Register

Institutional Sign In

Go
Home » Companies » Food & Drink in Czechia » Penam

Penam

Penam's Cash & Cash Equivalents fell 36.5% yoy to CZK 76.7 mil in 2017

By Helgi Library - April 2, 2020

Penam's total assets reached CZK 3,051 mil at the end of 2017, down 4.34% compared to the previous year. Current a...

Penam's Cash & Cash Equivalents fell 36.5% yoy to CZK 76.7 mil in 2017

By Helgi Library - April 2, 2020

Penam's total assets reached CZK 3,051 mil at the end of 2017, down 4.34% compared to the previous year. Current a...

Annual Quarterly
Profit Statement 2015 2016 2017
Sales CZK mil 3,551 3,498 3,600
Gross Profit CZK mil 932 998 1,072
EBITDA CZK mil 205 233 226
EBIT CZK mil 130 150 101
Financing Cost CZK mil 554 2.15 -22.1
Pre-Tax Profit CZK mil -423 148 124
Net Profit CZK mil -440 120 106
Dividends CZK mil 53.0 0 ...
Balance Sheet 2015 2016 2017
Total Assets CZK mil 2,524 3,190 3,051
Non-Current Assets CZK mil 1,905 2,381 2,289
Current Assets CZK mil 614 806 760
Working Capital CZK mil 66.5 265 379
Shareholders' Equity CZK mil 1,661 1,780 1,819
Liabilities CZK mil 863 1,410 1,232
Total Debt CZK mil 174 710 607
Net Debt CZK mil 164 589 531
Ratios 2015 2016 2017
ROE % -23.2 6.95 5.91
ROCE % -20.0 5.18 4.00
Gross Margin % 26.2 28.5 29.8
EBITDA Margin % 5.78 6.66 6.28
EBIT Margin % 3.67 4.28 2.82
Net Margin % -12.4 3.42 2.95
Net Debt/EBITDA 0.799 2.53 2.35
Net Debt/Equity % 9.87 33.1 29.2
Cost of Financing % 211 0.487 -3.36
Cash Flow 2015 2016 2017
Total Cash From Operations CZK mil 230 92.3 184
Total Cash From Investing CZK mil -164 -438 -122
Total Cash From Financing CZK mil -70.1 456 -106
Net Change In Cash CZK mil -3.73 111 -44.2
Cash Conversion Cycle days -1.87 13.7 28.9
Cash Earnings CZK mil -365 203 231
Free Cash Flow CZK mil 66.3 -345 62.0

