Annual Report Encavis AG 2020
Annual Report 2020 1 Group operating KPIs* In TEUR +/ - compared 2016 2017 2018 2019 2020 to previous year Revenue 141,783 222,432 248,785 273,822 292,300 7% Operating EBITDA 106,064 166,768 186,890 217,626 224,819 3% Operating EBIT 61,589 100,387 113,682 132,229 132,158 0% Operating EBT 22,906 46,739 56,753 76,627 76,488 0% Operating EAT 20,486 39,962 47,036 63,446 68,291 8% Balance sheet total** 2,353,797 2,519,698 2,537,101 2,747,035 2,823,844 3% Equity 608,556 698,594 687,057 722,713 751,561 4% Operating cash flow 103,755 153,017 174,282 189,315 212,947 12% * The Group operating KPIs are based solely on the company’s operating profitability and do not take any IFRS-related valuation effects into account. ** Some of the previous-year figures have been adjusted due to deferred tax assets and tax liabilities being recognised net for the first time, thus making them not reconcilable with the annual report for financial years 2018 and 2019 (additional details in section 2 of the notes). 2 Encavis AG ● ● ● Table of Contents Table of Contents 3 FOREWORD FROM THE MANAGEMENT BOARD 6 THE ENCAVIS SHARE 11 REPORT OF THE SUPERVISORY BOARD 17 MANAGEMENT REPORT AND GROUP MANAGEMENT REPORT FOR THE 2020 FINANCIAL YEAR 72 CONSOLIDATED FINANCIAL STATEMENTS OF ENCAVIS AG 72 Consolidated statement of comprehensive income 73 Consolidated balance sheet 75 Consolidated cash flow statement 77 Consolidated statement of changes in equity 80 Notes to the consolidated financial statements of Encavis AG 176 INDEPENDENT AUDITOR ’S REPORT 183 ASSURANCE OF THE LEGAL REPRESENTATIVES 184 GLOSSARY 3 Foreword from the Management Board Dear Shareholders, Ladies and Gentlemen, The past financial year was the perfect proof that even improbable events can come to pass and that our lives can be completely changed from one day to the next.
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