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Name	2018	2019	2020e	12m FWD	2021e
DPS
EBIT	26.73m	38.41m	72.57m	72.99m	82.76m
EBITA	30.82m	43.72m
EBITDA	39.42m	54.84m	85.41m	85.89m	97.12m
EPS	0.69	0.96	1.48	1.48	1.59
EV	1.26b	1.74b
EV/EBITDA	32.02	31.77
FCF (Levered)	30.52m	42.41m	60.20m	60.52m	67.87m
NET Debt	-178.40m	-189.67m	-168.25m	-170.84m	-231.11m
P/BOOK	9.19	10.18
P/E	59.34	57.58	72.29	72.07	67.29
Payout Ratio
ROA	4.60%	5.76%
ROE	7.86%	10.01%	12.65%	12.72%	14.30%
Revenue	248.24m	279.12m	309.90m	311.85m	357.34m

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Name	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q3e	2020 Q4e	2021 Q1e	2021 Q2e	2021 Q3e
DPS
EBIT	10.76m	11.54m	11.11m	13.95m	16.88m	17.71m	19.26m	19.92m	21.93m
EBITA	12.18m	12.87m	12.43m	15.29m
EBITDA	15.16m	16.01m	15.56m	18.48m	20.65m	21.39m	22.79m	23.50m	25.40m
EPS	0.26	0.27	0.32	0.32	0.33	0.34	0.38	0.38	0.42
EV	1.74b	1.35b	2.43b	2.55b
EV/EBITDA	114.92	84.38	155.87	137.75
FCF (Levered)	10.56m	8.64m	13.43m	20.96m	15.78m	12.01m	16.79m	18.17m	21.53m
NET Debt		-191.74m	-203.52m	-240.15m	-239.04m	-168.25m	-180.28m	-196.45m	-218.04m
P/BOOK		10.15	10.63	11.19
P/E	211.89	171.43	235.08	240.94	324.21	314.68	281.55	281.55	254.74
Payout Ratio
ROA	6.16%	6.50%	6.16%	7.35%
ROE	10.47%	10.72%	12.29%	11.88%
Revenue	72.73m	74.19m	75.57m	79.56m	76.91m	80.58m	85.83m	87.66m	91.20m