Emma Villas Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	2010 - 2014
Period Ending	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	2010 - 2014
Debt / Equity Ratio	2.33	2.39	2.34	-	-	Upgrade
Debt / EBITDA Ratio	7.73	6.51	5.86	-	-	Upgrade
Asset Turnover	2.08	2.26	2.30	2.71	2.91	Upgrade
Quick Ratio	0.09	0.12	0.07	-	-	Upgrade
Current Ratio	0.33	0.37	0.32	0.78	0.69	Upgrade
Return on Equity (ROE)	13.83%	19.61%	22.53%	26.30%	24.93%	Upgrade
Return on Assets (ROA)	3.18%	3.89%	3.92%	3.64%	3.62%	Upgrade
Return on Capital (ROIC)	5.63%	7.30%	11.81%	27.05%	29.02%	Upgrade
Return on Capital Employed (ROCE)	24.60%	30.80%	30.40%	25.00%	34.20%	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.