Historical summary

at 31 December	2016	2015	2014	2013	2012	2011
Result (in thousand €)
Revenue	410,457	385,440	363,953	357,363	397,288	397,035
Gross profit	237,107	222,215	208,653	203,185	223,843	224,410
EBITDA¹	37,528	41,115	31,284	22,272	38,143	46,798
Operating profit (EBIT)	26,035	30,699	23,042	12,284	23,719	38,288
Net profit	19,015	22,559	16,860	8,198	14,418	28,025
Depreciation, amortisation and impairment	11,168	9,825	8,242	9,988	14,424	8,510
Cash flow²	30,183	32,975	25,102	18,186	28,842	36,535
Net investment	16,209	15,372	12,207	4,633	10,262	13,082

Capital (in thousand €)
Total assets	143,617	131,677	117,123	102,485	110,855	114,571
Equity	76,878	75,750	68,635	57,963	55,832	62,015

Figures per share
Net profit in €	0.87	1.03	0.77	0.38	0.67	1.29
Cash flow in €	1.37	1.50	1.15	0.84	1.33	1.69
Dividend paid in €	0.74	0.87	0.65	0.27	0.47	1.10
Average number of outstanding shares (in 1,000 of shares)	21,956	21,947	21,855	21,734	21,681	21,660
Share price in € at year-end	16.90	22.48	17.20	17.61	13.20	13.99

Ratios
Revenue growth	6.5%	5.9%	1.8%	-10.0%	0.1%	6.0%
Gross profit/revenue	57.8%	57.7%	57.3%	56.9%	56.3%	56.5%
EBITDA/revenue	9.1%	10.7%	8.6%	6.2%	9.6%	11.8%
Operating profit/revenue	6.3%	8.0%	6.3%	3.4%	6.0%	9.6%
Net profit/revenue	4.6%	5.9%	4.6%	2.3%	3.6%	7.1%
Solvency	53.5%	57.5%	58.6%	56.6%	50.4%	54.1%

Other information
Number of stores at year-end	1,206	1,161	1,127	1,175	1,219	1,187
Number of FTE at year-end	2,765	2,513	2,369	2,420	2,495	2,451
Revenue per FTE (in € 1,000)	148	153	154	148	159	165

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 2016