Guerbet in brief

Key Figures

Millions of euros

2015

2016

2017

Sales

488.7

775.8

807.1

Current operating income

56.2

54.6

79.2

Net income

39.9

28.9

46.2

Cash flow

70.9

81.8

97.1

Shareholders' equity

283.8

314.8

342.1

Net debt

287.8

301.8

278.4

Gearing (%)

101%

96%

81%

Net capital expenditures

(32.5)

(50.5)

(45.9)

Net earning per share

3.27

2.33

3.69

Dividend per share (for 2013, submitted for shareholder vote on May 23, 2014)

0.65

0.85

0.85

Workforce

2,500

2,700

2,763

Financial Policy

As a key element in a successful strategy, our financial policy fully integrates the Group's principal values and visions: company spirit, international expansion,  controlled development plans and financial commitments, a will to drive return on investment and an approach that is both realistic and inclusive of financial projects.

10 rules have been laid down to guarantee success, rigor, security, transparency and strict compliance with French and foreign laws and regulations.

The 10 key points of our financial policy

  1. Provide the Group with the means necessary to boost its long-term growth and increase value for the shareholder.
  2. Guarantee high-quality financial and accounting information in compliance with IFRS standards.
  3. Optimize cashflow management, debt structure and financial relations within the Group.
  4. Ensure that the necessary funding for the Group is always available.
  5. Manage risks: fiscal risks, exchange rate risks and customer risks.
  6. Provide Operational Managers with the tool they need in their management function: budget monitoring and spending commitment tracking (expenses and investments), measurement of return on investment, improved customer ratio and stock rotation.
  7. Adopt an ethical approach in each country where the Group is established.
  8. Comply with French and foreign legislation regardless of whether this is general (company law, stock market regulations, tax law) or specific (French DMOS law and corresponding legislation in foreign countries regulating relations with the medical professions).
  9. Apply the rules of good business governance and ensure that high-quality in-house controls are employed.
  10. Participate in the Group's Quality Policy and foster constant improvement in financial processes.

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