Financial highlights
Volume and price/mix development was positive in all three Business Areas. Revenue was down 2 percent, mainly due to divestments and 5 percent adverse currency effects. Operating income at €216 million (2013: €217 million) reflects adverse currencies and €15 million higher restructuring costs. Excluding restructuring costs, ROS% was 7.7 percent (2013: 7.1 percent). Cash outflow from operating activities was €552 million (2013: €406 million). As a consequence of de-risking our pension liabilities in the UK, other comprehensive income in shareholders' equity was adversely affected by €0.8 billion.
Summary of financial outcomes
|
1st quarter |
|
|
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|
in € millions |
2013 |
2014 |
∆% |
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|
|||||||||
|
Revenue |
3,465 |
3,383 |
(2) |
||||||
|
Operating income |
217 |
216 |
– |
||||||
|
ROS% |
6.3 |
6.4 |
|
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|
|
|
|
|
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|
Average invested capital |
11,325 |
9,820 |
|
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|
Moving average ROI (in %)* |
7.8 |
9.7 |
|
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|
|
|
|
|
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|
EBITDA |
375 |
364 |
(3) |
||||||
|
Capital expenditures |
131 |
115 |
|
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|
Net cash from operating activities |
(406) |
(552) |
|
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|
Net debt |
2,888 |
2,186 |
|
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|
|
|
|
|
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|
Net income from continuing operations |
96 |
126 |
31 |
||||||
|
Net income from discontinued operations |
(7) |
3 |
|
||||||
|
Net income attributable to shareholders |
89 |
129 |
45 |
||||||
|
Earnings per share from total operations (in €) |
0.37 |
0.53 |
|
||||||
|
Adjusted earnings per share (in €) |
0.51 |
0.61 |
|
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|
Number of employees |
50,320 |
48,520 |
|
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