People and Technology: the Heritage we offer you

Key financials

Min Eur 2014FY PF(1) 2015FY 2016FY 2017FY
Revenues 207,4 212,3 215,2 216,2
Adjusted EBITDA 105,1 109,3 111,3 115,5
Adjusted EBITDA margin % 50,7% 51,5% 51,7% 53,4%
Pre-tax profit 52,1 58,9 63,5 79,8
Net income 33,6 38,9 41,8 56,3
Maintenance CAPEX 21,0(2) 18,1 16,2 12,5
Development CAPEX - 12,1 3,3 11,2(3)
Net financial position 65,5 41,6 9,4 4,8
Net financial position / Adj. EBITDA 0,62x 0,38x 0,08x 0,04x
Cash conversion(4) 80,0% 83,5% 85,5% 89,2%
 

(1) In 2014, Pro Forma figures assume FY impact of the new service contracts with RAI

(2)  2014 Capex figure includes investments in tangible assets, investments in intangible assets and financial lease cash-out

(3) Includes € 7.4 million of M&A Capex

(4) Cash conversion = (Adj EBITDA – Maintenance Capex) / Adj EBITDA