Back to Top

6 Historical summary

(in millions of euro, unless stated otherwise)

  2016 2015 2014 2013 2012 2011 2010 2009
 
Net turnover 1,048.2 986.4 882.4 849.0 772.5 628.5 577.2 572.6
Personnel expenses 121.8 122.9 107.4 106.6 101.6 80.6 76.6 73.5
Operating profit (EBIT) 60.4 58.5 44.1 33.9 32.7 34.8 46.4 49.9
Financial income and expenses -8.3 -9.1 -8.8 -11.7 -6.9 -7.8 -4.2 -5.5
Taxes 20.4 16.2 9.3 3.7 2.6 3.1 5.8 11.8
Net profit 32.3 32.3 26.5 19.0 23.3 40.3 36.4 32.7
Depreciation 10.3 10.1 8.9 8.7 8.2 7.4 7.5 7.4
Free cash flow 1) 61.3 -31.2 38.3 -30.9 -19.9 16.9 -1.1 27.1
Investments in property, plant and equipment 11.6 10.8 10.6 6.8 22.8 11.2 6.2 6.7
Balance sheet total 6) 703.4 731.7 631.8 582.1 589.7 434.0 383.9 337.3
Property, plant and equipment 71.7 69.8 68.1 65.1 71.2 64.1 59.6 61.2
Capital employed 2) 494.1 532.3 461.2 449.6 407.5 349.2 301.2 258.7
Group equity 319.4 305.9 281.1 240.0 239.8 214.6 180.4 151.8
Net debt 147.3 200.0 152.3 183.5 143.8 115.7 100.5 84.8
Provisions 33.6 33.2 34.0 32.7 28.9 22.5 23.3 33.1
 
Average number of employees (FTEs) 3,124 3,371 2,796 2,926 2,776 2,234 1,877 1,787
Number of issued shares at year-end 25,834,236 25,270,327 24,864,956 24,402,849 23,863,432 21,094,760 20,609,012 20,034,168
Weighted average number of issued shares 25,623,405 25,116,249 24,685,681 24,195,467 22,897,471 20,905,497 20,385,290 19,856,130
Market capitalization 566.0 532.4 338.2 327.0 317.6 297.4 389.5 292.2
 
Data per share 3)(in euros)
Group equity 12.46 11.93 10.97 9.39 9.70 9.18 7.76 6.54
Free cash flow 2.39 -1.21 1.50 -1.21 -0.80 0.72 -0.05 1.17
Net profit 1.26 1.26 1.03 0.74 0.94 1.72 1.57 1.41
Dividend 4) 0.72 0.71 0.59 0.52 0.69 0.82 0.75 0.68
Closing price of share 21.91 21.07 13.60 13.40 13.31 14.10 18.90 14.59
 
Ratios (in %)
ROCE 12.2 11.0 9.6 7.5 8.0 10.0 15.4 19.3
ROE 10.1 10.6 9.4 7.9 9.7 18.8 20.2 21.6
Operating profit/turnover 5.8 5.9 5.0 4.0 4.2 5.5 8.0 8.7
Net profit/turnover 3.1 3.3 3.0 2.2 3.0 6.4 6.3 5.7
Free cash flow/turnover 5.8 -3.2 4.3 -3.6 -2.6 2.7 7.6 7.0
Balance sheet total/turnover 6) 67.1 74.2 71.6 68.6 76.3 69.1 66.5 58.9
Solvency (based on group capital) 6) 45.4 41.8 44.5 41.2 40.7 49.5 47.0 45.0
Net debt/ EBITDA 5) 2.1 2.8 2.8 4.0 3.3 1.9 1.9 1.5
Pay-out ratio 57.1 56.0 56.8 70.0 74.1 47.8 47.9 47.9
Dividend yield (including dilution 3)) 3.3 3.3 4.3 3.9 5.2 5.8 4.0 4.6
1) Free cash flow is defined as the balance of the net cash flow from operating- and investment activities.
2) Capital employed is the balance sheet total minus cash and cash equivalents and current non-interest bearing obligations (including current part of provisions).
3) The data per share are calculated based on the weighted average number of issued shares. The data per share for the years 2009-2015 have been adjusted for the dilution resulting from the issue of stock dividend charged to the share premium reserve in accordance with the International Financial Reporting Standards (IAS33). The adjustment factor that was applied in the reporting year for 2014 and for previous years is 0.97922.
4) The dividend per share relating to the financial year 2016 concerns the proposal to be submitted to the General Meeting of Shareholders.
5) EBITDA is based on the operating profit adjusted with one-off items.
6) Balance sheet total and solvency are determined after offsetting the balances in the notional cash pooling arrangements. For a specification of these balances a reference is made to note 14 of the consolidated financial statements.