Business Development 2008 – 2012

Total revenues

7,590

7,747

9,291

10,276

11,173

8.7

Sales

7,202

7,378

8,929

9,906

10,741

8.4

Operating result (EBIT)

731

621

1,113

1,132¹

964

–14.9

Margin (in % of sales)

10.2

8.4

12.5

11.4

9.0

EBITDA

1,947

1,625

2,457

2,731¹

2,360

–13.6

Margin (in % of sales)

27.0

22.0

27.5

27.6

22.0

One-time items

–105

–28

–88

7

–605

–

EBITDA pre one-time items

2,052

1,653

2,545

2,724

2,965

8.9

Margin (in % of sales)

28.5

22.4

28.5

27.5

27.6

Profit before tax

575

486

861

839¹

709

–15.5

Profit after tax

379

377

642

618¹

579

–6.3

Earnings per share (in €)

1.69

1.68

2.91

2.79¹

2.61

–6.5

Total assets

15,645

16,713

22,388

22,122¹

21,643

–2.2

Non-current assets

11,286

11,181

16,724

15,723¹

15,017

–4.5

– of which intangible assets (incl. goodwill)

8,203

7,598

12,484

11,764

10,945

–7.0

– of which property, plant and equipment

2,440

2,608

3,241

3,113

2,954

–5.1

Current assets

4,359

5,532

5,664

6,399¹

6,626

3.5

– of which cash and cash equivalents

693

541

944

938

730

–22.2

– of which trade accounts receivable

1,659

1,789

2,296

2,328

2,115

–9.2

– of which inventories

1,407

1,368

1,674

1,691

1,534

–9.3

Financial liabilities

1,346

2,307

5,484

5,539

4,454

–19.6

– of which current

266

705

356

1,394

1,091

–21.7

– of which non-current

1,080

1,602

5,127

4,145

3,362

–18.9

Equity

9,563

9,514

10,372

10,494¹

10,415

–0.8

Investments in intangible fixed assets²

141

97

104

80

144

80.9

Investments in property, plant and equipment²

395

467

396

366

329

–10.1

Free cash flow

438

812

–3,522

1,436

2,040

42.0

Net financial debt

477

263

4,484

3,484

1,926

–44.7

Equity ratio

61.1

56.9

46.3

47.4¹

48.1

–

Research and development

1,234

1,345

1,397

1,514¹

1,511

–0.2

Dividend per share in €

1.50

1.00

1.25

1.50

1.70

13.3

Employees (number as of December 31)

32,800

33,062

40,562

40,676

38,847

–4.5