TNT Express Czech Republic

TNT Express CR's Cash & Cash Equivalents fell 72.7% yoy to CZK 1.25 mil in 2014

By Helgi Analytics - April 2, 2020

TNT Express Czech Republic's total assets reached CZK 601 mil at the end of 2014, up 26.7% compared to the previous year. ...

Profit Statement 2012 2013 2014
Sales CZK mil 1,803 1,898 2,482
Gross Profit CZK mil 490 506 546
EBITDA CZK mil 274 272 287
EBIT CZK mil 267 265 279
Financing Cost CZK mil 5.03 -3.84 0.716
Pre-Tax Profit CZK mil 262 268 278
Net Profit CZK mil 210 214 219
Dividends CZK mil 251 210 190
Balance Sheet 2012 2013 2014
Total Assets CZK mil 442 474 601
Non-Current Assets CZK mil 23.0 25.0 24.9
Current Assets CZK mil 410 432 563
Working Capital CZK mil 51.0 38.6 107
Shareholders' Equity CZK mil 210 214 243
Liabilities CZK mil 232 260 358
Total Debt CZK mil 0.030 0.032 0.030
Net Debt CZK mil -1.30 -4.56 -1.22
Ratios 2012 2013 2014
ROE % 91.0 101 95.8
ROCE % 287 311 225
Gross Margin % 27.2 26.6 22.0
EBITDA Margin % 15.2 14.3 11.6
EBIT Margin % 14.8 13.9 11.2
Net Margin % 11.6 11.3 8.83
Net Debt/EBITDA -0.005 -0.017 -0.004
Net Debt/Equity -0.006 -0.021 -0.005
Cost of Financing % 468 -12,384 2,310
Cash Flow 2012 2013 2014
Total Cash From Operations CZK mil 221 233 195
Total Cash From Investing CZK mil 26.2 -20.1 -8.13
Total Cash From Financing CZK mil -251 -210 -190
Net Change In Cash CZK mil -4.26 3.26 -3.34
Cash Conversion Cycle days -0.761 -4.38 5.76
Cash Earnings CZK mil 217 222 227
Free Cash Flow CZK mil 247 213 187

