10.3
Historical overview and agenda 2020

(in millions of euro, unless stated otherwise)

  2019 2018 2017 2016 2015
 
Result
Net turnover 1) 1,111.0 1,033.3 1,068.5 1,048.2 986.4
Operating profit (EBIT) 1) 60.0 51.4 38.0 60.4 58.5
Depreciation, amortization and impairments 1) 26.2 11.3 11.1 10.3 10.1
Net finance cost 1) -9.3 -7.6 -8.2 -8.3 -9.1
Taxes 1) -8.2 15.7 19.7 20.4 16.2
Result after taxes from discontinued operations -56.5 -18.8      
Net profit 2.8 20.3 10.5 32.3 32.3
 
Balance sheet
Balance sheet total 2) 859.2 761.9 705.3 703.4 731.7
Property, plant and equipment 64.4 66.5 69.4 71.7 69.8
Average capital employed 3) 528.2 476.9 474.3 494.5 475.5
Group equity 323.2 322.4 299.3 319.4 305.9
Net debt 265.3 151.8 161.0 147.3 200.0
Net debt adjusted 4) 235.1 151.8 161.0 147.3 200.0
 
Data per share 5)(in euros)
Group equity 12.09 12.09 11.25 12.04 11.52
Net profit 0.10 0.76 0.39 1.22 1.22
Dividend 6) 0.30 0.50 0.49 0.70 0.68
Closing price of share 25.80 18.84 23.43 21.91 21.07
 
Ratios (in %)
EBIT/Average capital employed 1) 11.4 10.8 7.8 12.2 11.0
Operating profit/turnover 1) 5.4 5.0 3.6 5.8 5.9
Net profit/turnover 1) 0.3 2.0 1.0 3.1 3.3
Solvency (based on group capital) 2) 37.6 42.3 42.4 45.4 41.8
Net debt/EBITDA 1) 3.1 3.4 3.3 2.1 2.9
Working capital/turnover 1) 7) 32.4 28.0 29.5 29.2 34.2
 
Other information
Average number of employees (fte) 1) 3,410 3,227 3,088 3,124 3,371
Number of issued shares at year-end 26,802,751 26,597,354 26,255,179 25,834,236 25,270,327
Weighted average number of issued shares 26,726,268 26,474,308 26,101,222 25,623,405 25,116,249
Market capitalization 691.5 501.1 615.2 566.0 532.4
 
1) The 2018 figure has been restated due to the classification of North America as a discontinued operation (see note 6.16.1).
2) Balance sheet total and solvency 2016 are determined after offsetting the balances in the notional cash pooling arrangements.
3) Capital employed is the sum of Goodwill, Other intangible fixed assets, Property, plant and equipment, Right-of-use assets, Inventories, Trade and other current receivables and Trade payables and other current liabilities.
4) Net debt adjusted is the reported net debt adjusted for the IFRS 16 impact
5) The data per share are calculated based on the weighted average number of issued shares. The data per share for the years 2015-2018 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 2018 and for previous years is 0.99266.
6) The dividend per share relating to the financial year 2019 concerns the proposal to be submitted to the General Meeting of Shareholders.
7) The turnover 2018 is excluding US business (see note 1), Working capital 2018 is including US business, the ratio both excluding US business would be 26,3.

Download table Expand


 

Financial agenda 2020