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Globus Czech Republic

Globus CR's Cash & Cash Equivalents rose 6.43% yoy to CZK 793 mil in 2016

By Helgi Library - April 2, 2020

Globus Czech Republic's total assets reached CZK 4,524 mil at the end of 2016, up 5.34% compared to the previous year. ...

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Globus Česká republika is a Czech Republic-based subsidiary of Germany's Globus Hypermarket Holding. Globus is also a brand of the retail chain of hypermarkets, Do-It-Yourselve (DIY) stores and electronics stores the Company operates. The Company was founded in 1970, but the origins date back to the early 19th Century. Nowadays, the Company operates 46 hypermarkets and 77 Do-It-Yourselve stores in Germany and is represented with 16 supermarkets in the Czech Republic, 7 locations in Russia and 2 Hardware Stores in Luxembourg. Globus stores offer a broad and comprehensive product range, which, on average, includes 50-100,000 articles per store. Overall, the Company employes around 35,000 people

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Finance

Globus Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 6.22% a year during that time to total of CZK 793 mil in 2016, or 3.47% of sales. That’s compared to 3.14% average margin seen in last five years.

The company netted CZK 374 mil in 2016 implying ROE of 24.5% and ROCE of 24.4%. Again, the average figures were 20.4% and 27.0%, respectively when looking at the previous 5 years.

Globus Czech Republic’s net debt amounted to CZK -544 mil at the end of 2016, or -35.5% of equity. When compared to EBITDA, net debt was -0.685x, up when compared to average of -0.805x seen in the last 5 years.