Key figures by segment
| NOK million | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|
| EVRY Financial Services | |||||||
| Operating revenue | 3 392 | 3 222 | 3 133 | 3 613 | 3 682 | 3 554 | 3 339 |
| Adjusted EBITA | 456 | 432 | 415 | 392 | 371 | 326 | 314 |
| Adjusted EBITA-margin | 13.4 % | 13.4 % | 13.2 % | 10.9 % | 10.1 % | 9.2 % | 9.4 % |
| Operational investments (CAPEX) incl. in-house developed software | 226 | 206 | 182 | 205 | 115 | 188 | 199 |
| Number of employees | 1 384 | 1 409 | 1 238 | 1 299 | 1 457 | 1 490 | 1 490 |
| EVRY Norway* | |||||||
| Operating revenue | 5 765 | 5 769 | 5 669 | 5 761 | 6 093 | 6 180 | 6 607 |
| Adjusted EBITA | 604 | 603 | 430 | 111 | 322 | 359 | 356 |
| Adjusted EBITA-margin | 10.5 % | 10.5 % | 7.6 % | 1.9 % | 5.3 % | 5.8 % | 5.4 % |
| Operational investments (CAPEX) incl. in-house developed software | 101 | 87 | 64 | 130 | 255 | 334 | 209 |
| Number of employees Norway | 2 304 | 2 193 | 2 361 | 2 660 | 3 344 | 3 378 | 3 457 |
| Number of employees Global Delivery | 3 103 | 2 861 | 2 440 | ||||
| EVRY Sweden | |||||||
| Operating revenue | 3 301 | 3 312 | 3 245 | 3 430 | 3 472 | 3 293 | 3 307 |
| Adjusted EBITA | 248 | 325 | 305 | 232 | 255 | 213 | 234 |
| Adjusted EBITA-margin | 7.5 % | 9.8 % | 9.4 % | 6.8 % | 7.3 % | 6.5 % | 7.1 % |
| Operational investments (CAPEX) incl. in-house developed software | 39 | 51 | 53 | 65 | 80 | 66 | 61 |
| Number of employees | 1 741 | 1 685 | 1 778 | 1 939 | 2 218 | 2 308 | 2 305 |
| EVRY Other | |||||||
| Operating revenue Global Delivery | 1048 | 930 | 888 | 831 | |||
| Group eliminations | -594 | -636 | -689 | -776 | |||
| Total Operating revenue other | 454 | 294 | 199 | 55 | |||
| EBITA Global Delivery | 172 | 140 | 127 | 135 | |||
| Corporate functions | 102 | 69 | 45 | -59 | |||
| Total EBITA other | 274 | 209 | 172 | 76 | |||
| EBITA-margin Global Delivery | 16.4 % | 15.0 % | 14.3 % | 16.2 % | |||
| Operational investments (CAPEX) incl own developed software | 33 | 38 | 51 | 43 | |||
| Number of employees | 3 378 | 3 258 | 3 487 | 3 524 |
* incl Global Delivery for the years 2012-2014
Key figures for the Group
| 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
| key figures (NOK million) | |||||||
| Operating revenue | 12 912 | 12 596 | 12 246 | 12 860 | 12 773 | 12 600 | 12 731 |
| EBITDA | 1 252 | 629 | 1 217 | -938 | 1 020 | 1 128 | 1 010 |
| EBITDA-margin | 9.7 % | 5.0 % | 9.9 % | -7.3 % | 8.0 % | 8.9 % | 7.9 % |
| Adjusted EBITDA | 1 812 | 1 821 | 1 583 | 1 278 | 1 290 | 1 219 | 1 141 |
| Adjusted EBITDA-margin | 14.0 % | 14.5 % | 12.9 % | 9.9 % | 10.1 % | 9.7 % | 9.0 % |
| EBITA | 1 022 | 353 | 947 | -1 405 | 543 | 673 | 484 |
| EBITA-margin | 7.9 % | 2.8 % | 7.7 % | -10.9 % | 4.2 % | 5.3 % | 3.8 % |
| Adjusted EBITA | 1 582 | 1 569 | 1 322 | 811 | 813 | 764 | 691 |
| Adjusted EBITA-margin | 12.3 % | 12.5 % | 10.8 % | 6.3 % | 6.4 % | 6.1 % | 5.4 % |
| Number of employees | 8 807 | 8 545 | 8 864 | 9 422 | 10 350 | 10 323 | 9 873 |
| key figures per share (NOK) | |||||||
| Earnings per share | 1.73 | -0.82 | 1.12 | -5.28 | -3.26 | -0.29 | 0.60 |
| Adjusted earnings per share | 2.89 | 2.82 | 2.18 | 1.15 | 1.85 | 1.49 | 1.16 |
| Free cash flow per share | 2.69 | 2.86 | 3.61 | 2.22 | 2.44 | 1.77 | 1.11 |
