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Electro World

Electro World's employees rose 29.3% yoy to 892 in 2021

By Helgi Library - May 21, 2023

Electro World employed 892 employees in 2021, up 29.3% compared to the previous year. Historically, between 2006 and 20...

Electro World's net profit fell 79.0% yoy to CZK 10.9 mil in 2021

By Helgi Library - May 21, 2023

Electro World made a net profit of CZK 10.9 mil with revenues of CZK 5,089 mil in 2021, down by 79% and up by 26.7%, ...

Electro World's net profit fell 79.0% yoy to CZK 10.9 mil in 2021

By Helgi Library - May 21, 2023

Electro World made a net profit of CZK 10.9 mil with revenues of CZK 5,089 mil in 2021, down by 79% and up by 26.7%, ...

Profit Statement 2019 2020 2021
Sales CZK mil 4,346 4,016 5,089
Gross Profit CZK mil 455 294 447
EBITDA CZK mil 114 78.7 52.4
EBIT CZK mil 90.8 68.2 30.8
Financing Cost CZK mil 13.9 0 0.818
Pre-Tax Profit CZK mil 77.2 51.8 10.9
Net Profit CZK mil 77.2 51.8 10.9
Balance Sheet 2019 2020 2021
Total Assets CZK mil 882 741 971
Non-Current Assets CZK mil 57.9 56.8 92.8
Current Assets CZK mil 812 671 868
Working Capital CZK mil 114 147 160
Shareholders' Equity CZK mil 195 137 79.3
Liabilities CZK mil 687 604 892
Total Debt CZK mil 0.018 6.41 27.1
Net Debt CZK mil -215 -43.4 -6.66
Ratios 2019 2020 2021
ROE % 49.3 31.2 10.1
ROCE % 43.6 27.6 4.77
Gross Margin % 10.5 7.32 8.79
EBITDA Margin % 2.63 1.96 1.03
EBIT Margin % 2.09 1.70 0.605
Net Margin % 1.78 1.29 0.214
Net Debt/EBITDA -1.88 -0.551 -0.127
Net Debt/Equity % -110 -31.7 -8.39
Cost of Financing % ... 0 4.88
Cash Flow 2019 2020 2021
Total Cash From Operations CZK mil 192 -45.8 98.4
Total Cash From Investing CZK mil -20.0 -9.04 -52.4
Total Cash From Financing CZK mil 0 -110 -76.8
Net Change In Cash CZK mil 172 -165 -30.8
Cash Conversion Cycle days 9.64 13.5 11.6
Cash Earnings CZK mil 101 62.3 32.5
Free Cash Flow CZK mil 172 -54.9 46.0

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overview Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                
Sales CZK mil ... ...               2,836 3,245 3,190 3,922 4,346    
Gross Profit CZK mil ... ...               84.9 199 271 364 455    
EBIT CZK mil ... ...               -165 -75.8 14.2 42.6 90.8    
Net Profit CZK mil ... ...               -188 -92.3 6.18 32.8 77.2    
                                   
ROE % ... ... ...             723 450 7.54 32.3 49.3    
EBIT Margin % ... ...               -5.81 -2.33 0.446 1.09 2.09    
Net Margin % ... ...               -6.63 -2.84 0.194 0.836 1.78    
Employees                   674 665 632 682 709    
balance sheet                                
Total Assets CZK mil ... ...               915 775 672 644 882    
Non-Current Assets CZK mil ... ...               81.6 68.9 65.5 59.9 57.9    
Current Assets CZK mil ... ...               816 690 595 570 812    
                                   
Shareholders' Equity CZK mil ... ...               -120 78.9 85.1 118 195    
Liabilities CZK mil ... ...               1,035 696 587 526 687    
Non-Current Liabilities CZK mil ... ...               0.018 0.018 0.018 0.018 0.018    
Current Liabilities CZK mil ... ...               1,028 680 577 507 659    
                                   
