Consolidated Income Statement 2018 2017 Change 2016 2015 2014
Revenue 689,154 663,973 3.8% 513,922 499,581 451,555
Expenses 639,916 606,775 5.5% 460,447 454,384 413,013
Operating profit - EBITDA 49,238 57,198 (13.9%) 53,475 45,197 38,542
Depreciation and amortization (32,548) (30,148) (8.0%) (28,077) (24,729) (23,195)
Results from operating activities - EBIT 16,690 27,050 (38.3%) 25,398 20,468 15,347
Net finance (expense) income (4,923) (7,236) 32.0% (345) 419 591
Share of (loss) earnings of associated companies (1,753) (339)  -     210 331 229
Net earnings before income tax 10,014 19,475 (48.6%) 25,263 21,218 16,167
Income tax (2,612) (2,671) 2.2% (3,368) (3,416) (2,560)
Net earnings for the year 7,402 16,804 (56.0%) 21,895 17,802 13,607
     Earnings per share in EUR 0.0378 0.0885 (57.3%) 0.1148 0.0929 0.0722
     Revenue change 3.8% 29.2%   2.9% 10.6% 4.1%
     EBITDA ratio 7.1% 8.6%   10.4% 9.0% 8.5%
     EBIT ratio 2.4% 4.1%   4.9% 4.1% 3.4%
     Net debt / EBITDA 2.80 1.80   0.78 0.78 0.65
Consolidated Statement of Financial Position 31.12.2018 31.12.2017 Change  31.12.2016 31.12.2015  31.12.2014 
Assets 486,296 459,515 5.8% 391,691 355,157 332,040
Non-current assets 335,172 313,529 6.9% 253,256 233,280 214,278
Current assets 151,124 145,986 3.5% 138,435 121,877 117,762
Equity 238,926 244,610 (2.3%) 243,775 228,124 216,472
Liabilities 247,370 214,905 15.1% 147,916 127,033 115,568
Non-current liabilities 140,753 117,614 19.7% 64,456 55,550 49,904
Current liabilities 106,617 97,291 9.6% 83,460 71,483 65,664
Interest-bearing debt 159,593 125,984 26.7% 81,149 71,401 64,432
Net debt 137,652 102,815 33.9% 41,606 35,418 24,893
     Tangible assets / Total assets 86.0% 85.4%   89.4% 92.6% 94.2%
     Equity ratio 49.1% 53.2%   62.2% 64.2% 65.2%
Consolidated Statement of Cash Flows 2018 2017 Change 2016 2015 2014
Net cash from operating activities 29,029 37,420 (22.4%) 48,667 37,357 31,603
Net cash used in investing activities (51,905) (75,139) 30.9% (39,907) (35,206) (18,311)
Net cash provided by (used in) financing activities 20,631 22,581 (8.6%) (4,761) (5,173) (572)
Changes in cash and cash equivalents (2,245) (15,138) 85.2% 3,999 (3,022) 12,720
Effects of exchange rate fluctuations on cash held 1,017 (1,236)  -     (439) (534) 449
Cash and cash equivalents at year-end 21,941 23,169 (5.3%) 39,543 35,983 39,539

 

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