Key figures1

Results

In millions of EUR 2007 2006 Change in %
Revenue 12,564 11,829 6.2
EBIT2 1,528 1,832 (16.6)
EBIT (beia)2 1,846 1,569 17.6
Net profit 807 1,211 (33.4)
Net profit (beia)2 1,119 930 20.4
EBITDA2 2,292 2,618 (12.5)
EBITDA (beia)2 2,568 2,346 9.5
Net debt 1,926 1,914 0.6
Dividend (proposed) 343 294 16.7
Free operating cash flow2 745 1,122 (33.6)

Balance sheet

In millions of EUR
Total assets 12,968 12,997 (0.2)
Equity attributable to equity holders of the Company 5,404 5,009 7.9
Net debt position 1,926 1,914 0.6
Market capitalisation 21,639 17,654 22.6

Results and balance sheet per share of €1.60
Weighted average number of shares – basic 489,353,315 489,712,594
Net profit 1.65 2.47 (33.2)
Net profit (beia) 2.29 1.90 20.4
Dividend (proposed) 0.70 0.60 16.7
Free operating cash flow 1.52 2.29 (33.6)
Equity attributable to equity holders of the Company 11.04 10.23 7.9
Share price as at 31 December 44.22 36.03 22.7

Employees

In numbers
Average number of employees pro rata 54,004 57,557 (6.2)

Ratios
EBIT as % of revenue 12.2% 15.5% (21.3)
EBIT as % of total assets 11.8% 14.1% (16.3)
Net profit as % of average shareholders’ equity 15.5% 27.5% (43.6)
Net debt/EBITDA (beia) 0.75 0.82 (8.5)
Dividend % payout 30.7% 31.6% 74.5
Cash conversion rate 57.9% 105.6% (45.2)
EBITDA/Net interest expenses 22.7 19.7 15.2

1Please refer to the ‘Glossary’ for definitions.

2‘EBIT, EBIT (beia), net profit (beia), EBITDA, EBITDA (beia) and free operating cash flow’ are not financial measures calculated in accordance with IFRS. Accordingly, it should not be considered as an alternative to ‘results from operating activities’ or ‘profit’ as indicators of our performance, or as an alternative to ‘cash flow from operating activities’ as a measure of our liquidity. However, we believe that ‘EBIT, EBIT (beia), net profit (beia), EBITDA, EBITDA (beia) and free operating cash flow’ are measures commonly used by investors and as such useful for disclosure. The presentation on these financial measures may not be comparable to similarly titled measures reported by other companies due to differences in the ways the measures are calculated. For a reconciliation of ‘results from operating activities’, ‘profit’ and ‘cash flow from operating activities’ to ‘EBIT, EBIT (beia), net profit (beia), EBITDA, EBITDA (beia) and free operating cash flow’ we refer to the financial review.

 

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