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Vodafone Czech Republic

Vodafone CR's net profit rose 13.4% yoy to CZK 1,457 mil in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic made a net profit of CZK 1,457 mil with revenues of CZK 14,012 mil in 2019, up by 13.4% and up by...

Vodafone CR's net profit rose 13.4% yoy to CZK 1,457 mil in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic made a net profit of CZK 1,457 mil with revenues of CZK 14,012 mil in 2019, up by 13.4% and up by...

Vodafone CR's employees rose 14.0% yoy to 1,858 in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic employed 1,858 employees in 2019, up 14% compared to the previous year. Historically, between 2...

Profit Statement 2017 2018 2019
Sales CZK mil 14,151 13,546 14,012
Gross Profit CZK mil 5,683 5,886 6,117
EBITDA CZK mil 4,166 4,380 4,529
EBIT CZK mil 1,445 1,678 2,061
Financing Cost CZK mil 14.4 131 379
Pre-Tax Profit CZK mil 1,383 1,545 1,836
Net Profit CZK mil 1,125 1,285 1,457
Dividends CZK mil 0 1,870 1,285
Balance Sheet 2017 2018 2019
Total Assets CZK mil 17,149 15,818 32,826
Non-Current Assets CZK mil 11,304 10,542 21,039
Current Assets CZK mil 4,465 3,852 10,405
Working Capital CZK mil 3,164 2,203 8,875
Shareholders' Equity CZK mil 6,450 5,865 12,837
Liabilities CZK mil 10,699 9,953 19,989
Total Debt CZK mil 4,114 6,117 15,602
Net Debt CZK mil 3,941 5,931 4,581
Ratios 2017 2018 2019
ROE % 19.1 20.9 15.6
ROCE % 8.12 9.44 6.83
Gross Margin % 40.2 43.5 43.7
EBITDA Margin % 29.4 32.3 32.3
EBIT Margin % 10.2 12.4 14.7
Net Margin % 7.95 9.49 10.4
Net Debt/EBITDA 0.946 1.35 1.01
Net Debt/Equity % 61.1 101 35.7
Cost of Financing % 0.256 2.56 3.49
Cash Flow 2017 2018 2019
Total Cash From Operations CZK mil 2,095 4,920 4,270
Total Cash From Investing CZK mil -2,077 -2,036 -19,270
Total Cash From Financing CZK mil 0 -2,871 14,975
Net Change In Cash CZK mil 18.0 13.0 -25.0
Cash Conversion Cycle days 65.3 32.2 208
Cash Earnings CZK mil 3,846 3,987 3,925
Free Cash Flow CZK mil 18.0 2,884 -15,000

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overview Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                        
Sales CZK mil                           13,766 13,375 13,707 13,947 14,151    
Gross Profit CZK mil                           4,823 4,755 5,011 5,203 5,683    
EBIT CZK mil                           478 542 1,068 1,089 1,445    
Net Profit CZK mil                           208 276 654 745 1,125    
                                           
ROE %                           5.87 7.29 15.4 15.0 19.1    
EBIT Margin %                           3.47 4.05 7.79 7.81 10.2    
Net Margin %                           1.51 2.06 4.77 5.34 7.95    
Employees ... ...                       1,684 1,525 1,482 1,453 1,513    
balance sheet                                        
Total Assets CZK mil                           17,431 17,919 18,798 16,224 17,149    
Non-Current Assets CZK mil                           11,581 11,732 12,154 11,979 11,304    
Current Assets CZK mil                           4,658 5,233 5,399 2,984 4,465    
                                           
Shareholders' Equity CZK mil                           3,648 3,924 4,580 5,325 6,450    
Liabilities CZK mil                           13,783 13,995 14,218 10,899 10,699    
Non-Current Liabilities CZK mil                           11,322 11,056 4,364 8,269 5,412    
Current Liabilities CZK mil                           2,461 2,939 9,854 2,630 5,287    
                                           
