For consumers

PANDORA

Financial Reporting

KEY FIGURES

 

DKK million 2016 2015 2014 2013 2012
           
Consolidated income statement          
Revenue 20,281 16,737 11,942 9,010 6,652
Gross profit 15,223 12,193 8,423 5,999 4,429
Earnings before interest, tax, depreciation and amortisation (EBITDA) 7,922 6,214 4,294 2,881 1,658
Operating profit (EBIT) 7,404 5,814 4,072 2,681 1,475
Net financials 246 -469 -200 61 4
Net profit for the year 6,025 3,674 3,098 2,220 1,202
           
Consolidated balance sheet          
Total assets 15,085 13,311 10,556 9,275 8,414
Invested capital 9,396 8,255 6,080 5,976 5,900
Operating working capital 2,780 2,388 1,990 1,846 2,039
Net interest-bearing debt (NIBD)1 2,448 1,921 -1,121 -637 -183
Equity 6,794 6,139 7,032 6,462 6,038
           
Consolidated cash flow statement          
Net increase/decrease in cash 5 -245 431 361 165
Free cash flow 5,358 2,449 3,868 1,956 1,151
Cash conversion, % 72.4% 42.1% 95.0% 73.0% 78.0%
           
Growth ratios          
Revenue growth, % 21% 40% 33% 35% 0%
Gross profit growth, % 25% 45% 40% 35% -9%
EBITDA growth, % 27% 45% 49% 74% -27%
EBIT growth, % 27% 43% 52% 82% -28%
Net profit growth, % 64% 19% 40% 85% -41%
           
Margins          
Gross margin, % 75.1% 72.9% 70.5% 66.6% 66.6%
EBITDA margin, % 39.1% 37.1% 36.0% 32.0% 24.9%
EBIT margin, % 36.5% 34.7% 34.1% 29.8% 22.2%
           
Other ratios          
Effective tax rate, % 21.2% 31.3% 20.0% 19.0% 18.7%
Equity ratio, % 45.0% 46.1% 66.6% 69.7% 71.8%
NIBD to EBITDA, x 0.3 0.3 -0.3 -0.2 -0.1
Return on invested capital (ROIC), % 78.8% 70.4% 67.0% 44.9% 25.0%
           
Share information          
Dividend per share, DKK 9.00 13.00 9.00 6.50 5.50
Total payout ratio (incl. share buyback), % 91.5% 135.8% 104.1% 63.7% 59.5%
Earnings per share, basic, DKK 52.8 30.9 25.0 17.2 9.2
Earnings per share, diluted, DKK 52.5 30.7 24.7 17.0 9.2
Share price at year-end, DKK 924.0 872.0 504.5 294.0 124.5
           
Other key figures          
Capital expenditure (CAPEX), DKK million 1,199 1,109 455 490 276
Capital expenditure, tangible assets (CAPEX), DKK million 828 706 297 182 167
Store network, total number of points of sale 8,131 9,271 9,906 10,279 10,374
Store network, total number of concept stores 2,138 1,802 1,410 1,100 895
Average number of full-time employees 17,770 13,971 9,957 6,910 5,753

For information about definitions and calculations of key figures and financial ratios, please refer to note 5.6 in the Annual Report 2016.