Key Figures
The 2017 financial year was a highly successful one for PALFINGER. Revenue climbed to a new record high; EBIT increased as well, but due to one-time effects fell short of expectations. The 2017 financial year also was a year in which the course was set for the future. Consolidation and restructuring are the basis for the successful further advancement of the existing business and vehicles for new developments. PALFINGER’s vision and strategy for the digital age support the goal of continuing to be the global market leader.
Revenue
EUR thousand
2015
1,229,892
2016
1,357,012
2017
1,471,075
EUR thousand
2015
2016
2017
Income statement
Revenue
1,229,892
1,357,012
1,471,075
EBITDAn1)
154,370
172,452
185,982
EBITDAn margin1)
12.6%
12.7%
12.6%
EBITn1)
113,415
123,747
129,684
EBITn margin1)
9.2%
9.1%
8.8%
EBITDA
145,330
155,997
167,350
EBITDA margin
11.8%
11.5%
11.4%
EBIT (Operatives Ergebnis)
104,375
106,049
110,190
EBIT margin
8.5%
7.8%
7.5%
Result before income tax
92,974
93,213
88,519
Consolidated net result for the period
64,366
61,173
52,513
Balance sheet
Current Capital (average)
310,195
356,518
390,473
Current Capital Ratio2)
25.2%
26.3%
26.5%
Capital employed (average)
834,911
975,784
1,090,996
Equity ratio
42.1%
37.7%
37.3%
Net debt
347,913
513,077
513,282
Gearing
68.1%
88.5%
89.2%
Cash flows and investments
Cash flows from operating activities
110,623
109,579
91,978
Free cash flows
54,704
- 68,700
43,058
Net investments
60,440
71,359
68,301
Depreciation, amortization and impairment
40,955
49,948
57,160
Value creation
ROCE
9.6%
8.1%
7.5%
ROE
14.8%
12.7%
11.3%
EVA
25,880
20,546
13,613
WACC
6.5%
6.0%
6.2%
Human resources
Employees3)
9,1024)
9,8465)
10,212
Percentage of women
12.9%4)
13.3%5)
13.1%
Employee turnover
14.2%4)
15.4%5)
18.7%
Staff absences due to industrial accidents
(in % of regular working time)
0.12%4)
0.21%5)
0.18 %
Training hours per employee6)
15.74)
15.65)
19.7
Environment7)
Index: Energy consumption in relation to revenue
91.0%
94.8%
91.1%
Index: Greenhouse gas emissions in relation to revenue
93.6%
98.7%
90.4%
Index: Hazardous waste in relation to revenue
124.8%
157.7%
325.4%
Share
Market capitalization
994,342
1.075,167
1,280,050
Price as at year end (EUR)
26.45
28.60
34.05
Earnings per share in EUR
1.73
1.63
1.40
Dividend per share (EUR)
0.57
0.57
0.478)
1) Figures since 2015 were normalized (n) by restructuring costs.
2) Current capital (average) in proportion to revenue of the previous 12 months.
3) Balance-sheet date figures of consolidated Group companies excluding equity shareholdings and excluding temporary workers.
4) Internal control loops to improve data quality led to changes.
5) Adjustments of personnel indicators to the GRI standard have resulted in changes with retrospective effect.
6) Deviating reporting boundaries due to sites that do not report these indicators.
7) Volume 2013 = 100%
8) Proposal to the Annual General Meeting.