össur annual report2009 - Euroland
össur annual report2009 - Euroland
össur annual report2009 - Euroland
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FINANCIAL RATIOS<br />
CONSOLIDATED STATEMENTS 2009 2008 2007 2006 2005<br />
INCOME Net sales 1 USD ‘000 330,580 346,835 331,966 248,653 159,827<br />
STATEMENT Gross profit 1 USD ‘000 201,815 214,203 192,033 154,797 94,771<br />
Operating expenses 2 USD ‘000 154,071 167,678 171,160 127,130 75,697<br />
Profit from operations USD ‘000 48,240 55,958 39,716 19,743 16,525<br />
Net profit USD ‘000 22,762 28,488 7,580 4,360 11,688<br />
EBITDA USD ‘000 66,988 79,440 64,392 39,493 25,832<br />
BALANCE SHEET Total assets USD ‘000 628,217 603,778 635,821 612,752 407,986<br />
Equity USD ‘000 312,223 249,648 250,282 161,639 152,829<br />
Net interest-bearing debt (NIBD) USD ‘000 157,633 234,281 283,106 350,252 175,281<br />
CASH fLOW Working capital from operating activities USD ‘000 44,473 58,070 43,991 24,663 18,954<br />
Cash provided by operating activities USD ‘000 69,155 52,835 45,701 15,988 15.481<br />
Cash flows from investing activities USD ‘000 ( 16,423 ) ( 6,648 ) ( 17,781 ) ( 179,052 ) ( 249,659 )<br />
Cash flows from financing activities USD ‘000 ( 4,284 ) ( 30,610 ) ( 25,289 ) 154,197 250,923<br />
Free Cash flow USD ‘000 58,629 46,187 38,762 6,352 8,791<br />
KEY fIGURES Sales Growth % ( 4.7 ) 4.5 33.5 55.6 28.4<br />
Operating margin % 14.6 16.0 12.0 8.0 10.3<br />
EBITDA margin % 20.3 22.9 19.4 15.9 16.2<br />
Equity ratio % 49.7 41.3 39.4 26.4 37.5<br />
Ratio of net debt to EBITDA 2.4 2.9 4.4 8.9 6.8<br />
Current ratio 2.3 1.1 0.9 0.6 2.1<br />
Return on equity % 8.1 11.0 4.0 3.0 14.9<br />
Employees Number 1,532 1,587 1,617 1,190 680<br />
MARKET Market value of equity 3 USD ‘000 529,151 349,263 672,024 605,572 695,125<br />
Number of shares Millions 454 423 423 385 385<br />
Price/earnings ratio, (P/E) 23.2 12.3 88.7 138.9 59.5<br />
Diluted EPS US Cent 5.30 6.73 1.94 1.13 3.52<br />
Diluted Cash EPS US Cent 9.66 12.29 8.24 6.27 6.33<br />
NOTES<br />
1 Distribution costs and revenues to/from customers have been reclassed to sales and marketing expenses years.<br />
2005 to 2008 to align with 2009 method of reporting.<br />
2 Excluding other income and restructuring expenses.<br />
3 Market value based on last trade at 30.12.2009 on Nasdaq OMX, Iceland and Denmark.<br />
All amounts in thousands of USD 57 <strong>annual</strong> report 09<br />
Össur hf. consolidated financial stateMents 2009
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