Half Year 2018

EUR´000

H1 2018

H1 2017

 
Revenue 27,191  28,413
Gross profit 13,375 14,231
EBITDA * 20,259 20,324
Earnings before interest and tax (EBIT) before impairment 12,963 12,642
Net financials -4,862 -5,964
Profit/loss for the period  5,438 4,919
Comprehensive income for the period  6,580 7,960
Non-current assets 327,389 348,860
Current assets 87,125 69,926
Assets classified as held for sale 1,025 12,915
Total assets  415,539 431,701
Share capital 71,623 71,623
Equity      211,658 204,165
Non-current liabilities 170,134 194,054
Current liabilities 33,494 31,661
Liabilities classified as held for sale 253 1,821
Net working capital (NWC) 16,176 17,017
Cash flow from operating activities 13,464 10,366
Cash flow from/used in investing activities 6,933 2,300
Of which investment in property, plant and equipment -206 -
Cash flow from financing activities -11,480 -796
Total cash flow     8,917 11,870
Gross margin before impairment 49.2% 50.1%
EBITDA margin * 74.5% 71.5%
EBIT margin 47.7% 44.5%
Equity ratio 50.9% 47.3%
Return on invested capital (ROIC) 3.6% 3.6%
Return on equity 2.7% 2.4%
Gearing ratio 0.5 0.7
Average number of shares, 1000 shares 101,367 101,367
Number of shares at the end of the period, 1000 shares 101,367 101,367
Earnings per share (EPS basic), EUR 0.05 0.05
Net asset value per share, EUR 2.09 2.01
Price/net asset value 0.57 0.48
Actual price earnings (P/E Basic) 22.21 19.99
Dividend per share 0.03 0.02
Payout ratio (%)  40%  40%
Market price, end of the period, EUR 1.19 0.97
Average number of employees 31 33
Number of employees  31 33

 

* Operation profit/loss before impairment excluding Depreciation, income from investments in Joint Ventures and Special Items
The key ratios are calculated in accordance with “Recommendations & Financial Ratios 2015”, issued by the Danish Society of Financial Analyst.