By Helgi Library - April 2, 2020
Geco's total assets reached CZK 3,339 mil at the end of 2017, up 10.8% compared to the previous year. Current asse...
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Geco, a.s. (also known as Geco Tabák) is the largest Czech Republic's tobacco distributor. With the turnover of over CZK 17 bil, the Company ranked 49th among the largest companies in the Czech Republic by sales in 2012. Geco is the major purchaser and distributor of Philip Morris's tobacco products. The Company operates 250 retail stores throughout the country in 95 cities. Since 2000, the Company has been operating on the Slovak market
Geco has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 13.1% a year during that time to total of CZK 509 mil in 2017, or 1.48% of sales. That’s compared to 1.49% average margin seen in last five years.
The company netted CZK 371 mil in 2017 implying ROE of 58.4% and ROCE of 31.4%. Again, the average figures were 53.1% and 29.9%, respectively when looking at the previous 5 years.
Geco’s net debt amounted to CZK 301 mil at the end of 2017, or 47.3% of equity. When compared to EBITDA, net debt was 0.592x, down when compared to average of 1.01x seen in the last 5 years.
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