Key figures

2011

2010

2009

2008

2007

Result (in EUR million)

Revenue

1,937.4

1,682.8

1,404.9

1,750.8

1,702.5

1,145.9

1,004.2

Operating profit (EBITDA)

279.4

248.2

168.8

251.6

254.2

Operating profit (EBITA)

 208.9

179.9

98.9

181.5

193.3

Net profit

145.8

117.3

54.2

105.0

128.0

Depreciation

70.5

68.3

69.9

70.1

60.9

Cash flow** (net profit plus depreciation)

216.3

185.6

124.1

175.1

188.9

Cash flow from operations

240.5

264.5

230.1

Balance sheet (in EUR million)

Intangible fixed assets

609.2

584.8

594.7

410.2

Property, plant and equipment

530.4

493.6

516.3

444.9

Capital expenditure

 84.3

 63.2

45.1

110.5

108.8

Net working capital

 304.0

243.6

315.8

292.0

Total equity

 858.5

 745.7

626.5

587.0

538.2

Net debt

 593.7

630.6

765.2

524.9

Total assets

 1,932.0

 1,777.5

1,577.9

1,703.4

1,434.5

Number of staff at year-end

Industrial Services

4,701

4,026

3,706

4,253

4,356

Flow Control

6,276

6,608

6,544

Other

 18

 16

17

19

18

Total

 12,282

 11,536

9,999

10,880

10,918

Ratios

EBITDA as a % of revenue

14.8

12.0

14.4

14.9

EBITA as a % of revenue

 10.7

7.0

10.4

11.4

Interest cover ratio (twelve months-rolling)

 12.9

 10.4

5.8

6.0

7.3

Net profit** as a % of revenue

 7.0

3.9

6.0

7.5

Total equity as a % of balance sheet total

 42.0

39.7

34.5

37.5

Net debt / Total equity

 0.7

 0.8

1.0

1.3

1.0

Leverage ratio (twelve months-rolling)

 2.0

 2.3

3.4

2.9

2.0

Shares issued (million)

Ordinary shares (average)

107.5

106.4

106.1

103.3

101.7

Ordinary shares (at year-end)

108.1

106.7

106.1

103.3

102.0

Cumulative preference shares

-

-

0.45

1.00

Figures per ordinary share (in EUR)

Cash flow**

2.01

1.74

1.17

1.69

1.86

Net profit**

1.36

1.10

0.51

1.02

1.26

Dividend

0.13

0.28

0.32

Share price at year-end

12.98

 15.77

10.09

5.06

13.60