Mondi Steti

Mondi Steti's net profit rose 480% yoy to CZK 1,644 mil in 2019

By Helgi Analytics - December 4, 2020

Mondi Steti made a net profit of CZK 1,644 mil with revenues of CZK 11,511 mil in 2019, up by 480% and up by 10.2%, r...

Mondi Steti's employees fell 6.65% yoy to 730 in 2019

By Helgi Analytics - December 4, 2020

Mondi Steti employed 730 employees in 2019, down 6.65% compared to the previous year. Historically, between 2005 and 20...

Mondi Steti's Total Cash From Operations rose 25.5% yoy to CZK 2,819 mil in 2019

By Helgi Analytics - December 4, 2020

Mondi Steti's operating cash flow stood at CZK 2,819 mil in 2019, up 25.5% when compared to the previous year. Historica...

Profit Statement 2017 2018 2019
Sales CZK mil 9,790 10,446 11,511
Gross Profit CZK mil 2,664 3,390 4,074
EBITDA CZK mil 2,116 2,316 3,035
EBIT CZK mil 1,309 232 2,314
Financing Cost CZK mil 149 334 490
Pre-Tax Profit CZK mil 1,330 282 1,994
Net Profit CZK mil 1,102 283 1,644
Dividends CZK mil 0 0 ...
Balance Sheet 2017 2018 2019
Total Assets CZK mil 15,338 19,469 19,652
Non-Current Assets CZK mil 12,431 15,043 16,788
Current Assets CZK mil 2,848 4,378 2,808
Working Capital CZK mil 811 2,519 712
Shareholders' Equity CZK mil 5,442 5,726 7,368
Liabilities CZK mil 9,895 13,743 12,284
Total Debt CZK mil 6,359 10,537 8,914
Net Debt CZK mil 4,572 8,635 6,681
Ratios 2017 2018 2019
ROE % 22.5 5.08 25.1
ROCE % 9.46 1.84 9.38
Gross Margin % 27.2 32.5 35.4
EBITDA Margin % 21.6 22.2 26.4
EBIT Margin % 13.4 2.22 20.1
Net Margin % 11.3 2.71 14.3
Net Debt/EBITDA 2.16 3.73 2.20
Net Debt/Equity % 84.0 151 90.7
Cost of Financing % 2.70 3.96 5.03
Cash Flow 2017 2018 2019
Total Cash From Operations CZK mil 1,942 2,247 2,819
Total Cash From Investing CZK mil -3,609 -6,381 -1,176
Total Cash From Financing CZK mil 1,669 4,133 -1,642
Net Change In Cash CZK mil 1.62 -0.049 0.902
Cash Conversion Cycle days 21.2 79.4 8.75
Cash Earnings CZK mil 1,909 2,367 2,366
Free Cash Flow CZK mil -1,668 -4,134 1,643

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overview Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                  
Sales CZK mil ... ...                 9,068 9,458 9,443 9,283 9,790    
Gross Profit CZK mil ... ...                 1,927 2,158 2,047 2,113 2,664    
EBIT CZK mil ... ...                 980 1,232 1,037 912 1,309    
Net Profit CZK mil ... ...                 698 876 712 613 1,102    
                                     
ROE % ... ...                 21.3 28.0 21.1 15.2 22.5    
EBIT Margin % ... ...                 10.8 13.0 11.0 9.83 13.4    
Net Margin % ... ...                 7.70 9.27 7.54 6.60 11.3    
Employees ... ...                 567 562 589 628 731    
balance sheet                                  
Total Assets CZK mil                     8,426 10,090 11,305 11,613 15,338    
Non-Current Assets CZK mil                     5,991 7,735 8,686 8,871 12,431    
Current Assets CZK mil                     2,433 2,353 2,518 2,668 2,848    
                                     
Shareholders' Equity CZK mil                     3,218 3,033 3,727 4,340 5,442    
Liabilities CZK mil                     5,208 7,057 7,578 7,273 9,895    
Non-Current Liabilities CZK mil                     3,042 3,160 3,354 563 591    
Current Liabilities CZK mil                     2,087 3,809 4,128 6,580 9,111    
                                     
