Key Figures

Balance structure	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015
Shareholders' equity	61,778	69,615	78,147	61,527	59,844	95,455	107,121	129,277	157,639	201,361	242,511
Net indebtedness (1)	26,249	29,920	35,360	67,868	44,263	29,852	19,212	11,732	-9,225	-41,446	-58,703
Working capital	36,891	81,128	71,869	56,673	52,017	65,195	57,077	61,023	64,630	71,985	78,631

Cash flow and capital expenditure	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015
Net cash from operating activities	33,756	37,224	33,238	26,890	30,452	45,047	58,212	55,456	70,825	94,994	114,998
Depreciation + amortization	11,373	10,914	11,693	14,990	11,567	11,523	11,948	15,210	15,509	19,775	22,809
Capital expenditure	9,334	15,490	15,141	9,510	10,972	15,377	14,613	20,749	22,532	23,694	40,281

Ratios	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015
ROE	46%	50%	47%	36%	-7%	51%	43%	40%	35%	41%	39%
Liquidity (2)	2	3.2	2.7	2.7	2.4	2.5	3.4	1.8	3.4	4.2	3.7
Solvency	52%	41%	47%	39%	39%	53%	60%	66%	73%	80%	82%

(1) Net indebtedness = bank debts and overdrafts - cash and cash equivalents
(2) Liquidity = current assets / current liabilities