Financial Figures

All important financial key figures compact and at a glance:

Key Figures

in € million Dec. 31, 2015 Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2012 Dec. 31, 2011
Revenues 285.3 218.5 185.9 175.1 164.0
EBITDA 69.5 56.8 46.3 40.9 39.3
as % of revenue 24.4% 26.0% 24.9% 23.4% 23.9%
EBIT 52.7 46.5 35.7 29.9 29.1
as % of revenue 18.5% 21.3% 19.2% 17.1% 17.7%
Net income (group shares) 35.9 31.5 24.0 19.5 20.8
per share in €* 0.93 0.82 0.62 0.51 0.54
Net income (group shares) before depreciation of PPA 42.8 35.3 29.7 25.3 27.1
per share in €* 1.11 0.92 0.77 0.66 0.70
Cash flow from operating activities 65.1 44.2 40.2 36.5 37.1
Free cash flow 23.7 -35.2 18.7 29.8 31.5
Net liquidity / net dept 3.3 -3.0 48.6 44.3 28.8
Balance sheet total 379.5 291.7 178.5 159.9 162.4
Equity ratio 44.0% 46.8% 66.2% 66.8% 63.9%
Headcounts as of balance sheet date 1,754 1,559 1,356 1,229 1,173
Closing price (Xetra) in €* 46.03 20.90 12.58 8.30 6.45

* For better comparability, the figures from previous years after the share split of 1 were presented to 4

Income Statement

for the period from January 1 to Dezember 31, 2015 and 2014

Thousands of € 2015 2014
Revenues 285,269 218,451
Own work capitalized 38 9
Other operating income 5,884 4,991
Operating income 291,191 223,451
Cost of materials / cost of purchased services -9,749 -8,620
Personnel expenses -127,084 -94,537
Depreciation of property, plant and equipment and amortization of intangible assets -16,781 -10,288
- thereof amortization of intangible assets due to purchase price allocation -10,131 -4,765
Other operating expenses -84,872 -63,501
Operating expenses -238,486 -176,946
Operating results (EBIT) 52,705 46,505
Interest income 178 152
Interest expenses -705 -224
Share of results of associated companies 970 -42
Other financial income 1,035 169
Earnings before taxes (EBT) 54,183 46,560
Income taxes -16,401 -13,102
Net income for the year 37,782 33,458
Other comprehensive income:
Difference from currency translation 10,482 59
Subtotal of items of other comprehensive income that will be reclassified to income in future periods 10,482 59
Gains / losses on revaluation of defined benefit pension plans -54 -318
Tax effect 16 89
Subtotal of items of other comprehensive income that will not be reclassified to income in future periods -38 -229
Subtotal other comprehensive income for the year 10,444 -170
Total comprehensive income for the year 48,226 33,288
Net profit or loss for the period attributable to:
Equity holders of the parent 35,896 31,486
Non-controlling interests 1,886 1,972
Net income for the year 37,782 33,458
Total comprehensive income for the year attributable to:
Equity holders of the parent 45,997 31,486
Non-controlling interests 2,230 1,803
Total comprehensive income for the year 48,227 33,288
Earnings per share (undiluted) in euros 0.93 0.82*
Earnings per share (diluted) in euros 0.93 0.82*
Average number of shares outstanding (undiluted, units) 38,500,000 38,500,000
Average number of shares outstanding (diluted, units) 38,500,000 38,500,000

* For better comparability, the figures from previous years after the share split of 1 were presented to 4

Balance Sheet

as of December 31, 2015 and as of December 31, 2014

Assets

Thousands of € December 31, 2015 December 31, 2014
Current assets
Cash and cash equivalents 83,966 56,968
Trade receivables, net 29,611 28,869
Inventories 530 725
Tax refunded claims for income taxes 2,467 2,509
Other current financial assets 78 10
Other current assets 9,297 9,301
Current assets, total 125,949 98,382
Non-current assets
Property, plant and equipment 13,792 10,800
Intangible assets 100,761 68,770
Goodwill 134,949 111,285
Investments in associates and non-current available-for-sale assets 1,863 892
Deferred tax assets 1,372 727
Non-current financial assets 51 59
Other non-current assets 793 772
Non-current assets, total 253,581 193,305
Total assets 379,530 291,687

Equity and Liabilities

 

Thousands of € December 31, 2015 December 31, 2014
Current liabilities
Short-term borrowings and current portion of long-term loans 18,577 12,000
Trade payables 6,590 5,784
Provisions and accrued liabilities 25,619 21,107
Deferred revenue 41,996 32,386
Income tax liabilities 3,707 4,712
Other current financial obligations 571 1,633
Other current liabilities 7,086 6,640
Current liabilities, total 104,146 84,262
Long-term borrowings without current portion 62,059 48,000
Deferred tax liabilities 24,315 15,438
Pensions and related obligations 1,744 1,667
Non-current financial obligations 13,732 1,336
Other non-current liabilities 6,617 4,408
Non-current liabilities, total 108,467 70,849
Equity
Subscribed capital 38,500 9,625
Capital reserve 12,485 41,360
Retained earnings 116,345 96,621
Other comprehensive income -2,498 -12,625
Equity (group shares) 164,832 134,981
Non-controlling interests 2,085 1,595
Equity, total 166,917 136,576
Total equity and liabilities 379,530 291,687

Cash Flow

for the period from January 1 to December 31, 2015 and 2014

Thousands of € 2015 2014
Profit (before tax) 54,183 46,560
Depreciation and amortization of fixed assets 16,781 10,288
Change in pension provision 23 146
Other non-cash transactions 70 -381
Portion of the result of non-controlling interests -970 42
Elimination of deconsolidation profit -498 0
Result from disposal of fixed assets 420 371
Cash flow for the period 70,009 57,026
Interest income -178 -152
Interest expenses 705 224
Change in other provisions 3,408 3,135
Change in trade receivables 12 -4,291
Change in other assets 2,348 4,257
Change in trade payables 276 217
Change in other liabilities 1,911 -5,555
Interest received 164 127
Income taxes received 1,150 1,026
Income taxes paid 14,683 -11,836
Cash flow from operating activities 65,122 44,178
Capital expenditure -7,629 -3,548
Cash received from disposal of shares 1,166 0
Cash received from disposal of fixed assets 205 185
Cash paid for acquisition of subsidiaries, net of cash acquired -35,145 -75,984
Cash flow from investing activities -41,403 -79,347
Dividend payments -15,400 -12,513
Cash paid to non-controlling interests -2,044 -2,374
Cash received from bank loans 32,000 60,000
Interest paid -629 -1,131
Repayments of borrowings -12,000 -830
Payments for acquisitions of non-controlling interests -1,877 -468
Cash flow from financing activities 50 42,684
Changes in cash and cash equivalents 23,769 7,515
Effect of exchange rate differences on cash and cash equivalents 3,229 900
Cash and cash equivalents at the beginning of the period 56,968 48,553
Cash and cash equivalents at the end of the period 83,966 56,968