Net Debt/EBITDA ... ...                 1.23 1.53 1.92 1.79 2.16    
Net Debt/Equity %                     55.1 83.8 78.1 66.4 84.0    
Cost of Financing % ... ... ... ... ... ... ... ... ... ... ... ... ... 3.47 2.70    
cash flow                                  
Total Cash From Operations CZK mil ... ...                 1,345 1,477 1,022 1,200 1,942    
Total Cash From Investing CZK mil ... ...                 -1,166 -2,134 -1,316 -873 -3,609    
Total Cash From Financing CZK mil ... ...                 -178 658 295 -325 1,669    
Net Change In Cash CZK mil ... ...                 0.713 1.19 0.815 1.13 1.62    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                  
Sales CZK mil ... ...                 9,068 9,458 9,443 9,283 9,790    
Cost of Goods & Services CZK mil ... ...                 7,141 7,300 7,395 7,170 7,125    
Gross Profit CZK mil ... ...                 1,927 2,158 2,047 2,113 2,664    
Staff Cost CZK mil ... ...                 421 439 463 499 647    
Other Operating Cost (Income) CZK mil ... ...                 69.4 55.5 70.3 8.73 -98.4    
EBITDA CZK mil ... ...                 1,437 1,664 1,514 1,605 2,116    
Depreciation CZK mil ... ...                 457 431 477 693 807    
EBIT CZK mil ... ...                 980 1,232 1,037 912 1,309    
Net Financing Cost CZK mil ... ...                 116 150 157 150 -20.4    
Financing Cost CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... 163 149    
Extraordinary Cost CZK mil ... ...                 0 0 0 0 0    
Pre-Tax Profit CZK mil ... ...                 864 1,083 880 763 1,330    
Tax CZK mil ... ...                 166 206 169 150 227    
Net Profit CZK mil ... ...                 698 876 712 613 1,102    
Net Profit Avail. to Common CZK mil ... ...                 698 876 712 613 1,102    
Dividends CZK mil ... ...                 1,061 0 -0.226 -0.017 0   ...
growth rates                                  
Total Revenue Growth % ... ... ...               12.2 4.30 -0.163 -1.69 5.46    
Staff Cost Growth % ... ... ...               2.53 4.27 5.53 7.72 29.7    
EBITDA Growth % ... ... ...               -7.47 15.8 -8.99 6.03 31.8    
EBIT Growth % ... ... ...               -7.09 25.7 -15.8 -12.1 43.5    
Pre-Tax Profit Growth % ... ... ...               -14.5 25.3 -18.7 -13.4 74.3    
Net Profit Growth % ... ... ...               -14.5 25.5 -18.8 -13.9 79.8    
ratios                                  
ROE % ... ...                 21.3 28.0 21.1 15.2 22.5    
ROA % ... ...                 8.68 9.47 6.65 5.35 8.18    
ROCE % ... ...                 11.7 12.2 8.28 6.40 9.46    
Gross Margin % ... ...                 21.3 22.8 21.7 22.8 27.2    
EBITDA Margin % ... ...                 15.8 17.6 16.0 17.3 21.6    
EBIT Margin % ... ...                 10.8 13.0 11.0 9.83 13.4    
Net Margin % ... ...                 7.70 9.27 7.54 6.60 11.3    
Payout Ratio % ... ...                 152 0 -0.032 -0.003 0   ...
Cost of Financing % ... ... ... ... ... ... ... ... ... ... ... ... ... 3.47 2.70    
Net Debt/EBITDA ... ...                 1.23 1.53 1.92 1.79 2.16    
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                  
Cash & Cash Equivalents CZK mil                     11.8 13.0 13.8 14.9 16.6    
Receivables CZK mil                     1,219 1,022 977 1,435 1,461    
Inventories CZK mil                     797 1,104 1,237 1,218 1,370    
Other ST Assets CZK mil                     406 213 291 < -0.001 -0.200    
Current Assets CZK mil                     2,433 2,353 2,518 2,668 2,848    
Property, Plant & Equipment CZK mil                     5,101 5,823 6,768 6,896 10,492    
LT Investments & Receivables CZK mil                     821 1,810 1,792 1,792 1,771    
Intangible Assets CZK mil                     69.7 103 127 183 169    
Goodwill CZK mil                     0 0 0 0 0    
Non-Current Assets CZK mil                     5,991 7,735 8,686 8,871 12,431    
Total Assets CZK mil                     8,426 10,090 11,305 11,613 15,338    
                                     
