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1st quarter |
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1st quarter |
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Change |
Statement of Income (€ millions) 3) |
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Net sales |
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549 |
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488 |
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13 % |
of which Banking |
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349 |
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290 |
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20 % |
of which Retail |
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200 |
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198 |
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1 % |
Gross profit |
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147 |
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134 |
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10 % |
Gross profit as a percentage of net sales |
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26.8 % |
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27.5 % |
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- |
Research & development expenses |
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-22 |
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-19 |
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16 % |
R&D expenses as a percentage of net sales |
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4.0 % |
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3.9 % |
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- |
Selling, general and administration expenses 4) |
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-79 |
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-76 |
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4 % |
SG&A expenses as a percentage of net sales |
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14.4 % |
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15.6 % |
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- |
EBITA 5) |
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46 |
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39 |
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18 % |
EBITA as a percentage of net sales (EBITA margin) |
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8.4 % |
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8.0 % |
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- |
of which Banking |
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35 |
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29 |
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21 % |
as a percentage of net sales Banking |
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10.0 % |
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10.0 % |
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- |
of which Retail |
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11 |
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10 |
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10 % |
as a percentage of net sales Retail |
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5.5 % |
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5.1 % |
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- |
Amortization/depreciation of property, plant and equipment and licenses and write-down of reworkable service parts |
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11 |
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8 |
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38 % |
EBITDA |
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57 |
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47 |
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21 % |
EBITDA as a percentage of net sales (EBITDA margin) |
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10.4 % |
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9.6 % |
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- |
Profit for the period |
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26 |
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18 |
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44 % |
Profit for the period as a percentage of net sales |
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4.7 % |
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3.7 % |
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- |
Profit for the period (before carve-out) |
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28 |
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21 |
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33 % |
Profit for the period (before carve-out) as a percentage of net sales |
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5.1 % |
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4.3 % |
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- |
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Cash flow (€ millions) |
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Cash flow from operating activities |
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66 |
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63 |
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5 % |
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Key Balance Sheet Figures (€ millions) |
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Dec. 31, 2006 |
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Sept. 30, 2006 |
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Change |
Working capital |
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206 |
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215 |
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-9 |
as a percentage of net sales (annualized) |
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9.4 % |
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11.0 % |
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- |
Net debt |
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156 |
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200 |
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-44 |
Equity 6) |
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294 |
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275 |
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19 |
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Human Resources |
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Number of employees |
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7,944 |
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7,787 |
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157 |
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1) October 1, 2006 – December 31, 2006 |
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2) October 1, 2005 – December 31, 2005 |
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3) before profit charges arising from carve-out |
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4) including other income and expenses |
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5) net profit on operating activities before interest, taxes and amortization of goodwill and product know-how |
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6) including minority interest |