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Vitkovice Steel

Metals & Mining > Czech Republic > Vitkovice Steel
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Vitkovice Steel

Vítkovice Steel (formerly Evraz Vitkovice Steel), a.s. is a leading Czech manufacturer of rolled steel products. The history of the Company dates back to the first heat of ductile iron, tapped in Rudolf's smelter in 1830, Vítkovice's early predecessor. In 2002, the Company was saved from the bancruptcy by the Czech Government and since 2005, the Company has been a part of vertically-integrated steel and mining group Evraz Group,

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Vítkovice Steel (formerly Evraz Vitkovice Steel), a.s. is a leading Czech manufacturer of rolled steel products. The history of the Company dates back to the first heat of ductile iron, tapped in Rudolf's smelter in 1830, Vítkovice's early predecessor. In 2002, the Company was saved from the bancruptcy by the Czech Government and since 2005, the Company has been a part of vertically-integrated steel and mining group Evraz Group, which is partly owned by the Russian billionaire Roman Abramovič. In 2014, Evraz Vítkovice Steel was sold to new owners and renamed back to Vitkovice Steel. In 2015, the Company announced a shutdown of steel production and lay-offs of 350 staff.

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summary Unit
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
    6,991 11,767 15,273 9,790 8,699    
    -728 4.00 1,149 538 538    
    -1,490 -527 -298 -918 -587    
    -1,463 -495 -713 -1,021 -887    
    -27.2% -11.2% -18.8% -34.8% -44.8%    
    -21.3% -4.48% -1.95% -9.38% -6.75%    
    -20.9% -4.21% -4.67% -10.4% -10.2%    
    1,373 1,286 1,397 1,187 1,095    

balance sheet

    9,934 10,600 9,871 7,858 6,704    
    5,613 5,546 5,219 4,916 4,485    
    4,113 5,044 4,656 2,938 2,198    
    4,653 4,158 3,445 2,425 1,538    
    5,281 6,442 6,426 5,433 5,166    
    2,640 2,344 2,506 1,683 2,211    
    2,641 3,129 3,045 3,750 1,122    
    -2.40 -17.1 1.33 -2.24 -30.3    
    0.523 0.197 0.074 0.416 2.31    
...   6.73% 1.13% 47.5% -34.5% 12.7%    

cash flow

    301 -290 674 -954 -21.9    
    798 -30.0 -104 199 -49.6    
    -1,636 292 -377 636 73.0    
    -537 -28.0 193 -119 1.49    

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income statement Unit
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
    6,991 11,767 15,273 9,790 8,699    
    7,719 11,763 14,124 9,252 8,161    
    -728 4.00 1,149 538 538    
    701 639 757 709 620    
    -414 -587 200 279 35.0    
    -1,015 -48.0 192 -450 -117    
    475 479 490 468 470    
    -1,490 -527 -298 -918 -587    
    224 19.0 322 -279 305    
    0.000 0.000 -1.00 0.000 -5.00    
    -1,714 -546 -619 -639 -887    
    -251 -51.0 94.0 382 0.000    
    0.000 0.000 0.000 0.000 0.000    
    -1,463 -495 -713 -1,021 -887    
  ... ... ... ... ... ... ... ...

growth rates

...   -65.4% 68.3% 29.8% -35.9% -11.1%    
...   -71.6% -81.9% 1,740% 3.24% -33.7%    
...   -152% -95.3% -500% -334% -74.0%    
...   -218% -64.6% -43.5% 208% -36.1%    
...   -307% -68.1% 13.4% 3.23% 38.8%    
...   -347% -66.2% 44.0% 43.2% -13.1%    

ratios

    -27.2% -11.2% -18.8% -34.8% -44.8%    
...   -19.6% -7.05% -10.5% -16.3% -15.0%    
    -10.4% 0.034% 7.52% 5.50% 6.18%    
    -14.5% -0.408% 1.26% -4.60% -1.35%    
    -21.3% -4.48% -1.95% -9.38% -6.75%    
    -20.9% -4.21% -4.67% -10.4% -10.2%    
  ... ... ... ... ... ... ... ...
...   6.73% 1.13% 47.5% -34.5% 12.7%    
    -2.40 -17.1 1.33 -2.24 -30.3    

