Nedap develops technological solutions for social issues. The central focus is not on the technology, but on the use. This results in products that make people’s lives easier, more pleasant and more sustainable. Nedap was established in 1929 as ‘De Nederlandsche Apparatenfabriek N.V.’ in Amsterdam, and has been located in Groenlo since 1947.

Mission and focus

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.

Markets and employees

Apart from in the Netherlands, Nedap has offices in Belgium, Great Britain, Germany, France, Spain, China, Dubai and the USA. More than 680 employees work at these, in total. The  business    units   focus on product development, marketing and sales. Production and logistics is carried out by its own subsidiaries, and by suppliers. In order to be able to serve the local markets in 104 countries optimally, Nedap works together with business partners.

Financial objectives:

Nedap’s primary financial target is sustainable value creation in the form of cash flow-generating company equity in the short and the long term.

Through the Changing Gears programme, Nedap expects to achieve the following financial results:

1. High and growing added value per FTE.

2. Long-term autonomous revenue growth. Recurring revenue that outgrows total revenu in the coming years.

3. Operating profit, excluding one-off items, of at least 10% in 2018, 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 at least 45% and net debt / EBITDA of a maximum 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 payout ratios over the coming years too.

Key figures201620152014
Revenu in  millions of euros186,0180,9177,2

Revenu growth

3%2%2%

Recurring revenues growth

18%20%13%

Added value as % of revenu

64%62%64%

Added value per FTE (x € 1.000)

158153155

Profit excluding one-off items in millions of euros

14,311,112,4

Profit excluding one-off items in % of revenue

8%6%7%

Profit for the financial year in millions of euros

10,84,717,9
Profit per share (x € 1)1,610,702,67
Profit per share excluding one-off items (x € 1)1,771,671,46
Dividend per share (x € 1)1,401,281,25
ROIC19%16%18%
Net debt / EBITDA1,00,90,8
Solvency48%48%50%

Board of Directors and Supervisory Board

Ruben Wegman (CEO) and Eric Urff (CFO) form the Board of Directors, which, together with managers of the market groups, perform the day-to-day management of the company.
The Supervisory Board consists of Foeke Kolf (chairman), Jo van Engelen, Désirée Theyse and Michiel Westermann.

Share

Nedap’s shares are listed on NYSE Euronext Amsterdam. 6,692,920 shares have been issued. In 2016, the profit per share was 1.61 euros.

Dividend Policy

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 payout ratios over the coming years too.