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AGC Flat Glass Czech Republic

AGC CR's Cash & Cash Equivalents fell 75.5% yoy to CZK 106 mil in 2015

By Helgi Library - April 2, 2020

AGC Flat Glass Czech Republic's total assets reached CZK 13,352 mil at the end of 2015, down 1.91% compared to the previous year...

Profit Statement
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Feb 2014
Statistical Dossier

AGC Glass Europe is an international group based in Brussels which produces, processes and distributes flat glass for the construction and automotive industry, solar applications and certain specialized industries. It is the European branch of the AGC group (Asahi Glass Co.). Its industrial facilities comprise 18 float glass lines, 10 automotive glass processing centres and more than 100 distribution-processing units in Europe, stretching from Spain to Russia. The Company was founded in 1961 out of the merger of Glaver and Univerbel. In 1981 the Company was acquired by the Asahi Glass Company of Japan. In 2007, Glaverbel was renamed as AGC Flat Glass Europe. AGC Flat Glass Czech is a Czech Republic-based subsidiary of the Group. In 1990, Glaverbel was the first western industrial company to invest in Czechoslovakia

Finance

AGC Flat Glass Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 6.88% a year during that time to total of CZK 1,079 mil in 2015, or 7.87% of sales. That’s compared to 8.28% average margin seen in last five years.

The company netted CZK 153 mil in 2015 implying ROE of 3.01% and ROCE of 1.30%. Again, the average figures were 1.95% and 1.18%, respectively when looking at the previous 5 years.

AGC Flat Glass Czech Republic’s net debt amounted to CZK 4,906 mil at the end of 2015, or 1.01 of equity. When compared to EBITDA, net debt was 4.55x, up when compared to average of 4.02x seen in the last 5 years.

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