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2nd quarter |
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2nd quarter |
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Change |
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6 months |
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6 months |
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Change |
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Statement of Income (€ millions) 5) |
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Net Sales |
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537 |
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455 |
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18 % |
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1,085 |
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943 |
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15 % |
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of which Banking |
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350 |
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277 |
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26 % |
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698 |
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568 |
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23 % |
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of which Retail |
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187 |
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178 |
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5 % |
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387 |
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375 |
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3 % |
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Gross profit |
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151 |
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133 |
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14 % |
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298 |
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267 |
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12 % |
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Gross profit as a percentage of net sales |
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28.1 % |
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29.2 % |
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- |
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27.5 % |
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28.3 % |
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- |
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Research & development expenses |
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–24 |
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–21 |
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14 % |
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–46 |
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–41 |
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12 % |
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R&D expenses as a percentage of net sales |
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4.5 % |
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4.6 % |
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- |
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4.2 % |
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4.3 % |
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- |
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Selling, general and administration expenses 6) |
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–83 |
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–75 |
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11 % |
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–162 |
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–151 |
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7 % |
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SG&A expenses as a percentage of net sales |
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15.5 % |
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16.5 % |
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- |
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14.9 % |
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16.0 % |
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- |
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Operating profit (EBITA) 7) |
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44 |
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37 |
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19 % |
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90 |
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75 |
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20 % |
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EBITA as a percentage of net sales (EBITA margin) |
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8.2 % |
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8.1 % |
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- |
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8.3 % |
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8.0 % |
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- |
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of which Banking |
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34 |
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28 |
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21 % |
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69 |
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56 |
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23 % |
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as a percentage of net sales Banking |
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9.7 % |
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10.1 % |
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- |
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9.9 % |
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9.9 % |
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- |
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of which Retail |
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10 |
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9 |
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11 % |
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21 |
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19 |
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11 % |
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as a percentage of net sales Retail |
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5.3 % |
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5.1 % |
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- |
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5.4 % |
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5.1 % |
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- |
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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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9 |
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22 % |
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22 |
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17 |
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29 % |
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EBITDA |
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55 |
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46 |
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20 % |
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112 |
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92 |
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22 % |
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EBITDA as a percentage of net sales (EBITDA margin) |
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10.2 % |
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10.1 % |
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- |
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10.3 % |
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9.8 % |
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- |
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Profit for the period |
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24 |
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18 |
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33 % |
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49 |
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36 |
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36 % |
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Profit for the period as a percentage of net sales |
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4.5 % |
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4.0 % |
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- |
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4.5 % |
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3.8 % |
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- |
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Profit for the period (before carve-out) |
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26 |
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21 |
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24 % |
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54 |
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43 |
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26 % |
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Profit for the period (before carve-out) as a percentage of net sales |
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4.8 % |
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4.6 % |
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- |
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5.0 % |
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4.6 % |
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- |
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Cash flow (€ millions) |
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Cash flow from operating activities |
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131 |
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108 |
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21 % |
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Key Balance Sheet Figures (€ millions) |
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March 31, |
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Sept. 30, |
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Change | ||
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Working Capital 8) |
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167 |
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215 |
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–48 |
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as a percentage of net sales (annualized) |
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7.7 % |
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11.0 % |
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- | ||
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Net debt |
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166 |
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200 |
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–34 |
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Equity 9) |
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255 |
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275 |
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–20 |
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Human Resources |
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Number of Employees |
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8,116 |
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7,787 |
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329 |
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1) January 1, 2007 - March 31, 2007 |
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2) January 1, 2006 - March 31, 2006 |
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3) October 1, 2006 - March 31, 2007 |
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4) October 1, 2005 - March 31, 2006 |
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5) before profit charges arising from carve-out |
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6) including other income and expenses |
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7) net profit on operating activities before interest, taxes and amortization of goodwill and product know-how |
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8) without reworkable service parts |
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9) including minority interest |