for the period ended 31 December (unaudited)

(x € 1,000)	2014 FY	2013 FY	%
Revenue	1,386,585	1,283,364	8.0%
Gross profit	249,038	230,679	8.0%
Operating profit (EBIT)	74,711	72,282	3.4%
Result after tax	48,927	49,949	-2.0%
Minority interest	-503	-424
Net income	48,424	49,525	-2.2%
Gross profit as % of Revenue	18.0%	18.0%	0.0
Net result as % of Revenue	3.5%	3.9%	-0.4
Workforce
Direct employees (average)	12,101	11,573	4.6%
Indirect employees (average)	1,624	1,500	8.3%
Total	13,725	13,073	5.0%
Direct employees (period end)	11,881	12,195	-2.6%
Indirect employees (period end)	1,668	1,537	8.5%
Total	13,549	13,732	-1.3%
Earnings per share (in euro)
Earnings per share for ordinary shareholders	0.99	1.02
Diluted earnings per share	0.98	1.02
Weighted average number of ordinary shares
for the purpose of basic earnings per share	49,056,124	48,539,874
Weighted average number of ordinary shares
for the purpose of diluted earnings per share	49,506,124	48,699,874

	2014	2013
(x € 1,000)	FY	FY
Revenue	1,386,585	1,283,364
Direct personnel expenses	1,137,547	1,052,685
Gross profit	249,038	230,679
Indirect personnel expenses	109,720	98,863
Depreciation and amortisation	7,750	5,951
Other general and administrative expenses	56,857	53,583
Total operating costs	174,327	158,397
Operating profit	74,711	72,282
Financial income and expense Share of profit of investments accounted for using the equity	550	183
method	110
Group result before tax	75,371	72,465
Tax	26,444	22,516
Net income	48,927	49,949

Attributable to :
Net income for ordinary shareholders	48,424	49,525
Minority interests	503	424
Net income	48,927	49,949

(x € 1,000)	2014 FY	2013 FY
Net income	48,927	49,949
Other comprehensive income
Items that may be reclassified subsequently to profit or loss Exchange differences arising on translation of
foreign operations Income tax relating to components of other	15,303	-18,773
comprehensive income	-207	561
Other comprehensive income (net of tax)	15,096	-18,212
Total comprehensive income	64,023	31,737
Attributable to:

		2014		2013
(x € 1,000)		31 December		31 December
Non-current assets
Goodwill	4,104		3,981
Other intangible assets	15,219		14,136
Property, plant and equipment	9,570		9,135
Financial Assets	160
Deferred income tax assets	12,348		8,778
		41,401		36,030
Current assets net of current liabilities
Trade and other receivables	323,956		304,613
Income tax receivables	2,145		8,137
Cash and cash equivalents	125,070		89,671
Total current assets	451,171		402,421
Current liabilities	152,333		143,217
Income tax payables	8,023		13,089
Total current liabilities	160,356		156,306
Working capital		290,815		246,115
Non-current liabilities
Provisions	856		1,748
Deferred income tax liabilities	2,338		1,598
Long term liabilities external	753		706
Total non-current liabilities		3,947		4,052
Group equity
Shareholders' equity	327,803		277,706
Minority interest	466		387
		328,269		278,093
Balance sheet total		492,572		438,451

Other balance sheet items / key figures
Current assets / current liabilities		2.81		2.57
Shareholders' equity / Balance sheet total		66.5%		63.3%
Issued ordinary shares (x 1,000)		49,397		48,716

	2014				2013
(x € 1,000)	Shareholders' equity	Minority Interest	Group equity	Shareholders' equity	Minority Interest	Group equity
Balance at 1 January	277,706	387	278,093	263,853	307	264,160
Net income	48,424	503	48,927	49,525	424	49,949
Exchange differences arising on translation of foreign operations	15,300	3	15,303	-18,760	-13	-18,773
Income tax relating to components of other comprehensive income	-207		-207	561		561
Total comprehensive income	63,517	506	64,023	31,326	411	31,737
Cash dividend	-27,138	-427	-27,565	-24,270	-331	-24,601
Share based payments Option rights exercised	3,299 10,419		3,299 10,419	2,804 3,993		2,804 3,993
Balance at 31 December	327,803	466	328,269	277,706	387	278,093

Condensed consolidated cash flow statement

for the period ended 31 December (unaudited)

(x € 1,000)	2014	2013
	FY	FY
Cash flow from operational activities
Result before tax	75,371	72,465
Adjustments for:
Depreciation and amortisation	7,750	5,951
Interest income	-513	-176
Interest expenses	937	226
Share of profit/loss from associates	-110
Other non-cash expenses	284	1,744
Share based payments	3,299	2,804
Changes in:
Receivables	95	-37,841
Provisions	-878	1,748
Long term liabilities		706
Current liabilities	-1,061	-3,572
	85,174	44,055
Income tax paid	-28,867	-16,045
Interest paid	-937	-226
Interest received	513	176
Cash flow from operational activities	55,883	27,960
Cash flow from investing activities
Additions to property, plant and equipment	-3,064	-2,633
Additions to software	-5,974	-5,660
Disposals of property, plant and equipment		52
Additions to financial fixed assets	-50
	-9,088	-8,241
Cash flow from financing activities
Issue of new shares	10,419	3,993
Dividend minority interest	-427	-331
Dividend ordinary shareholders	-27,138	-24,270
	-17,146	-20,608
Net cash flow	29,649	-889

* Including in Energy revenue is EUR 24.7 million (2013: EUR 15.4 million) revenue generated in The Netherlands.

The total number of direct and indirect employees with the group companies is set out below:

Segment reporting (unaudited)

The total number of direct and indirect employees with the group companies is set out below: