Financial highlights
Revenue for Q3 was down 2 percent, with volume up 1 percent, offset by adverse currency and price/mix effects and divestments. Operating income of €335 million reflects the benefits from improvement actions and includes lower restructuring charges. Return on sales (ROS) improved from 8.0 percent to 9.1 percent. Excluding restructuring costs of €55 million, ROS was 10.6 percent (2013: 10.0 percent). Cash from operating activities was €489 million (2013: €552 million).
Summary of financial outcomes
|
3rd quarter |
|
|
January - September |
|||||||||||
|
2013 |
2014 |
Δ% |
in € millions |
2013 |
2014 |
Δ% |
||||||||
|
||||||||||||||
|
3,778 |
3,686 |
(2) |
Revenue |
11,108 |
10,779 |
(3) |
||||||||
|
303 |
335 |
11 |
Operating income |
842 |
904 |
7 |
||||||||
|
8.0 |
9.1 |
|
ROS% |
7.6 |
8.4 |
|
||||||||
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
Average invested capital |
10,164 |
9,752 |
|
||||||||
|
|
|
|
Moving average ROI (in %)* |
8.6 |
10.5 |
|
||||||||
|
|
|
|
|
|
|
|
||||||||
|
456 |
487 |
7 |
EBITDA |
1,305 |
1,360 |
4 |
||||||||
|
133 |
137 |
|
Capital expenditures |
432 |
402 |
|
||||||||
|
552 |
489 |
|
Net cash from operating activities |
407 |
330 |
|
||||||||
|
|
|
|
Net debt |
1,817 |
1,801 |
|
||||||||
|
|
|
|
|
|
|
|
||||||||
|
154 |
203 |
32 |
Net income from continuing operations |
558 |
535 |
(4) |
||||||||
|
1 |
2 |
|
Net income from discontinued operations |
115 |
4 |
|
||||||||
|
155 |
205 |
32 |
Net income attributable to shareholders |
673 |
539 |
(20) |
||||||||
|
0.64 |
0.84 |
|
Earnings per share from total operations (in €) |
2.79 |
2.21 |
|
||||||||
|
0.74 |
0.92 |
|
Adjusted earnings per share (in €) |
2.63 |
2.48 |
|
||||||||
|
|
|
|
Number of employees |
50,420 |
48,010 |
|
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