By Helgi Library - April 2, 2020
Travel Service's total assets reached CZK 3,726 mil at the end of 2015, up 24.5% compared to the previous year. Cu...
By Helgi Library - April 2, 2020
Travel Service's total assets reached CZK 3,726 mil at the end of 2015, up 24.5% compared to the previous year. Cu...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | CZK mil | 14,059 | 15,746 | 14,849 |
| Gross Profit | CZK mil | 1,270 | 1,270 | 1,316 |
| EBITDA | CZK mil | 167 | 288 | 504 |
| EBIT | CZK mil | 150 | 274 | 488 |
| Financing Cost | CZK mil | -69.2 | 204 | 240 |
| Pre-Tax Profit | CZK mil | 219 | 70.5 | 248 |
| Net Profit | CZK mil | 158 | 60.1 | 192 |
| Dividends | CZK mil | ... | ... | ... |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | CZK mil | 2,798 | 2,993 | 3,726 |
| Non-Current Assets | CZK mil | 511 | 558 | 761 |
| Current Assets | CZK mil | 1,908 | 1,990 | 2,657 |
| Working Capital | CZK mil | -163 | -88.5 | 408 |
| Shareholders' Equity | CZK mil | 735 | 777 | 983 |
| Liabilities | CZK mil | 2,063 | 2,216 | 2,743 |
| Total Debt | CZK mil | 683 | 876 | 1,178 |
| Net Debt | CZK mil | 502 | 693 | 990 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 24.2 | 7.94 | 21.9 |
| ROCE | % | 44.2 | 14.7 | 23.5 |
| Gross Margin | % | 9.03 | 8.06 | 8.86 |
| EBITDA Margin | % | 1.19 | 1.83 | 3.39 |
| EBIT Margin | % | 1.06 | 1.74 | 3.29 |
| Net Margin | % | 1.13 | 0.381 | 1.30 |
| Net Debt/EBITDA | 3.01 | 2.40 | 1.97 | |
| Net Debt/Equity | 0.683 | 0.892 | 1.01 | |
| Cost of Financing | % | -9.21 | 26.1 | 23.4 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Total Cash From Operations | CZK mil | 233 | -109 | -262 |
| Total Cash From Investing | CZK mil | -172 | -57.9 | -34.5 |
| Total Cash From Financing | CZK mil | 86.2 | 169 | 302 |
| Net Change In Cash | CZK mil | 147 | 2.05 | 5.57 |
| Cash Conversion Cycle | days | -5.55 | -2.85 | 10.1 |
| Cash Earnings | CZK mil | 176 | 74.2 | 208 |
| Free Cash Flow | CZK mil | 60.4 | -167 | -296 |
Get all company financials in excel:
| summary | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Sales | CZK mil | 7,006 | 8,838 | 10,350 | 10,700 | 14,059 | ||||||||
| Gross Profit | CZK mil | 972 | 728 | 651 | 922 | 1,270 | ||||||||
| EBIT | CZK mil | 344 | 43.0 | 26.0 | 86.0 | 150 | ||||||||
| Net Profit | CZK mil | 212 | 1.00 | -4.00 | 48.0 | 158 | ||||||||
| ROE | % | 74.8 | 0.212 | -0.755 | 8.72 | 24.2 | ||||||||
| EBIT Margin | % | 4.91 | 0.487 | 0.251 | 0.804 | 1.06 | ||||||||
| Net Margin | % | 3.03 | 0.011 | -0.039 | 0.449 | 1.13 | ||||||||
| Employees | 624 | 668 | 766 | 802 | 989 | |||||||||
| balance sheet | ||||||||||||||
| Total Assets | CZK mil | 1,653 | 1,794 | 1,605 | 1,998 | 2,798 | ||||||||
| Non-Current Assets | CZK mil | 547 | 82.0 | 196 | 233 | 511 | ||||||||
| Current Assets | CZK mil | 1,034 | 1,200 | 1,067 | 1,401 | 1,908 | ||||||||
| Shareholders' Equity | CZK mil | 409 | 533 | 526 | 575 | 735 | ||||||||
| Liabilities | CZK mil | 1,244 | 1,261 | 1,079 | 1,423 | 2,063 | ||||||||
| Non-Current Liabilities | CZK mil | ... | 2.00 | 4.00 | 7.00 | 5.00 | 3.90 | |||||||
