By Helgi Library - April 2, 2020
Slovenske Elektrarne's total assets reached EUR 8,924 mil at the end of 2015, down 2.04% compared to the previous year. ...
By Helgi Library - April 2, 2020
Slovenske Elektrarne's total assets reached EUR 8,924 mil at the end of 2015, down 2.04% compared to the previous year. ...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | EUR mil | 2,856 | 2,473 | 2,362 |
| Gross Profit | EUR mil | 1,018 | 520 | 853 |
| EBITDA | EUR mil | 710 | 532 | 870 |
| EBIT | EUR mil | 449 | 300 | 203 |
| Financing Cost | EUR mil | -37.9 | 57.0 | 147 |
| Pre-Tax Profit | EUR mil | 487 | 243 | 56.7 |
| Net Profit | EUR mil | 356 | 169 | 26.1 |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | EUR mil | 8,280 | 9,110 | 8,924 |
| Non-Current Assets | EUR mil | 7,785 | 8,573 | 8,268 |
| Current Assets | EUR mil | 494 | 537 | 656 |
| Working Capital | EUR mil | -32.4 | -42.6 | 11.2 |
| Shareholders' Equity | EUR mil | 3,779 | 4,072 | 3,821 |
| Liabilities | EUR mil | 4,501 | 5,038 | 5,103 |
| Total Debt | EUR mil | 1,280 | 1,591 | 2,045 |
| Net Debt | EUR mil | 1,267 | 1,580 | 2,005 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 10.2 | 4.31 | 0.662 |
| ROCE | % | 4.75 | 2.08 | 0.311 |
| Gross Margin | % | 35.7 | 21.0 | 36.1 |
| EBITDA Margin | % | 24.9 | 21.5 | 36.9 |
| EBIT Margin | % | 15.7 | 12.1 | 8.61 |
| Net Margin | % | 12.5 | 6.84 | 1.11 |
| Net Debt/EBITDA | 1.79 | 2.97 | 2.30 | |
| Net Debt/Equity | 0.335 | 0.388 | 0.525 | |
| Cost of Financing | % | -3.46 | 3.97 | 8.07 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Total Cash From Operations | EUR mil | 311 | 243 | 172 |
| Total Cash From Investing | EUR mil | -679 | -719 | -616 |
| Total Cash From Financing | EUR mil | 297 | 473 | 474 |
| Net Change In Cash | EUR mil | -71.4 | -2.72 | 29.0 |
| Cash Conversion Cycle | days | -13.4 | -11.7 | -5.77 |
| Cash Earnings | EUR mil | 617 | 401 | 693 |
| Free Cash Flow | EUR mil | -368 | -476 | -444 |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||||
| Sales | EUR mil | ... | ... | ... | 2,049 | 2,181 | 2,899 | 3,538 | 2,856 | ||||||
| Gross Profit | EUR mil | ... | ... | ... | 1,244 | 1,098 | 992 | 1,050 | 1,018 | ||||||
| EBIT | EUR mil | ... | ... | ... | 469 | 506 | 603 | 541 | 449 | ||||||
| Net Profit | EUR mil | ... | ... | ... | 280 | 373 | 457 | 449 | 356 | ||||||
| ROE | % | ... | ... | ... | 28.2 | 20.8 | 17.1 | 14.7 | 10.2 | ||||||
| EBIT Margin | % | ... | ... | ... | 22.9 | 23.2 | 20.8 | 15.3 | 15.7 | ||||||
| Net Margin | % | ... | ... | ... | 13.7 | 17.1 | 15.8 | 12.7 | 12.5 | ||||||
| Employees | 5,335 | 4,919 | 4,857 | 4,793 | 4,591 | ||||||||||
| balance sheet | |||||||||||||||
| Total Assets | EUR mil | ... | ... | ... | 5,642 | 6,812 | 7,531 | 7,883 | 8,280 | ||||||
| Non-Current Assets | EUR mil | ... | ... | ... | 5,006 | 6,356 | 6,946 | 7,312 | 7,785 | ||||||
