Kostelecke Uzeniny

Kostelecke's net profit rose 4.65% to CZK 79.7 mil in 2017

By Helgi Analytics - November 05, 2019

Kostelecke Uzeniny made a net profit of CZK 79.7 mil in 2017, up 4.65% when compared to the last year. Total sales reached CZK 5,456...

Kostelecke's employees fell 3.80% to 1,368 in 2017

By Helgi Analytics - November 05, 2019

Kostelecke Uzeniny employed 1,368 persons in 2017, down 3.80% when compared to the previous year. Historically, the firm's workforce...

Kostelecke's ROCE fell 9.80% to 5.49% in 2017

By Helgi Analytics - November 05, 2019

Kostelecke Uzeniny made a net profit of CZK 79.7 mil in 2017, up 4.65% when compared to the previous year. Historically, company's n...

Profit Statement 2015 2016 2017
Sales CZK mil 4,995 5,018 5,456
Gross Profit CZK mil 817 797 867
EBITDA CZK mil 176 202 213
EBIT CZK mil 78.4 97.1 112
Financing Cost CZK mil 26.7 20.7 14.4
Pre-Tax Profit CZK mil 51.7 76.5 97.4
Net Profit CZK mil 51.7 76.2 79.7
Dividends CZK mil 0 0 ...
Balance Sheet 2015 2016 2017
Total Assets CZK mil 1,972 1,996 2,202
Non-Current Assets CZK mil 1,157 1,171 1,198
Current Assets CZK mil 811 820 1,000
Working Capital CZK mil 50.0 124 410
Shareholders' Equity CZK mil 254 332 411
Liabilities CZK mil 1,717 1,665 1,790
Total Debt CZK mil 832 733 301
Net Debt CZK mil 770 720 207
Ratios 2015 2016 2017
ROE % 22.6 26.0 21.5
ROCE % 4.04 6.09 5.49
Gross Margin % 16.4 15.9 15.9
EBITDA Margin % 3.53 4.03 3.91
EBIT Margin % 1.57 1.94 2.05
Net Margin % 1.04 1.52 1.46
Net Debt/EBITDA 4.37 3.56 0.969
Net Debt/Equity % 303 217 50.2
Cost of Financing % 2.97 2.64 2.78
Cash Flow 2015 2016 2017
Total Cash From Operations CZK mil 205 148 -44.4
Total Cash From Investing CZK mil -49.6 -93.5 -123
Total Cash From Financing CZK mil -128 -107 249
Net Change In Cash CZK mil 27.7 -52.8 81.6
Cash Conversion Cycle days -2.20 2.68 24.3
Cash Earnings CZK mil 150 181 181
Free Cash Flow CZK mil 156 54.2 -167