Net Debt/EBITDA ... ...               -3.05 -4.17 -1.21 -0.668 -1.88    
Net Debt/Equity % ... ...               -312 261 -52.2 -36.4 -110    
Cost of Financing % ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
cash flow                                
Total Cash From Operations CZK mil ... ...               -231 -103 270 12.0 192    
Total Cash From Investing CZK mil ... ...               -15.0 -20.0 -18.6 -15.2 -20.0    
Total Cash From Financing CZK mil ... ...               72.1 35.5 99.2 0 0    
Net Change In Cash CZK mil ... ...               -31.8 -21.8 251 -1.47 172    
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
income statement                                
Sales CZK mil ... ...               2,836 3,245 3,190 3,922 4,346    
Cost of Goods & Services CZK mil ... ...               2,751 3,046 2,919 3,557 3,891    
Gross Profit CZK mil ... ...               84.9 199 271 364 455    
Staff Cost CZK mil ... ...               239 265 269 307 353    
Other Operating Cost (Income) CZK mil ... ...               -196 -92.6 -20.2 35.5 78.5    
EBITDA CZK mil ... ...               -122 -49.4 36.7 64.3 114    
Depreciation CZK mil ... ...               42.2 26.4 22.5 21.7 23.5    
EBIT CZK mil ... ...               -165 -75.8 14.2 42.6 90.8    
Net Financing Cost CZK mil ... ...               18.3 13.5 8.04 9.81 13.6    
Financing Cost CZK mil ... ... ... ... ... ... ... ... ... ... ... ... 11.9 13.9    
Financing Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... 1.76 0.119    
Extraordinary Cost CZK mil ... ...               0 0 0 0 0    
Pre-Tax Profit CZK mil ... ...               -183 -89.3 6.18 32.8 77.2    
Tax CZK mil ... ...               5.00 3.00 0 0 0    
Minorities CZK mil ... ...               0 0 0 0 0    
Net Profit CZK mil ... ...               -188 -92.3 6.18 32.8 77.2    
Net Profit Avail. to Common CZK mil ... ...               -188 -92.3 6.18 32.8 77.2    
growth rates                                
Total Revenue Growth % ... ... ...             -17.4 14.4 -1.68 22.9 10.8    
Staff Cost Growth % ... ... ...             -4.15 11.0 1.43 14.2 15.0    
EBITDA Growth % ... ... ...             7.47 -59.6 -174 75.1 77.7    
EBIT Growth % ... ... ...             9.40 -54.0 -119 200 113    
Pre-Tax Profit Growth % ... ... ...             5.17 -51.2 -107 430 136    
Net Profit Growth % ... ... ...             8.19 -50.9 -107 430 136    
ratios                                
ROE % ... ... ...             723 450 7.54 32.3 49.3    
ROA % ... ... ...             -21.9 -10.9 0.854 4.98 10.1    
ROCE % ... ... ...             -68.6 -26.9 2.53 21.4 43.6    
Gross Margin % ... ...               2.99 6.12 8.50 9.29 10.5    
EBITDA Margin % ... ...               -4.32 -1.52 1.15 1.64 2.63    
EBIT Margin % ... ...               -5.81 -2.33 0.446 1.09 2.09    
Net Margin % ... ...               -6.63 -2.84 0.194 0.836 1.78    
Cost of Financing % ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Net Debt/EBITDA ... ...               -3.05 -4.17 -1.21 -0.668 -1.88    
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
balance sheet                                
Cash & Cash Equivalents CZK mil ... ...               32.4 46.1 44.4 43.0 215    
Receivables CZK mil ... ...               171 152 89.2 91.2 110    
Inventories CZK mil ... ...               612 493 462 436 487    
Current Assets CZK mil ... ...               816 690 595 570 812    
Property, Plant & Equipment CZK mil ... ...               57.0 43.4 44.0 44.6 49.5    
LT Investments & Receivables CZK mil ... ...               0 0 0 0 0    
Intangible Assets CZK mil ... ...               24.6 25.6 21.5 15.3 8.39    
Goodwill CZK mil ... ...               0 0 0 0 0    
Non-Current Assets CZK mil ... ...               81.6 68.9 65.5 59.9 57.9    
Total Assets CZK mil ... ...               915 775 672 644 882    
                                   