Net Debt/EBITDA                           -0.022 -0.012 -0.039 1.90 0.946    
Net Debt/Equity %                           -2.03 -0.943 -2.99 131 61.1    
Cost of Financing % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 304 766 0.771 0.256    
cash flow                                        
Total Cash From Operations CZK mil                           1,834 2,590 2,822 5,533 2,095    
Total Cash From Investing CZK mil                           -4,833 -2,627 -2,722 -2,515 -2,077    
Total Cash From Financing CZK mil                           2,998 -44.0 -45.0 -3,003 0    
Net Change In Cash CZK mil                           -1.00 -81.0 55.0 15.0 18.0    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                        
Sales CZK mil                           13,766 13,375 13,707 13,947 14,151    
Cost of Goods & Services CZK mil                           8,943 8,620 8,696 8,744 8,468    
Gross Profit CZK mil                           4,823 4,755 5,011 5,203 5,683    
Staff Cost CZK mil ... ...                       1,733 1,620 1,608 1,402 1,656    
Other Operating Cost (Income) CZK mil ... ...                       -270 -3.00 -150 143 -139    
EBITDA CZK mil                           3,360 3,138 3,553 3,658 4,166    
Depreciation CZK mil                           2,882 2,596 2,485 2,569 2,721    
EBIT CZK mil                           478 542 1,068 1,089 1,445    
Net Financing Cost CZK mil                           186 160 153 119 62.0    
Financing Cost CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... 78.9 195 27.4 14.4    
Extraordinary Cost CZK mil                           0 0 0 0 0    
Pre-Tax Profit CZK mil                           292 382 915 970 1,383    
Tax CZK mil                           84.0 106 261 225 258    
Minorities CZK mil                           0 0 0 0 0    
Net Profit CZK mil                           208 276 654 745 1,125    
Net Profit Avail. to Common CZK mil                           208 276 654 745 1,125    
Dividends CZK mil ... ... ... ... ... ...               0 0 0 0 0    
growth rates                                        
Total Revenue Growth % ...                         -9.67 -2.84 2.48 1.75 1.46    
Staff Cost Growth % ... ... ...                     -14.2 -6.52 -0.741 -12.8 18.1    
EBITDA Growth % ...                         -23.3 -6.61 13.2 2.96 13.9    
EBIT Growth % ...                         -67.1 13.4 97.0 1.97 32.7    
Pre-Tax Profit Growth % ...                         -76.7 30.8 140 6.01 42.6    
Net Profit Growth % ...                         -78.2 32.7 137 13.9 51.0    
ratios                                        
ROE %                           5.87 7.29 15.4 15.0 19.1    
ROA %                           1.31 1.56 3.56 4.25 6.74    
ROCE %                           2.05 2.49 5.75 5.97 8.12    
Gross Margin %                           35.0 35.6 36.6 37.3 40.2    
EBITDA Margin %                           24.4 23.5 25.9 26.2 29.4    
EBIT Margin %                           3.47 4.05 7.79 7.81 10.2    
Net Margin %                           1.51 2.06 4.77 5.34 7.95    
Payout Ratio % ... ... ... ... ... ...               0 0 0 0 0    
Cost of Financing % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 304 766 0.771 0.256    
Net Debt/EBITDA                           -0.022 -0.012 -0.039 1.90 0.946    
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                        
Cash & Cash Equivalents CZK mil                           78.0 85.0 140 155 173    
Receivables CZK mil                           774 952 1,119 2,709 4,109    
Inventories CZK mil                           130 143 142 120 183    
Other ST Assets CZK mil                           3,676 4,053 3,998 0 0    
Current Assets CZK mil                           4,658 5,233 5,399 2,984 4,465    
Property, Plant & Equipment CZK mil                           3,314 3,781 3,982 4,107 3,699    
LT Investments & Receivables CZK mil                           0 0 0 0 0    
Intangible Assets CZK mil                           8,267 7,951 8,172 7,872 7,605    
Goodwill CZK mil                           0 0 0 0 0    
Non-Current Assets CZK mil                           11,581 11,732 12,154 11,979 11,304    
Total Assets CZK mil                           17,431 17,919 18,798 16,224 17,149    
                                           
