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Annual

Annual key figures 2015-2019

EUR '000 2019 2018* 2017 2016 2015
Income statement
Revenue 386 272 56.443 46.586 47.321
Gross profit -78 -306 26.908 20.534 18.894
EBITDA ** -6.159 5.501 39.308 30.410 29.341
Gain from a bargain purchase - - - 3.721 -
Earnings before interest and tax (EBIT) *** -6.202 -6.606 23.023 17.667 12.121
Net financials -905 152 -11.184 -8.522 -10.205
Profit/loss for the year from continuing operations -9.721 4,943 8808 11.399 4.292
Profit/loss for the year from discontinuing operations -37,031 11549 - -5864 -2.948
Profit/loss for the year -46.752 4.943 8.808 5.535 1.344
Comprehensive income for the year -46.752 6.877 13.164 6.590 2.590
Balance sheet
Non-current assets 15.841 311.287 335.924 366.549,866 350.334
Current assets 32.997 90.908 77.546 57.014 53.134
Assets classified as held for sale 79426 1,100 8.975 2.218 10.941
Total assets 128,264 403,295 422.445 425.781 414.409
Share capital 71,623 71,623 71.623 71.623 71.623
Equity 73,005 212,205 209.358 198.421 191.831
Non-current liabilities 422 159,950 180.842 152.795 152.527
Current liabilities 3,880 31,140 31.557 72.347 66.995
Liabilities classified as held for sale 50.957 - 688 2218 3056
Net working capital (NWC) -148 13,412 16.367 14.392 12.784
Cash flows
Cash flow from operating activities 12,818 27,098 23.834 16.155 12.135
Cash flow from/used in investing activities 62,141 10,152 6.891 3.159 2.917
Of which investment in property, plant and equipment - 301 170 -1.312 -1.070
Cash flow from financing activities -103,210 -20,809 -11.275 -13.723 -17.010
Total cash flow from continuing operations -89,217 12,291 19.450 7.108 1.312
Total cash flow from discontinuing operations 60,966 4.151 - -1.517 -3.270
Total cash flow -28,251 16,442 19.450 5.591 -1.958
Key figures
Gross margin before impairment -20,2% -112,7% 47,7% 44,1% 39,9%
EBITDA margin ** N/A N/A 69,6% 65,3% 62,0%
EBIT margin *** N/A N/A 40,8% 37,9% 25,6%
Equity ratio 56,9% 52.6% 49,6% 46,1% 46,3%
Return on invested capital (ROIC) -5,5% -2,0% 6,7% 6,3% 5,0%
Return on equity -32,8% 2.3% 4,3% 2,8% 0,7%
Gearing ratio -0,4% 0.4 0,6 0,8 0,8
Per share figures
Average number of shares, 1000 shares 101,367.38 101,367.38 101,367.38 101,367.38 101,367.38
Number of shares at the end of the period, 1000 shares 101,367.38 101,367.38 101,367.38 101,367.38 101,367.38
Earnings per share (EPS basic), before discontinued operations (EUR) -0,10 -0,07 0,09 0,11 0,04
Earnings per share (EPS basic), after discontinued operations (EUR) -0,46 0,05 0,09 0,05 0,01
Net asset value per share (EUR) 0,72 2.09 2,07 1,96 1,89
Price/net asset value 0,69 0,40 0,55 0,45 0,46
Actual price earnings (P/E Basic) N/A 17,14 13,14 16,08 66,23
Dividend per share 0,91 0,03 0,02 - -
Payout ratio (%) neg. 40% 40% - -
Market price, year end (EUR) 0,50 0,84 1,14 0,88 0,88
Average number of employees 28 30 32 52 65
Number of employees 26 29 32 50 56,5
Of which consultants 1 1 1 1 1
Of which employees under notice 18,5 - 2 2 2
Key figures related to operations
Production in GWh 267,7 368,5 373,9 372,4 368,7
of which Joint Ventures 37,5 55,8 60,5 74 76
Net capacity (MW) 213,5 213,5 238,6 254 251,2
of which Joint Ventures 49,5 49,5 49,5 49,5 54,4

Due to implemetation of IFRS 9 and IFRS 15, 2015-2017 comparatives are not restated.

Due to implementation of IFRS 16, 2015-2018 comparatives are not restated.

* Restated due to IFRS 5 – Discontinued operations (Income statement and Cash flow).

** Operation profit/loss before impairment excluding depreciations (Note 5) and income from investments in Joint Ventures.

*** Before impairment and Special Items.

 

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