Annual key figures 2014 – 2018
| EUR '000 | 2018 | 2017 | 2016 | 2015 | 2014* |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 51,739 | 56,443 | 46,586 | 47,321 | 50,819 |
| Gross profit | 24,151 | 26,908 | 20,534 | 18,894 | 17,996 |
| EBITDA ** | 36,884 | 39,308 | 30,411 | 29,341 | 32,249 |
| Gain from a bargain purchase | - | - | 3,722 | - | - |
| Earnings before interest and tax (EBIT) *** | 21,587 | 23,023 | 17,667 | 12,121 | 9,642 |
| Net financials | -9,323 | -11,184 | -8,522 | -10,205 | -11,645 |
| Profit/loss for the year from continuing operations | 4,943 | 8,808 | 11,399 | 4,292 | -19,741 |
| Profit/loss for the year from discontinuing operations | - | - | -5,864 | -2,948 | -4,650 |
| Profit/loss for the year | 4,943 | 8,808 | 5,535 | 1,344 | -24,391 |
| Comprehensive income for the year | 6,877 | 13,164 | 6,590 | 2,590 | -31,216 |
| Balance sheet | |||||
| Non-current assets | 311,287 | 335,924 | 366,550 | 350,334 | 372,293 |
| Current assets | 90,908 | 77,546 | 57,014 | 53,134 | 66,845 |
| Assets classified as held for sale | 1,100 | 8,975 | 2,218 | 10,941 | 900 |
| Total assets | 403,295 | 422,445 | 425,782 | 414,409 | 440,038 |
| Share capital | 71,623 | 71,623 | 71,623 | 71,623 | 71,623 |
| Equity | 212,205 | 209,358 | 198,421 | 91,831 | 189,441 |
| Non-current liabilities | 159,950 | 180,842 | 152,796 | 152,527 | 173,002 |
| Current liabilities | 31,140 | 31,557 | 72,347 | 66,995 | 77,595 |
| Liabilities classified as held for sale | - | 688 | 2,218 | 3,056 | - |
| Net working capital (NWC) | 13,412 | 16,367 | 14,392 | 12,784 | 15,071 |
| Cash flows | |||||
| Cash flow from operating activities | 27,098 | 23,834 | 16,155 | 12,135 | 18,309 |
| Cash flow from/used in investing activities | 10,152 | 6,891 | 3,160 | 2,917 | -1,680 |
| Of which investment in property, plant and equipment | -301 | 170 | -1,312 | -1,070 | -1,409 |
| Cash flow from financing activities | -20,809 | -11,275 | -13,724 | -17,010 | -17,626 |
| Total cash flow from continuing operations | 16,441 | 19,450 | 7,108 | 1,312 | -974 |
| Total cash flow from discontinuing operations | - | - | -1,517 | -3,270 | -23,00 |
| Total cash flow | 16,411 | 19,450 | 5,591 | -1,958 | -997 |
| Key figures | |||||
| Gross margin before impairment | 46.7% | 47.7% | 44.1% | 39.9% | 35.4% |
| EBITDA margin ** | 71.3% | 69.6% | 65.3% | 62.0% | 63.5% |
| EBIT margin *** | 41.7% | 40.8% | 37.9% | 25.6% | 19.0% |
| Equity ratio | 52.6% | 49.6% | 46.1% | 46.3% | 43.1% |
| Return on invested capital (ROIC) | 5.6% | 6.7% | 6.3% | 5.0% | -1.4% |
| Return on equity | 2.3% | 4.3% | 2.8% | 0.7% | -11.9% |
| Gearing ratio | 0.4 | 0.6 | 0.8 | 0.8 | 0.9 |
| Per share figures | |||||
| Average number of shares, 1000 shares | 101,367.38 | 101,367.38 | 101,367.38 | 101,367.38 | 101,394.03 |
| 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) | 0.05 | 0.09 | 0.1 | 0.04 | -0.19 |
| Earnings per share (EPS basic), after discontinued operations (EUR) | 0.05 | 0.09 | 0.05 | 0.01 | -0.24 |
| Net asset value per share (EUR) | 2.09 | 2.07 | 1.96 | 1.89 | 1.87 |
| Price/net asset value | 0.40 | 0.55 | 0.45 | 0.46 | 0.52 |
| Actual price earnings (P/E Basic) | 17.14 | 13.14 | 16.08 | 66.23 | neg. |
| Dividend per share | 0.03 | 0.02 | - | - | - |
| Payout ratio (%) | 40% | 40% | - | - | - |
| Market price, year end (EUR) | 0.84 | 1.14 | 0.88 | 0.88 | 0.98 |
| Average number of employees | 30 | 32 | 52 | 65 | 78 |
| Number of employees | 29 | 32 | 50 | 57 | 78 |
| Of which consultants | 1 | 1 | 1 | 1 | 5 |
| Of which employees under notice | - | 2 | 2 | 2 | 10 |
| Key figures related to operations | |||||
| Production in GWh | 368.5 | 373.9 | 372.4 | 368.7 | 400.2 |
| of which Joint Ventures | 55.8 | 60.5 | 74.0 | 76.0 | 94.0 |
| Net capacity (MW) | 213.5 | 238.6 | 254.0 | 251.2 | 257.9 |
| of which Joint Ventures | 49.5 | 49.5 | 49.5 | 54.4 | 61.1 |
Comparative figures have not been restated as a result of implementation of IFRS 9 and IFRS 15.
* 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
* 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