INVESTORS

Key figures



 EUR million  2019  2018  2017  2016  2015  2014
Results            
Revenue 2,689.6 2,379.1 1,907.4 1,714.5 1,529.8 1,358.3
Year on year revenue growth
 
13% 25% 11% 12% 13% 10%
Gross profit 599.3 536.1 428.7 381.6 332.8 287.6
Gross profit in % of revenue 22.3% 22.5% 22.5% 22.3% 21.8% 21.2%
Operating EBITA 1 224.8 202.1 161.7 147.8 128.3 110.0
Year on year Operating EBITA growth 11% 25% 9% 15% 17% 14%
Operating EBITA in % of revenue 8.4% 8.5% 8.5% 8.6% 8.4% 8.1%
Cash flow      
Free cash flow 2 222.2 166.5 161.3 140.4 119.3 94.6
Cash conversion margin 3 97.4% 79.3% 97.2% 92.3% 90.5% 83.9%
Balance sheet      
Working capital 435.9 399.8 314.3 248.4 227.8 179.7
Total equity 866.5 786.3 729.2 722.1 653.8 530.8
Net debt 735.2 610.7 490.0 397.6 437.5 266.6
Net debt/Operating EBITDA ratio 4 2.8 2.8 2.8 2.6 2.9 2.4
Employees      
Number of full time employees end of period  2,991  2,799 2,265  1,863 1,746 1,512
Shares      
Number of shares issued at year-end (x 1,000)  52,592  52,592  52,592 52,592 52,592 50,000
Weighted average number of shares (x 1,000)  52,475  52,443  52,425 52,477 51,612 25,118
Earnings per share (weighted)  2.06  1.91  1.47 1.39 1.20 0.79
Cash earnings per share (weighted) 5  2.85  2.53  2.06 2.01 1.79 1.42
Proposed dividend per share  0.90  0.80 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, less lease payments, plus/less changes in working capital, less capital expenditures
3. Free cash flow in percentage of Adjusted Operating EBITDA (Operating EBITDA plus non-cash share-based payment costs minus lease payments);
     before 2018 calculated as 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)