5 year history
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EUR 1,000, Financial period Jan 1 – Dec 31
2017
IFRS
2016
IFRS
2015
IFRS
2014
IFRS
2013
IFRS
Revenue
214,768
183,938
141,143
131,916
128,647
Change in revenue, %
16.8
30.3
7.0
-1.9
-4.3
EBIT from business operations
17,163
12,071
9,540
7,394
6,280
% of revenue
8.0
6.6
6.8
5.6
4.9
Operating profit (EBIT)
15,484
10,131
8,594
7,856
6,366
% of revenue
7.2
5.5
6.1
6.0
4.9
Profit before taxes and non-controlling interest
14,745
9,441
7,933
7,168
5,672
% of revenue
6.9
5.1
5.6
5.4
4.4
Profit for the financial year
11,586
7,604
6,189
6,147
4,390
Return on equity, %
20.9
17.4
19.5
22.7
17.5
ROCE, %
17.8
14.8
17.4
17.8
14.6
Equity ratio, %
40.7
40.0
37.8
39.5
35.9
Gross investments
7,589
30,186
9,867
3,565
2,344
% of revenue
3.5
16.4
7.0
2.7
1.8
Net gearing, %
43.0
55.9
41.6
56.5
73.4
Personnel, average
2,711
2,407
1,948
1,813
1,736
Personnel at year end
2,802
2,545
2,074
1,859
1,728
Wages and salaries
144,965
129,172
101,452
94,367
70,363
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Consolidated statement of comprehensive income
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EUR 1,000
Note
Jan 1 – Dec 31, 2017
Jan 1 – Dec 31, 2016
Revenue
7
214,768
183,938
Other operating income
9
446
517
Materials and services
12
-20,429
-13,893
Staff costs
13
-144,965
-129,172
Other operating expenses
-29,021
-26,440
Depreciation and amortization
20, 21
-5,315
-4,818
Operating profit (EBIT)
15,484
7.2%
10,131
5.5%
Financial income
15
538
555
Financial expenses
16
-1,277
-1,245
Profit before taxes
14,745
9,441
Income taxes
18
-3,160
-1,838
Profit for the financial year
11,586
7,604
Other comprehensive income, that may be subsequently reclassified to profit or loss
Foreign subsidiary net investment hedge
4.1.1
0
103
Currency translation differences
-727
-1,157
Change in fair value of investments available-for-sale
9
-6
Other comprehensive income for the year, net of tax
18
-718
-1,080
Total comprehensive income for the year
10,868
6,524
Profit for the financial year
Equity holders of the parent company
11,470
7,436
Non-controlling interest
115
168
11,586
7,604
Total comprehensive income attributable to
Equity holders of the parent company
10,759
6,356
Non-controlling interest
108
168
10,868
6,524
Earnings per share calculated from the profit attributable to equity holders of the parent company
Basic earnings per share, EUR
19
0.47
0.33
Diluted earnings per share, EUR
19
0.47
0.33
The notes are an integral part of the financial statements.
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Consolidated statement of financial position
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EUR 1,000
Note
Dec 31, 2017
Dec 31, 2016
ASSETS
Non-current assets
Tangible assets
20
3,524
2,910
Goodwill
21
59,014
58,128
Other intangible assets
21
17,875
18,036
Investments available-for-sale
22
691
680
Other non-current receivables
36
88
41
Deferred tax assets
35
79
365
Non-current assets, total
81,270
80,159
Current assets
Inventory
24
250
255
Trade and other receivables
25
52,507
49,180
Current tax assets
26
326
139
Cash and cash equivalents
27
10,074
4,750
Current assets, total
63,157
54,324
TOTAL ASSETS
144,427
134,483
EQUITY AND LIABILITIES
Capital attributable to equity
holders of the parent company
Share capital
28
5,000
5,000
Share premium account
28
6,701
6,701
Unrestricted equity fund
28
18,524
18,524
Own shares
28
-80
-386
Cumulative translation adjustment
28
-2,701
-1,981
Other reserves
28
228
219
Retained earnings
28
18,780
17,099
Profit for the financial year
28
11,470
7,436
Capital attributable to equity holders
of the parent company, total
57,923
52,613
Non-controlling interest
37
0
165
Equity, total
57,923
52,777
Non-current liabilities
Deferred tax liabilities
35
3,442
3,293
Interest-bearing liabilities
30
19,634
23,807
Other non-current liabilities
32
700
649
Non-current liabilities, total
23,776
27,750
Current liabilities
Interest-bearing liabilities
30
15,329
10,461
Trade and other payables
33
45,724
42,513
Current income tax liabilities
34
1,675
982
Current liabilities, total
62,728
53,956
Liabilities, total
86,504
81,706
TOTAL EQUITY AND LIABILITIES
144,427
134,483
The notes are an integral part of the financial statements.
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Consolidated statement of cash flows
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EUR 1,000
Note
Jan 1 - Dec 31, 2017
Jan 1 - Dec 31, 2016
OPERATING CASH FLOW
Cash receipts from customers
211,280
174,644
Operating expenses paid
-189,949
-165,607
Operating cash flow before financial items and taxes
21,331
9,037
Interest and payment paid for financial expenses
16
-773
-813
Interest received
15
55
44
Income taxes paid
18
-2,359
-2,606
Operating cash flow (A)
18,254
5,661
INVESTING CASH FLOW
Purchase of tangible and intangible assets
20, 21
-2,105
-1,879
Acquisition of subsidiaries, net of cash acquired
5
-3,108
-22,262
Proceeds from contingent asset
9
0
215
Proceeds from sale of tangible and intangible assets
9
26
24
Purchase of investments
25
0
-10
Loan receivables, decrease
25
0
45
Investing cash flow (B)
-5,187
-23,866
Cash flow after investments (A+B)
13,067
-18,204
FINANCING CASH FLOW
Share issue net of cost
28
0
13,937
Purchase of own shares
28
-262
-693
Acquisition of non-controlling interest
37
-1,696
0
Short-term loans, increase
30
607
11,685
Short-term loans, decrease
30
-5,855
-22,547
Long-term loans, increase
30
5,000
20,601
Long-term loans, decrease
30
0
-4,569
Payment of finance lease liabilities
30,31
-1,642
-1,184
Dividend paid and other profit distribution
28
-3,930
-3,046
Financing cash flow (C)
-7,777
14,184
Variation in cash (A+B+C) increase (+) / decrease (-)
5,290
-4,020
Assets at the beginning of the financial period
4,750
8,807
Exchange gains or losses on cash and cash equivalents
35
-37
Assets at the end of the financial period
27
10,074
4,750
The notes are an integral part of the financial statements.
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