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A aalberts mission critical technologies Aalberts accelerates strategy and continues investments and innovations solid and resilient performance with strong free cash flow highlights o limited number of COVID - 19 infections ; continued operations in a safe way O revenue EUR 2,610 million ; organic decline 7.0 % o orderbook at year - end 9.3 % higher than last year o EBITA amounted to EUR 283 * million ; as a % of revenue 10.8 * o net profit before amortisation EUR 200 * million ; per share EUR 1.81 * o strong free cash flow of EUR 339 million o net debt ( before IFRS 16 ) reduced with 24 % to EUR 444 million O continued investments and innovations ; capital expenditure EUR 95 million o acceleration strategy : one - off full year strategic restructuring cost ( SRC ) of EUR 51 million with an annual benefit of approx . EUR 50 million CEO statement " We are fortunate that we only faced a limited number of COVID - 19 infections . Our Aalberts people did a great job in continuing our operations in a safe way , serving our customers worldwide . Our business was impacted with an organic revenue decline of 7 % . We focused on cash management , cost optimisations and innovations . We delivered a resilient and solid performance with an added - value of 61.6 % and an EBITA of EUR 283 * million , reflecting our portfolio and market position improvements over the last years . In the first half of the year we accelerated our strategy with many strategic restructuring projects to simplify our organisation , reduce our structural costs and to further improve our portfolio to evolve into a stronger and better Aalberts , realising our strategic objectives . This has led to a one - off strategic restructuring cost during 2020 , which will partly benefit 2020 and fully 2021 . We continued our capital expenditure ( EUR 95 million ) in growing product lines , future technologies and innovations and strengthened our R & D capacity . Some building and capacity expansion investments were postponed . " 24 February 2021 key figures in EUR million revenue added - value as a % of revenue EBITA EBITA as a % of revenue net profit before amortisation earnings per share before amortisation ( in EUR ) net debt net debt ( before IFRS 16 ) leverage ratio : net debt / EBITDA ( before IFRS 16 ) free cash flow ( before interest and tax ) free cash flow conversion ratio ( FCF as a % of EBITDA ) capital expenditure net working capital return on capital employed ( before IFRS 16 ) * before strategic restructuring cost ( SRC ) 2019 2,841 62.8 363 12.8 267 ( 25 % ) 2.42 ( 25 % ) 755 ( 21 % ) 444 588 ( 24 % ) 1.1 1.3 339 312 89.3 63.2 95 148 399 490 12.5 * 15.1 2020 2,610 61.6 283 * 10.8 * 200 * 1.81 * 600 press release full year 2020 Aalberts N.V. delta ( 8 % ) ( 22 % ) dividend We propose a cash dividend of EUR 0.60 per share ( 2019 : EUR 0.80 ) to the General Meeting , a decrease of 25 % . 9 % ( 36 % ) ( 19 % ) outlook We will drive our organic revenue growth and innovation initiatives and increase our capital expenditure . We continue the strategic restructuring projects and inventory reduction programme and further improve our portfolio to realise our strategic objectives . We will continue to strengthen our market positions and niche technologies with bolt - on acquisitions . 1/12