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Sales CZK mil                       4,000 3,829 3,908 3,654 3,551    
Gross Profit CZK mil                       1,003 981 833 939 932    
EBIT CZK mil                       201 170 63.5 190 130    
Net Profit CZK mil                       162 142 63.1 156 -440    
ROE %                       10.2 8.12 3.34 7.61 -23.2    
EBIT Margin %                       5.03 4.44 1.63 5.21 3.67    
Net Margin %                       4.05 3.71 1.61 4.27 -12.4    
Employees ... ...                   2,170 2,099 2,028 1,950 1,925    
balance sheet                                    
Total Assets CZK mil                       2,760 2,722 3,102 3,056 2,524    
Non-Current Assets CZK mil                       1,793 1,778 2,312 2,348 1,905    
Current Assets CZK mil                       964 940 780 701 614    
Shareholders' Equity CZK mil                       1,687 1,811 1,963 2,132 1,661    
Liabilities CZK mil                       1,073 911 1,140 924 863    
Non-Current Liabilities CZK mil                       73.0 72.0 72.1 75.9 75.4    
Current Liabilities CZK mil                       577 588 625 587 591    
Net Debt/EBITDA                       1.18 0.698 3.17 1.30 0.799    
Net Debt/Equity %                       21.0 10.2 26.4 15.8 9.87    
Cost of Financing % ...                     -0.227 -1.59 -2.99 -0.365 211    
cash flow                                    
Total Cash From Operations CZK mil                       178 211 90.1 308 230    
Total Cash From Investing CZK mil                       -70.0 -40.0 -417 -125 -164    
Total Cash From Financing CZK mil                       -82.0 -171 295 -181 -70.1    
Net Change In Cash CZK mil                       26.0 0 -31.9 2.13 -3.73    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Sales CZK mil                       4,000 3,829 3,908 3,654 3,551    
Cost of Goods & Services CZK mil                       2,997 2,848 3,075 2,716 2,619    
Gross Profit CZK mil                       1,003 981 833 939 932    
Staff Cost CZK mil                       678 683 664 666 702    
Other Cost CZK mil                       23.0 33.0 5.10 13.0 24.3    
EBITDA CZK mil                       302 265 163 259 205    
Depreciation CZK mil                       101 95.0 99.9 69.0 74.8    
EBIT CZK mil                       201 170 63.5 190 130    
Financing Cost CZK mil                       -1.00 -5.00 -11.3 -1.61 554    
Extraordinary Cost CZK mil                       0 0 0 0 -1.04    
Pre-Tax Profit CZK mil                       202 175 74.9 192 -423    
Tax CZK mil                       40.0 33.0 11.8 36.2 17.3    
Minorities CZK mil                       0 0 0 0 0    
Net Profit CZK mil                       162 142 63.1 156 -440    
Dividends CZK mil                       0 0 0 0 53.0   ...
growth rates                                    
Total Revenue Growth % ...                     19.8 -4.28 2.06 -6.49 -2.83    
Operating Cost Growth % ...                     3.39 2.14 -6.55 1.50 6.98    
EBITDA Growth % ...                     20.8 -12.3 -38.3 58.7 -20.9    
EBIT Growth % ...                     48.9 -15.4 -62.6 200 -31.5    
Pre-Tax Profit Growth % ...                     51.9 -13.4 -57.2 157 -320    
Net Profit Growth % ...                     55.8 -12.3 -55.6 147 -382    
ratios                                    
ROE %                       10.2 8.12 3.34 7.61 -23.2    
ROCE % ...                     7.93 7.09 2.86 6.40 -20.0    
Gross Margin %                       25.1 25.6 21.3 25.7 26.2    
EBITDA Margin %                       7.55 6.92 4.18 7.10 5.78    
EBIT Margin %                       5.03 4.44 1.63 5.21 3.67    
Net Margin %                       4.05 3.71 1.61 4.27 -12.4    
Payout Ratio %                       0 0 0 0 -12.0   ...
Cost of Financing % ...                     -0.227 -1.59 -2.99 -0.365 211    
Net Debt/EBITDA                       1.18 0.698 3.17 1.30 0.799    
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                    
Non-Current Assets CZK mil                       1,793 1,778 2,312 2,348 1,905    
Property, Plant & Equipment CZK mil                       984 986 1,002 1,023 1,105    
Intangible Assets CZK mil                       6.00 5.00 3.53 4.80 7.74    
Current Assets CZK mil                       964 940 780 701 614    
Inventories CZK mil                       51.0 79.0 87.4 93.1 88.2    
Receivables CZK mil                       631 599 433 341 304    
Cash & Cash Equivalents CZK mil                       45.0 44.0 11.9 14.0 10.3    
Total Assets CZK mil                       2,760 2,722 3,102 3,056 2,524    
Shareholders' Equity CZK mil                       1,687 1,811 1,963 2,132 1,661    
Of Which Minority Interest CZK mil                       0 0 0 0 0    
Liabilities CZK mil                       1,073 911 1,140 924 863    
Non-Current Liabilities CZK mil                       73.0 72.0 72.1 75.9 75.4    
Long-Term Debt CZK mil                       96.0 0 0.022 0.117 4.63    
Deferred Tax Liabilities CZK mil                       73.0 72.0 72.1 75.7 70.8    
Current Liabilities CZK mil                       577 588 625 587 591    
Short-Term Debt CZK mil                       304 229 530 351 170    
Trade Payables CZK mil                       436 489 396 348 326    
Provisions CZK mil                       23.0 22.0 22.4 22.3 27.1    
Equity And Liabilities CZK mil                       2,760 2,722 3,102 3,056 2,524    
growth rates                                    
Total Asset Growth % ...                     1.92 -1.38 14.0 -1.49 -17.4    
Shareholders' Equity Growth % ...                     12.1 7.35 8.37 8.61 -22.1    
Net Debt Growth % ...                     -23.3 -47.9 180 -35.0 -51.3    
Total Debt Growth % ...                     -17.0 -42.8 132 -33.8 -50.3    
ratios                                    
Total Debt CZK mil                       400 229 530 351 174    
Net Debt CZK mil                       355 185 518 337 164    
Working Capital CZK mil                       246 189 125 86.0 66.5    
Capital Employed CZK mil                       2,039 1,967 2,437 2,434 1,972    
Net Debt/Equity %                       21.0 10.2 26.4 15.8 9.87    
Cost of Financing % ...                     -0.227 -1.59 -2.99 -0.365 211    
cash flow Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                                    
Net Profit CZK mil                       162 142 63.1 156 -440    
Depreciation CZK mil                       101 95.0 99.9 69.0 74.8    
Non-Cash Items CZK mil ...                     -61.0 -83.0 -137 43.9 576    
Change in Working Capital CZK mil ...                     -24.0 57.0 64.2 38.8 19.5    
Total Cash From Operations CZK mil                       178 211 90.1 308 230    
Capital Expenditures CZK mil                       -49.0 -93.0 -119 -102 -201    
Other Investments CZK mil                       -21.0 53.0 -298 -23.3 37.5    
Total Cash From Investing CZK mil                       -70.0 -40.0 -417 -125 -164    
Dividends Paid CZK mil                       0 0 0 0 -53.0   ...
Issuance Of Debt CZK mil ...                     -82.0 -171 301 -179 -177    
Total Cash From Financing CZK mil                       -82.0 -171 295 -181 -70.1    
Net Change In Cash CZK mil                       26.0 0 -31.9 2.13 -3.73    
ratios                                    
Days Sales Outstanding days                       57.6 57.1 40.5 34.0 31.3    
Days Sales Of Inventory days                       6.21 10.1 10.4 12.5 12.3    
Days Payable Outstanding days                       53.1 62.7 47.0 46.7 45.4    
Cash Conversion Cycle days                       10.7 4.55 3.86 -0.203 -1.87    
Cash Earnings CZK mil                       263 237 163 225 -365    
Free Cash Flow CZK mil                       108 171 -327 183 66.3    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                    
ROA %                       5.93 5.18 2.17 5.06 -15.8    
Gross Margin %                       25.1 25.6 21.3 25.7 26.2    
Employees ... ...                   2,170 2,099 2,028 1,950 1,925    
Cost Per Employee USD per month ... ...                   1,472 1,386 1,395 1,332 1,274    
Cost Per Employee (Local Currency) CZK per month ... ...                   26,037 27,116 27,285 28,467 30,398    
Staff Cost (As % Of Total Cost) %                       17.8 18.7 17.3 19.2 20.5    
Effective Tax Rate %                       19.8 18.9 15.8 18.8 -4.10    
Domestic Sales CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... 3,775 3,532 3,468    
Capital Expenditures (As % of Sales) %                       1.23 2.43 3.04 2.78 5.66    
Revenues From Abroad CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... 101 90.7 82.8    
Revenues From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... 2.57 2.48 2.33    

