Nedap develops ‘Technology for life’: products that help people become more productive, more successful and more meaningful in their professional lives.

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.

Read more

 

Investor  presentation

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.

 

Key figures

 

Key figures
in millions of   euros or expressed as a percentage
20182017Growth
Revenue191.4182.25%
Recurring revenue37.230.920%
Added value   as % of revenue62%62%
Operating profit excl. one-off items19.415.922%
Operating profit  incl.  one-off items19.49.996%
Operating margin*10.2%8.7%
Net result **17.128.0-39%
Earnings per share (x €1)2.664.21-37%
Earnings per share excl. one-off items (x €1)2.662.0232%
Dividend per share (x €1)2.502.50
31/12/201831/12/2017
Net debt/EBITDA0.60.6
Solvency56%55%
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

Financial targets

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.