REMOVING LIMITS.

INVESTOR RELATIONS

Key Financial Data

Key Data

  2016  2015  2014 
Results of operations (in € thousand)      
Revenue 340,958 324,835 298,871
Germany 175,691 170,955 156,331
Abroad 165,267 153,880 142,540
International revenue ratio (%) 48.5 47.4 47.7
EBITDA 19,237 15,601 13,453
Profit from operations (EBIT) 9,436 8,166 6,228
Earnings before taxes (EBT) 5,736 5,494 3,500
Income tax income (expense) -1,101 -1,902 -3,032
Income for the period 4,635 3,592 468
of which profit attributable to noncontrolling interests -429 293 240
of which profit attributable to equity holders of parent 5,064 3,299 228
Earnings per share (€) 0.118 0.075 0.005
       
Balance Sheet (in € thousand)      
Current assets 151,957 137,072 138,917
Noncurrent assets 86,575 87,537 79,434
Total assets 238,532 224,609 218,351
Shareholder's equity 108,110 102,394 97,348
Liabilities 130,423 122,215 121,003
Equity ratio (%) 45.3 45.6 44.6
Net financial liabilities 46,909 39,362 39,967
       
Cash Flow/Capital Expenditure (in € thousand)      
Cash flow from operating activities 12,001 5,541 22,243
Cash flow from investing activities -5,928 -2,868 -2,338
Cash flow from financing activities -4,930 -4,344 -8,877
Investments in property, plant and equipment 9,102 5,227 5,704
       
Employees      
Employees (average) 2,899 2,641 2,523
Personnel expenses (in € thousand) 111,669 103,189 95,087

Group Balance Sheet

Consolidated balance sheet according to IFRS
     
  31.12.2015 31.12.2014
Assets (in € thousand)    
Noncurrent assets 137,072 138,917
Property, plant and equipment 45,471 46,581
Investment properties 161 217
Goodwill 68,677 68,673
Other intangible assets 4,371 4,123
At-equity-method-accounted investments 3,939 3,715
Financial receivables 3,084 4,512
Other financial assets 59 59
Other receivables and other assets 24,050 2,815
Deferred tax assets 8,905 8,222
     
Current assets 87,537 79,434
Inventories 12,537 12,351
Trade receivables 44,537 33,781
Other receivables and other assets 13,920 14,113
Tax receivables 729 1,828
Financial receivables 1,445 1,358
Cash and cash equivalents 14,333 16,003
     
Total assets 224,609 218,351
     
   31.12.2015  31.12.2014
Equity and Liabilities (in € thousand)    
Equity 102,394 97,348
Equity attributable to equity holders of Deufol SE 101,860 97,058
Subscribed capital 43,774 43,774
Capital reserves 107,240 107,240
Accumulated losses -50,404 -53,722
Other comprehensive income (expense) 1,250 -234
Noncontrolling interests 534 290
     
Noncurrent liabilities 51,179 54,056
Financial liabilities 44,182 47,033
Provisions for pensions 4,763 4,531
Other provisions 0 0
Other liabilities 1,413 1,657
Deferred tax liabilities 821 835
     
Current liabilities 71,036 66,947
Trade payables 37,178 36,316
Financial liabilities 14,042 11,807
Other liabilities 15,775 15,862
Tax liabilities 1,853 1,629
Other provisions 2,188 1,333
Total equity and liabilities 224,609 218,351

Statement of earnings

Consolidated Income Statement of according to IFRS
     
  2015 2014
in € thousand    
Sales 324,835 298,871
Change in inventories 137 604
Own work capitalized 982 504
Other operating income 7,545 7,809
Total output 333,499 307,788
Cost of materials -157,743 -146,766
Personnel expenses -103,189 -95,087
Depreciation -7,435 -7,225
Other operating expenses -56,966 -52,482
Profit from operations (EBIT) 8,166 6,228
Financial income 494 878
Finance costs -3,302 -4,190
Share of profit of associates 136 584
Share of profit of equity investments 0 0
Profit before taxes (EBT) 5,494 3,500
Income tax income (expenses) -1,902 -3,032
Income for the period 3,592 468
of which income attributable to noncontrolling interests 293 240
of which income attributable to equity holders of parent 3,299 228
     
  2015 2014
Earnings per share(in €)    
Basic and diluted earnings per share, based on the profit (loss) attributable to common shareholders of Deufol SE 0.075 0.005
Average number of shares in circulation 43,773,655 43,773,655

Cash Flow Statement

Consolidated flow of funds statement
     
  2015 2014
in € thousand    
Income (loss) from operations (EBIT) 8,166 6,228
     
Adjustments to reconcile income (loss) from operations to cash flows from operating activities
Depreciation, amortisation and impairment charges 7,435 7,225
(Gain) loss from disposal of property, plant and equipment -12 -35
Taxes paid -1,073 -1,778
     
Changes in assets and liabilities from operating activities
Change in trade accounts receivable -10,756 -476
Change in inventories -222 38
Change in other receivables and other assets 603 730
Change in trade accounts payable 862 8,616
Change in other liabilities 32 1,743
Change in accrued expenses 677 290
Change in other operating assets/liabilities (net) -171 -235
Net cash provided by operating activities 5,541 22,243
     
Purchase of intangible assets and property, plant and equipment -4,793 -6,514
Proceeds from the sale of intangible assets and property, plant and equipment 265 1,674
Dividends received 0 0
Purchase of noncontrolling interests -175 -13
Proceeds from the sale of subsidiaries 0 0
Net change in financial receivables 1,341 1,634
Interest received 494 880
Net cash used in investing activities (2,868) (2,338)
     
Proceeds from (repayment of) borrowings -444 -2,539
Dividends paid to noncontrolling interests -49 -129
Net change in other financial liabilities -473 -1,916
Interest paid -3,378 -4,293
Net cash used in financing activities (4,344) (8,877)
     
Effect of exchange rate changes and changes in the scope of consolidation on cash and cash equivalents 1 -4
Change in cash and cash equivalents 1,670 11,024
Cash and cash equivalents at the beginning of period 16,003 4,979
Cash and cash equivalents at the end of period 14,333 16,003