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...
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...
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Get all company financials in excel:
Get all company financials in excel:
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%)
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.
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