6.1
Historical overview

in millions of euro, unless stated otherwise

  2021 2020 2019 2018 2017
Result
Net turnover 1) 1,377.1 1,296.5 1,111.0 1,033.3 1,068.5
Operating profit (EBIT) 1) 110.1 74.7 60.0 51.4 38.0
Depreciation, amortisation and impairments 1) 21.0 24.9 26.2 11.3 11.1
EBITDA 1) 131.0 99.7 86.1 62.7 49.1
Net finance cost 1) -23.7 -12.8 -9.3 -7.6 -8.2
Taxes 1) 21.5 -1.9 -8.2 15.7 19.7
Result after taxes from discontinued operations     -56.5 -18.8  
Net profit 70.0 64.8 2.8 20.3 10.5
           
Balance sheet
Balance sheet total 1,059.7 879.6 859.2 761.9 705.3
Property, plant and equipment 67.0 66.2 64.4 66.5 69.4
Average capital employed 2) 555.9 511.3 528.2 476.9 474.3
Group equity 456.1 376.0 323.2 322.4 299.3
Net debt 216.9 79.2 265.3 151.8 161.0
Net debt adjusted 3) 186.7 50.2 235.1 151.8 161.0
           
Data per share (in euros)
Group equity 17.00 14.03 12.09 12.18 11.47
Net profit4) 2.61 2.42 0.10 0.76 0.39
Dividend 5) - - - 0.50 0.50
Closing price of share 48.00 25.85 25.80 18.84 23.43

  2021 2020 2019 2018 2017
Ratios (in %)
EBIT/Average capital employed 1) 19.8 14.6 11.4 10.8 8.0
Operating profit/turnover 1) 8.0 5.8 5.4 5.0 3.6
Net profit/turnover 1) 5.1 5.0 0.3 2.0 1.0
Solvency (based on group capital) 43.0 42.7 37.6 42.3 42.4
Net debt/EBITDA 1) 1.7 0.8 3.1 3.4 3.3
Working capital/turnover 1) 6) 33.1 19.4 32.4 28.0 29.5
           
Other information
Average number of employees (fte) 1) 3,495 3,139 3,410 3,227 3,088
Number of issued shares at year-end 26,836,619 26,805,031 26,802,751 26,597,354 26,255,179
Weighted average number of issued shares 26,829,592 26,804,632 26,726,268 26,474,308 26,101,222
Market capitalization 1,288.2 692.9 691.5 501.1 615.2

 

Change layout to 2 columns

1) The 2018 figure has been restated due to the classification of North America as a discontinued operation (see Annual Report 2019 note 6.16.1).

2) Capital employed is the sum of Goodwill and 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.

3) Net debt adjusted is the reported net debt adjusted for the IFRS 16 impact.

 

4) The net profit per share is calculated based on the weighted average number of issued shares. The net profit per share for the years 2015-2019 has 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 2020 and for previous years is 1.00000.

5) The dividend per share relating to the financial year 2021 concerns the proposal to be submitted to the General Meeting of Shareholders.

6) 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.