Key data

Financial and operating data

  2014 2015(2) 2016(2) 2017 2018
Turnover 34,889 33,291 31,975 34,898 36,659
Gross operating profit (EBITDA) (1) 2,553 2,141 2,023 2,279 2,437
Net operating profit (EBIT) 1,648 1,421 1,445 1,626 1,791
Attributable net profit 717 725 751 802 915
     
Cash-flow from operation 824 1,795 1,376 1,864 2,051
Dividends paid 318 345 326 297 316
Net investments/(Divestments) (313) 259 (523) 308 1,538
Total assets 39,321 35,280 33,370 31,881 34,295
     
Equity 4,899 5,197 4,982 5,164 6,056
   Shareholders´equity 3,034 3,421 3,582 3,743 4,388
    Minority interests 1,864 1,776 1,400 1,421 1,667
Total net debt (3) 3,722 2,624 1,214 153 -3
   Net debt with recourse  2,740 2,083 1,012 -42 -120
   Non recourse financing  983 541 202 195 117
Backlog (4) 63,871 58,942 66,526 67,082 72,223
     
Number of employees 210,345 170,241 176,755 182,269 195,461

(1) 2014-2018 EBITDA and EBIT include Joint Ventures net results  (previously classified in the equity method)
(2) In compliance with IFRS 5, Urbaser has been reclassified as discontinued operations as a result of sale, also proceeding to re-express the income statement 2015.
(3) In 2014, total net debt includes the proceeds pending to be collected obtained after the sale of John Holland and leighton Services in december 2014, accounted in the balance
(4) Includes the backlog proportional to the stake in joint ventures that the group does not fully consolidate.

Key ratios

  2014 2015 2016 2017 2018
Operating margin 4.8% 4.3% 4.5% 4.7% 4.9%
Net margin 2.1% 2.2% 2.3% 2.3% 2.5%
Gearing(*) 76.0% 50.5% 24.4% 3.0% -0.1%
Dividend yield 4.0% 4.3% 4.0% 4.2% 4.1%

(*) Gearing: Net Debt / Equity

Data per share

Euros 2014 2015 2016 2017 2018
Earnings 2.31 2.35 2.438 2.570 2.941
Gross dividend (*) 1.153 1.152 1.196 1.385 1.400
Shareholders' equity 9.76 11.09 11.63 11.99 14.10

* 2018 final dividend pending of approval.