6.1 Five-year summary

		Excluding NBT	Including NBT
Operations (€ x 1,000)	2023	2022	2022	2021	2020	2019

Revenue	262,426	229,479	230,559	207,012	189,916	191,549
Revenue growth	14%	-	11%	9%	-1%	0%
Recurring revenue¹	84,127	70,756	70,983	58,535	50,666	44,559
Growth in recurring revenue	19%	-	21%	16%	14%	20%
Recurring revenue as % of total revenue	32%	31%	31%	28%	27%	23%


Added value²	180,979	153,568	154,544	139,325	125,098	121,106
- as % of revenue	69%	67%	67%	67%	66%	63%
- per FTE	198	186	186	180	169	173

Research and development costs³	46,876	40,419	40,419	36,732	34,972	30,024
- as % of revenue	18%	18%	18%	18%	18%	16%

EBITDA excluding one-off items *	37,430	33,136	33,458	33,214	26,503	25,968
Operating profit	27,323	23,545	23,790	23,072	17,119	17,488
- as % of revenue	10%	10%	10%	11%	9%	9%
Operating profit excluding one-off items *	27,323	23,545	23,790	23,072	17,119	17,488
- as % of revenue	10%	10%	10%	11%	9%	9%
Operating profit growth	16%	-	3%	35%	-2%	-10%

Profit for the financial year⁴	21,641	18,704	18,704	18,284	13,751	24,127
- as % of revenue	8%	8%	8%	9%	7%	13%

*A specification of one-off items, as applicable, is provided in the report for the financial year to which these items relate.

1Revenue from software subscriptions (licences) and services.
2Added value per FTE is revenue plus or less inventory movements, the cost of materials, outsourced work and logistics costs divided by the average number of FTEs
3Research and development costs mostly relate to maintaining and further developing current products and services. The remaining costs are for research and development in relation to new products or services. Such development costs are only capitalised if the applicable IAS 38 criteria are met.
4Profit for the 2019 financial year includes a book profit of €9.9 million on the sale of Nedap France.

		Excluding NBT	Including NBT
Per share of € 0.10 ¹ (in €)	2023	2022	2022	2021	2020	2019

Operating cash flow	4.56	-	2.71	4.36	4.69	4.58
Profit for the financial year	3.31	-	2.87	2.82	2.13	3.74
Profit excluding one-off items	3.31	-	2.87	2.82	2.13	3.74
Dividend *	3.20	-	3.00	3.00	4.50	-
Pay-out ratio	97%	-	105%	106%	211%	0%

Outstanding shares
Year-end ²	6,554,003	6,519,965	6,519,965	6,486,501	6,468,343	6,452,833
Yearly average²	6,546,636	6,512,369	6,512,369	6,482,444	6,465,033	6,444,622

Number of employees
Year-end	1,013	909	915	820	805	752
Yearly average	962	863	868	812	775	728

Number of FTEs
Year-end	964	866	872	786	766	724
Yearly average	916	824	829	775	741	702

*The dividend for 2020 includes a one-off interim dividend payment, following a previous decision to withdraw the dividend proposal for 2019 on account of the COVID-19 pandemic.

1Based on the average number of outstanding shares; dividend is based on the number of outstanding shares at the end of the financial year.
2Explained in note 7 to the consolidated financial statements.

		Excluding NBT	Including NBT
Financing (€ x 1,000)	2023	2022	2022	2021	2020	2019


Net debt	3,844	-3,354	-3,483	-15,615	-11,579	-4,492
Net debt/EBITDA excluding one-off items	0.1	-0.1	-0.1	-0.5	-0.4	-0.2
Shareholders equity¹	85,331	81,194	81,194	80,306	73,253	73,571
Balance sheet total	139,866	134,488	134,677	131,511	119,076	120,546

Solvency²	61%	60%	60%	61%	62%	61%

1Net working capital is current assets excluding cash and cash equivalents, less employee benefits, provisions, deferred tax liabilities, income tax payable, taxation and social security contributions, lease liabilities, trade liabilities and other payables.
2Return On Invested Capital (ROIC) represents operating profit divided by the invested capital (fixed assets + net working capital - associate).

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