By Helgi Analytics - April 2, 2020
Laufen Czech Republic's total assets reached CZK 2,286 mil at the end of 2015, up 0.224% compared to the previous year. ...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | 2,066 | 2,464 | 2,794 | |
| Gross Profit | CZK mil | 452 | 474 | 454 |
| EBITDA | 122 | 103 | 17.6 | |
| EBIT | 6.78 | 1.02 | -81.0 | |
| Financing Cost | CZK mil | -32.7 | -6.98 | 3.74 |
| Pre-Tax Profit | CZK mil | 39.6 | 8.01 | -84.7 |
| Net Profit | CZK mil | 30.3 | 6.09 | -70.3 |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | CZK mil | 2,122 | 2,281 | 2,286 |
| Non-Current Assets | CZK mil | 792 | 878 | 1,000 |
| Current Assets | CZK mil | 1,330 | 1,400 | 1,285 |
| Working Capital | CZK mil | 485 | 383 | 387 |
| Shareholders' Equity | CZK mil | 1,654 | 1,680 | 1,590 |
| Liabilities | CZK mil | 468 | 601 | 696 |
| Total Debt | CZK mil | 30.4 | 9.53 | 17.4 |
| Net Debt | CZK mil | -186 | -32.8 | -12.7 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 1.85 | 0.366 | -4.30 |
| ROCE | % | 2.36 | 0.480 | -5.31 |
| Gross Margin | % | 21.9 | 19.2 | 16.3 |
| EBITDA Margin | % | 5.92 | 4.19 | 0.629 |
| EBIT Margin | % | 0.328 | 0.042 | -2.90 |
| Net Margin | % | 1.46 | 0.247 | -2.52 |
| Net Debt/EBITDA | -1.52 | -0.318 | -0.722 | |
| Net Debt/Equity | -0.112 | -0.020 | -0.008 | |
| Cost of Financing | % | -215 | -35.0 | 27.8 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Total Cash From Operations | CZK mil | ... | ... | ... |
| Total Cash From Investing | CZK mil | ... | ... | ... |
| Total Cash From Financing | CZK mil | ... | ... | ... |
| Net Change In Cash | CZK mil | ... | ... | ... |
| Cash Conversion Cycle | days | 89.5 | 56.7 | 48.6 |
| Cash Earnings | CZK mil | 146 | 108 | 28.2 |
| Free Cash Flow | CZK mil | ... | ... | ... |
Get all company financials in excel:
| summary | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Sales | 1,576 | 1,537 | 1,745 | 1,912 | 2,066 | |||||||||
| Gross Profit | CZK mil | 447 | 406 | 522 | 520 | 452 | ||||||||
| EBIT | 48.0 | 33.8 | 110 | 69.0 | 6.78 | |||||||||
| Net Profit | CZK mil | 26.4 | 21.9 | 101 | 59.9 | 30.3 | ||||||||
| ROE | % | 1.85 | 1.51 | 6.68 | 3.76 | 1.85 | ||||||||
| EBIT Margin | % | 3.05 | 2.20 | 6.29 | 3.61 | 0.328 | ||||||||
| Net Margin | % | 1.67 | 1.43 | 5.79 | 3.13 | 1.46 | ||||||||
| Employees | ... | ... | 624 | 601 | 625 | 681 | 708 | |||||||
| balance sheet | ||||||||||||||
| Total Assets | CZK mil | 1,753 | 1,859 | 2,003 | 2,007 | 2,122 | ||||||||
| Non-Current Assets | CZK mil | 1,060 | 995 | 978 | 884 | 792 | ||||||||
| Current Assets | CZK mil | 692 | 865 | 1,024 | 1,122 | 1,330 | ||||||||
| Shareholders' Equity | CZK mil | 1,441 | 1,463 | 1,564 | 1,624 | 1,654 | ||||||||
| Liabilities | CZK mil | 312 | 396 | 439 | 383 | 468 | ||||||||
| Non-Current Liabilities | CZK mil | 41.1 | 42.4 | 42.5 | 36.2 | 31.5 | ||||||||
| Current Liabilities | CZK mil | 270 | 347 | 368 | 334 | 426 | ||||||||