Trade Payables CZK mil ... ...               545 349 492 406 483    
Short-Term Debt CZK mil ... ...               406 252 0 0 0    
Other ST Liabilities CZK mil ... ...               76.9 79.0 84.6 101 176    
Current Liabilities CZK mil ... ...               1,028 680 577 507 659    
Long-Term Debt CZK mil ... ...               0.018 0.018 0.018 0.018 0.018    
Other LT Liabilities CZK mil ... ...               0 0 0 0 0    
Non-Current Liabilities CZK mil ... ...               0.018 0.018 0.018 0.018 0.018    
Liabilities CZK mil ... ...               1,035 696 587 526 687    
Equity Before Minority Interest CZK mil ... ...               -120 78.9 85.1 118 195    
Minority Interest CZK mil ... ...               0 0 0 0 0    
Equity CZK mil ... ...               -120 78.9 85.1 118 195    
growth rates                                
Total Asset Growth % ... ... ...             13.7 -15.3 -13.3 -4.19 37.0    
Shareholders' Equity Growth % ... ... ...             -277 -166 7.83 38.5 65.5    
Net Debt Growth % ... ... ...             102 -44.9 -122 -3.32 400    
Total Debt Growth % ... ... ...             63.2 -38.0 -100.0 0 0    
ratios                                
Total Debt CZK mil ... ...               406 252 0.018 0.018 0.018    
Net Debt CZK mil ... ...               374 206 -44.4 -43.0 -215    
Working Capital CZK mil ... ...               239 296 58.8 122 114    
Capital Employed CZK mil ... ...               320 364 124 182 172    
Net Debt/Equity % ... ...               -312 261 -52.2 -36.4 -110    
Current Ratio ... ...               0.794 1.02 1.03 1.13 1.23    
Quick Ratio ... ...               0.198 0.291 0.232 0.265 0.493    
cash flow Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
cash flow                                
Net Profit CZK mil ... ...               -188 -92.3 6.18 32.8 77.2    
Depreciation CZK mil ... ...               42.2 26.4 22.5 21.7 23.5    
Non-Cash Items CZK mil ... ... ...             20.0 19.6 4.42 20.4 83.5    
Change in Working Capital CZK mil ... ... ...             -105 -56.9 237 -62.9 7.42    
Total Cash From Operations CZK mil ... ...               -231 -103 270 12.0 192    
                                   
Capital Expenditures CZK mil ... ...               -15.0 -20.3 -18.6 -15.2 -20.2    
Other Investing Activities CZK mil ... ...               0 0.248 0.012 0.049 0.236    
Total Cash From Investing CZK mil ... ...               -15.0 -20.0 -18.6 -15.2 -20.0    
                                   
Dividends Paid CZK mil ... ... ... ... ... ... ... ... ... 0 0 0 0 0    
Issuance Of Shares CZK mil ... ... ... ... ... ... ... ... ... ... 101 0 0 0    
Issuance Of Debt CZK mil ... ... ...             -157 -154 -252 0 0    
Total Cash From Financing CZK mil ... ...               72.1 35.5 99.2 0 0    
Net Change In Cash CZK mil ... ...               -31.8 -21.8 251 -1.47 172    
ratios                                
Days Sales Outstanding days ... ...               22.0 17.1 10.2 8.48 9.23    
Days Sales Of Inventory days ... ...               81.2 59.0 57.7 44.8 45.7    
Days Payable Outstanding days ... ...               72.3 41.8 61.5 41.6 45.3    
Cash Conversion Cycle days ... ...               31.0 34.3 6.40 11.6 9.64    
Cash Earnings CZK mil ... ...               -146 -65.9 28.7 54.5 101    
Free Cash Flow CZK mil ... ...               -246 -123 251 -3.24 172    
Capital Expenditures (As % of Sales) % ... ...               0.529 0.625 0.584 0.389 0.465    
other ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                                 
Employees                   674 665 632 682 709    
Cost Per Employee USD per month ... ...               1,237 1,316 1,510 1,715 1,841    
Cost Per Employee (Local Currency) CZK per month ... ...               29,515 33,207 35,440 37,512 41,513    
Material & Energy (As % of Sales) % ... ... ...             81.4 80.5 79.9 80.4 80.0    
Services (As % of Sales) % ... ... ...             15.7 13.4 11.6 10.3 9.58    
Marketing Cost (As % of Sales) % ... ... ... ... ... ... ... ... ... ... 3.43 3.34 3.18 2.94    
Staff Cost (As % of Sales) % ... ...               8.42 8.17 8.42 7.83 8.13    
Effective Tax Rate % ... ...               -2.73 -3.36 0 0 0    
Total Revenue Growth (5-year average) % ... ... ... ... ... ... ...     -0.800 -1.35 -3.09 2.16 4.84    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... ... ... 0.456 3.05    

