Group Figures
Key financial performance indicators:
| Earnings ratios1) | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | in m€ | 1,343.0 | 1,533.0 | 1,559.6 | 1,520.1 | 1,530.4 |
| EBITDA | in m€ | 198.4 | 218.9 | 252.2 | 240.8 | 233.5 |
| EBIT | in m€ | 122.3 | 132.5 | 161.2 | 131.7 | 107.2 |
| EBITDA margin | in per cent | 14.8% | 14.3% | 16.2% | 15.8% | 15.3% |
| EBIT margin | in per cent | 9.1% | 8.6% | 10.3% | 8.7% | 7.0% |
Other financial figures:
| Earnings ratios 1) | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|
| Earnings after taxes | in m€ | 89.0 | 83.9 | 114.2 | 95.7 | 69.5 |
| Earnings after minorities | in m€ | 52.1 | 44.7 | 67.5 | 54.5 | 34.9 |
| Balance sheet ratios | 12/31/2016 | 12/31/2017 | 12/31/2018 | 12/31/2019 | 12/31/2020 | |
|---|---|---|---|---|---|---|
| Balance sheet total | in m€ | 1,423.8 | 1,465.2 | 1,353.9 | 1,613.9 | 1,686.0 |
| Equity | in m€ | 454.9 | 528.6 | 550.8 | 618.6 | 654.1 |
| Equity ratio | in per cent | 32.0% | 36.1% | 40.7% | 38.3% | 38.8% |
| Working capital employed 2) | in m€ | 245.2 | 238.4 | 245.3 | 274.2 | 181.5 |
| Net debt 3) | in m€ | 364.6 | 375.0 | 323.3 | 395.8 | 312.4 |
| Gearing 4) | in per cent | 80.1% | 70.9% | 58.7% | 64.0% | 47.8% |
| Cash-Flow and capex | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|
| Cash-Flow from operating activities | in m€ | 167.8 | 161.3 | 85.5 | 257.4 | 312.8 |
| Cash-Flow from investing activities | in m€ | -158.8 | -154.0 | -102.1 | -165.7 | -147.0 |
| Free cash flow 5) | in m€ | 9.0 | 7.3 | -16.7 | 91.6 | 165.8 |
| Cash-Flow from financing activities | in m€ | 139.2 | -118.0 | -63.3 | -20.6 | -104.7 |
| Capital expenditure 1) 5) | in m€ | 144.4 | 178.6 | 183.6 | 164.9 | 150.2 |
| Value creation | 12/31/2016 | 12/31/2017 | 12/31/2018 | 12/31/2019 | 12/31/2020 | |
|---|---|---|---|---|---|---|
| ROCE (Return on capital employed 7) | in per cent | 13.9% | 13.9% | 16.6% | 12.7% | 9.7% |
| ROE (Return on equity) 8) | in per cent | 21.2% | 17.1% | 21.2% | 16.4% | 10.9% |
| ROIC (Return on Invested Capital) 9) | in per cent | 11.7% | 10.4% | 13.6% | 10.6% | 7.7% |
| Stock exchange ratios 10) | 12/31/2016 | 12/31/2017 | 12/31/2018 | 12/31/2019 | 12/31/2020 | |
|---|---|---|---|---|---|---|
| Share price as of Dec. 31; SIX Swiss Exchange11) | in CHF | 5.35 | 7.39 | 60.60 | 54.00 | 71.10 |
| Number of shares11) | in m shares | 225.39 | 225.39 | 22.54 | 22.54 | 22.54 |
| Market capitalization12) | in m CHF | 1,205.82 | 1,665.61 | 1,365.84 | 1,217.09 | 1,602.50 |
| Earnings per share 13) | in € | 2.31 | 1.98 | 2.99 | 2.42 | 1.56 |
| Book value per share 13) 14) | in € | 20.18 | 23.45 | 24.44 | 27.45 | 29.02 |
Non-financials key performance indicators:
| 2016 | 2017 | 2018 | 2019 | 2020 | ||
|---|---|---|---|---|---|---|
| Employees 15) | Headcount | 5.069 | 5.887 | 4.303 | 4.368 | 4.586 |
| Unit sales total 16) | Number of units | 203.340 | 238.334 | 261.454 | 280.099 | 326.471 |
| Unit sales motorcycles 17) | Number of units | 203.340 | 238.334 | 261.454 | 280.099 | 270.407 |
| Unit sales e-bikes | Number of units | - | - | - | - | 56.064 |
Other non-financial figures:
| 2016 | 2017 | 2018 | 2019 | 2020 | ||
|---|---|---|---|---|---|---|
| Production motorcycles worldwide 18) | Number of units | 199.068 | 243.442 | 259.051 | 260.564 | 265.321 |
| Production motorcycles in Mattighofen 19) | Number of units | 134.584 | 151.645 | 171.297 | 160.098 | 140.252 |
| t CO2-e per vehicle sold (Scope 1-3) | in t CO2-e | - | - | 3.84 | 3.82 | 3.66 |
| Fleet emissions | Ø in g/km | - | - | 81.82 | 79.09 | 78.44 |
| Fleet consumption | Ø in l/100 km | - | - | 3.52 | 3.41 | 3.40 |
| Employees in R&D as % of total employees | in per cent | 15.10 | 14.50 | 15.80 | 18.10 | 17.60 |
| R&D expenses from revenue | in per cent | 7.90 | 8.30 | 8.70 | 9.10 | 9.00 |
| Proportion of female employees | in per cent | - | - | 22.96 | 22.59 | 22.37 |
1) Previous years 2016 to 2018 also include the discontinued operation (Pankl-Group).
2) Working capital employed = inventories + trade receivables – trade payables
3) Net debt = financial liabilities (current, non-current) – cash
4) Gearing = net debt / equity
5) Free cash flow = cash flow from operating activities + cash flow from investing activities
6) Additions to property, plant and equipment and intangible assets according to the schedule of investments, excluding lease additions (IFRS 16)
7) ROCE = EBIT / average capital employed; Capital employed = Property, plant and equipment + goodwill + intangible assets + working capital employed
8) ROE = earnings after taxes / average equity
9) ROIC = NOPAT / average capital employed; NOPAT = EBIT – taxes
10) Since November 14th, 2016 listing on SIX Swiss Exchange
11) Reverse stock split in a ratio 10:1 in April 2018
12) Calculation also includes 108,015 numbers of treasury shares as of December 31st, 2019
13) Calculation in 2016 and 2017 adjusted to the new number of shares after reverse stock split in a ratio 10:1
14) Equity / number of shares
15) Number of employees on the reporting day (including temporary staff); Previous years 2016 to 2018 also include the discontinued operation (Pankl-Group)
16) Including motorcycles sold by partner Bajaj; excluding non e-bikes
17) Including motorcycles sold by partner Bajaj
18) Including small-engine KTM and Husqvarna models produced by partner Bajaj in India; from 2020 including the number of units produced in Spain (3,092)
19) Annual production units at the headquarter in Austria