5 year comparison of VERBUND's key figures

Key figure Unit 2017 2018 2019 2020 2021
Revenue €m 2,913.2 2,671.1 3,895.0 3,449.8 4,776.6
EBITDA €m 922.3 864.2 1,183.5 1,292.8 1,579.0
Adjusted EBITDA €m 899.7 863.5 1,183.5 1,292.8 1,579.0
Operating result (EBIT) €m 400.1 655.1 865.9 921.9 1,266.8
Operating result before effects from impairment tests €m 581.0 536.9 819.3 914.0 1,161.7
Group result €m 301.4 433.2 554.8 631.4 873.6
Adjusted Group result €m 354.5 342.2 549.0 610.4 798.6
Total assets €m 11,283.6 11,704.8 11,838.6 11,987.7 17,111.6
Equity €m 5,690.8 5,941.0 6,568.0 6,807.4 6,362.9
Net debt €m 2,843.8 2,560.7 2,256.1 1,881.2 3,510.8
Additions to property, plant and equipment €m 231.0 292.5 438.9 628.5 842.8
Cash flow from operating activities €m 640.6 664.1 1,204.3 1,182.1 98.2
Free cash flow before dividends €m 416.1 415.3 817.4 582.1 -1,010.1
Free cash flow after dividends €m 293.5 237.2 639.3 299.5 -1,329.5
EBITDA margin % 31.7 32.4 30.4 37.5 33.1
EBIT margin % 13.7 24.5 22.2 26.7 26.5
Return on capital employed (ROCE) % 4.2 5.6 7.8 9.6 11.4
Return on equity (ROE) % 5.4 8.2 10.2 10.7 15.0
Equity ratio (adjusted) % 52.4 52.7 57.7 58.6 38.2
Gearing % 50.0 43.1 34.4 27.4 55.2
Net Debt/EBITDA X 3.1 3.0 1.9 1.5 2.2
FFO/Net Debt (Net Debt Coverage) % 30.0 28.7 44.3 57.7 36.6
Gross debt coverage (FFO) % 28.1 25.7 41.0 52.6 31.9
Gross interest cover (FFO) X 8.1 7.3 11.9 19.4 24.9
Closing price 20.1 37.2 44.7 69.8 98.9
Market capitalisation €m 6,998.7 12,937.8 15,543.4 24,267.0 34,359.4
Earnings per share 0.87 1.25 1.60 1.82 2.51
Cash flow per share 1.8 1.9 3.5 3.4 0.3
Carrying amount per share 14.6 15.3 17.0 17.7 15.7
Price/earnings ratio (last trading day) X 23.2 29.9 28.0 38.4 39.3
Price/cash flow ratio X 10.9 19.5 12.9 20.5 350.0
Price/book value ratio X 1.4 2.4 2.6 4.0 6.3
(Proposed) dividend per share 0.42 0.42 0.69 0.75 1.05
Dividend yield % 2.1 1.1 1.5 1.1 1.1
Payout ratio from Group result % 48.4 33.7 43.2 41.3 41.8
Entity Value/EBITDA X 10.7 17.9 15.0 20.2 24.0
Average number of employees Number 2,819.0 2,742.0 2,772.0 2,870.0 3,184.0
Electricity sales volume GWh 58,518.3 58,908.3 62,178.6 62,741.0 58,896.0
Hydro coefficient X 0.99 0.94 1.01 1.01 0.95
New renewables coefficient X 1.03 0.90 1.01 1.00 0.91

For detailed information on the calculation of key figures and adjustments, please refer to the explanations in the foot notes of the 2019 Integrated Annual Report / Five-year comparison.