| Current Liabilities | CZK mil | 527 | 642 | 587 | 798 | 1,311 | ||||||||
| Net Debt/EBITDA | 1.13 | 8.81 | 15.1 | 7.87 | 3.01 | |||||||||
| Net Debt/Equity | 0.985 | 0.942 | 1.12 | 1.37 | 0.683 | |||||||||
| Cost of Financing | % | ... | 12.1 | 6.41 | 3.92 | 3.04 | -9.21 | |||||||
| cash flow | ||||||||||||||
| Total Cash From Operations | CZK mil | ... | ... | -171 | 153 | -51.0 | -76.0 | 233 | ||||||
| Total Cash From Investing | CZK mil | ... | ... | -19.0 | -9.00 | -129 | -50.0 | -172 | ||||||
| Total Cash From Financing | CZK mil | ... | ... | 119 | -121 | 23.0 | 120 | 86.2 | ||||||
| Net Change In Cash | CZK mil | ... | ... | -71.0 | 23.0 | -157 | -6.00 | 147 |
| income statement | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Sales | CZK mil | 7,006 | 8,838 | 10,350 | 10,700 | 14,059 | ||||||||
| Cost of Goods & Services | CZK mil | 6,034 | 8,110 | 9,699 | 9,778 | 12,789 | ||||||||
| Gross Profit | CZK mil | 972 | 728 | 651 | 922 | 1,270 | ||||||||
| Staff Cost | CZK mil | 579 | 625 | 735 | 754 | 889 | ||||||||
| Other Cost | CZK mil | 35.0 | 46.0 | -123 | 68.0 | 214 | ||||||||
| EBITDA | CZK mil | 358 | 57.0 | 39.0 | 100 | 167 | ||||||||
| Depreciation | CZK mil | 14.0 | 14.0 | 13.0 | 14.0 | 17.2 | ||||||||
| EBIT | CZK mil | 344 | 43.0 | 26.0 | 86.0 | 150 | ||||||||
| Financing Cost | CZK mil | 72.0 | 41.0 | 26.0 | 22.0 | -69.2 | ||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | CZK mil | 272 | 2.00 | 0 | 64.0 | 219 | ||||||||
| Tax | CZK mil | 60.0 | 0 | 5.00 | 16.0 | 60.4 | ||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Net Profit | CZK mil | 212 | 1.00 | -4.00 | 48.0 | 158 | ||||||||
| Dividends | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| growth rates | ||||||||||||||
| Total Revenue Growth | % | ... | 7.60 | 26.1 | 17.1 | 3.38 | 31.4 | |||||||
| Operating Cost Growth | % | ... | 9.25 | 9.28 | -8.79 | 34.3 | 34.2 | |||||||
| EBITDA Growth | % | ... | -9.60 | -84.1 | -31.6 | 156 | 66.7 | |||||||
| EBIT Growth | % | ... | -10.4 | -87.5 | -39.5 | 231 | 73.9 | |||||||
| Pre-Tax Profit Growth | % | ... | 2,373 | -99.3 | -100 | ... | 242 | |||||||
| Net Profit Growth | % | ... | 5,200 | -99.5 | -500 | -1,300 | 230 | |||||||
| ratios | ||||||||||||||
| ROE | % | 74.8 | 0.212 | -0.755 | 8.72 | 24.2 | ||||||||
| ROCE | % | ... | 25.2 | 0.263 | -2.29 | 15.2 | 44.2 | |||||||
| Gross Margin | % | 13.9 | 8.24 | 6.29 | 8.62 | 9.03 | ||||||||
| EBITDA Margin | % | 5.11 | 0.645 | 0.377 | 0.935 | 1.19 | ||||||||
| EBIT Margin | % | 4.91 | 0.487 | 0.251 | 0.804 | 1.06 | ||||||||
| Net Margin | % | 3.03 | 0.011 | -0.039 | 0.449 | 1.13 | ||||||||
| Payout Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Cost of Financing | % | ... | 12.1 | 6.41 | 3.92 | 3.04 | -9.21 | |||||||
| Net Debt/EBITDA | 1.13 | 8.81 | 15.1 | 7.87 | 3.01 |
| balance sheet | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | ||||||||||||||
| Non-Current Assets | CZK mil | 547 | 82.0 | 196 | 233 | 511 | ||||||||
