By Helgi Library - April 2, 2020
Penny Market Czech Republic's total assets reached CZK 8,305 mil at the end of 2017, up 23.3% compared to the previous year. ...
By Helgi Library - April 2, 2020
Penny Market Czech Republic's total assets reached CZK 8,305 mil at the end of 2017, up 23.3% compared to the previous year. ...
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Penny Market is a Czech Republic-based subsidiary of German foodstuff chain REWE Group. Similar to other countries REWE is present at, Penny Market Czech Republic offers the traditional product ranges of the foodstuffs trade at particularly good-value prices. The Company entered the Czech market in 1997 and has grown into one of the largest discount supermarket chains in the country. Following a takeover of 146 supermarkets of Plus chain in 2008, Penny Market now operates more than 340 supermarkets and employes more than 6,000 people in the Czech Republic only. REWE Group is a German diversified retail and tourism group. In 2012, the Company operated in 14 European countries, achieved a turnover of nearly EUR 50 bil and employed about 327,600 employees
Penny Market Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 8.34% a year during that time to total of CZK 1,408 mil in 2017, or 4.16% of sales. That’s compared to 3.75% average margin seen in last five years.
The company netted CZK 542 mil in 2017 implying ROE of 15.5% and ROCE of 12.6%. Again, the average figures were 9.55% and 12.8%, respectively when looking at the previous 5 years.
Penny Market Czech Republic’s net debt amounted to CZK -556 mil at the end of 2017, or -14.8% of equity. When compared to EBITDA, net debt was -0.395x, down when compared to average of -0.293x seen in the last 5 years.
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