| Net Debt/EBITDA | -0.247 | -0.649 | -0.954 | -0.829 | -1.52 | |||||||||
| Net Debt/Equity | -0.032 | -0.074 | -0.143 | -0.101 | -0.112 | |||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | -215 | |||||||
| cash flow | ||||||||||||||
| Total Cash From Operations | CZK mil | ... | 137 | 273 | 223 | ... | ... | ... | ... | |||||
| Total Cash From Investing | CZK mil | ... | -131 | -211 | -107 | ... | ... | ... | ... | |||||
| Total Cash From Financing | CZK mil | ... | 0 | 0 | 0 | ... | ... | ... | ... | |||||
| Net Change In Cash | CZK mil | ... | 5.41 | 62.6 | 116 | ... | ... | ... | ... |
| income statement | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Sales | 1,576 | 1,537 | 1,745 | 1,912 | 2,066 | |||||||||
| Cost of Goods & Services | CZK mil | 1,129 | 1,131 | 1,222 | 1,392 | 1,614 | ||||||||
| Gross Profit | CZK mil | 447 | 406 | 522 | 520 | 452 | ||||||||
| Staff Cost | CZK mil | 310 | 290 | 307 | 341 | 339 | ||||||||
| Other Cost | CZK mil | -48.2 | -51.5 | -19.0 | -18.1 | -9.74 | ||||||||
| EBITDA | 185 | 167 | 235 | 198 | 122 | |||||||||
| Depreciation | CZK mil | 137 | 133 | 125 | 129 | 116 | ||||||||
| EBIT | 48.0 | 33.8 | 110 | 69.0 | 6.78 | |||||||||
| Financing Cost | CZK mil | 13.7 | 4.30 | -18.4 | -1.52 | -32.7 | ||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | -0.200 | ||||||||
| Pre-Tax Profit | CZK mil | 34.3 | 29.5 | 128 | 70.5 | 39.6 | ||||||||
| Tax | CZK mil | 7.95 | 7.56 | 27.2 | 10.6 | 9.38 | ||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Net Profit | CZK mil | 26.4 | 21.9 | 101 | 59.9 | 30.3 | ||||||||
| growth rates | ||||||||||||||
| Total Revenue Growth | % | ... | -24.5 | -2.44 | 13.5 | 9.59 | 8.04 | |||||||
| Operating Cost Growth | % | ... | -3.45 | -8.83 | 20.5 | 12.0 | 2.15 | |||||||
| EBITDA Growth | % | ... | -43.3 | -9.86 | 40.7 | -15.6 | -38.2 | |||||||
| EBIT Growth | % | ... | -72.7 | -29.6 | 225 | -37.2 | -90.2 | |||||||
| Pre-Tax Profit Growth | % | ... | -80.3 | -14.1 | 335 | -45.0 | -43.7 | |||||||
| Net Profit Growth | % | ... | -79.9 | -16.8 | 361 | -40.7 | -49.5 | |||||||
| ratios | ||||||||||||||
| ROE | % | 1.85 | 1.51 | 6.68 | 3.76 | 1.85 | ||||||||
| ROCE | % | ... | 1.85 | 1.66 | 8.07 | 4.72 | 2.36 | |||||||
| Gross Margin | % | 28.4 | 26.4 | 29.9 | 27.2 | 21.9 | ||||||||
| EBITDA Margin | % | 11.7 | 10.8 | 13.4 | 10.3 | 5.92 | ||||||||
| EBIT Margin | % | 3.05 | 2.20 | 6.29 | 3.61 | 0.328 | ||||||||
| Net Margin | % | 1.67 | 1.43 | 5.79 | 3.13 | 1.46 | ||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | -215 | |||||||
| Net Debt/EBITDA | -0.247 | -0.649 | -0.954 | -0.829 | -1.52 |
| balance sheet | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | ||||||||||||||
| Non-Current Assets | CZK mil | 1,060 | 995 | 978 | 884 | 792 | ||||||||
| Property, Plant & Equipment | CZK mil | 1,006 | 919 | 888 | 804 | 721 | ||||||||
