EBITDA |
|
172 |
128 |
135 |
214 |
322 |
494 |
504 |
699 |
1061 |
314 |
213 |
N/A |
|
Goodwill |
|
0 |
0 |
0 |
0 |
0 |
3 |
0 |
60 |
69 |
69 |
69 |
N/A |
|
Net financial items |
|
-43 |
-24 |
3 |
6 |
-7 |
-39 |
-53 |
-32 |
-138 |
-35 |
-30 |
N/A |
|
Other intangible assets |
|
43 |
15 |
2 |
6 |
6 |
9 |
8 |
21 |
15 |
11 |
9 |
0 |
|
Paid tax |
|
-7 |
-8 |
-24 |
-42 |
-58 |
-68 |
-54 |
-112 |
-131 |
-10 |
-7 |
N/A |
|
Tangible fixed assets |
|
225 |
83 |
116 |
136 |
263 |
609 |
416 |
784 |
898 |
790 |
741 |
N/A |
|
Non-cash items |
|
29 |
16 |
9 |
-10 |
10 |
-20 |
-21 |
-74 |
0 |
0 |
0 |
N/A |
|
Right-of-use asset |
|
0 |
0 |
0 |
0 |
0 |
91 |
91 |
222 |
255 |
276 |
292 |
N/A |
|
Cash flow before change in WC |
|
151 |
112 |
123 |
168 |
267 |
367 |
377 |
481 |
793 |
269 |
176 |
0 |
|
Total other fixed assets |
|
36 |
45 |
42 |
42 |
41 |
51 |
65 |
105 |
283 |
283 |
283 |
0 |
|
Change in working capital |
|
-176 |
122 |
18 |
-20 |
-106 |
-698 |
316 |
-24 |
-740 |
442 |
103 |
0 |
|
Fixed assets |
|
303 |
143 |
160 |
184 |
310 |
763 |
579 |
1192 |
1521 |
1428 |
1394 |
0 |
|
Operating cash flow |
|
-25 |
234 |
141 |
148 |
161 |
-330 |
693 |
457 |
52 |
711 |
279 |
N/A |
|
Inventories |
|
425 |
327 |
467 |
633 |
741 |
1290 |
1014 |
1432 |
1294 |
701 |
504 |
N/A |
|
Capex tangible fixed assets |
|
-34 |
-5 |
-16 |
-16 |
-42 |
-160 |
-57 |
-239 |
-356 |
-70 |
-53 |
N/A |
|
Receivables |
|
267 |
162 |
206 |
246 |
320 |
405 |
431 |
581 |
1107 |
630 |
509 |
N/A |
|
Capex intangible fixed assets |
|
-5 |
-2 |
-3 |
-5 |
-2 |
-4 |
-2 |
0 |
-3 |
-3 |
-2 |
N/A |
|
Other current assets |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
N/A |
|
Acquisitions and Disposals |
|
3 |
15 |
14 |
18 |
10 |
-14 |
12 |
-130 |
17 |
2 |
2 |
0 |
|
Cash and liquid assets |
|
177 |
175 |
199 |
352 |
357 |
519 |
604 |
768 |
740 |
1315 |
1481 |
N/A |
|
Free cash flow |
|
-61 |
242 |
136 |
144 |
126 |
-509 |
646 |
87 |
-289 |
640 |
226 |
0 |
|
Total assets |
|
1173 |
808 |
1033 |
1414 |
1727 |
2978 |
2628 |
3973 |
4661 |
4075 |
3888 |
0 |
|
Dividend paid |
|
-50 |
-50 |
-53 |
-58 |
-30 |
-109 |
-62 |
-109 |
0 |
0 |
0 |
N/A |
|
Shareholders equity |
|
372 |
322 |
442 |
611 |
656 |
890 |
806 |
1101 |
1602 |
1641 |
1666 |
0 |
|
Share issues and buybacks |
|
0 |
0 |
0 |
120 |
-80 |
0 |
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 |
-35 |
-40 |
-81 |
-75 |
-65 |
-60 |
N/A |
|
Total equity |
|
372 |
322 |
442 |
611 |
656 |
890 |
806 |
1101 |
1602 |
1641 |
1666 |
0 |
|
Other non-cash items |
|
-4 |
5 |
8 |
-69 |
-28 |
-253 |
77 |
-139 |
-205 |
-2 |
-2 |
58 |
|
Long-term debt |
|
0 |
0 |
0 |
0 |
0 |
205 |
351 |
490 |
328 |
332 |
336 |
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 |
|
40 |
8 |
26 |
40 |
54 |
268 |
