Annual Report 2014

Group Five Year Review

Group Turnover - €2,340 million

2014
2013
2012
2011
2010
1,900m
2,000m
2,100m
2,200m
2,300m
2,400m

Members’ funds - €435 million

2014
2013
2012
2011
2010
350m
375m
400m
425m
450m
2010
€'000
2011
€'000
2012
€'000
2013
€'000
2014
€'000
a) Historical values
Turnover 1,927,525 1,981,126 2,028,167 2,124,088 2,339,784
EBITDA 41,831 38,005 42,130 45,860 51,874
Operating surplus 24,315 20,285 20,677 25,836 30,253
Surplus before taxation and exceptional items 19,216 15,426 16,348 22,373 27,380
Net debt/(cash) 123,342 143,749 (10,729) (51,905) 99,328
Members’ funds 403,021 408,146 404,744 416,006 434,622
b) Financial ratios
Operating surplus as % of sales 1.3% 1.0% 1.0% 1.2% 1.3%
Leverage (Net debt/(cash)/EBITDA)(times) 2.9x 3.8x (0.3x) (1.1x) 1.9x
Interest Cover (EBITDA/Interest Payable)(times) 8.5x 8.2x 12.8x 15.0x 16.6x

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