Organic growth of 6.0%
Key points in 2012:
- Turnover increased 11.1% to € 547.0 million
- Organic growth in turnover of 6.0%
- REBITDA increased 19.9% to € 87.4 million
- EBITDA increased 23.9% to € 75.3 million
- EBIT increased 25.5% to € 58.1 million
- Net profit increased 55.7% to € 43.8 million
- Operational working capital decreased 12.1% to € 51.3 million
- Dividend proposal for 2012: € 0.60 per share, 20.0% higher than in 2011
Ger van Jeveren, Arseus CEO: “2012 was an excellent year for Arseus. Turnover grew organically by no less than 6.0%, while EBIT increased by 25.5% to € 58.1 million. All other profitability indicators also increased faster than turnover in 2012. This is a clear confirmation that our strategic focus on developing and continually launching in-house developed innovative products and concepts is a success. This is a result we can be proud of.
Fagron further consolidated its position as global market leader in 2012 with acquisitions in Brazil, Poland, Colombia, Denmark and the United States. Fagron has also entered into a partnership in Australia. Fagron is able to integrate acquisitions quickly and smoothly thanks to its outstanding track record and the quality of the organisation. As a result, the acquisitions make a positive contribution to the profit per share for Arseus from the start.
The current net financial debt/REBITDA ratio of 2.64 combined with a strong operational cash flow gives sufficient room to finance the well-filled acquisition pipeline and also pay our shareholders a healthy, steadily increasing dividend for the fifth year in a row. For 2013 we again expect healthy organic growth and profitability that is expected to grow faster than turnover.”
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