By Helgi Library - April 2, 2020
Sazka's total assets reached CZK 14,716 mil at the end of 2015, up 5.78% compared to the previous year. Current as...
By Helgi Library - April 2, 2020
Sazka's total assets reached CZK 14,716 mil at the end of 2015, up 5.78% compared to the previous year. Current as...
Profit Statement | 2013 | 2014 | 2015 | |
Sales | CZK mil | 3,855 | 4,391 | 5,265 |
Gross Profit | CZK mil | 2,186 | 2,423 | 2,946 |
EBITDA | CZK mil | 1,270 | 1,293 | 1,655 |
EBIT | CZK mil | 1,216 | 1,242 | 1,602 |
Financing Cost | CZK mil | 186 | 609 | 370 |
Pre-Tax Profit | CZK mil | 1,031 | 633 | 1,232 |
Net Profit | CZK mil | 834 | 513 | 994 |
Dividends | CZK mil | ... | ... | ... |
Balance Sheet | 2013 | 2014 | 2015 | |
Total Assets | CZK mil | 13,365 | 13,912 | 14,716 |
Non-Current Assets | CZK mil | 12,578 | 12,572 | 12,493 |
Current Assets | CZK mil | 787 | 1,340 | 2,223 |
Working Capital | CZK mil | -680 | -965 | -928 |
Shareholders' Equity | CZK mil | 3,151 | 3,649 | 4,657 |
Liabilities | CZK mil | 10,214 | 10,262 | 10,059 |
Total Debt | CZK mil | 6,095 | 8,682 | 8,228 |
Net Debt | CZK mil | 5,608 | 7,695 | 7,605 |
Ratios | 2013 | 2014 | 2015 | |
ROE | % | 44.5 | 15.1 | 23.9 |
ROCE | % | 11.4 | 4.36 | 8.58 |
Gross Margin | % | 56.7 | 55.2 | 55.9 |
EBITDA Margin | % | 33.0 | 29.4 | 31.4 |
EBIT Margin | % | 31.5 | 28.3 | 30.4 |
Net Margin | % | 21.6 | 11.7 | 18.9 |
Net Debt/EBITDA | 4.41 | 5.95 | 4.60 | |
Net Debt/Equity | 1.78 | 2.11 | 1.63 | |
Cost of Financing | % | 4.70 | 8.24 | 4.38 |
Cash Flow | 2013 | 2014 | 2015 | |
Total Cash From Operations | CZK mil | -381 | 803 | 1,311 |
Total Cash From Investing | CZK mil | 16.8 | -62.9 | -2.06 |
Total Cash From Financing | CZK mil | 369 | -341 | -572 |
Net Change In Cash | CZK mil | 4.63 | 400 | 737 |
Cash Conversion Cycle | days | -158 | -197 | -176 |
Cash Earnings | CZK mil | 888 | 564 | 1,047 |
Free Cash Flow | CZK mil | -364 | 740 | 1,309 |
Get all company financials in excel:
summary | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | |||||||||||||||||||||
Sales | CZK mil | 8,925 | 7,828 | 811 | 6,421 | 3,855 | |||||||||||||||
Gross Profit | CZK mil | 1,240 | 1,349 | 117 | 2,158 | 2,186 | |||||||||||||||
EBIT | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 947 | 1,109 | -225 | 517 | 1,216 | ||||||
Net Profit | CZK mil | ... | ... | ... | ... | 1,249 | 1,426 | -267 | 294 | 834 | |||||||||||
ROE | % | ... | ... | ... | ... | 41.9 | 42.7 | -15.6 | 138 | 44.5 | |||||||||||
EBIT Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.6 | 14.2 | -27.8 | 8.05 | 31.5 | ||||||
Net Margin | % | ... | ... | ... | ... | 14.0 | 18.2 | -32.9 | 4.58 | 21.6 | |||||||||||
Employees | ... | ... | ... | ... | 471 | 456 | 398 | 305 | 243 | ||||||||||||
balance sheet | |||||||||||||||||||||
Total Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14,172 | 14,276 | 4,561 | 3,877 | 13,365 | ||||||
Non-Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11,971 | 11,790 | 3,382 | 2,850 | 12,578 | ||||||
Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,201 | 2,486 | 1,168 | 912 | 787 | ||||||
Shareholders' Equity | CZK mil | ... | ... | ... | ... | 3,084 | 3,593 | -169 | 596 | 3,151 | |||||||||||
Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11,088 | 10,682 | 4,729 | 3,281 | 10,214 | ||||||
Non-Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6,811 | 6,076 | 121 | 84.2 | 3,592 | ||||||
Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,277 | 4,606 | 3,794 | 682 | 6,622 | ||||||
Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.56 | 5.67 | -20.5 | 1.22 | 4.41 | |||||||
Net Debt/Equity | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.35 | 1.96 | -19.8 | 1.89 | 1.78 | |||||||
Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -0.912 | -1.61 | 1.16 | 3.74 | 4.70 | |||||
cash flow | |||||||||||||||||||||
Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 905 | 1,327 | ... | ... | -381 | ||||||
Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 525 | 453 | ... | ... | 16.8 | ||||||
Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | -1,460 | -1,855 | ... | ... | 369 | ||||||
Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | -30.6 | -74.6 | ... | ... | 4.63 |
income statement | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
income statement | |||||||||||||||||||||
Sales | CZK mil | 8,925 | 7,828 | 811 | 6,421 | 3,855 | |||||||||||||||
Cost of Goods & Services | CZK mil | 7,685 | 6,479 | 694 | 4,263 | 1,669 | |||||||||||||||
Gross Profit | CZK mil | 1,240 | 1,349 | 117 | 2,158 | 2,186 | |||||||||||||||
Staff Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 48.5 | 198 | 222 | ||
Other Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 231 | 1,039 | 693 | ||
EBITDA | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,104 | 1,243 | -163 | 922 | 1,270 | ||||||
Depreciation | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 157 | 134 | 62.2 | 405 | 54.3 | ||||||
EBIT | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 947 | 1,109 | -225 | 517 | 1,216 | ||||||
Financing Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | -67.8 | -119 | 62.2 | 99.1 | 186 | ||||||
Extraordinary Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | -248 | -227 | 0 | 0 | 0 | ||||||
Pre-Tax Profit | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,263 | 1,455 | -287 | 418 | 1,031 | |||||||
Tax | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14.2 | 28.8 | -20.3 | 123 | 196 | ||||||
Minorities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||
Net Profit | CZK mil | ... | ... | ... | ... | 1,249 | 1,426 | -267 | 294 | 834 | |||||||||||
Dividends | CZK mil | ... | ... | ... | ... | 1,166 | ... | ... | ... | ... | ... | ... | |||||||||
growth rates | |||||||||||||||||||||
Total Revenue Growth | % | ... | 2.90 | -12.3 | -89.6 | 692 | -40.0 | ||||||||||||||
Operating Cost Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 342 | -26.0 | ||
EBITDA Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -9.36 | 12.6 | -113 | -666 | 37.8 | |||||
EBIT Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -13.1 | 17.1 | -120 | -330 | 135 | |||||
Pre-Tax Profit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | -0.469 | 15.2 | -120 | -245 | 147 | ||||||
Net Profit Growth | % | ... | ... | ... | ... | ... | -0.509 | 14.2 | -119 | -210 | 183 | ||||||||||
ratios | |||||||||||||||||||||
ROE | % | ... | ... | ... | ... | 41.9 | 42.7 | -15.6 | 138 | 44.5 | |||||||||||
ROCE | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11.0 | 12.3 | -3.39 | 8.51 | 11.4 | |||||
Gross Margin | % | 13.9 | 17.2 | 14.4 | 33.6 | 56.7 | |||||||||||||||
EBITDA Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 12.4 | 15.9 | -20.1 | 14.4 | 33.0 | ||||||
EBIT Margin | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.6 | 14.2 | -27.8 | 8.05 | 31.5 | ||||||
Net Margin | % | ... | ... | ... | ... | 14.0 | 18.2 | -32.9 | 4.58 | 21.6 | |||||||||||
Payout Ratio | % | ... | ... | ... | ... | 93.4 | ... | ... | ... | ... | ... | ... | |||||||||
Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -0.912 | -1.61 | 1.16 | 3.74 | 4.70 | |||||
Net Debt/EBITDA | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.56 | 5.67 | -20.5 | 1.22 | 4.41 |
balance sheet | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
balance sheet | |||||||||||||||||||||
Non-Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11,971 | 11,790 | 3,382 | 2,850 | 12,578 | ||||||
Property, Plant & Equipment | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,879 | 1,810 | 898 | 723 | 669 | ||||||
Intangible Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 141 | 138 | 1,900 | 1,553 | 2,080 | ||||||
Goodwill | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | 321 | 255 | 9,636 | ||||||
