Key figures

Continuing operations 2015 2014
Revenue, EUR mill. 1 434.8 1 605.5
Gross margin, per cent 50.6 48.6
Operating result before depreciation (EBITDA),     
excluding non-recurring items, EUR mill. 43.4 18.1
Operating result* excluding non-recurring items, EUR mill. -28.5 -39.3
Operating result*, EUR mill. -52.5 -77.2
Net financial costs, EUR mill. 21.2 23.3
Result before tax, excluding non-recurring items, EUR mill. -46.4 -64.1
Result before tax, EUR mill. -73.7 -100.5
Result for the period, excluding non-recurring items, EUR mill. -43 -60.3
Result for the period, EUR mill. -88.9 -96.7
Earnings per share, undiluted, EUR -1.24 -1.34
Personnel, average 10 763 12 157
     
Continuing and discontinued operations    
Net result for the period, EUR mill. -175 -99.8
Net earnings per share, undiluted, EUR -2.43 -1.39
Cash flow from operating activities, EUR mill. 17.2 29.6
Capital expenditure, EUR mill. 53.4 53.8
Equity per share, EUR 14.53 10.55
Net gearing, per cent 72.1 105.4
Equity ratio, per cent 46.1 39.3
Number of shares, undiluted, weighted average, 1 000 pc 72 049 72 049
Return on capital employed, rolling 12 months, per cent -7.6 -4.9


* Operating result is not comparable since the figures for 2014 do not include the increased depreciation due to a valuation change of the real estate properties.
Department store operations in Russia have been classified as discontinued operations.