Sokolovska uhelna

Sokolovska uhelna's employees fell 7.42% to 3,570 in 2014

By Helgi Analytics - November 05, 2019

Sokolovska uhelna employed 3,570 persons in 2014, down 7.42% when compared to the previous year. Historically, the firm's workforce ...

Sokolovska uhelna's net profit fell 21.1% to CZK 633 mil in 2014

By Helgi Analytics - November 05, 2019

Sokolovska uhelna made a net profit of CZK 633 mil in 2014, down 21.1% when compared to the last year. Total sales reached CZK 6,771...

Sokolovska uhelna's Net Debt/EBITDA fell 26.7% to -6.31 in 2014

By Helgi Analytics - November 05, 2019

Sokolovska uhelna's net debt reached CZK -10,171 mil and accounted for -0.695 of equity at the end of 2014. The ratio is up 0.193% ...

Profit Statement 2012 2013 2014
Sales CZK mil 7,797 7,526 6,771
Gross Profit CZK mil 4,891 4,621 4,218
EBITDA CZK mil 2,114 1,988 1,611
EBIT CZK mil 1,071 910 694
Financing Cost CZK mil -81.1 -83.9 -88.6
Pre-Tax Profit CZK mil 1,152 994 783
Net Profit CZK mil 899 802 633
Dividends CZK mil 110 210 ...
Balance Sheet 2012 2013 2014
Total Assets CZK mil 19,596 19,228 19,865
Non-Current Assets CZK mil 9,760 7,958 8,424
Current Assets CZK mil 9,775 11,202 11,403
Working Capital CZK mil 1,131 700 565
Shareholders' Equity CZK mil 13,518 14,233 14,645
Liabilities CZK mil 6,078 4,995 5,220
Total Debt CZK mil 400 3.17 6.57
Net Debt CZK mil -8,025 -9,904 -10,171
Ratios 2012 2013 2014
ROE % 6.56 5.78 4.38
ROCE % 8.44 8.20 7.17
Gross Margin % 62.7 61.4 62.3
EBITDA Margin % 27.1 26.4 23.8
EBIT Margin % 13.7 12.1 10.3
Net Margin % 11.5 10.7 9.35
Net Debt/EBITDA -3.80 -4.98 -6.31
Net Debt/Equity -0.594 -0.696 -0.695
Cost of Financing % -13.5 -41.6 -1,819
Cash Flow 2012 2013 2014
Total Cash From Operations CZK mil 2,292 1,503 1,228
Total Cash From Investing CZK mil -1,041 -411 -1,010
Total Cash From Financing CZK mil -1,652 -489 -215
Net Change In Cash CZK mil -401 603 2.47
Cash Conversion Cycle days 60.7 32.4 23.6
Cash Earnings CZK mil 1,942 1,879 1,550
Free Cash Flow CZK mil 1,251 1,092 218

