Multiyear Overview

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€ million

 

2017

 

Change in %

 

20161

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Adjusted in accordance with IFRS 5 (Non-Current Assets Held for Sale and Discontinued Operations)

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

4,924.2

 

6.3

 

4,634.2

 

5,296.2

 

4,826.4

 

4,478.9

Income before taxes

 

335.0

 

36.0

 

246.4

 

406.7

 

365.2

 

31.0

Net income for the year

 

884.8

 

>100

 

189.3

 

241.8

 

195.4

 

6.3

EBITDA

 

1,014.1

 

6.1

 

955.5

 

1,048.8

 

1,042.3

 

678.7

EBIT

 

423.7

 

25.5

 

337.5

 

473.4

 

443.3

 

114.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed assets

 

4,209.4

 

-11.7

 

4,765.5

 

4,964.9

 

4,471.0

 

4,067.7

Intangible assets

 

41.5

 

-17.7

 

50.4

 

32.1

 

32.9

 

20.4

Property, plant and equipment

 

3,501.7

 

-23.8

 

4,596.4

 

4,800.6

 

4,312.8

 

3,785.6

Financial assets

 

666.2

 

>100

 

118.7

 

132.2

 

125.3

 

261.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets, incl. deferred taxes + prepaid expenses

 

2,626.3

 

-2.6

 

2,696.1

 

2,299.5

 

2,476.2

 

2,264.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Liquidity

 

286.9

 

1.2

 

283.5

 

310.5

 

325.9

 

431.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

3,169.3

 

22.2

 

2,593.2

 

2,795.1

 

1,946.5

 

2,197.1

Subscribed capital

 

260.8

 

 

260.8

 

260.8

 

260.8

 

260.8

Capital reserves

 

157.4

 

 

157.4

 

157.4

 

157.4

 

157.4

Treasury shares

 

-45.1

 

 

-45.1

 

-45.1

 

-45.1

 

-45.1

Retained earnings, consolidated net income, and other equity items

 

2,746.1

 

36.9

 

2,006.3

 

2,195.1

 

1,549.3

 

1,805.7

Non-controlling interests

 

50.1

 

-76.6

 

213.8

 

226.9

 

24.1

 

18.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowed capital

 

3,666.4

 

-24.7

 

4,868.4

 

4,469.3

 

5,000.7

 

4,135.3

Provisions

 

2,042.8

 

-19.9

 

2,550.7

 

1,996.7

 

2,137.7

 

1,401.9

Liabilities, incl. deferred taxes + deferred income

 

1,623.6

 

-29.9

 

2,317.7

 

2,472.6

 

2,863.1

 

2,733.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Net financial debt (–) Net financial receivables (+)

 

-454.4

 

-54.2

 

-992.5

 

-1,074.0

 

-1,080.6

 

-792.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

6,835.7

 

-8.4

 

7,461.6

 

7,264.4

 

6,947.2

 

6,332.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees (average for the year)

 

13,723

 

3.1

 

13,307

 

16,937

 

16,744

 

16,134

Employees (Dec. 31)

 

13,811

 

2.7

 

13,448

 

16,972

 

16,703

 

16,009

Employees (total)

 

13,811

 

2.7

 

13,448

 

16,972

 

16,703

 

16,009

 

 

 

 

 

 

 

 

 

 

 

 

 

Key profitability figures

 

 

 

 

 

 

 

 

 

 

 

 

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

 

8.6

 

n. a.

 

7.3

 

8.9

 

9.2

 

2.6

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

 

20.6

 

n. a.

 

20.6

 

19.8

 

21.6

 

15.2

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

 

27.9

 

n. a.

 

7.3

 

8.7

 

10.0

 

0.3

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

 

7.5

 

n. a.

 

6.4

 

8.1

 

8.4

 

2.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Key statement-of-financial-position figures

 

 

 

 

 

 

 

 

 

 

 

 

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

 

61.6

 

n. a.

 

63.9

 

68.3

 

64.4

 

64.2

Equity ratio = equity/total assets (%)

 

46.4

 

n. a.

 

34.8

 

38.5

 

28.0

 

34.7

Capital structure = equity/borrowed capital (%)

 

86.4

 

n. a.

 

53.3

 

62.5

 

38.9

 

53.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow and investments

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow from operating activities

 

613.0

 

-1.3

 

621.0

 

617.2

 

485.2

 

464.0

Cash flow from long-term investing activities – before securities

 

-325.0

 

-22.7

 

-420.3

 

-815.6

 

-497.3

 

-555.2

Cash flow from financing activities

 

-333.1

 

>100

 

-135.8

 

57.9

 

-88.6

 

227.6

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

 

358.1

 

-0.8

 

361.1

 

22.5

 

215.7

 

109.7

Investments

 

326.8

 

-3.3

 

338.1

 

834.0

 

572.2

 

503.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Share and valuation

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated net income

 

884.8

 

>100

 

189.3

 

241.8

 

195.4

 

6.3

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

 

17.45

 

>100

 

3.61

 

4.97

 

4.1

 

0.1

Market capitalization (total number of shares without treasury shares)

 

8,057.8

 

64.1

 

4,910.7

 

3,851.0

 

4,523.2

 

3,994.1

Number of shares

 

49,677,983

 

 

49,677,983

 

49,677,983

 

49,677,983

 

49,677,983

Price as of reporting date December 31

 

162.2

 

64.1

 

98.85

 

77.52

 

91.1

 

80.4

Dividend per share (€)

 

4.50

 

>100

 

2.00

 

2.00

 

1.50

 

0.50

Dividend yield (%)

 

4.0

 

n. a.

 

2.6

 

2.2

 

1.7

 

0.8

Capital employed

 

5,138.3

 

-3.1

 

5,300.4

 

5,875.4

 

5,260.7

 

5,238.2