| Financial data (€) |
2005 |
2006 |
2007 |
2008 |
|
€ '000 |
€ '000 |
€ '000 |
€ '000 |
| Total revenue |
52.367.172 |
74.778.234 |
102.959.571 |
120.253.126 |
| (Loss)/profit from proprietary trading |
1.897.243 |
2.398.231 |
152.247 |
(6.648.862) |
| Profit on disposal and revaluation of investment properties |
7.882.346 |
11.930.262 |
28.104.573 |
13.671.431 |
| Total contribution from operations |
33.311.634 |
46.586.700 |
72.023.900 |
50.454.473 |
| Cash contribution from operations |
21.504.357 |
33.398.552 |
51.013.433 |
40.700.130 |
| Cash operating costs |
(15.468.507) |
(17.698.900) |
(23.158.916) |
(26.306.106) |
| Cash operating profit |
6.035.850 |
15.699.652 |
27.854.518 |
14.394.024 |
| Financial expenses |
(8.321.707) |
(8.378.228) |
(6.966.337) |
(7.097.172) |
| Depreciation, amortisation and impairment loss of assets |
(3.932.790) |
(5.004.148) |
(3.974.084) |
(2.492.967) |
| Profit from operations |
5.588.629 |
15.282.023 |
37.924.563 |
14.558.228 |
| Share of profit/(loss) of associates |
2.918.551 |
6.364.626 |
4.858.454 |
183.997 |
| Profit on disposal of associates/subsidiaries |
- |
- |
1.527.886 |
(1.177) |
| Decrease in provision for doubtful debts and impairment loss |
- |
- |
(2.313.901) |
(414.885) |
| Profit for the year before taxation |
- |
- |
(512.580) |
(2,594.148) |
| Taxation |
8.507.180 |
21.750.857 |
41.484.422 |
31.599.742 |
| Minority interest |
(555.794) |
(1.926.551) |
(4.440.404) |
(2.877.564) |
| Profit attributable to equity holders of the parent |
(3.369.507) |
(6.027.409) |
(6.752.417) |
(9.173.366) |
| Total assets |
4.581.878 |
13.796.897 |
30.291.601 |
19.548.812 |
| Net increase/(decrease) in cash and cash equivalents |
251.689.192 |
294.457.739 |
319.208.333 |
303.415.814 |
| Cash in hand and at banks |
3.663.390 |
12.864.272 |
14.599.811 |
5.776.772 |
| Short term loans, current portion of long term loans and bank overdrafts |
9.982.282 |
8.749.755 |
23.983.762 |
28.694.906 |
| Long term loans |
29.429.850 |
36.625.606 |
33.148.710 |
35.272.561 |
| Total net debt |
93.788.022 |
88.827.298 |
69.446.346 |
43.565.137 |
| Convertible bonds |
113.235.591 |
116.703.149 |
78.611.294 |
50.142.792 |
| Shareholders equity |
47.837.543 |
64.158.039 |
113.668.337 |
126.915.952 |
| Total equity |
93.444.679 |
112.483.034 |
145.582.283 |
142.110.688 |
| Stock market capitalisation |
29.589.448 |
67.567.433 |
101.084.917 |
31.823.029 |
|
|
|
|
|
| |
|
|
|
|
| Per share data (€ cent) |
|
|
|
|
| Earnings per share (EPS) |
10,7 |
30,1 |
55,7 |
31,5 |
| Dividends per share (DPS) |
1,0 |
7,2 |
15,4 |
0,0 |
| Net asset value per share (NAV) |
110,2 |
136,7 |
182,2 |
203,4 |
| Market price at year end |
68 |
144 |
162 |
51 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
| Financial ratios |
|
|
|
|
| Staff costs/Total revenue |
17% |
13% |
10% |
95 |
| Total net debt/Total assets |
45% |
40% |
25% |
16% |
| Average cost of debt |
7,2% |
6,7% |
6,1% |
5,6% |
| Weighted average cost of capital (WACC) |
9,8% |
9,3% |
9,2% |
8,7% |
| Interest cover from cash operating profit |
73% |
187% |
400% |
203% |
| Return on weighted average shareholders equity |
10,8% |
24,6% |
34,1% |
16,3% |
OUR GROUP