Historical summary

at 31 December	2017	2016	2015	2014	2013	2012
Result (in thousand €)
Revenue	416,426	410,457	385,440	363,953	357,363	397,288
Gross profit	239,495	237,107	222,215	208,653	203,185	223,843
EBITDA¹	27,479	37,528	41,115	31,284	22,272	38,143
Operating profit	14,425	26,035	30,699	23,042	12,284	23,719
Net profit	9,525	19,015	22,559	16,860	8,198	14,418
Depreciation, amortisation and impairment	12,847	11,168	9,825	8,242	9,988	14,424
Cash flow²	22,579	30,508	32,975	25,102	18,186	28,842
Net investment	21,177	16,209	15,372	12,207	4,633	10,262

Capital (in thousand €)
Total assets	156,730	143,617	131,677	117,123	102,485	110,855
Equity	70,184	76,878	75,750	68,635	57,963	55,832

Figures per share
Net profit in €	0.43	0.87	1.03	0.77	0.38	0.67
Cash flow in €	1.03	1.37	1.50	1.15	0.84	1.33
Dividend paid in €	0.37	0.74	0.87	0.65	0.27	0.47
Average number of outstanding shares (in 1,000 of shares)	21,956	21,956	21,947	21,855	21,734	21,681
Share price in € at year-end	13.24	16.90	22.48	17.20	17.61	13.20

Ratios
Revenue growth	1.5%	6.5%	5.9%	1.8%	-10.0%	0.1%
Gross profit/revenue	57.5%	57.8%	57.7%	57.3%	56.9%	56.3%
EBITDA/revenue	6.6%	9.1%	10.7%	8.6%	6.2%	9.6%
Operating profit/revenue	3.5%	6.3%	8.0%	6.3%	3.4%	6.0%
Net profit/revenue	2.3%	4.6%	5.9%	4.6%	2.3%	3.6%
Solvency	44.8%	53.5%	57.5%	58.6%	56.6%	50.4%

Other information
Number of stores at year-end	1,188	1,206	1,161	1,127	1,175	1,219
Number of FTE at year-end	2,849	2,765	2,513	2,369	2,420	2,495
Revenue per FTE (in € 1,000)	146	148	153	154	148	159

¹ Operating profit plus depreciation, amortisation, impairments and carrying amount of disposals. Before 2015, the operating profit was not adjusted for the carrying amount of disposals.
² Net profit plus depreciation, amortisation, impairments and carrying amount of disposals. Before 2015, net profit was not adjusted for the carrying amounts of disposals.

Annual Report 2017