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summary Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
income statement                        
Sales CZK mil ... ...       11,401 9,676 8,603 8,107 7,797    
Gross Profit CZK mil ... ...       6,172 5,772 4,784 5,285 4,891    
EBIT CZK mil ... ...       2,778 2,297 1,919 1,448 1,071    
Net Profit CZK mil ... ...       2,268 1,935 1,585 1,172 899    
ROE % ... ...       24.5 17.4 12.8 8.77 6.56    
EBIT Margin % ... ...       24.4 23.7 22.3 17.9 13.7    
Net Margin % ... ...       19.9 20.0 18.4 14.5 11.5    
Employees           4,675 4,582 4,439 4,200 4,007    
balance sheet                        
Total Assets CZK mil ... ...       18,385 19,231 19,124 19,802 19,596    
Non-Current Assets CZK mil ... ...       9,734 9,522 9,566 9,651 9,760    
Current Assets CZK mil ... ...       8,598 8,657 9,607 10,116 9,775    
Shareholders' Equity CZK mil ... ...       10,282 11,997 12,866 13,870 13,518    
Liabilities CZK mil ... ...       8,103 7,234 6,258 5,932 6,078    
Non-Current Liabilities CZK mil ... ...       738 751 758 788 716    
Current Liabilities CZK mil ... ...       1,543 1,362 1,532 1,535 2,013    
Net Debt/EBITDA ... ...       -1.27 -1.89 -2.10 -3.16 -3.80    
Net Debt/Equity ... ...       -0.465 -0.525 -0.481 -0.565 -0.594    
Cost of Financing % ... ... ...     -3.35 -6.61 -3.88 -5.40 -13.5    
cash flow                        
Total Cash From Operations CZK mil ... ...       2,875 2,470 1,485 2,348 2,292    
Total Cash From Investing CZK mil ... ...       -750 -878 -817 -660 -1,041    
Total Cash From Financing CZK mil ... ...       -581 -632 -1,135 -575 -1,652    
Net Change In Cash CZK mil ... ...       1,544 960 -467 1,114 -401    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
income statement                        
Sales CZK mil ... ...       11,401 9,676 8,603 8,107 7,797    
Cost of Goods & Services CZK mil ... ...       5,230 3,904 3,819 2,822 2,906    
Gross Profit CZK mil ... ...       6,172 5,772 4,784 5,285 4,891    
Staff Cost CZK mil ... ...       2,327 2,448 2,387 2,282 2,196    
Other Cost CZK mil ... ...       75.3 -13.5 -559 524 581    
EBITDA CZK mil ... ...       3,769 3,337 2,957 2,479 2,114    
Depreciation CZK mil ... ...       991 1,040 1,037 1,032 1,043    
EBIT CZK mil ... ...       2,778 2,297 1,919 1,448 1,071    
Financing Cost CZK mil ... ...       -73.8 -119 -54.3 -54.0 -81.1    
Extraordinary Cost CZK mil ... ...       0 0 0 0 0    
Pre-Tax Profit CZK mil ... ...       2,852 2,416 1,974 1,502 1,152    
Tax CZK mil ... ...       585 481 388 330 253    
Minorities CZK mil ... ...       0 0 0 0 0    
Net Profit CZK mil ... ...       2,268 1,935 1,585 1,172 899    
Dividends CZK mil ...         200 700 220 1,220 110   ...
growth rates                        
Total Revenue Growth % ... ... ...     0.088 -15.1 -11.1 -5.76 -3.83    
Operating Cost Growth % ... ... ...     -6.61 1.35 -25.0 53.6 -1.03    
EBITDA Growth % ... ... ...     33.6 -11.5 -11.4 -16.1 -14.7    
EBIT Growth % ... ... ...     50.6 -17.3 -16.4 -24.6 -26.0    
Pre-Tax Profit Growth % ... ... ...     52.9 -15.3 -18.3 -23.9 -23.3    
Net Profit Growth % ... ... ...     43.0 -14.7 -18.1 -26.1 -23.3    
ratios                        
ROE % ... ...       24.5 17.4 12.8 8.77 6.56    
ROCE % ... ... ...     21.4 18.2 14.7 11.0 8.44    
Gross Margin % ... ...       54.1 59.7 55.6 65.2 62.7    
EBITDA Margin % ... ...       33.1 34.5 34.4 30.6 27.1    
EBIT Margin % ... ...       24.4 23.7 22.3 17.9 13.7    
Net Margin % ... ...       19.9 20.0 18.4 14.5 11.5    
Payout Ratio % ... ...       8.82 36.2 13.9 104 12.2   ...
Cost of Financing % ... ... ...     -3.35 -6.61 -3.88 -5.40 -13.5    
Net Debt/EBITDA ... ...       -1.27 -1.89 -2.10 -3.16 -3.80    
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
balance sheet                        
Non-Current Assets CZK mil ... ...       9,734 9,522 9,566 9,651 9,760    
Property, Plant & Equipment CZK mil ... ...       9,454 9,204 8,867 8,703 8,110    
Intangible Assets CZK mil ... ...       188 200 572 808 840    
Goodwill CZK mil ... ... ... ... ... ... ... ... ... ...    
Current Assets CZK mil ... ...       8,598 8,657 9,607 10,116 9,775    
Inventories CZK mil ... ...       454 459 371 442 409    
Receivables CZK mil ... ...       1,269 1,196 1,685 832 1,033    
Cash & Cash Equivalents CZK mil ... ...       6,784 7,903 7,394 8,639 8,425    
Total Assets CZK mil ... ...       18,385 19,231 19,124 19,802 19,596    
Shareholders' Equity CZK mil ... ...       10,282 11,997 12,866 13,870 13,518    
Of Which Minority Interest CZK mil ... ...       0 0 0 0 0    
