2nd quarter 2008/20091

2nd quarter 2007/20082

Change

6 months 2008/20093

6 months 2007/20084

Change

Financial Statement (€ million)5

 

 

 

 

 

 

1)

January 1, 2009–March 31, 2009.

2)

January 1, 2008–March 31, 2008.

3)

October 1, 2008–March 31, 2009.

4)

October 1, 2007–March 31, 2008.

5)

before profit charges arising from carve-out.

6)

including other operating income and expenses.

7)

net profit on operating activities before interest, taxes and amortization of goodwill and product know-how.

8)

including minority interest.

Net Sales

588

581

1%

1,234

1,183

4%

of which Banking

410

413

–1%

866

818

6%

of which Retail

178

168

6%

368

365

1%

Gross profit

152

161

–6%

317

320

–1%

Gross profit as a percentage of net sales

25.9%

27.7%

–

25.7%

27.0%

–

Research & development expenses

–26

–25

4%

–50

–48

4%

R&D expenses as a percentage of net sales

4.4%

4.3%

–

4.1%

4.1%

–

Selling, general and administration expenses6

–79

–87

–9%

–164

–171

–4%

SG&A expenses as a percentage of net sales

13.4%

15.0%

–

13.3%

14.5%

–

Operating profit (EBITA)7

47

49

–4%

103

101

2%

EBITA as a percentage of net sales (EBITA margin)

8.0%

8.4%

–

8.3%

8.5%

–

of which Banking

38

40

–5%

84

81

4%

as a percentage of net sales banking

9.3%

9.7%

–

9.7%

9.9%

–

of which Retail

9

9

0%

19

20

–5%

as a percentage of net sales retail

5.1%

5.4%

–

5.2%

5.5%

–

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

13

12

8%

26

22

18%

EBITDA

60

61

–2%

129

123

5%

EBITDA as a percentage of net sales (EBITDA margin)

10.2%

10.5%

–

10.5%

10.4%

–

Profit for the period

29

29

0%

64

61

5%

Profit for the period as a percentage of net sales

4.9%

5.0%

–

5.2%

5.2%

–

Profit for the period (before carve out)

31

32

–3%

68

66

3%

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

5.3%

5.5%

–

5.5%

5.6%

–

 

 

 

 

 

 

 

Cash flow (€ million)

 

 

 

 

 

 

Cash flow from operating activities

 

 

 

140

142

–1%

 

 

 

 

March 31, 2009

September 30, 2008

Change

Key Balance Sheet Figures (€ million)

 

 

 

 

 

 

Working Capital

 

 

 

164

253

–89

as a percentage of net sales (annualized)

 

 

 

6.6%

10.9%

–

Net debt

 

 

 

153

194

–41

Equity8

 

 

 

275

276

–1

 

 

 

 

 

 

 

Human Resources

 

 

 

 

 

 

Number of Employees

 

 

 

9,364

9,460

–96