Key figures and key ratios

REVENUE AND INCOME (in mDKK)

2019

2018 

2017 

2016 

2015 

Revenue

20,946

18,253 

 17,032

14,369 

 12,566

Operating profit before depreciation (EBITDA)

1,951

1,579 

 1,568

1,472 

 1,214

Depreciation and impairment losses

802

532 

 475

434 

 383

Operating profit (EBIT)

1,149

1,047 

 1,093

1,038 

 831

Profit after tax in associates and joint ventures

50

70 

 42

566 

 86

Gains on divestments

29

Net financials

-79

-40 

 -30

-27 

 -46

Profit before tax

1,149

1,086 

 1,105

1,578 

 871

Profit for the year

906

796 

 875

1,339 

 645

 

CASH FLOWS (in mDKK)

2019

2018 

2017 

2016 

2015 

Cash flows from operating activities

1,410

837 

763 

1,598 

 1,171

Cash flows from investing activities

-1,043

-1,360 

-2,763 

-395 

 -569

Of which investment in property, plant and equipment

-774

-685 

-809 

-828 

 -354

Cash flows from financing activities

-421

623 

818 

-925 

 -324

INVESTED CAPITAL AND FINANCING (in mDKK)

2019

2018 

 2017

2016 

2015 

Invested capital excluding goodwill

10,510

8,831 

7,337 

5,416 

 4,464

Total assets

18,777

16,940 

14,389 

12,273 

 10,516

Working capital

3,738

3,441 

2,505 

1,727 

 1,598

Net interest bearing debt (NIBD)

3,298

2,425 

1,275 

-1,028 

 -511

Share of equity attributable to shareholders of Schouw & Co.

9,519

8,652 

8,317 

7,797 

 6,656

Minority interests

2

15 

18 

 21

Total equity

9,521

8,659 

8,332 

7,814 

 6,677

 

FINANCIAL DATA

2019

2018 

2017 

2016 

2015 

EBITDA margin (%)

9.3

8.7 

9.2 

10.2 

 9.7

EBIT margin (%)

5.5

5.7 

6.4 

7.2 

 6.6

EBT margin (%)

5.5

6.0 

6.5 

11.0 

 6.9

Return on equity (%)

10.0

9.4 

10.9 

18.6 

 10.2

Equity ratio (%)

50.7

51.1 

57.9 

63.7 

 63.5

ROIC excluding goodwill (%)

12.3

14.5 

17.6 

20.2 

 18.3

ROIC including goodwill (%)

10.0

11.3 

13.8 

16.6 

 15.1

NIBD/EBITDA 

1.7

1.5 

0.8 

-0.7 

 -0.4

Average number of employees during the year 

9,683

7,174 

6,087 

4,108 

 2,382

 

PER SHARE DATA

2019

2018 

2017 

2016 

2015 

Earnings per share (of DKK 10)

38.27

33.43 

36.85 

56.56 

 27.48

Diluted earnings per share (of DKK 10) 

38.27

33.35 

36.63 

56.41 

 27.38

Dividend per share (of DKK 10)

14.00

13.00 

13.00 

12.00 

 10.00

Net asset value per share (of DKK 10)

397.34

365.17 

346.99 

328.38 

 282.10

Share price at year end (of DKK 10)

560.00

485.60 

581.50 

526.00 

 387.00

Price/net asset value

1.41

1.33 

1.68 

1.60 

 1.37

Market capitalisation (in mDKK)

13,415

11,505 

13,939 

12,489 

 9.131

 

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