|
(x € million)7) |
|
|
|
|
|
|
|
|
|
|
|
2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
2003 |
2002 |
|
Result |
|
|
|
|
|
|
|
|
|
|
|
Net sales |
2,420.2 |
2,286.3 |
2,258.0 |
2,167.6 |
2,065.7 |
1,661.2 |
1,545.5 |
1,443.9 |
1,355.9 |
1,299.0 |
|
Operating profit |
105.0 |
90.9 |
98.2 |
98.6 |
95.8 |
90.4 |
74.1 |
88.2 |
73.3 |
65.5 |
|
Profit for the year |
78.2 |
70.2 |
74.3 |
71.3 |
74.2 |
62.1 |
50.9 |
58.6 |
44.8 |
37.0 |
|
Net cash flow from operating activities |
123.9 |
106.9 |
123.3 |
102.8 |
83.1 |
78.5 |
48.3 |
67.8 |
62.7 |
74.2 |
|
Proposed dividend |
37.4 |
30.9 |
44.3 |
28.4 |
28.0 |
24.4 |
21.0 |
20.6 |
18.1 |
14.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial position |
|
|
|
|
|
|
|
|
|
|
|
Group equity1) |
540.6 |
500.1 |
482.3 |
426.0 |
374.8 |
312.8 |
265.5 |
223.3 |
172.7 |
132.2 |
|
Net capital employed2) |
691.6 |
688.5 |
645.2 |
643.8 |
644.6 |
571.4 |
414.3 |
377.7 |
286.3 |
275.4 |
|
Total assets |
931.1 |
937.3 |
852.2 |
875.2 |
858.0 |
719.3 |
534.5 |
534.2 |
401.7 |
387.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Employees |
|
|
|
|
|
|
|
|
|
|
|
Year average (full-time equivalents) |
5,880 |
5,513 |
5,552 |
5,600 |
5,083 |
3,662 |
3,521 |
2,984 |
2,746 |
2,561 |
|
Staff costs3) |
217.1 |
203.3 |
197.1 |
191.4 |
170.6 |
127.2 |
114.0 |
101.6 |
90.7 |
84.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditure |
|
|
|
|
|
|
|
|
|
|
|
Net capital expenditure4) |
53.7 |
40.7 |
46.6 |
36.4 |
81.5 |
32.3 |
40.7 |
26.1 |
31.7 |
27.1 |
|
Depreciation |
44.1 |
46.7 |
42.4 |
40.2 |
33.8 |
25.7 |
24.3 |
20.3 |
20.2 |
18.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios |
|
|
|
|
|
|
|
|
|
|
|
Increase in revenue (%) |
5.9 |
1.3 |
4.2 |
4.9 |
24.4 |
7.5 |
7.0 |
6.5 |
4.4 |
10.8 |
|
Increase in profit (%) |
11.4 |
(5.5) |
4.2 |
(3.9) |
19.5 |
22.0 |
(13.2) |
30.8 |
21.0 |
46.5 |
|
Gross margin as % of revenue |
23.2 |
23.1 |
23.3 |
23.8 |
22.9 |
21.6 |
20.2 |
19.7 |
18.6 |
17.8 |
|
Operating profit as % of revenue |
4.3 |
4.0 |
4.3 |
4.5 |
4.6 |
5.4 |
4.8 |
6.1 |
5.4 |
5.0 |
|
Profit after tax as % of revenue |
3.2 |
3.1 |
3.3 |
3.3 |
3.6 |
3.7 |
3.3 |
4.1 |
3.3 |
2.8 |
|
Return on average Group equity5) |
15.0 |
14.3 |
16.4 |
17.8 |
21.6 |
21.5 |
20.8 |
29.4 |
29.4 |
32.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit as % |
|
|
|
|
|
|
|
|
|
|
|
net capital employed |
15.2 |
14.8 |
16.3 |
16.3 |
15.8 |
18.6 |
17.9 |
23.3 |
26.1 |
25.2 |
|
Group equity as % of balance sheet total |
58.1 |
53.3 |
56.6 |
48.7 |
43.7 |
43.5 |
49.7 |
41.8 |
43.0 |
34.0 |
|
Revenue per employee (x €1.000) |
412 |
415 |
407 |
387 |
406 |
454 |
439 |
484 |
494 |
507 |
|
Staff costs per employee (x €1.000) |
36.9 |
36.9 |
35.5 |
34.2 |
33.6 |
34.7 |
32.4 |
34.1 |
33.0 |
32.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Figures per €0.06 share6) (in euros) |
|
|
|
|
|
|
|
|
|
|
|
Shares in issue (millions) |
44.0 |
44.1 |
44.3 |
43.7 |
43.1 |
42.4 |
42.0 |
41.2 |
40.2 |
39.0 |
|
Group equity |
12.30 |
11.34 |
10.90 |
9.75 |
8.69 |
7.37 |
6.32 |
5.41 |
4.29 |
3.39 |
|
Net earnings |
1.78 |
1.59 |
1.68 |
1.63 |
1.72 |
1.46 |
1.21 |
1.41 |
1.11 |
0.96 |
|
Cash flow |
3.01 |
2.83 |
2.82 |
2.74 |
2.63 |
2.14 |
1.84 |
1.96 |
1.73 |
1.53 |
|
Proposed dividend8) |
1.05 |
0.70 |
1.00 |
0.65 |
0.65 |
0.57 |
0.50 |
0.50 |
0.45 |
0.37 |
1) Before profit appropriation. 2) Total assets less cash and cash equivalents and swaps, less short-term liabilities excluding interest-bearing portion. 3) Salaries, social security charges and net benefit expense. 4) See note 3. 5) Calculated on profit for the year. 6) Prior-year figures restated for share splits in 2007 and 2003. 7) Prior-year figures have not been restated for changes in accounting policies. 8) 2011: including € 0.20 variable dividend per share, 2009: Anniversary dividend.
From 2004: IFRS