Key figures and key ratios

REVENUE AND INCOME (in mDKK)

2020

2019

2018 

2017 

2016 

Revenue

21,273

20,946

18,253 

 17,032

14,369 

Operating profit before depreciation (EBITDA)

2,209

1,951

1,579 

 1,568

1,472 

Depreciation and impairment losses

833

802

532 

 475

434 

Operating profit (EBIT)

1,376

1,149

1,047 

 1,093

1,038 

Profit after tax in associates and joint ventures

-36

50

70 

 42

566 

Gains on divestments

2

29

Net financials

-133

-79

-40 

 -30

-27 

Profit before tax

1,209

1,149

1,086 

 1,105

1,578 

Profit for the year

909

906

796 

 875

1,339 

 

CASH FLOWS (in mDKK)

2020

2019

2018 

2017 

2016 

Cash flows from operating activities

2,296

1,410

837 

763 

1,598 

Cash flows from investing activities

-533

-1,043

-1,360 

-2,763 

-395 

Of which investment in property, plant and equipment

-454

-774

-685 

-809 

-828 

Cash flows from financing activities

-1,630

-421

623 

818 

-925 

INVESTED CAPITAL AND FINANCING (in mDKK)

   2020

2019

2018 

 2017

2016 

Invested capital excluding goodwill

9,421

10,510

8,831 

7,337 

5,416 

Total assets

17,994

18,777

16,940 

14,389 

12,273 

Working capital

3,107

3,738

3,441 

2,505 

1,727 

Net interest bearing debt (NIBD)

1,936

3,298

2,425 

1,275 

-1,028 

Share of equity attributable to shareholders of Schouw & Co.

9,606

9,519

8,652 

8,317 

7,797 

Minority interests

0

2

15 

18 

Total equity

9,605

9,521

8,659 

8,332 

7,814 

 

FINANCIAL DATA

2020

2019

2018 

2017 

2016 

EBITDA margin (%)

10.4

9.3

8.7 

9.2 

10.2 

EBIT margin (%)

6.5

5.5

5.7 

6.4 

7.2 

EBT margin (%)

5.7

5.5

6.0 

6.5 

11.0 

Return on equity (%)

9.5

10.0

9.4 

10.9 

18.6 

Equity ratio (%)

53.4

50.7

51.1 

57.9 

63.7 

ROIC excluding goodwill (%)

15.3

12.3

14.5 

17.6 

20.2 

ROIC including goodwill (%)

12.3

10.0

11.3 

13.8 

16.6 

NIBD/EBITDA 

0.9

1.7

1.5 

0.8 

-0.7 

Average number of employees during the year 

9,393

9,683

7,174 

6,087 

4,108 

 

PER SHARE DATA

2020

2019

2018 

2017 

2016 

Earnings per share (of DKK 10)

38.04

38.27

33.43 

36.85 

56.56 

Diluted earnings per share (of DKK 10) 

38.00

38.27

33.35 

36.63 

56.41 

Dividend per share (of DKK 10)

14.00

14.00

13.00 

13.00 

12.00 

Net asset value per share (of DKK 10)

400.58

397.34

365.17 

346.99 

328.38 

Share price at year end (of DKK 10)

616.00

560.00

485.60 

581.50 

526.00 

Price/net asset value

1.54

1.41

1.33 

1.68 

1.60 

Market capitalisation (in mDKK)

14,771

13,415

11,505 

13,939 

12,489 

 

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