Key figures

 
EUR million 2017 2016 2015 2014 2013
Results          
Revenue 1,907.4 1,714.5 1,529.8 1,358.3 1,233.4
Year on year revenue growth 11% 12% 13% 10% 10%
Gross profit 428.7 381.6 332.8 287.6 261.3
Gross profit in % of revenue 22.5% 22.3% 21.8% 21.2% 21.2%
Operating EBITA 1 161.7 147.8 128.3 110.0 96.6
Year on year Operating EBITA growth 9% 15% 17% 14% 7%
Operating EBITA in % of revenue 8.5% 8.6% 8.4% 8.1% 7.8%
Cash flow          
Free cash flow 2 161.3 140.4 119.3 94.6 80.5
Cash conversion margin 3 97.2% 92.3% 90.5% 83.9% 81.3%
Balance sheet          
Working capital 314.3 248.4 227.8 179.7 150.7
Total equity 729.2 722.1 653.8 530.8 (67.1)
Net debt 490.0 397.6 437.5 266.6 823.5
Net debt/Operating EBITDA ratio 4 2.8 2.6 2.9 2.4 8.3
Employees          
Number of full time employees end of period 2,265 1,863 1,746 1,512 1,452
Shares          
Number of shares issued at year-end (x 1,000) 52,592 52,592 52,592 50,000  
Weighted average number of shares (x 1,000) 52,425 52,477 51,612 25,118  
Earnings per share (weighted) 1.47 1.39 1.20 0.79  
Cash earnings per share (weighted) 5 2.06 2.01 1.79 1.42  
Proposed dividend per share 0.62 0.55 0.44 0.20  
 
1   Result from operating activities before amortisation of intangibles and non-recurring items
2   Operating EBITDA excluding non-cash share based payment expenses, plus/less changes in working capital, less capital expenditures
3   Free cash flow in percentage of Operating EBITDA
4   Including full year impact of acquisitions
5   Result for the year before amortisation (net of tax)