Financial

Key Figures and Financial Ratios for the Group

 

DKK million
2010
2011
2012
2013
2014
Income statement          
Revenue
1,388.0
1,415.7
1,360.1
1,293.1
1,365.5
EBITDA 1)
207.0
198.4
150.2
185.0
214.0
EBITA 1)
166.0
172.1
127.2
162.6
194.1
Amortisation 2)
-14.5
-33.2
-9.5
-8.3
-15.7
Restructuring costs, etc. and other operating income 3)
-32.8
13.4
-25.5
-9.2
-17.9
Operating profit (EBIT)
118.7
152.3
92.2
145.1
160.5
Financial income and expenses, net
-4.3
-14.2
-16.7
-33.5
-41.6
Tax
-30.7
-36.7
-25.3
-23.8
-32.3
Profit for the year
83.7
101.4
50.2
87.8
86.6
Normalisations
 
 
 
 
 
Profit for the year
83.7
101.4
50.2
87.8
86.6
Foreign currency adjustments
-3.6
4.4
1.9
18.6
-4.7
Amortisation 2)
14.5
33.2
9.5
8.3
15.7
Restructuring costs, etc. and other operating income 3)
32.8
-13.4
25.5
9.2
17.9
Tax on normalisations
-10.9
-6.1
-9.2
-10.6
-6.4
Normalised profit after tax
116.5
119.5
77.9
113.3
109.1

 

DKK million
2010
2011
2012
2013
2014
Balance Sheet items
         
Total assets
1,370.7
1,358.4
1,315.1
1,381.3
1,890.3
Equity
532.1
622.9
672.2
735.7
459.1
Net Interest-bearing debt 4)
332.9
328.1
300.4
195.8
986.2
Cash flows
 
 
 
 
 
Cash flows from operating activities
150.0
122.0
102.1
149.9
127.9
Free cash flows 1)
122.1
55.3
85.3
135.4
124.6
Investments
 
 
 
 
 
Investments 5)
39.6
53.2
23.2
26.9
24.1
Depreciations (excl. amortisation of acquired trademarks)
41.0
26.4
23.1
22.4
19.9
Financial ratios
 
 
 
 
 
Revenue growth, organic
6.0%
-0.6%
-4.9%
-1.5%
7.1%
EBITDA 1) margin
14.9%
14.0%
11.0%
14.3%
15.7%
EBITA 1) margin
12.0%
12.2%
9.3%
12.6%
14.2%
Solvency ratio
38.8%
45.9%
51.1%
53.3%
24.3%
Net interest-bearing debt/EBITDA 1)
1.6
1.7
2.0
1.1
4.6
Average number of employees
815
839
802
748
780

 

 

1) EBITDA, EBITA and free cash flows are presented before restructuring costs etc. and other operating income.
2) Includes amortisation of intangible assets acquired and impairment of goodwill.
3) Restructuring costs etc. and other operating income relate to items which by their nature are not considered part of ordinary activities, such as effect from divestment of businesses, adjustment of conditional acquisition price payable, costs associated with relocation of production units, transaction costs associated with acquisitions of businesses etc.
4) In 2010 and 2011, net interest bearing debt has been deducted (2010: DKK 50 million and 2011: DKK 4 million) negative/positive value of the foreign exchange contract on bank loans.
5) Investments do not include acquisitions of businesses. In 2010 and 2011, investments include DKK 18.1 million and DKK 24.1 million regarding construction of a new domicile.

Definitions:
Accounting figures, which can be derived directly from the official financial statements for 2010-2014, have been prepared in accordance with IFRS. Other financial ratios have been determined in accordance with the definitions, page 32. Normalised profits are based on KOMPAN's identification and assessment of special income statement items and are included to give a comparable basis for the normalised earnings.

 

 

KOMPAN annual review

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