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Mitas

Manufacturing > Czech Republic > Mitas
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Mitas

MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three production plants in the Czech Republic, one in Serbia and one in the

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MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three production plants in the Czech Republic, one in Serbia and one in the USA, and maintains a global sales and distribution network. The Company was founded in 1933 as a subsidiary of France's Michelin

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summary Unit
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

income statement

Sales CZK mil
Gross Profit CZK mil
EBIT CZK mil
Net Profit CZK mil
ROE %
EBIT Margin %
Net Margin %
Employees
          5,670 7,374 9,906 ... 8,922    
          1,703 1,659 1,731 ... 2,516    
          395 290 289 ... 1,163    
          164 83.0 182 ... 893    
          6.36% 3.05% 6.79% ... 20.5%    
          6.97% 3.93% 2.92% ... 13.0%    
          2.89% 1.13% 1.84% ... 10.0%    
... ...       2,177 2,243 2,476 ... 2,433    

balance sheet

          5,656 5,871 6,482 ... 7,029    
          2,667 2,669 2,736 ... 3,646    
          2,923 3,182 3,734 ... 3,357    
          2,644 2,793 2,567 ... 4,359    
          3,012 3,078 3,915 ... 2,670    
          115 108 102 ... 80.7    
          1,119 1,637 2,057 ... 1,640    
          1.73 2.10 3.16 ... 0.359    
          0.567 0.541 0.738 ... 0.117    
...         12.9% 13.5% 5.83% ... ...    

cash flow

... ... ... ...   2,588 95.9 373 ... 875    
... ... ... ...   -330 60.8 -144 ... -868    
... ... ... ...   -2,230 -155 -225 ... 0.000    
... ... ... ...   28.6 1.91 3.36 ... 7.00    

Download Data
income statement Unit
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

income statement

Sales CZK mil
Cost of Goods & Services CZK mil
Gross Profit CZK mil
Staff Cost CZK mil
Other Cost CZK mil
EBITDA CZK mil
Depreciation CZK mil
EBIT CZK mil
Financing Cost CZK mil
Extraordinary Cost CZK mil
Pre-Tax Profit CZK mil
Tax CZK mil
Minorities CZK mil
Net Profit CZK mil
Dividends CZK mil
          5,670 7,374 9,906 ... 8,922    
          3,967 5,715 8,175 ... 6,406    
          1,703 1,659 1,731 ... 2,516    
          853 942 1,088 ... 1,074    
          -18.0 -1.00 44.0 ... 21.6    
          868 718 599 ... 1,421    
          473 428 310 ... 257    
          395 290 289 ... 1,163    
          230 205 100 ... 68.8    
          0.000 1.00 -1.00 ... 0.000    
          165 84.0 190 ... 1,095    
          0.000 1.00 8.00 ... 202    
          0.000 0.000 0.000 ... 0.000    
          164 83.0 182 ... 893    
... ... ...     155 ... ... ... 300   ...

growth rates

...         -24.0% 30.1% 34.3% ... ...    
...         -7.63% 12.7% 20.3% ... ...    
...         15.9% -17.3% -16.6% ... ...    
...         32.6% -26.6% -0.345% ... ...    
...         -13.2% -49.1% 126% ... ...    
...         -20.8% -49.4% 119% ... ...    

ratios

          6.36% 3.05% 6.79% ... 20.5%    
...         4.26% 2.20% 4.45% ... ...    
          30.0% 22.5% 17.5% ... 28.2%    
          15.3% 9.74% 6.05% ... 15.9%    
          6.97% 3.93% 2.92% ... 13.0%    
          2.89% 1.13% 1.84% ... 10.0%    
... ... ...     94.5% ... ... ... 33.6%   ...
...         12.9% 13.5% 5.83% ... ...    
          1.73 2.10 3.16 ... 0.359    

