Tires, Products and Travel services

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€89.93
-3.04 %
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KEY FIGURES - IFRS

Last update: February 11, 2014

In EUR million 2013 2012 2011 2010 2009
Net sales 20,247 21,474 20,719 17,891 14,807
% change -5.7% +3.6% +15.8% +20.8% -9.8%
Total employee benefit costs 5,292 5,377 5,021 4,836 4,515
as a % of sales 26.1% 25.0% 24.2% 27.0% 30.5%
Number of employees (full time equivalent) 105,700 107,300 108,300 105,100 102,700
Research and development expenses 643 622 592 545 506
as a % of sales 3.2% 2.9% 2.9% 3.0% 3.4%
EBITDA before non-recurring income and expenses (1) 3,285 3,445 2,878 2,660 1,802
Operating income before non-recurring income and expenses 2,234 2,423 1,945 1,695 862
Operating margin before non-recurring income and expenses 11.0% 11.3% 9.4% 9.5% 5.8%
Operating income 1,974 2,469 1,945 1,945 450
Operating margin 9.7% 11.5% 9.4% 9.5% 3.0%
Cost of net debt 94 155 206 236 262
Other financial income and expenses (15) (22) 236 10 10
Income before taxes 1,702 2,307 1,996 1,498 207
Income tax 575 736 534 449 103
Effective tax rate 33.8% 31.9% 26.8% 30.0% 49.8%
Net income 1,127 1,571 1,462 1,049 104
as a % of sales 5.6% 7.3% 7.1% 5.9% 0.7%
Dividends (2) 438 378 314 147 145
Cash flows from operating activities 3,089 2,926 1,196 1,322 2,123
as a % of sales 15.3% 13.6% 5.8% 7.4% 14.3%
Gross purchases of intangible assets and PP&E 1,980 1,996 1,711 1,100 672
as a % of sales 9.8% 9.3% 8.3% 6.1% 4.5%
Net debt (3) 142 1,053 1,814 1,629 2,931
Equity 9,256 8,501 8,101 8,127 5,495
Gearing 2% 12% 22% 20% 55%
Net debt (3) / EBITDA (1) 0.04 0.31 0.63 0.61 1.63
Cash flows from operating activities / Net debt (3) NS 277.9% 65.9% 81.2% 72.4%
Net interest charge average rate (4) NS 11.0% 9.6% 6.3% 6.2%
Operating income before non-recurring items / Net interest charge (4) 15.7 14.2 9.2 9.1 3.5
Free cash flow (5) 1,154 1,075 (19) 426 1,507
ROE (6) 12.2% 18.5% 18.1% 12.9% 1.9%
ROCE (7) 11.9% 12.8% 10.9% 10.5% 5.4%

NET SALES

NET SALES
Volumes up 3.4% in first-quarter 2014. €4.8 billion in net sales, up 2.5% at constant scope of consolidation and exchange rates.

Markets

Markets
Compare tire market growth figures for the Passenger Car and Light Truck and Heavy Truck markets.
Markets at end of March
Last update: March 14th, 2014

Highlights

Highlights
Check out the First-quarter 2014 highlights.