Get all company financials in excel:

Download Sample   $19.99

Electro World's Net Margin fell 83.4% yoy to 0.214% in 2021

By Helgi Library - May 21, 2023

Electro World made a net profit of CZK 10.9 mil with revenues of CZK 5,089 mil in 2021, down by 79.0% and up by 26.7%, respectively, compared to the previous year. This translates into a net margin of 0.214%. Historically, between 2008 and 2021, the...

Electro World's Cash & Cash Equivalents fell 32.1% yoy to CZK 33.8 mil in 2021

By Helgi Library - May 21, 2023

Electro World's total assets reached CZK 971 mil at the end of 2021, up 31.1% compared to the previous year. Current assets amounted to CZK 868 mil, or 89.4% of total assets while cash stood at CZK 33.8 mil at the end of 2021. ...

Electro World's Total Cash From Operations rose 315% yoy to CZK 98.4 mil in 2021

By Helgi Library - May 21, 2023

Electro World's operating cash flow stood at CZK 98.4 mil in 2021, up 315% when compared to the previous year. Historically, between 2008 - 2021, the firm’s operating cash flow reached a high of CZK 270 mil in 2017 and a low of CZK -251 mil in 2013...

Electro World's ROCE fell 82.7% yoy to 4.77% in 2021

By Helgi Library - May 21, 2023

Electro World made a net profit of CZK 10.9 mil in 2021, down 79% compared to the previous year. Historically, between 2008 and 2021, the company's net profit reached a high of CZK 159 mil in 2008 and a low of CZK -188 mil in 2015. The result implies a re...

Electro World's Net Debt/EBITDA rose 76.9% yoy to -0.127 in 2021

By Helgi Library - May 21, 2023

Electro World's net debt stood at CZK -6.66 mil and accounted for -8.39% of equity at the end of 2021. The ratio is up 23.3 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 272% in 2014 and a low of ...

Electro World's Capital Expenditures fell 486% yoy to CZK 53.4 mil in 2021

By Helgi Library - May 21, 2023

Electro World invested a total of CZK 53.4 mil in 2021, up 486% compared to the previous year. Historically, between 2008 - 2021, the company's investments stood at a high of CZK 92.2 mil in 2008 and a low of CZK 9.13 mil in 2020. As ...

More News

Electro World s r.o. is a Czech Republic-based retailer with consumer electronics. The Company operates 19 stores in the Czech Republic and 33 in Slovakia. The Company was incorporated in 2001 and is based in Prague, Czech Republic. Electro World s r.o. operates as a subsidiary of Dixons Retail plc.

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Finance

Electro World has been growing its sales by 9.42% a year on average in the last 5 years. EBITDA has grown by 206% during that time to total of CZK 52.4 mil in 2021, or 1.03% of sales. That’s compared to 1.68% average margin seen in last five years.

The company netted CZK 10.9 mil in 2021 implying ROE of 10.1% and ROCE of 4.77%. Again, the average figures were 26.1% and 20.0%, respectively when looking at the previous 5 years.

Electro World’s net debt amounted to CZK -6.66 mil at the end of 2021, or -8.39% of equity. When compared to EBITDA, net debt was -0.127x, up when compared to average of -0.887x seen in the last 5 years.