DGAP-News

H&R GmbH & Co. KGaA publishes Annual Report 2016 - Seite 2

Cash flow increases significantly

Operating cash flow increased significantly (by EUR 19.1 million), from EUR 56.4 million to EUR 75.5 million. Despite higher capital expenditures (which increased from EUR 28.1 million to EUR 38.8 million), free cash flow improved from EUR 28.4 million to EUR 36.7 million, reflecting the company's substantial recovery. As of the end of financial year 2016, total assets had increased to EUR 648.2 million (31/12/2015: EUR 628.8 million). The Company's shareholders' equity stood at EUR 317.4 million as of the balance-sheet date (31/12/2015: EUR 285.4 million). These changes were directly attributable to the higher level of retained earnings due to the improvement in consolidated net income. The equity ratio was 49.0% (31/12/2015: 45.4%).

Outlook for 2017

The company considers the operating results of the past two financial years to be the cornerstones of this year's EBITDA, which should build on the foundations of 2015 while aiming at the level achieved in 2016.

For a detailed description of the business trend, please consult the Annual Report published today, which is available for download in PDF format at our website, www.hur.com.

Key Figures for H&R KGaA:

IN EUR MILLION	2016	2015	- / +
Sales revenues	942.7	982.9	-40.2
Operating result (EBITDA)	101.4	85.4	16.0
As % of sales	10.8	8.7	2.1
EBIT	64.2	48.7	15.5
Earnings before taxes	54.2	34.2	20.0
Consolidated earnings (before minority interests)	39.3	26.8	12.5
Consolidated earnings (after minority interests)	38.4	26.9	11.5
Consolidated earnings per share (EUR)	1.07	0.75	0.32
Operating cash flow	75.5	56.4	19.1
Free cash flow	36.7	28.4	8.3
	31/12/16	31/12/15	- / +
Balance sheet total	648.2	628.8	19.4
Group equity	317.4	285.4	32.0
Equity ratio (%)	49.0	45.4	3.6
Number of employees (absolute)	1,628	1,568	60