By Helgi Analytics - December 9, 2021
Window Holding made a net profit of CZK 23.5 mil with revenues of CZK 1,776 mil in 2020, up by 1% and up by 1.69%, re...
By Helgi Analytics - December 9, 2021
Window Holding employed 823 employees in 2020, down 2.95% compared to the previous year. Historically, between 2009 and...
By Helgi Analytics - December 9, 2021
Window Holding's operating cash flow stood at CZK 171 mil in 2020, up 244% when compared to the previous year. Historica...
| Profit Statement | 2018 | 2019 | 2020 | |
| Sales | CZK mil | 1,739 | 1,747 | 1,776 |
| Gross Profit | CZK mil | 522 | 545 | 562 |
| EBITDA | CZK mil | 30.0 | 28.6 | 41.1 |
| EBIT | CZK mil | 3.09 | 2.17 | 19.6 |
| Financing Cost | CZK mil | 3.47 | 2.93 | 3.35 |
| Pre-Tax Profit | CZK mil | 1.04 | 2.05 | 23.5 |
| Net Profit | CZK mil | 1.04 | 2.04 | 23.5 |
| Dividends | CZK mil | 0.530 | 1.20 | 10.2 |
| Balance Sheet | 2018 | 2019 | 2020 | |
| Total Assets | CZK mil | 617 | 619 | 711 |
| Non-Current Assets | CZK mil | 112 | 140 | 159 |
| Current Assets | CZK mil | 489 | 461 | 528 |
| Working Capital | CZK mil | 220 | 239 | 149 |
| Shareholders' Equity | CZK mil | 94.4 | 95.2 | 108 |
| Liabilities | CZK mil | 523 | 524 | 603 |
| Total Debt | CZK mil | 196 | 232 | 244 |
| Net Debt | CZK mil | 179 | 186 | 67.5 |
| Ratios | 2018 | 2019 | 2020 | |
| ROE | % | 1.11 | 2.15 | 23.1 |
| ROCE | % | 0.315 | 0.574 | 6.84 |
| Gross Margin | % | 30.0 | 31.2 | 31.6 |
| EBITDA Margin | % | 1.73 | 1.64 | 2.32 |
| EBIT Margin | % | 0.178 | 0.124 | 1.10 |
| Net Margin | % | 0.060 | 0.117 | 1.32 |
| Net Debt/EBITDA | 5.96 | 6.49 | 1.64 | |
| Net Debt/Equity | % | 190 | 195 | 62.3 |
| Cost of Financing | % | 1.69 | 1.37 | 1.41 |
| Cash Flow | 2018 | 2019 | 2020 | |
| Total Cash From Operations | CZK mil | 31.7 | 49.7 | 171 |
| Total Cash From Investing | CZK mil | -25.1 | -51.7 | -39.2 |
| Total Cash From Financing | CZK mil | -25.1 | 7.17 | -24.1 |
| Net Change In Cash | CZK mil | -18.6 | 5.18 | 108 |
| Cash Conversion Cycle | days | 35.8 | 43.2 | 20.2 |
| Cash Earnings | CZK mil | 28.0 | 28.5 | 45.0 |
| Free Cash Flow | CZK mil | 6.53 | -1.99 | 132 |
Get all company financials in excel:
| overview | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| income statement | |||||||||||||||
| Sales | CZK mil | ... | 1,394 | 1,550 | 1,582 | 1,667 | 1,739 | ||||||||
| Gross Profit | CZK mil | ... | 377 | 389 | 393 | 438 | 522 | ||||||||
| EBIT | CZK mil | ... | 6.61 | -16.5 | -65.4 | -33.0 | 3.09 | ||||||||
| Net Profit | CZK mil | ... | -6.62 | -7.87 | -83.7 | -33.9 | 1.04 | ||||||||
| ROE | % | ... | -19.5 | -11.4 | -79.8 | -29.3 | 1.11 | ||||||||
| EBIT Margin | % | ... | 0.474 | -1.06 | -4.14 | -1.98 | 0.178 | ||||||||
| Net Margin | % | ... | -0.475 | -0.508 | -5.29 | -2.03 | 0.060 | ||||||||
| Employees | ... | ... | 784 | 900 | 947 | 886 | 898 | ||||||||
| balance sheet | |||||||||||||||
| Total Assets | CZK mil | 817 | 868 | 854 | 616 | 617 | |||||||||
| Non-Current Assets | CZK mil | 316 | 346 | 347 | 100 | 112 | |||||||||
