Key financials

2022
Income statement *
Revenue 7 875
Net profit 209
EBIT 533
EBIT margin 6.8%
EBITDA 1 110
EBITDA margin 14.1%
Earnings per share (in CZK) 9.61
Financial position
Total assets 7 503
Non-current assets 5 089
Current assets 2 414
Equity 1 288
Non-current liabilities 3 664
Current liabilities 2 551
Cash Flow
from operating activities 923
from investing activities (382)
from financing activities (296)
Cash and cash equivalents at the end of period 626

* adjusted for one-offs: Impairment of CZK 33.1 million in relation to plant Grodzisk Wielkopolski (Fresh & Herbs segment). Advisory costs of CZK 7.9 million (mainly CzechoSlovakia and Adriatic segment). Restructuring costs of CZK 7.0 million (mainly CzechoSlovakia segment). Net costs connected with the closed Grodzisk Wielkopolski plant of CZK 4.6 million (Fresh & Herbs segment). Costs connected with the support provided to parties impacted by the Ukraine war of CZK 1.4 million (CzechoSlovakia segment). Costs arising on integration of acquired subsidiaries of CZK 0.1 million (CzechoSlovakia segment). Release of impairment to items of Property, plant and equipment of CZK 1.0 million (CzechoSlovakia segment). Net gain on sold items of Property, plant and equipment of CZK 3.1 million recognized in all business segments. Gain on terminated derivatives of CZK 126.6 million (CzechoSlovakia segment, in Finance income/(costs)).

2021
Income statement *
Revenue 6 636
Net profit 229
EBIT 519
EBIT margin 7,8%
EBITDA 1 128
EBITDA margin 17.0%
Earnings per share (in CZK) 10.65
Financial position
Total assets 7 236
Non-current assets 5 307
Current assets 1 929
Equity 1 297
Non-current liabilities 3 436
Current liabilities 2 503
Cash Flow
from operating activities 1 142
from investing activities (231)
from financing activities (1,052)
Cash and cash equivalents at the end of period 392

* adjusted for one-offs: Litigations costs of CZK 13.5 million (CzechoSlovakia segment). Net costs connected with the closed Grodzisk Wielkopolski plant of CZK 2.9 million (Fresh & Herbs segment). The impairment of Property, plant and equipment of CZK 2.3 million (mainly Fresh & Herbs segment). Costs connected with the earlier termination of rental contracts of CZK 2.1 million (Fresh & Herbs segment). Restructuring costs of CZK 1.7 million (Fresh & Herbs segment). Costs arising on integration of acquired subsidiaries of CZK 0.7 million (CzechoSlovakia segment). Advisory costs – CzechoSlovakia segment incurred costs of CZK 0.5 million. Release of impairment of CZK 0.5 million (CzechoSlovakia segment) and CZK 29.0 million (Fresh & Herbs segment). Net gain on sold items of Property, plant and equipment of CZK 10.6 million recognized in all business segments (mainly CzechoSlovakia). Net loss from bonds sold of CZK 3.6 million (CzechoSlovakia segment).

2020
Income statement *
Revenue (continuing operations) 6,172
Net profit (continuing operations) 181
EBIT (continuing operations) 410
EBIT margin (continuing operations) 6.6%
EBITDA (continuing operations) 1,030
EBITDA margin (continuing operations) 16.7%
Earnings per share (in CZK) 8.8
Financial position
Total assets 7,537
Non-current assets 5,683
Current assets 1,854
Equity 1,307
Non-current liabilities 3,993
Current liabilities 2,237
Cash Flow
from operating activities 785
from investing activities (1,349)
from financing activities 325
Cash and cash equivalents at the end of period 544

* adjusted for one-offs: The impairment of CZK 35.5 million related to the production of UGO bottles (mainly the production line) and of CZK 8.8 million related to Grodzisk Wielkopolski plant (Fresh & Herbs segment). Restructuring costs (mainly payroll expenses) in CzechoSlovakia segment of CZK 33.0 million and in Fresh & Herbs segment of CZK 4.4 million. Advisory costs – CzechoSlovakia segment incurred costs of CZK 13.9 million. Costs arising on integration of newly acquired subsidiaries of CZK 7.4 million (CzechoSlovakia segment). Costs for support of the parties impacted by COVID-19 of CZK 6.0 million, e.g. #zlasky (CzechoSlovakia segment). Costs connected with the maintenance of closed Grodzisk Wielkopolski plant of CZK 16.2 million (Fresh & Herbs segment). Costs arising on merger between LEROS and Espresso (Fresh & Herbs segment) of CZK 1.5 million. Net gain on sold items of Property, plant and equipment of CZK 9.7 million recognized in all business segments (mainly CzechoSlovakia).