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Sales CZK mil                       4,738 4,938 5,509 5,114 4,995    
Gross Profit CZK mil                       599 624 729 771 817    
EBIT CZK mil                       -313 -75.0 -39.2 66.0 78.4    
Net Profit CZK mil                       -327 -102 -76.7 33.6 51.7    
ROE %                       -64.4 -34.8 -37.3 18.1 22.6    
EBIT Margin %                       -6.61 -1.52 -0.712 1.29 1.57    
Net Margin %                       -6.90 -2.07 -1.39 0.657 1.04    
Employees                       1,591 1,426 1,719 1,535 1,525    
balance sheet                                    
Total Assets CZK mil                       1,885 2,244 2,205 2,030 1,972    
Non-Current Assets CZK mil                       1,150 1,130 1,285 1,196 1,157    
Current Assets CZK mil                       735 1,110 918 832 811    
Shareholders' Equity CZK mil                       344 242 169 203 254    
Liabilities CZK mil                       1,541 2,002 2,036 1,828 1,717    
Non-Current Liabilities CZK mil                       2.00 0 0.792 0.808 0    
Current Liabilities CZK mil                       590 734 825 839 860    
Net Debt/EBITDA                       -5.16 -102 16.4 6.03 4.37    
Net Debt/Equity %                       270 505 697 458 303    
Cost of Financing % ...                     4.07 2.49 3.10 3.02 2.97    
cash flow                                    
Total Cash From Operations CZK mil                       4.00 51.0 79.9 267 205    
Total Cash From Investing CZK mil                       -230 -342 -32.0 -15.6 -49.6    
Total Cash From Financing CZK mil                       125 213 -104 -104 -128    
Net Change In Cash CZK mil                       -101 -78.0 -56.1 148 27.7    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                    
Sales CZK mil                       4,738 4,938 5,509 5,114 4,995    
Cost of Goods & Services CZK mil                       4,139 4,314 4,780 4,343 4,177    
Gross Profit CZK mil                       599 624 729 771 817    
Staff Cost CZK mil                       566 548 644 562 612    
Other Cost CZK mil                       213 88.0 12.8 54.7 29.6    
EBITDA CZK mil                       -180 -12.0 71.7 154 176    
Depreciation CZK mil                       133 63.0 111 87.9 97.8    
EBIT CZK mil                       -313 -75.0 -39.2 66.0 78.4    
Financing Cost CZK mil                       39.0 27.0 37.4 32.4 26.7    
Extraordinary Cost CZK mil                       -1.00 0 0 0 0    
Pre-Tax Profit CZK mil                       -351 -102 -76.7 33.6 51.7    
Tax CZK mil                       -24.0 0 0 0 0    
Minorities CZK mil                       0 0 0 0 0    
Net Profit CZK mil                       -327 -102 -76.7 33.6 51.7    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0   ...
growth rates                                    
Total Revenue Growth % ...                     -10.7 4.22 11.6 -7.16 -2.34    
Operating Cost Growth % ...                     9.26 -18.4 3.29 -6.05 3.89    
EBITDA Growth % ...                     -245 -93.3 -698 115 14.5    
EBIT Growth % ...                     1,987 -76.0 -47.7 -268 18.7    
Pre-Tax Profit Growth % ...                     516 -70.9 -24.8 -144 53.8    
Net Profit Growth % ...                     698 -68.8 -24.8 -144 53.8    
ratios                                    
ROE %                       -64.4 -34.8 -37.3 18.1 22.6    
ROCE % ...                     -21.1 -7.59 -5.33 2.34 4.04    
Gross Margin %                       12.6 12.6 13.2 15.1 16.4    
EBITDA Margin %                       -3.80 -0.243 1.30 3.01 3.53    
EBIT Margin %                       -6.61 -1.52 -0.712 1.29 1.57    
Net Margin %                       -6.90 -2.07 -1.39 0.657 1.04    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0   ...
Cost of Financing % ...                     4.07 2.49 3.10 3.02 2.97    
Net Debt/EBITDA                       -5.16 -102 16.4 6.03 4.37    
balance sheet Unit 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                       1,150 1,130 1,285 1,196 1,157    
Property, Plant & Equipment CZK mil                       1,145 1,124 1,272 1,183 1,145    
Intangible Assets CZK mil                       4.00 6.00 10.3 10.5 10.0    
Current Assets CZK mil                       735 1,110 918 832 811    
Inventories CZK mil                       219 203 245 240 238    
Receivables CZK mil                       437 605 603 519 460    
Cash & Cash Equivalents CZK mil                       6.00 7.00 5.83 37.5 62.2    
Total Assets CZK mil                       1,885 2,244 2,205 2,030 1,972    
Shareholders' Equity CZK mil                       344 242 169 203 254    
Of Which Minority Interest CZK mil                       0 0 0 0 0    
Liabilities CZK mil                       1,541 2,002 2,036 1,828 1,717    
Non-Current Liabilities CZK mil                       2.00 0 0.792 0.808 0    
Long-Term Debt CZK mil                       209 254 0.792 0.808 0    
Deferred Tax Liabilities CZK mil                       0 0 0 0 0    
Current Liabilities CZK mil                       590 734 825 839 860    
Short-Term Debt CZK mil                       726 976 1,184 964 832    
Trade Payables CZK mil                       471 587 608 602 647    
Provisions CZK mil                       12.0 22.0 30.6 28.4 25.0    
Equity And Liabilities CZK mil                       1,885 2,244 2,205 2,030 1,972    
growth rates                                    
Total Asset Growth % ...                     -18.1 19.0 -1.76 -7.90 -2.88    
Shareholders' Equity Growth % ...                     -48.7 -29.7 -30.1 19.9 25.5    
Net Debt Growth % ...                     -4.82 31.6 -3.59 -21.3 -17.0    
Total Debt Growth % ...                     -4.69 31.6 -3.66 -18.6 -13.8    
ratios                                    
Total Debt CZK mil                       935 1,230 1,185 965 832    
Net Debt CZK mil                       929 1,223 1,179 928 770    
Working Capital CZK mil                       185 221 240 157 50.0    
Capital Employed CZK mil                       1,335 1,351 1,524 1,353 1,207    
Net Debt/Equity %                       270 505 697 458 303    
Cost of Financing % ...                     4.07 2.49 3.10 3.02 2.97    
cash flow Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                                    
Net Profit CZK mil                       -327 -102 -76.7 33.6 51.7    
Depreciation CZK mil                       133 63.0 111 87.9 97.8    
Non-Cash Items CZK mil ...                     129 126 64.5 62.6 -51.3    
Change in Working Capital CZK mil ...                     69.0 -36.0 -18.9 82.8 107    
Total Cash From Operations CZK mil                       4.00 51.0 79.9 267 205    
Capital Expenditures CZK mil                       -199 -67.0 -37.3 -20.5 -59.9    
Other Investments CZK mil                       -31.0 -275 5.38 4.88 10.3    
Total Cash From Investing CZK mil                       -230 -342 -32.0 -15.6 -49.6    
Dividends Paid CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issuance Of Debt CZK mil ...                     -46.0 295 -45.1 -220 -133    
Total Cash From Financing CZK mil                       125 213 -104 -104 -128    
Net Change In Cash CZK mil                       -101 -78.0 -56.1 148 27.7    
ratios                                    
Days Sales Outstanding days                       33.7 44.7 39.9 37.0 33.6    
Days Sales Of Inventory days                       19.3 17.2 18.7 20.2 20.8    
Days Payable Outstanding days                       41.5 49.7 46.4 50.6 56.6    
Cash Conversion Cycle days                       11.4 12.2 12.2 6.63 -2.20    
Cash Earnings CZK mil                       -194 -39.0 34.3 121 150    
Free Cash Flow CZK mil                       -226 -291 47.9 251 156    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                    
ROA %                       -15.6 -4.94 -3.45 1.59 2.58    
Gross Margin %                       12.6 12.6 13.2 15.1 16.4    
Employees                       1,591 1,426 1,719 1,535 1,525    
Cost Per Employee USD per month                       1,676 1,637 1,596 1,429 1,400    
Cost Per Employee (Local Currency) CZK per month                       29,646 32,024 31,225 30,537 33,421    
Staff Cost (As % Of Total Cost) %                       11.2 10.9 11.6 11.1 12.4    
Effective Tax Rate %                       6.84 0 0 0 0    
Domestic Sales CZK mil ... ... ...                 3,665 3,619 4,145 4,475 4,417    
Capital Expenditures (As % of Sales) %                       4.20 1.36 0.678 0.401 1.20    
Revenues From Abroad CZK mil ... ... ...                 503 688 641 642 579    
Revenues From Abroad (As % Of Total) % ... ... ...                 10.6 13.9 11.6 12.6 11.6    
Sales from Meat CZK mil                       4,167 4,307 4,786 4,786 4,766    

