||||||||||||
| ROE | % | -94.4 | 101 | -17.0 | -11.7 | -64.4 | ||||||||||||
| ROCE | % | ... | -12.1 | 12.6 | -3.17 | -2.89 | -19.7 | |||||||||||
| EBITDA Margin | % | -28.4 | 8.96 | 19.2 | 11.0 | -83.2 | ||||||||||||
| EBIT Margin | % | -30.2 | 7.57 | 6.24 | -9.70 | -290 | ||||||||||||
| Net Margin | % | -99.6 | 74.2 | -33.8 | -17.1 | -339 | ||||||||||||
| Payout Ratio | % | 0 | 0 | 0 | -35.8 | -26.1 | ... | |||||||||||
| Cost of Financing | % | ... | 5.58 | 7.21 | 7.18 | -0.082 | 8.65 | |||||||||||
| Net Debt/EBITDA | -20.9 | 39.4 | 36.5 | 24.9 | -9.80 |
| balance sheet | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | ||||||||||||||||||
| Non-Current Assets | EUR mil | 1,442 | 1,336 | 1,190 | 1,048 | 891 | ||||||||||||
| Property, Plant & Equipment | EUR mil | 1,308 | 1,126 | 1,029 | 885 | 785 | ||||||||||||
| Intangible Assets | EUR mil | 48.9 | 48.2 | 47.8 | 47.3 | 46.4 | ||||||||||||
| Current Assets | EUR mil | 631 | 566 | 508 | 333 | 252 | ||||||||||||
| Inventories | EUR mil | 483 | 419 | 382 | 262 | 115 | ||||||||||||
| Receivables | EUR mil | 31.4 | 34.3 | 32.1 | 22.3 | 20.0 | ||||||||||||
| Cash & Cash Equivalents | EUR mil | 54.8 | 49.5 | 36.8 | 22.6 | 88.7 | ||||||||||||
| Total Assets | EUR mil | 2,072 | 1,902 | 1,698 | 1,388 | 1,172 | ||||||||||||
| Shareholders' Equity | EUR mil | 105 | 356 | 271 | 442 | 263 | ||||||||||||
| Of Which Minority Interest | EUR mil | 48.2 | 52.9 | 11.7 | 3.80 | 87.2 | ||||||||||||
| Liabilities | EUR mil | 1,968 | 1,546 | 1,427 | 945 | 909 | ||||||||||||
| Non-Current Liabilities | EUR mil | 1,073 | 980 | 525 | 602 | 491 | ||||||||||||
| Long-Term Debt | EUR mil | 894 | 763 | 403 | 467 | 360 | ||||||||||||
| Deferred Tax Liabilities | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 100 | 108 | ||
| Current Liabilities | EUR mil | 895 | 567 | 902 | 334 | 390 | ||||||||||||
| Short-Term Debt | EUR mil | 655 | 398 | 741 | 223 | 273 | ||||||||||||
| Trade Payables | EUR mil | 33.5 | 21.0 | 16.4 | 25.6 | 22.4 | ||||||||||||
| Equity And Liabilities | EUR mil | 2,072 | 1,902 | 1,698 | 1,388 | 1,172 | ||||||||||||
| growth rates | ||||||||||||||||||
| Total Asset Growth | % | ... | -15.9 | -8.21 | -10.7 | -18.3 | -15.5 | |||||||||||
| Shareholders' Equity Growth | % | ... | -75.4 | 240 | -23.8 | 63.1 | -40.5 | |||||||||||
| Net Debt Growth | % | ... | -0.322 | -25.7 | -0.369 | -39.6 | -18.4 | |||||||||||
| Total Debt Growth | % | ... | -1.07 | -25.1 | -1.45 | -39.6 | -8.24 | |||||||||||
| ratios | ||||||||||||||||||
| Total Debt | EUR mil | 1,549 | 1,160 | 1,143 | 691 | 634 | ||||||||||||
| Net Debt | EUR mil | 1,494 | 1,111 | 1,107 | 668 | 545 | ||||||||||||
| Working Capital | EUR mil | 481 | 432 | 398 | 259 | 112 | ||||||||||||
| Capital Employed | EUR mil | 1,922 | 1,768 | 1,588 | 1,307 | 1,003 | ||||||||||||
| Net Debt/Equity | 14.3 | 3.12 | 4.08 | 1.51 | 2.07 | |||||||||||||
| Cost of Financing | % | ... | 5.58 | 7.21 | 7.18 | -0.082 | 8.65 |
| cash flow | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | ||||||||||||||||||