| Current Assets | EUR mil | ... | ... | ... | 636 | 456 | 586 | 571 | 494 | ||||||
| Shareholders' Equity | EUR mil | ... | ... | ... | 1,135 | 2,451 | 2,898 | 3,216 | 3,779 | ||||||
| Liabilities | EUR mil | ... | ... | ... | 4,506 | 4,361 | 4,633 | 4,667 | 4,501 | ||||||
| Non-Current Liabilities | EUR mil | ... | ... | ... | 3,874 | 3,239 | 3,733 | 3,913 | 3,004 | ||||||
| Current Liabilities | EUR mil | ... | ... | ... | 632 | 1,122 | 900 | 754 | 1,497 | ||||||
| Net Debt/EBITDA | ... | ... | ... | 0.226 | 0.366 | 0.746 | 0.992 | 1.79 | |||||||
| Net Debt/Equity | ... | ... | ... | 0.164 | 0.106 | 0.208 | 0.258 | 0.335 | |||||||
| Cost of Financing | % | ... | ... | ... | ... | 37.5 | 10.1 | 9.99 | 4.38 | -3.46 | |||||
| cash flow | |||||||||||||||
| Total Cash From Operations | EUR mil | ... | ... | ... | 375 | 603 | 430 | 382 | 311 | ||||||
| Total Cash From Investing | EUR mil | ... | ... | ... | -353 | -680 | -771 | -612 | -679 | ||||||
| Total Cash From Financing | EUR mil | ... | ... | ... | 21.0 | 24.9 | 322 | 266 | 297 | ||||||
| Net Change In Cash | EUR mil | ... | ... | ... | 42.5 | -52.0 | -18.6 | 36.5 | -71.4 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||||
| Sales | EUR mil | ... | ... | ... | 2,049 | 2,181 | 2,899 | 3,538 | 2,856 | ||||||
| Cost of Goods & Services | EUR mil | ... | ... | ... | 805 | 1,083 | 1,908 | 2,488 | 1,838 | ||||||
| Gross Profit | EUR mil | ... | ... | ... | 1,244 | 1,098 | 992 | 1,050 | 1,018 | ||||||
| Staff Cost | EUR mil | ... | ... | ... | 154 | 148 | 143 | 148 | 149 | ||||||
| Other Cost | EUR mil | ... | ... | ... | 263 | 240 | 42.2 | 64.6 | 160 | ||||||
| EBITDA | EUR mil | ... | ... | ... | 827 | 710 | 806 | 838 | 710 | ||||||
| Depreciation | EUR mil | ... | ... | ... | 357 | 204 | 203 | 296 | 260 | ||||||
| EBIT | EUR mil | ... | ... | ... | 469 | 506 | 603 | 541 | 449 | ||||||
| Financing Cost | EUR mil | ... | ... | ... | 111 | 31.8 | 48.8 | 34.3 | -37.9 | ||||||
| Extraordinary Cost | EUR mil | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | EUR mil | ... | ... | ... | 359 | 475 | 554 | 507 | 487 | ||||||
| Tax | EUR mil | ... | ... | ... | 78.8 | 101 | 97.4 | 58.1 | 131 | ||||||
| Minorities | EUR mil | ... | ... | ... | 0.001 | 0 | 0 | 0 | 0 | ||||||
| Net Profit | EUR mil | ... | ... | ... | 280 | 373 | 457 | 449 | 356 | ||||||
| growth rates | |||||||||||||||
| Total Revenue Growth | % | ... | ... | ... | ... | 4.30 | 6.46 | 32.9 | 22.0 | -19.3 | |||||
| Operating Cost Growth | % | ... | ... | ... | ... | -36.9 | -7.03 | -52.2 | 14.7 | 45.2 | |||||
| EBITDA Growth | % | ... | ... | ... | ... | 25.4 | -14.1 | 13.5 | 3.87 | -15.3 | |||||
| EBIT Growth | % | ... | ... | ... | ... | 52.6 | 7.88 | 19.1 | -10.2 | -17.0 | |||||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | 51.3 | 32.3 | 16.8 | -8.50 | -3.88 | |||||
