We delivered our 2015 targets: ROS 10.6 percent (2014: 6.9 percent); ROI 15.0 percent (2014: 10.0 percent); Net debt/EBITDA 0.6 (2014: 1.0)
Revenue up 4 percent, due to 6 percent favorable currency effects, partly offset by divestments and lower volumes
Operating income up 59 percent at €1,573 million, as a result of process optimization, lower costs, reduced restructuring expenses, favorable currency development and incidental items
Operating income excluding incidental items up 36 percent at €1,462 million (2014: €1,072 million)
Adjusted EPS up 43 percent at €4.02 (2014: €2.81)
Net income attributable to shareholders €979 million (2014: €546 million)
Total dividend proposed for 2015 up 7 percent to €1.55 (2014: €1.45)
Net cash inflow from operating activities up 40 percent at €1,136 million (2014: €811 million)
Number one ranking on the Dow Jones Sustainability Index (DJSI), in the Materials industry group, for the fourth consecutive year
For Q4:
Revenue up 1 percent, with 3 percent favorable currency effects offset by the impact of divestments and adverse price/mix. Volumes were flat
Operating income at €345 million (2014: €83 million) reflecting the impact of incidental items, process optimization, lower costs and reduced restructuring expenses
Adjusted EPS €0.72 (2014: €0.33)
Outlook:
We expect 2016 to be a challenging year. Difficult market conditions continue in Brazil, China and Russia. No significant improvement is anticipated in Europe, particularly in the Buildings and Infrastructure segment. Deflationary pressures continue and currency tailwinds are moderating