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balance sheet Unit
2007 2008 2009 2010 2011 2012 2013 2014 2015

balance sheet

    5,613 5,546 5,219 4,916 4,485    
    5,748 5,480 5,158 4,885 4,456    
    26.0 19.0 12.0 21.0 20.3    
    4,113 5,044 4,656 2,938 2,198    
    1,992 2,917 2,031 1,409 1,137    
    1,467 1,483 1,658 1,074 911    
    72.0 44.0 237 118 111    
    9,934 10,600 9,871 7,858 6,704    
    4,653 4,158 3,445 2,425 1,538    
    0.000 0.000 0.000 0.000 0.000    
    5,281 6,442 6,426 5,433 5,166    
    2,640 2,344 2,506 1,683 2,211    
    1,297 0.000 0.000 0.000 2,198    
    2,641 3,129 3,045 3,750 1,122    
    1,208 863 492 1,127 1,463    
    2,417 2,562 2,651 1,131 973    
    115 63.0 257 299 39.1    
    9,934 10,600 9,871 7,858 6,704    

growth rates

...   -27.4% 6.70% -6.88% -20.4% -14.7%    
...   -23.9% -10.6% -17.1% -29.6% -36.6%    
...   -31.3% -66.3% -68.9% 296% 252%    
...   -39.6% -65.5% -43.0% 129% 225%    

ratios

    2,505 863 492 1,127 3,661    
    2,433 819 255 1,009 3,550    
    1,042 1,838 1,038 1,352 1,075    
    6,655 7,384 6,257 6,268 5,560    
    0.523 0.197 0.074 0.416 2.31    
...   6.73% 1.13% 47.5% -34.5% 12.7%    

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cash flow Unit
2007 2008 2009 2010 2011 2012 2013 2014 2015

cash flow

    -1,463 -495 -713 -1,021 -887    
    475 479 490 468 470    
...   14.0 522 97.0 -87.0 118    
...   1,275 -796 800 -314 277    
    301 -290 674 -954 -21.9    
    -248 -117 -210 -188 -51.7    
    1,046 87.0 106 387 2.15    
    798 -30.0 -104 199 -49.6    
  ... ... ... ... ... ... ... ...
...   -1,643 -1,642 -371 635 2,534    
    -1,636 292 -377 636 73.0    
    -537 -28.0 193 -119 1.49    

ratios

    76.6 46.0 39.6 40.0 38.2    
    94.2 90.5 52.5 55.6 50.8    
    114 79.5 68.5 44.6 43.5    
    56.5 57.0 23.6 51.0 45.6    
    -988 -16.0 -223 -553 -417    
    1,099 -320 570 -755 -71.5    

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

other data

    -12.4% -4.82% -6.97% -11.5% -12.2%    
    -10.4% 0.034% 7.52% 5.50% 6.18%    
    1,373 1,286 1,397 1,187 1,095    
    2,233 2,167 2,553 2,545 2,412    
    42,547 41,408 45,156 49,775 47,187    
    8.27% 5.20% 4.86% 6.62% 6.68%    
    14.6% 9.34% -15.2% -59.8% 0.000%    
    7,756 11,905 15,137 10,328 ...    
    13.0 11.0 11.0 10.0 ...    
    9.00 15.0 10.9 4.00 ...    
    481 350 776 454 388    
    100 152 137 70.4 82.5    
    455 607 666 527 484    
    17.0 15.3 21.9 18.6 16.2    

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Evraz Vítkovice Steel at a Glance

Evraz Vítkovice Steel, a.s. is a leading Czech manufacturer of rolled steel products. The history of the Company dates back to the first heat of ductile iron, tapped in Rudolf's smelter in 1830, Vítkovice's early predecessor. In 2002, the Company was saved from the bancruptcy by the Czech Government and since 2005, the Company has been a part

Read more »

Evraz Vítkovice Steel, a.s. is a leading Czech manufacturer of rolled steel products. The history of the Company dates back to the first heat of ductile iron, tapped in Rudolf's smelter in 1830, Vítkovice's early predecessor. In 2002, the Company was saved from the bancruptcy by the Czech Government and since 2005, the Company has been a part of vertically-integrated steel and mining group Evraz Group, which is partly owned by the Russian billionaire Roman Abramovič. Evraz Vítkovice Steel is reportedly for sale, so a new strategic partner might arrive to the Company any time during 2014.

