Ten-year Overview

Financial performance

in € million 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Net sales 3,889.2 3,761.0 3,631.6 3,838.5 3,823.0 3,824.6 3,435.6 3,304.2 2,475.5 2,900.8
Research and development costs 1 233.4 217.6 221.4 203.0 212.3 197.0 181.2 144.3 122.6 124.8
EBITDA 372.7 335.7 251.9 310.5 327.9 420.5 426.1 377.5 200.3 230.0
EBIT 256.8 215.2 129.0 196.8 194.4 334.7 347.6 292.3 116.1 146.9
Income before taxes 225.7 184.5 93.5 157.7 155.1 295.3 315.6 255.3 77.2 112.3
Net income 152.0 115.4 37.6 105.7 113.1 212.3 232.7 181.8 51.5 73.4
Return on sales (in %) 5.8 4.9 2.6 4.1 4.1 7.7 9.2 7.7 3.1 3.9
Return on equity (in %) 10.9 8.9 3.2 8.6 9.6 17.3 21.3 20.9 6.3 9.5
Foreign sales (in %) 78.5 79.1 78.6 77.2 77.2 78.1 77.3 73.5 73.1 75.2

Cash flow / investments / amortization, depreciation, impairment

in € million 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Cash flows from operating activities 85.0 345.0 246.0 156.5 50.4 247.6 115.1 244.5 300.5 -140.6
Free cash flow - 83.9 209.6 118.5 38.8 - 136.9 82.1 -84.2 156.5 215.8 -264.8
Capital expenditure 2 160.3 130.7 122.2 128.3 173.2 172.4 163.1 93.7 87.2 125.2
Depreciation / amortization / impairment 3 112.7 116.2 102.8 111.3 133.3 83.3 78.4 85.1 84.2 83.1

Asset / capital structure

in € million 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Non-current assets 1,066.8 995.6 1,002.0 993.0 942.5 820.4 707.3 586.4 561.6 579.1
thereof: development costs recognized as an asset 194.3 183.2 174.9 160.9 141.8 116.1 96.9 89.7 92.3 95.5
thereof: property, plant and equipment 501.5 476.2 480.5 480.7 486.2 460.0 404.3 337.6 330.5 322.4
Current assets 2,317.8 2,237.1 2,135.2 2,350.2 2,170.6 2,105.5 1,913.1 1,803.4 1,716.8 1,627.6
thereof: inventories 903.0 683.9 733.0 873.1 934.9 729.7 682.1 559.6 418.1 519.3
thereof: liquid assets 803.4 937.6 842.4 851.3 699.2 863.7 767.2 818.8 907.7 677.2
Equity 1,395.5 1,293.8 1,160.7 1,231.0 1,183.2 1,226.7 1,094.8 870.1 814.2 775.5
Equity-to-assets ratio (in %) 41.2 40.0 37.0 36.8 38.0 41.9 41.8 36.4 35.7 35.1
Non-current liabilities 958.4 938.8 1,060.2 981.1 656.1 700.0 593.5 497.3 720.6 766.2
Current liabilities 1,030.8 1,000.2 916.3 1,131.1 1,273.8 999.2 932.1 1,022.4 743.6 665.0
Total assets 3,384.7 3,232.8 3,137.2 3,343.2 3,113.1 2,925.9 2,620.4 2,389.8 2,278.4 2,206.7
Net liquidity 197.9 320.3 124.0 46.7 82.7 387.4 333.6 442.9 395.2 166.2
Working capital 1,012.5 839.5 892.3 1,007.2 998.1 843.6 822.7 650.9 512.6 692.8
Equity and non-current liabilities to non-current assets (in %) 220.7 224.2 221.6 222.8 195.2 234.9 238.7 233.2 273.3 266.2

Employees

  2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Number of employees as of the balance sheet date 4 11,132 10,961 11,300 11,535 11,407 9,697 9,077 9,060 8,968 9,467
Personnel expenses (in € million) 693.0 673.5 653.3 650.6 627.0 594.0 548.1 540.4 489.0 522.8

1 Before capitalized and amortized development costs.

2 Including development costs recognized as an asset, excluding goodwill.

3 Of intangible assets (excluding goodwill) and property, plant and equipment.

4 Including apprentices.