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Five years in figures

Millions of euros

2019

2018

2017

2016

2015

Continuing operations*

     

Net sales

976

897

892

911

918

Operating result

61

88

122

127

109

Adjusted EBITDA 1

146

132

164

170

150

Result after taxes

26

54

85

104

80

Earnings per ordinary share in euros 2

0.44

0.93

1.46

1.74

1.29

Diluted earnings per ordinary share in euros 2

0.43

0.92

1.44

1.72

1.28

Cash flow from operating activities

114

100

118

123

110

Cash flow from operating activities per ordinary share, in euros 2**

1.94

1.70

2.03

2.06

1.79

Depreciation/amortization (in)tangible fixed assets

62

42

45

50

46

Capital expenditure on (in)tangible fixed assets

83

58

49

51

68

Adjusted EBITDA margin % 3

14.9

14.7

18.4

18.7

16.4

Result after taxes/net sales %

2.6

6.1

9.5

11.4

8.7

      

Total operations

     

Statement of financial position

     

Non-current assets

719

616

498

467

470

Current assets

327

303

295

316

246

Non-interest-bearing current liabilities

161

140

129

147

135

Net debt position 4

303

203

162

98

62

Provisions

28

28

24

39

31

Equity

529

520

489

499

488

      

Key data per ordinary share

     

Number of issued ordinary shares

59,242,792

59,242,792

59,242,792

57,862,037

59,904,209

Number of ordinary shares with dividend rights

58,819,590

58,764,635

58,620,564

57,365,098

59,420,763

Weighted average number of outstanding ordinary shares **

58,819,590

58,698,602

58,097,383

58,433,493

60,380,489

Price as at 31 December

28.12

24.46

27.00

25.43

22.32

Highest price in calendar year

29.96

29.74

29.39

25.65

22.91

Lowest price in calendar year

24.26

23.3

23.15

17.92

12.7

Market capitalization as at 31 December

1,654

1,437

1,583

1,459

1,326

Earnings in euros **

0.44

0.93

1.46

1.74

1.29

Diluted earnings in euros **

0.43

0.92

1.44

1.72

1.28

      

Other key data

     

Cash flow from operating activities

114

100

118

123

110

Depreciation/amortization (in)tangible fixed assets

62

42

45

50

46

Capital expenditure on (in)tangible fixed assets

83

58

49

51

68

Number of employees at closing date (FTE)

2,138

2,040

1,794

1,684

1,673

Number of issued financing preference shares

   

2,279,781

2,403,781

Equity per share in euros 5

9.00

8.85

8.35

8.36

7.89

Regular dividend in euros per ordinary share (reporting year)

0.56

0.56

0.56

0.56

0.43

Additional dividend in euros per ordinary share (reporting year)

   

0.44

0.42

      

Ratios

     

Net debt position/EBITDA (for covenant purposes) 6

2.0

1.6

1.0

0.6

0.4

Interest cover 7

22.2

25.6

24.4

23.0

25.5

Balance sheet total : equity

1:0.5

1:0.5

1:0.6

1:0.6

1:0.6

Net debt position : equity

1:1.7

1:2.6

1:3

1:5.1

1:7.9

Current assets : current liabilities

1:0.9

1:0.7

1:0.6

1:0.5

1:0.4

* The previous years have not been restated for discontinued operations later on.

** Only the preceding year has been restated for stock dividend. 

  • 1 Adjusted EBITDA is the operating result before depreciation, amortization, impairment of (in)tangible fixed assets and after adjustments.
  • 2 Per ordinary share in euros after deduction of dividend on financing preference shares.
  • 3 Adjusted EBITDA margin % is adjusted EBITDA as defined above divided by net sales x 100.
  • 4 Net debt position comprises interest-bearing debts less cash and cash equivalents, including third-party guarantees which are required to be included under the debt covenants.
  • 5 Equity per share is equity divided by the number of shares with dividend rights.
  • 6 Covenant EBITDA is adjusted EBITDA as defined above, increased by cash dividend of joint ventures received and annualization effect of newly acquired subsidiaries.
  • 7 Interest cover is covenant EBITDA as defined above divided by net interest income and charges.