Borealis

Borealis's Cash & Cash Equivalents rose 1,192% yoy to EUR 548 mil in 2015

By Helgi Analytics - April 2, 2020

Borealis's total assets reached EUR 9,261 mil at the end of 2015, up 10.9% compared to the previous year. Current ...

Profit Statement 2013 2014 2015
Sales EUR mil 8,106 8,330 7,700
Gross Profit EUR mil 1,071 1,272 1,703
EBITDA EUR mil 449 557 990
EBIT EUR mil 195 280 718
Financing Cost EUR mil 69.9 71.0 69.2
Pre-Tax Profit EUR mil 476 618 1,118
Net Profit EUR mil 422 570 988
Dividends EUR mil 60.0 70.0 100
Balance Sheet 2013 2014 2015
Total Assets EUR mil 7,712 8,353 9,261
Non-Current Assets EUR mil 5,377 6,082 6,737
Current Assets EUR mil 2,334 2,271 2,524
Working Capital EUR mil 879 931 790
Shareholders' Equity EUR mil 3,902 4,532 5,716
Liabilities EUR mil 3,809 3,821 3,545
Total Debt EUR mil 1,831 1,841 1,644
Net Debt EUR mil 1,770 1,798 1,096
Ratios 2013 2014 2015
ROE % 11.2 13.5 19.3
ROCE % 7.04 8.59 13.6
Gross Margin % 13.2 15.3 22.1
EBITDA Margin % 5.53 6.68 12.9
EBIT Margin % 2.41 3.37 9.33
Net Margin % 5.21 6.84 12.8
Net Debt/EBITDA 3.95 3.23 1.11
Net Debt/Equity 0.454 0.397 0.192
Cost of Financing % 4.06 3.87 3.97
Cash Flow 2013 2014 2015
Total Cash From Operations EUR mil 482 428 1,103
Total Cash From Investing EUR mil -661 -349 -264
Total Cash From Financing EUR mil 179 -96.8 -333
Net Change In Cash EUR mil -0.566 -18.2 505
Cash Conversion Cycle days 41.1 43.8 40.9
Cash Earnings EUR mil 676 846 1,260
Free Cash Flow EUR mil -179 78.6 839

