-
Net sales growth of 12%, operating profit up 18%
-
Net profit for the period increases by 46%
-
Significant forward momentum in core business
-
Further growth potential unlocked through outsourcing and reverse vending systems
-
Double-digit growth rates in all regions; pronounced growth in the Americas and Asia/Pacific/Africa
|
Key Figures. |
|
|
|
|
|
|
|
|
|
2005/20061) |
|
2004/20052) |
|
Change |
|
Statement of Income (€ million)3) |
|
|
|
|
|
|
|
|
1,948 |
|
1,744 |
|
12 % | |
|
Gross profit |
|
535 |
|
486 |
|
10 % |
|
Gross profit as a percentage of net sales |
|
27.5 % |
|
27.9 % |
|
– |
|
Research & development expenses |
|
–87 |
|
–78 |
|
12 % |
|
R&D expenses as a percentage of net sales |
|
4.5 % |
|
4.5 % |
|
– |
|
Selling, general and administration expenses4) |
|
–287 |
|
–271 |
|
6 % |
|
SG&A expenses as a percentage of net sales |
|
14.7 % |
|
15.5 % |
|
– |
|
|
161 |
|
137 |
|
18 % | |
|
Goodwill amortization |
|
0 |
|
0 |
|
– |
|
EBITA5) |
|
161 |
|
137 |
|
18 % |
|
EBITA as a percentage of net sales (EBITA margin) |
|
8.3 % |
|
7.9 % |
|
– |
|
Depreciation of tangible assets and amortization |
|
42 |
|
31 |
|
35 % |
|
|
203 |
|
168 |
|
21 % | |
|
EBITDA as a percentage of net sales (EBITDA margin) |
|
10.4 % |
|
9.6 % |
|
– |
|
Net profit for the period |
|
82 |
|
56 |
|
46 % |
|
Net profit for the period as a percentage of net sales |
|
4.2 % |
|
3.2 % |
|
– |
|
|
94 |
|
72 |
|
31 % | |
|
Earnings per share (€)6) |
|
5.64 |
|
4.29 |
|
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Cash flow from operating activities |
|
155 |
|
133 |
|
17 % |
|
Cash flow from investment activities |
|
–133 |
|
–55 |
|
142 % |
|
|
|
|
|
|
|
|
|
|
|
Sept. 30, 2006 |
|
Sept. 30, 2005 |
|
Change |
|
Key Balance Sheet Figures (€ million) |
|
|
|
|
|
|
|
Working Capital |
|
231 |
|
204 |
|
27 |
|
as a percentage of net sales (annualized) |
|
11.9 % |
|
11.7 % |
|
– |
|
Net debt |
|
200 |
|
176 |
|
24 |
|
Equity7) |
|
275 |
|
234 |
|
41 |
|
|
|
|
|
|
|
|
|
Human Resources |
|
|
|
|
|
|
|
|
7,787 |
|
6,937 |
|
850 |
|
|
1) October 1, 2005 – September 30, 2006 |
|
|
2) October 1, 2004 – September 30, 2005 |
|
|
3) before profit charges arising from carve-out |
|
|
4) including other income and expenses |
|
|
5) net profit on operating activities before interest, taxes and amortization of goodwill and product know-how |
|
|
6) calculated on basis of 16.542 million shares |
|
|
7) including minority interest |