| Property, Plant & Equipment | CZK mil | 512 | 47.0 | 38.0 | 48.0 | 137 | ||||||||
| Intangible Assets | CZK mil | 3.00 | 4.00 | 6.00 | 11.0 | 15.5 | ||||||||
| Current Assets | CZK mil | 1,034 | 1,200 | 1,067 | 1,401 | 1,908 | ||||||||
| Inventories | CZK mil | 136 | 144 | 146 | 156 | 182 | ||||||||
| Receivables | CZK mil | 254 | 232 | 260 | 378 | 343 | ||||||||
| Cash & Cash Equivalents | CZK mil | 176 | 198 | 40.0 | 34.0 | 181 | ||||||||
| Total Assets | CZK mil | 1,653 | 1,794 | 1,605 | 1,998 | 2,798 | ||||||||
| Shareholders' Equity | CZK mil | 409 | 533 | 526 | 575 | 735 | ||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Liabilities | CZK mil | 1,244 | 1,261 | 1,079 | 1,423 | 2,063 | ||||||||
| Non-Current Liabilities | CZK mil | ... | 2.00 | 4.00 | 7.00 | 5.00 | 3.90 | |||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Deferred Tax Liabilities | CZK mil | ... | 2.00 | 4.00 | 7.00 | 5.00 | 3.90 | |||||||
| Current Liabilities | CZK mil | 527 | 642 | 587 | 798 | 1,311 | ||||||||
| Short-Term Debt | CZK mil | 579 | 700 | 627 | 821 | 683 | ||||||||
| Trade Payables | CZK mil | 264 | 371 | 339 | 399 | 689 | ||||||||
| Provisions | CZK mil | ... | ... | ... | ... | ... | ... | 1.00 | 2.00 | 3.00 | 16.0 | 51.3 | ||
| Equity And Liabilities | CZK mil | 1,653 | 1,794 | 1,605 | 1,998 | 2,798 | ||||||||
| growth rates | ||||||||||||||
| Total Asset Growth | % | ... | -25.7 | 8.53 | -10.5 | 24.5 | 40.1 | |||||||
| Shareholders' Equity Growth | % | ... | 159 | 30.3 | -1.31 | 9.32 | 27.9 | |||||||
| Net Debt Growth | % | ... | 9.81 | 24.6 | 16.9 | 34.1 | -36.2 | |||||||
| Total Debt Growth | % | ... | -5.55 | 20.9 | -10.4 | 30.9 | -16.8 | |||||||
| ratios | ||||||||||||||
| Total Debt | CZK mil | 579 | 700 | 627 | 821 | 683 | ||||||||
| Net Debt | CZK mil | 403 | 502 | 587 | 787 | 502 | ||||||||
| Working Capital | CZK mil | 126 | 5.00 | 67.0 | 135 | -163 | ||||||||
| Capital Employed | CZK mil | 673 | 87.0 | 263 | 368 | 348 | ||||||||
| Net Debt/Equity | 0.985 | 0.942 | 1.12 | 1.37 | 0.683 | |||||||||
| Cost of Financing | % | ... | 12.1 | 6.41 | 3.92 | 3.04 | -9.21 |
| cash flow | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | ||||||||||||||
| Net Profit | CZK mil | 212 | 1.00 | -4.00 | 48.0 | 158 | ||||||||
| Depreciation | CZK mil | 14.0 | 14.0 | 13.0 | 14.0 | 17.2 | ||||||||
| Non-Cash Items | CZK mil | ... | ... | ... | -717 | 17.0 | 2.00 | -70.0 | -241 | |||||
| Change in Working Capital | CZK mil | ... | ... | ... | 320 | 121 | -62.0 | -68.0 | 298 | |||||
| Total Cash From Operations | CZK mil | ... | ... | -171 | 153 | -51.0 | -76.0 | 233 | ||||||
| Capital Expenditures | CZK mil | ... | ... | -19.0 | -9.00 | -129 | -30.0 | -933 | ||||||
| Other Investments | CZK mil | ... | ... | 0 | 0 | 0 | -20.0 | 760 | ||||||
| Total Cash From Investing | CZK mil | ... | ... | -19.0 | -9.00 | -129 | -50.0 | -172 | ||||||
| Issuance Of Debt | CZK mil | ... | ... | ... | -34.0 | 121 | -73.0 | 194 | -138 | |||||
| Total Cash From Financing | CZK mil | ... | ... | 119 | -121 | 23.0 | 120 | 86.2 | ||||||
