Kendrion Worldwide

Division Automotive

Kendrion N.V.

Kendrion N.V. is a public limited liability company incorporated under the laws of the Netherlands, with its registered office in Zeist.

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Five year summary

Diese Informationen stehen leider nicht in deutscher Sprache zur Verfügung. Deshalb bieten wir Ihnen den englischen Text an.

EUR million 2016 2015 2014 2013 2012
           
>> Kendrion N.V. consolidated          
           
Statement of comprehensive income conform financial statements          
Revenue 443.4 442.1 428.9 354.0 284.9
Organic growth 0.3% 3.1% 8.2% (1.2)% (4.1)%
Operating result before amortisation (EBITA) 1 31.1 25.8 32.9 23.9 22.3
Depreciation of property, plant and equipment and software 20.3 19.4 16.4 13.0 10.4
Operating result before depreciation and amortisation (EBITDA) 1 51.4 45.2 49.3 36.9 32.7
Net profit for the period 1 19.6 16.8 20.2 14.3 13.6
           
Statement of financial position at 31 December conform financial statements          
Total assets 347.1 340.9 333.5 334.8 230.1
Total equity 178.1 169.9 153.2 134.1 103.1
Net interest-bearing debt 54.0 69.1 83.0 49.0 21.3
Working capital 2, 8 41.2 43.4 44.9 40.6 33.9
Invested capital 3 248.4 254.3 253.1 242.5 180.1
           
Statement of cash flows conform financial statements          
Net cash from operating activities 4 45.2 40.9 37.9 30.5 28.4
Net investments 22.9 19.8 20.0 18.5 18.7
Free cash flow 4 22.3 21.2 17.1 11.7 9.7
           
Ratios          
Return on Sales (ROS) 7.0% 5.8% 7.7% 6.8% 7.8%
Solvency 51.3% 49.8% 46.0% 40.1% 44.8%
Net interest-bearing debt / EBITDA 5 (debt cover) 1.1 1.5 1.7 1.2 0.6
Net interest-bearing debt / equity (gearing) 0.3 0.4 0.5 0.4 0.2
EBITDA 1, 5 / net finance costs (interest cover) 6 24.5 20.1 13.9 11.7 17.7
Working capital 2 in % of revenue 7 8.6% 9.8% 10.5% 10.2% 11.9%
Dividend payout ratio of net profit 53% 61% 50% 50% 50%
           
Market capitalisation as at 31 December 358.3 319.7 281.7 309.2 186.5
Net interest-bearing debt as at 31 December 54.0 69.1 83.0 49.0 21.3
Theoretic value of the organisation (Enterprise value) 412.3 388.8 364.7 358.1 207.8
Number of employees at 31 December (FTE) 2,578 2,658 2,713 2,756 1,632

1 2012 excluding earn-out FAS Controls of EUR 4.4 million, 2013 excluding non-recurring costs and earn-out Kuhnke of EUR 2.4 million after tax and 2016 excluding one-off costs relating to simplifying measures of EUR 5.7 million (after finance expense and tax EUR 4.7 million).

2 Relates to inventories, receivables minus non-interest bearing debts (2013 is excluding EC fine payable).

3 Total invested capital is property, plant and equipment, intangible assets, other investments and current assets less cash and non-interest bearing debts (2013 including EC fine).

4 Before cash flow relating to acquisitions and disposals (2013 excluding acquisition expenses, 2014 excluding EC fine payment and 2016 excluding one-off costs relating to simplifying matters).

5 2013 is including full year Kuhnke and 2016 is excluding one-off costs relating to the simplifying measures.

6 The net financing charges exclude foreign exchange differences, the committment fees for unused facilities and the amortisation of upfront and legal fees.

7 2013 is including full year Kuhnke.

8 2016 excluding accruals and provisions related to the simplifying measures.