Key financials of the Kofola group

2016

Income statement *

Income statement 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

* 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.).

Financial position

Total assets 8,020
Total 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  

2015

Income statement *

Income statement 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

* 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.

Financial position

Total assets 8,491
Total 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  

2014

Income statement

Income statement 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
Total 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 *

Income statement 6,288
Net profit 214
EBIT 349
EBIT margin 5.5 %
EBITDA 800
EBITDA margin 12.7 %
Earnings per share (in CZK) 8.2

* 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.

Financial position

Total assets 5,867
Total 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  

2012

Income statement *

Income statement 6,146
Net profit 184
EBIT 337
EBIT margin 5.5 %
EBITDA 781
EBITDA margin 12.7 %
Earnings per share (in CZK) 7.0

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

Financial position

Total assets 7,765
Total 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