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 figures in millions of euros or expressed as a percentage*20172016Growth
Revenue182.2163.212%

Recurring revenues

30.925.422%

Added value as % of revenue

62%65%

Added value per FTE (x € 1,000)

172164

Operating profit excl. one-off items

9%7%

Profit for the financial year

28.010.8160%

Earnings per share (x € 1)

€ 4.21€ 1.61

Earnings per share excl. one-off items (x € 1)

€ 2.02€ 1.77
Dividend per share (x € 1)€ 2.50€ 1.40
Return on invested capital (ROIC)22%19%
Net debt/EBITDA0.61.1
Solvency55%50%

*2016 results adjusted to take Nsecure deconsolidation into account

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, Desiree Theyse and Michiel Westermann.

Share

Nedap’s shares are listed on NYSE Euronext Amsterdam. 6,651,543 shares have been issued. In 2017, the profit per share was 4.21 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.