This report offers a summary of the company's performance in 2007-2012. You will find here all the key numbers from the company's balance sheet, income statement and cash flow on the annual basis.

Vitkovice Steel's net debt reached CZK 5,472 mil and accounted for -2.81 of equity at the end of 2015. The ratio is down 106% when compared to the previous year.

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

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Vitkovice Steel's net debt reached CZK 5,472 mil and accounted for -2.81 of equity at the end of 2015. The ratio is down 106% when compared to the previous year.

Historically, the firm’s net debt to equity reached an all time high of 44.4 in 2014 and an all time low of -2.81 in 2015.

When compared to EBITDA, net debt amounted to -19.0x at the end of the year. The ratio reached an all time high of 75.7 in 2014 and an all time low of -30.3 in 2013.

As far as Vitkovice Steel's peers are concerned, ArcelorMittal Czech Republic posted net debt to equity of -0.006x and -0.092x when compared to EBITDA at the end of 2015..

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

Vitkovice Steel's total assets reached CZK 5,119 mil at the end of 2015, up 8.14% when compared to the previous year.

Current assets amounted to CZK 1,765 mil, or 34.5% of total assets while cash reached CZK 138 mil at the end of 2015.

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Vitkovice Steel's total assets reached CZK 5,119 mil at the end of 2015, up 8.14% when compared to the previous year.

Current assets amounted to CZK 1,765 mil, or 34.5% of total assets while cash reached CZK 138 mil at the end of 2015.

On the other hand, total debt reached CZK 5,611 mil at the year-end, or 34.5% of total assets while firm's equity amounted to CZK -1,948 mil. As a result, net debt reached CZK 5,472 mil at the end of 2015 and accounted for -281% of equity.

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

Vitkovice Steel made a net profit of CZK -2,043 mil under revenues of CZK 7,148 mil in 2015, down -41.7% and -15.2%, respectively, when compared to the last year. This translates into a net margin of -28.6%.

Historically, the

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Vitkovice Steel made a net profit of CZK -2,043 mil under revenues of CZK 7,148 mil in 2015, down -41.7% and -15.2%, respectively, when compared to the last year. This translates into a net margin of -28.6%.

Historically, the firm’s net profit reached an all time high of CZK 2,128 mil in 2007 and an all time low of CZK -2,043 mil in 2015. Since 2010, the firm's net profit has increased -313% or 32.8% a year on average.

On the operating level, EBITDA reached CZK -288 mil, up -611% when compared to the previous year. Over the last five years, company's EBITDA has grown 43.1% a year on average.

As far as Vitkovice Steel's peers are concerned, ArcelorMittal Czech Republic posted net and EBITDA margin of 1.53% and 4.66%, respectively in 2015.

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

Vitkovice Steel made a net profit of CZK CZK -2,043 mil under revenues of CZK 7,148 mil in 2015, down 41.7% and -15.2%, respectively, when compared to the last year.

This translates into a net margin of -28.6%. Historically, the

Read more »

Vitkovice Steel made a net profit of CZK CZK -2,043 mil under revenues of CZK 7,148 mil in 2015, down 41.7% and -15.2%, respectively, when compared to the last year.

This translates into a net margin of -28.6%. Historically, the firm’s net margin reached an all time high of 11.2% in 2007 and an all time low of -28.6% in 2015. The average net margin in the last five years amounted to -14.2%.

On the operating level, EBITDA margin reached -16.5% and EBIT amounted to -4.03% of sales in 2015.

As far as Vitkovice Steel's peers are concerned, ArcelorMittal Czech Republic posted net and EBITDA margin of 1.53% and 4.66%, respectively in 2015.

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

See all charts of the company »
Vitkovice Steel's net profit fell 41.7% to CZK -2,043 mil in 2015
Vitkovice Steel's net profit fell 41.7% to CZK -2,043 mil in 2015
Vitkovice Steel's employees remain unchanged at 1,060 in 2015
Vitkovice Steel's ROCE fell 61.9% to -43.6% in 2015
Vitkovice Steel's Net Margin fell 67.1% to -28.6% in 2015
Vitkovice Steel's Net Debt/EBITDA fell 125% to -19.0 in 2015
Vitkovice Steel's Cash & Cash Equivalents fell 54.7% to CZK 138 mil in 2015