Ceska Posta

CesPosta's net profit fell 45.3% to CZK 98.0 mil in 2017

By Helgi Analytics - November 05, 2019

Ceska Posta made a net profit of CZK 98.0 mil in 2017, down 45.3% when compared to the last year. Total sales reached CZK 17,788 mil...

CesPosta's employees fell 0.634% to 29,612 in 2017

By Helgi Analytics - November 05, 2019

Ceska Posta employed 29,612 persons in 2017, down 0.634% when compared to the previous year. Historically, the firm's workforce hit ...

CesPosta's Net Margin fell 43.7% to 0.551% in 2017

By Helgi Analytics - November 05, 2019

Ceska Posta made a net profit of CZK CZK 98.0 mil under revenues of CZK 17,788 mil in 2017, down 45.3% and -2.71%, respectively, ...

Profit Statement 2015 2016 2017
Sales CZK mil 19,274 18,283 17,788
Gross Profit CZK mil 13,124 13,351 13,373
EBITDA CZK mil 1,121 1,030 920
EBIT CZK mil 277 221 88.0
Financing Cost CZK mil -24.0 12.0 -22.0
Pre-Tax Profit CZK mil 302 209 110
Net Profit CZK mil 241 179 98.0
Dividends CZK mil 0 0 ...
Balance Sheet 2015 2016 2017
Total Assets CZK mil 22,517 20,838 20,222
Non-Current Assets CZK mil 9,950 9,831 9,705
Current Assets CZK mil 12,434 10,935 10,397
Working Capital CZK mil -5,507 -1,062 35.0
Shareholders' Equity CZK mil 10,492 10,191 10,119
Liabilities CZK mil 12,025 10,647 10,103
Total Debt CZK mil 59.0 513 861
Net Debt CZK mil -8,866 -5,865 -4,423
Ratios 2015 2016 2017
ROE % 2.31 1.73 0.965
ROCE % 10.2 2.71 1.06
Gross Margin % 68.1 73.0 75.2
EBITDA Margin % 5.82 5.63 5.17
EBIT Margin % 1.44 1.21 0.495
Net Margin % 1.25 0.979 0.551
Net Debt/EBITDA -7.91 -5.69 -4.81
Net Debt/Equity % -84.5 -57.6 -43.7
Cost of Financing % -40.0 4.20 -3.20
Cash Flow 2015 2016 2017
Total Cash From Operations CZK mil -3,678 -1,669 -499
Total Cash From Investing CZK mil -365 -660 -476
Total Cash From Financing CZK mil -153 -218 -169
Net Change In Cash CZK mil -4,196 -2,547 -1,144
Cash Conversion Cycle days -377 -304 -302
Cash Earnings CZK mil 1,085 988 930
Free Cash Flow CZK mil -4,043 -2,329 -975

