Financial information and publications
Group's key performance indicators
| Group | Continuing operations | |||||
| 2014 | 2015 | 2016 | 2017 | 2018 | ||
| Income statement | ||||||
| Net sales | € million | 9 071 | 8 679 | 10 180 | 10 492 | 10 383 |
| Change in net sales | % | -2,6 | -4,3 | 17,3 | 3,1 | -1,0 |
| Operating profit, comparable | € million | 232,6 | 244,5 | 272,9 | 296,2 | 332,2 |
| Operating profit as percentage of net sales, comparable | % | 2,6 | 2,8 | 2,7 | 2,8 | 3,2 |
| Operating profit | € million | 151,4 | 194,6 | 146,8 | 338,6 | 307,9 |
| Operating profit as percentage of net sales | % | 1,7 | 2,2 | 1,4 | 3,2 | 3,0 |
| Profit for the year (incl. non-controlling interests) | € million | 108 | 117 | 114 | 284 | 235 |
| Profit for the year as percentage of net sales | % | 1,2 | 1,4 | 1,1 | 2,7 | 2,3 |
| Profitability | ||||||
| Return on equity, group | % | 4,7 | 5,2 | 5,2 | 12,3 | 8,1 |
| Return on equity, comparable, group | % | 7,6 | 8,2 | 9,8 | 10,9 | 11,7 |
| Return on capital employed | % | 6,4 | 9,3 | 6,4 | 15,2 | 12,9 |
| Return on capital employed, comparable | % | 9,9 | 11,7 | 11,9 | 13,3 | 14,0 |
| Funding and financial position | ||||||
| Interest-bearing net debt, group | € million | -99,2 | -448,1 | 123,3 | 135,9 | 161,6 |
| Gearing, group | % | -4,4 | -20,0 | 5,8 | 6,1 | 7,4 |
| Equity ratio, group | % | 54,5 | 54,7 | 48,6 | 50,4 | 51,4 |
| Interest-bearing net debt/EBITDA, group | -0,3 | -1,4 | 0,4 | 0,3 | 0,4 | |
| Other performance indicators | ||||||
| Capital expenditure | € million | 194 | 219 | 743 | 334 | 418 |
| Capital expenditure as percentage of net sales | % | 2,1 | 2,5 | 7,3 | 3,2 | 4,0 |
| Cash flow from operating activities | € million | 304 | 276 | 170 | 292 | 437 |
| Cash flow from investing activities | € million | -182 | 217 | -501 | -72 | -373 |
| Cash flow from operating activities, discontinued operations | € million | - | - | - | 10 | -23 |
| Cash flow from investing activities, discontinued operations | € million | - | - | - | -17 | 164 |
| Personnel, average for the period, group total | 19 976 | 18 956 | 22 475 | 22 077 | 19 995 | |
| Personnel, as at 31 Dec., group total | 23 794 | 21 935 | 27 657 | 24 983 | 23 458 | |
