Profit and loss account

Net revenue

843,327

756,207

n.a.

663,155

758,147

663,155

538,946

483,426

Operating result for depreciation (EBITDA)

103,421

91,719

n.a.

56,434

72,909

56,434

41,234

38,265

Operating result before amortisations of intangible fixed assets (EBITA)

77,497

68,457

n.a.

52,533

68,686

52,533

37,545

35,129

Operating result after amortisation of intangible fixed assets (EBIT)

69,495

60,277

n.a.

39,428

48,072

39,428

31,434

30,077

Earnings before taxes (EBT)

66,482

57,480

n.a.

38,662

45,725

38,662

30,922

29,982

Net profit

49,623

42,214

n.a.

26,813

30,275

26,813

21,485

21,249

Cash flow

83,549

73,656

n.a.

43,819

55,112

43,819

31,286

29,438

Balance sheet

Intangible fixed assets

170,853

150,936

130,105

130,105

138,775

130,105

54,257

36,661

Tangible fixed assets

88,165

79,823

77,738

10,388

12,072

10,388

9,953

11,249

Financial fixed assets

240

72

114

347

242

347

107

153

Total fixed assets

259,258

230,811

208,152

140,840

151,089

140,840

64,316

48,063

Stocks

9,835

7,453

5,608

5,608

7,453

5,608

3,262

1,966

Receivables

240,000

240,197

177,979

94,688

124,471

94,688

91,867

121,063

Cash and cash equivalents

60,252

73,042

53,815

53,905

73,198

53,905

57,964

14,289

Total current assets

310,087

320,692

237,402

154,201

205,122

154,201

153,094

137,318

Total assets

569,345

551,503

445,554

295,041

356,211

295,041

217,410

185,381

Share capital

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

Reserves

160,912

110,765

68,261

88,680

118,955

88,680

61,866

79,910

Legal entity’s share in group equity

170,912

120,765

78,261

98,680

128,955

98,680

71,866

89,910

Third-party share in group equity

93

0

0

668

515

668

551

107

Provisions [*]

14,173

15,166

13,775

13,775

15,135

13,775

5,988

3,985

Long-term liabilities

88,130

118,718

98,874

50,000

64,213

50,000

0

0

Current liabilities

296,037

304,634

254,645

131,918

147,393

131,918

139,005

91,379

Total liabilities

569,345

551,503

445,554

295,041

356,211

295,041

217,410

185,381

Liquidity and solvency ratios

Current ratio

1.02

1.03

n.a.

1.17

1.39

1.17

1.10

1.50

Solvency

30.0%

21.9%

n.a.

33.4%

35.1%

33.4%

33.1%

48.5%

Return ratios [**]

EBT margin

7.9%

7.6%

n.a.

5.8%

6.0%

5.8%

5.7%

6.2%

EBITA margin

9.2%

9.1%

n.a.

7.9%

9.1%

7.9%

7.0%

7.3%

EBITDA margin

12.3%

12.1%

n.a.

8.5%

9.6%

8.5%

7.7%

7.9%

Return on shareholders’ equity

29.0%

35.0%

n.a.

27.2%

42.7%

27.2%

29.9%

23.6%

Investments

Investments in tangible fixed assets

15,150

27,544

n.a.

3,313

6,086

3,313

1,770

4,724

Investments in intangible fixed assets

23,008

29,440

n.a.

88,953

29,534

88,953

23,707

7,833

Number of FTE at end of financial year

3,778

3,555

n.a.

3,287

3,555

3,287

2,843

2,590