Five Year Summary

Summary extract of Income Statement

2020

€m

20193

€m

2018

€m

2017

€m

2016

€m

Revenue

277.1

357.4

330.2

335.1

325.4

Operating expenses and employee benefits expense

(235.0)

(270.6)

(261.8)

(254.1)

(241.9)

Depreciation, impairment and amortisation

(41.3)

(36.8)

(22.1)

(20.7)

(20.9)

0.8

50.0

46.3

60.3

62.6

Non-trading items 1

(11.2)

14.9

13.7

28.7

-

Interest (net)

(7.6)

(3.4)

(0.8)

(1.3)

(2.2)

(Loss) / profit before taxation

(18.0)

61.5

59.2

87.7

60.4

Taxation

(1.0)

(1.3)

(1.4)

(4.4)

(1.6)

(Loss) / profit for the year

(19.0)

60.2

57.8

83.3

58.8

EBITDA (including trading from discontinued operations)

42.1

86.8

68.4

81.0

83.5

Per share information:

€cent

€cent

€cent

€cent

€cent

Earnings per share

-Basic

(10.2)

31.7

30.4

44.1

31.4

-Adjusted 2

(4.3)

23.8

23.1

31.0

31.4

Dividend per share

-

13.410

12.770

12.160

11.580

Shares in issue at year end:

m

m

m

m

m

-At year end

187.0

187.4

190.3

189.9

188.3

-Average during the year

187.0

189.8

190.0

188.8

187.5

1. Non-trading items are material non-recurring items that derive from events or transactions that fall outside the ordinary activities of the Group and which individually, or, if of a similar type, in aggregate, are separately disclosed by virtue of their size or incidence.

2. Adjusted earnings exclude pension interest and non-trading items.

3. The figures for years prior to 2019 have not been restated for the effects of IFRS 16 which was adopted with effect 1 January 2019. The effect on the Consolidated Income Statement for financial year 2019 was to decrease operating expenses by €9.4 million, increase depreciation charges by €8.6 million, increase interest expenses by €1.0 million, a net reduction in profit after tax of €0.2 million. The effect on the Consolidated Statement of Financial Position was to increase assets by €35.3 million and liabilities by €35.5 million and reduce retained earnings by €0.2 million.

Summary extract of Statementof Financial Position

2020

€m

20193

€m

2018

€m

2017

€m

2016

€m

Property, plant and equipment and intangible assets

314.7

317.5

308.1

250.0

205.1

Retirement benefit surplus

1.0

12.5

2.5

8.1

2.4

Other assets

263.2

261.8

203.7

135.2

84.1

Total assets

578.9

591.8

514.3

393.3

291.6

Equity capital and reserves

265.9

287.9

252.9

223.8

144.4

Retirement benefit obligation

2.2

3.7

4.2

3.4

15.9

Other non-current liabilities

141.6

229.3

205.7

51.5

5.3

Current liabilities

169.2

70.9

51.5

114.6

126.0

Total equity and liabilities

578.9

591.8

514.3

393.3

291.6

Summary extract of Consolidated Statement of Cash Flows

Net cash inflow from operating activities

46.1

84.8

61.5

71.8

82.1

Net cash inflow / (outflow) frominvesting activities

7.8

(52.3)

(158.8)

27.7

(55.6)

Net cash (outflow) / inflow fromfinancing activities

(14.4)

(46.5)

131.4

(51.3)

(7.8)

Cash and cash equivalents at the beginning of the year

110.9

124.7

90.3

42.2

25.0

Effect of foreign exchange rate changes

-

0.2

0.3

(0.1)

(1.5)

Closing cash and cash equivalents

150.4

110.9

124.7

90.3

42.2

€m

€m

€m

€m

€m

Net (debt) / cash

(88.5)

(129.0)

(80.3)

39.6

(37.9)

Times

Times

Times

Times

Times

Net debt / EBITDA

2.1x

1.5x

1.2x

N/A

0.5x

Gearing (net debt as a percentage of shareholders’ funds)

33%

45%

32%

N/A

26%

3. The figures for years prior to 2019 have not been restated for the effects of IFRS 16 which was adopted with effect 1 January 2019. The effect on the Consolidated Income Statement for financial year 2019 was to decrease operating expenses by €9.4 million, increase depreciation charges by €8.6 million, increase interest expenses by €1.0 million, a net reduction in profit after tax of €0.2 million. The effect on the Consolidated Statement of Financial Position was to increase assets by €35.3 million and liabilities by €35.5 million and reduce retained earnings by €0.2 million.