Performance

Financial indicators, EUR 2018 2017 2016
Income 3 841 838 1 643 524 395 027
Adjusted EBIDTA 1 556 469 326 858 -67 039
Profit after taxes 1 666 714 7 937 528 -96 801
Cash flows from operating activities -11 158 056 481 330 40 419
Assets 56 079 789 52 362 834 20 024 820
   Incl. investment properties 39 108 000 35 453 395 13 143 000
   Incl. current assets 16 308 182 16 835 146 6 757 226
Shareholder's equity 34 620 955 32 954 241 15 016 713
Liabilities 21 458 834 19 408 593 5 008 107
   Incl. short-term liabilities 2 459 407 1 861 576 297 129
Financial ratios*, % 2018 2017 2016
Adjusted EBIDTA margin 40.24 19.89 -14.82
Net profit margin 43.38 482.96 -21.4
Return on equity 4.93 24.09 -0.64
Return on assets 3.07 15.16 -0.48
Total liquidity ratio 6.63 9.04 22.74
Performance indicators ** 2018 2017 2016
Number of investment properties, pcs. 9 8 4
Market value of investment properties, EUR 39 108 000 35 453 395 13 143 000
Net lettable area, m2 72 992 69 768 19 808
Contractual annual rent, EUR 2 890 062 2 875 981 856 367
Return on market value of investment properties, % 7 8.11 6.52

* 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