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Egypt
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Olympic Group for Financial Investments (اوليمبك جروب للإستثمارات المالية )

Main Activities: Management of Companies and Enterprises - Household Appliance Manufacturing

Secondary Activities: Electronics and Appliance Stores - Real Estate

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Company Information

Full name
Olympic Group for Financial Investments (اوليمبك جروب للإستثمارات المالية )

Headquarters
P.O. Box 11511, Olympic Group Building, Ramsis Street Extension, Nasr City, Cairo.; Cairo; Greater Cairo
Status: Listed
Legal Form: Joint Stock Company
Operational Status: Operational
ISIN CODE : EGS69031C010
Financial Auditors: Ahmed Sultan & Co. (2012)
Incorporation Date: January 1, 1995
Total Employees: 7,800

Tel: 20 224880880

Company Description

Olympic Group was formed as a holding company for a number of subsidiaries whose principal activity is to manufacture and distribute household appliances and related industries in Egypt. Olympic Group is also engaged in real estate activities.
Although its products are available throughout the country, Olympic Group has its own Olympic Stores, in Egypt as well as in Saudi Arabia. In 2003, Olympic bought the licensing rights for all Sony products in Egypt.
It was listed in Cairo and Alexandria
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Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2010, total net operating revenues increased with 9.50%, from EGP 2,628,776 thousands to EGP 2,878,564 thousands. Operating result decreased from EGP 195,684 thousands to EGP 162,512 thousands which means -16.95% change. The results of the period decreased -18.12% reaching EGP 127,812 thousands at the end of the period against EGP 156,099 thousands last year. Return on equity (Net income/Total equity) went from 11.61% to 9.37%, the Return On Asset (Net income / Total Asset) went from 6.04% to 3.98% and the Net Profit Margin (Net Income/Net Sales) went from 5.94% to 4.44% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 135.33% compared to 92.20% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.50 to 1.34 when compared to the previous year.

Key Executives

Mr.Ahmad Al Bakry Chairman
Mr.Medhat Mustafa Kamel Vice President
Mr.Abdul Fattah Abdul Qader Sallam BOD - Board of Directors
Mr.Mahmoud Mohammd Abdul Hakim Khattab BOD - Board of Directors
Mr.Samer Saad Alddin Abdullah Sallam BOD - Board of Directors

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Balance Sheet

Total Assets

3,209,781

2,583,356

Current Assets

1,845,859

1,655,197

Total Liabilities

1,845,860

1,239,244

Shareholders Equity

1,363,921

1,344,112

Current Liabilities

1,379,244

1,107,148

* All the accounts are in EGP.
Income Statement

Total Operating Revenue

2,878,564

2,628,776

Operational Profit (Loss)

162,512

195,684

Net Profit (Loss)

127,812

156,099

* All the accounts are in EGP.
Ratios
Profitability Ratios

Return on Assets (ROA)

3.98%

6.04%

Annualised Return on Assets (ROA)

3.98%

6.04%

Return on Equity (ROE)

9.37%

11.61%

Annualised Return on Equity (ROE)

9.51%

12.87%

Return on Sales (ROS)

4.44%

5.94%

Return on Capital

8.88%

13.26%

Gross Profit Margin

176.84%

174.37%

Operating Profit Margin

5.65%

7.44%

Efficiency Ratios

Accounts Receivable Turnover

6.86x

6.60x

Inventory Turnover

3.74x

4.20x

Current asset turnover

1.56x

1.59x

Fixed-asset turnover

2.11x

2.83x

Asset Turnover

0.90x

1.02x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

162,512

195,684

EBITDA

162,512

213,323

Enterprise value

4,202,189

2,743,298

Enterprise Value / EBITDA

25.86

12.86

Bookvalue (BV)

1,363,921

1,344,112

Net Cash

-1,727,067

-1,105,633

Liquidity Ratios

Current Ratio

133.83%

149.5%

Quick ratio

78.01%

92.97%

Doom's day ratio

8.61%

12.07%

Leverage Ratios

Leverage ratio

235.33%

192.2%

Debt to equity

135.33%

92.2%

Debt to total assets

57.51%

47.97%

Long Term Debt to Capital

25.49%

8.95%

Market ratios

Market Capitalization/EBITDA

15.23

7.68

Market Cap / Net cash

-1.43

-1.48

Trend Ratios

Revenue Trend

109.5%

97.11%

Net Income Trend

81.88%

84.96%

Operating Income Trend

83.05%