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summary Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                            
Sales CZK mil ... ... ... ... ... ... ...                 20,073 19,724 19,410 18,896 19,274    
Gross Profit CZK mil ... ... ... ... ... ... ...                 14,554 14,139 13,800 13,200 13,124    
EBIT CZK mil ... ... ... ... ... ... ...                 366 251 266 193 277    
Net Profit CZK mil ... ... ... ... ... ... ...                 338 261 250 207 241    
ROE % ... ... ... ... ... ... ...                 3.35 2.55 2.42 1.99 2.31    
EBIT Margin % ... ... ... ... ... ... ...                 1.82 1.27 1.37 1.02 1.44    
Net Margin % ... ... ... ... ... ... ...                 1.68 1.32 1.29 1.10 1.25    
Employees                               27,936 28,546 31,512 30,418 30,194    
balance sheet                                            
Total Assets CZK mil ... ... ... ... ... ... ...                 21,775 26,766 26,679 26,096 22,517    
Non-Current Assets CZK mil ... ... ... ... ... ... ...                 10,027 10,572 11,022 10,248 9,950    
Current Assets CZK mil ... ... ... ... ... ... ...                 11,620 16,101 1,546 15,755 12,434    
Shareholders' Equity CZK mil ... ... ... ... ... ... ...                 10,159 10,281 10,365 10,402 10,492    
Liabilities CZK mil ... ... ... ... ... ... ...                 11,616 16,485 16,314 15,694 12,025    
Non-Current Liabilities CZK mil ... ... ... ... ... ... ...                 225 272 378 382 326    
Current Liabilities CZK mil ... ... ... ... ... ... ...                 9,682 14,831 14,766 14,376 10,520    
Net Debt/EBITDA ... ... ... ... ... ... ...                 -6.52 -10.7 -9.99 -11.9 -7.91    
Net Debt/Equity % ... ... ... ... ... ... ...                 -84.8 -127 -123 -126 -84.5    
Cost of Financing % ... ... ... ... ... ... ... ...               -156 -175 -45.3 -47.5 -40.0    
cash flow                                            
Total Cash From Operations CZK mil ... ... ... ... ... ... ...                 1,407 5,856 1,446 1,062 -3,678    
Total Cash From Investing CZK mil ... ... ... ... ... ... ...                 -976 -1,241 -1,509 -653 -365    
Total Cash From Financing CZK mil ... ... ... ... ... ... ...                 -167 -166 -165 -159 -153    
Net Change In Cash CZK mil ... ... ... ... ... ... ...                 264 4,449 -228 250 -4,196    
income statement Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                            
Sales CZK mil ... ... ... ... ... ... ...                 20,073 19,724 19,410 18,896 19,274    
Cost of Goods & Services CZK mil ... ... ... ... ... ... ...                 5,519 5,585 5,610 5,696 6,150    
Gross Profit CZK mil ... ... ... ... ... ... ...                 14,554 14,139 13,800 13,200 13,124    
Staff Cost CZK mil ... ... ... ... ... ... ...                 12,741 12,425 12,232 11,831 11,886    
Other Cost CZK mil ... ... ... ... ... ... ...                 491 487 294 268 117    
EBITDA CZK mil ... ... ... ... ... ... ...                 1,322 1,227 1,274 1,101 1,121    
Depreciation CZK mil ... ... ... ... ... ... ...                 956 976 1,008 908 844    
EBIT CZK mil ... ... ... ... ... ... ...                 366 251 266 193 277    
Financing Cost CZK mil ... ... ... ... ... ... ...                 -53.0 -55.0 -39.0 -48.0 -24.0    
Extraordinary Cost CZK mil ... ... ... ... ... ... ...                 0 0 0 0 -1.00    
Pre-Tax Profit CZK mil ... ... ... ... ... ... ...                 419 306 305 241 302    
Tax CZK mil ... ... ... ... ... ... ...                 81.0 45.0 55.0 34.0 61.0    
Minorities CZK mil ... ... ... ... ... ... ...                 0 0 0 0 0    
Net Profit CZK mil ... ... ... ... ... ... ...                 338 261 250 207 241    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0   ...
growth rates                                            
Total Revenue Growth % ... ... ... ... ... ... ... ...               0.050 -1.74 -1.59 -2.65 2.00    
Operating Cost Growth % ... ... ... ... ... ... ... ...               -3.85 -2.42 -2.99 -3.41 -0.793    
EBITDA Growth % ... ... ... ... ... ... ... ...               32.5 -7.19 3.83 -13.6 1.82    
EBIT Growth % ... ... ... ... ... ... ... ...               84.8 -31.4 5.98 -27.4 43.5    
Pre-Tax Profit Growth % ... ... ... ... ... ... ... ...               59.3 -27.0 -0.327 -21.0 25.3    
Net Profit Growth % ... ... ... ... ... ... ... ...               57.9 -22.8 -4.21 -17.2 16.4    
ratios                                            
ROE % ... ... ... ... ... ... ...                 3.35 2.55 2.42 1.99 2.31    
ROCE % ... ... ... ... ... ... ... ...               5.63 7.34 23.6 41.0 10.2    
Gross Margin % ... ... ... ... ... ... ...                 72.5 71.7 71.1 69.9 68.1    
EBITDA Margin % ... ... ... ... ... ... ...                 6.59 6.22 6.56 5.83 5.82    
EBIT Margin % ... ... ... ... ... ... ...                 1.82 1.27 1.37 1.02 1.44    
Net Margin % ... ... ... ... ... ... ...                 1.68 1.32 1.29 1.10 1.25    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0   ...
Cost of Financing % ... ... ... ... ... ... ... ...               -156 -175 -45.3 -47.5 -40.0    
Net Debt/EBITDA ... ... ... ... ... ... ...                 -6.52 -10.7 -9.99 -11.9 -7.91    
balance sheet Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                            
Non-Current Assets CZK mil ... ... ... ... ... ... ...                 10,027 10,572 11,022 10,248 9,950    
Property, Plant & Equipment CZK mil ... ... ... ... ... ... ...                 8,910 9,315 9,852 9,492 9,299    
