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KEY FIGURES - IFRS

In € million 2011 2010 2009 2008 2007 2006 2005 2004
Net Sales 20,719 17,891 14,807 16,408 16,867 16,384 15,590 15,048
% change +15,8% +20.8% -9.8% -2.7% +3.0% +5.1% +3.6% N. App.
Total employee benefits costs 5,021 4,836 4,515 4,606 4,732 4,718 4,780 4,837
as a % of sales 24.2% 27.0% 30.5% 28.1% 28.1% 28.8% 30.7% 32.1%
Number of employees (full time equivalent) 108,300 105,100 102,700 110,300 113,500 115,800 119,000 120,500
Research and development expenses 592 545 506 499 571 591 565 576
as a % of sales 2.9% 3.0% 3.4% 3.0% 3.4% 3.6% 3.6% 3.8%
EBITDA 2,878 2,660 1,802 1,848 2,468 2,209 2,171 2,030
Operating income before non-recurring income and expenses 1,945 1,695 862 920 1,645 1,338 1,368 1,303
Operating margin before non-recurring income and expenses 9.4% 9.5% 5.8% 5.6% 9.8% 8.2% 8.8% 8.7%
Operating income 1,945 1,695 450 843 1,319 1,118 1,574 1,239
Operating margin 9.4% 9.5% 3.0% 5.1% 7.8% 6.8% 10.1% 8.2%
Cost of net debt (206) (236) (262) (330) (294) (315) (310) N. App.
Other financial income and expenses 236 10 10 (3) 29 135 (280) (235)
Income before taxes 1,996 1,498 207 520 1,071 942 1,300 985
Income tax (534) (449) (103) (163) (299) (369) (411) (331)
Effective tax rate 26.8% 30.0% 49.8% 31.3% 27.9% 39.2% 31.6% 33.6%
Net income 1,462 1,049 104 357 772 573 889 654
as a % of sales 7.1% 5.9% 0.7% 2.2% 4.6% 3.5% 5.7% 4.3%
Dividends paid to Shareholders (1) 314 147 145 230 208 193 179 133
Cash flows from operating activities 1,196 1,322 2,123 915 1,862 1,191 1,031 1,322
as a % of sales 5.8% 7.4% 14.3% 5.6% 11.0% 7.3% 6.6% 8.8%
Gross purchases of intangible assets and PP&E 1,711 1,100 672 1,271 1,340 1,414 1,336 1,107
as a % of sales 8.3% 6.1% 4.5% 7.7% 7.9% 8.6% 8.6% 7.4%
Financing cash flow (excluding cash management financial assets) (1,215) (896) (616) (1,274) (1,429) (1,230) (1,155) (1,056)
as a % of sales 5.9% 5.0% 4.2% 7.8% 8.5% 7.5% 7.4% 7.0%
Net debt (2) 1,814 1,629 2,931 4,273 3,714 4,178 4,083 3,292
Equity (3) 8,101 8,127 5,495 5,113 5,290 4,688 4,527 3,647
Gearing 22% 20% 53% 84% 70% 89% 90% 90%
Net debt (2) / EBITDA 0.63 0.61 1.63 2.31 1.50 1.89 1.88 1.62
Cash flows from operating activities / Net debt (2) 65.9% 81.2% 72.4% 21.4% 50.1% 28.5% 25.3% 40.2%
Net interest charge average rate (3) 9.6% 6.3% 6.2% 6.0% 6.4% 6.3% 6.9% N. App.
Operating income before non-recurring items / Net interest charge (3) 9.2 9.1 3.5 3.5 6.1 4.2 4.4 N. App.
Free cash flow (4) (19) 426 1,507 (359) 433 (39) (124) 266
ROE (5) 18.1% 12.9% 1.9% 7.0% 14.7% 12.2% 19.7% 18.5%
ROCE (6) 10.9% 10.5% 5.4% 5.6% 9.7% 8.0% N. App. N. App.

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