| Current Assets | CZK mil | 488 | 506 | 493 | 504 | 489 | |||||||||
| Shareholders' Equity | CZK mil | 65.4 | 72.0 | 138 | 93.8 | 94.4 | |||||||||
| Liabilities | CZK mil | 751 | 796 | 717 | 522 | 523 | |||||||||
| Non-Current Liabilities | CZK mil | 492 | 79.4 | 42.8 | 16.8 | 7.97 | |||||||||
| Current Liabilities | CZK mil | 216 | 256 | 393 | 468 | 492 | |||||||||
| Net Debt/EBITDA | ... | 5.36 | 2.39 | -9.89 | -26.5 | 5.96 | |||||||||
| Net Debt/Equity | % | 765 | 91.7 | 157 | 184 | 190 | |||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | 1.71 | 1.66 | 1.33 | 1.69 | ||
| cash flow | |||||||||||||||
| Total Cash From Operations | CZK mil | ... | 49.6 | -58.7 | 48.7 | 83.7 | 31.7 | ||||||||
| Total Cash From Investing | CZK mil | ... | -0.698 | -65.6 | -60.2 | -25.6 | -25.1 | ||||||||
| Total Cash From Financing | CZK mil | ... | -8.90 | 77.8 | -3.58 | -26.0 | -25.1 | ||||||||
| Net Change In Cash | CZK mil | ... | 40.0 | -46.4 | -15.1 | 32.0 | -18.6 |
| income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| income statement | |||||||||||||||
| Sales | CZK mil | ... | 1,394 | 1,550 | 1,582 | 1,667 | 1,739 | ||||||||
| Cost of Goods & Services | CZK mil | ... | 1,017 | 1,161 | 1,188 | 1,229 | 1,217 | ||||||||
| Gross Profit | CZK mil | ... | 377 | 389 | 393 | 438 | 522 | ||||||||
| Staff Cost | CZK mil | ... | 319 | 385 | 430 | 455 | 499 | ||||||||
| Other Operating Cost (Income) | CZK mil | ... | -35.8 | -24.2 | -15.2 | -10.3 | -6.76 | ||||||||
| EBITDA | CZK mil | ... | 93.4 | 27.7 | -21.8 | -6.50 | 30.0 | ||||||||
| Depreciation | CZK mil | ... | 86.8 | 44.1 | 43.6 | 26.5 | 27.0 | ||||||||
| EBIT | CZK mil | ... | 6.61 | -16.5 | -65.4 | -33.0 | 3.09 | ||||||||
| Net Financing Cost | CZK mil | ... | 13.2 | -8.75 | 18.2 | 0.836 | 2.05 | ||||||||
| Financing Cost | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 5.86 | 2.80 | 2.96 | 3.47 | ||
| Financing Income | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | 0.440 | 0.322 | 0.221 | 0.402 | ||
| Extraordinary Cost | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | CZK mil | ... | -6.62 | -7.74 | -83.7 | -33.9 | 1.04 | ||||||||
| Tax | CZK mil | ... | 0 | 0.128 | 0.012 | 0 | 0 | ||||||||
| Minorities | CZK mil | ... | 0 | 0 | ... | ... | ... | ... | ... | ||||||
| Net Profit | CZK mil | ... | -6.62 | -7.87 | -83.7 | -33.9 | 1.04 | ||||||||
| Net Profit Avail. to Common | CZK mil | ... | -6.62 | -7.87 | -83.7 | -33.9 | 1.04 | ||||||||
| Dividends | CZK mil | ... | -69.5 | -14.4 | -149 | 9.91 | 0.530 | ||||||||
| growth rates | |||||||||||||||
| Total Revenue Growth | % | ... | ... | 17.0 | 11.1 | 2.07 | 5.40 | 4.32 | |||||||
| Staff Cost Growth | % | ... | ... | 2.69 | 20.7 | 11.7 | 5.64 | 9.77 | |||||||
| EBITDA Growth | % | ... | ... | 73.6 | -70.4 | -179 | -70.2 | -562 | |||||||
| EBIT Growth | % | ... | ... | -111 | -349 | 297 | -49.5 | -109 | |||||||
| Pre-Tax Profit Growth | % | ... | ... | -93.6 | 16.9 | 981 | -59.5 | -103 | |||||||
