Half Year 2016

EUR´000

H1 2016

H1 2015*

 
Revenue  25,270 26,753
Gross profit 12,214 12,713
EBITDA ** 19,164 17,811
Earnings before interest and tax (EBIT) before impairment 12,220 10,279
Net financials -5,518 -5,212
Profit/loss for the period from continuing operations 5,592 3,002
Profit/loss for the period from discontinued operations -1,107 -481
Profit/loss for the period  4,485 2,521
Comprehensive income for the period  3,279 4,403
Non-current assets 335,366 361,217
Current assets 57,355 65,881
Assets classified as held for sale and discontinued operations 6,261 1,153
Total assets  398,982 428,251
Share capital 71,623 71,623
Equity      195,269 193,844
Non-current liabilities 102,427 186,293
Current liabilities 98,774 48,114
Liabilities classified as held for sale and discontinued operations 2,512 -
Net working capital (NWC) 17,491 19,355
Cash flow from operating activities 6,657 5,667
Cash flow from/used in investing activities -1,175 1,196
Of which investment in property, plant and equipment -1,230 -323
Cash flow from financing activities -6,341 -6,165
Total cash flow from continuing operations -136 3,172
Total cash flow from discontinued operations -723 -2,474
Total cash flow     -859 698
Gross margin before impairment 48.3% 47.5%
EBITDA margin ** 75.8% 66.6%
EBIT margin 48.4% 38.4%
Equity ratio 48.9% 45.3%
Return on invested capital (ROIC) 3.8% 2.9%
Return on equity 2.3% 1.3%
Gearing ratio 0.7 0.8
Average number of shares, 1000 shares 101,367 101,367
Number of shares at the end of the period, 1000 shares 101,367 101,367
Earnings per share (EPS basic), EUR from continuing operations 0.06 0.03
Earnings per share (EPS basic), EUR after discontinued operations 0.04 0.02
Net asset value per share, EUR 1.93 1.91
Price/net asset value 0.53 0.60
Actual price earnings (P/E Basic) 23.09 46.24
Dividend per share - -
Payout ratio (%)  - -
Market price, end of the period, EUR 1.02 1.15
Average number of employees 54 67
Number of employees ***  51 64

 

*  Restated due to IFRS 5 – Discontinued operations (Income statement and Cash flow)
** Adjusted for income from Associates / Excluding Special Items
*** Of which Environment (Discontinued): 17 employees

The key ratios are calculated in accordance with “Recommendations & Financial Ratios 2015”, issued by the Danish Society of Financial Analyst.