Performance

Financial indicators, EUR 2017 2016 2015
Income 1 643 524 395 027 659 614
Adjusted EBIDTA 326 858 -67 039 119 672
Profit after taxes 7 937 528 -96 801 84 750
Cash flows from operating activities 481 330 40 419 302 828
Assets 52 362 834 20 024 820 1 818 613
   Incl. investment properties 35 453 395 13 143 000 748 000
   Incl. current assets 16 835 146 6 757 226 1 044 909
Shareholder's equity 32 954 241 15 016 713 1 613 514
Liabilities 19 408 593 5 008 107 205 099
   Incl. short-term liabilities 1 861 576 297 129 179 487
Financial ratios*, % 2017 2016 2015
Adjusted EBIDTA margin 19.89 -14.82 18.14
Net profit margin 482.96 -21.4 12.85
Return on equity 24.09 -0.64 5.25
Return on assets 15.16 -0.48 4.66
Total liquidity ratio 904.35 2274.17 582.16
Performance indicators ** 2017 2016 2015
Number of investment properties, pcs. 8 4 2
Market value of investment properties, EUR 35 453 395 13 143 000 748 000
Net lettable area, m2 69 768 19 808 231
Contractual annual rent, EUR 2 875 981 856 367 76 830
Return on market value of investment properties, % 8.11 6,52 10,27

* Financial ratios explained:
Adjusted EBITDA = Earnings before interest, tax, depreciation and amortization, gains and losses from investment property revaluation
EBITDA margin = EBITDA (in a 12 month period) / revenue (in a 12 month period) * 100%
Net profit margin = Net profit (in a 12 month period) / revenue (in a 12 month period) * 100%
Return on equity (ROE) = profit or loss after tax (in a 12 month period) / value of equity at the period end * 100%
Return on assets (ROA) = profit or loss after tax (in a 12 month period) / value of assets at the period end* 100%
Total liquidity ratio = current assets at the reporting date / current liabilities at the reporting date
** Performance indicators:
Market value of investment properties – annual valuation results, as presented in annual reports
Contractual annual rent –total monthly rent defined in the signed contracts, multiplied by 12 months
Return on market value of investment properties – contractual rent / investment property market value