| Net Profit Growth | % | ... | ... | ... | ... | 68.6 | 33.4 | 22.3 | -1.72 | -20.6 | |||||
| ratios | |||||||||||||||
| ROE | % | ... | ... | ... | 28.2 | 20.8 | 17.1 | 14.7 | 10.2 | ||||||
| ROCE | % | ... | ... | ... | ... | 5.48 | 6.62 | 7.06 | 6.41 | 4.75 | |||||
| Gross Margin | % | ... | ... | ... | 60.7 | 50.3 | 34.2 | 29.7 | 35.7 | ||||||
| EBITDA Margin | % | ... | ... | ... | 40.3 | 32.6 | 27.8 | 23.7 | 24.9 | ||||||
| EBIT Margin | % | ... | ... | ... | 22.9 | 23.2 | 20.8 | 15.3 | 15.7 | ||||||
| Net Margin | % | ... | ... | ... | 13.7 | 17.1 | 15.8 | 12.7 | 12.5 | ||||||
| Cost of Financing | % | ... | ... | ... | ... | 37.5 | 10.1 | 9.99 | 4.38 | -3.46 | |||||
| Net Debt/EBITDA | ... | ... | ... | 0.226 | 0.366 | 0.746 | 0.992 | 1.79 |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | |||||||||||||||
| Non-Current Assets | EUR mil | ... | ... | ... | 5,006 | 6,356 | 6,946 | 7,312 | 7,785 | ||||||
| Property, Plant & Equipment | EUR mil | ... | ... | ... | 4,109 | 5,536 | 6,103 | 6,483 | 6,819 | ||||||
| Intangible Assets | EUR mil | ... | ... | ... | 27.1 | 20.5 | 15.0 | 9.56 | 9.56 | ||||||
| Current Assets | EUR mil | ... | ... | ... | 636 | 456 | 586 | 571 | 494 | ||||||
| Inventories | EUR mil | ... | ... | ... | 156 | 137 | 174 | 261 | 290 | ||||||
| Receivables | EUR mil | ... | ... | ... | 233 | 147 | 207 | 98.1 | 98.2 | ||||||
| Cash & Cash Equivalents | EUR mil | ... | ... | ... | 119 | 66.6 | 48.0 | 84.5 | 13.1 | ||||||
| Total Assets | EUR mil | ... | ... | ... | 5,642 | 6,812 | 7,531 | 7,883 | 8,280 | ||||||
| Shareholders' Equity | EUR mil | ... | ... | ... | 1,135 | 2,451 | 2,898 | 3,216 | 3,779 | ||||||
| Of Which Minority Interest | EUR mil | ... | ... | ... | 0.012 | 0 | 0 | 0 | 0 | ||||||
| Liabilities | EUR mil | ... | ... | ... | 4,506 | 4,361 | 4,633 | 4,667 | 4,501 | ||||||
| Non-Current Liabilities | EUR mil | ... | ... | ... | 3,874 | 3,239 | 3,733 | 3,913 | 3,004 | ||||||
| Long-Term Debt | EUR mil | ... | ... | ... | 297 | 83.3 | 627 | 915 | 332 | ||||||
| Deferred Tax Liabilities | EUR mil | ... | ... | ... | 31.2 | 29.7 | 114 | 193 | 283 | ||||||
| Current Liabilities | EUR mil | ... | ... | ... | 632 | 1,122 | 900 | 754 | 1,497 | ||||||
| Short-Term Debt | EUR mil | ... | ... | ... | 8.72 | 243 | 22.9 | 0.715 | 948 | ||||||
| Trade Payables | EUR mil | ... | ... | ... | 297 | 447 | 572 | 426 | 420 | ||||||
| Provisions | EUR mil | ... | ... | ... | 3,485 | 3,257 | 2,982 | 2,814 | 2,417 | ||||||
| Equity And Liabilities | EUR mil | ... | ... | ... | 5,642 | 6,812 | 7,531 | 7,883 | 8,280 | ||||||
| growth rates | |||||||||||||||
| Total Asset Growth | % | ... | ... | ... | ... | 1.66 | 20.7 | 10.6 | 4.67 | 5.04 | |||||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | 33.4 | 116 | 18.3 | 11.0 | 17.5 | |||||
