 |
|
|
|
|
|
|
|
|
| Sales |
|
9 998 |
|
10 490 |
|
10 636 |
|
13 017 |
|
13 509 |
|
| % change on previous year |
|
5.1 |
|
4.9 |
|
1.4 |
|
22.4 |
|
3.8 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Wages and salaries |
|
1 737 |
|
1 805 |
|
1 754 |
|
1 996 |
|
2 234 |
|
| % of sales |
|
17.4 |
|
17.2 |
|
16.5 |
|
15.3 |
|
16.5 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| EBITDA |
|
1 747 |
|
1 877 |
|
2 311 |
|
3 500 |
|
2 755 |
|
| Depreciation |
|
806 |
|
1 111 |
|
849 |
|
1 041 |
|
1 116 |
|
| Goodwill amortisation and impairments |
|
48 |
|
65 |
|
62 |
|
88 |
|
152 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit |
|
893 |
|
701 |
|
1 400 |
|
2 371 |
|
1 487 |
|
| % of sales |
|
8.9 |
|
6.7 |
|
13.2 |
|
18.2 |
|
11.0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Operating profit excl. non-recurring items |
|
945 |
|
1 172 |
|
1 297 |
|
1 926 |
|
1 495 |
|
| % of sales |
|
9.5 |
|
11.2 |
|
12.2 |
|
14.8 |
|
11.1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Share of profits in associated companies |
|
17 |
|
10 |
|
10 |
|
21 |
|
80 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Net financial expense |
|
280 |
|
380 |
|
267 |
|
293 |
|
344 |
|
| % of sales |
|
2.8 |
|
3.6 |
|
2.5 |
|
2.3 |
|
2.5 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Profit after net financial items |
|
630 |
|
331 |
|
1 143 |
|
2 099 |
|
1 223 |
|
| % of sales |
|
6.3 |
|
3.2 |
|
10.7 |
|
16.1 |
|
9.1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Taxes |
|
204 |
|
146 |
|
392 |
|
650 |
|
300 |
|
| Profit for the period |
|
405 |
|
185 |
|
746 |
|
1 435 |
|
926 |
|
| Dividend |
|
254 |
|
268 |
|
304 |
|
407 |
|
404 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Capital expenditure |
|
1 134 |
|
896 |
|
740 |
|
769 |
|
857 |
|
| % of sales |
|
11.3 |
|
8.5 |
|
7.0 |
|
5.9 |
|
6.3 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| R&D expenditure |
|
79 |
|
80 |
|
84 |
|
95 |
|
92 |
|
| % of sales |
|
0.8 |
|
0.8 |
|
0.8 |
|
0.7 |
|
0.7 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Operating capital |
|
13 078 |
|
12 541 |
|
12 615 |
|
16 557 |
|
16 106 |
|
| Capital employed |
|
11 572 |
|
11 038 |
|
10 941 |
|
13 903 |
|
13 859 |
|
| Interest-bearing net liabilities |
|
5 772 |
|
5 486 |
|
4 782 |
|
5 183 |
|
4 820 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ROCE, % |
|
8.0 |
|
6.2 |
|
13.1 |
|
20.7 |
|
10.7 |
|
| ROCE excluding non-recurring items, % |
|
8.5 |
|
10.4 |
|
12.1 |
|
16.8 |
|
10.8 |
|
| Return on equity (ROE), % |
|
7.5 |
|
3.3 |
|
12.8 |
|
19.5 |
|
10.4 |
|
| Equity ratio, % |
|
37.2 |
|
36.0 |
|
38.4 |
|
40.9 |
|
44.0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Debt/equity ratio |
|
1.00 |
|
0.99 |
|
0.78 |
|
0.59 |
|
0.53 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Average number of employees |
|
40 301 |
|
40 987 |
|
40 226 |
|
41 785 |
|
44 275 |
|
|
|
|
|
|
|
|
|
|
|
| Fixed assets and other long-term investments |
|
11 885 |
|
11 704 |
|
11 905 |
|
16 379 |
|
16 178 |
|
| Current assets |
|
3 690 |
|
3 718 |
|
4 133 |
|
4 944 |
|
4 380 |
|
| Assets |
|
15 575 |
|
15 422 |
|
16 038 |
|
21 323 |
|
20 558 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Shareholders' equity |
|
5 528 |
|
5 272 |
|
5 957 |
|
8 571 |
|
8 989 |
|
| Minority interests |
|
272 |
|
279 |
|
202 |
|
149 |
|
50 |
|
| Interest-bearing liabilities |
|
6 565 |
|
6 558 |
|
5 769 |
|
6 856 |
|
6 409 |
|
| Operating liabilities |
|
1 691 |
|
1 799 |
|
2 357 |
|
2 928 |
|
2 610 |
|
| Tax liabilities |
|
1 518 |
|
1 514 |
|
1 753 |
|
2 819 |
|
2 500 |
|
| Equity and Liabilities |
|
15 575 |
|
15 422 |
|
16 038 |
|
21 323 |
|
20 558 |
|
|
