Income statement

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(M€)31.12.201631.12.2015
Revenue 1,327.4 1,383.8
Purchasing and personnel expenses (1,182.4) (1,233.3)
Amortisation and depreciation (18.3) (18.7)
Other net operating income (expense) 0.7 4.3
Changes in work in progress, semi-finished and finished goods (0.5) (0.3)
EBIT Adjusted 126.8 135.8
Restructuring costs - -
Operating Income (EBIT) 126.8 135.8
Net financial income (expense) (10.2) 0.9
Income taxes (38.7) (43.7)
Profits/(Losses) from non-current assets for sale - -
Net Profit 77.9 93.0
Profit per share (Basic and Diluted) 0.39 0.47

Statement of financial position

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(M€)31.12.201631.12.2015
Non-current assets 310.4 307.2
Non-current liabilities (61.1) (55.3)
  249.3 251.9
Inventories 125.0 121.2
Contract work in progress 358.9 346.4
Trade receivables 728.9 663.6
Trade payables (458.1) (416.0)
Progress payments and advances from customers (598.0) (635.8)
Provisions for risks and charges (14.1) (11.1)
Other net assets/(liabilities) (22.1) (3.8)
Net working capital 120.5 64.5
Net invested capital 369.8 316.4
Group equity 707.6 654.8
Third parties equity 0.2 0.3
Equity 707.8 655.1
Assets held for sale - -
Net Financial Position (positive net cash) (338.0) (338.7)

 

Statement of Cash Flows

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(M€)31.12.2016 31.12.2015 
Opening cash and cash equivalents 304.3   270.1  
Gross cash flow from operating activities 154.1   162  
Change in working capital (83.2)   8.9  
Changes in other operating assets and liabilities (17.2)   (68.5)  
Cash flow generated by (used in) operating activities 53.7   102.4  
Cash flow used in ordinary investing activities (15.8)   (14.7)  
Free operating cash-flow   37.9   87.7
Strategic investments (2.1)   (15.1)  
Other changes in investing activities 3.2   6  
Cash flow generated by (used in) investing activities (14.7)   (23.8)  
Dividends paid (36.0)   (30)  
Cash flow from financing activities (1.3)   (18)  
Cash flow generated by (used in) financing activities            (37.3)   (48,0)  
Exchange rate gain and losses, net 0.4   3.6  
Closing cash and cash equivalents 305.6   304.3