Financial information

01 Key financial information

Key financial information

Revenue
€ million20122013
restated*
201420152016
Revenue 13,036 12,845 12,396 11,960 11,006
Change N/N- +5% - -3% -3.5% -8%

Current operating profit
€ million20122013
restated*
201420152016
Current operating profit 406 390 332 344 386
Change N/N-1 -13% - -15% +4% +12%

Net profit attributable to the Group
€ million20122013
restated*
201420152016
Net profit attributable to the Group 302 312 604 234 355
Change N/ N-1 -10% - +94% -61%

+52%

Net cash/(Net debt)
€ million20122013
restated*
201420152016
Net cash (Net debt) (170) 31 682 560 517
Change N/ N-1 (en M€) -198 - +651 -122 -43

Dividend per share for fiscal year
€ per share20122013
restated*
201420152016
Dividend per share 7.26 7.26 15.40 5.45 8.20
Change N/ N-1 +0% +0% +112% -65% +50%

* All figures as at December 31, 2013 have been restated following the change in consolidation method as of January 1, 2014 (application of IFRS 11).

02 The Colas share

To take into consideration the payment of a special dividend of 11.40 euros per share, the quoted market price and traded volume were adjusted for the period prior to April 27, 2015. The adjustment amounts to the last closing price prior to the payment of the special dividend (148.20 euros, equal to 159.60 euros, minus 11.40 euros) divided by the closing price prior to payment (159.60 euros). The resulting coefficient was rounded out to 0.9286. The quoted market price is multiplied by the coefficient, while the traded volume is divided by the same coefficient.

Share information

    • Listing market: Euronext Paris, Compartment A
    • Nominal share value: 1.50 euro
    • ISIN Code : FR 0000121634
    • Average daily volumes in 2016: 1,262 shares
    • Continuous market eligible for deferred settlement service (SRD)
  • ID codes:

     o Reuters : COLP.PA

     o Bloomberg : RE.FP

Share price
Closing proce in euros onColas share price
31/12/2012108.64
31/12/2013114.21
31/12/2014123.04
31/12/2015140.80
31/12/2016140.85

Source : NYSE-Euronext

03 Dividends

Dividends per share, payout ratio and yield since 2012

The Group regularly pays out dividends that amount to an average of 78% of net profit from 2012 to 2016, as in the chart below:

 
  In euros
20122013201420152016
  Net profit per share
9.23
9.55
18.49
7.16
10.87
  change
- 10%
+ 3%
+ 94%
- 61%
+52%
  Net dividend per share
7.26
7.26(3)
15.40
5.45
8.20*
  change
=
=
+ 112%
- 64.6%
+50.46%
  Paid out on
 29/04/13
29/04/14
 -
27/04/16
02/05/17
  Payout ratio (1)
79%
76%
83%
76%
74%
  Net yield (2)
6.21%
5.90%
11.62%
3.87%
5.82%

(1) Total dividend/Consolidated net profit.

(2) Yield calculated compared to closing price on December 31

04 Shareholders' base

As of December 31, 2016, the Shareholder Base is as follows:

 
 

05 Simplified consolidated accounts for 2016

Simplified consolidated accounts for 2016

Consolidated balance sheet
In millions of euros Year 2016Year 2015
Property, plant and equipment 2,394 2,392
Intangible assets 92 86
Goodwill 500 507
Investments in joint ventures and associates 375
307
Other non-current financial assets 183 212
Deferred tax assets and non-current tax receivables 172 165
Non-current assets 3,716 3,669
Inventories and receivables 3,930 3,538
Cash and financial instruments 776 866
Current assets 4,706 4,404
TOTAL assets 8,422 8,073
Equity attributable to the Group 2,680 2,693
Non-controlling interests 33 31
Equity 2,713 2,724
Non-current debt 125 176
Non-current provisions 917 837
Deferred tax liabilities and non-current tax liabilities 71 73
Non-current liabilities 1,113 1,086
Trade and other payables, current provisions 4,462 4,133
Current debt 73 44
Bank overdrafts and financial instruments 61 86
Current liabilities 4,596 4,263
TOTAL equity and liabilities 8,422 8,073

Consolidated income statement
In millions of euros Year 2016Year 2015
Revenue 11,006 11,960
Current operating profit 386 344
Other operating items (62) (95)
Operating profit 324 249
Cost of net debt (13) (19)
Other finance income (expense) 74 (2)
Income tax expenses (108) (68)
Income from joint ventures and associates 82 78
Net profit 359 238
Net profit attributable to non-controlling interests 4 4
Net profit attributable to the Group 355 234

Consolidated cash flow statement
In millions of euros Year 2016Year 2015
Cash from operations before tax 699 670
Income tax paid (148) (104)
Changes in working capital related to operating activities 66 128
Cash flow from operating activities (a) 617 694
Operating capital expenditures (net) (366) (331)
Purchase price and proceeds from disposals of nonconsolidated companies and other investments 67 22
Other cash flows related to investing activities 13 5
Cash flows from investing activities (b) (286) (304)
Dividends paid (358) (504)
Change in current and non-current debt (17) (53)
Cost of net debt and miscellaneous (13) (18)
Cash flows from financing activities (c) (388) (575)
Effect of foreign exchange fluctuations (d) (12) 15
Net change in cash and cash equivalents (a+b+c+d) (69) (170)
Net cash at the beginning of year 786 956
Net cash and cash equivalent at end of year 717 786