OPERATIONAL CASH FLOW INCREASES 71% TO € 72 MILLION
Key points 2011:
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Turnover growth of 16.1% to € 492.3 million
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REBITDA increases 20.7% to € 72.9 million
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EBITDA increases 24.8% to € 60.8 million
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EBIT increases 28.4% to € 46.3 million
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Net profit increases 25.2% to € 28.1 million
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Operational working capital decreases 18.3% to € 58.4 million
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Operational cash flow: +71.3% to € 72.1 million
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Dividend proposal 2011: € 0.50 per share, 14% higher than in 2010
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Gross dividend based on the 2011 closing price amounted to 4.5%
Ger van Jeveren, CEO of Arseus: ‘2011 was an excellent year for Arseus. As a result of a consistent execution of the strategy and the continuing professionalisation of the organisation, REBITDA, EBITDA, EBIT and net profit grew faster than turnover once again in 2011.
The focus on own brands, innovative concepts and solutions with substantial added value ensured that Arseus suffered little from the constantly changing economic conditions.
Thanks to Arseus’s strong results and the excellent management of the working capital, we were able to grow the operational cash flow by more than 71% to € 72.1 million. The current net financial debt/REBITDA ratio of 2.48 combined with the significantly improved operational cash flow gives us adequate room to finance our well-filled acquisition pipeline and also pay out a nice dividend to our shareholders.
For 2012 we expect healthy organic growth and profitability that is expected to once again grow faster than turnover.’
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