Trade Payables CZK mil                     1,678 1,767 1,808 1,455 2,020    
Short-Term Debt CZK mil                     32.7 1,664 1,876 4,688 6,359    
Other ST Liabilities CZK mil                     376 377 443 437 731    
Current Liabilities CZK mil                     2,087 3,809 4,128 6,580 9,111    
Long-Term Debt CZK mil                     2,573 2,701 2,839 0 0    
Other LT Liabilities CZK mil                     469 460 515 563 591    
Non-Current Liabilities CZK mil                     3,042 3,160 3,354 563 591    
Liabilities CZK mil                     5,208 7,057 7,578 7,273 9,895    
Equity Before Minority Interest CZK mil                     3,218 3,033 3,727 4,340 5,442    
Minority Interest CZK mil                     0 0 0 0 0    
Equity CZK mil                     3,218 3,033 3,727 4,340 5,442    
growth rates                                  
Total Asset Growth % ...                   9.93 19.7 12.0 2.73 32.1    
Shareholders' Equity Growth % ...                   -3.53 -5.75 22.9 16.5 25.4    
Net Debt Growth % ...                   -3.94 43.4 14.5 -0.985 58.7    
Total Debt Growth % ...                   34.7 67.5 8.03 -0.584 35.7    
ratios                                  
Total Debt CZK mil                     2,605 4,365 4,715 4,688 6,359    
Net Debt CZK mil                     1,773 2,542 2,910 2,881 4,572    
Working Capital CZK mil                     338 359 406 1,198 811    
Capital Employed CZK mil                     6,329 8,094 9,092 10,069 13,243    
Net Debt/Equity %                     55.1 83.8 78.1 66.4 84.0    
Current Ratio                     1.17 0.618 0.610 0.405 0.313    
Quick Ratio                     0.590 0.272 0.240 0.220 0.162    
cash flow Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                                  
Net Profit CZK mil ... ...                 698 876 712 613 1,102    
Depreciation CZK mil ... ...                 457 431 477 693 807    
Non-Cash Items CZK mil ... ...                 234 191 -119 686 -354    
Change in Working Capital CZK mil ... ...                 -43.9 -21.5 -46.6 -792 387    
Total Cash From Operations CZK mil ... ...                 1,345 1,477 1,022 1,200 1,942    
                                     
Capital Expenditures CZK mil ... ...                 -1,221 -2,139 -1,316 -887 -3,610    
Other Investing Activities CZK mil ... ...                 54.6 4.78 0.002 13.9 0.299    
Total Cash From Investing CZK mil ... ...                 -1,166 -2,134 -1,316 -873 -3,609    
                                     
Dividends Paid CZK mil ... ... ...               -816 -1,061 0 0.226 0.017    
Issuance Of Shares CZK mil ... ...                 0 0 0 0 0    
Issuance Of Debt CZK mil ... ...                 671 1,760 351 -27.5 1,671    
Other Financing Activities CZK mil ... ... ...               1,134 2,094 1,261 576 3,607    
Total Cash From Financing CZK mil ... ...                 -178 658 295 -325 1,669    
Net Change In Cash CZK mil ... ...                 0.713 1.19 0.815 1.13 1.62    
ratios                                  
Days Sales Outstanding days ... ...                 49.1 39.5 37.8 56.4 54.5    
Days Sales Of Inventory days ... ...                 40.7 55.2 61.0 62.0 70.2    
Days Payable Outstanding days ... ...                 85.8 88.4 89.2 74.1 103    
Cash Conversion Cycle days ... ...                 4.02 6.30 9.58 44.4 21.2    
Cash Earnings CZK mil ... ...                 1,155 1,308 1,188 1,306 1,909    
Free Cash Flow CZK mil ... ...                 178 -657 -294 326 -1,668    
Capital Expenditures (As % of Sales) % ... ...                 13.5 22.6 13.9 9.56 36.9    
other ratios Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                   
Employees ... ...                 567 562 589 628 731    
Cost Per Employee USD per month ... ...                 3,160 3,044 2,744 2,623 3,142    
Cost Per Employee (Local Currency) CZK per month ... ...                 61,831 65,048 65,500 66,178 73,723    
Material & Energy (As % of Sales) % ... ... ... ... ... ... ... ... ... ... ... ... ... 54.6 53.2    
Services (As % of Sales) % ... ... ... ... ... ... ... ... ... ... ... ... ... 22.6 19.6    
Staff Cost (As % of Sales) % ... ...                 4.64 4.64 4.90 5.37 6.61    
Effective Tax Rate % ... ...                 19.2 19.0 19.2 19.6 17.1    
Total Revenue Growth (5-year average) % ... ... ... ... ... ... ...       5.72 9.02 2.56 0.305 3.91    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... ... ... 3.07 2.26 1.69    