Liabilities CZK mil ... ...       8,103 7,234 6,258 5,932 6,078    
Non-Current Liabilities CZK mil ... ...       738 751 758 788 716    
Long-Term Debt CZK mil ... ...       1,600 1,200 800 400 0    
Deferred Tax Liabilities CZK mil ... ...       731 749 757 781 706    
Current Liabilities CZK mil ... ...       1,543 1,362 1,532 1,535 2,013    
Short-Term Debt CZK mil ... ...       400 400 400 400 400    
Trade Payables CZK mil ... ...       779 588 688 512 311    
Provisions CZK mil ... ...       3,816 3,517 2,856 2,806 2,948    
Equity And Liabilities CZK mil ... ...       18,385 19,231 19,124 19,802 19,596    
growth rates                        
Total Asset Growth % ... ... ...     10.5 4.60 -0.557 3.55 -1.04    
Shareholders' Equity Growth % ... ... ...     25.3 16.7 7.24 7.81 -2.54    
Net Debt Growth % ... ... ...     73.1 31.7 -1.71 26.6 2.38    
Total Debt Growth % ... ... ...     -16.7 -20.0 -25.0 -33.3 -50.0    
ratios                        
Total Debt CZK mil ... ...       2,000 1,600 1,200 800 400    
Net Debt CZK mil ... ...       -4,784 -6,303 -6,194 -7,839 -8,025    
Working Capital CZK mil ... ...       944 1,068 1,368 762 1,131    
Capital Employed CZK mil ... ...       10,678 10,589 10,935 10,413 10,891    
Net Debt/Equity ... ...       -0.465 -0.525 -0.481 -0.565 -0.594    
Cost of Financing % ... ... ...     -3.35 -6.61 -3.88 -5.40 -13.5    
cash flow Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
cash flow                        
Net Profit CZK mil ... ...       2,268 1,935 1,585 1,172 899    
Depreciation CZK mil ... ...       991 1,040 1,037 1,032 1,043    
Non-Cash Items CZK mil ... ... ...     -253 -382 -837 -462 719    
Change in Working Capital CZK mil ... ... ...     -130 -123 -301 606 -369    
Total Cash From Operations CZK mil ... ...       2,875 2,470 1,485 2,348 2,292    
Capital Expenditures CZK mil ... ...       -926 -903 -905 -747 -1,068    
Other Investments CZK mil ... ...       176 25.2 88.3 86.9 27.6    
Total Cash From Investing CZK mil ... ...       -750 -878 -817 -660 -1,041    
Dividends Paid CZK mil ... ...       -151 -200 -700 -220 -1,220    
Issuance Of Debt CZK mil ... ... ...     -400 -400 -400 -400 -400    
Total Cash From Financing CZK mil ... ...       -581 -632 -1,135 -575 -1,652    
Net Change In Cash CZK mil ... ...       1,544 960 -467 1,114 -401    
ratios                        
Days Sales Outstanding days ... ...       40.6 45.1 71.5 37.5 48.4    
Days Sales Of Inventory days ... ...       31.7 42.9 35.5 57.2 51.4    
Days Payable Outstanding days ... ...       54.4 54.9 65.7 66.2 39.1    
Cash Conversion Cycle days ... ...       18.0 33.1 41.2 28.4 60.7    
Cash Earnings CZK mil ... ...       3,258 2,975 2,623 2,204 1,942    
Free Cash Flow CZK mil ... ...       2,125 1,592 668 1,688 1,251    
other data Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
other data                        
ROA % ... ...       12.9 10.3 8.27 6.02 4.56    
Gross Margin % ... ...       54.1 59.7 55.6 65.2 62.7    
Cost Per Employee USD per month ... ...       2,435 2,337 2,344 2,560 2,335    
Cost Per Employee (Local Currency) CZK per month ... ...       41,484 44,530 44,804 45,281 45,670    
Staff Cost (As % Of Total Cost) % ... ...       27.0 33.2 35.7 34.3 32.6    
Effective Tax Rate % ... ...       20.5 19.9 19.7 21.9 22.0    
Sales of Coal CZK mil ... ...       2,999 2,690 2,389 1,973 1,670    
Sales Of Electricity CZK mil ... ...       5,234 5,677 4,857 4,704 4,665    
Sales of Heat CZK mil ... ...       312 329 382 357 428    
Sales of Tar CZK mil ... ...       403 148 286 302 307    
Sales of Other Chemical Products CZK mil ... ... ... ... ... ... ... ... 168 160    
Sales of Transport Of Solid Fuel CZK mil ... ... ... ... ... ... ... ... 291 237    
Mining Costs per Tonne EUR ... ...       21.5 17.2 18.0 15.3 17.2    
Production of Coal (kt) kt           9,732 8,566 8,410 7,502 6,716    
Production of Electricity (GWh) GWh ... ... ... ... ... ... ... 3,758 3,838 3,679    
Sales of Coal (kt) kt           5,531 4,681 4,454 3,617 2,845    
Sales of Briquettes (kt) kt           148 164 138 0 0    
Sales of Electricity (GWh) GWh ... ... ... ... ... ... ... 3,254 3,346 3,171    
Sales Price of Coal per Tonne EUR ... ...       21.2 21.0 20.6 22.2 23.3    
Sales Price of Electricity per MWh EUR ... ... ... ... ... ... ... 59.0 57.2 58.5    
EBITDA per Tonne of Coal Mined EUR ... ...       15.5 14.7 13.9 13.4 12.5    
EBIT per Tonne of Coal Mined EUR ... ...       11.4 10.1 9.02 7.85 6.34    
Net Profit per Tonne of Coal Mined EUR ... ...       9.34 8.54 7.45 6.35 5.33    
Capital Expenditures (As % of Sales) % ... ...       8.12 9.33 10.5 9.21 13.7    