| Intangible Assets | CZK mil | 50.9 | 71.9 | 85.9 | 76.6 | 68.3 | ||||||||
| Current Assets | CZK mil | 692 | 865 | 1,024 | 1,122 | 1,330 | ||||||||
| Inventories | CZK mil | 318 | 297 | 307 | 386 | 415 | ||||||||
| Receivables | CZK mil | 179 | 187 | 218 | 286 | 410 | ||||||||
| Cash & Cash Equivalents | CZK mil | 45.6 | 108 | 224 | 164 | 217 | ||||||||
| Total Assets | CZK mil | 1,753 | 1,859 | 2,003 | 2,007 | 2,122 | ||||||||
| Shareholders' Equity | CZK mil | 1,441 | 1,463 | 1,564 | 1,624 | 1,654 | ||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Liabilities | CZK mil | 312 | 396 | 439 | 383 | 468 | ||||||||
| Non-Current Liabilities | CZK mil | 41.1 | 42.4 | 42.5 | 36.2 | 31.5 | ||||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Deferred Tax Liabilities | CZK mil | 41.1 | 42.4 | 42.5 | 36.2 | 31.5 | ||||||||
| Current Liabilities | CZK mil | 270 | 347 | 368 | 334 | 426 | ||||||||
| Short-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 30.4 | ||||||||
| Trade Payables | CZK mil | 167 | 220 | 258 | 265 | 340 | ||||||||
| Provisions | CZK mil | 0.780 | 7.02 | 22.6 | 4.82 | 5.80 | ||||||||
| Equity And Liabilities | CZK mil | 1,753 | 1,859 | 2,003 | 2,007 | 2,122 | ||||||||
| growth rates | ||||||||||||||
| Total Asset Growth | % | ... | -6.05 | 6.05 | 7.73 | 0.191 | 5.75 | |||||||
| Shareholders' Equity Growth | % | ... | 1.86 | 1.52 | 6.91 | 3.83 | 1.86 | |||||||
| Net Debt Growth | % | ... | 13.4 | 137 | 107 | -26.7 | 13.5 | |||||||
| Total Debt Growth | % | ... | ... | ... | ... | ... | ... | |||||||
| ratios | ||||||||||||||
| Total Debt | CZK mil | 0 | 0 | 0 | 0 | 30.4 | ||||||||
| Net Debt | CZK mil | -45.6 | -108 | -224 | -164 | -186 | ||||||||
| Working Capital | CZK mil | 331 | 264 | 267 | 407 | 485 | ||||||||
| Capital Employed | CZK mil | 1,391 | 1,258 | 1,245 | 1,291 | 1,278 | ||||||||
| Net Debt/Equity | -0.032 | -0.074 | -0.143 | -0.101 | -0.112 | |||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | -215 |
| cash flow | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | ||||||||||||||
| Net Profit | CZK mil | 26.4 | 21.9 | 101 | 59.9 | 30.3 | ||||||||
| Depreciation | CZK mil | 137 | 133 | 125 | 129 | 116 | ||||||||
| Non-Cash Items | CZK mil | ... | 6.05 | 51.7 | 0.340 | ... | ... | ... | ... | |||||
| Change in Working Capital | CZK mil | ... | -32.6 | 66.9 | -3.11 | ... | ... | ... | ... | |||||
| Total Cash From Operations | CZK mil | ... | 137 | 273 | 223 | ... | ... | ... | ... | |||||
| Capital Expenditures | CZK mil | ... | -35.1 | -70.0 | -116 | ... | ... | ... | ... | |||||
| Other Investments | CZK mil | ... | -96.3 | -141 | 8.21 | ... | ... | ... | ... | |||||
| Total Cash From Investing | CZK mil | ... | -131 | -211 | -107 | ... | ... | ... | ... | |||||
| Issuance Of Debt | CZK mil | ... | 0 | 0 | 0 | ... | ... | ... | ... | |||||
| Total Cash From Financing | CZK mil | ... | 0 | 0 | 0 | ... | ... | ... | ... | |||||
