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Business Development 2012 – 2016

This overview may include historically adjusted values in order to ensure comparability with 2016.

35.5 KB EXCEL
€ million 2012 2013 2014 2015 2016 Change in %
Earnings performance
 
Net sales 10,756 10,735 11,363 12,845 15,024 17.0%
Operating result (EBIT) 964 1,611 1,762 1,843 2,481 34.6%
Margin (% of net sales) 9.0% 15.0% 15.5% 14.3% 16.5%
EBITDA 2,360 3,069 3,123 3,354 4,415 31.6%
Margin (% of net sales) 21.9% 28.6% 27.5% 26.1% 29.4%
Exceptionals – 605 – 184 – 265 – 276 – 75 – 72.6%
EBITDA pre exceptionals 2,965 3,253 3,388 3,630 4,490 23.7%
Margin (% of net sales) 27.6% 30.3% 29.8% 28.3% 29.9%
Profit before income tax 709 1,389 1,557 1,487 2,154 44.9%
Profit after tax 579 1,209 1,165 1,124 1,633 45.3%
Earnings per share (in €)1 1.30 2.77 2.66 2.56 3.75 46.5%
 
Assets and liabilities
Total assets2 21,643 20,819 26,010 38,081 38,251 0.4%
Non-current assets2 15,017 13,434 15,530 30,737 30,582 – 0.5%
of which:
Intangible assets (incl. goodwill)2 10,945 9,867 11,396 25,422 24,989 – 1.7%
Property, plant and equipment2 2,954 2,647 2,990 4,008 4,230 5.5%
Current assets2 6,626 7,385 10,480 7,344 7,670 4.4%
of which:
Cash and cash equivalents 730 981 2,879 832 939 12.8%
Trade accounts receivable 2,115 2,021 2,220 2,738 2,889 5.5%
Inventories2 1,534 1,474 1,660 2,610 2,607 – 0.1%
Financial liabilities 4,454 3,698 5,637 13,713 12,597 – 8.0%
Current 1,091 440 2,076 4,097 3,788 – 7.5%
Non-current 3,362 3,257 3,561 9,616 8,809 – 8.4%
Net equity 10,415 11,069 11,801 12,855 14,050 9.3%
 
Liquidity
Investments in intangible assets3 144 110 143 179 132 – 26.3%
Investments in property, plant and equipment3 329 407 481 514 716 39.3%
Business free cash flow 2,969 2,960 2,605 2,766 3,318 20.0%
Net financial debt 1,926 307 559 12,654 11,513 – 9.0%
 
Other key data
Equity ratio (in %) 48.1% 53.2% 45.4% 33.8% 36.7%
Research and development costs 1,511 1,507 1,704 1,709 1,976 15.6%
Dividend per share before share split (in €)4 1.70 1.90
Dividend per share after share split (in €)4 1.00 1.05 1.205 14.3%
Employees (number as of December 31) 38,847 38,154 39,639 49,613 50,414 1.6%
1
Taking into account the share split in 2014; fiscal 2012 and 2013 have been adjusted accordingly.
2
Fiscal 2015 has been adjusted, see “Acquisitions, assets held for sale and disposal groups” in the Notes to the Consolidated Financial Statements.
3
According to the Consolidated Cash Flow Statement.
4
In fiscal 2014, a 2:1 share split took place.
5
Proposal on the appropriation of profits for 2016.