Half Year 2017

EUR´000

H1 2017

H1 2016

 
Revenue 28,413  25,270
Gross profit 14,231 12,214
EBITDA * 20,324 19,164
Gain from a bargain purchase - -
Earnings before interest and tax (EBIT) before impairment 12,642 12,220
Net financials -5,964 -5,518
Profit/loss for the period from continuing operations 4,919 5,592
Profit/loss for the period from discontinued operations - -1,107
Profit/loss for the period  4,919 4,485
Comprehensive income for the period  7,960 3,279
Non-current assets 348,860 335,366
Current assets 69,926 57,355
Assets classified as held for sale and discontinued operations 12,915 6,261
Total assets  431,701 398,982
Share capital 71,623 71,623
Equity      204,165 195,269
Non-current liabilities 194,054 102,427
Current liabilities 31,661 98,774
Liabilities classified as held for sale and discontinued operations 1,821 2,512
Net working capital (NWC) 17,017 17,491
Cash flow from operating activities 10,366 6,657
Cash flow from/used in investing activities 2,300 1,825
Of which investment in property, plant and equipment - -1,230
Cash flow from financing activities -796 -9,341
Total cash flow from continuing operations 11,870 -136
Total cash flow from discontinued operations - -723
Total cash flow     11,870 -859
Gross margin before impairment 50.1% 48.3%
EBITDA margin * 71.5% 75.8%
EBIT margin 44.5% 48.4%
Equity ratio 47.3% 48.9%
Return on invested capital (ROIC) 3.6% 3.8%
Return on equity 2.4% 2.3%
Gearing ratio 0.7 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 from continuing operations 0.05 0.06
Earnings per share (EPS basic), EUR after discontinued operations 0.05 0.04
Net asset value per share, EUR 2.01 1.93
Price/net asset value 0.48 0.53
Actual price earnings (P/E Basic) 19.99 23.09
Dividend per share 0.022 -
Payout ratio (%)  40% -
Market price, end of the period, EUR 0.97 1.02
Average number of employees 33 54
Number of employees  33 51

 

* Adjusted for income from Associates / Excluding Special Items
The key ratios are calculated in accordance with “Recommendations & Financial Ratios 2015”, issued by the Danish Society of Financial Analyst.