| Net Profit | EUR mil | -251 | 233 | -53.3 | -41.9 | -227 | ||||||||||||
| Depreciation | EUR mil | 4.58 | 4.40 | 20.5 | 50.6 | 138 | ||||||||||||
| Non-Cash Items | EUR mil | ... | 130 | -212 | -13.2 | -5.55 | -33.3 | |||||||||||
| Change in Working Capital | EUR mil | ... | 26.8 | 48.2 | 34.2 | 139 | 147 | |||||||||||
| Total Cash From Operations | EUR mil | ... | -88.8 | 74.0 | -11.7 | 142 | 24.7 | |||||||||||
| Capital Expenditures | EUR mil | ... | -36.3 | -28.1 | -14.0 | -4.68 | -5.16 | |||||||||||
| Other Investments | EUR mil | ... | 65.0 | 73.8 | 114 | 85.1 | 13.8 | |||||||||||
| Total Cash From Investing | EUR mil | ... | 28.8 | 45.8 | 99.8 | 80.5 | 8.61 | |||||||||||
| Dividends Paid | EUR mil | ... | 0 | 0 | 0 | -15.0 | -59.2 | ... | ||||||||||
| Issuance Of Debt | EUR mil | ... | -16.7 | -389 | -16.8 | -453 | -56.9 | |||||||||||
| Total Cash From Financing | EUR mil | ... | 33.3 | -123 | -102 | -232 | 32.5 | |||||||||||
| Net Change In Cash | EUR mil | ... | -26.8 | -3.60 | -14.4 | -9.60 | 65.8 | |||||||||||
| ratios | ||||||||||||||||||
| Days Sales Outstanding | days | 45.5 | 39.8 | 74.4 | 33.3 | 109 | ||||||||||||
| Cash Earnings | EUR mil | -246 | 238 | -32.8 | 8.72 | -88.6 | ||||||||||||
| Free Cash Flow | EUR mil | ... | -60.1 | 120 | 88.0 | 223 | 33.3 |
| other data | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | ||||||||||||||||||
| ROA | % | -11.0 | 11.7 | -2.96 | -2.71 | -17.7 | ||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.96 | 4.01 | ||
| Effective Tax Rate | % | 13.4 | 3.54 | -11.6 | -25.6 | -0.420 | ||||||||||||
| Capital Expenditures (As % of Sales) | % | ... | 14.4 | 8.92 | 8.89 | 1.91 | 7.71 |
Get all company financials in excel:
Orco Property Group (Orco) is a Luxembourg-based real estate company, specializing in the development, investment, rental and management of properties in Central and Eastern Europe. Orco Property Group operates in a number of countries in Central and Eastern Europe with main focus on Germany, the Czech Republic, Hungary, Poland, Croatia and Slovakia. The Company rents and manages portfolio of commercial properties composed of office buildings, apartments with services, luxury hotels and hotel residences. It also offers luxury residential apartments for sale and rent throughout Central Europe.
ORCO Property Group has been growing its sales by a year on average in the last 5 years. EBITDA has fallen by 153% during that time to total of EUR -15.0 mil in 2015, or -108% of sales. That’s compared to -35.4% average margin seen in last five years.
The company netted EUR -20.5 mil in 2015 implying ROE of -9.97% and ROCE of -5.73%. Again, the average figures were -22.6% and -6.99%, respectively when looking at the previous 5 years.
ORCO Property Group’s net debt amounted to EUR 150 mil at the end of 2015, or 0.731 of equity. When compared to EBITDA, net debt was -9.95x, down when compared to average of 6.07x seen in the last 5 years.
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