| Net Change In Cash | CZK mil | ... | ... | -71.0 | 23.0 | -157 | -6.00 | 147 | ||||||
| ratios | ||||||||||||||
| Days Sales Outstanding | days | 13.2 | 9.58 | 9.17 | 12.9 | 8.91 | ||||||||
| Days Sales Of Inventory | days | 8.23 | 6.48 | 5.49 | 5.82 | 5.21 | ||||||||
| Days Payable Outstanding | days | 16.0 | 16.7 | 12.8 | 14.9 | 19.7 | ||||||||
| Cash Conversion Cycle | days | 5.49 | -0.635 | 1.91 | 3.82 | -5.55 | ||||||||
| Cash Earnings | CZK mil | 226 | 15.0 | 9.00 | 62.0 | 176 | ||||||||
| Free Cash Flow | CZK mil | ... | ... | -190 | 144 | -180 | -126 | 60.4 |
| other data | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | ||||||||||||||
| ROA | % | 10.9 | 0.058 | -0.235 | 2.66 | 6.60 | ||||||||
| Gross Margin | % | 13.9 | 8.24 | 6.29 | 8.62 | 9.03 | ||||||||
| Employees | 624 | 668 | 766 | 802 | 989 | |||||||||
| Cost Per Employee | USD per month | 4,058 | 4,080 | 4,521 | 4,005 | 3,828 | ||||||||
| Cost Per Employee (Local Currency) | CZK per month | 77,324 | 77,969 | 79,961 | 78,346 | 74,901 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 8.69 | 7.11 | 7.12 | 7.10 | 6.39 | ||||||||
| Effective Tax Rate | % | 22.1 | 0 | ... | 25.0 | 27.6 | ||||||||
| Capital Expenditures (As % of Sales) | % | ... | ... | 0.271 | 0.102 | 1.25 | 0.280 | 6.63 | ||||||
| Sales from Air Transport Charters | CZK mil | ... | ... | ... | ... | 4,963 | 6,478 | 7,581 | 6,973 | 8,479 | ||||
| Sales from Regular Passenger Transport | CZK mil | ... | ... | ... | ... | 969 | 1,471 | 1,888 | 2,059 | 3,291 | ||||
| Sales from Renting Airplanes | CZK mil | ... | ... | ... | ... | 628 | 585 | 568 | 963 | 1,725 |
Get all company financials in excel:
Travel Service Airlines is a Czech Republic-based airline with its home at the Václav Havel Airport Prague in Ruzyně, in Prague, Czech Republic. The Company operates charter flights and also wet and dry leases aircraft to other airlines. It has a number of subsidiaries, in Poland, Hungary and Slovakia. It also has a low cost scheduled airline, SmartWings. Following the poblems of the national carrier Czech Airlines, Travel Service is the biggest Czech airline company now. Since its founding in 1997 it has experienced a huge expansion and currently is present on market not only in the Czech Republic, but also in Slovakia, Hungary, Poland, Switzerland, France and Canary Islands. Travel Service planes are flying to more than 300 airports on 4 continents
Travel Service has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 54.6% a year during that time to total of CZK 504 mil in 2015, or 3.39% of sales. That’s compared to 1.54% average margin seen in last five years.
The company netted CZK 192 mil in 2015 implying ROE of 21.9% and ROCE of 23.5%. Again, the average figures were 12.4% and 19.1%, respectively when looking at the previous 5 years.
Travel Service’s net debt amounted to CZK 990 mil at the end of 2015, or 1.01 of equity. When compared to EBITDA, net debt was 1.97x, down when compared to average of 6.06x seen in the last 5 years.
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