Top

Annual Report 2014/15Detailed Picture

Sub

Key figures

           
EUR million 2014/15 2013/14 2012/13 2011/12 2010/11
           
Income statement          
Revenue 858.6 756.2 738.4 698.7 635.6
Gross profit 446.4 391.3 384.8 359.6 308.7
EBITDA before special items 286.4 256.6 249.0 235.5 201.7
EBIT before special items 232.5 204.8 192.5 185.0 159.2
EBIT 232.5 195.1 192.5 185.0 159.2
Net financial items (12.8) (13.8) (15.8) (12.7) (10.9)
Profit from continuing operations 162.5 132.2 139.8 131.3 114.2
Profit from discontinued operations   -   -   -   - 4.4
Profit for the year 162.5 132.2 139.8 131.3 118.6
Average number of employees (FTEs) 2,573 2,510 2,510 2,425 2,411
           
Financial position at 31 August          
Total assets 1,444.6 1,374.9 1,366.8 1,342.9 1,352.7
Invested capital 1,247.0 1,213.8 1,180.1 1,174.3 1,145.5
Net working capital 138.1 129.8 107.8 98.8 97.5
Equity* 600.8 656.8 680.7 655.1 644.3
Net interest-bearing debt 487.6 403.5 351.5 363.9 347.5
           
Cash flow and investments          
Cash flow from operating activities 221.5 176.4 190.3 176.4 150.4
Cash flow used for investing activities (70.4) (61.8) (70.3) (63.1) (25.8)
Free cash flow 151.1 114.6 120.0 113.3 124.6
Acquisition and disposal of property, plant and equipment, net (55.0) (49.6) (52.0) (40.0) (21.9)
           
Earnings per share          
EPS, continuing operations, diluted 1.23 1.00 1.04 0.95 0.83
           
Key ratios          
Organic growth, %** 10 8 7 8 14
Organic growth excl. carmine price effect, % 10 8 9 11 10
Gross margin, % 52.0 51.7 52.1 51.5 48.6
EBITDA margin before special items, % 33.4 33.9 33.7 33.7 31.7
EBIT margin before special items, % 27.1 27.1 26.1 26.5 25.0
EBIT margin, % 27.1 25.8 26.1 26.5 25.0
ROIC, % 18.9 17.1 16.4 15.9 13.8
ROIC excl. goodwill, % 37.6 34.9 34.3 34.1 30.0
NWC, % 16.1 17.2 14.6 14.1 15.3
R&D, % 6.4 6.1 6.1 6.7 6.3
Capital expenditure, % 8.2 8.3 9.6 9.1 7.1
Cash conversion, % 72.5 67.0 67.9 72.4 73.7
Net debt to EBITDA before special items  1.7x  1.6x  1.4x  1.5x  1.7x
           
* Equity for 2012/13 has been restated to reflect changed accounting policy for employee benefit obligations.
** Organic growth: Increase in revenue adjusted for sales reductions, acquisitions and divestments and measured in local currency.