148 |
159 |
189 |
189 |
189 |
0 |
|
Total other long-term liabilities |
|
7 |
0 |
0 |
1 |
3 |
14 |
6 |
29 |
29 |
27 |
25 |
0 |
|
Short-term debt |
|
246 |
86 |
0 |
0 |
0 |
639 |
84 |
317 |
989 |
989 |
989 |
N/A |
|
Accounts payable |
|
492 |
384 |
547 |
737 |
982 |
917 |
1188 |
1809 |
1399 |
772 |
557 |
N/A |
|
Other current liabilities |
|
17 |
8 |
17 |
25 |
32 |
44 |
44 |
67 |
125 |
125 |
125 |
0 |
|
Total liabilities and equity |
|
1173 |
808 |
1033 |
1414 |
1727 |
2978 |
2628 |
3973 |
4661 |
4075 |
3888 |
0 |
|
Net IB debt |
|
109 |
-81 |
-173 |
-312 |
-303 |
593 |
-20 |
198 |
767 |
195 |
33 |
0 |
|
Net IB debt excl. pension debt |
|
109 |
-81 |
-173 |
-312 |
-303 |
593 |
-20 |
198 |
767 |
195 |
33 |
0 |
|
Net IB debt excl. leasing |
|
69 |
-90 |
-199 |
-352 |
-357 |
325 |
-168 |
39 |
578 |
6 |
-156 |
0 |
|
Capital employed |
|
658 |
416 |
468 |
651 |
710 |
2003 |
1390 |
2067 |
3108 |
3151 |
3181 |
0 |
|
Capital invested |
|
487 |
240 |
270 |
300 |
354 |
1490 |
791 |
1307 |
2375 |
1843 |
1707 |
0 |
|
Working capital |
|
184 |
97 |
110 |
117 |
47 |
734 |
213 |
137 |
877 |
435 |
331 |
0 |
|
EV breakdown |
|
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Market cap. diluted (m) |
|
723 |
723 |
723 |
776 |
1051 |
1051 |
1051 |
1051 |
1051 |
1051 |
1051 |
0 |
|
Net IB debt adj. |
|
109 |
-81 |
-173 |
-312 |
-303 |
593 |
-20 |
198 |
767 |
195 |
33 |
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 |
|
832 |
642 |
550 |
464 |
748 |
1644 |
1031 |
1249 |
1817 |
1246 |
1084 |
0 |
|
Total assets turnover (%) |
|
398 |
148.3 |
180.2 |
209.8 |
206.3 |
159.3 |
165.4 |
188.2 |
142.7 |
80.3 |
66.6 |
0 |
|
Working capital/sales (%) |
|
3.9 |
9.6 |
6.2 |
4.4 |
2.5 |
10.4 |
10.2 |
2.8 |
8.2 |
18.7 |
14.4 |
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 (%) |
|
29.4 |
-25.3 |
-39.1 |
-51 |
-46.2 |
66.6 |
-2.5 |
18 |
47.9 |
11.9 |
2 |
N/A |
|
Net debt / market cap (%) |
|
15.1 |
-11.3 |
-23.9 |
-40.2 |
-28.8 |
56.4 |
-1.9 |
18.8 |
73 |
18.6 |
3.2 |
N/A |
|
Equity ratio (%) |
|
31.7 |
39.9 |
42.8 |
43.2 |
38 |
29.9 |
30.7 |
27.7 |
34.4 |
40.3 |
42.9 |
N/A |
|
Net IB debt adj. / equity (%) |
|
29.4 |
-25.3 |
-39.1 |
-51 |
-46.2 |
66.6 |
-2.5 |
18 |
47.9 |
11.9 |
2 |
N/A |
|
Current ratio |
|
1.15 |
1.39 |
1.55 |
1.62 |
1.4 |
1.38 |
1.56 |
1.27 |
1.25 |
1.4 |
1.49 |
N/A |
|
EBITDA/net interest |
|
5.1 |
7.9 |
78 |
26.6 |
180.2 |
9.6 |
10.7 |
26.6 |
19 |
9 |
7.1 |
N/A |
|
Net IB debt/EBITDA (x) |
|
0.6 |
-0.6 |
-1.3 |
-1.5 |
-0.9 |
1.2 |
0 |
0.3 |
0.7 |
0.6 |
0.2 |
N/A |
|
Net IB debt/EBITDA lease adj. (x) |
|
0.4 |
-0.7 |
-1.3 |
-1.6 |
-1.1 |
0.7 |
-0.4 |
0.1 |
0.7 |
0 |
-0.9 |
N/A |
|
Interest coverage |
|
3 |
5.3 |
65.7 |
23.3 |
153.4 |
6.9 |
6.9 |
18.4 |
13.8 |
2.4 |
2.1 |
N/A |
|