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Kostelecke's Cash & Cash Equivalents rose 595% to CZK 94.3 mil in 2017

By Helgi Analytics - November 05, 2019

Kostelecke Uzeniny's total assets reached CZK 2,202 mil at the end of 2017, up 8.14% when compared to the previous year. Current assets amounted to CZK 1,000 mil, or 45.4% of total assets while cash reached CZK 94.3 mil at the end of 2017. On the other hand, total debt rea...

Kostelecke's Capital Expenditures rose 23.4% to CZK 126 mil in 2017

By Helgi Analytics - November 05, 2019

Kostelecke Uzeniny invested total of CZK 126 mil in 2017, up 23.4% when compared to the previous year. Historically, company's investments reached an all time high of CZK 412 mil in 2004 and an all time low of CZK 20.0 mil in 2009. When compared to tota...

Kostelecke's Net Margin fell 3.75% to 1.46% in 2017

By Helgi Analytics - November 05, 2019

Kostelecke Uzeniny made a net profit of CZK CZK 79.7 mil under revenues of CZK 5,456 mil in 2017, up 4.65% and 8.74%, respectively, when compared to the last year. This translates into a net margin of 1.46%. Historically, the firm’s net margin reached an all time...

Kostelecke's Net Debt/EBITDA fell 72.7% to 0.969 in 2017

By Helgi Analytics - November 05, 2019

Kostelecke Uzeniny's net debt reached CZK 207 mil and accounted for 50.2% of equity at the end of 2017. The ratio is down 76.9% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 697% in 2013 and an all tim...

Kostelecke's Total Cash From Operations fell 130% to CZK -44.4 mil in 2017

By Helgi Analytics - November 05, 2019

Kostelecke Uzeniny's operating cash flow reached CZK -44.4 mil in 2017, down 130% when compared to the previous year. Historically, the firm’s operating cash flow reached an all time high of CZK 397 mil in 2003 and an all time low of CZK -592 mil in 2002. Ko...

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Kostelecké uzeniny, a.s. is the largest processor of meat and meat products in the Czech Republic. The Company produces various types of processed meat in the fresh or smoked forms, sausages, ham, etc. mainly from pork, beef and chicken meat. The Company was established in 1917 in Kostelec (a small town in the south of the Czech Republic) and today it operates mainly on the Czech and Slovak markets. Company's products are sold under two different brands, "Kostelecké uzeniny" and "Maso Planá". Agrofert entered the Company in 2003 and now it fully controls