| Net Debt Growth | % | ... | ... | ... | ... | -10.3 | 39.4 | 131 | 38.1 | 52.5 | |||||
| Total Debt Growth | % | ... | ... | ... | ... | 7.40 | 7.02 | 98.9 | 40.9 | 39.8 | |||||
| ratios | |||||||||||||||
| Total Debt | EUR mil | ... | ... | ... | 305 | 327 | 650 | 915 | 1,280 | ||||||
| Net Debt | EUR mil | ... | ... | ... | 187 | 260 | 602 | 831 | 1,267 | ||||||
| Working Capital | EUR mil | ... | ... | ... | 91.5 | -164 | -191 | -66.9 | -32.4 | ||||||
| Capital Employed | EUR mil | ... | ... | ... | 5,097 | 6,192 | 6,755 | 7,245 | 7,753 | ||||||
| Net Debt/Equity | ... | ... | ... | 0.164 | 0.106 | 0.208 | 0.258 | 0.335 | |||||||
| Cost of Financing | % | ... | ... | ... | ... | 37.5 | 10.1 | 9.99 | 4.38 | -3.46 |
| cash flow | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | |||||||||||||||
| Net Profit | EUR mil | ... | ... | ... | 280 | 373 | 457 | 449 | 356 | ||||||
| Depreciation | EUR mil | ... | ... | ... | 357 | 204 | 203 | 296 | 260 | ||||||
| Non-Cash Items | EUR mil | ... | ... | ... | ... | -275 | -231 | -257 | -239 | -271 | |||||
| Change in Working Capital | EUR mil | ... | ... | ... | ... | 12.1 | 256 | 26.6 | -124 | -34.4 | |||||
| Total Cash From Operations | EUR mil | ... | ... | ... | 375 | 603 | 430 | 382 | 311 | ||||||
| Capital Expenditures | EUR mil | ... | ... | ... | -289 | -629 | -722 | -555 | -611 | ||||||
| Other Investments | EUR mil | ... | ... | ... | -64.5 | -50.1 | -49.4 | -57.1 | -68.2 | ||||||
| Total Cash From Investing | EUR mil | ... | ... | ... | -353 | -680 | -771 | -612 | -679 | ||||||
| Issuance Of Debt | EUR mil | ... | ... | ... | ... | 21.0 | 21.4 | 323 | 266 | 365 | |||||
| Total Cash From Financing | EUR mil | ... | ... | ... | 21.0 | 24.9 | 322 | 266 | 297 | ||||||
| Net Change In Cash | EUR mil | ... | ... | ... | 42.5 | -52.0 | -18.6 | 36.5 | -71.4 | ||||||
| ratios | |||||||||||||||
| Days Sales Outstanding | days | ... | ... | ... | 41.4 | 24.5 | 26.0 | 10.1 | 12.5 | ||||||
| Days Sales Of Inventory | days | ... | ... | ... | 70.7 | 46.0 | 33.3 | 38.3 | 57.6 | ||||||
| Days Payable Outstanding | days | ... | ... | ... | 135 | 151 | 109 | 62.5 | 83.5 | ||||||
| Cash Conversion Cycle | days | ... | ... | ... | -22.5 | -80.2 | -50.0 | -14.1 | -13.4 | ||||||
| Cash Earnings | EUR mil | ... | ... | ... | 637 | 578 | 660 | 745 | 617 | ||||||
| Free Cash Flow | EUR mil | ... | ... | ... | 21.5 | -77.0 | -341 | -230 | -368 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | |||||||||||||||
| ROA | % | ... | ... | ... | 5.00 | 6.00 | 6.37 | 5.82 | 4.41 | ||||||
| Gross Margin | % | ... | ... | ... | 60.7 | 50.3 | 34.2 | 29.7 | 35.7 | ||||||
| Employees | 5,335 | 4,919 | 4,857 | 4,793 | 4,591 | ||||||||||
| Cost Per Employee | USD per month | ... | ... | ... | 3,350 | 3,310 | 3,413 | 3,300 | 3,579 | ||||||