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
income statement                        
Sales EUR mil           6,269 7,096 7,545 8,106 8,330   ...
Gross Profit EUR mil           1,888 1,585 1,527 1,071 1,272   ...
EBIT EUR mil           349 285 158 195 280   ...
Net Profit EUR mil           331 506 479 422 570   ...
ROE %           12.5 16.4 13.9 11.2 13.5   ...
EBIT Margin %           5.57 4.02 2.09 2.41 3.37   ...
Net Margin %           5.28 7.13 6.35 5.21 6.84   ...
Employees           5,075 5,160 5,339 6,227 6,290   ...
balance sheet                        
Total Assets EUR mil           5,630 6,128 6,956 7,712 8,353   ...
Non-Current Assets EUR mil           3,861 4,251 4,849 5,377 6,082   ...
Current Assets EUR mil           1,769 1,877 2,107 2,334 2,271   ...
Shareholders' Equity EUR mil           2,898 3,286 3,627 3,902 4,532   ...
Liabilities EUR mil           2,732 2,842 3,329 3,809 3,821   ...
Non-Current Liabilities EUR mil           1,707 1,658 1,907 2,385 2,281   ...
Current Liabilities EUR mil           1,025 1,184 1,422 1,424 1,540   ...
Net Debt/EBITDA           1.73 2.01 3.58 3.95 3.23   ...
Net Debt/Equity           0.365 0.348 0.426 0.454 0.397   ...
Cost of Financing % ...         3.10 5.02 4.28 4.06 3.87   ...
cash flow                        
Total Cash From Operations EUR mil           269 242 214 482 428   ...
Total Cash From Investing EUR mil           -279 -213 -509 -661 -349   ...
Total Cash From Financing EUR mil           107 -66.0 263 179 -96.8   ...
Net Change In Cash EUR mil           97.0 -37.0 -32.0 -0.566 -18.2   ...
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
income statement                        
Sales EUR mil           6,269 7,096 7,545 8,106 8,330   ...
Cost of Goods & Services EUR mil           4,381 5,511 6,018 7,035 7,058   ...
Gross Profit EUR mil           1,888 1,585 1,527 1,071 1,272   ...
Staff Cost EUR mil           462 480 539 573 642   ...
Other Cost EUR mil           816 536 556 49.3 73.5   ...
EBITDA EUR mil           610 569 432 449 557   ...
Depreciation EUR mil           261 284 274 253 276   ...
EBIT EUR mil           349 285 158 195 280   ...
Financing Cost EUR mil           35.0 61.0 61.0 69.9 71.0   ...
Extraordinary Cost EUR mil           -91.0 -334 -391 -351 -408   ...
Pre-Tax Profit EUR mil           405 558 488 476 618   ...
Tax EUR mil           72.0 51.0 8.00 53.7 46.6   ...
Minorities EUR mil           2.00 1.00 1.00 0.495 1.00   ...
Net Profit EUR mil           331 506 479 422 570   ...
Dividends EUR mil           0 100 110 60.0 70.0   ...
growth rates                        
Total Revenue Growth % ...         33.0 13.2 6.33 7.44 2.76   ...
Operating Cost Growth % ...         11.0 -20.5 7.78 -43.2 15.1    
EBITDA Growth % ...         135 -6.72 -24.1 3.85 24.1   ...
EBIT Growth % ...         1,354 -18.3 -44.6 23.6 43.6   ...
Pre-Tax Profit Growth % ...         1,091 37.8 -12.5 -2.38 29.7   ...
Net Profit Growth % ...         771 52.9 -5.34 -11.9 35.1   ...
ratios                        
ROE %           12.5 16.4 13.9 11.2 13.5   ...
ROCE % ...         7.95 10.9 8.99 7.04 8.59   ...
Gross Margin %           30.1 22.3 20.2 13.2 15.3   ...
EBITDA Margin %           9.73 8.02 5.73 5.53 6.68   ...
EBIT Margin %           5.57 4.02 2.09 2.41 3.37   ...
Net Margin %           5.28 7.13 6.35 5.21 6.84   ...
Payout Ratio %           0 19.8 23.0 14.2 12.3   ...
Cost of Financing % ...         3.10 5.02 4.28 4.06 3.87   ...
Net Debt/EBITDA           1.73 2.01 3.58 3.95 3.23   ...
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
balance sheet                        
Non-Current Assets EUR mil           3,861 4,251 4,849 5,377 6,082   ...
Property, Plant & Equipment EUR mil           2,464 2,445 2,604 2,764 2,824   ...
Intangible Assets EUR mil           214 220 273 347 352   ...
Current Assets EUR mil           1,769 1,877 2,107 2,334 2,271   ...
Inventories EUR mil           856 938 1,053 1,145 1,127   ...
Receivables EUR mil           318 352 584 654 545   ...
Cash & Cash Equivalents EUR mil           134 96.0 65.0 60.3 42.4   ...
Total Assets EUR mil           5,630 6,128 6,956 7,712 8,353   ...
Shareholders' Equity EUR mil           2,898 3,286 3,627 3,902 4,532   ...
Of Which Minority Interest EUR mil           11.0 10.0 10.0 19.9 20.7   ...
Liabilities EUR mil           2,732 2,842 3,329 3,809 3,821   ...
Non-Current Liabilities EUR mil           1,707 1,658 1,907 2,385 2,281   ...
Long-Term Debt EUR mil           1,072 1,016 1,236 1,677 1,595   ...
Deferred Tax Liabilities EUR mil           288 301 293 265 205   ...
Current Liabilities EUR mil           1,025 1,184 1,422 1,424 1,540   ...
Short-Term Debt EUR mil           120 222 374 154 246   ...
Trade Payables EUR mil           635 620 754 920 740   ...
Equity And Liabilities EUR mil           5,630 6,128 6,956 7,712 8,353   ...
growth rates                        
Total Asset Growth % ...         16.9 8.85 13.5 10.9 8.31   ...
Shareholders' Equity Growth % ...         21.0 13.4 10.4 7.59 16.1   ...
Net Debt Growth % ...         2.62 7.94 35.3 14.6 1.58   ...
Total Debt Growth % ...         11.6 3.86 30.0 13.7 0.557   ...
ratios                        
Total Debt EUR mil           1,192 1,238 1,610 1,831 1,841   ...
Net Debt EUR mil           1,058 1,142 1,545 1,770 1,798   ...
Working Capital EUR mil           539 670 883 879 931   ...
