INCOME STATEMENT 2017 2016 2015 2014 2013
Revenue 663,973 513,922 499,581 451,555 433,824
Expenses 606,775 460,447 454,384 413,013 396,770
Operating profit - EBITDA 57,198 53,475  ​45,197 38,542 37,054
Depreciation and amortization (30,148) (28,077) (24,729) (23,195) (21,143)
Results from operating activities - EBIT 27,050 25,398 ​20,468 15,347 15,911
Net finance (expense) income (7,236) ​(345) 419 591 (3,234)
​Share of earnings of associated companies (339) 210 331 229 2​
Net earnings before income tax 19,475 25,263 ​21,218 16,167 12,679
Income tax (2,671) (3,368) (3,416) (2,560) (1,862)
Net earnings for the period 16,804 21,895 ​17,802 13,607 10,817
STATEMENT OF FINANCIAL POSITION 31.12.17 31.12.16 31.12.15 31.12.14 31.12.13
Assets 459,515 391,691 355,157 332,040 314,365
Non-current assets 313,529 253,256 233,280 214,278 216,096
Equity 244,610 243,775 ​228,124 216,472 205,771
Liabilities 214,905 147,916 ​127,033 115,568 108,594
​Interest-bearing debt 125,984 81,149 71,401 64,432 59,398
Net debt 102,815 41,606 35,418 24,893 33,028
STATEMENT OF CASH FLOWS 2017 2016 2015 2014 2013
Net cash from operating activities 37,420 48,667 37,357 31,603 20,537
Net cash used in investing activities (75,139) (39,907) (35,206) (18,311)​ (26,601)
Net cash provided by (used in) financing activities 22,581 (4,761) (5,173) (572) (3,558)
Changes in cash and cash equivalents (15,138) 3,999 (3,022) ​12,720 (9,622)
Effects of exchange rate fluctuations on cash held (1,236) (439) ​(534) 449 (1,312)
Cash and cash equivalents at the end of period 23,169 39,543 ​35,983 46,355 33,186
SELECTED FINANCIAL RATIOS 2017 2016 2015 2014 2013
Revenue change 29.2% 2.9% 10.6%​ 4.1% 2.4%
EBITDA ratio 8.6% 10.4% 9.0%​ 8.5% 8.5%
EBIT ratio 4.1% 4.9% 4.1%​ 3.4% 3.7%
Net debt / LTM EBITDA 1.80 ​0.78 0.78 0.65 0.89
Tangible assets / Total assets 85.4% 89.4%​ 92.6%​ 94.2% 93.5%
Equity ratio 53.2% 62.2%​ 64.2%​ 65.2% 65.5%

 

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