By Helgi Library - April 2, 2020
IKEA Czech Republic's total assets reached CZK 3,445 mil at the end of 2017, down 17.3% compared to the previous year. ...
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IKEA Česká republika is a Czech Republic-based subsidiary of Sweden's IKEA Group. Similar to the Group, the Czech IKEA operates department stores selling furniture and household equipment. In 2013, there were two stores in Prague and one in Ostrava and Brno in the the Czech Republic. The IKEA Group is a Swedish company registered in the Netherlands that designs and sells ready-to-assemble furniture (such as beds, chairs and desks), appliances and home accessories. Founded in Sweden in 1943 by 17-year-old, Ingvar Kamprad, the company's name is an acronym that consists of the initials of, Ingvar Kamprad, Elmtaryd (the farm where he grew up), and Agunnaryd (his hometown in Småland, south Sweden). In 2013, IKEA operated 349 stores in 43 countries
IKEA Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 16.4% a year during that time to total of CZK 1,546 mil in 2017, or 15.6% of sales. That’s compared to 12.7% average margin seen in last five years.
The company netted CZK 865 mil in 2017 implying ROE of 36.5% and ROCE of 44.0%. Again, the average figures were 21.4% and 23.0%, respectively when looking at the previous 5 years.
IKEA Czech Republic’s net debt amounted to CZK -630 mil at the end of 2017, or -32.4% of equity. When compared to EBITDA, net debt was -0.408x, down when compared to average of -0.379x seen in the last 5 years.
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