ZVVZ Group

ZVVZ's Cash & Cash Equivalents fell 0.932% yoy to CZK 363 mil in 2014

By Helgi Analytics - April 2, 2020

ZVVZ Group's total assets reached CZK 2,025 mil at the end of 2014, down 1.48% compared to the previous year. Curr...

Profit Statement 2012 2013 2014
Sales CZK mil 1,762 2,264 2,126
Gross Profit CZK mil 448 614 571
EBITDA CZK mil 138 142 109
EBIT CZK mil 95.2 99.2 68.9
Financing Cost CZK mil 10.6 -10.1 10.5
Pre-Tax Profit CZK mil 74.7 101 59.6
Net Profit CZK mil 74.7 89.5 47.0
Dividends CZK mil 82.5 ... ...
Balance Sheet 2012 2013 2014
Total Assets CZK mil 1,986 2,055 2,025
Non-Current Assets CZK mil 408 424 414
Current Assets CZK mil 1,553 1,606 1,599
Working Capital CZK mil 861 724 706
Shareholders' Equity CZK mil 961 979 1,016
Liabilities CZK mil 1,025 1,076 1,009
Total Debt CZK mil 198 336 327
Net Debt CZK mil -100 -30.9 -36.0
Ratios 2012 2013 2014
ROE % 7.89 9.22 4.71
ROCE % 5.64 7.40 4.14
Gross Margin % 25.4 27.1 26.8
EBITDA Margin % 7.82 6.25 5.12
EBIT Margin % 5.40 4.38 3.24
Net Margin % 4.24 3.95 2.21
Net Debt/EBITDA -0.727 -0.218 -0.331
Net Debt/Equity -0.104 -0.032 -0.035
Cost of Financing % 5.28 -3.79 3.18
Cash Flow 2012 2013 2014
Total Cash From Operations CZK mil 35.3 75.9 ...
Total Cash From Investing CZK mil -54.7 -58.5 ...
Total Cash From Financing CZK mil 88.1 -92.3 ...
Net Change In Cash CZK mil 68.7 -75.0 ...
Cash Conversion Cycle days 201 125 127
Cash Earnings CZK mil 117 132 86.9
Free Cash Flow CZK mil -19.4 17.3 ...

