EBITDA |
|
17 |
12 |
17 |
6 |
-9 |
21 |
14 |
4 |
5 |
18 |
30 |
N/A |
|
Goodwill |
|
64 |
67 |
67 |
45 |
45 |
45 |
45 |
30 |
30 |
30 |
30 |
N/A |
|
Net financial items |
|
4 |
5 |
-1 |
-5 |
-1 |
-2 |
-7 |
4 |
7 |
-2 |
-2 |
N/A |
|
Other intangible assets |
|
5 |
5 |
8 |
8 |
8 |
7 |
7 |
8 |
9 |
10 |
11 |
0 |
|
Paid tax |
|
-6 |
-7 |
-5 |
-9 |
-3 |
-3 |
-1 |
-4 |
-2 |
-3 |
-6 |
N/A |
|
Tangible fixed assets |
|
26 |
27 |
22 |
18 |
20 |
18 |
15 |
7 |
6 |
5 |
4 |
N/A |
|
Non-cash items |
|
-4 |
-2 |
-2 |
8 |
11 |
-12 |
2 |
-3 |
-23 |
0 |
0 |
N/A |
|
Right-of-use asset |
|
0 |
0 |
0 |
0 |
0 |
19 |
19 |
14 |
14 |
15 |
15 |
N/A |
|
Cash flow before change in WC |
|
10 |
9 |
9 |
1 |
-2 |
5 |
8 |
1 |
-13 |
13 |
22 |
0 |
|
Total other fixed assets |
|
18 |
25 |
28 |
17 |
18 |
18 |
17 |
16 |
10 |
10 |
10 |
0 |
|
Change in working capital |
|
-11 |
-9 |
1 |
12 |
3 |
9 |
7 |
-2 |
1 |
-2 |
-4 |
0 |
|
Fixed assets |
|
113 |
123 |
126 |
88 |
92 |
108 |
103 |
76 |
69 |
70 |
70 |
0 |
|
Operating cash flow |
|
-1 |
0 |
10 |
13 |
1 |
14 |
16 |
-1 |
-12 |
11 |
18 |
N/A |
|
Inventories |
|
41 |
45 |
40 |
37 |
39 |
39 |
38 |
30 |
43 |
46 |
48 |
N/A |
|
Capex tangible fixed assets |
|
-2 |
-3 |
-2 |
-2 |
-7 |
-1 |
0 |
0 |
0 |
-1 |
-1 |
N/A |
|
Receivables |
|
69 |
71 |
59 |
53 |
72 |
45 |
37 |
33 |
38 |
42 |
46 |
N/A |
|
Capex intangible fixed assets |
|
-1 |
-1 |
-2 |
-2 |
-2 |
0 |
-2 |
-3 |
-2 |
-3 |
-3 |
N/A |
|
Other current assets |
|
2 |
0 |
4 |
5 |
6 |
5 |
3 |
24 |
2 |
2 |
2 |
N/A |
|
Acquisitions and Disposals |
|
0 |
2 |
0 |
0 |
2 |
0 |
2 |
0 |
12 |
0 |
0 |
0 |
|
Cash and liquid assets |
|
17 |
21 |
15 |
29 |
21 |
13 |
19 |
12 |
13 |
12 |
14 |
N/A |
|
Free cash flow |
|
-4 |
-2 |
6 |
9 |
-6 |
13 |
15 |
-3 |
-2 |
7 |
14 |
0 |
|
Total assets |
|
242 |
260 |
244 |
211 |
230 |
211 |
201 |
175 |
165 |
172 |
180 |
0 |
|
Dividend paid |
|
-3 |
-4 |
-2 |
-4 |
-1 |
0 |
0 |
0 |
0 |
0 |
0 |
N/A |
|
Shareholders equity |
|
138 |
140 |
145 |
104 |
100 |
108 |
106 |
67 |
51 |
58 |
72 |
0 |
|
Share issues and buybacks |
|
20 |
0 |
0 |
0 |
0 |
19 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Minority |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
N/A |
|
Leasing liability amortisation |
|
0 |
0 |
0 |
0 |
0 |
-4 |
-4 |
-4 |
-3 |
-4 |
-4 |
N/A |
|
Total equity |
|
138 |
140 |
145 |
104 |
100 |
108 |
106 |
67 |
51 |
58 |
72 |
0 |
|
Other non-cash items |
|
-45 |
1 |
0 |
-1 |
-8 |
-20 |
-1 |
8 |
3 |
0 |
0 |
14 |
|
Long-term debt |
|
35 |
43 |
33 |
46 |
49 |
3 |
13 |
9 |
2 |
2 |
0 |
N/A |
|
Pension debt |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
N/A |
|
Convertible debt |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
N/A |
|
Leasing liability |
|
0 |
0 |
0 |
0 |
0 |
20 |
19 |
14 |
14 |
14 |
14 |
0 |
|
