Investors

Key figures

RESULT (in EUR million) 2016 2015 2014 2013 2012
Revenue 2,522 2,475 2,201 2,040 2,025
Added-value 1,569 1,521 1,332 1,223 1,197
Operating profit (EBITDA) 392 367 332 305 296
Operating profit (EBITA) 298 272 247 225 219
Net profit before amortisation 212 190 168 152 152
Depreciation 94 95 85 80 77
Cash flow* (net profit + depreciation) 306 286 253 232 229
Free cash flow (before interest and tax) 273 243 222 175 168
BALANCE SHEET (in EUR million) 2016 2015 2014 2013 2012
Intangible assets 1,128 1,050 900 691 686
Property. plant and equipment 762 736 726 616 592
Capital expenditure 106 96 85 106 104
Net working capital 480 461 427 373 370
Total equity 1,391 1,285 1,163 1,054 950
Net debt 713 718 690 480 542
Capital employed 2,104 2,002 1,854 1,535 1,492
Total assets 2,859 2,741 2,552 1,996 1,965
EMPLOYEES 2016 2015 2014 2013 2012
Number of employees at year-end 15,338 14,709 14,492 12,311 12,048
RATIOS 2016 2015 2014 2013 2012
Total equity as a % of total assets 48.7 46.9 45.6 52.8 48.3
Leverage ratio 1.7 1.8 1.9 1.6 1.8
EBITA as a % of revenue 11.8 11.0 11.2 11.0 10.8
Free cash flow conversion ratio 69.8 66.1 66.9 57.6 56.8
Return on capital employed (ROCE) 14.7 14.3 14.1 14.6 14.7
Added-value as a % of revenue 62.2 61.5 60.5 60.0 59.1
EBITDA as a % of revenue 15.5 14.8 15.1 14.9 14.6
Net profit* as a % of revenue 8.4 7.7 7.6 7.4 7.5
Net debt / total equity 0.5 0.6 0.6 0.5 0.6
Interest cover ratio 24.6 21.8 22.6 19.0 14.4
SHARES ISSUED (in millions) 2016 2015 2014 2013 2012
Ordinary shares (average) 110.6 110.6 110.6 110.1 108.9
Ordinary shares (at year-end) 110.6 110.6 110.6 110.6 109.4
FIGURES PER SHARE (in EUR) 2016 2015 2014 2013 2012
Cash flow* 2.77 2.58 2.29 2.10 2.10
Net profit* 1.92 1.72 1.52 1.38 1.40
Dividend 0.58 0.52 0.46 0.41 0.35
Share price at year-end 30.82 31.79 24.54 23.18 15.70
KEY INFORMATION CONCERNING THE SHARE 2016 2015 2014 2013 2012
Closing price at year-end (in EUR) 30.82 31.79 24.54 23.18 15.70
Highest price of the year (in EUR million) 32.00 31.92 25.90 23.40 15.95
Lowest price of the year (in EUR million) 25.70 22.81 18.27 15.56 11.40
Average daily trading (in EUR thousands) 8,402 9,494 4,345 3,344 3,524
Average daily trading (in EUR thousands of shares) 287 337 191 179 252
Number of shares issued as at year-end (in millions) 110.6 110.6 110.6 110.6 109.4
Average number of shares issued (in millions) 110.6 110.6 110.6 110.1 108.9
Market capitalisation at year-end (in EUR million) 3,408 3,515 2,713 2,563 1,718
Earnings per share before amortisation (in EUR) 1.92 1.72 1.52 1.38 1.40
Dividend per share (in EUR) 0.58 0.52 0.46 0.41 0.35
Price/earnings ratio at year-end 16.1 18.5 16.1 16.8 11.2
HEALTH & SAFETY PERFORMANCE INIDCATORS 2016 2015 2014 2013 2012
LTI frequency ratio 11.4 10.9 10.1 11.1 12.1
Average days lost per LTI 17.0 13.5 20.7 15.6 15.0
Absenteeism (in %) 3.1 3.3 3.0 3.1 2.9

Revenue

(in EUR million)

2,025
2012
2,040
2013
2,201
2014
2,475
2015
2,522
2016
2,522
+2%

Operating profit
(EBITA)

(in EUR million)

219
2012
225
2013
247
2014
272
2015
298
2016
298
+10%

Net profit
(before amortisation)

(in EUR million)

152
2012
152
2013
168
2014
190
2015
212
2016
212
+12%

Earnings per share
(before amortisation)

(in EUR)

1.40
2012
1.38
2013
1.52
2014
1.72
2015
1.92
2016
1.92
+12%

Free cash flow

(in EUR million)

168
2012
175
2013
222
2014
243
2015
273
2016
273
+12%

Return on capital employed
(ROCE)

(in %)

14.7
2012
14.6
2013
14.1
2014
14.3
2015
14.7
2016
14.7
+3%