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                  
Sales CZK mil     1,330 1,651 1,748 1,803 1,898   ...
Gross Profit CZK mil     401 460 543 490 506   ...
EBIT CZK mil     237 237 310 267 265   ...
Net Profit CZK mil     182 186 251 210 214   ...
ROE %     79.4 90.9 115 91.0 101   ...
EBIT Margin %     17.8 14.3 17.7 14.8 13.9   ...
Net Margin %     13.7 11.3 14.4 11.6 11.3   ...
Employees     269 250 256 270 266   ...
balance sheet                  
Total Assets CZK mil     387 369 475 442 474   ...
Non-Current Assets CZK mil     26.7 21.6 23.3 23.0 25.0   ...
Current Assets CZK mil     353 338 432 410 432   ...
Shareholders' Equity CZK mil     223 186 251 210 214   ...
Liabilities CZK mil     164 183 224 232 260   ...
Non-Current Liabilities CZK mil     0.387 0 0 0 0   ...
Current Liabilities CZK mil     154 172 213 224 241   ...
Net Debt/EBITDA     -0.177 -0.072 -0.011 -0.005 -0.017   ...
Net Debt/Equity     -0.197 -0.095 -0.014 -0.006 -0.021   ...
Cost of Financing % ...   -1,850 29,858 -238 468 -12,384   ...
cash flow                  
Total Cash From Operations CZK mil     192 188 321 221 233   ...
Total Cash From Investing CZK mil     34.6 8.52 -147 26.2 -20.1   ...
Total Cash From Financing CZK mil     -195 -223 -186 -251 -210   ...
Net Change In Cash CZK mil     32.0 -26.4 -12.0 -4.26 3.26   ...
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                  
Sales CZK mil     1,330 1,651 1,748 1,803 1,898   ...
Cost of Goods & Services CZK mil     929 1,191 1,206 1,313 1,393   ...
Gross Profit CZK mil     401 460 543 490 506   ...
Staff Cost CZK mil     153 206 221 208 227   ...
Other Cost CZK mil     0.256 8.92 4.11 7.23 5.82   ...
EBITDA CZK mil     249 245 318 274 272   ...
Depreciation CZK mil     11.5 8.74 7.86 7.08 7.70   ...
EBIT CZK mil     237 237 310 267 265   ...
Financing Cost CZK mil     -0.629 7.17 -2.54 5.03 -3.84   ...
Extraordinary Cost CZK mil     0 0 0 0 0   ...
Pre-Tax Profit CZK mil     238 229 312 262 268   ...
Tax CZK mil     55.7 43.6 61.3 52.1 54.4   ...
Minorities CZK mil     0 0 0 0 0   ...
Net Profit CZK mil     182 186 251 210 214   ...
Dividends CZK mil     195 223 186 251 210   ...
growth rates                  
Total Revenue Growth % ...   2.02 24.1 5.87 3.13 5.28   ...
Operating Cost Growth % ...   -6.65 40.5 4.85 -4.21 8.20    
EBITDA Growth % ...   -19.0 -1.28 29.4 -13.7 -0.675   ...
EBIT Growth % ...   -19.0 -0.182 30.9 -13.8 -0.927   ...
Pre-Tax Profit Growth % ...   -20.0 -3.46 36.1 -16.1 2.44   ...
Net Profit Growth % ...   -22.7 2.11 35.0 -16.4 1.99   ...
ratios                  
ROE %     79.4 90.9 115 91.0 101   ...
ROCE % ...   159 154 271 287 311   ...
Gross Margin %     30.2 27.9 31.0 27.2 26.6   ...
EBITDA Margin %     18.7 14.9 18.2 15.2 14.3   ...
EBIT Margin %     17.8 14.3 17.7 14.8 13.9   ...
Net Margin %     13.7 11.3 14.4 11.6 11.3   ...
Payout Ratio %     107 120 74.1 120 98.0   ...
Cost of Financing % ...   -1,850 29,858 -238 468 -12,384   ...
Net Debt/EBITDA     -0.177 -0.072 -0.011 -0.005 -0.017   ...
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
balance sheet                  
Non-Current Assets CZK mil     26.7 21.6 23.3 23.0 25.0   ...
Property, Plant & Equipment CZK mil     23.8 19.6 20.4 20.2 23.6   ...
Intangible Assets CZK mil     2.89 1.99 2.92 2.81 1.38   ...
Current Assets CZK mil     353 338 432 410 432   ...
Inventories CZK mil     0 0 0 0 0.283   ...
Receivables CZK mil     193 205 179 198 208   ...
Cash & Cash Equivalents CZK mil     44.0 17.6 5.59 1.33 4.59   ...
Total Assets CZK mil     387 369 475 442 474   ...
Shareholders' Equity CZK mil     223 186 251 210 214   ...
Of Which Minority Interest CZK mil     0 0 0 0 0   ...
Liabilities CZK mil     164 183 224 232 260   ...
Non-Current Liabilities CZK mil     0.387 0 0 0 0   ...
Long-Term Debt CZK mil     0 0 0 0 0   ...
Deferred Tax Liabilities CZK mil     0.387 0 0 0 0   ...
Current Liabilities CZK mil     154 172 213 224 241   ...
Short-Term Debt CZK mil     0.035 0.013 2.12 0.030 0.032   ...
Trade Payables CZK mil     91.4 114 131 147 169   ...
Provisions CZK mil     1.74 4.38 4.88 4.85 4.93   ...
Equity And Liabilities CZK mil     387 369 475 442 474   ...
growth rates                  