Current Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,201 | 2,486 | 1,168 | 912 | 787 | ||||||
Inventories | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 26.9 | 26.8 | 3.62 | 8.90 | 4.40 | ||||||
Receivables | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,714 | 1,876 | 1,004 | 228 | 78.6 | ||||||
Cash & Cash Equivalents | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 288 | 213 | 160 | 675 | 487 | ||||||
Total Assets | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14,172 | 14,276 | 4,561 | 3,877 | 13,365 | ||||||
Shareholders' Equity | CZK mil | ... | ... | ... | ... | 3,084 | 3,593 | -169 | 596 | 3,151 | |||||||||||
Of Which Minority Interest | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.035 | 0.035 | 0 | 0 | 0 | ||||||
Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11,088 | 10,682 | 4,729 | 3,281 | 10,214 | ||||||
Non-Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6,811 | 6,076 | 121 | 84.2 | 3,592 | ||||||
Long-Term Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5,497 | 5,168 | 0 | 0 | 3,418 | ||||||
Deferred Tax Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 13.0 | 16.3 | 0 | 0 | 127 | ||||||
Current Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,277 | 4,606 | 3,794 | 682 | 6,622 | ||||||
Short-Term Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,034 | 2,095 | 3,502 | 1,800 | 2,677 | ||||||
Trade Payables | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,118 | 2,097 | 225 | 334 | 763 | ||||||
Provisions | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 25.7 | 67.6 | 225 | 556 | 137 | ||||||
Equity And Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14,172 | 14,276 | 4,561 | 3,877 | 13,365 | ||||||
growth rates | |||||||||||||||||||||
Total Asset Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.775 | 0.729 | -68.1 | -15.0 | 245 | |||||
Shareholders' Equity Growth | % | ... | ... | ... | ... | ... | 6.99 | 16.5 | -105 | -454 | 429 | ||||||||||
Net Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.04 | -2.67 | -52.6 | -66.3 | 398 | |||||
Total Debt Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.50 | -3.56 | -51.8 | -48.6 | 239 | |||||
ratios | |||||||||||||||||||||
Total Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7,531 | 7,263 | 3,502 | 1,800 | 6,095 | ||||||
Net Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7,243 | 7,050 | 3,342 | 1,125 | 5,608 | ||||||
Working Capital | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | -377 | -194 | 783 | -97.4 | -680 | ||||||
Capital Employed | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11,594 | 11,596 | 4,165 | 2,753 | 11,898 | ||||||
Net Debt/Equity | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.35 | 1.96 | -19.8 | 1.89 | 1.78 | |||||||
Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -0.912 | -1.61 | 1.16 | 3.74 | 4.70 |
cash flow | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
cash flow | |||||||||||||||||||||
Net Profit | CZK mil | ... | ... | ... | ... | 1,249 | 1,426 | -267 | 294 | 834 | |||||||||||
Depreciation | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 157 | 134 | 62.2 | 405 | 54.3 | ||||||
Non-Cash Items | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 232 | -50.1 | ... | ... | -1,852 | |||||
Change in Working Capital | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -733 | -183 | ... | ... | 582 | |||||
Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 905 | 1,327 | ... | ... | -381 | ||||||
Capital Expenditures | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | -364 | -121 | ... | ... | -18.7 | ||||||
Other Investments | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 888 | 574 | ... | ... | 35.6 | ||||||
Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 525 | 453 | ... | ... | 16.8 | ||||||
Dividends Paid | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | -1,166 | ... | ... | ... | ... | ... | ... | ||||
