Boskalis jaarverslagen 2011

Ten years Boskalis (1)(14)


(in € 1 million, unless stated otherwise)       2011   2010   2009   2008   2007   2006   2005   2004   2003 [2]   2002
                                             
Revenue (work done)       2,801   2,674   2,175   2,094   1,869   1,354   1,156   102   1,046   1,035
Order book (work to be done)   [3]   3,489   3,248   2,875   3,354   3,562   2,543   2,427   1,244   1,202   1,273
                                             
EBIT   [5]   354.1   401.9   249.3   339.1   245.5   150.3   82.3   47.5   69.6   99.6
EBITDA   [6]   590.5   621.5   444.9   454.6   348.1   236.8   162.5   136.5   148.9   166.2
Net result       254.3   310.5   227.9   249.1   204.4   116.6   62.7   33.9   70.9   82.1
                                             
Net group profit   [7]   261.0   312.9   229.2   250.1   207.1   117.0   63.3   34.1   70.9   82.1
Depreciation, amortization and impairment losses       236.4   219.6   195.7   115.4   102.5   86.6   80.2   89.0   79.3   66.6
Cash flow       497.4   532.5   424.8   365.6   309.6   203.6   143.5   123.1   150.2   148.7
                                             
Shareholders' equity   [3]   1,732.8   1,565.0   1,295.8   860.1   768.1   618.6   542.9   467.9   455.2   413.0
                                             
Average number of outstanding shares
(x 1,000)
  [8]   102,391   99,962   88,372   85,799   85,799   85,799   85,254   83,307   79,890   77,847
Number of outstanding shares
(x 1,000)
  [9]   103,472   100,974   98,651   85,799   85,799   85,799   85,799   84,522   81,768   77,910
Personnel (headcount)   [4]   13,935   13,832   10,514   10,201   8,577   8,151   7,029   7,033   3,186   3,285
                                             
Ratios (percentages)                                            
Operating result as % of the turnover       12.6   15.0   11.5   16.2   13.1   11.1   7.1   4.7   6.7   8.9
Return on capital employed   [10]   12.1   18.1   20.2   29.1   27.7   19.1   12.0   7.0   16.0   20.3
Return on equity   [11]   15.4   21.7   21.1   30.6   29.5   20.1   12.4   7.2   16.3   20.8
Solvency   [3] [12]   37.4   37.1   46.5   34.0   35.3   39.4   41.3   38.1   42.5   41.6
                                             
Figures per share
(x € 1.00)
                                           
Profit   [8] [13]   2.48   3.11   2.58   2.90   2.38   1.36   0.74   0.41   0.89   1.05
Cash flow   [8]   4.86   5.30   4.81   4.26   3.61   2.37   1.68   1.48   1.88   1.91
Dividend       1.24   1.24   1.19   1.19   1.19   0.68   0.37   0.25   0.35   0.42
                                             
Share price range
(x € 1.00)
                                           
(Depositary receipts of) ordinary shares       20.67   23.16   13.25   15.30   21.06   14.67   8.58   6.02   5.50   5.93
        38.46   36.58   28.45   42.45   46.25   25.48   18.75   8.33   7.72   11.85

(1) Figures taken from the financial statements. As from 2004 all amounts are in accordance with EU-IFRS.

(2) Results on work in progress from 2003 onwards based on work done and 2002 based on completed contracts.

(3) As at December 31, 2003 amended for EU-IFRS.

(4) As at December 31, 2004 amended for EU-IFRS.

(5) Consists of earnings before share in result of associated companies, finance income and expenses and taxation.

(6) Consists of earnings before share in result of associated companies, finance income and expenses, taxation, depreciation amortisation and impairment losses.

(7) As from 2004: net result + net profit attributable to non controlling interests.

(8) Weighted average number of outstanding shares less the number of shares owned by the company.

(9) Number of outstanding ordinary shares less the number of shares owned by the company as at December 31.

(10) Net result + interest paid on long-term loans as % of the average capital employed (shareholders’ equity + long-term loans).

(11) Net result as % of the average shareholders’ equity.

(12) Group equity as % of the balance sheet total (fixed assets + current assets).

(13) The dilution effect was practically nil up to and including the financial year 2011.

(14) On May 21, 2007 Royal Boskalis Westminster N.V. effected a share split on a three-for-one basis (three new shares for one old share) in order to increase the liquidity of the Boskalis share. For comparative purposes the data regarding the number of shares and figures per share of all the periods has been recalculated to the situation after the split of the ordinary Boskalis shares in 2007.

Added to My report add to My report Source: Annual review 2011, Other information, page 124