Here, you can find our consolidated financial statements for 2016.

Revenue by activity  Revenue Geo 2

Revenue Recurring operating cash flow

Consolidated income statement

IN THOUSANDS OF EUR NOTES 2015 2016
Revenue (1) 3,054,240
2,883,026
Cost of sales
(2)
-2,199,376
-2,022,331
Gross profit  
854,864
860,695
Distribution expenses (2) -413,150
-405,976
Administrative and general expenses
(2)
-183,293
-178,848
Other operating charges
(3)
-28,410
-29,435
Other operating income
(3) 10,682
9,938
Operating income before non recurring items
 
240,693
256,374
Gain and losses on disposal of assets and businesses (4) 7,919
-2,198
Other non recurring items (4) -119,471
-16,833
Operating income (EBIT)   129,141
237,343
Interest income (5) 3,261
3,520
Interest expenses (5) -66,652
-69,873
Other financial income (5) 9,152
930
Other financial expense (5) -9,784
-12,331
Share of profit in equity accounted investees (12) 1,027
1,250
Profit before income tax   66,146
160,839
Income tax expense (6) -28,606
-30,875
Profit for the year from continuing operations   37,540
129,964
Attributable to shareholders of Etex   36,305
127,199
Attributable to non-controlling interests   1,235
2,765

 

Consolidated statement of cash flows

IN THOUSANDS OF EUR NOTES 2015 2016
Operating income (EBIT)   129,141
237,342
Depreciation, amortisation and impairment losses (26) 236,445
166,417
Losses (gains) on sale of intangible assets and property, plant and equipment (26) -3,815
-1,633
Losses (gains) on sale of businesses   -5,042
-52,062
Income tax paid (26) -62,531
-57,997
Changes in working capital, provisions and employee benefits (26) 11,048
-327
Changes in other non-current assets/liabilities   -1,210
-1,429
Cash flow from operating activities   304,036
290,311
Proceeds from sale of intangible assets and property, plant and equipment (26) 6,243
5,716
Acquisition of business (net of cash)   -19,506
-20,753
Disposal of business (net of cash)   33,431
175,083
Capital expenditure (26) -186,717
-137,616
Interest and dividend received (26) 4,199
4,719
Other   57 -1
Cash flow from investing activities   -162,293
27,148
Capital increase   1 0
Proceeds (repayment) of borrowings   8,301
-78,976
Dividend paid (26) -31,504
-36,153
Interest paid   -54,291
-53,748
Other   0 0
Cash flow from financing activities   -77,493
168,877
Net increase (decrease) in cash and cash equivalents   64,250
148,582
       
Cash and cash equivalents at the beginning of the year   102,231
161,828
Translation differences   -1,096
-19,443
Changes in the scope of consolidation   -3,557
-11,535
Net increase (decrease) in cash and cash equivalents   64,250
148,582
Cash and cash equivalents at the end of the year   161,828
279,432
Cash and cash equivalents   167,152
283,235
Bank overdrafts   -5,324
-3,803

 

Consolidated statement of financial position

IN THOUSANDS OF EUR NOTES 2015 2016
Non-current assets   2,312,227
2,210,172
Property, plant and equipment (7) 1,716,118
1,581,014
Goodwill and other intangible assets (8) (9) 402,184
397,557
Investment properties (10) 17,183
23,657
Assets held for sale (11) 4,162
6,375
Investments in equity accounted investees (12) 37,348
37,197
Other non-current assets (13) 13,973
14,110
Deferred tax assets (24) 113,284
150,262
Employee benefits assets (21) 7,975
0
Current assets   1,021,143
1,041,507
Inventories (15) 488,339
431,876
Trade and other receivables (14) 348,112
317,665
Other current assets (14) 17,540
8,731
Cash and cash equivalents (17) 167,152
283,235
TOTAL ASSETS   3,333,370
3,251,679
       
Total equity   918,971
888,581
Issued share capital   4,492
4,492
Share premium   3,724
3,724
Reserves and retained earnings   875,226
851,932
Attributable to the equity shareholders of Etex   883,442
860,148
Non-controlling interests   35,529
28,433
Non-current liabilities   1,478,422
1,134,221
Provisions (19) 148,263
162,696
Employee benefits liabilities (21) (22) 309,188
399,278
Loans and borrowings (23) 809,386
398,934
Deferred tax liabilities (24) 172,663
139,545
Other non-current liabilities (25) 38,922
33,768
Current liabilities   935,977
1,228,877
Provisions (19) 73,538
51,029
Current portion of loans and borrowings (23) 208,449
523,008
Trade and other liabilities (25) 653,990
654,840
TOTAL EQUITY AND LIABILITIES   3,333,370
3,251,679