Key figures and key ratios

REVENUE AND INCOME (in mDKK)

2021

2020

2019

2018 

2017 

Revenue

24,219

21,273

20,946

18,253 

 17,032

Operating profit before depreciation (EBITDA)

2,208

2,209

1,951

1,579 

 1,568

Depreciation and impairment losses

861

833

802

532 

 475

Operating profit (EBIT)

1,346

1,376

1,149

1,047 

 1,093

Profit after tax in associates and joint ventures

46

-36

50

70 

 42

Gains on divestments

3

2

29

Net financials

-64

-133

-79

-40 

 -30

Profit before tax

1,332

1,209

1,149

1,086 

 1,105

Profit for the year

1,039

909

906

796 

 875

 

CASH FLOWS (in mDKK)

2021

2020

2019

2018 

2017 

Cash flows from operating activities

531

2,296

1,410

837 

763 

Cash flows from investing activities

-950

-533

-1,043

-1,360 

-2,763 

Of which investment in property, plant and equipment

-751

-454

-774

-685 

-809 

Cash flows from financing activities

250

-1,630

-421

623 

818 

INVESTED CAPITAL AND FINANCING (in mDKK)

2021

   2020

2019

2018 

 2017

Invested capital excluding goodwill

11,211

9,421

10,510

8,831 

7,337 

Total assets

21,524

17,994

18,777

16,940 

14,389 

Working capital

4,566

3,107

3,738

3,441 

2,505 

Net interest bearing debt (NIBD)

2,773

1,936

3,298

2,425 

1,275 

Share of equity attributable to shareholders of Schouw & Co.

10,670

9,606

9,519

8,652 

8,317 

Minority interests

15

0

2

15 

Total equity

10,684

9,605

9,521

8,659 

8,332 

 

FINANCIAL DATA

2021

2020

2019

2018 

2017 

EBITDA margin (%)

9.1

10.4

9.3

8.7 

9.2 

EBIT margin (%)

5.6

6.5

5.5

5.7 

6.4 

EBT margin (%)

5.5

5.7

5.5

6.0 

6.5 

Return on equity (%)

10.2

9.5

10.0

9.4 

10.9 

Equity ratio (%)

49.6

53.4

50.7

51.1 

57.9 

ROIC excluding goodwill (%)

14.1

15.3

12.3

14.5 

17.6 

ROIC including goodwill (%)

11.4

12.3

10.0

11.3 

13.8 

NIBD/EBITDA 

1.2

0.9

1.7

1.5 

0.8 

Average number of employees during the year 

10,210

9,393

9,683

7,174 

6,087 

 

PER SHARE DATA

2021

2020

2019

2018 

2017 

Earnings per share (of DKK 10)

43.30

38.04

38.27

33.43 

36.85 

Diluted earnings per share (of DKK 10) 

43.12

38.00

38.27

33.35 

36.63 

Dividend per share (of DKK 10)

15.00

14.00

14.00

13.00 

13.00 

Net asset value per share (of DKK 10)

445.15

400.58

397.34

365.17 

346.99 

Share price at year end (of DKK 10)

569.00

616.00

560.00

485.60 

581.50 

Price/net asset value

1.25

1.54

1.41

1.33 

1.68 

Market capitalisation (in mDKK)

13,638

14,771

13,415

11,505 

13,939 

 

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