Intangible Assets CZK mil ... ... ... ... ... ... ...                 516 617 539 458 335    
Current Assets CZK mil ... ... ... ... ... ... ...                 11,620 16,101 1,546 15,755 12,434    
Inventories CZK mil ... ... ... ... ... ... ...                 212 253 234 224 317    
Receivables CZK mil ... ... ... ... ... ... ...                 2,758 2,749 1,409 1,266 1,234    
Cash & Cash Equivalents CZK mil ... ... ... ... ... ... ...                 8,650 13,099 12,871 13,121 8,925    
Total Assets CZK mil ... ... ... ... ... ... ...                 21,775 26,766 26,679 26,096 22,517    
Shareholders' Equity CZK mil ... ... ... ... ... ... ...                 10,159 10,281 10,365 10,402 10,492    
Of Which Minority Interest CZK mil ... ... ... ... ... ... ...                 0 0 0 0 0    
Liabilities CZK mil ... ... ... ... ... ... ...                 11,616 16,485 16,314 15,694 12,025    
Non-Current Liabilities CZK mil ... ... ... ... ... ... ...                 225 272 378 382 326    
Long-Term Debt CZK mil ... ... ... ... ... ... ...                 0 0 51.0 26.0 23.0    
Deferred Tax Liabilities CZK mil ... ... ... ... ... ... ...                 0 0 327 356 303    
Current Liabilities CZK mil ... ... ... ... ... ... ...                 9,682 14,831 14,766 14,376 10,520    
Short-Term Debt CZK mil ... ... ... ... ... ... ...                 32.0 31.0 90.0 35.0 36.0    
Trade Payables CZK mil ... ... ... ... ... ... ...                 7,277 12,182 11,938 11,456 7,058    
Provisions CZK mil ... ... ... ... ... ... ...                 935 782 537 357 627    
Equity And Liabilities CZK mil ... ... ... ... ... ... ...                 21,775 26,766 26,679 26,096 22,517    
growth rates                                            
Total Asset Growth % ... ... ... ... ... ... ... ...               2.19 22.9 -0.325 -2.19 -13.7    
Shareholders' Equity Growth % ... ... ... ... ... ... ... ...               1.49 1.20 0.817 0.357 0.865    
Net Debt Growth % ... ... ... ... ... ... ... ...               3.21 51.6 -2.59 2.59 -32.1    
Total Debt Growth % ... ... ... ... ... ... ... ...               -11.1 -3.13 355 -56.7 -3.28    
ratios                                            
Total Debt CZK mil ... ... ... ... ... ... ...                 32.0 31.0 141 61.0 59.0    
Net Debt CZK mil ... ... ... ... ... ... ...                 -8,618 -13,068 -12,730 -13,060 -8,866    
Working Capital CZK mil ... ... ... ... ... ... ...                 -4,307 -9,180 -10,295 -9,966 -5,507    
Capital Employed CZK mil ... ... ... ... ... ... ...                 5,720 1,392 727 282 4,443    
Net Debt/Equity % ... ... ... ... ... ... ...                 -84.8 -127 -123 -126 -84.5    
Cost of Financing % ... ... ... ... ... ... ... ...               -156 -175 -45.3 -47.5 -40.0    
cash flow Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                                            
Net Profit CZK mil ... ... ... ... ... ... ...                 338 261 250 207 241    
Depreciation CZK mil ... ... ... ... ... ... ...                 956 976 1,008 908 844    
Non-Cash Items CZK mil ... ... ... ... ... ... ... ...               -238 -254 -927 276 -304    
Change in Working Capital CZK mil ... ... ... ... ... ... ... ...               351 4,873 1,115 -329 -4,459    
Total Cash From Operations CZK mil ... ... ... ... ... ... ...                 1,407 5,856 1,446 1,062 -3,678    
Capital Expenditures CZK mil ... ... ... ... ... ... ...                 -976 -1,241 -1,520 -1,097 -375    
Other Investments CZK mil ... ... ... ... ... ... ...                 0 0 11.0 444 10.0    
Total Cash From Investing CZK mil ... ... ... ... ... ... ...                 -976 -1,241 -1,509 -653 -365    
Dividends Paid CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issuance Of Debt CZK mil ... ... ... ... ... ... ... ...               -4.00 -1.00 110 -80.0 -2.00    
Total Cash From Financing CZK mil ... ... ... ... ... ... ...                 -167 -166 -165 -159 -153    
Net Change In Cash CZK mil ... ... ... ... ... ... ...                 264 4,449 -228 250 -4,196    
ratios                                            
Days Sales Outstanding days ... ... ... ... ... ... ...                 50.2 50.9 26.5 24.5 23.4    
Days Sales Of Inventory days ... ... ... ... ... ... ...                 14.0 16.5 15.2 14.4 18.8    
Days Payable Outstanding days ... ... ... ... ... ... ...                 481 796 777 734 419    
Cash Conversion Cycle days ... ... ... ... ... ... ...                 -417 -729 -735 -695 -377    
Cash Earnings CZK mil ... ... ... ... ... ... ...                 1,294 1,237 1,258 1,115 1,085    
Free Cash Flow CZK mil ... ... ... ... ... ... ...                 431 4,615 -63.0 409 -4,043    
other data Unit 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                            
ROA % ... ... ... ... ... ... ...                 1.57 1.08 0.936 0.784 0.992    
Gross Margin % ... ... ... ... ... ... ...                 72.5 71.7 71.1 69.9 68.1    
Employees                               27,936 28,546 31,512 30,418 30,194    
Cost Per Employee USD per month ... ... ... ... ... ... ...                 2,149 1,854 1,653 1,517 1,374    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ... ... ...                 38,007 36,272 32,348 32,412 32,805    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ...                 64.7 63.8 63.9 63.3 62.6    
Effective Tax Rate % ... ... ... ... ... ... ...                 19.3 14.7 18.0 14.1 20.2    
Capital Expenditures (As % of Sales) % ... ... ... ... ... ... ...                 4.86 6.29 7.83 5.81 1.95    

