Multiyear Overview

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€ million

 

2015

 

Change
in %

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

5,296.2

 

9.7

 

4,826.4

 

4,478.9

 

4,634.9

 

4,909.7

 

4,748.4

 

3,719.3

Income before taxes

 

406.7

 

11.4

 

365.2

 

31.0

 

203.9

 

567.4

 

732.3

 

3.3

Net income for the year

 

241.8

 

23.7

 

195.4

 

6.3

 

114.7

 

356.1

 

497.0

 

-74.5

EBITDA

 

1,048.8

 

0.6

 

1,042.3

 

678.7

 

795.4

 

1,104.2

 

1,194.5

 

606.7

EBIT

 

473.4

 

6.8

 

443.3

 

114.3

 

266.6

 

603.2

 

764.6

 

26.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed assets

 

4,964.9

 

11.0

 

4,471.0

 

4,067.7

 

4,260.7

 

3,797.7

 

3,273.5

 

3,017.5

Intangible assets

 

32.1

 

-2.4

 

32.9

 

20.4

 

25.5

 

30.2

 

33.2

 

22.0

Property, plant and equipment

 

4,800.6

 

11.3

 

4,312.8

 

3,785.6

 

3,924.4

 

3,502.0

 

3,027.2

 

2,778.5

Financial assets

 

132.2

 

5.5

 

125.3

 

261.7

 

310.8

 

265.5

 

213.1

 

217.0

Current assets, incl. deferred taxes + accruals and deferrals

 

2,299.5

 

-7.1

 

2,476.2

 

2,264.7

 

2,232.1

 

2,439.3

 

2,227.7

 

1,524.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liquid funds

 

310.5

 

-4.7

 

325.9

 

431.8

 

192.6

 

473.9

 

545.2

 

363.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

2,795.1

 

43.6

 

1,946.5

 

2,197.1

 

2,121.3

 

2,629.7

 

2,446.8

 

1,942.4

Subscribed capital

 

260.8

 

 

260.8

 

260.8

 

260.8

 

260.8

 

260.8

 

260.8

Capital reserves

 

157.4

 

 

157.4

 

157.4

 

157.4

 

157.4

 

157.4

 

157.4

Treasury shares

 

-45.1

 

 

-45.1

 

-45.1

 

-45.1

 

-45.1

 

-45.1

 

-45.1

Retained earnings, consolidated net income, and other equity items

 

2,195.1

 

41.7

 

1,549.3

 

1,805.7

 

1,730.0

 

2,230.3

 

2,049.0

 

1,552.4

Non-controlling interests

 

226.9

 

>100

 

24.1

 

18.3

 

18.2

 

26.3

 

24.7

 

16.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowed capital

 

4,469.3

 

-10.6

 

5,000.7

 

4,135.3

 

4,371.5

 

3,607.3

 

3,054.4

 

2,599.5

Provisions

 

1,996.7

 

-6.6

 

2,137.7

 

1,401.9

 

1,575.3

 

904.2

 

893.2

 

867.8

Liabilities, incl. deferred taxes + accruals and deferrals

 

2,472.6

 

-13.6

 

2,863.1

 

2,733.4

 

2,796.2

 

2,703.1

 

2,161.2

 

1,731.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net financial debt (-) Net financial receivables (+)

 

-1,074.0

 

-0.6

 

-1,080.6

 

-792.2

 

-700.5

 

95.7

 

264.0

 

-76.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

7,264.4

 

4.6

 

6,947.2

 

6,332.4

 

6,492.8

 

6,237.0

 

5,501.2

 

4,541.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees (average for the year)

 

16,937

 

1.2

 

16,744

 

16,134

 

16,663

 

16,934

 

16,033

 

15,719

Employees (Dec. 31)

 

16,972

 

1.6

 

16,703

 

16,009

 

16,292

 

17,168

 

16,314

 

15,618

Employees (total)

 

16,972

 

1.6

 

16,703

 

16,009

 

16,292

 

17,168

 

16,314

 

15,618

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key profitability figures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return on sales (EBIT) = EBIT / sales (%)

 

8.9

 

n. a.

 

9.2

 

2.6

 

5.8

 

12.3

 

16.1

 

0.7

Return on sales (EBITDA) = EBITDA / sales (%)

 

19.8

 

n. a.

 

21.6

 

15.2

 

17.2

 

22.5

 

25.2

 

16.3

Return on equity = net income for the year / equity (as of Dec. 31) (%)

 

8.7

 

n. a.

 

10.0

 

0.3

 

5.4

 

14.0

 

22.6

 

-3.7

ROCE – return on capital employed = EBIT / capital employed (%)

 

8.1

 

n. a.

 

8.4

 

2.2

 

5.2

 

13.9

 

19.1

 

0.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key statement-of-financial-position figures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment intensity of the fixed assets = fixed assets / total assets (%)

 

68.3

 

n. a.

 

64.4

 

64.2

 

65.6

 

60.9

 

59.5

 

66.4

Equity ratio = equity / total assets (%)

 

38.5

 

n. a.

 

28.0

 

34.7

 

32.7

 

42.2

 

44.5

 

42.8

Capital structure = equity /borrowed capital (%)

 

62.5

 

n. a.

 

38.9

 

53.1

 

48.5

 

72.9

 

80.1

 

74.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow and investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow from operating activities

 

617.2

 

27.2

 

485.2

 

464.0

 

363.2

 

867.0

 

1,103.1

 

767.5

Cash flow from long-term investing activities

 

-815.6

 

64.0

 

-497.3

 

-555.2

 

-1,053.8

 

-831.5

 

-681.5

 

-800.4

Cash flow from financing activities

 

57.9

 

>100

 

-88.6

 

227.6

 

326.6

 

37.4

 

3.7

 

92.5

Net cash flow = CF from operating activities + CF from investing activities – additions from finance leases

 

22.5

 

-89.6

 

215.7

 

109.7

 

-536.2

 

6.2

 

421.6

 

-32.9

Investments

 

834.0

 

45.8

 

572.2

 

503.7

 

1,095.4

 

981.2

 

695.1

 

740.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share and valuation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated net income

 

241.8

 

23.7

 

195.4

 

6.3

 

114.7

 

352.6

 

490.7

 

-70.8

Earnings per share (€) = consolidated net income / number of shares

 

4.97

 

21.1

 

4.10

 

0.05

 

2.4

 

7.1

 

9.9

 

-1.4

Market capitalization (total number of shares without treasury shares)

 

 

-100.0

 

4,523.2

 

3,994.1

 

2,466.5

 

3,087.5

 

6,487.9

 

6,066.7

Number of shares

 

49,677,983

 

 

49,677,983

 

49,677,983

 

49,677,983

 

49,677,983

 

49,677,983

 

49,677,983

Price as of reporting date December 31

 

77.52

 

-14.9

 

91.05

 

80.4

 

49.7

 

62.2

 

130.6

 

122.1

Dividend per share (€)

 

2.00

 

33.3

 

1.50

 

0.50

 

0.60

 

2.20

 

3.20

 

1.20

Dividend yield (%)

 

2.2

 

n. a.

 

1.7

 

0.8

 

1.0

 

3.5

 

2.8

 

1.4

Capital employed

 

5,875.4

 

11.7

 

5,260.7

 

5,238.2

 

4,979.0

 

4,343.8

 

4,004.4

 

3,846.3