2019 Key Figures
Profit before tax
Net cash from operations
Earnings per share
Net debt / EBITDA
Word from the CEO
“2019 was a mixed year for the Group. We managed to realise double-digit turnover growth of which nearly 5% was organic, but unfavourable developments in some of our key markets in the second half of the year together with the logistical constraints in the first half, had a significant effect on our results.
In parallel, we further invested in our digital and operational infrastructure, focused on leveraging our positions in key growth markets, and continued to execute our M&A strategy in selected niche markets. In 2019, we identified a number of strategic initiatives to support our future years growth strategy allowing us to meet changing market conditions.”
Supporting our strategy
In executing our strategy, we are committed to three business priorities that support long term value creation for al our stakeholders. The principles per business priority and progress we made during 2019 are presented in the report of the Executive Board.
Word from the Chairman
“2019 was the first full year of the Supervisory Board in its current form. In exercising its tasks in 2019, the Supervisory Board after consultation with the Executive Board and selected members of senior management, focused on logistics performance reviews and geopolitical and markets developments, the development of strategic initiatives and management succession.”
The corporate governance of the Group is determined by Luxembourg Law, the Articles of Association and – as these are underwritten by the Group – by the regulations of the Dutch Corporate Governance Code.
The Executive Board, supported by senior management, has in place a well-embedded risk management and internal control system to continuously evaluate the degree to which the Group is in control.