Trade Payables CZK mil                           1,319 1,782 1,728 1,556 1,128    
Short-Term Debt CZK mil                           4.00 48.0 3.00 105 114    
Other ST Liabilities CZK mil                           1,138 1,109 8,123 969 4,045    
Current Liabilities CZK mil                           2,461 2,939 9,854 2,630 5,287    
Long-Term Debt CZK mil                           0 0 0 7,000 4,000    
Other LT Liabilities CZK mil                           11,322 11,056 4,364 1,269 1,412    
Non-Current Liabilities CZK mil                           11,322 11,056 4,364 8,269 5,412    
Liabilities CZK mil                           13,783 13,995 14,218 10,899 10,699    
Equity Before Minority Interest CZK mil                           3,648 3,924 4,580 5,325 6,450    
Minority Interest CZK mil                           0 0 0 0 0    
Equity CZK mil                           3,648 3,924 4,580 5,325 6,450    
growth rates                                        
Total Asset Growth % ...                         20.8 2.80 4.91 -13.7 5.70    
Shareholders' Equity Growth % ...                         6.05 7.57 16.7 16.3 21.1    
Net Debt Growth % ...                         1.37 -50.0 270 -5,173 -43.3    
Total Debt Growth % ...           ... ... ...   ... ...   -33.3 1,100 -93.8 236,733 -42.1    
ratios                                        
Total Debt CZK mil                           4.00 48.0 3.00 7,105 4,114    
Net Debt CZK mil                           -74.0 -37.0 -137 6,950 3,941    
Working Capital CZK mil                           -415 -687 -467 1,273 3,164    
Capital Employed CZK mil                           11,166 11,045 11,687 13,252 14,468    
Net Debt/Equity %                           -2.03 -0.943 -2.99 131 61.1    
Current Ratio                           1.89 1.78 0.548 1.13 0.845    
Quick Ratio                           0.346 0.353 0.128 1.09 0.810    
cash flow Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                                        
Net Profit CZK mil                           208 276 654 745 1,125    
Depreciation CZK mil                           2,882 2,596 2,485 2,569 2,721    
Non-Cash Items CZK mil ...                         -1,161 -554 -97.0 3,959 140    
Change in Working Capital CZK mil ...                         -95.0 272 -220 -1,740 -1,891    
Total Cash From Operations CZK mil                           1,834 2,590 2,822 5,533 2,095    
                                           
Capital Expenditures CZK mil                           -4,835 -2,651 -2,724 -2,515 -2,077    
Other Investing Activities CZK mil                           2.00 24.0 2.00 0 0    
Total Cash From Investing CZK mil                           -4,833 -2,627 -2,722 -2,515 -2,077    
                                           
Dividends Paid CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 0 0 0    
Issuance Of Debt CZK mil ...                         -2.00 44.0 -45.0 7,102 -2,991    
Other Financing Activities CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Total Cash From Financing CZK mil                           2,998 -44.0 -45.0 -3,003 0    
Net Change In Cash CZK mil                           -1.00 -81.0 55.0 15.0 18.0    
ratios                                        
Days Sales Outstanding days                           20.5 26.0 29.8 70.9 106    
Days Sales Of Inventory days                           5.31 6.06 5.96 5.01 7.89    
Days Payable Outstanding days                           53.8 75.5 72.5 65.0 48.6    
Cash Conversion Cycle days                           -28.0 -43.4 -36.8 11.0 65.3    
Cash Earnings CZK mil                           3,090 2,872 3,139 3,314 3,846    
Free Cash Flow CZK mil                           -2,999 -37.0 100 3,018 18.0    
Capital Expenditures (As % of Sales) %                           35.1 19.8 19.9 18.0 14.7    
other ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                         
Employees ... ...                       1,684 1,525 1,482 1,453 1,513    
Cost Per Employee USD per month ... ...                       4,383 4,142 3,788 3,187 3,887    
Cost Per Employee (Local Currency) CZK per month ... ...                       85,758 88,525 90,418 80,408 91,210    
Material & Energy (As % of Sales) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Services (As % of Sales) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Staff Cost (As % of Sales) % ... ...                       12.6 12.1 11.7 10.1 11.7    
Effective Tax Rate %                           28.8 27.7 28.5 23.2 18.7    
Total Revenue Growth (5-year average) % ... ... ... ... ...                 -7.05 -6.32 -4.74 -3.68 -1.47    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...       2.28 -0.229 -3.86 -2.75 -2.96    
Customers mil                           ... ... ... ... ... ...  
clients & arpu Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                         
Customers mil                           ... ... ... ... ... ...  
Customers (Czechia) mil                           ... ... ... ... ... ...  
Sales per Customer USD                           ... ... ... ... ... ...  
EBITDA per Customer USD                           ... ... ... ... ... ...  
Net Profit per Customer USD                           ... ... ... ... ... ...  
ARPU from Total Business CZK per month                           ... ... ... ... ... ...  

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Vodafone CR's employees rose 14.0% yoy to 1,858 in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic employed 1,858 employees in 2019, up 14% compared to the previous year. Historically, between 2002 and 2019, the firm's workforce hit a high of 2,425 employees in 2010 and a low of 1,301 employees in 2002. Average personnel co...

