Welcome 2018 Highlights Downloads

Consolidated Key Figures

EUR MILLION 2014 2015 2016 2017 2018 var. 2018 vs 2017
Revenue 2,987 3,054 2,883 2,794 2,897 3.7%
Recurring operating income (REBIT) 249 241 256 266 245 -7.9%
Recurring operating cash flow (REBITDA) 413 409 417 420 405 -3.6%
% of revenue 13.8 13.4 14.5 15.0 14.0
Non recurring items -67 -112 -19 3 -25
Operating cash flow (EBITDA) 365 366 404 432 391 -9.5%
Operating income (EBIT) 182 129 237 269 221 -17.8%
% of revenue 6.1 4.2 8.2 9.6 7.6
Net profit (Group share) 92 36 127 148 140 -5.4%
Net recurring profit (Group share) 132 126 135 141 166 18.1%
 
Capital expenditure 198 187 137 148 192 29.7%
Net financial debt 904 833 630 633 584 -7.7%
Working capital (1) 260 312 249 261 271 3.8%
Capital employed (1) 2,485 2,451 2,258 2,341 2,352 0.5%
Return on capital employed (ROCE) (1) 7.3% 5.2% 10.1% 12.1% 9.7%
 
EUR PER SHARE
Net recurring profit (Group share) 1.69 1.61 1.72 1.80 2.12 17.8%
Net profit (Group share) 1.17 0.46 1.63 1.89 1.80 -4.8%
Gross dividend 0.40 0.44 0.48 0.53 0.58 9.4%
Dividend growth rate 11.1% 10.0% 9.1% 10.4% 9.4%
Recurring distribution rate 23.6% 27.3% 27.9% 29.5% 27.4%
 
Personnel 17,067 17,229 15,011 14,510 14,458


NB: Definitions of the alternative performence measures are included in the glossary at the end of this report. 2016 values are expressed before reclassifications and include discontinued operations disclosed separately in the financial report, i.e. the ceramics business in Peru, Colombia, Chile and Argentina.

(1) These values are expressed excluding the favourable impact of the non-recourse factoring programme (see note 16 of the financial report disclosing details on non recourse factoring); the ROCE in 2017 excludes Pladur.

Breakdown by division

Breakdown by geography

Revenue

2,987
3,054
2,883
2,794
2,897
in million euro

Recurring operating cash flow (REBITDA)

413
409
417
420
405
in million euro

Net recurring profit (Group share)

132
126
135
141
166
in million euro