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Sokolovska uhelna's Capital Expenditures rose 149% to CZK 1,041 mil in 2014

By Helgi Analytics - November 05, 2019

Sokolovska uhelna invested total of CZK 1,041 mil in 2014, up 149% when compared to the previous year. Historically, company's investments reached an all time high of CZK 1,068 mil in 2012 and an all time low of CZK 419 mil in 2013. When compared to tot...

Sokolovska uhelna's Cash & Cash Equivalents rose 2.73% to CZK 10,178 mil in 2014

By Helgi Analytics - November 05, 2019

Sokolovska uhelna's total assets reached CZK 19,865 mil at the end of 2014, up 8.14% when compared to the previous year. Current assets amounted to CZK 11,403 mil, or 57.4% of total assets while cash reached CZK 10,178 mil at the end of 2014. On the other hand, total debt ...

Sokolovska uhelna's Total Cash From Operations fell 18.3% to CZK 1,228 mil in 2014

By Helgi Analytics - November 05, 2019

Sokolovska uhelna's operating cash flow reached CZK 1,228 mil in 2014, down 18.3% when compared to the previous year. Historically, the firm’s operating cash flow reached an all time high of CZK 2,920 mil in 2007 and an all time low of CZK 1,228 mil in 2014. ...

Sokolovska uhelna's Net Margin fell 12.3% yoy to 9.35% in 2014

By Helgi Analytics - November 05, 2019

Sokolovska uhelna made a net profit of CZK 633 mil under revenues of CZK 6,771 mil in 2014, down 21.1% and -10.0%, respectively, when compared to the last year. This translates into a net margin of 9.35%. Historically, the firm’s net margin reached an all time hi...

Sokolovska uhelna's ROCE fell 12.6% to 7.17% in 2014

By Helgi Analytics - November 05, 2019

Sokolovska uhelna made a net profit of CZK 633 mil in 2014, down 21.1% when compared to the previous year. Historically, company's net profit reached an all time high of CZK 2,268 mil in 2008 and an all time low of CZK 633 mil in 2014. This implies return on equit...

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Sokolovská uhelná is a Czech Republic-based brown coal mining company and independent power producer. The Company is engaged in mining, processing and selling brown coal (lignite) and its by-products. It operates in the north-western part of the Northern Bohemian Brown Coal Basin. Sokolovská uhelná’s major products include electricity and heat, steam coal, dried brown coal dust and carbochemical products. The company operates two separate mines, namely, the Družba mine and the Jiří mine. The Company also generates around 3,500 GWh of electricity and 1,800 TJ of heat a year from the produced coal. In its power and heating plants in Vřesová, Sokolovská re-gasifies the coal and uses it for thermal power generation. It also operates photovoltaic plant and biogas power generation facilities