Capital Employed EUR mil           4,400 4,921 5,732 6,256 7,012   ...
Net Debt/Equity           0.365 0.348 0.426 0.454 0.397   ...
Cost of Financing % ...         3.10 5.02 4.28 4.06 3.87   ...
cash flow Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
cash flow                        
Net Profit EUR mil           331 506 479 422 570   ...
Depreciation EUR mil           261 284 274 253 276   ...
Non-Cash Items EUR mil ...         -172 -417 -326 -197 -367   ...
Change in Working Capital EUR mil ...         -151 -131 -213 4.07 -51.8   ...
Total Cash From Operations EUR mil           269 242 214 482 428   ...
Capital Expenditures EUR mil           -97.0 -242 -312 -264 -370   ...
Other Investments EUR mil           -182 29.0 -197 -397 20.6   ...
Total Cash From Investing EUR mil           -279 -213 -509 -661 -349   ...
Dividends Paid EUR mil           0 -100 -110 -60.0 -70.0   ...
Issuance Of Debt EUR mil ...         124 46.0 372 221 10.2   ...
Total Cash From Financing EUR mil           107 -66.0 263 179 -96.8   ...
Net Change In Cash EUR mil           97.0 -37.0 -32.0 -0.566 -18.2   ...
ratios                        
Days Sales Outstanding days           18.5 18.1 28.3 29.4 23.9   ...
Days Sales Of Inventory days           71.3 62.1 63.9 59.4 58.3   ...
Days Payable Outstanding days           52.9 41.1 45.7 47.7 38.3   ...
Cash Conversion Cycle days           36.9 39.2 46.4 41.1 43.8   ...
Cash Earnings EUR mil           592 790 753 676 846   ...
Free Cash Flow EUR mil           -10.0 29.0 -295 -179 78.6   ...
other data Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
other data                        
ROA %           6.34 8.61 7.32 5.76 7.10   ...
Gross Margin %           30.1 22.3 20.2 13.2 15.3   ...
Employees           5,075 5,160 5,339 6,227 6,290   ...
Cost Per Employee USD per month           10,036 10,778 10,802 10,178 10,970   ...
Cost Per Employee (Local Currency) EUR per month           7,586 7,752 8,413 7,667 8,511   ...
Staff Cost (As % Of Total Cost) %           7.80 7.05 7.30 7.24 7.98   ...
Effective Tax Rate %           17.8 9.14 1.64 11.3 7.54   ...
Capital Expenditures (As % of Sales) %           1.55 3.41 4.14 3.26 4.44   ...
Revenues From Abroad EUR mil ... ... ... ...   6,019 6,784 7,212 7,815 7,975   ...
Revenues From Abroad (As % Of Total) % ... ... ... ...   96.0 95.6 95.6 96.4 95.7   ...
Sales of Polyolefins EUR mil           4,240 4,780 4,906 5,168 5,159   ...
Sales of Base Chemicals EUR mil           1,903 2,218 2,529 2,850 3,047   ...
Sales of Other Products EUR mil           126 98.0 110 88.4 124   ...
Sales in the EU Countries EUR mil           4,549 5,254 5,686 6,313 6,465   ...
Sales in Austria EUR mil ... ... ... ...   250 312 333 292 355   ...
Sales in the Non-EU Countries EUR mil           675 732 785 643 578   ...
Sales in the USA EUR mil           156 201 193 123 150   ...
Sales in the Middle East & Asia EUR mil           557 508 400 471 556   ...
Sales in Other Regions EUR mil           332 401 481 556 580   ...
Sales of Polyolefins in the EU Countries EUR mil           2,809 3,167 3,303 3,674 3,632   ...
Sales of Polyolefins in Austria EUR mil ... ... ... ...   105 138 130 132 178   ...
Sales of Polyolefins in Non-EU Countries EUR mil           567 685 667 561 510   ...
Sales of Polyolefins in the USA EUR mil           129 166 187 118 132   ...
Sales of Polyolefins in the Middle East & Asia EUR mil           438 403 316 346 391   ...
Sales of Polyolefins in Other Regions EUR mil           297 359 433 469 494   ...
Sales of Chemicals in the EU Countries EUR mil           1,697 2,036 2,318 2,624 2,784   ...
Sales of Chemicals in Austria EUR mil ... ... ... ...   145 155 119 154 141   ...
Sales of Chemicals in the Non-EU Countries EUR mil           108 47.0 117 82.4 67.7   ...
Sales of Chemicals in the USA EUR mil           24.0 35.0 6.00 5.80 17.6   ...
Sales of Chemicals in the Middle East & Asia EUR mil ... ...       39.0 59.0 40.0 51.0 95.9   ...

Get all company financials in excel:

Download Sample   $19.99

Apr 2016
Statistical Dossier
Feb 2014
Statistical Dossier
Feb 2014
Company Report

Borealis is an Austria-based supplier of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. The Company provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC). The Company offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene and propylene servicing a wide range of industries. Borealis also distributes approximately 2.1 mil tonnes of fertilizers per year to the agricultural industry. The Company is headquartered in Vienna, Austria, and operates in over 120 countries with around 5,300 employees worldwide, generating EUR 7.5 billion in sales revenue in 2012. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, the remaining 36% is owned by OMV Group

Finance

Borealis has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 100% a year during that time to total of in 2016, or of sales. That’s compared to 7.70% average margin seen in last five years.

The company netted in 2016 implying ROE of and ROCE of . Again, the average figures were 14.5% and 9.55%, respectively when looking at the previous 5 years.

Borealis’s net debt amounted to at the end of 2016, or of equity. When compared to EBITDA, net debt was x, down when compared to average of 2.97x seen in the last 5 years.