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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 2,400 · FY2023 9,185 · FY2024 2,918 — 3-yr total 14,503
Lactalis Georgia LLC is the Georgian subsidiary of French dairy major Groupe Lactalis (President, Galbani, Parmalat). Acquired local dairy producer Sante in 2018 and operates milk-collection, processing and packaging — leading positions in Georgia's drinking-milk, yogurt and cheese categories.
Subsidiary of Saaktsio Sazogadoeba B.S.A.International (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 31.2% | 37.4% | 31.0% | 30.3% | 33.1% | 35.6% | 37.9% | 45.0% |
| EBITDA Margin | 15.0% | 17.6% | 12.2% | 7.5% | 11.1% | 4.8% | 4.7% | 6.9% |
| EBITDAR | 3,714 | 4,940 | 4,071 | 2,712 | 5,680 | 10,330 | 12,289 | 20,005 |
| EBITDAR Margin | 15.0% | 17.6% | 12.2% | 7.5% | 11.1% | 4.8% | 4.7% | 6.9% |
| EBIT Margin | 14.9% | 17.4% | 12.2% | 7.4% | 11.0% | 4.7% | 4.5% | 6.6% |
| Net Profit Margin | 11.4% | 13.4% | 12.1% | 6.3% | 11.1% | 4.3% | 3.4% | 6.3% |
| Operating Expense % of Sales | 16.2% | 19.9% | 18.8% | 22.7% | 22.0% | 30.8% | 33.2% | 38.1% |
| Returns | ||||||||
| Return on Assets (ROA) | 26.6% | 36.2% | 22.6% | 11.0% | 18.0% | 13.3% | 12.2% | 19.9% |
| Return on Equity (ROE) | 75.5% | 50.2% | 34.8% | 16.5% | 29.3% | 35.1% | 34.6% | 44.3% |
| ROIC [EBIT / Invested Capital] | 100.9% | 97.7% | 83.6% | 57.2% | 59.3% | N/A | N/A | 187.6% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 28.5% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.1% | 0.2% |
| Debt-to-Equity | 0.81x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.81x | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x | 0.01x |
| Equity-to-Assets | 35.2% | 72.1% | 65.0% | 66.6% | 61.5% | 37.9% | 35.3% | 45.0% |
| Net Debt | -94 | -2,498 | -6,678 | -9,151 | -9,840 | -32,295 | -29,158 | -31,126 |
| Cash & Equivalents | 3,121 | 2,498 | 6,678 | 9,151 | 9,873 | 32,318 | 29,204 | 31,287 |
| Total Debt | 3,027 | N/A | N/A | N/A | 33 | 23 | 46 | 161 |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.52x | 1.83x | 2.83x | 2.98x | 2.50x | 1.58x | 1.50x | 1.77x |
| Quick Ratio | 1.01x | 1.67x | 2.27x | 2.55x | 2.26x | 1.42x | 1.29x | 1.56x |
| Cash Ratio | 0.45x | 0.23x | 1.08x | 1.32x | 0.76x | 0.76x | 0.61x | 0.62x |
| Total Current Assets | 10,447 | 20,037 | 17,573 | 20,576 | 32,283 | 67,480 | 71,177 | 89,581 |
| Total Current Liabilities | 6,888 | 10,933 | 6,209 | 6,915 | 12,936 | 42,800 | 47,605 | 50,486 |
| Inventory | 3,505 | 1,726 | 3,454 | 2,923 | 2,999 | 6,766 | 9,543 | 10,873 |
| Trade Receivables | 3,810 | 6,069 | 7,426 | 8,476 | 18,401 | 28,396 | 32,430 | 47,420 |
| Trade Payables | 3,436 | 1,937 | 6,008 | 6,703 | 11,069 | 41,961 | 45,602 | 48,214 |
| Net Working Capital | 3,559 | 9,105 | 11,364 | 13,661 | 19,348 | 24,679 | 23,573 | 39,095 |
| Net Working Capital % of Revenue | 14.4% | 32.4% | 34.2% | 37.9% | 37.8% | 11.4% | 9.1% | 13.5% |
| Trade Working Capital | 3,879 | 5,857 | 4,872 | 4,697 | 10,332 | -6,800 | -3,629 | 10,080 |
| Trade Working Capital % of Revenue | 15.7% | 20.8% | 14.6% | 13.0% | 20.2% | -3.2% | -1.4% | 3.5% |
| Change in Trade Working Capital | N/A | 1,978 | -986 | -175 | 5,635 | -17,131 | 3,171 | 13,709 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 4.86x | 10.20x | 6.64x | 8.59x | 11.41x | 20.54x | 16.94x | 14.64x |
| Days Inventory Outstanding (DIO) | 75.1 | 35.8 | 54.9 | 42.5 | 32.0 | 17.8 | 21.5 | 24.9 |
| Receivables Turnover | 6.50x | 4.64x | 4.48x | 4.25x | 2.78x | 7.59x | 8.03x | 6.11x |
| Days Sales Outstanding (DSO) | 56.2 | 78.7 | 81.5 | 85.9 | 131.3 | 48.1 | 45.5 | 59.7 |
| Payables Turnover | 4.95x | 9.09x | 3.82x | 3.75x | 3.09x | 3.31x | 3.54x | 3.30x |
| Days Payable Outstanding (DPO) | 73.7 | 40.2 | 95.6 | 97.4 | 118.1 | 110.2 | 103.0 | 110.5 |
| Cash Conversion Cycle | 57.7 days | 74.3 days | 40.9 days | 31.0 days | 45.2 days | -44.4 days | -36.0 days | -25.9 days |
| Asset Turnover | 2.33x | 2.70x | 1.87x | 1.74x | 1.63x | 3.13x | 3.54x | 3.16x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | -484 | 2,528 | 4,232 | 2,473 | 799 | 27,460 | 7,527 | 5,584 |
| Free Cash Flow (OCF − Capex proxy) | -484 | -487 | 4,180 | 2,473 | 722 | 25,741 | 6,080 | 4,895 |
| Cash Conversion (OCF / EBITDA) | -13.0% | 51.2% | 104.0% | 91.2% | 14.1% | 265.8% | 61.3% | 27.9% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 2,400 | 9,185 | 2,918 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 26.1% | 102.5% | 16.0% |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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