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summary Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                    
Sales CZK mil       1,731 1,769 1,607 1,762 2,264   ...
Gross Profit CZK mil       621 557 529 448 614   ...
EBIT CZK mil       91.0 41.0 21.0 95.2 99.2   ...
Net Profit CZK mil       81.0 27.0 -4.00 74.7 89.5   ...
ROE %       7.48 2.56 -0.418 7.89 9.22   ...
EBIT Margin %       5.26 2.32 1.31 5.40 4.38   ...
Net Margin %       4.68 1.53 -0.249 4.24 3.95   ...
Employees ... ... ... ... 979 865 873 910   ...
balance sheet                    
Total Assets CZK mil       1,928 1,905 2,033 1,986 2,055   ...
Non-Current Assets CZK mil       430 414 410 408 424   ...
Current Assets CZK mil       1,476 1,475 1,611 1,553 1,606   ...
Shareholders' Equity CZK mil       1,126 982 933 961 979   ...
Liabilities CZK mil       802 923 1,100 1,025 1,076   ...
Non-Current Liabilities CZK mil       16.0 8.00 11.0 12.8 14.9   ...
Current Liabilities CZK mil       450 556 538 479 589   ...
Net Debt/EBITDA       -2.64 -1.30 -2.54 -0.727 -0.218   ...
Net Debt/Equity       -0.350 -0.123 -0.177 -0.104 -0.032   ...
Cost of Financing % ... ...   -18.5 -7.48 -2.47 5.28 -3.79   ...
cash flow                    
Total Cash From Operations CZK mil ...     335 -250 143 35.3 75.9 ... ...
Total Cash From Investing CZK mil ...     -77.0 -27.0 -38.0 -54.7 -58.5 ... ...
Total Cash From Financing CZK mil ...     -67.0 112 -59.0 88.1 -92.3 ... ...
Net Change In Cash CZK mil ...     191 -165 46.0 68.7 -75.0 ... ...
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                    
Sales CZK mil       1,731 1,769 1,607 1,762 2,264   ...
Cost of Goods & Services CZK mil       1,110 1,212 1,078 1,313 1,649   ...
Gross Profit CZK mil       621 557 529 448 614   ...
Staff Cost CZK mil       439 434 405 419 614   ...
Other Cost CZK mil       33.0 30.3 59.4 -108 -142   ...
EBITDA CZK mil       149 93.0 65.0 138 142   ...
Depreciation CZK mil       58.0 52.0 44.0 42.5 42.4   ...
EBIT CZK mil       91.0 41.0 21.0 95.2 99.2   ...
Financing Cost CZK mil       -22.0 -11.0 -5.00 10.6 -10.1   ...
Extraordinary Cost CZK mil       8.00 10.0 11.0 9.92 7.98   ...
Pre-Tax Profit CZK mil       105 42.0 15.0 74.7 101   ...
Tax CZK mil       24.0 15.0 19.0 16.0 19.8   ...
Minorities CZK mil       0 0 0 9.92 7.98   ...
Net Profit CZK mil       81.0 27.0 -4.00 74.7 89.5   ...
Dividends CZK mil ...     102 48.0 63.4 82.5 ... ... ...
growth rates                    
Total Revenue Growth % ...     -19.1 2.20 -9.16 9.62 28.5   ...
Operating Cost Growth % ...     -1.26 -1.69 0 -33.1 52.2    
EBITDA Growth % ...     -7.45 -37.6 -30.1 112 2.81   ...
EBIT Growth % ...     -7.14 -54.9 -48.8 353 4.17   ...
Pre-Tax Profit Growth % ...     26.5 -60.0 -64.3 398 35.7   ...
Net Profit Growth % ...     39.7 -66.7 -115 -1,967 19.8   ...
ratios                    
ROE %       7.48 2.56 -0.418 7.89 9.22   ...
ROCE % ...     6.99 2.36 -0.318 5.64 7.40   ...
Gross Margin %       35.9 31.5 32.9 25.4 27.1   ...
EBITDA Margin %       8.61 5.26 4.04 7.82 6.25   ...
EBIT Margin %       5.26 2.32 1.31 5.40 4.38   ...
Net Margin %       4.68 1.53 -0.249 4.24 3.95   ...
Payout Ratio % ...     126 178 -1,585 111 ... ... ...
Cost of Financing % ... ...   -18.5 -7.48 -2.47 5.28 -3.79   ...
Net Debt/EBITDA       -2.64 -1.30 -2.54 -0.727 -0.218   ...
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
balance sheet                    
Non-Current Assets CZK mil       430 414 410 408 424   ...
Property, Plant & Equipment CZK mil       411 397 366 369 387   ...
Intangible Assets CZK mil       6.00 4.00 6.00 7.72 4.09   ...
Current Assets CZK mil       1,476 1,475 1,611 1,553 1,606   ...
Inventories CZK mil       388 507 463 537 536   ...
Receivables CZK mil       483 480 698 543 587   ...
Cash & Cash Equivalents CZK mil       487 322 369 298 367   ...
Total Assets CZK mil       1,928 1,905 2,033 1,986 2,055   ...
Shareholders' Equity CZK mil       1,126 982 933 961 979   ...
Of Which Minority Interest CZK mil       49.0 51.0 52.0 0 0   ...
Liabilities CZK mil       802 923 1,100 1,025 1,076   ...
Non-Current Liabilities CZK mil       16.0 8.00 11.0 12.8 14.9   ...
Long-Term Debt CZK mil       89.0 57.0 28.0 6.15 24.7   ...
