Nedap gets markets moving, with technology that matters. Innovations realised by Nedap contribute to solutions for issues in areas such as mobility, security, energy management and healthcare. To this end, new technologies are incorporated, in creative and innovative ways, into elegant, user-friendly products.
Nedap has prepared an investor presentation, which is used in meetings with investors and financial analysts. The presentation is based on the full year results of 2018.
Please click here for the latest version of the presentation.
in millions of euros or expressed as a percentage
|Added value as % of revenue||62%||62%||–|
|Operating profit excl. one-off items||19.4||15.9||22%|
|Operating profit incl. one-off items||19.4||9.9||96%|
|Net result **||17.1||28.0||-39%|
|Earnings per share (x €1)||2.66||4.21||-37%|
|Earnings per share excl. one-off items (x €1)||2.66||2.02||32%|
|Dividend per share (x €1)||2.50||2.50||–|
|Return on invested capital (ROIC)***||25%||22%|
* Defined as operating profit excluding one-off items expressed as % of revenue
** Profit for the 2017 financial year includes €19.1 million profit from discontinued operations (Nsecure)
*** ROIC is operating profit excluding one-off items, divided by the invested capital (fixed assets + net working capital – (associate & non-consolidated company))
How we create value
Download the Value Creation Model: Value Creation Model
Our primary financial target is sustainable value creation in the form of cash flow-generating company equity in the short and the long term. We expect to achieve the following financial results:
1. High and growing value added per FTE.
2. Long-term autonomous revenue growth. Recurring revenue that outgrows total revenue in the coming years.
3. Operating profit, excluding one-off items, of at least 10%, increasing further in the following years.
4. Return on invested capital (ROIC) that outgrows profitability.
5. A conservative financing structure reflected by a solvency rate of > 45% and
net debt/EBITDA of <1.5. Temporary deviation from this target is possible for strategic reasons.
6. Profits are paid out to shareholders, after deduction of the amount needed for investments in profitable growth and the intended financial structure. Given the organisation’s increased capital efficiency and scalability, we expect high pay-out ratios over the coming years too.