Our key figures
Key consolidated figures 1
Key figures IMMOBEL Group (MEUR) |
|||||
|---|---|---|---|---|---|
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| IMMOBEL SA Published | |||||
| Net result, Group’s share | 11.7 | 1.5 | 20 | 0.7 | 52.5 |
| Equity, Group’s share | 187.7 | 183.2 | 196.7 | 194.4 | 311 |
| Market capitalization2 | 116.4 | 148.4 | 177.5 | 174.2 | 530 |
Figures per share2 |
|||||
|---|---|---|---|---|---|
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| IMMOBEL SA Published | |||||
| Number of shares at year-end (thousand) | 4,122 | 4,122 | 4,122 | 4,122 | 9,997 |
| Net result, Group’s share (EUR) | 2.80 | 0.40 | 4.90 | 0.20 | 5.20 |
| Value of equity (EUR) | 45.60 | 44.40 | 47.70 | 47.20 | 31.10 |
| Gross ordinary dividend (EUR) | 1.40 | 0.00 | 2.40 | 0.00 | 2.00 |
| Net ordinary dividend (EUR) | 1.05 | 0.00 | 1.80 | 0.00 | 1.40 |
- 2.00 EUR
- / share gross dividend
Stock market ratios |
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|---|---|---|---|---|---|
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| IMMOBEL SA Published | |||||
| Stock price on 31 December (EUR) | 28.30 | 36.00 | 43.10 | 42.30 | 53.00 |
| Maximum quotation (EUR) | 28.90 | 37.40 | 44.50 | 52.70 | 53.80 |
| Minimum quotation (EUR) | 24.20 | 28.40 | 36.50 | 40.10 | 38.20 |
| Stock price / book value | 62 % | 81 % | 90.30 % | 89.70 % | 170.40 % |
| Gross return for 1 year3 | 22 % | 32 % | 24.00 % | 0 % | 25.30 % |
| Gross ordinary dividend / last stock price | 4.90 % | 0 % | 5.60 % | 0 % | 3.80 % |
| Net ordinary dividend / last stock price | 3.70 % | 0 % | 4.20 % | 0 % | 2.60 % |
- In compliance with IFRS regulations, the company has been applying the IFRS 11 standard since 1 January 2014. This standard considerably modifies the interpretation of the company’s financial statements, without nonetheless modifying net results and shareholder equity. The Board of Directors considers that the financial data before IFRS 11 provide a better picture of activities and financial statements. It is these data that are presented and compared.
- For 2016, including own shares (1,230,398).
- Gross return for 1 year : (last closing price + dividends paid during the year - first stock price for the period) / first stock price for the period
Result
Income statement (MEUR) |
|||||
|---|---|---|---|---|---|
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| IMMOBEL SA Published | |||||
| Operating income | 133.7 | 65.1 | 183.1 | 103.6 | 346.1 |
| Operating expenses | -114.3 | -54.5 | -151.8 | -93.2 | -273.4 |
| Operating result | 19.4 | 10.6 | 31.2 | 10.5 | 72.7 |
| Financial result | -6.8 | -9.3 | -9.6 | -8.9 | -5.4 |
| Share in the results of associates | 0.0 | 0.2 | -0.2 | -0.3 | -2.0 |
| Result before taxes | 12.6 | 1.5 | 21.4 | 1.3 | 65.3 |
| Income taxes | -0.9 | 0.0 | -1.4 | -0.6 | -11.6 |
| Result for the year | 11.7 | 1.5 | 20.0 | 0.7 | 53.6 |
| Share of IMMOBEL | 11.7 | 1.5 | 20.0 | 0.7 | 52.5 |
Financial position |
|||||
|---|---|---|---|---|---|
| Assets (MEUR) | 2012 | 2013 | 2014 | 2015 | 2016 |
