Key figures

 

Financing key figures
  2015 2014 2013 2012 2011
Interest Cover Ratio (ICR) 3.5 3.3 3.1 2.8 2.7
Average loan maturity, yrs 2.2 2.1 2.5 2.7 3.1
Average fixed interest rate period, yrs 2.2 2.3 2.3 1.9 2.2
Average interest rate, %  2.9 2.9 3.2 3.4 4.0
Hedging rate of interest risk, %  90 76 79 72 77
Equity ratio, % 46 41 41 41* 38

 * 2012 figures were adjusted following the voluntary amendment of accounting principles with regard to IAS 12 and the amendment of IAS 19

 

Group's key figures
  31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 2012 31 Dec 2011
Total revenue, M€ 230.5 246.7 264.3 264.6 248.2
Operating profit, M€ 178.1 151.7 153.0 210.51) 209.6
Profit before taxes, M€ 129.2 95.7 93.2 151.81) 134.0
Cash flow from operations/share, € 0.36 0.37 0.40 0.40 0.37
NAV/share, € 5.26 4.65 4.64 4.451) 4.06
Earnings/share, € 0.78 0.24 0.34 0.371) 0.39
Return on investment, % 5.8 5.4 5.5 7.91) 7.7
P/E ratio 5.00 14.98 10.16 9.711) 8.02
Equity ratio, % 46.2 41.0 40.7 41.21) 37.9
Gearing, % 90.9 121.2 125.6 117.91) 134.9
Dividend, € 0.193) 0.19 0.18 0.17 0.16
Payout ratio, % 24.223) 78.60 53.49 45.861) 41.15
Effective dividend yield, % 4.853) 5.25 5.26 4.72 5.13

 

Key figures according to EPRA Best Practices Recommendations
  31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 2012 31 Dec 2011
EPRA Earnings, M€ 232.0 101.6 111.52) 111.91) 2) 75.4
EPRA Earnings per share, € 0.82 0.36 0.392) 0.401) 2) 0.27
EPRA NAV/share, € 5.60 5.45 5.292) 5.201) 2) 4.84
EPRA Net Initial Yield (NIY), %  5.62 5.18 5.84 6.61 6.39
EPRA "topped-up" NIY, % 5.63 5.19 5.84 6.63 6.40

1) 2012 figures were adjusted following the voluntary amendment of accounting principles with regard to IAS 12 and the amendment of IAS 19
2) In 2013, Sponda have changed the calculation and the presentation of EPRA key figures to match better to the EPRA Best Practices Recommendations. 2012 figures were adjusted accordingly. The notable change relates to deferred taxes on investment properties.
3) Board's proposal

 

Responsibility key figures
Enhancing the customer experience 2015 2014
  Overall satisfaction index regarding co-operation with the lessor1) 3.74 3.67
Personnel    
  People Power index2) 71.5 70.5
Environmental  responsibility 3)    
  Energy consumption, kWh/GFAm² 198 201
  Carbon footprint, kg CO2/GFAm² 32.7 33.3
  Waste recovery rate, % 97 96
  Waste recycling rate, % 45 44
  Water consumption, l/GFAm² 246 253

1) Based on Sponda’s annual service experience study for customers. The index includes five indicators that are equally weighted on a scale of 1–5: Sponda’s ability to make decisions, Sponda’s ability to realise matters agreed on, the professional skills and expertise of Sponda’s contact persons, the reachability of Sponda’s personnel, and Sponda’s ability to recognise the customer’s needs.
2) The index is calculated from the personnel survey that measures the commitment of personnel, the quality of management, organisational effectiveness and the level of dedication of personnel at Sponda on a scale of 0 to 100. The index provides an overall view of the state of Sponda as an organisation and its capability to take on challenges.
3) Sponda’s properties in Finland