Download Data
balance sheet Unit
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

balance sheet

          2,667 2,669 2,736 ... 3,646    
          2,400 2,214 2,034 ... 2,606    
          88.5 7.33 12.3 ... 3.29    
          2,923 3,182 3,734 ... 3,357    
          803 785 930 ... 1,028    
          1,125 1,552 2,099 ... 1,620    
          9.91 13.3 15.2 ... 12.4    
          5,656 5,871 6,482 ... 7,029    
          2,644 2,793 2,567 ... 4,359    
          0.000 0.000 0.000 ... 0.000    
          3,012 3,078 3,915 ... 2,670    
          115 108 102 ... 80.7    
          0.000 0.000 0.000 ... 0.000    
          115 108 102 ... 80.7    
          1,119 1,637 2,057 ... 1,640    
          1,509 1,524 1,910 ... 522    
          843 1,201 1,384 ... 1,215    
          14.7 11.0 17.2 ... 369    
          5,656 5,871 6,482 ... 7,029    

growth rates

...         -11.5% 3.81% 10.4% ... ...    
...         5.17% 5.63% -8.07% ... ...    
...         -24.3% 0.791% 25.4% ... ...    
...         -26.9% 1.01% 25.3% ... ...    

ratios

          1,509 1,524 1,910 ... 522    
          1,499 1,511 1,894 ... 510    
          1,086 1,137 1,644 ... 1,434    
          3,752 3,806 4,380 ... 5,079    
          0.567 0.541 0.738 ... 0.117    
...         12.9% 13.5% 5.83% ... ...    

Download Data
cash flow Unit
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

cash flow

          164 83.0 182 ... 893    
          473 428 310 ... 257    
... ... ... ... ... 1,961 -364 388 ... ...    
... ... ... ... ... -9.38 -51.2 -508 ... ...    
... ... ... ...   2,588 95.9 373 ... 875    
... ... ... ...   -269 -349 -376 ... -945    
... ... ... ...   -60.8 410 232 ... 76.9    
... ... ... ...   -330 60.8 -144 ... -868    
... ... ... ...   -155 ... ... ... -300   ...
... ... ... ... ... -556 15.2 386 ... ...    
... ... ... ...   -2,230 -155 -225 ... 0.000    
... ... ... ...   28.6 1.91 3.36 ... 7.00    

ratios

          72.4 76.8 77.3 ... 66.3    
          73.9 50.1 41.5 ... 58.6    
          77.5 76.7 61.8 ... 69.2    
          68.8 50.3 57.0 ... 55.6    
          637 511 492 ... 1,150    
... ... ... ...   2,259 157 228 ... 7.00    

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other data Unit
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

other data

          2.72% 1.44% 2.95% ... 12.7%    
          30.0% 22.5% 17.5% ... 28.2%    
... ...       2,177 2,243 2,476 ... 2,433    
... ...       1,713 1,831 2,070 ... 1,880    
... ...       32,652 34,998 36,618 ... 36,786    
          16.2% 13.3% 11.3% ... 13.8%    
          0.000% 1.19% 4.21% ... 18.4%    
... ...       634 989 1,228 ... 975    
... ... ... ...   4.74% 4.73% 3.80% ... 10.6%    
... ...       5,125 6,351 8,564 ... 8,060    
... ...       90.4% 86.1% 86.5% ... 90.3%    

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Mitas at a Glance

March 13, 2014
Mitas at a Glance

MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three

Read more »

MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three production plants in the Czech Republic, one in Serbia and one in the USA, and maintains a global sales and distribution network. The Company was founded in 1933 as a subsidiary of France's Michelin.

This report offers a summary of the company's performance in 2004-2012. You will find here all the key numbers from the company's balance sheet, income statement and cash flow on the annual, in the local currency as well as in USD

Mitas in Numbers

March 7, 2014
Mitas in Numbers

MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three

Read more »

MITAS a.s is a Czech Republic-based producer of agricultural tyres. Mitas manufactures and sells tyres under three brand names: the company’s own Mitas and Cultor, and Continental under licence. In addition, the Company produces and distributes a wide range of Mitas-branded industrial and motorcycle tyres. Mitas is a member of ČGS Holding and operates three production plants in the Czech Republic, one in Serbia and one in the USA, and maintains a global sales and distribution network. The Company was founded in 1933 as a subsidiary of France's Michelin.

This excel file offers a summary of the company's performance in 2004-2012. You will find here all the key numbers from the company's balance sheet, income statement and cash flow on the annual, in the local currency as well as in USD

Mitas invested total of CZK 264 mil in 2015, down 17.7% when compared to the previous year. Historically, company's investments reached an all time high of CZK 945 mil in 2013 and an all time low of CZK 259 mil in 2008.

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Mitas invested total of CZK 264 mil in 2015, down 17.7% when compared to the previous year. Historically, company's investments reached an all time high of CZK 945 mil in 2013 and an all time low of CZK 259 mil in 2008.

