Key figures

 
EUR million 2018 2017 2016 2015 2014
Results          
Revenue 2,379.1 1,907.4 1,714.5 1,529.8 1,358.3
Year on year revenue growth 25% 11% 12% 13% 10%
Gross profit 536.1 428.7 381.6 332.8 287.6
Gross profit in % of revenue 22.5% 22.5% 22.3% 21.8% 21.2%
Operating EBITA 1 202.1 161.7 147.8 128.3 110.0
Year on year Operating EBITA growth 25% 9% 15% 17% 14%
Operating EBITA in % of revenue 8.5% 8.5% 8.6% 8.4% 8.1%
Cash flow          
Free cash flow 2 166.5 161.3 140.4 119.3 94.6
Cash conversion margin 3 80.2% 97.2% 92.3% 90.5% 83.9%
Balance sheet          
Working capital 399.8 314.3 248.4 227.8 179.7
Total equity 786.3 729.2 722.1 653.8 530.8
Net debt 610.7 490.0 397.6 437.5 266.6
Net debt/Operating EBITDA ratio 4 2.8 2.8 2.6 2.9 2.4
Employees          
Number of full time employees end of period 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 50,000
Weighted average number of shares (x 1,000) 52,443 52,425 52,477 51,612 25,118
Earnings per share (weighted) 1.91 1.47 1.39 1.20 0.79
Cash earnings per share (weighted) 5 2.53 2.06 2.01 1.79 1.42
Proposed dividend per share 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, 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)