2019
Income statement *
Revenue (continuing operations) 6,410
Net profit (continuing operations) 285
EBIT (continuing operations) 570
EBIT margin (continuing operations) 8.9%
EBITDA (continuing operations) 1,119
EBITDA margin (continuing operations) 17.5%
Earnings per share (in CZK) 14.7
Financial position
Total assets 6,916
Non-current assets 4,394
Current assets 2,522
Equity 1,514
Non-current liabilities 2,843
Current liabilities 2,560
Cash Flow
from operating activities 932
from investing activities (355)
from financing activities (419)
Cash and cash equivalents at the end of period 774

* adjusted for one-offs: costs for maintenance of closed Grodzisk Wielkopolski plant of CZK 20.1 mil. (F&H segment); gain on sold items of PPE (mainly machines) of CZK 6.1 mil. recognized in ADRI segment (tax 19% applies); gain on sold items of PPE of CZK 9.0 mil. recognized in CS segment (tax 19% applies); advisory costs – CS segment incurred costs of CZK 21.5 mil., business category Other incurred costs of CZK 0.3 mil.; severance costs in LEROS (F&H segment) of CZK 2.9 mil.

2018
Income statement *
Revenue 7,119
Net profit 312
EBIT 444
EBIT margin 6.2%
EBITDA 1,011
EBITDA margin 14.2%
Earnings per share (in CZK) 14.2
Financial position
Total assets 6,563
Non-current assets 4,349
Current assets 2,214
Equity 1,524
Non-current liabilities 2,565
Current liabilities 2,474
Cash Flow
from operating activities 821
from investing activities (389)
from financing activities (102)
Cash and cash equivalents at the end of period 619

* adjusted for one-offs: severance costs of CZK 3.5 mil. in Croatia arising from the change in the Trade Union agreement, severance costs related to the acquisition of CZK 1.5 mil. in LEROS, loss of CZK 0.3 mil. in Czechia from the sale of fixed assets, costs of CZK 23.8 mil. connected with sale of Bielsk Podlaski plant and maintenance costs in Poland, profit on sale of production lines in Poland of CZK 4.6 mil., net costs connected with the maintenance of closed Grodzisk Wielkopolski plant, release of provision and other restructuring costs of CZK 1.7 mil., acquisition advisory costs in Czechia of CZK 23.9 mil. and CZK 2.6 mil. in Slovakia, impairment costs in Polish investment of CZK 353.1 mil

2017
Income statement *
Revenue 6,963
Net profit 231
EBIT 385
EBIT margin 5.5%
EBITDA 950
EBITDA margin 13.7%
Earnings per share (in CZK) 10.7
Financial position
Total assets 6,579
Non-current assets 4,786
Current assets 1,793
Equity 1,974
Non-current liabilities 1,856
Current liabilities 2,749
Cash Flow
from operating activities 720
from investing activities (469)
from financing activities (1,353)
Cash and cash equivalents at the end of period 290

* adjusted for one-offs: net operating income in Slovenia from the sale of warehouse of CZK 2.9 mil., costs connected with SAP implementation of CZK 6.3 mil. (in Slovenian segment), costs connected with the liquidation of an inactive subsidiary in Sicheldorfer of CZK 1.8 mil., revenue from the sale of building of CZK 11.6 mil. (in Slovenian segment), net operating income from the sale of production lines in Poland of CZK 37.8 mil., costs of CZK 3.9 mil. connected with maintenance of Bielsk Podlaski plant and release of provision (in Polish segment), costs of CZK 43.8 mil. connected with the closure of Grodzisk (in Polish segment), net operating income of CZK 41.6 mil. from compensation and release of provision connected with prior years qualitative product complaints (in Polish segment), impairment costs of CZK 112.4 mil. (in Polish segment), Czech operation incurred acquisition costs of CZK 14.5 mil., costs of CZK 4.4 mil. connected with closing “Na grilu” operation in Ugo.