| Net Change In Cash | CZK mil | ... | 5.41 | 62.6 | 116 | ... | ... | ... | ... | |||||
| ratios | ||||||||||||||
| Days Sales Outstanding | days | 41.5 | 44.5 | 45.6 | 54.5 | 72.5 | ||||||||
| Days Sales Of Inventory | days | 103 | 95.7 | 91.7 | 101 | 93.9 | ||||||||
| Days Payable Outstanding | days | 54.0 | 71.1 | 77.1 | 69.5 | 77.0 | ||||||||
| Cash Conversion Cycle | days | 90.5 | 69.2 | 60.2 | 86.3 | 89.5 | ||||||||
| Cash Earnings | CZK mil | 163 | 155 | 226 | 189 | 146 | ||||||||
| Free Cash Flow | CZK mil | ... | 5.41 | 62.6 | 116 | ... | ... | ... | ... |
| other data | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | ||||||||||||||
| ROA | % | 1.46 | 1.21 | 5.23 | 2.99 | 1.47 | ||||||||
| Gross Margin | % | 28.4 | 26.4 | 29.9 | 27.2 | 21.9 | ||||||||
| Employees | ... | ... | 624 | 601 | 625 | 681 | 708 | |||||||
| Cost Per Employee | USD per month | ... | ... | 2,173 | 2,107 | 2,313 | 2,131 | 2,040 | ||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | 41,418 | 40,265 | 40,906 | 41,678 | 39,917 | ||||||
| Staff Cost (As % Of Total Cost) | % | 20.3 | 19.3 | 18.8 | 18.5 | 16.5 | ||||||||
| Effective Tax Rate | % | 23.2 | 25.6 | 21.2 | 15.0 | 23.7 | ||||||||
| Domestic Sales | CZK mil | ... | ... | 662 | 545 | 549 | 502 | 481 | ||||||
| Capital Expenditures (As % of Sales) | % | ... | 2.23 | 4.55 | 6.63 | ... | ... | ... | ... | |||||
| Revenues From Abroad | CZK mil | ... | ... | 978 | 994 | 1,199 | 1,378 | 1,587 | ||||||
| Revenues From Abroad (As % Of Total) | % | ... | ... | 62.1 | 64.7 | 68.7 | 72.1 | 76.8 |
Get all company financials in excel:
Laufen CZ is a Czech Republic-based subsidiary of Swiss company Laufen. The Company manufactures, distributes, and markets a wide portfolio of sanitary ware, bathtubs, furniture and accessories. Laufen has been operating in the Czech Republic since 1991 when it privatised ceramics factories in Bechyne, southern Bohemia and Znojmo, southern Moravia. In 1999, Laufen was taken over by Spanish company Roca. Besides its own production of sanitary ceramics in both plants, Laufen CZ is also a distributor of Laufen and Jika brands in Central Europe and of Roca brand in the Czech Republic and Slovak Republic. The Swiss company was founded in Switzerland in 1892
Laufen Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 36.2% a year during that time to total of 17.6 in 2015, or 0.629% of sales. That’s compared to 6.91% average margin seen in last five years.
The company netted CZK -70.3 mil in 2015 implying ROE of -4.30% and ROCE of -5.31%. Again, the average figures were 1.67% and 2.06%, respectively when looking at the previous 5 years.
Laufen Czech Republic’s net debt amounted to CZK -12.7 mil at the end of 2015, or -0.008 of equity. When compared to EBITDA, net debt was -0.722x, up when compared to average of -0.869x seen in the last 5 years.
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