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Today, Wavin - Jaarverslag.com

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<strong>Wavin</strong> Annual Report 2010 | page 1472010 2009 2008 2007 2006Consolidated in<strong>com</strong>e statementContinuing operationsRevenue including discontinued operations 1,231.3 1,159.6 1,581.2 1,618.5 1,501.5Revenue discontinued operations – – – (3.8) (6.1)Revenue contuinuing operations 1,231.3 1,159.6 1,581.2 1,614.7 1,495.4Cost of sales (939.0) (862.8) (1,192.7) (1,171.0) (1,086.2)Gross profit 292.3 296.8 388.5 443.7 409.2Other operating expenses (248.0) (249.3) (294.9) (291.2) (272.4)Result from operating activities before non-recurring operational result 44.3 47.5 93.6 152.5 136.8Non-recurring operational result (6.4) (14.6) (10.3) (2.7) (16.6)Result from operating activities 37.9 32.9 83.3 149.8 120.2Net fi nance costs (34.1) (35.4) (45.8) (35.0) (84.1)Share of profi t of associates 2.2 3.1 5.2 4.7 3.3Profi t on sale of associates – – – – 39.0Profit before in<strong>com</strong>e tax 6.0 0.6 42.7 119.5 78.4In<strong>com</strong>e tax in<strong>com</strong>e (expenses) 1.1 1.2 (10.6) (28.0) (6.0)Profit from continuing operations 7.1 1.8 32.1 91.5 72.4Discontinued operationsProfi t (loss) from discontinued operations (net of in<strong>com</strong>e tax) – – – 1.5 1.0Profit for the period 7.1 1.8 32.1 93.0 73.4Other key financialsEbitda 104.1 110.4 161.0 212.1 196.3Ebit 37.9 32.9 83.3 149.8 120.2Depreciation 47.1 50.1 54.2 51.6 50.8Ratios continuing operationsCash generated from operating activities 59.3 86.5 261.9 192.7 181.4Ebitda as percentage of revenue (%) 8.5% 9.5% 10.2% 13.1% 13.1%OtherAverage full time equivalents (×1) 6,602 6,709 7,867 7,308 7,069Number of employees at 31 December (×1) 6,089 6,266 6,963 6,794 6,704

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