By Helgi Library - April 2, 2020
Ness Czech Republic's total assets reached CZK 523 mil at the end of 2017, down 13.1% compared to the previous year. ...
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Ness Czech Republic (or Ness Czech, s.r.o.) designs and delivers information technology solutions in the Central and East European market. It develops technologies based on SAP’s ERP and CRM systems, as well as on Microsoft and BEA products. The company serves customers in utilities, manufacturing, banking, insurance, telecommunications, and retail, as well as public, government, and defense sectors. Ness Czech was formerly known as APP Group. The company is based in Prague, the Czech Republic. Ness Czech operates as a subsidiary of Ness Technologies, Inc.
Ness Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 5.13% a year during that time to total of CZK 42.5 mil in 2017, or 4.64% of sales. That’s compared to 4.19% average margin seen in last five years.
The company netted CZK 25.1 mil in 2017 implying ROE of 9.79% and ROCE of 7.50%. Again, the average figures were 6.09% and 5.70%, respectively when looking at the previous 5 years.
Ness Czech Republic’s net debt amounted to CZK -110 mil at the end of 2017, or -44.6% of equity. When compared to EBITDA, net debt was -2.58x, down when compared to average of 1.06x seen in the last 5 years.
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