Financial information

01 Key financial information

Key financial information

Revenue
€ million2013
restated*		2014201520162017
Revenue 12,845 12,396 11,960 11,006 11,705
Change N/N-1 - -3% -3.5% -8% +6%

Current operating profit
€ million2013
restated*		2014201520162017
Current operating profit 390 332 344 386 362
Change N/N-1 - -15% +4% +12% -6%

Net profit attributable to the Group
€ million2013
restated*		2014201520162017
Net profit attributable to the Group 312 604 234 355 328
Change N/N-1 - +94% -61%

 +52% -8%

Net cash/(Net debt)
€ million2013
restated*		2014201520162017
Net cash (Net debt) 31 682 560 517 433
Change N/N-1 (in M€) - +651 -122 -43 -84

Dividend per share for fiscal year
€ per share2013
restated*		2014201520162017
Dividend per share 7.26 15.40 5.45 8.20 8.20
Change N/N-1 +0% +112% -65% +50% +0%

* 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 2017: 1,654 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
31/12/2017181.50

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 2017, as in the chart below:

 
  In euros
201220132014201520162017
  Net profit per share
9.23
9.55
18.49
7.16
10.87
10.04
  change
- 10%
+ 3%
+ 94%
- 61%
+52%
-8%
  Net dividend per share
7.26
7.26
15.40
5.45
8.20
8.20
  change
=
=
+ 112%
- 64.6%
+50.46%
=
  Paid out on
 29/04/13
29/04/14
 -
27/04/16
02/05/17
03/05/18
  Payout ratio (1)
79%
76%
83%
76%
74%
82%
  Net yield (2)
6.21%
5.90%
11.62%
3.87%
5.82%
4.52%

(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 2017

Simplified consolidated accounts for 2017

Consolidated balance sheet
In millions of euros Year 2017Year 2016
Property, plant and equipment 2,384 2,394
Intangible assets 107 92
Goodwill 512 500
Investments in joint ventures and associates 396
375
Other non-current financial assets 197 183
Deferred tax assets and non-current tax receivables 154 172
Non-current assets 3,750 3,716
Inventories and receivables 4,190 3,930
Cash and financial instruments 694 776
Current assets 4,884 4,706
TOTAL assets 8,634 8,422
Equity attributable to the Group 2,819 2,680
Non-controlling interests 30 33
Equity 2,849 2,713
Non-current debt 126 125
Non-current provisions 884 917
Deferred tax liabilities and non-current tax liabilities 60 71
Non-current liabilities 1,070 1,113
Trade and other payables, current provisions 4,580 4,462
Current debt 40 73
Bank overdrafts and financial instruments 95 61
Current liabilities 4,715 4,596
TOTAL equity and liabilities 8,634 8,422

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

Consolidated cash flow statement
In millions of euros Year 2017Year 2016
Cash from operations before tax 764 699
Income tax paid (120) (148)
Changes in working capital related to operating activities (171) 66
Cash flow from operating activities (a) 473 617
Operating capital expenditures (net) (343) (366)
Purchase price and proceeds from disposals of nonconsolidated companies and other investments (79) 67
Other cash flows related to investing activities (16) 13
Cash flows from investing activities (b) (438) (286)
Dividends paid (91) (358)
Change in current and non-current debt (34) (17)
Cost of net debt and miscellaneous (15) (13)
Cash flows from financing activities (c) (140) (388)
Effect of foreign exchange fluctuations (d) (12) (12)
Net change in cash and cash equivalents (a+b+c+d) (117) (69)
Net cash at the beginning of year 717 786
Net cash and cash equivalent at end of year 600 717


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