| |
|
|
|
| Operating Highlights (€ in millions) |
|
|
|
|
Sales |
10,299 |
10,084 |
2.1 %
|
|
EBITDA |
1,165 |
1,078 |
8.0 %
|
|
Operating profit |
949 |
881 |
7.8 %
|
| Net income attributable to shareholders |
551 |
483 |
14.2 %
|
| |
|
|
|
| Key Ratios (%) |
|
|
|
| Gross margin |
47.4 % |
44.6 % |
2.8 pp
|
| Operating expenses as a percentage of sales |
39.2 % |
36.7 % |
2.5 pp
|
| Operating margin |
9.2 % |
8.7 % |
0.5 pp
|
| Effective tax rate |
31.8 % |
31.4 % |
0.4 pp
|
| Net income attributable to shareholders as a percentage of sales |
5.4 % |
4.8 % |
0.6 pp
|
| Operating working capital as a percentage of sales |
25.2 % |
25.8 % |
(0.6 pp) |
| Equity ratio |
36.3 % |
33.8 % |
2.6 pp
|
| Financial leverage |
58.4 % |
78.9 % |
(20.5 pp) |
| Return on equity |
18.2 % |
17.1 % |
1.2 pp
|
| |
|
|
|
| Balance Sheet and Cash Flow Data (€ in millions) |
|
|
|
| Total assets |
8,325 |
8,379 |
(0.6 %) |
| Inventories |
1,629 |
1,607 |
1.3 %
|
| Receivables and other current assets |
2,048 |
1,913 |
7.1 %
|
| Working capital |
1,708 |
1,733 |
(1.5 %) |
| Net borrowings |
1,766 |
2,231 |
(20.9 %) |
| Shareholders‘ equity |
3,023 |
2,828 |
6.9 %
|
| Capital expenditure |
289 |
277 |
4.3 %
|
| Net cash provided by operating activities |
780 |
762 |
2.4 %
|
| |
|
|
|
| Per Share of Common Stock (€) |
|
|
|
| Basic earnings |
2.71 |
2.37 |
14.1 %
|
| Diluted earnings |
2.57 |
2.25 |
13.9 %
|
| Operating cash flow |
3.83 |
3.74 |
2.5 %
|
| Dividend |
0.502) |
0.42 |
19.0 %
|
| Share price at year-end |
51.26 |
37.73 |
35.9 %
|
| |
|
|
|
| Other (at year-end) |
|
|
|
| Number of employees |
31,344 |
26,376 |
18.8 % |
| Number of shares outstanding |
203,628,960 |
203,536,860 |
0.0 % |
| Average number of shares |
203,594,975 |
203,386,104 |
0.1 % |