2016
Income statement *
Revenue 6,999
Net profit 342
EBIT 541
EBIT margin 7.7%
EBITDA 1,064
EBITDA margin 15.2%
Earnings per share (in CZK) 15.5
Financial position
Total assets 8,020
Non-current assets 4,916
Current assets 3,104
Equity 2,739
Non-current liabilities 1,580
Current liabilities 3,700
Cash Flow
from operating activities 655
from investing activities (749)
from financing activities (420)
Cash and cash equivalents at the end of period 1,421

* adjusted for one-offs: Closure of Bielsk and reorganization costs (CZK 36 mil.), merger, acquisition and due diligence costs (CZK 47 mil.), income from insurance connected with qualitative product complaints and release of provision for legal case (CZK 29 mil.), costs of WSE delisting (CZK 3 mil.), impairment costs in Polish operation (CZK 70 mil.) and in Russian associate (CZK 126 mil.), assets impairments (CZK 24 mil.).

2015
Income statement *
Revenue 7,191
Net profit 374
EBIT 589
EBIT margin 8.2%
EBITDA 1,103
EBITDA margin 15.3%
Earnings per share (in CZK) 16.9
Financial position
Total assets 8,491
Non-current assets 5,096
Current assets 3,395
Equity 2,870
Non-current liabilities 1,751
Current liabilities 3,870
Cash Flow
from operating activities 935
from investing activities (1,137)
from financing activities 1,565
Cash and cash equivalents at the end of period 1,940

* adjusted for one-offs: net costs of CZK 102.6 million relating to the qualitative product complaints connected with the poor quality of packaging material; costs of CZK 11.8 million relating to group reorganisation advisory and further costs of CZK 13.4 million relating to IPO promotion; costs of CZK 9.1 million relating to advisory for WAD Group acquisition; costs of CZK 27.3 million relating to advisory for Radenska acquisition; costs of CZK 8.3 million relating mainly to implementation of the Group IT standards; released the provision for legal case of CZK 17.7 million.

2014
Income statement *
Revenue 6,275
Net profit 290
EBIT 443
EBIT margin 7.1%
EBITDA 915
EBITDA margin 14.6%
Earnings per share (in CZK) 11.1
Financial position
Total assets 5,960
Non-current assets 4,172
Current assets 1,788
Equity 2,577
Non-current liabilities 1,030
Current liabilities 2,353
Cash Flow
from operating activities 962
from investing activities (242)
from financing activities (352)
Cash and cash equivalents at the end of period 569

 

2013
Income statement *
Revenue 6,288
Net profit 214
EBIT 349
EBIT margin 5.5%
EBITDA 800
EBITDA margin 12.7%
Earnings per share (in CZK) 8.2
Financial position
Total assets 5,867
Non-current assets 4,133
Current assets 1,734
Equity 2,520
Non-current liabilities 986
Current liabilities 2,361
Cash Flow
from operating activities 687
from investing activities (195)
from financing activities (509)
Cash and cash equivalents at the end of period 202

* adjusted for one-offs: impairment of goodwill, brands and fixed assets relating to Polish operations of CZK 879 million, significant profit on disposal of fixed assets of CZK 19 million, sale of subsidiary Santa-Trans.SK of CZK 13 million, release of deferred tax asset of CZK 132 million and tax expense relating to sale of fixed assets of CZK 0.7 million.

2012
Income statement *
Revenue 6,146
Net profit 184
EBIT 337
EBIT margin 5.5%
EBITDA 781
EBITDA margin 12.7%
Earnings per share (in CZK) 7.0
Financial position
Total assets 7,765
Non-current assets 4,819
Current assets 2,946
Equity 3,315
Non-current liabilities 793
Current liabilities 3,658
Cash Flow
from operating activities 1111
from investing activities (398)
from financing activities (797)
Cash and cash equivalents at the end of period 220

* adjusted for one-off impairment of fixed assets of CZK 10 million.