Key data

Financial and operating data

  2014 2015(2) 2016(2) 2017 2018(3)
2019
Turnover 34,889 33,291 31,975 34,898 36,659
39,049
Gross operating profit (EBITDA) (1) 2,553 2,141 2,023 2,279 2,942
3,148
Net operating profit (EBIT) 1,648 1,421 1,445 1,626 2.050
2,126
Attributable net profit 717 725 751 802 916
962
     
Cash-flow from operation 824 1,795 1,376 1,864 2,322
2,378
Dividends paid 318 345 326 297 316
486
Net investments/(Divestments) (313) 259 (523) 308 1,538
1,254
Total assets 39,321 35,280 33,370 31,881 35,701
38,592
     
Equity 4,899 5,197 4,982 5,164 5.991
5,496
   Shareholders´equity 3,034 3,421 3,582 3,743 2.098
2,029
    Minority interests 1,864 1,776 1,400 1,421 1,636
1,080
Total net debt (4) 3,722 2,624 1,214 153 -3
54
   Net debt with recourse  2,740 2,083 1,012 -42 -120
-87
   Non recourse financing  983 541 202 195 117
141
Backlog (5) 63,871 58,942 66,526 67,082 72,223
77,756
     
Number of employees 210,345 170,241 176,755 182,269 195,461
190,431

(1) In 2018 and 2019, it includes “Results from Equity Method of operating activities”: the result corresponds to associates (including Abertis’ contribution to the Group) and Joint Ventures which belong to the ordinary activity.
(2) In compliance with IFRS 5, in 2016 Urbaser has been reclassified as discontinued operations as a result of sale, also proceeding to re-express the income statement 2015.
(3) IFRS 16 (Operational Leases) has been applied since January 2019, with restatement of the comparable period.
(4) 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.
(5) Includes the backlog proportional to the stake in joint ventures that the group does not fully consolidate.

Key ratios

  2014 2015 2016 2017 2018(3)
2019
Operating margin 4.8% 4.3% 4.5% 4.7% 5.6%
5.4%
Net margin 2.1% 2.2% 2.3% 2.3% 2.5%
2,5%
ROE
22.0%
20.8%
21.4%
21.9%
22.6%
21.9%
Gearing(*) 76.0% 50.5% 24.4% 3.0% -0.1%
1.0%
Dividend yield 4.0% 4.3% 4.0% 4.2% 5.6%
5.3%

(*) Gearing: Net Debt / (Shareholders’Equity+Minority interests),
(3) IFRS 16 (Operational Leases) has been applied since January 2019, with restatement of the comparable period.

Data per share

Euros 2014 2015 2016 2017 2018(3)
2019
Earnings 2.31 2.35 2.438 2.570 2.94
3.13
Gross dividend (*) 1.153 1.152 1.196 1.385 1.900
1.990
Funds from operations 2.65
5.16
4.47
5.97
7.46
7.74
Shareholders' equity 9.76 11.09 11.63 11.99 6.74 6.60

* 2019 final dividend pending of approval.
(3) IFRS 16 (Operational Leases) has been applied since January 2019, with restatement of the comparable period.