Here, you can find our consolidated financial statements for 2015.

Etex revenue 2015 Etex revenue 2015
Revenue Etex 2015 Cashflow Etex 2015

Consolidated income statement

IN THOUSANDS OF EUR NOTES 2014 2015
Revenue (1) 2,986,853
3,054,240
Cost of sales
(2)
-2,142,765
-2,199,376
Gross profit  
844,088
854,864
Distribution expenses (2) -390,314
-413,150
Administrative and general expenses
(2)
-185,332
-183,293
Other operating charges
(3)
-29,365
-28,410
Other operating income
(3) 9,640
10,682
Operating income before non recurring items
 
248,717
240,693
Gain and losses on disposal of assets and businesses (4) 8,649 7,919
Other non recurring items (4) -75,542
-119,471
Operating income (EBIT)   181,824
129,141
Interest income (5) 2,066
3,261
Interest expenses (5) -74,038
-66,652
Other financial income (5) 7,162
9,152
Other financial expense (5) -7,611
-9,784
Share of profit in equity accounted investees (12) 856
1,027
Profit before income tax   110,259
66,146
Income tax expense (6) -15,548
-28,606
Profit for the year from continuing operations   94,711 37,540
Attributable to shareholders of Etex   91,546
36,305
Attributable to non-controlling interests   3,165
1,235

 

Consolidated statement of cash flows

IN THOUSANDS OF EUR NOTES 2014 2015
Operating income (EBIT)   181,824
129,141
Depreciation, amortisation and impairment losses (26) 182,737
236,445
Losses (gains) on sale of intangible assets and property, plant and equipment (26) -8,958
-3,815
Losses (gains) on sale of businesses   -427
-5,042
Income tax paid (26) -62,831
-62,531
Changes in working capital, provisions and employee benefits (26) 43,432
11,048
Changes in other non-current assets/liabilities   -8,941
-1,210
Cash flow from operating activities   326,836
304,036
Proceeds from sale of intangible assets and property, plant and equipment (26) 15,253
6,243
Acquisition of business (net of cash)   -146,569
-19,506
Disposal of business (net of cash)   8,515
33,431
Capital expenditure (26) -198,246
-186,717
Interest and dividend received (26) 7,964
4,199
Other   2 57
Cash flow from investing activities   -313,081
-162,293
Capital increase   10 1
Proceeds (repayment) of borrowings   72,948
8,301
Dividend paid (26) -29,896 -31,504
Interest paid   -60,841
-54,291
Other   -1 -
Cash flow from financing activities   -17,780
-77,493
Net increase (decrease) in cash and cash equivalents   -4,025 64,250
       
Cash and cash equivalents at the beginning of the year   103,744
102,231
Translation differences   2,667
-1,096
Changes in the scope of consolidation   -155
-3,557
Net increase (decrease) in cash and cash equivalents   -4,025
64,250
Cash and cash equivalents at the end of the year   102,231
161,828
Cash and cash equivalents   107,112
167,152
Bank overdrafts   -4,881
-5,324

 

Consolidated statement of financial position

IN THOUSANDS OF EUR NOTES 2014 2015
Non-current assets   2,384,617
2,312,227
Property, plant and equipment (7) 1,745,019
1,716,118
Goodwill and other intangible assets (8) (9) 456,730
402,184
Investment properties (10) 18,261
17,183
Assets held for sale (11) 4,589
4,162
Investments in equity accounted investees (12) 36,943
37,348
Other non-current assets (13) 8,668
13,973
Deferred tax assets (24) 113,074
113,284
Employee benefits assets (21) 1,333
7,975
Current assets   1,005,474
1,021,143
Inventories (15) 492,698
488,339
Trade and other receivables (14) 404,585
348,112
Other current assets (14) 1,079
17,540
Cash and cash equivalents (17) 107,112
167,152
TOTAL ASSETS   3,390,091 3,333,370
       
Total equity   924,484
918,971
Issued share capital   4,492
4,492
Share premium   3,724
3,724
Reserves and retained earnings   882,848
875,226
Attributable to the equity shareholders of Etex   891,064
883,442
Non-controlling interests   33,420
35,529
Non-current liabilities   1,463,159
1,478,422
Provisions (19) 179,587
148,263
Employee benefits liabilities (21) (22) 314,410
309,188
Loans and borrowings (23) 719,527
809,386
Deferred tax liabilities (24) 196,230
172,663
Other non-current liabilities (25) 53,405
38,922
Current liabilities   1,002,448
935,977
Provisions (19) 72,202
73,538
Current portion of loans and borrowings (23) 292,761
208,449
Trade and other liabilities (25) 637,485
653,990
TOTAL EQUITY AND LIABILITIES   3,390,091 3,333,370