Total Asset Growth % ...   0.478 -4.59 28.6 -6.88 7.27   ...
Shareholders' Equity Growth % ...   -5.50 -16.5 35.0 -16.4 1.99   ...
Net Debt Growth % ...   266 -59.9 -80.3 -62.5 250   ...
Total Debt Growth % ...   6.06 -62.9 16,223 -98.6 6.67   ...
ratios                  
Total Debt CZK mil     0.035 0.013 2.12 0.030 0.032   ...
Net Debt CZK mil     -44.0 -17.6 -3.47 -1.30 -4.56   ...
Working Capital CZK mil     102 91.8 48.7 51.0 38.6   ...
Capital Employed CZK mil     128 113 72.1 74.0 63.6   ...
Net Debt/Equity     -0.197 -0.095 -0.014 -0.006 -0.021   ...
Cost of Financing % ...   -1,850 29,858 -238 468 -12,384   ...
cash flow Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
cash flow                  
Net Profit CZK mil     182 186 251 210 214   ...
Depreciation CZK mil     11.5 8.74 7.86 7.08 7.70   ...
Non-Cash Items CZK mil ...   35.4 -16.5 19.0 5.85 -0.896   ...
Change in Working Capital CZK mil ...   -36.5 9.67 43.1 -2.27 12.4   ...
Total Cash From Operations CZK mil     192 188 321 221 233   ...
Capital Expenditures CZK mil     -2.55 -0.362 -9.59 -7.04 -9.83   ...
Other Investments CZK mil     37.1 8.88 -138 33.2 -10.3   ...
Total Cash From Investing CZK mil     34.6 8.52 -147 26.2 -20.1   ...
Dividends Paid CZK mil     -195 -223 -186 -251 -210   ...
Issuance Of Debt CZK mil ...   0.002 -0.022 2.11 -2.09 0.002   ...
Total Cash From Financing CZK mil     -195 -223 -186 -251 -210   ...
Net Change In Cash CZK mil     32.0 -26.4 -12.0 -4.26 3.26   ...
ratios                  
Days Sales Outstanding days     52.9 45.4 37.4 40.1 39.9   ...
Days Sales Of Inventory days     0 0 0 0 0.074   ...
Days Payable Outstanding days     35.9 34.8 39.5 40.8 44.4   ...
Cash Conversion Cycle days     17.0 10.6 -2.10 -0.761 -4.38   ...
Cash Earnings CZK mil     194 195 259 217 222   ...
Free Cash Flow CZK mil     227 196 174 247 213   ...
other data Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015
other data                  
ROA %     47.1 49.2 59.5 45.8 46.7   ...
Gross Margin %     30.2 27.9 31.0 27.2 26.6   ...
Employees     269 250 256 270 266   ...
Cost Per Employee USD per month     2,479 3,596 4,075 3,288 3,642   ...
Cost Per Employee (Local Currency) CZK per month     47,247 68,719 72,068 64,311 71,257   ...
Staff Cost (As % Of Total Cost) %     13.9 14.5 15.4 13.6 13.9   ...
Effective Tax Rate %     23.4 19.0 19.6 19.9 20.2   ...
Domestic Sales CZK mil     825 991 1,049 992 1,044   ...
Capital Expenditures (As % of Sales) %     0.191 0.022 0.549 0.390 0.518   ...
Revenues From Abroad CZK mil     506 661 699 811 854   ...
Revenues From Abroad (As % Of Total) %     38.0 40.0 40.0 45.0 45.0   ...

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TNT Express Worldwide, s.r.o. is a Czech Republic-based subsidiary of the global express delivery company TNT Express. The mother company collects, transports and delivers documents, parcels and freight on a time-certain or day-definite basis. The Company operates worldwide with domestic, regional and intercontinental delivery. It has own operations in more than 60 countries and can deliver to more than 200 countries through own operations, subcontractors and agents. Its customers are international companies, as well as small and medium enterprises. The Company serves industries such as technology, automotive, industrial, healthcare and lifestyle, as well as financial institutions and governments. The Company operates interconnected international air and road networks. The air network consists of a central air hub in Liege, Belgium, and a fleet of more than 50 aircrafts. The road networks are operated in Europe, the Middle East, Asia, Australia and South America.

Finance

TNT Express Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 100% a year during that time to total of in 2015, or of sales. That’s compared to 14.8% average margin seen in last five years.

The company netted in 2015 implying ROE of and ROCE of . Again, the average figures were 101% and 273%, respectively when looking at the previous 5 years.

TNT Express Czech Republic’s net debt amounted to at the end of 2015, or of equity. When compared to EBITDA, net debt was x, up when compared to average of -0.009x seen in the last 5 years.