Financial information

01 Key financial information

Key financial information

Revenue
€ million201620172018
Revenue 11,006 11,705 13,190
Change N/N-1 -8% +6% +13%

Current operating profit
€ million201620172018
Current operating profit 386 362 359
Change N/N-1 +12% -6% -1%

Net profit attributable to the Group
€ million201620172018
Net profit attributable to the Group 355 328 226
Change N/N-1 +121 -27 -102

Net cash/(Net debt)
€ million201620172018
Net cash (Net debt) 517 433 (517)
Change N/N-1 (in M€) -43 -84 -950

Dividend per share for fiscal year
€ per share201620172018
Dividend per share 8.20 8.20 5.55
Change N/N-1 +50% +0% -68%

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 2018: 1,310 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
31/12/2015140.80
31/12/2016140.85
31/12/2017181.50
31/12/2018140.00

Source : NYSE-Euronext

03 Dividends

Dividends per share, payout ratio and yield since 2015

The Group regularly pays out dividends that amount to an average of 78% of net profit from 2015 to 2018, as in the chart below:

 
  In euros
2015201620172018
  Net profit per share
7.16
10.87
10.04
6.93
  change
- 61%
+52%
-8%
-31%
  Net dividend per share
5.45
8.20
8.20
5.55
  change
- 64.6%
+50.46%
=
-32,32%
  Paid out on
27/04/16
02/05/17
03/05/18
02/05/2019
  Payout ratio (1)
76%
74%
82%
80%
  Net yield (2)
3.87%
5.82%
4.52%
3.96%

(1) Total dividend/Consolidated net profit.

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

04 Shareholders' base

 

 

05 Simplified consolidated accounts for 2018

Simplified consolidated accounts for 2018

Consolidated balance sheet
In millions of euros Year 2018Year 2017Year 2016
Property, plant and equipment 2,619 2,384 2,394
Intangible assets 213 107 92
Goodwill 674 512 500
 Joint ventures and associates 394 396
375
Other non-current financial assets 192 197 183
Deferred tax assets and non-current tax receivables 145 154 172
Non-current assets 4,237 3,750 3,716
Inventories and receivables 4,598 4,168 3,930
Cash and financial instruments 574 694 776
Current assets 5,172 4,862 4,706
Held-for-sale assets and operations 331
TOTAL assets 9,740 8,612 8,422
Equity attributable to the Group 2,790 2,797 2,680
Non-controlling interests 29 30 33
Equity 2,819 2,827 2,713
Non-current debt 553 126 125
Non-current provisions 804 884 917
Deferred tax liabilities and non-current tax liabilities 124 60 71
Non-current liabilities 1,461 1,070 1,113
Trade and other payables, current provisions 4,577 4,580 4,462
Current debt 58 40 73
Bank overdrafts and financial instruments 500 95 61
Current liabilities 5,135 4,715 4,596
Liabilities related to held-for-sale operations 325
TOTAL equity and liabilities 9,740 8,612 8,422

Consolidated income statement
In millions of euros Year 2018Year 2017Year 2016
Revenue 13,190 11,705 11,006
Current operating profit 359 362 386
Other operating items (31) (5) (62)
Operating profit 328 357 324
Cost of net debt (31) (14) (13)
Other finance income (expense) (2) 1 74
Income tax  (96) (75) (108)
Share of net profits/losses of joint ventures and associates 28 61 82
Net profit 227 330 359
Net profit/(loss) attributable to non-controlling interests 1 2 4
Net profit attributable to the Group 226 328 355

Consolidated cash flow statement
In millions of euros Year 2018Year 2017Year 2016
Cash from operations  792 764 699
Income tax paid (132) (86) (148)
Changes in working capital related to operating activities (295) (205) 66
Cash flows from operating activities (a) 365 473 617
Operating capital expenditures (net) (300) (343) (366)
Purchase price and proceeds from disposals of nonconsolidated companies and other investments (720) (79) 67
Other cash flows related to investing activities 42 (16) 13
Cash allocated to investing activities (b) (978) (438) (286)
Dividends paid (270) (91) (358)
Change in current and non-current debt 391 (34) (17)
Cost of net debt and miscellaneous (34) (15) (13)
Cash flows from financing activities (c) 87 (140) (388)
Effect of foreign exchange fluctuations (d) (12) (12)
Net change in cash and cash equivalents (a+b+c+d) (526) (117) (69)
Net cash at the beginning of year 600 717 786
Smac Group: Cash disclosed in held-for-sale activities and operations balance 1
Net cash and cash equivalent at end of year 75 600 717


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