Demant · Annual Report 2020 Key figures and financial ratios – year (DKK million) Hearing Healthcare Revenue Organic growth Gross margin Operating profit (EBIT) EBIT margin Communications Revenue Organic growth Gross margin Operating profit (EBIT)* EBIT margin Group 2020 2019 2018 2017 2016 13,163 -13% 73.6% 1,211 9.2% 14,946 4% 75.8% 2,085 14.0% 13,937 7% 77.4% 2,428 17.4% 13,189 9% 76.0% 2,295 17.4% 12,002 6% 75.2% 1,891 15.8% 1,306 - - - - - - - - - 50.3% - - - - 102 66 104 43 51 7.8% - - - - Income statement Revenue Adjusted gross margin** Gross margin EBITDA EBITDA margin Adjusted EBIT** Adjusted EBIT margin** Operating profit (EBIT) EBIT margin Net financial items Profit for the year Balance sheet Total assets Net interest-bearing debt (NIBD) Equity Cash flow statement Adjusted cash flow from operating activities (CFFO)** Cash flow from operating activities (CFFO) Investment in property, plant and equipment, net Free cash flow Share buy-backs Other key figures Return on equity Equity ratio Gearing multiple (NIBD/EBITDA) Earnings per share (EPS)*** Free cash flow per share (FCFPS)*** Price/earnings (P/E) ratio Share price, end of period*** Average number of shares outstanding Market capitalisation Average number of employees 14,469 71.5% 70.4% 2,578 17.8% 1,313 9.1% 1,530 10.6% -194 1,134 14,946 75.8% 75.8% 3,110 20.8% 2,151 14.4% 2,151 14.4% -240 1,467 13,937 77.7% 77.4% 2,978 21.4% 2,652 19.0% 2,532 18.2% -164 1,830 13,189 76.3% 76.0% 2,742 20.8% 2,504 19.0% 2,338 17.7% -111 1,759 12,002 75.8% 75.2% 2,346 19.5% 2,130 17.7% 1,942 16.2% -101 1,464 21,927 7,135 8,279 21,798 8,185 7,645 17,935 5,835 7,059 16,222 4,030 7,433 15,548 4,036 6,966 2,710 2,621 493 2,023 197 2,149 2,149 561 1,338 946 1,765 1,683 409 1,185 1,751 2,023 1,872 292 1,387 1,031 1,756 1,679 299 1,223 1,050 14.3% 37.8% 2.8 4.68 8.44 51.4 240.60 239.78 57,718 16,155 19.5% 35.1% 2.6 6.00 5.49 35.0 209.80 243.55 50,470 15,352 25.7% 39.4% 2.0 7.32 4.76 25.3 184.90 249.14 45,308 14,250 24.0% 45.8% 1.5 6.84 5.41 25.4 173.50 256.56 43,864 13,280 21.5% 44.8% 1.7 5.53 4.64 22.2 122.80 263.75 31,829 12,339 Financial ratios are calculated in accordance with “Recommendations and Ratios” from CFA Society Denmark. The free cash flow is calculated as the sum of cash flow from operating activities (CFFO) and investing activities (CFFI) before acquisitions and disposals of enterprises, participating interests and activities. On computation of the return on equity, average equity is calculated, duly considering share buy-backs. The gearing multiple is calculated as net interest-bearing debt relative to EBITDA. *EBIT for Communications in 2016-2019 relates to the Group’s share of profit after tax from our former joint venture Sennheiser Communications. **Adjusted for costs related to the 2016-2018 restructuring programme and for EPOS one-offs in 2020. ***Per share of nominally DKK 0.20. 4 Insights and highlights · Key figures and financial ratios
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