Annual results 2019
| Income Statement | ||||||
| Consolidated, audited key figures | ||||||
| Dec 31, 2019 | Dec 31, 2018 | Change | ||||
| (million euro) | 12M | 12M | ||||
| Revenue | 332.2 | 343.8 | -3.4% | |||
| Operating result (EBIT) | 23.0 | 26.9 | -14.6% | |||
| Cash flow from operations (EBITDA) 1 | 31.2 | 33.5 | -6.8% | |||
| Financial result | -2.5 | -1.3 | 86.7% | |||
| Profit before taxes | 20.5 | 25.6 | -19.8% | |||
| Income tax expense | -5.1 | -7.6 | -32.1% | |||
| Profit from the period from the continuing operations | 15.4 | 18.0 | -14.7% | |||
| Result from assets held for sale | -0.1 | -0.1 | -7.8% | |||
Share in result of associates and joint ventures accounted for using the equity method | -0.2 | 0.9 | -126,5% | |||
| Result attributable to Non Controlling Interest | -0.7 | -0.3 | 103.7% | |||
Consolidated result attributable to equity holders (Group share in the profit) | 15.7 | 19.1 | -17.8% | |||
| Net cash flow 2 | 23.9 | 25.7 | -6.9% | |||
| Balance sheet | ||||||
| Consolidated, audited key figures | ||||||
| Dec 31, 2019 | Dec 31, 2018 | Change | ||||
| (million euro) | 12M | 12M | ||||
| Equity | 132.4 | 126.0 | 5.1% | |||
Net financial debt (+)/Net cash (-) 3 | 4.4 | -5.4 | -181.5% | |||
| Assets held for sale | 0.4 | 0.4 | 1.8% | |||
| Total assets | 276.7 | 255.7 | 8.2% | |||
| Consolidated, audited key figures per share | ||||||
| Dec 31, 2019 | Dec 31, 2018 | Change | ||||
| (euro) | 12M | 12M | ||||
Cash flow from operations (EBITDA) 1 | 3.99 | 4.29 | -7.0% | |||
| Profit before taxes | 2.62 | 3.27 | -19.9% | |||
Consolidated result attributable to equity holders (EPS) | 2.01 | 2.44 | -17.6% | |||
| Net cash flow 2 | 3.06 | 3.29 | -7.0% | |||
| Equity | 16.93 | 16.11 | 5.1% | |||
| Number of shares (end of period) | 7'818'999 | 7'818'999 | ||||
| Number of shares (average) | 7'818'999 | 7'818'999 | ||||
1 EBITDA (Earnings before Interest, Taxes, Depreciation and amortization) = Operating profit (EBIT) + Depreciation, amortization, write downs on trade receivables, write downs on inventory, changes in provisions
The JENSEN-GROUP adjusted the definition of EBITDA in order to further improve transparency: in last years, the movement in the related balance sheet accounts was used for the changes in provision. As from 2019 onwards the JENSEN-GROUP uses the amount in P&L. The 2018 ratio is restated accordingly. In 2018, the EBITDA disclosed amounted to 33,525 thousand euro, restated the EBITDA for the same period amounts to 31,823 thousand of euro.
2 Net cash flow = Consolidated result attributable to the equity holders + Depreciation, amortization, write downs on trade receivables, write downs on inventory, changes in provisions
3 Net financial debt (+)/Net cash (-)= Borrowings (Non-current and current) – Cash and cash equivalent