| Cost Per Employee (Local Currency) | EUR per month | ... | ... | ... | 2,409 | 2,502 | 2,455 | 2,571 | 2,696 | ||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 9.76 | 8.82 | 6.23 | 4.93 | 6.17 | ||||||
| Effective Tax Rate | % | ... | ... | ... | 22.0 | 21.3 | 17.6 | 11.5 | 26.9 | ||||||
| Domestic Sales | EUR mil | ... | ... | ... | ... | ... | ... | 1,569 | 1,484 | 1,538 | 1,669 | 1,401 | ... | ... | |
| Capital Expenditures (As % of Sales) | % | ... | ... | ... | 14.1 | 28.9 | 24.9 | 15.7 | 21.4 | ||||||
| Revenues From Abroad | EUR mil | ... | ... | ... | ... | ... | ... | 468 | 668 | 1,353 | 1,861 | 1,447 | ... | ... | |
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | ... | 22.8 | 30.6 | 46.7 | 52.6 | 50.7 | ... | ... | |
| Installed Capacity (MW) | MW | ... | ... | ... | ... | ... | ... | ... | 5,617 | 5,617 | 5,739 | 5,739 | 5,739 | ||
| Electricity Production (GWh) | GWh | ... | ... | ... | ... | ... | ... | ... | 18,987 | 20,089 | 21,934 | 22,245 | 22,843 | ||
| Electricity Supply (GWh) | GWh | ... | ... | ... | ... | 19,600 | 20,400 | 19,921 | 20,375 | 20,906 | |||||
| Sales of Electricity to End Clients (TWh) | TWh | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.00 | 5.00 | 5.00 |
Get all company financials in excel:
Slovenske elektrarne, a.s. is a Slovakia-based power generating company. The Company undertakes the generation, distribution and trading of electricity and heat. It also offers ancillary services to the power industry. It operates 35 hydroelectric, two nuclear, two thermoelectric and two photovoltaic plants with a total installed capacity of 5,739 MW. Following the privatization of the company in 2006, Enel Produzione SpA (Enel) owns and controls 66% of the company and the remaining 34% is owned by the National Property Fund of Slovak Republic. Slovenske elektrarne is headquartered in Bratislava, Slovakia. Enel is Italy's largest power company and Europe's second listed utility by installed capacity. It is a leading integrated player in the power and gas markets of Europe and Latin America, operating in 40 countries across 4 continents
Slovenske Elektrarne has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 4.15% a year during that time to total of EUR 870 mil in 2015, or 36.9% of sales. That’s compared to 26.9% average margin seen in last five years.
The company netted EUR 26.1 mil in 2015 implying ROE of 0.662% and ROCE of 0.311%. Again, the average figures were 9.38% and 4.12%, respectively when looking at the previous 5 years.
Slovenske Elektrarne’s net debt amounted to EUR 2,005 mil at the end of 2015, or 0.525 of equity. When compared to EBITDA, net debt was 2.30x, up when compared to average of 1.76x seen in the last 5 years.
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