Financial information

01 Key financial information

Key financial information

Revenue
€ million201720182019
Revenue 11,705 13,190 13,688
Change N/N-1 +6% +13% +4%

Current operating profit
€ million201720182019
Current operating profit 362 373 433
Change N/N-1 -24 +11 +60

Net profit attributable to the Group
€ million201720182019
Net profit attributable to the Group 328 227 261
Change N/N-1 -27 -102 +34

Net cash/(Net debt)
€ million201720182019
Net cash (Net debt) 433 (475) (367)
Change N/N-1 (in M€) -84 / -108

Dividend per share for fiscal year
€ per share201720182019
Dividend per share 8.20 5.55 6.40
Change N/N-1 +0% -68% +15,3%

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
31/12/2019140.80

Source : NYSE-Euronext

03 Dividends

Dividends per share, payout ratio and yield since 2016

The Group regularly pays out dividends that amount to an average of 78% of net profit from 2016 to 2018, as in the chart below:

 
  In euros
201620172018
  Net profit per share
10.87
10.04
6.93
  change
+52%
-8%
-31%
  Net dividend per share
8.20
8.20
5.55
  change
+50.46%
=
-32,32%
  Paid out on
02/05/17
03/05/18
02/05/2019
  Payout ratio (1)
74%
82%
80%
  Net yield (2)
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 2019

Simplified consolidated accounts for 2019

Consolidated balance sheet
In millions of euros Year 2019

Year 2018

Restated (a)

Year 2017Year 2016
Property, plant and equipment 2,578 2,569 2,384 2,394
Intangible assets 211 213 107 92
Goodwill 694 674 512 500
 Joint ventures and associates 422 394 396
375
Other non-current financial assets 169 192 197 183
Deferred tax assets and non-current tax receivables 145 150 154 172
Non-current assets 4,627 4,562 3,750 3,716
Inventories and receivables 675 672 4,168 3,930
Cash and financial instruments 488 563 694 776
Current assets 5,322 5,172 4,862 4,706
Held-for-sale assets and operations 339
TOTAL assets 9,949 10,073 8,612 8,422
Equity attributable to the Group 2,882 2,768 2,797 2,680
Non-controlling interests 27 29 30 33
Equity 2,909 2,797 2,827 2,713
Non-current debt 431 503 126 125
Non-current provisions 857 792 884 917
Deferred tax liabilities and non-current tax liabilities 117 122 60 71
Non-current liabilities 1,740 1,734 1,070 1,113
Trade and other payables, current provisions 2,114 2,115 4,580 4,462
Current debt 36 46 40 73
Bank overdrafts and financial instruments 387 488 95 61
Current liabilities 5,300 5,209 4,715 4,596
Liabilities related to held-for-sale operations 323
TOTAL equity and liabilities 9,949 10,073 8,612 8,422

(a) The balance sheet as of December 31, 2018 has been restated for the effects of applying IFRS 16 and IFRIC 23

Consolidated income statement
In millions of euros Year 2019

Year 2018

Restated (a)

Year 2017Year 2016
Revenue 13,688 13,190 11,705 11,006
Current operating profit 433 373 362 386
Other operating items (28) (31) (5) (62)
Operating profit 405 342 357 324
Cost of net debt (33) (31) (14) (13)
Other finance income (expense) (2) 1 74
Income tax  (141) (96) (75) (108)
Share of net profits/losses of joint ventures and associates 43 28 61 82
Net profit 261 228 330 359
Net profit/(loss) attributable to non-controlling interests 1 2 4
Net profit attributable to the Group 261 227 328 355

(a) The income statement for the year ended December 31, 2018 has been restated for the effects of applying IFRS 16.

Consolidated cash flow statement
In millions of euros Year 2019

Year 2018

Restated (1)

Year 2017Year 2016
Cash from operations  792 764 699
Income tax paid (110) (132) (86) (148)
Changes in working capital related to operating activities (30) (295) (205) 66
Cash flows from operating activities (a) 798 447 473 617
Operating capital expenditures (net) (337) (300) (343) (366)
Purchase price and proceeds from disposals of nonconsolidated companies and other investments (41) (720) (79) 67
Other cash flows related to investing activities 33 42 (16) 13
Cash allocated to investing activities (b) (345) (978) (438) (286)
Dividends paid (181) (268) (91) (358)
Change in current and non-current debt (117) 391 (34) (17)
Cost of net debt and miscellaneous (48) (44) (15) (13)
Cash flows from financing activities (c) (436) 5 (140) (388)
Effect of foreign exchange fluctuations (d) 9 (12) (12)
Net change in cash and cash equivalents (a+b+c+d) 26 (526) (117) (69)
Net cash at the beginning of year 75 600 717 786
Smac Group: Cash disclosed in held-for-sale activities and operations balance 1
Net cash and cash equivalent at end of year 101 75 600 717

(1) Restated for the effects of first-time application of IFRS 16 and IFRIC 23


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