| Net Profit Growth | % | ... | ... | -93.6 | 18.9 | 964 | -59.5 | -103 | |||||||
| ratios | |||||||||||||||
| ROE | % | ... | -19.5 | -11.4 | -79.8 | -29.3 | 1.11 | ||||||||
| ROA | % | ... | -0.789 | -0.934 | -9.71 | -4.61 | 0.169 | ||||||||
| ROCE | % | ... | -1.11 | -1.49 | -13.8 | -6.85 | 0.315 | ||||||||
| Gross Margin | % | ... | 27.0 | 25.1 | 24.9 | 26.3 | 30.0 | ||||||||
| EBITDA Margin | % | ... | 6.70 | 1.78 | -1.38 | -0.390 | 1.73 | ||||||||
| EBIT Margin | % | ... | 0.474 | -1.06 | -4.14 | -1.98 | 0.178 | ||||||||
| Net Margin | % | ... | -0.475 | -0.508 | -5.29 | -2.03 | 0.060 | ||||||||
| Payout Ratio | % | ... | 1,049 | 184 | 178 | -29.3 | 50.8 | ||||||||
| Cost of Financing | % | ... | ... | ... | ... | ... | ... | ... | ... | 1.71 | 1.66 | 1.33 | 1.69 | ||
| Net Debt/EBITDA | ... | 5.36 | 2.39 | -9.89 | -26.5 | 5.96 |
| balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| balance sheet | |||||||||||||||
| Cash & Cash Equivalents | CZK mil | 72.8 | 26.4 | 11.3 | 43.3 | 16.5 | |||||||||
| Receivables | CZK mil | 194 | 199 | 337 | 336 | 335 | |||||||||
| Inventories | CZK mil | 94.7 | 117 | 145 | 125 | 137 | |||||||||
| Other ST Assets | CZK mil | 127 | 164 | 0 | 0 | 0 | |||||||||
| Current Assets | CZK mil | 488 | 506 | 493 | 504 | 489 | |||||||||
| Property, Plant & Equipment | CZK mil | 312 | 326 | 342 | 96.9 | 107 | |||||||||
| LT Investments & Receivables | CZK mil | 0.602 | 17.2 | 1.43 | 0.100 | 0.100 | |||||||||
| Intangible Assets | CZK mil | 2.97 | 2.91 | 3.41 | 3.07 | 5.38 | |||||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Non-Current Assets | CZK mil | 316 | 346 | 347 | 100 | 112 | |||||||||
| Total Assets | CZK mil | 817 | 868 | 854 | 616 | 617 | |||||||||
| Trade Payables | CZK mil | 103 | 108 | 169 | 231 | 252 | |||||||||
| Short-Term Debt | CZK mil | 81.3 | 30.2 | 185 | 199 | 188 | |||||||||
| Other ST Liabilities | CZK mil | 31.9 | 117 | 38.4 | 37.8 | 51.9 | |||||||||
| Current Liabilities | CZK mil | 216 | 256 | 393 | 468 | 492 | |||||||||
| Long-Term Debt | CZK mil | 492 | 79.4 | 42.8 | 16.8 | 7.97 | |||||||||
| Other LT Liabilities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Non-Current Liabilities | CZK mil | 492 | 79.4 | 42.8 | 16.8 | 7.97 | |||||||||
| Liabilities | CZK mil | 751 | 796 | 717 | 522 | 523 | |||||||||
| Equity Before Minority Interest | CZK mil | 65.4 | 72.0 | 138 | 93.8 | 94.4 | |||||||||
| Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Equity | CZK mil | 65.4 | 72.0 | 138 | 93.8 | 94.4 | |||||||||
| growth rates | |||||||||||||||
| Total Asset Growth | % | ... | -5.01 | 6.28 | -1.59 | -27.9 | 0.135 | ||||||||
| Shareholders' Equity Growth | % | ... | 2,418 | 10.0 | 91.1 | -31.8 | 0.547 | ||||||||
| Net Debt Growth | % | ... | -19.4 | -86.8 | 226 | -20.0 | 3.82 | ||||||||
| Total Debt Growth | % | ... | -12.3 | -80.9 | 108 | -5.40 | -9.36 | ||||||||
| ratios | |||||||||||||||
| Total Debt | CZK mil | 574 | 110 | 228 | 216 | 196 | |||||||||
| Net Debt | CZK mil | 500 | 66.0 | 216 | 173 | 179 | |||||||||
