• Economic highlights
    [Euro ‘000] 2020 2019 2018 2017 2016 2015 2014
    Revenue 1,225,229 1,214,230 1,193,388 1,140,214 925,806 876,309 858,401
    EBITDA 278,329 255,222 235,918 224,045 209,963 191,322 192,640
    EBITDA margin % 22.7% 21.0% 19.8% 19.6% 22.7% 21.8% 22.4%
    EBIT 174,484 146,920 152,785 143,455 138,169 116,610 130,931
    EBIT margin % 14.2% 12.1% 12.8% 12.6% 14.9% 13.3% 15.3%
    Financial income (expense) -12,946 -14,850 21,415 -13,242 28,535 1,521 2,222
    Profit before taxes 162,109 132,380 175,250 134,998 171,831 123,196 136,368
    Income taxes 37,212 37,295 32,462 15,784 42,988 25,298 27,394
    Profit for the year 124,987 95,085 142,788 119,214 128,843 97,898 108,975
    Profit for the period margin % 10.2% 7.8% 12.0% 10.5% 13.9% 11.2% 12.7%
    Group net profit 118,707 90,576 136,331 116,838 115,319 91,767 89,300
    Group net profit margin % 9.7% 7.5% 11.4% 10.2% 12.5% 10.5% 10.4%
  • Financial highlights
    [Euro ‘000] 2020 2019 2018 2017 2016 2015 2014
    Net capital employed (a) 1,249,154 1,352,065 1,308,514 1,150,826 1,218,592 940,117 988,916
    Total assets 1,841,236 1,909,930 1,828,792 1,639,339 1,722,610 1,283,593 1,281,560
    Total equity 1,040,275 1,020,876 927,639 783,763 769,262 780,996 767,375
    Group shareholders’ equity 890,175 849,752 767,571 695,275 667,398 654,177 592,381
    Net interest-bearing debt 785 138,819 195,279 185,360 241,984 68,142 117,028

    (a) Intangible assets + tangible assets + working capital

  • Profitability and financial structure ratios
      2020 2019 2018 2017 2016 2015 2014
    Return on Equity (a) 12.1% 9.8% 16.7% 15.4% 16.6% 12.6% 15.2%
    Return on average capital employed (ROCE) (b) 10.5% 8.4% 9.9% 12.1% 9.6% 9.6% 10.9%
    Equity ratio (c) 56.5% 53.5% 50.7% 47.8% 44.7% 60.8% 59.9%
    Net gearing ratio (d) 0.1% 13.6% 21.1% 23.7% 31.5% 8.7% 15.3%
    Net interest-bearing debt / EBITDA 0.0x 0.5x 0.8x 0.8x 1.2x 0.4x 0.6x

    (a) Net profit / Average equity
    (b) EBIT after effective tax rate / Net average capital employed
    (c) Total equity / Total assets
    (d) Net interest-bearing debt / Total equity

  • Employees
      2020 2019 2018 2017 2016 2015 2014
    Number of employees (at 31 Dec.) 2,951 2,969 3,012 2,939 2,918 2,580 2,583
    Number of employees in Denmark 702 727          720        735             722        722            690
  • Volumes sold
    ('000) 2020 2019 2018 2017 2016 2015 2014
    Grey and white cement (tonnes) 10,712 9,544 9,745 10,110 8,263 7,654 7,939
    Ready-mixed concrete (m3) 4,435 4,116 4,919 4,948 4,253 3,663 3,454
    Aggregates (tonnes) 9,531 9,710 9,953 9,335 4,462 3,813 3,259
Last update: 19/04/2021 | 09:35