Key figures

Income Statement

in €000s 2012 2013 2014 2015
2016
Sales 327.1 294.4 313.4 308.7 293.2
Ebitda 19.3 17.5 15.1 15.1 11.5
Income from ordinary activities 8.3 8.3 5.7 4.8 2.8
Operating income 8.3 8.3 -12.4 4.6 -17.2
Financial cost 0.0 0.0 -0.1 -0.2 -0.1
Ordinary income before taxes 8.3 8.3 12.4 4.6 -17.3
Taxes -4.3 -3.3 -1.1 -1.3 -0.7
Net group profit share 4.0 5.1 -13.6 3.2 -18.0
Cash flow 15.4 14.1 11.9 12.3 9.3
Free cash flow 0.8 2.9 -0.3 5.5 1.6

Balance sheet

In €000s

2012

2013 2014 2015
2016

Balance sheet total

162.6

159.8 166.0 164.1 145.7

Shareholders equity

83.2

88.4 74.3 78.4 59.9

Gross debt

12.5

11.6 20.0 18.8 21.8

Net debt

11.7

9.4 22.7 18.8 21.3

Non current assets

141.9

137.9 143.8 143.3 125.4

Capital expenditure

11.3

6.0 14.5 5.1 5.1

Variation in working capital requirements

-1.8

5.2 2.4 6.6 7.9

Working capital requirements

-37.6

-33.8 -27.2 -22.6 -15.2

Variation in WCR

3.8

6.6 1.4 4.6 6.8

Cash position

0.7

2.2 -2.0 -0.1 0.5

Change in cash position

-3.7

1.4 -4.2 2.0 0.5

  Ratios

 

2012

2013 2014 2015
2016

Net earnings per share (in €)

0.39

0.50 -1.33 0.32 -1.77

Cash flow per share (in €)

1.51

1.38 1.17 1.21 0.91

Net assets per share (in €)

8.18

8.69 7.30 7.71 5.89

Coverage of financial expense (1) (x times)

42.6

59.5 23.0 17.0 14.9

Leverage ratio (2) (x times)

0.61

0.54 1.50 1.25 1.86

Gearing (3)

14 %

11 % 30 % 24 % 35 %

Current operating margin (4)

2.5 %

2.8 % 1.8 % 1.5 % 0.9 %

Net margin (5)

1.2 %

1.7 % -4.3 % 1.0 % -6.1 %

Return on equity (6)

5.0 %

6.1 % 5.1 % 4.3 % 3.4 %

Return on assets (7)

5.1 %

5.2 % 3.4 % 2.9 % 1.9 %

Asset turnover (8)(x times)

2.0

1.8 1.9 1.9 2.0
Return on capital employed (9) (ROCE) 3.6 % 4.5 % 3.9 % 3.1 % 2.2 %

Workforce

3 565

3 296 3 590 3 530 3 463

(1) Current operating income/financial expenses
(2) Net bank debt/gross operating income
(3) Net debt/equity capital
(4) Current operating income/sales

(5) Net income/sales
(6) Net income/equity capital (before result)

(7) Operating income/total assets
(8) Sales/total assets
(9) Operating income after tax/net fixed assets + WCR