By Helgi Library - April 2, 2020
Czech Coal's total assets reached CZK 561 mil at the end of 2014, down 62.6% compared to the previous year. Curren...
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Czech Coal Group is a Czech Republic-based brown coal mining company and an energy trader. The Company is engaged in mining, processing and selling brown coal (lignite) and its by-products. It operates in the north-western part of the Northern Bohemian Brown Coal Basin. The company operates two mines separated from Mostecká uhelná, namely, the Litvínovská uhelná and the Vršanská uhelná. In 2012, the Company produced over 14 mil metric tonnes of brown coal. Czech Coal Group was established in 2005 with assets of Mostecká uhelná mining company and the electricity trading company, Czech Coal. Czech Coal allegedly controls the largest coal reserves in the Czech Republic with mining ensured until 2052 within the existing mining limits. The effective owner of Czech Coal is the controversial financier, Pavel Tykač
Czech Coal has been growing its sales by a year on average in the last 5 years. EBITDA has fallen by 102% during that time to total of CZK -56.0 mil in 2014, or -3.10% of sales. That’s compared to -1.17% average margin seen in last five years.
The company netted CZK -375 mil in 2014 implying ROE of 494% and ROCE of -73.0%. Again, the average figures were 77.4% and -27.6%, respectively when looking at the previous 5 years.
Czech Coal’s net debt amounted to CZK -25.7 mil at the end of 2014, or -0.616 of equity. When compared to EBITDA, net debt was 0.458x, up when compared to average of -0.071x seen in the last 5 years.
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