By Helgi Library - April 2, 2020
Agrofert's total assets reached CZK 141,334 mil at the end of 2017, up 6.15% compared to the previous year. Curren...
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Agrofert, a.s. is a Czech Republic's agricultural, food processing and chemical holding company. The company controls over 230 firms in the Czech Republic and Slovakia and was the fourth largest company in the Czech Republic by sales in 2012. The company was created in 1993 and is owned by its CEO Andrej Babis. The largest chemical companies controlled by Agrofert are for example Deza, Duslo, Lovochemie, Precheza or Synthesie while Kostelecke uzeniny, Prochazka, Vodnanska drubez or Mlekarna Hlinsko belong among Agrofert's largest food-processing subsidiaries. In 2013, Agrofert got exposed to the media business when acquiring media concern Mafra (issuing daily newspapers Lidove noviny and Dnes, for instance). Last, but not least, Andrej Babis's political party Ano has ranked second in the Czech 2013 parliamentary elections, so he has gained a significant political influence
Agrofert has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 0.204% a year during that time to total of CZK 12,516 mil in 2017, or 8.07% of sales. That’s compared to 8.72% average margin seen in last five years.
The company netted CZK 4,493 mil in 2017 implying ROE of 6.26% and ROCE of 4.16%. Again, the average figures were 10.3% and 6.91%, respectively when looking at the previous 5 years.
Agrofert’s net debt amounted to CZK 29,401 mil at the end of 2017, or 39.9% of equity. When compared to EBITDA, net debt was 2.35x, up when compared to average of 1.67x seen in the last 5 years.
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