| IMMOBEL SA Published | |||||
| Non-current assets | 7.7 | 6.5 | 5.0 | 4.6 | 18.5 |
| Intangible assets and goodwill | 0.0 | 0.1 | 0.2 | 0.2 | 0.1 |
| Tangible assets and investment property | 3.9 | 3.6 | 3.6 | 3.6 | 3.8 |
| Financial assets | 2.4 | 1.1 | 0.8 | 0.4 | 3.7 |
| Other | 1.4 | 1.7 | 0.5 | 0.5 | 10.9 |
| Current assets | 409.9 | 520.4 | 492.2 | 506.9 | 767.9 |
| Inventories | 359.9 | 464.7 | 423.5 | 456.8 | 584.0 |
| Cash | 26.9 | 31.4 | 32.0 | 24.5 | 128.9 |
| Other | 23.1 | 24.4 | 36.7 | 25.6 | 55.1 |
| TOTAL ASSETS | 417.6 | 527.0 | 497.2 | 511.6 | 786.4 |
- 346 MEUR
- operating income in 2016
| Equity and liabilities (MEUR) | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|
| IMMOBEL SA Published | |||||
| Equity | 187.7 | 183.2 | 196.7 | 194.4 | 314.9 |
| Non-current liabilities | 136.2 | 152.4 | 166.8 | 156.9 | 324.1 |
| Financial debts | 135.5 | 151.5 | 164.5 | 155.0 | 319.0 |
| Other | 0.7 | 0.9 | 2.3 | 1.8 | 5.1 |
| Current liabilities | 93.7 | 191.4 | 133.7 | 160.3 | 147.3 |
| Financial debts | 51.8 | 148.8 | 99.4 | 110.4 | 68.4 |
| Other | 41.9 | 42.7 | 34.3 | 49.9 | 79.0 |
| TOTAL EQUITY AND LIABILITIES | 417.6 | 527.0 | 497.2 | 511.6 | 786.4 |
Portfolio (stocks)
- 584 MEUR
- projects in portfolio (stocks)
SHARE PRICE EVOLUTION
DIVIDEND POLICY
In 2008 the Board of Directors adopted the following dividend policy: IMMOBEL pays out between 40 and 50% of the consolidated annual net result.
Some conditions laid down in the bond issues of December 2011 and March 2013 also provide that the company may not distribute more than 50% of its annual net result.
For the fiscal year 2016 the proposed gross dividend amounts to 2 EUR per share.
For reference, the following amounts were paid in previous years: 2.40 EUR for 2014, no dividend in 2013, 1.40 EUR in 2012, 1.75 EUR in 2011 and 1.25 EUR in 2010. In the period 2010-2016, the average gross yearly dividend amounted to 1,26 EUR gross per share.
SHAREHOLDING STRUCTURE
In accordance with of article 29 of the Law of 2 May 2007 on the disclosure of stakes held in issuers whose shares are admitted to trading on a regulated market, IMMOBEL has been informed by the following Shareholders that they hold the following shares :
| SHAREHOLDERS | VOTING RIGHTS | % OF TOTAL SHARES | |||
|---|---|---|---|---|---|
| A³ CAPITAL nv + VEMACO nv + A³ MANAGEMENT bvba, all having its registered seat at 1000 Brussels, quai des Péniches 52 | 5,875,369 | 58.77 % | |||
| IMMOBEL SA, having its registered seat at 1000 Brussels 1000 Brussels, rue de la Régence 58 | 1,230,398 | 12.30 % | |||
| CAPFI DELEN ASSET MANAGEMENT NV, having its registered seat at 2020 Antwerp, Jan Van Rijswijcklaan 178 | 412,196 | 4.12 % | |||
| FREE FLOAT | 2,479,393 | 24.81 % | |||
| Total | 9,997,356 | 100 % | |||
FINANCIAL CALENDAR
| Publication of annual accounts 2016 | 23 March 2017 | ||||
| Ordinary General Meeting 2016 | 24 May 2017 | ||||
| Publication of 2016 half-year results | 1 September 2017 | ||||
| Publication of 2017 annual accounts | March 2018 | ||||
| Ordinary General Meeting 2018 | 24 May 2018 | ||||