INVESTORS

Key figures



 EUR million  2021  2020 *1  2019  2018  2017  2016  2015  2014
Results                
Revenue 3,435.3 2,774.9 2,689.6 2,379.1 1,907.4 1,714.5 1,529.8 1,358.3
Year on year revenue growth
 
24% 3% 13% 25% 11% 12% 13% 10%
Gross profit 836.3 647.5 599.3 536.1 428.7 381.6 332.8 287.6
Gross profit in % of revenue 24.3% 23.3% 22.3% 22.5% 22.5% 22.3% 21.8% 21.2%
Operating EBITA *2 305.5 243.2 224.8 202.1 161.7 147.8 128.3 110.0
Year on year Operating EBITA growth 54% 8% 11% 25% 9% 15% 17% 14%
Operating EBITA in % of revenue 10.9% 8.8% 8.4% 8.5% 8.5% 8.6% 8.4% 8.1%
Cash flow          
Free cash flow *3 278.9 277.4 222.2 166.5 161.3 140.4 119.3 94.6
Cash conversion margin *4 72.6% 109.4% 97.4% 79.3% 97.2% 92.3% 90.5% 83.9%
Balance sheet          
Working capital 612.5 443.7 435.9 399.8 314.3 248.4 227.8 179.7
Total equity 1,461.4 1,252.4 866.5 786.3 729.2 722.1 653.8 530.8
Net debt 940.0 727.0 735.2 610.7 490.0 397.6 437.5 266.6
Net debt/Operating EBITDA ratio *5 2.3 2.3 2.8 2.8 2.8 2.6 2.9 2.4
Employees          
Number of full time employees end of period 3,740 3,298 2,991 2,799 2,265  1,863 1,746 1,512
Shares          
Number of shares issued at year-end (x 1,000) 56,988 56,988 52,592 52,592 52,592 52,592 52,592 50,000
Weighted average number of shares  (x 1,000) 56,940 53,750 52,475 52,443 52,425 52,477 51,612 25,118
Earnings per share (weighted) 3.64 2.24 2.06 1.91 1.47 1.39 1.20 0.79
Cash earnings per share (weighted) *6 4.64 3.03 2.85 2.53 2.06 2.01 1.79 1.42
Proposed dividend per share 1.62 1.02 0.90 0.80 0.62 0.55 0.44 0.20

 

*1. The period ended 31 December 2020 has been restated as a result of a change in accounting policy detailed in Note 2 to the financial statements included in the 2021 Annual Report

*2. Result from operating activities before amortisation of intangibles and non-recurring items

*3. Operating EBITDA excluding non-cash share based payment expenses, less lease payments, plus/less changes in working capital, less capital expenditures
*4. 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
*5. Including full year impact of acquisitions
*6. Result for the year before amortisation (net of tax) dividend  by the weighted average number of outstanding shares