Consolidated data

Key figures - IFRS

Last update: July 25, 2017
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In € millions First-half 2017 First-half 2016 2016 2015 2014 2013 2012 2011 2010
Net sales 11,059 10,292 20,907 21,199 19,553 20,247 21,474 20,719 17,891
% change +7.50% -2.00% -1.4% +8.4% -3.4% -5.7% +3.6% +15.8% +20.8%
Total employee benefit costs 3,08 2,991 5,542 5,785 5,292 5,292 5,377 5,021 4,836
as a % of net sales 27.90% 29.10% 26.5% 27.3% 27.1% 26.1% 25.0% 24.2% 27.0%
Average number of employees (full time equivalent) 106,1 106,2 105,7 105,8 106,7 105,7 107,3 108,3 105,1
Research and development expenses 327 361 718 689 656 643 622 592 545
as a % of net sales 3.00% 3.50% 3.4% 3.3% 3.4% 3.2% 2.9% 2.9% 3.0%
EBITDA from recurring activities 1 2,07 2,085 4,084 3,934 3,286 3,285 3,445 2,878 2,66
Operating income from recurring activities 1,393 1,405 2,692 2,577 2,17 2,234 2,423 1,945 1,695
Operating margin from recurring activities 12.60% 13.70% 12.9% 12.2% 11.1% 11.0% 11.3% 9.4% 9.5%
Operating income 1,42 1,354 2,791 2,207 1,991 1,974 2,469 1,945 1,945
Operating margin 12.80% 13.20% 13.3% 10.4% 10.2% 9.7% 11.5% 9.4% 9.5%
Cost of net debt 95 123 203 184 130 94 155 206 236
Other financial income and expenses -10 16 20 -30 -43 -15 -22 236 10
Income before taxes 1,26 1,17 2,464 1,869 1,651 1,702 2,307 1,996 1,498
Income tax 397 401 797 706 620 575 736 534 449
Effective tax rate 31.50% 34.30% 32.3% 37.8% 37.5% 33.8% 31.9% 26.8% 30.0%
Net income 863 769 1,667 1,163 1,031 1,127 1,571 1,462 1,049
as a % of net sales 7.80% 7.50% 8.0% 5.5% 5.3% 5.6% 7.3% 7.1% 5.9%
Dividends 2 596 522 522 463 464 438 378 314 147
Cash flows from operating activities 620 893 2,764 2,695 2,522 3,089 2,926 1,196 1,322
as a % of net sales 5.60% 8.70% 13.2% 12.7% 12.9% 15.3% 13.6% 5.8% 7.4%
Gross purchases of intangible assets and PP&E 585 623 1,811 1,804 1,883 1,98 1,996 1,711 1,1
as a % of net sales 5.30% 6.10% 8.7% 8.5% 9.6% 9.8% 9.3% 8.3% 6.1%
Net debt 3 1,685 1,719 944 1,008 707 142 1,053 1,814 1,629
Equity 10,461 9,803 10,646 9,542 9,523 9,256 8,501 8,101 8,127
Net debt 3 / Equity 16% 18% 9% 11% 7% 2% 12% 22% 20%
Net debt 3 / EBITDA 1 0.81 0.82 0.23 0.26 0.22 0.04 0.31 0.63 0.61
Cash flows from operating activities / Net debt 3 36.80% 52.00% NM NM NM NM NM NM NM
Operating income from recurring activities / Net interest expense 4 15.3 14.0 13.3 12.8 16.0 15.7 14.2 9.2 9.1
Free cash flow 5 -305 8 1,024 653 322 1,154 1,075 -19 426
ROE 6 N/A N/A 15.7% 12.2% 10.8% 12.2% 18.5% 18.1% 12.9%
ROCE 7 N/A N/A 12.1% 12.2% 11.1% 11.9% 12.8% 10.9% 10.5%

1 As defined in note 3.7.2 to the 2016 consolidated financial statements.

2 Including the dividends paid in shares.

3 Net debt: financial liabilities - cash and cash equivalents (excluding cash flows from cash management financial assets and borrowing collaterals) +/- derivative assets, as defined in note 26 to the 2016 consolidated financial statements.

4 Net interest charge: interest financing expenses - interest income from cash and equivalents.

5 Free cash flow: cash flows from operating activities - cash flows from investing activities (excluding cash flows from cash management financial assets and borrowing collaterals), as defined in section 3.5.3. to the 2016 first-half financial report.

6 ROE: net income attributable to shareholders/shareholders’ equity excluding non-controlling interests.

7 ROCE: Net Operating Profit After Tax (NOPAT)/capital employed (intangible assets and PP&E + long-term financial assets + working capital requirement), as defined in section 2.6 of the 2016 Registration Document.