5.3
Historical overview

(in millions of euro, unless stated otherwise)

  2020 2019 2018 2017 2016
 
Result
Net turnover 1) 1,296.5 1,111.0 1,033.3 1,068.5 1,048.2
Operating profit (EBIT) 1) 74.7 60.0 51.4 38.0 60.4
Depreciation, amortisation and impairments 1) 24.9 26.2 11.3 11.1 10.3
EBITDA 1) 99.7 86.1 62.7 49.1 70.7
Net finance cost 1) -12.8 -9.3 -7.6 -8.2 -8.3
Taxes 1) -1.9 -8.2 15.7 19.7 20.4
Result after taxes from discontinued operations   -56.5 -18.8    
Net profit 64.8 2.8 20.3 10.5 32.3
 
Balance sheet
Balance sheet total 2) 879.6 859.2 761.9 705.3 703.4
Property, plant and equipment 66.2 64.4 66.5 69.4 71.7
Average capital employed 3) 511.3 528.2 476.9 474.3 494.5
Group equity 376.0 323.2 322.4 299.3 319.4
Net debt 79.2 265.3 151.8 161.0 147.3
Net debt adjusted 4) 50.2 235.1 151.8 161.0 147.3
 
Data per share (in euros)
Group equity 14.03 12.09 12.18 11.47 12.46
Net profit5) 2.42 0.10 0.76 0.39 1.22
Dividend 6) - - 0.50 0.50 0.72
Closing price of share 25.85 25.80 18.84 23.43 21.91
 
Ratios (in %)
EBIT/Average capital employed 1) 14.6 11.4 10.8 8.0 12.2
Operating profit/turnover 1) 5.8 5.4 5.0 3.6 5.8
Net profit/turnover 1) 5.0 0.3 2.0 1.0 3.1
Solvency (based on group capital) 2) 42.7 37.6 42.3 42.4 45.4
Net debt/EBITDA 1) 0.8 3.1 3.4 3.3 2.1
Working capital/turnover 1) 7) 19.4 32.4 28.0 29.5 29.2
 
Other information
Average number of employees (fte) 1) 3,139 3,410 3,227 3,088 3,124
Number of issued shares at year-end 26,805,031 26,802,751 26,597,354 26,255,179 25,834,236
Weighted average number of issued shares 26,804,632 26,726,268 26,474,308 26,101,222 25,623,405
Market capitalization 692.9 691.5 501.1 615.2 566.0
 
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) Balance sheet total and solvency 2016 are determined after offsetting the balances in the notional cash pooling arrangements.
3) 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.
4) Net debt adjusted is the reported net debt adjusted for the IFRS 16 impact.
5) 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 2019 and for previous years is 1.00000.
6) The dividend per share relating to the financial year 2020 concerns the proposal to be submitted to the General Meeting of Shareholders.
7) 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.

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