When compared to total sales, investments reached 3.31% in 2015, down from 3.66% seen in the previous year. This is compared to 5.22% seen on average in the last five years.

As far as Mitas's peers are concerned, Automotive Lighting invested CZK 523 mil, or 3.28% of its sales in 2015. and The comparable figures for CZK 977 mil and 4.22% at Bosch Diesel Czech Republic are CZK 977 mil and 4.22% respectively on 2015 numbers.

You can see all the company’s data at Mitas Profile, or you can download a report on the company in the report section.

Mitas - Indebtedness

March 19, 2018

Mitas's net debt reached CZK -0.225 mil and accounted for

Historically, the firm’s net debt to equity reached an all time high

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Mitas's net debt reached CZK -0.225 mil and accounted for < -0.001 of equity at the end of 2015. The ratio is up 81.6% when compared to the previous year.

Historically, the firm’s net debt to equity reached an all time high of 0.993 in 2004 and an all time low of < -0.001 in 2014.

When compared to EBITDA, net debt amounted to < -0.001x at the end of the year. The ratio reached an all time high of 4.53 in 2004 and an all time low of < -0.001 in 2014.

As far as Mitas's peers are concerned, Automotive Lighting posted net debt to equity of -0.005x and -0.009x when compared to EBITDA at the end of 2015. Continental Automotive Czech Republic ended the year 2015 with a net debt at 2.20x of equity and 3.58x when compared to its EBITDA while Continental Automotive Czech Republic had net debt at 2.20x of equity and 3.58x to EBITDA at the end of the year.

You can see all the company’s data at Mitas Profile, or you can download a report on the company in the report section.

Mitas's total assets reached CZK 7,606 mil at the end of 2015, up 8.14% when compared to the previous year.

Current assets amounted to CZK 3,545 mil, or 46.6% of total assets while cash reached CZK 13.3 mil at the end of 2015.

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Mitas's total assets reached CZK 7,606 mil at the end of 2015, up 8.14% when compared to the previous year.

Current assets amounted to CZK 3,545 mil, or 46.6% of total assets while cash reached CZK 13.3 mil at the end of 2015.

On the other hand, total debt reached CZK 13.1 mil at the year-end, or 46.6% of total assets while firm's equity amounted to CZK 5,964 mil. As a result, net debt reached CZK -0.225 mil at the end of 2015 and accounted for -0.004% of equity.

You can see all the company’s data at Mitas Profile, or you can download a report on the company in the report section.

Mitas made a net profit of CZK 953 mil under revenues of CZK 7,975 mil in 2015, down -14.0% and -9.13%, respectively, when compared to the last year. This translates into a net margin of 11.9%.

Historically, the firm’s

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Mitas made a net profit of CZK 953 mil under revenues of CZK 7,975 mil in 2015, down -14.0% and -9.13%, respectively, when compared to the last year. This translates into a net margin of 11.9%.

Historically, the firm’s net profit reached an all time high of CZK 1,108 mil in 2014 and an all time low of CZK -91.0 mil in 2006. Since 2010, the firm's net profit has increased 1048% or 62.9% a year on average.

On the operating level, EBITDA reached CZK 1,501 mil, up -11.8% when compared to the previous year. Over the last five years, company's EBITDA has grown 15.9% a year on average.

As far as Mitas's peers are concerned, Automotive Lighting posted net and EBITDA margin of 9.57% and 12.9%, respectively in 2015, Continental Automotive Czech Republic generated margins of 1.43% and 12.9% and Bosch Diesel Czech Republic's profit margin reached 2.57% on the net and 7.30% on the EBITDA level in 2015.

You can see all the company’s data at Mitas Profile, or you can download a report on the company in the report section.

See all charts of the company »
Mitas's net profit fell 14.0% to CZK 953 mil in 2015
Mitas's net profit fell 14.0% to CZK 953 mil in 2015
Mitas's employees fell 2.59% to 2,369 in 2015
Mitas's Net Debt/EBITDA rose 76.6% to < -0.001 in 2015
Mitas's ROCE fell 17.2% to 17.5% in 2015
Mitas's Net Margin fell 5.37% to 11.9% in 2015
Mitas's Capital Expenditures fell 17.7% to CZK 264 mil in 2015
Mitas's Cash & Cash Equivalents rose 28.3% to CZK 13.3 mil in 2015