INCOME STATEMENT 2016 2015 2014 2013 2012 2011
Revenue 513,922 499,581 451,555 433,824 423,653 393,118
Expenses 460,447 454,384 413,013 396,77 387,485 349,963
Operating profit - EBITDA 53,475 ​45,197 ​38,542 37,054 36,168 43,155
Depreciation and amortization (28,077) (24,729) (23,195) (21,143) (22,436) (23,223)
Results from operating activities - EBIT 25,398 20,468 ​15,347 15,911 13,732 19,932
Net finance income (expense) (345) ​419 591 (3,234) (2,983) (3,709)
​Share of earnings of associated companies 210 331 2​29 2 0​ 0​
Net earnings before income tax 25,263 21,218 ​16,167 12,679 10,749 16,223
Income tax (3,368) (3,416) (2,56) (1,862) 1,982 (3,078)
Net earnings for the period 21,895 17,802 ​13,607 10,817 12,731 13,145
STATEMENT OF FINANCIAL POSITION 31.12.16 31.12.15 31.12.14 31.12.13 31.12.12 31.12.11
Assets 391,691 355,157 332,04 314,365 313,281 283,224
Non-current assets 253,256 233,28 214,278 216,096 209,723 176,946
Equity 243,775 228,124 ​216,472 205,771 199,599 176,509
Liabilities 147,916 127,033 ​115,568 108,594 113,682 106,715
​Interest-bearing debt 81,149 71,401 64,432 59,398 59,254 62,206
Net debt 41,606 35,418 24,893 33,028 21,95 18,689
STATEMENT OF CASH FLOWS 2016 2015 2014 2013 2012 2011
Net cash from operating activities 48,667 37,357 31,603 20,537 36,872 27,226
Net cash used in investing activities (39,907) -35,206 -18,311 (26,601)​ -39,188 -22,577
Net cash (used in) provided by financing activities (4,761) -5,173 -572 -3,558 -4,369 -11,495
Changes in cash and cash equivalents 3,999 (3,022) ​12,720 ​(9,622) (6,685) (6,846)
Effects of exchange rate fluctuations on cash held (439) (534) ​449 (1,312) 472 30
Cash and cash equivalents at the end of period 39,543 35,983 ​39,539 26,37 37,304 43,517
SELECTED FINANCIAL RATIOS 2016 2015 2014 2013 2012 2011
Revenue change 2.9% 10.6% 4.1%​ 2.4% 7.8% 5.3%
EBITDA ratio 10.4% 9.0% 8.5%​ 8.5% 8.5% 11.2%
EBIT ratio 4.9% 4.1% 3.4%​ 3.7% 3.2% 5.2%
Net debt / LTM EBITDA 0.78 ​0.78 0,65 0,89 0,61 0,43
Tangible assets / Total assets 89.4% 92.6%​ 94.2%​ 93.5% 93.7% 93.5%
Equity ratio 62.2% 64.2%​ 65.2%​ 65.5% 63.7% 62.3%