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Key financial data
(consolidated)
Throughout this report:
  • operating profit (EBIT) and EBITDA do not include exceptional items;
  • net profit (before exceptional items) is defined as net profit available for profit appropriation (before exceptional items).
 
2008
2007
Key figures (x € million):
 
 
Net sales, continuing operations
9,297
8,757
Operating profit plus depreciation and amortization, continuing operations (EBITDA)
1,357
1,247
Operating profit, continuing operations (EBIT)
903
823
 
 
 
Net profit before exceptional items
608
558
Net result from exceptional items
(31)
(129)
Net profit
577
429
 
 
 
Depreciation and amortization
451
574
Cash flow (net profit plus amortization and depreciation)
1,028
1,003
Dividend
204
214
Capital expenditure (excluding acquisitions)
587
475
Acquisitions
152
93
Net debt
1,781
1,338
Shareholders' equity
4,633
5,310
Total assets
9,653
9,828
Capital employed
6,558
5,982
 
 
 
Per ordinary share in €:
 
 
Net profit before exceptional items
3.64
3.07
Net profit
3.45
2.35
Dividend
1.201
1.20
Shareholders' equity
27.12
30.42
 
 
 
Ratios (%):
 
 
EBIT / net sales
9.7
9.4
EBITDA / net sales
14.6
14.2
Operating working capital / net sales
22.6
21.4
CFROI
8.7
8.3
ROCE
14.4
13.4
Gearing (net debt / equity plus net debt)
27.5
19.9
Equity / total assets
48.6
54.8
Cash flow from operating activities / net sales
9.8
9.4
 
 
 
EBITDA / net finance costs
13.3
16.6
 
 
 
Workforce:
 
 
Year-average workforce
23,157
22,433
Workforce at 31 December
23,591
23,254
1 Subject to approval by the Annual General Meeting of Shareholders.