| Working Capital | CZK mil | 186 | 207 | 312 | 229 | 220 | |||||||||
| Capital Employed | CZK mil | 502 | 553 | 659 | 329 | 332 | |||||||||
| Net Debt/Equity | % | 765 | 91.7 | 157 | 184 | 190 | |||||||||
| Current Ratio | 2.26 | 1.98 | 1.25 | 1.08 | 0.993 | ||||||||||
| Quick Ratio | 1.24 | 0.879 | 0.886 | 0.810 | 0.714 |
| cash flow | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| cash flow | |||||||||||||||
| Net Profit | CZK mil | ... | -6.62 | -7.87 | -83.7 | -33.9 | 1.04 | ||||||||
| Depreciation | CZK mil | ... | 86.8 | 44.1 | 43.6 | 26.5 | 27.0 | ||||||||
| Non-Cash Items | CZK mil | ... | 0 | -73.9 | 194 | 8.12 | -5.88 | ||||||||
| Change in Working Capital | CZK mil | ... | 0.318 | -21.0 | -105 | 82.9 | 9.53 | ||||||||
| Total Cash From Operations | CZK mil | ... | 49.6 | -58.7 | 48.7 | 83.7 | 31.7 | ||||||||
| Capital Expenditures | CZK mil | ... | -36.7 | -73.4 | -62.0 | -28.0 | -39.3 | ||||||||
| Other Investing Activities | CZK mil | ... | 36.0 | 7.82 | 1.81 | 2.39 | 14.2 | ||||||||
| Total Cash From Investing | CZK mil | ... | -0.698 | -65.6 | -60.2 | -25.6 | -25.1 | ||||||||
| Dividends Paid | CZK mil | ... | ... | 2.76 | 0 | 0 | 0 | 0 | |||||||
| Issuance Of Shares | CZK mil | ... | 0 | 0 | 0 | 0 | 0 | ||||||||
| Issuance Of Debt | CZK mil | ... | -80.4 | 77.8 | -3.58 | -26.0 | -25.1 | ||||||||
| Other Financing Activities | CZK mil | ... | ... | 69.4 | 0 | 0 | 0 | 0 | |||||||
| Total Cash From Financing | CZK mil | ... | -8.90 | 77.8 | -3.58 | -26.0 | -25.1 | ||||||||
| Net Change In Cash | CZK mil | ... | 40.0 | -46.4 | -15.1 | 32.0 | -18.6 | ||||||||
| ratios | |||||||||||||||
| Days Sales Outstanding | days | ... | 50.8 | 46.8 | 77.8 | 73.5 | 70.3 | ||||||||
| Days Sales Of Inventory | days | ... | 34.0 | 36.7 | 44.4 | 37.0 | 41.2 | ||||||||
| Days Payable Outstanding | days | ... | 36.9 | 34.0 | 52.0 | 68.6 | 75.6 | ||||||||
| Cash Conversion Cycle | days | ... | 47.9 | 49.4 | 70.2 | 41.9 | 35.8 | ||||||||
| Cash Earnings | CZK mil | ... | 80.2 | 36.3 | -40.0 | -7.34 | 28.0 | ||||||||
| Free Cash Flow | CZK mil | ... | 48.9 | -124 | -11.5 | 58.0 | 6.53 | ||||||||
| Capital Expenditures (As % of Sales) | % | ... | 2.63 | 4.74 | 3.92 | 1.68 | 2.26 |
| other ratios | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Employees | ... | ... | 784 | 900 | 947 | 886 | 898 | ||||||||
| Cost Per Employee | USD per month | ... | ... | 1,587 | 1,495 | 1,501 | 1,822 | 2,117 | |||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | 33,925 | 35,683 | 37,870 | 42,760 | 46,310 | |||||||
| Material & Energy (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | 51.6 | 52.2 | 49.2 | 46.3 | ||
| Services (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | 23.3 | 22.9 | 24.5 | 23.6 | ||
| Staff Cost (As % of Sales) | % | ... | 22.9 | 24.9 | 27.2 | 27.3 | 28.7 | ||||||||
| Effective Tax Rate | % | ... | 0 | -1.65 | -0.014 | 0 | 0 | ||||||||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... | ... | -8.73 | -3.24 | -2.69 | 3.87 | 7.85 | |||
