RESULT (in EUR million) 2015 2014 2013 2012 2011
Revenue 2,475 2,201 2,040 2,025 1,937
Added-value 1,521 1,332 1,223 1,197 1,146
Operating profit (EBITDA) 367 332 305 296 279
Operating profit (EBITA) 272 247 225 219 209
Net profit before amortisation 190 168 152 152 146
Depreciation 95 85 80 77 71
Cash flow* (net profit + depreciation) 286 253 232 229 216
Free cash flow (before interest and tax) 243 222 175 168 169
BALANCE SHEET (in EUR million) 2015 2014 2013 2012 2011
Intangible assets 1,050 900 691 686 701
Property. plant and equipment 736 726 616 592 565
Capital expenditure 96 85 106 104 84
Net working capital 461 427 373 370 345
Total equity 1,285 1,163 1,054 950 859
Net debt 718 690 480 542 606
Capital employed 2,002 1,854 1,535 1,492 1,464
Total assets 2,741 2,552 1,996 1,965 1,932
EMPLOYEES 2015 2014 2013 2012 2011
Number of employees at year-end 14,709 14,492 12,311 12,048 12,282
RATIOS 2015 2014 2013 2012 2011
Total equity as a % of total assets 46.9 45.6 52.8 48.3 44.4
Leverage ratio 1.8 1.9 1.6 1.8 2.0
EBITA as a % of revenue 11.0 11.2 11.0 10.8 10.8
Free cash flow conversion ratio 66.1 66.9 57.6 56.8 60.4
Return on capital employed (ROCE) 14.3 14.1 14.6 14.7 14.3
Added-value as a % of revenue 61.5 60.5 60.0 59.1 59.1
EBITDA as a % of revenue 14.8 15.1 14.9 14.6 14.4
Net profit* as a % of revenue 7.7 7.6 7.4 7.5 7.5
Net debt / total equity 0.6 0.6 0.5 0.6 0.7
Interest cover ratio 21.8 22.6 19.0 14.4 12.9
SHARES ISSUED (in millions) 2015 2014 2013 2012 2011
Ordinary shares (average) 110.6 110.6 110.1 108.9 107.5
Ordinary shares (at year-end) 110.6 110.6 110.6 109.4 108.1
FIGURES PER SHARE (in EUR) 2015 2014 2013 2012 2011
Cash flow* 2.58 2.29 2.10 2.10 2.01
Net profit* 1.72 1.52 1.38 1.40 1.36
Dividend 0.52 0.46 0.41 0.35 0.34
Share price at year-end 31.79 24.54 23.18 15.70 12.98
KEY INFORMATION CONCERNING THE SHARE 2015 2014 2013 2012 2011
Closing price at year-end (in EUR) 31.79 24.54 23.18 15.70 12.98
Highest price of the year (in EUR million) 31.92 25.90 23.40 15.95 17.28
Lowest price of the year (in EUR million) 22.81 18.27 15.56 11.40 10.10
Average daily trading (in EUR thousands) 9,494 4,345 3,344 3,524 5,018
Average daily trading (in EUR thousands of shares) 337 191 179 252 366
Number of shares issued as at year-end (in millions) 110.6 110.6 110.6 109.4 108.1
Average number of shares issued (in millions) 110.6 110.6 110.1 108.9 107.5
Market capitalisation at year-end (in EUR million) 3,515 2,713 2,563 1,718 1,403
Earnings per share before amortisation (in EUR) 1.72 1.52 1.38 1.40 1.36
Dividend per share (in EUR) 0.52 0.46 0.41 0.35 0.34
Price/earnings ratio at year-end 18.5 16.1 16.8 11.2 9.5

Revenue

(in EUR million)

1,937
2011
2,025
2012
2,040
2013
2,201
2014
2,475
2015
2,475
+12%

Operating profit (EBITA)

(in EUR million)

209
2011
219
2012
225
2013
247
2014
272
2015
272
+10%


Net profit (before amortisation)

(in EUR million)

146
2011
152
2012
152
2013
168
2014
190
2015
190
+13%

Earnings per share (before amortisation)

(in EUR)

1.36
2011
1.40
2012
1.38
2013
1.52
2014
1.72
2015
1.72
+13%


Free cash flow

(in EUR million)

169
2011
168
2012
175
2013
222
2014
243
2015
243
+9%

Return on capital employed (ROCE)

(in %)

14.3
2011
14.7
2012
14.6
2013
14.1
2014
14.3
2015
14.3
+1%