polyczyno_poland_upper

Annual key figures 2012 – 2016

EUR´000

2016

2015

2014*

2013

2012

Revenue 46,586 47,321 50,819 59,080 56,906
Gross profit 20,534 18,894 17,996 21,486 23,451
EBITDA** 30,411 29,341 32,249 32,761 28,884
Gain from a bargain purchase 3,722 - -  - -
Earnings before interest and tax (EBIT) before impairment 17,667 12,121 9,642 12,861 10,352
Net financials -8,522 -10,205 -11,645 -10,843 -11,666
Profit/loss for the year from continuing operations 11,399 4,292 -19,741 - -
Profit/loss for the year from discontinuing operations -5,864 -2,948 -4,650 - -
Profit/loss for the year 5,535 1,344 -24,391 1,398 -13,274
Comprehensive income for the year 6,590 2,590 -31,216 8,599 -23,969
Non-current assets 371,636 350,334 372,293 413,640 432,250
Current assets 57,014 53,134 66,845 67,891 68,601
Assets classified as held for sale and dicontinued operations 2,218 10,941 900 771 1,971
Total assets 430,868 414,409 440,038 482,302 502,822
Share capital 71,623 71,623 71,623 71,623 71,623
Equity 198,421 191,831 189,441 220,705 212,106
Non-current liabilities 157,882 152,527 173,002 219,399 228,637
Current liabilities 72,347 66,995 77,595 42,198 62,079
Liabilities classified as held for sale and discontinued operations 2,218 3,056 - - -
Net working capital (NWC) 14,392 12,784 15,071 20,030 13,942
Cash flow from operating activities 16,155 12,135 16,659 16,028 1,270
Cash flow from investing activities*** 3,160 2,917 -30 -17,589 10,522
Of which investment in property, plant and equipment -3,312 -1,070 -1,409 -21,651 -11,506
Cash flow from financing activities -13,724 -17,010 -17,626 -2,126 -8,461
Cash flow from continuing operations 7,108 1,312 -974 - -
Cash flow from discontinuing operations -1,517 -3,270 -23 - -
Total cash flows 5,591 -1,958 -997 -3,687 -17,713
Key figures
Gross margin before impairment 44.1% 39.9% 35.4% 36.4% 41.2%
EBITDA margin** 65.3% 62.0% 63.5% 55.5% 50.8%
EBIT margin**** 37.9% 25.6% 19.0% 21.8% 18.2%
Equity ratio 46.1% 46.3% 43.1% 45.8% 42.2%
Return on invested capital (ROIC) 6.3% 5.0% -1.4% 3.1% 1.8%
Return on equity 2.8% 0.7% -11.9% 0.6% -5.9%
Gearing ratio 0.8 0.8 0.9 0.8 0.9
Average number of shares, 1,000 shares 101,367 101,367 101,394 101,404 101,404
Number of shares at the end of the period, 1,000 shares 101,367 101,367 101,367 101,404 101,404
Earnings per share (EPS Basic), EUR from continuing operations 0.11 0.04 -0.19 - -
Earnings per share (EPS Basic), EUR after discontinued operations 0.05 0.01 -0.24 0.01 -0.13
Net asset value per share, EUR 1.96 1.89 1.87 2.18 2.10
Price/net asset value 0.45 0.46 0.52 0.72 0.65
Actual price earnings (P/E Basic) 16.08 66.23 neg. 113.88 neg.
Dividend per share - - - - -
Payout ratio (%) - - - - -
Market price, year end, EUR 0.88 0.88 0.98 1.57 1.35
Average number of employees 52 65 78 79 88

* Restated due to IFRS 5 – Discontinued operations (Income statement and Cash flow).
** Operation profit/loss before impairment excluding depreciations and income from investments in Associates.
*** Since the value including the Cash Flow is represented from an accounting perspective, it does not correspond to the real price of the transaction. This amount is EUR 3.7M for the acquisition of La Catilleja and EUR 3.3M for the sale of Fotocampillos, as announced in the respective Company announcements.
**** Before impairment and Special Items.