Key Figures

Earnings ratios 20142015201620172018Chg. in %
Revenuein m€
1,086.3
1,223.6
1,343.0
1,533.0
1,559.6
2
EBITDA in m€
148.1
178.4
198.4
218.9
252.2
15
EBIT in m€
93.0
112.9
122.3132.5
161.2
22
Earnings after taxesin m€
57.0
65.089.0
83.9
114.2
36
EBITDA marginin %
13.6%
14.6%
14.8%
14.3%
16.2%
EBIT marginin %
8.6%

9.2%
9.1%8.6%
10.3%

Balance sheet ratios 12/31/201412/31/201512/31/201612/31/201712/31/2018Chg. in %
Balance sheet totalin m€1,031.11,175.91,423.81,465.21,353.9-8
Equityin m€370.9386.6454.9528.6550.84
Equity ratioin %36.0%32.9%32.0%36.1%40.7%
Working capital employed 1)in m€206.8243.3245.2238.4245.33
Net debt 2)
in m€351.1387.4364.6375.0323.3-14
Gearing 3)
in %85.0%100.2%80.1%70.9%58.7%

Cash-Flow and capex 20142015201620172018Chg. in %
Cash-Flow from operating activitiesin m€
82.4
106.9
167.8
161.3
85.5
-47
Cash-Flow from investing activitiesin m€-72.0-110.1-158.8-154.0-102.1-34
Cash-Flow from financing activitiesin m€32.750.7139.2-118.0-63.3-46
Capital expenditure 4)in m€108.4133.0144.4178.6183.63

Employees 12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
Chg. in %
Number of employees as of balance sheet date 5)Number4,1824,5535,0695,8874,303

Value creation 12/31/2014
12/31/2015
12/31/2016
12/31/2017
12/31/2018
ROCE (Return on capital employed 6)in %12.9%14.2%13.9%13.9%16.6%
ROE (Return on equity) 7)
in %16.8%17.2%21.2%17.1%21.2%
ROIC (Return on Invested Capital) 8)
in %10.5%11.0%11.7%10.4%13.6%

Stock exchange ratios 9) 12/31/201412/31/201512/31/201612/31/2017
12/31/2018
Chg. in %
Share price as of 31 Dec.; SIX Swiss Exchangein CHF
--5.35 CHF7.39 CHF
60.60* CHF
-
Number of shares issuedin m shares
--225.39225.39
22.54
-
Market capitalizationin m CHF
--1,205.821,665.61
1,365.84
-18
Earnings per share 10)in €
--2.311.98
2.99
51
Book value per share 11)in €
--20.1823.45
24.44
4

1) Working capital = stock + trade receivables – trade payables
2) Net financial debt = financial liabilities (current, non-current) – cash
3) Gearing = net financial debt/equity
4) Additions from property, plant and equipment and intangible assets according to schedule of investments
5) Number of employees on the reporting date (including temporary staff), previous years include Pankl Racing Systems AG
6) ROCE = EBIT/average capital employed; Capital employed = property, plant and Equipment + Goodwill + intangible assets + working capital employed
7) ROE = net result after tax/average equity
8) ROIC = NOPAT / average Capital Employed; NOPAT = EBIT – taxes
9) since Nov. 14, 2016 Listing on SIX Swiss Exchange
10) Previous year’s calculation adjusted to the new Number of shares
11) Equity / Number of Shares; Previous year’s calculation adjusted to the new Number of Shares
*) Price per share after reverse stock split

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