Highlights

 
 

Revenue

 

By market as at 12/31/2015

 

SALES IN €m

Food & Beverage Nutrition & Health    Personal    Care   Toll   Manufact.      Total              
253.8 124.1 9.5 10.4 397.8
+19.0% +27.3% +39.1% +6.0% +21.5%
Food & Beverage 253.8 +19%
Nutrition & Health 124.1 +27.3%
Personal Care 9.5 +39.1%
Toll-Manufacturing and miscellaneous 10.4 +6.0%
Total 397.8 +21.5%

Change 2015 vs 2014 in current currencies

 
 

By geographic area as at 12/31/2015

 

SALES IN €m

Europe / Africa    Americas   Asia / Pacific         Total         
145.5 205.0 47.4 397.8
+3.7% +42.2% +10.2% +21.5%
Europe / Africa 145.5 +3.7%
Americas 205.0 +42.2%
Asia / Pacific 47.4 +10.2%
Total 397.8 +21.5%

Change 2015 vs 2014 in current currencies

 

Income Statement

 
En M€ - IFRS Exercice 2015 Exercice 2014 (retraité IFRS5) Variation %
Chiffre d'affaires 397,8 320,8 +21,5%
Marge brute 229,7 194,1 +18,4%
% marge brute 57,7% 59,3%  
Subvention d'exploitation 2,2 2,7  
Autres produits de l'activité 4,9 3,9  
Charges de personnel (90,0) (77,3) +16,5%
Charges externes (92,0) (83,2) +10,7%
Impôts et taxes (2,5) (2,6)  
Autres charges opérationnelles courantes (0,8) (0,8)  
EBITDA courant 51,4 36,8 +39,6%
% EBITDA courant 12,9% 11,2%  
Amortissements et dépréciations (25,1) (22,0) +14,2%
Résultat opérationnel courant 26,3 14,8 +77,3%
% marge opérationnelle courante 6,6% 4,5%  
Autres charges opérationnelles non courantes (3,2) (7,1)  
Autres produits opérationnels non courants - -  
Résultat opérationnel 23,1 7,7 +200,7%
% marge opérationnelle 5,8% 2,3%  
Coût de l'endettement financier net (7,2) (8,3)  
Autres produits et charges financiers (1,2) (0,6)  
Résultat avant impôt 14,7 (1,2)  
Charge d'impôt (11,3) (2,4)  
Résultat net des activités poursuivies 3,3 (3,6)  
% rentabilité nette 0,8% -1,2%  
Résultat net des activités abandonnées (2,8) (0,5)  
Résultat net, part du Groupe 0,6 (4,1)  

 

€ millions - IFRS FY 2015 FY 2014 (restated IFRS5)  %
Revenue 327.4 327.4 +21.5%
Gross margin 194.1 194.1 +18.4%
Gross margin (%) 59.3% 59.3%  
Operating subsidies 2.7 2.7  
Other operating income 3.9 3.9  
Staff costs (77.3) (77.3) +16.5%
External charges (83.2) (83.2) +10.7%
Taxes other than on income (2.6) (2.6)  
Other current operating expenses (0.8) (0.8)  
Recurring EBITDA 51.4 36.8 +39.6%
Recurring EBITDA margin (%) 12.9% 11.2%  
Amortisation, depreciation and impairment (25.1) (22.0) +14.2%
Current operating income (EBIT) 26.3 14.8 +77.3%
Current operating margin (%) 6.6% 4.5%  
Other non-current operating expenses (3.2) (7.1)  
Other non-current operating income - -  
Net operating income 23.1 7.7 +200.7%
Operating margin (%) 5.8% 2.1%  
Net borrowing costs (7.2) (8.3)  
Other financial income and expenses (1.2) (0.6)  
Income before tax 14.7 (1.2)  
Income tax expense (11.3) (2.1)  
Net income from continuing operations 3.3 (3.6)  
Net margin (%) 0.8% -1.2%  
Net income from discontinued operations (2.8) (0.5)  
Net income attributable to the Group 0.6 (4.1)  
 

Balance Sheet

€ millions - IFRS 31/12/2015 31/12/2014
ASSETS    
Non-current assets 355.3 343.0
Goodwill 173.6 159.4
Other intangible assets 21.7 22.7
Property, plant and equipment 151.9 146.0
Financial assets 2.0 1.9
Equity accounted investees - 3.9
Deferred tax assets 6.1 9.1
Current assets 309.2 283.2
Inventories 159.0 164.6
Current derivatives - -
Tax receivables 3.4 4.9
Trade and other receivables 79.6 80.5
Current Financial assets - 2.7
Cash and cash equivalents 57.9 29.3
Non-current assets held for sale 9.3 1.2
TOTAL ASSETS 664.5 626.2
€ millions - IFRS 31/12/2015 31/12/2014
EQUITY AND LIABILITIES    
 Shareholder's equity 367.1  351.4 
Non-current liabilities 182.1 190.6
Long-term financial debt 159.0 171.7
Non-current derivatives 1.5 1.5
Employee benefits 10.4 7.6
Deferred tax liabilities 11.2 9.8
Current liabilities 115.3 84.2
Current financial debt 29.0 17.8
Current derivatives 0.7 0.7
Current provisions 1.1 0.5
Current tax liabilities 1.9 1.4
Trade and other payables 82.6 63.5
Bank credit facilities 0.0 0.2
TOTAL EQUITY AND LIABILITIES 664.5 626.2
 

Cash Flow statement

 
€ millions - IFRS 31/12/2015 31/12/2014
Cash flow 50.1 36.4
Tax paid (3.9) (11.2)
Change in WCR 33.8 14.9
Net cash provided by operating activities 80.0 40.1
Net Cash provided by investing activities (24.0) (85.5)
Net cash provided by financing activities (24.3) 62.8
Net cash provided by discontinued activities (3.6) (1.0)
Change in cash 28.1 16.4
Opening cash 57.9 29.1
Closing cash 29.1 12.6
Effect of foreign exchange changes on cash holdings (0.7) (0.1)
 
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