| Total Revenue Growth (10-year average) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 4.38 |
Get all company financials in excel:
By Helgi Analytics - December 9, 2021
Window Holding made a net profit of CZK 23.5 mil with revenues of CZK 1,776 mil in 2020, up by 1.00% and up by 1.69%, respectively, compared to the previous year. This translates into a net margin of 1.32%. Historically, between 2008 and 2020, the f...
By Helgi Analytics - December 9, 2021
Window Holding made a net profit of CZK 23.5 mil in 2020, up 1% compared to the previous year. Historically, between 2008 and 2020, the company's net profit reached a high of CZK 23.5 mil in 2020 and a low of CZK -342 mil in 2012. The result implies a ret...
By Helgi Analytics - December 9, 2021
Window Holding's total assets reached CZK 711 mil at the end of 2020, up 14.9% compared to the previous year. Current assets amounted to CZK 528 mil, or 74.2% of total assets while cash stood at CZK 129 mil at the end of 2020. ...
By Helgi Analytics - December 9, 2021
Window Holding's net debt stood at CZK 67.5 mil and accounted for 62.3% of equity at the end of 2020. The ratio is down 133 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 23,879% in 2013 and a low ...
By Helgi Analytics - December 9, 2021
Window Holding invested a total of CZK 40.5 mil in 2020, down 25.5% compared to the previous year. Historically, between 2008 - 2020, the company's investments stood at a high of CZK 106 mil in 2009 and a low of CZK -81.3 mil in 2011. ...
Window Holding a.s. is a Czech Republic-based manufacturer of doors and windows. The Company emerged as the largest producer of windows in the Czech Republic through a connection and merger of the most dominant producers of windows and doors in the Czech Republic such as Vekra and Otherm. The Company manufactures windows and doors made of plastic, wood, aluminum, and wood/aluminum combination in five specialized production plants throughout the Czech Republic and employs almost 800 staff. The Company sells its products through representatives and trading partners in Czech Republic. The company also exports its products to Western and Eastern European countries. The company was founded in 1993 and is based in Prague, Czech Republic.
Window Holding has been growing its sales by 2.76% a year on average in the last 5 years. EBITDA has grown on average by 8.26% a year during that time to total of CZK 41.1 mil in 2020, or 2.32% of sales. That’s compared to 0.783% average margin seen in last five years.
The company netted CZK 23.5 mil in 2020 implying ROE of 23.1% and ROCE of 6.84%. Again, the average figures were -16.6% and -2.59%, respectively when looking at the previous 5 years.
Window Holding’s net debt amounted to CZK 67.5 mil at the end of 2020, or 62.3% of equity. When compared to EBITDA, net debt was 1.64x, up when compared to average of -4.46x seen in the last 5 years.
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