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Mar 2014
Statistical Dossier
Mar 2014
Company Report

Mondi Steti's Net Margin rose 426% yoy to 14.3% in 2019

By Helgi Analytics - December 4, 2020

Mondi Steti made a net profit of CZK 1,644 mil with revenues of CZK 11,511 mil in 2019, up by 480% and up by 10.2%, respectively, compared to the previous year. This translates into a net margin of 14.3%. Historically, between 2005 and 2019, the fir...

Mondi Steti's Cash & Cash Equivalents rose 5.46% yoy to CZK 17.4 mil in 2019

By Helgi Analytics - December 4, 2020

Mondi Steti's total assets reached CZK 19,652 mil at the end of 2019, up 0.94% compared to the previous year. Current assets amounted to CZK 2,808 mil, or 14.3% of total assets while cash stood at CZK 17.4 mil at the end of 2019. ...

Mondi Steti's ROCE rose 410% yoy to 9.38% in 2019

By Helgi Analytics - December 4, 2020

Mondi Steti made a net profit of CZK 1,644 mil in 2019, up 480% compared to the previous year. Historically, between 2005 and 2019, the company's net profit reached a high of CZK 1,644 mil in 2019 and a low of CZK 237 mil in 2009. The result implies a ret...

Mondi Steti's Net Debt/EBITDA fell 41.0% yoy to 2.20 in 2019

By Helgi Analytics - December 4, 2020

Mondi Steti's net debt stood at CZK 6,681 mil and accounted for 90.7% of equity at the end of 2019. The ratio is down 60.1 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 151% in 2018 and a low of ...

Mondi Steti's Capital Expenditures rose 56.0% yoy to CZK 2,227 mil in 2019

By Helgi Analytics - December 4, 2020

Mondi Steti invested a total of CZK 2,227 mil in 2019, down 56% compared to the previous year. Historically, between 2005 - 2019, the company's investments stood at a high of CZK 5,061 mil in 2018 and a low of CZK 287 mil in 2011. As ...

More News

Mondi Štětí is a Czech Republic-based producer of paper packaging. The Company is based in town Štětí, is the largest paper packaging company in the Czech Republic and is a subsidiary of Mondi Group. The Company was founded in 1949 under name Sepap and privatised in 1990's. Mondi is an international packaging and paper Group, with production operations across 30 countries and revenues of EUR 5.8 bil in 2012. The Group's key operations are located in central Europe, Russia, the Americas and South Africa and as at the end of 2012, Mondi employed 25,700 people

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Finance

Mondi Steti has been growing its sales by 4.01% a year on average in the last 5 years. EBITDA has grown on average by 12.8% a year during that time to total of CZK 3,035 mil in 2019, or 26.4% of sales. That’s compared to 20.7% average margin seen in last five years.

The company netted CZK 1,644 mil in 2019 implying ROE of 25.1% and ROCE of 9.38%. Again, the average figures were 17.8% and 7.07%, respectively when looking at the previous 5 years.

Mondi Steti’s net debt amounted to CZK 6,681 mil at the end of 2019, or 90.7% of equity. When compared to EBITDA, net debt was 2.20x, down when compared to average of 2.36x seen in the last 5 years.