Vodafone CR's Capital Expenditures fell 526% yoy to CZK 12,973 mil in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic invested a total of CZK 12,973 mil in 2019, up 526% compared to the previous year. Historically, between 2000 - 2019, the company's investments stood at a high of CZK 13,082 mil in 2000 and a low of CZK 2,073 mil in 2...

Vodafone CR's Capital Expenditures fell 526% yoy to CZK 12,973 mil in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic invested a total of CZK 12,973 mil in 2019, up 526% compared to the previous year. Historically, between 2000 - 2019, the company's investments stood at a high of CZK 13,082 mil in 2000 and a low of CZK 2,073 mil in 2...

Vodafone CR's ROCE fell 27.7% yoy to 6.83% in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic made a net profit of CZK 1,457 mil in 2019, up 13.4% compared to the previous year. Historically, between 2000 and 2019, the company's net profit reached a high of CZK 2,792 mil in 2007 and a low of CZK -3,888 mil in 2001. The resu...

Vodafone CR's ROCE fell 27.7% yoy to 6.83% in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic made a net profit of CZK 1,457 mil in 2019, up 13.4% compared to the previous year. Historically, between 2000 and 2019, the company's net profit reached a high of CZK 2,792 mil in 2007 and a low of CZK -3,888 mil in 2001. The resu...

Vodafone CR's Cash & Cash Equivalents fell 13.4% yoy to CZK 161 mil in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic's total assets reached CZK 32,826 mil at the end of 2019, up 108% compared to the previous year. Current assets amounted to CZK 10,405 mil, or 31.7% of total assets while cash stood at CZK 161 mil at the end of 2019....

Vodafone CR's Cash & Cash Equivalents fell 13.4% yoy to CZK 161 mil in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic's total assets reached CZK 32,826 mil at the end of 2019, up 108% compared to the previous year. Current assets amounted to CZK 10,405 mil, or 31.7% of total assets while cash stood at CZK 161 mil at the end of 2019....

Vodafone CR's Total Cash From Operations fell 13.2% yoy to CZK 4,270 mil in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic's operating cash flow stood at CZK 4,270 mil in 2019, down 13.2% when compared to the previous year. Historically, between 2000 - 2019, the firm’s operating cash flow reached a high of CZK 20,631 mil in 2009 and a low of CZK -3,...

Vodafone CR's Total Cash From Operations fell 13.2% yoy to CZK 4,270 mil in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic's operating cash flow stood at CZK 4,270 mil in 2019, down 13.2% when compared to the previous year. Historically, between 2000 - 2019, the firm’s operating cash flow reached a high of CZK 20,631 mil in 2009 and a low of CZK -3,...

Vodafone CR's Net Margin rose 9.61% yoy to 10.4% in 2019

By Helgi Library - February 20, 2021

Vodafone Czech Republic made a net profit of CZK 1,457 mil with revenues of CZK 14,012 mil in 2019, up by 13.4% and up by 3.44%, respectively, compared to the previous year. This translates into a net margin of 10.4%. Historically, between 2000 and 2019...

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The Vodafone Czech Republic is part of the Vodafone Group plc. The Vodafone Group is a British multinational telecommunications company based in London and it operates in over 30 countries throughout the world. It is the second-largest telecommunication company in the world, measured by subsribers and revenues in 2011. The name Vodafone comes from vo-ice da-ta fo-ne, chosen by the company to ''reflect the provision of voice and data services over mobile phones''. Initially, the company started in 1982 with the establishment of a subsidiary of Racal Electronics plc - UK's largest maker of military radio technology and eventually it evolved into today's Vodafone. In 2006, the Vodafone Group acquired Oskar Mobil and entered the Czech market. It offers telecommunication services, mobile data services including technology 3G, fixed lines, internet services and digital televisions. At the end of 2012, Vodafone Czech Republic had over 3.3 mil subscribers

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Finance

Vodafone Czech Republic has been growing its sales by 0.935% a year on average in the last 5 years. EBITDA has grown on average by 7.61% a year during that time to total of CZK 4,529 mil in 2019, or 32.3% of sales. That’s compared to 29.2% average margin seen in last five years.

The company netted CZK 1,457 mil in 2019 implying ROE of 15.6% and ROCE of 6.83%. Again, the average figures were 17.2% and 7.22%, respectively when looking at the previous 5 years.

Vodafone Czech Republic’s net debt amounted to CZK 4,581 mil at the end of 2019, or 35.7% of equity. When compared to EBITDA, net debt was 1.01x, down when compared to average of 1.03x seen in the last 5 years.