Financial Highlights

Key Ratios

(thousand Euros)

Economic data20172016201520142013
Revenue884.434780,739705,601632,184560,151
Growth rate13,3%10.6%11.6%12.9%13.2%
Gross operating income (EBITDA)123.244106,41798,73685,11972,600
EBITDA margin13,9%13.6%14%13.5%13%
Operating income (EBIT)113.87399,59490,55880,66364,171
EBIT margin12,9%12.8%12.8%12.8%11.5%
Group net income77.87167,54456,74847,90934,450
Group net margin8,8%8.7%8%7.6%6.2%
Tax rate28,8%30.5%35.4%38.7%43.2%
FINANCIAL FIGURES20172016201520142013
Group shareholder's equity401.404337,017295,425251,908211,809
Non controlling interest668520653936799
Total assets871.154770,575700,745616,712549,531
Net working capital167.870160,404162,566134,341124,374
Cash flow73.20279,49744,33449,57844,132
DATA PER SINGLE SHARE (in euros)20172016201520142013
Net result per share2,081,811,511,280,93
Shareholders' equity per share10,739,007,906,735,69
OTHER INFORMATION20172016201520142013
Number of employees6.4566.0155.2454.6894.253

Income Statements

(thousand Euros)

CONSOLIDATED INCOME STATEMENTS20172016201520142013
Revenues884.434780,739705,601632,184560,151
Other income17.67219,57915,64317,08514,307
Purchases(15.269)(16,969)(14,049)(12,227)(10,644)
Personnel(431.555)(379,713)(349,721)(308,452)(269,893)
Services and other costs(329.924)(296,650)(256,137)(239,220)(214,726)
Amortization, depreciation and write-downs(12.353)(11,669)(9,371)(8,021)(7,949)
Other unusual (cost)/income8694,277(1,408)(686)(7,075)
Operating income113.87399,59490,55880,66364,171
(Loss)/gain on investments(585)(668)440--
Financial income/(expenses)(2.978)(1,520)(2,067)(1,396)(2,439)
Income before taxes110.31097,40588,93079,26761,732
Income taxes(31.765)(29,698)(31,502)(30,646)(26,652)
Net income78.84567,70757,41848,62135,080
Not controlling interest(674)(163)(680)(712)(630)
Group net result77.87167,54456,74847,90934,450

Balance sheets

(thousand Euros)

Consolidated statement of financial position20172016201520142013
Tangible assets21.55217,68617,02214,97613,553
Goodwill166.132157,429133,376126,763125,637
Other intangible assets15.52517,0169,6966,5496,363
Equity investments29.20114,1109,1053,91123
Financial assets6.3859,7395,6294,4714,275
Deferred tax assets24.66116,46617,33915,05213,997
Not current assets263.457232,445192,167171,722163,847
Work in progress93.65158,65157,92940,80121,910
Trade receivables357.082339,194302,250285,465271,166
Other current assets45.72644,81040,97327,66125,454
Financial assets2.0422,9252,2892,2451,010
Cash and cash equivalents109.19592,550105,13788,81966,145
Current assets607.697538,130508,577444,990385,684
TOTAL ASSETS871.154770,575700,745616,712549,531
Share capital4.8634,8634,8634,8634,840
Other reserves318.670264,610233,814199,135172,519
Group net income77.87167,54456,74847,90934,450
Group shareholders' equity401.404337,017295,425251,908211,809
Non controlling interest668520653936799
SHAREHOLDERS' EQUITY402.072337,537296,079252,843212,608
Payables to minority shareholders and corporate transactions22.27524,55819,74613,30635,364
Financial liabilities14.10231,05133,86931,03021,719
Employee benefits31.83830,40125,86624,45420,089
Deferred tax liabilities18.53918,56321,47115,63012,458
Provisions13.63510,54518,84914,77211,436
Not current liabilities100.388115,118119,80199,191101,067
Financial liabilities40.10535,67046,28045,09241,702
Trade payables100.15092,73577,68683,36068,124
Other current liabilities228.165189,144160,640135,202125,047
Provisions2743712601,024984
Current liabilities368.693317,921284,865264,678235,857
TOTAL LIABILITIES469.082433,038404,666363,869336,924
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES871.154770,575700,745616,712549,531

NET FINANCIAL POSITION AND CASH FLOW STATEMENT

(thousand Euros)

20172016201520142013
Short-term financial position71.13259,80561,14645,97225,453
M/L term financial position(14.102)(31,047)(32,960)(29,659)(20,442)
Total net financial position57.03028,75828,18616,3135,011

CASH AND CASH EQUIVALENTS20172016201520142013
Net cash flows from operating activities (A)73.20279,49744,33449,57844,132
Net cash flows from investment activities (B)(32.812)(67,909)(25,328)(31,933)(28,892)
Net cash flows from financing activities (C)(30.504)(5,186)357(5,761)5,011
Net cash flows (D)=(A+B+C)9.8876,40219,36311,88420,251
Cash and cash equivalents at period end86.39876,51170,10950,74538,861
Total change in cash and cash equivalents (D)9.8876,40219,36311,88420,251