5 year comparison of VERBUND's key figures

Key figure Unit 2014 2015 2016 2017 2018
Revenue €m 2,880.4 2,969.6 2,795.9 2,913.2 2,847.9
EBITDA €m 808.8 888.7 1,044.2 922.3 864.2
Adjusted EBITDA €m 889.6 838.8 894.5 899.7 863.5
Operating result (EBIT) €m 384.4 410.6 615.1 400.1 655.1
Operating result before effects from impairment tests €m 423.5 528.6 704.9 581.0 536.9
Profit/loss after tax from discontinued operations €m 25.1 – – – –
Group result €m 126.1 207.7 424.4 301.4 433.2
Adjusted Group result €m 216.0 268.9 325.9 354.5 342.2
Total assets €m 12,247.3 11,763.0 11,538.2 11,283.6 11,704.8
Equity €m 5,280.5 5,433.3 5,529.5 5,690.8 5,941.0
Net debt €m 4,059.6 3,685.4 3,221.7 2,843.8 2,560.7
Additions to property, plant and equipment €m 412.3 269.3 255.3 231.0 292.5
Cash flow from operating activities €m 717.6 674.0 804.3 640.6 664.1
Free cash flow before dividends €m 284.7 551.4 580.7 416.1 415.3
Free cash flow after dividends €m -133.6 392.7 415.7 293.5 237.2
EBITDA margin % 28.1 29.9 37.3 31.7 30.3
EBIT margin % 13.3 13.8 22.0 13.7 23.0
Return on capital employed (ROCE) % 3.2 3.9 5.7 4.2 6.1
Return on equity (ROE) % 3.3 4.7 8.4 5.4 8.2
Equity ratio (adjusted) % 44.7 48.2 50.0 52.4 52.7
Gearing % 76.9 67.8 58.3 50.0 43.1
Net Debt/EBITDA X 5.0 4.1 3.1 3.1 3.0
FFO/Net Debt (Net Debt Coverage) % 18.2 23.9 32.1 30.0 28.7
Gross debt coverage (FFO) % 16.1 22.8 30.4 28.1 25.7
Gross interest cover (FFO) X 2.8 5.2 8.7 8.1 7.3
Closing price € 15.3 11.9 15.2 20.1 37.2
Market capitalisation €m 5,313.7 4,120.4 5,272.0 6,998.7 12,937.8
Earnings per share € 0.36 0.60 1.22 0.87 1.25
Cash flow per share € 2.1 1.9 2.3 1.8 1.9
Carrying amount per share € 13.3 13.8 14.0 14.6 15.3
Price/earnings ratio (last trading day) X42.1 19.8 12.4 23.2 29.9
Price/cash flow ratio X 7.4 6.1 6.6 10.9 19.5
Price/book value ratio X 1.2 0.9 1.1 1.4 2.4
(Proposed) dividend per share € 0.29 0.35 0.29 0.42 0.42
Dividend yield % 1.9 3.0 1.9 2.1 1.1
Payout ratio from Group result % 79.9 58.5 23.7 48.4 33.7
Entity Value/EBITDA X 11.6 8.8 8.1 10.7 17.9
Average number of employees 3,245.0 3,089.0 2,922.7 2,819.0 2,742.0
Electricity sales volume GWh 50,823.0 51,374.9 55,188.5 58,518.3 58,908.3
Hydro coefficient 1.02 0.93 1.00 0.99 0.94
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For detailed information on the calculation of key figures and adjustments, please refer to the explanations in the foot notes of the 2018 Integrated Annual Report / Five-year comparison.