Overview of Group Results


(in millions of Euro) 2011 2012 2013 2014
  Amount % Amount % Amount % Amount %
Sales revenues 1,158.4 100.0% 1,319.2 100.0% 1,335.0 100.0% 1,349.4 100.0%
EBITDA pre-restructuring 120.6 10.4% 138.9 10.5% 147.3 11.0% 129.3 9.6%
EBITDA 111.9 9.7% 126.7 9.6% 129.5 9.7% 109.5 8.1%
Operating result 88.0 7.6% 92.5 7.0% 107.8 8.1% 84.4 6.3%
Ebit pre-restructuring 70.7 6.1% 78.8 6.0% 88.3 6.6% 69.4 5.1%
Ebit 58.5 5.0% 63.4 4.8% 69.1 5.2% 48.3 3.6%
Result before taxes and
non-controlling interests
45.8 3.9% 44.9 3.3% 40.4 3.1% 21.5 1.6%
Net result 24.0 2.1% 28.2 2.1% 21.1 1.6% 3.6 0.3%
Self-financing 73.3   89.2   87.9   67.6  
Free cash flow (109.6)   27.6   10.0   3.8  
Net financial position (299.8)   (295.8)   (304.6)   (304.3)  
Total shareholders' equity 202.6   200.3   188.9   180.8  
GEARING 1.48   1.48   1.61   1.68  
ROI 13.3%   12.7%   14.0%   9.9%  
ROE 12.6%   15.5%   12.1%   2.2%  
Number of employees at
December 31
6,708   6,735   6,834   6,668  
Dividends per share (Euro) 0.13   0.13   -   - (*)
EPS (Euro) 0.210   0.260   0.187   0.032  
Average annual price per share 2.3722   1.9856   2.8377   2.0720  

(*) As proposed by the Board of Directors to the Shareholders' Meeting.