Issuance Of Debt | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 183 | -268 | ... | ... | 4,295 | |||||
Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | -1,460 | -1,855 | ... | ... | 369 | ||||||
Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | -30.6 | -74.6 | ... | ... | 4.63 | ||||||
ratios | |||||||||||||||||||||
Days Sales Outstanding | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | 70.1 | 87.5 | 452 | 13.0 | 7.44 | ||||||
Days Sales Of Inventory | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.28 | 1.51 | 1.90 | 0.762 | 0.962 | ||||||
Days Payable Outstanding | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | 101 | 118 | 118 | 28.6 | 167 | ||||||
Cash Conversion Cycle | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | -29.2 | -29.2 | 335 | -14.9 | -158 | ||||||
Cash Earnings | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,406 | 1,560 | -205 | 699 | 888 | ||||||
Free Cash Flow | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,430 | 1,780 | ... | ... | -364 |
other data | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
other data | |||||||||||||||||||||
ROA | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.85 | 10.0 | -2.84 | 6.98 | 9.68 | ||||||
Gross Margin | % | 13.9 | 17.2 | 14.4 | 33.6 | 56.7 | |||||||||||||||
Employees | ... | ... | ... | ... | 471 | 456 | 398 | 305 | 243 | ||||||||||||
Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 574 | 2,767 | 3,899 | ||
Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10,145 | 54,118 | 76,278 | ||
Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.68 | 3.35 | 8.43 | ||
Effective Tax Rate | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.12 | 1.98 | 7.05 | 29.5 | 19.1 | ||||||
Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.07 | 1.55 | ... | ... | 0.486 | ||||||
Total Amount Staked | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7,794 | ||
Amount Staked (Lottery) | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6,629 | ||
Amount Staked (Instant Lottery) | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 570 | ||
Amount Staked (Sports Betting) | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 594 | ||
Total Gross Wins | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4,155 | ||
Gross Wins (Lottery) | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,287 | ||
Gross Wins (Instant Lottery) | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 314 | ||
Gross Wins (Sports Betting) | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 554 |
Get all company financials in excel:
Sazka, a.s. is the largest lottery company in the Czech Republic. The Company was created in 1956 when it launched betting on the results of sports matches and events. Sportka, the oldest and most popular number lottery in the Czech Republic, has been played since 22 April 1957. In addition, the Company's portfolio includes mobile phone top-up services, sales of tickets for sports, cultural and other events, payments of bills, invoices and insurance premiums, and payments for goods and services through more than 6,500 online terminals throughout the country. Before the Company went bancrupt in 2011, Sazka was owned by exclusively by the civic associations active in the field of physical education and sport. Since 2012, Sazka belongs to a Czech financial group KKCG
Sazka has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 5.89% a year during that time to total of CZK 1,655 mil in 2015, or 31.4% of sales. That’s compared to 17.6% average margin seen in last five years.
The company netted CZK 994 mil in 2015 implying ROE of 23.9% and ROCE of 8.58%. Again, the average figures were 41.1% and 5.89%, respectively when looking at the previous 5 years.
Sazka’s net debt amounted to CZK 7,605 mil at the end of 2015, or 1.63 of equity. When compared to EBITDA, net debt was 4.60x, up when compared to average of -0.868x seen in the last 5 years.