Deferred Tax Liabilities CZK mil       16.0 8.00 11.0 12.8 14.2   ...
Current Liabilities CZK mil       450 556 538 479 589   ...
Short-Term Debt CZK mil       4.00 144 176 192 311   ...
Trade Payables CZK mil       147 267 193 219 398   ...
Provisions CZK mil       82.0 61.0 72.0 15.5 32.7   ...
Equity And Liabilities CZK mil       1,928 1,905 2,033 1,986 2,055   ...
growth rates                    
Total Asset Growth % ...     7.65 -1.19 6.72 -2.33 3.49   ...
Shareholders' Equity Growth % ...     8.37 -12.8 -4.99 2.99 1.91   ...
Net Debt Growth % ...     163 -69.3 36.4 -39.4 -69.1   ...
Total Debt Growth % ... ... ... -35.9 116 1.49 -2.93 69.6   ...
ratios                    
Total Debt CZK mil       93.0 201 204 198 336   ...
Net Debt CZK mil       -394 -121 -165 -100 -30.9   ...
Working Capital CZK mil       724 720 968 861 724   ...
Capital Employed CZK mil       1,154 1,134 1,378 1,269 1,148   ...
Net Debt/Equity       -0.350 -0.123 -0.177 -0.104 -0.032   ...
Cost of Financing % ... ...   -18.5 -7.48 -2.47 5.28 -3.79   ...
cash flow Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
cash flow                    
Net Profit CZK mil       81.0 27.0 -4.00 74.7 89.5   ...
Depreciation CZK mil       58.0 52.0 44.0 42.5 42.4   ...
Non-Cash Items CZK mil ...     232 -333 351 -189 -192 ... ...
Change in Working Capital CZK mil ...     -36.0 4.00 -248 107 136 ... ...
Total Cash From Operations CZK mil ...     335 -250 143 35.3 75.9 ... ...
Capital Expenditures CZK mil ...     -85.0 -41.0 -44.0 -57.0 -59.2 ... ...
Other Investments CZK mil ...     8.00 14.0 6.00 2.27 0.646 ... ...
Total Cash From Investing CZK mil ...     -77.0 -27.0 -38.0 -54.7 -58.5 ... ...
Dividends Paid CZK mil ...     -102 -48.0 -63.4 -82.5 ... ... ...
Issuance Of Debt CZK mil ...     -52.0 108 3.00 -5.98 138 ... ...
Total Cash From Financing CZK mil ...     -67.0 112 -59.0 88.1 -92.3 ... ...
Net Change In Cash CZK mil ...     191 -165 46.0 68.7 -75.0 ... ...
ratios                    
Days Sales Outstanding days       102 99.0 159 113 94.7   ...
Days Sales Of Inventory days       128 153 157 149 119   ...
Days Payable Outstanding days       48.3 80.4 65.3 60.8 88.2   ...
Cash Conversion Cycle days       181 171 250 201 125   ...
Cash Earnings CZK mil       139 79.0 40.0 117 132   ...
Free Cash Flow CZK mil ...     258 -277 105 -19.4 17.3 ... ...
other data Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
other data                    
ROA %       4.36 1.41 -0.203 3.72 4.43   ...
Gross Margin %       35.9 31.5 32.9 25.4 27.1   ...
Employees ... ... ... ... 979 865 873 910   ...
Cost Per Employee USD per month ... ... ... ... 1,932 2,204 2,044 2,876   ...
Cost Per Employee (Local Currency) CZK per month ... ... ... ... 36,917 38,979 39,975 56,260   ...
Staff Cost (As % Of Total Cost) %       26.8 25.1 25.5 25.1 28.4   ...
Effective Tax Rate %       22.9 35.7 127 21.4 19.6   ...
Capital Expenditures (As % of Sales) % ...     4.91 2.32 2.74 3.23 2.62 ... ...
Revenues From Abroad CZK mil ... ... ... 815 855 908 ... ... ... ...
Revenues From Abroad (As % Of Total) % ... ... ... 47.1 48.3 56.5 ... ... ... ...

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May 2014
Statistical Dossier
May 2014
Company Report

ZVVZ a.s. is a Czech Republic-based manufacturer of ventilation equipment. The Company was founded in 1948 and soon became the largest manufacturer of ventilation equipment in Czechoslovakia. Since the beginning of the production program we focused mainly on supplying fans, separators and filters for dust removal and capturing dust particles, and drying equipment for pneumatic conveying of bulk materials. At present, all manufacturing activities under their wing have been taken over by the newly formed company ZVVZ Machinery. The company currently called ZVVZ a.s. provides a holding action for ZVVZ GROUP, Inc. and service activities for companies in the group.

Finance

ZVVZ Group 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 5.81% average margin seen in last five years.

The company netted in 2015 implying ROE of and ROCE of . Again, the average figures were 5.35% and 4.22%, respectively when looking at the previous 5 years.

ZVVZ Group’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 -0.954x seen in the last 5 years.