| Book equity per share | 8.05 | 10.15 | 0.73 | 8.03 | 16.02 | 20.04 | 20.46 |
| Average number of shares outstanding | 370 806 077 | 319 072 529 | 267 187 441 | 267 187 441 | 266 994 898 | 266 798 981 | 266 421 202 |
| Solidity | |||||||
| Equity ratio | 25.7 % | 28.4 % | 1.9 % | 19.4 % | 40.0 % | 44.6 % | 45.0 % |
| Net interest-bearing liabilities (NOK million) | 4 104 | 3 807 | 6 041 | 4 008 | 2 568 | 2 966 | 3 007 |
| Net leverage | 2.26 | 2.09 | 3.82 | 3.14 | 1.99 | 2.43 | 2.64 |
| Liquidity (NOK million) | |||||||
| Cash and bank deposits | 646 | 880 | 990 | 900 | 616 | 683 | 561 |
| Liquidity reserve | 2 246 | 2 580 | 2 799 | 2 209 | 2 414 | 2 145 | 2 013 |
| Cash flow from operations | 713 | -495 | 306 | 217 | 973 | 1 027 | 723 |
| Adjusted cash flow from operations | 1 374.3 | 1 272 | 1 280 | 1 002 | 1 068 | 1 099 | 807 |
| Investments in fixed assets | 138 | 176 | 161 | 297 | 398 | 484 | 425 |
| Investments in in-house developed software | 260 | 206 | 189 | 147 | 93 | 143 | 86 |
| Sale of tangible operating assets (sales proceeds) | 21 | 24 | 35 | 34 | 75 | - | 1 |
| Free cash flow | 997.5 | 913 | 964 | 592 | 652 | 473 | 297 |
| Cash conversion | 86.2 % | 91.6 % | 108.0 % | 97.8 % | 93.9 % | 104.5 % | 88.9 % |
| Cash conversion ex CAPEX | 65.4 % | 72.0 % | 88.0 % | 65.8 % | 61.7 % | 53.2 % | 44.2 % |
* The financial figures for 2013 are restated due to implementation of IFRS 11 Joint Arrangements with effect from 1 January 2014 and the classification of EVRY Danmark A/S as discontinued operations.
**The financial figures for 2012 are restated due to implementation of IAS 19 Employee Benefits with effect from 1 January 2013.
Definitions of key figures
EBITDA
Earnings before interest, tax, depreciation and write-downs of tangible assets and in-house developed software, and amortisation of customer contracts.
Adjusted EBITDA
EBITDA before other income and expenses.
EBITA
Earnings before interest, tax and amortisation of customer contracts.
Adjusted EBITA
EBITA before other income and expenses.
Equity ratio
Total equity as a percentage of total equity and liabilities.
Gearing
Net interest-bearing liabilities divided by total book equity.
Net interest-bearing liabilities
Total of current and non-current interest-bearing liabilities less liquid assets.
Operational cash flow
Cash flow from operational activities.
Adjusted operational cash flow
Operational cash flow before other income and expenses.
Free cash flow
Adjusted operational cash flow less investment spending (CAPEX) (excl sales).
Cash conversion
Adjusted operational cash flow (excl finance) divided by Adjusted EBITDA.
Cash conversion ex CAPEX
Adjusted operational cash flow (excl interest payments) less CAPEX divided by Adjusted EBITDA.
Cash flow per share
Net cash flow from operations divided by average number of shares outstanding.
Earnings per share
Profit/-loss for the year attributable to shareholders (owners of the parent company) divided by the average number of shares outstanding over the year.
Adjusted earnings per share
Profit/-loss for the year attributable to shareholders (owners of the parent company) adjusted for other income and expenses after tax divided by the average number of shares outstanding over the year.