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CesPosta's Net Debt/EBITDA rose 15.6% to -4.81 in 2017

By Helgi Analytics - November 05, 2019

Ceska Posta's net debt reached CZK -4,423 mil and accounted for -43.7% of equity at the end of 2017. The ratio is up 24% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of -43.7% in 2017 and an all time low...

CesPosta's ROCE fell 60.9% to 1.06% in 2017

By Helgi Analytics - November 05, 2019

Ceska Posta made a net profit of CZK 98.0 mil in 2017, down 45.3% when compared to the previous year. Historically, company's net profit reached an all time high of CZK 752 mil in 2008 and an all time low of CZK 98.0 mil in 2017. This implies return on equity of ...

CesPosta's Cash & Cash Equivalents fell 17.2% to CZK 5,284 mil in 2017

By Helgi Analytics - November 05, 2019

Ceska Posta's total assets reached CZK 20,222 mil at the end of 2017, up 8.14% when compared to the previous year. Current assets amounted to CZK 10,397 mil, or 51.4% of total assets while cash reached CZK 5,284 mil at the end of 2017. On the other hand, total debt reached...

CesPosta's Capital Expenditures rose 5.96% to CZK 889 mil in 2017

By Helgi Analytics - November 05, 2019

Ceska Posta invested total of CZK 889 mil in 2017, up 5.96% when compared to the previous year. Historically, company's investments reached an all time high of CZK 1,520 mil in 2013 and an all time low of CZK 375 mil in 2015. When compared to total sale...

CesPosta's Total Cash From Operations rose 70.1% to CZK -499 mil in 2017

By Helgi Analytics - November 05, 2019

Ceska Posta's operating cash flow reached CZK -499 mil in 2017, up 70.1% when compared to the previous year. Historically, the firm’s operating cash flow reached an all time high of CZK 5,856 mil in 2012 and an all time low of CZK -3,678 mil in 2015. Ceska P...

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Česká pošta (Czech Post) is the state-owned postal company of the Czech Republic. Having its roots in the Austria's Habsburg Monarchy, the state-owned enterprise Czechoslovak Post has been set up in the early 1925 following the formation of the Czechoslovak state. In 1993 (as the Czechoslovakia split), the Czech Post became a state-owned enterprise with independent financing managed by the Ministry Of Internal Affairs. Nowadays, Česká pošta offers a wide range of postal services through a network of over 3,000 branches employing more than 32,000 persons.