Total other long-term liabilities |
|
11 |
11 |
10 |
8 |
12 |
12 |
10 |
11 |
6 |
6 |
6 |
0 |
|
Short-term debt |
|
2 |
3 |
4 |
3 |
4 |
14 |
4 |
4 |
19 |
15 |
8 |
N/A |
|
Accounts payable |
|
33 |
38 |
30 |
34 |
27 |
25 |
24 |
39 |
47 |
51 |
54 |
N/A |
|
Other current liabilities |
|
23 |
25 |
21 |
16 |
38 |
28 |
25 |
32 |
26 |
26 |
26 |
0 |
|
Total liabilities and equity |
|
242 |
260 |
244 |
211 |
230 |
211 |
201 |
175 |
165 |
172 |
180 |
0 |
|
Net IB debt |
|
20 |
25 |
22 |
20 |
32 |
24 |
16 |
15 |
22 |
18 |
8 |
0 |
|
Net IB debt excl. pension debt |
|
20 |
25 |
22 |
20 |
32 |
24 |
16 |
15 |
22 |
18 |
8 |
0 |
|
Net IB debt excl. leasing |
|
20 |
25 |
22 |
20 |
32 |
4 |
-3 |
1 |
8 |
5 |
-6 |
0 |
|
Capital employed |
|
175 |
186 |
182 |
153 |
153 |
145 |
141 |
94 |
86 |
88 |
93 |
0 |
|
Capital invested |
|
164 |
172 |
174 |
127 |
134 |
135 |
124 |
84 |
76 |
78 |
82 |
0 |
|
Working capital |
|
56 |
53 |
52 |
44 |
52 |
36 |
29 |
17 |
10 |
12 |
16 |
0 |
|
Market cap. diluted (m) |
|
106 |
113 |
113 |
113 |
114 |
136 |
136 |
136 |
136 |
136 |
136 |
0 |
|
Net IB debt adj. |
|
20 |
27 |
23 |
20 |
32 |
24 |
15 |
20 |
22 |
18 |
8 |
N/A |
|
Market value of minority |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
N/A |
|
Reversal of shares and participations |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Reversal of conv. debt assumed equity |
|
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
|
EV |
|
126 |
140 |
136 |
134 |
146 |
160 |
151 |
156 |
158 |
154 |
144 |
0 |
|
Total assets turnover (%) |
|
194.7 |
92.6 |
84 |
93.5 |
89.4 |
88.9 |
77 |
75.7 |
86.1 |
103.3 |
119 |
0 |
|
Working capital/sales (%) |
|
11.8 |
23.4 |
24.9 |
22.7 |
24.3 |
22.3 |
20.6 |
16.2 |
9.1 |
6.3 |
6.6 |
N/A |
|
Financial risk and debt service |
|
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Net debt/equity (%) |
|
14.5 |
18.2 |
15 |
18.9 |
31.7 |
22.3 |
15.4 |
23.1 |
42.5 |
31.7 |
10.8 |
N/A |
|
Net debt / market cap (%) |
|
18.9 |
22.4 |
19.2 |
17.5 |
27.7 |
17.7 |
12 |
11.3 |
16 |
13.4 |
5.7 |
N/A |
|
Equity ratio (%) |
|
57 |
53.8 |
59.7 |
49.6 |
43.5 |
51.4 |
52.8 |
38.1 |
31.1 |
33.6 |
40 |
N/A |
|
Net IB debt adj. / equity (%) |
|
14.5 |
19.1 |
15.6 |
19.6 |
32 |
22.3 |
14.4 |
29.5 |
42.5 |
31.7 |
10.8 |
N/A |
|
Current ratio |
|
2.24 |
2.08 |
2.16 |
2.34 |
1.98 |
1.51 |
1.83 |
1.33 |
1.04 |
1.1 |
1.25 |
N/A |
|
EBITDA/net interest |
|
7.2 |
9.7 |
16 |
4.4 |
4.8 |
11.3 |
8.5 |
3.6 |
2.5 |
8.1 |
18.5 |
N/A |
|
Net IB debt/EBITDA (x) |
|
1.2 |
2.1 |
1.3 |
3.1 |
-3.5 |
1.1 |
1.2 |
3.8 |
4.7 |
1 |
0.3 |
N/A |
|
Net IB debt/EBITDA lease adj. (x) |
|
0.9 |
1.7 |
1.5 |
0.6 |
3.8 |
0.2 |
-0.3 |
30.3 |
3.4 |
0.3 |
-0.2 |
N/A |
|
Interest coverage |
|
5.3 |
5.9 |
11.3 |
0.6 |
7.3 |
6.5 |
2.2 |
3.7 |
0.8 |
5.1 |
13.8 |
N/A |
|