Get all company financials in excel:

Download Sample   $19.99

Penam in Numbers
Annual (2000 - 2017)
Nov 2018
Statistical Dossier
$19.99
Penam at a Glance
Dec 2013
Company Report
Download

PENAM, a.s. is the second largest bakery company in the Czech Republic. The Company operates 13 bakery plants, 4 mills in Bohemia and Moravia and runs 39 stores in Moravia under the name "Bakery U Golema''. The Company was established in 1999 under the name Tero Rosice by merging twelve mills and bakery companies. In 2004,the Company has been bought by Agrofert Holding and a year after it changed the legal status into a public limited company. After a few more acquisitions (such as Nobr, or Pekast), Penam has become the second largest bakery company on the Czech market with a 17% share, just behind United Bakeries (20%)

Finance

Penam has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 3.12% a year during that time to total of CZK 226 mil in 2017, or 6.28% of sales. That’s compared to 6.00% average margin seen in last five years.

The company netted CZK 106 mil in 2017 implying ROE of 5.91% and ROCE of 4.00%. Again, the average figures were 0.124% and -0.305%, respectively when looking at the previous 5 years.

Penam’s net debt amounted to CZK 531 mil at the end of 2017, or 29.2% of equity. When compared to EBITDA, net debt was 2.35x, up when compared to average of 2.03x seen in the last 5 years.

More Companies in Czech Food & Drink Sector

Helgi Library
Eliášova 38, Prague 6, 160 00, Czech Republic
Copyright © 2024 Helgi Library. All rights reserved.