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PDF 5 Year Key Figures

  2017  2016 2015 2014 2013
Sales (million hectolitres) 9.556 9.678 9.100 8.974 7.033

 

INCOME STATEMENT (MDKK)

         
Net revenue 6.384 6,340 6,032 6,056 4,481
EBITDA 1.362 1,306 1,225 1,130 732
EBITDA margin (%) 21.3 20.6 20.3 18.7 16.3
Earnings before interest and tax (EBIT) 1.069 1,001 917 826 560
EBIT margin (%) 16.7 15.8 15.2 13.6 12.5
Income after tax from investments in associates 18 28 31 35 34
Other financial income and expenses, net -31 -31 -46 -60 -46
Profit before tax 1.056 998 902 801 548
Net profit for the year 831 784 711 624 480

 

BALANCE SHEET (MDKK)

         
Non-current assets 5,121 5,180 5,505 5,664 5,810
Total assets 6,778 6,076 6,748 7,024 6,925
Equity 2,814 2,911 2,935 2,818 2,133
Net interest-bearing debt 975 991 1,184 1,553 2,379
Net working capital -957 -881 -990 -814 -834
Invested capital 4.030 4.111 4.347 4.650 4.813

 

CASH FLOW (MDKK)

         
Operating activities 1.168 985 1,160 895 653
Investing activities -218 38 -123 -69 -2,837
Free cash flow 950 1,022 1,032 824 598

 

SHARE RATIOS (DKK)

         
Earnings per share (EPS) 15.9 14.7 13.0 11.3 9.4
Diluted earnings per share 15.9 14.6 12.9 11.2 9.3
Free Cash flow per share 17.8 19.2 18.9 14.9 11.7
Dividend per share 8.90 8.15 7.20 6.80  
Year-end price per share 371.8 272.6 280.1 217.4 147.2

 

EMPLOYEES

         
Average number of employees 2.299 2,350 2,314 2,374 1,935

 

FINANCIAL RATIOS (%)

         
Return on invested capital including goodwill (ROIC) 21 18 16 13 13
Return on invested capital excluding goodwill (ROIC) 32 28 23 19 17
Free cash flow as a percentage of net revenue 15 16 17 14 13
Cash conversion 114 130 145 132 125
Net interest-bearing debt/EBITDA 0.7 0.8 1.0 1.4 2,3*
Equity ratio 42 48 43 40 31
Return on equity (ROE) 29 27 25 25 28
Dividend payout ratio (DPR) 56 56 56 60 0

*calculated proforma with Hartwall's realised full-year EBITDA

 

Ratios comprised by the "Recommendations and Financial Ratios 2015" issued by the Danish Society of Financial Analysts have been calculated according to the recommendations.