Financial Statement (€ million)³

Net sales

646

602

7%

of which Banking

456

406

12%

of which Retail

190

196

–3%

Gross profit

166

160

4%

Gross profit as a percentage of net sales

25.7%

26.6%

–

Research & development expenses

–24

–23

4%

R&D expenses as a percentage
of net sales

3.7%

3.8%

–

Selling, general and administration expenses⁴

–86

–85

1%

SG&A expenses as a percentage
of net sales

13.3%

14.1%

–

Operating profit (EBITA)⁵

56

52

8%

EBITA as a percentage of net sales
(EBITA margin)

8.7%

8.6%

–

of which Banking

46

41

12%

as a percentage of net sales Banking

10.1%

10.1%

–

of which Retail

10

11

–9%

as a percentage of net sales Retail

5.3%

5.6%

–

Amortization/depreciation of property, plant and equipment and licenses and write-down of reworkable service parts

13

10

30%

EBITDA

69

62

11%

EBITDA as a percentage of net sales (EBITDA margin)

10.7%

10.3%

–

Profit for the period

35

32

9%

Profit for the period as a percentage
of net sales

5.4%

5.3%

–

Profit for the period (before carve-out)

37

34

9%

Profit for the period (before carve-out) as a percentage of net sales

5.7%

5.6%

–

Cash flow (€ million)

Cash flow from operating activities

73

72

1%

Dec. 31, 2008

Sept. 30, 2008

Change

Key Balance Sheet Figures (€ million)

Working Capital

221

253

–32

as a percentage of net sales (annualized)

8.6%

10.9%

–

Net debt

141

194

–53

Equity⁶

312

276

36

Human Resources

Number of employees

9,590

9,460

130