Financial information and publications
Group's key performance indicators
| Group | Continuing operations | |||||
| IFRS 16 applied | ||||||
| 2015 | 2016 | 2017 | 2018 | 2019 | ||
| Income statement | ||||||
| Net sales | € million | 8 678,9 | 10 180,4 | 10 491,8 | 10 382,8 | 10 720,3 |
| Change in net sales | % | -4,3 | 17,3 | 3,1 | -1,0 | 3,3 |
| Operating profit, comparable | € million | 244,5 | 272,9 | 296,2 | 428,5 | 461,6 |
| Operating profit as percentage of net sales, comparable | % | 2,8 | 2,7 | 2,8 | 4,1 | 4,3 |
| Operating profit | € million | 194,6 | 146,8 | 338,6 | 404,3 | 447,8 |
| Operating profit as percentage of net sales | % | 2,2 | 1,4 | 3,2 | 3,9 | 4,2 |
| Profit for the year (incl. non-controlling interests) | € million | 117,4 | 113,8 | 284,5 | 232,4 | 333,6 |
| Profit for the year as percentage of net sales | % | 1,4 | 1,1 | 2,7 | 2,2 | 3,1 |
| Profitability | ||||||
| Return on equity, group | % | 5,2 | 5,2 | 12,3 | 8,7 | 16,6 |
| Return on equity, comparable, group | % | 8,2 | 9,8 | 10,9 | 12,5 | 15,1 |
| Return on capital employed | % | 9,3 | 6,4 | 15,2 | 9,2 | 9,3 |
| Return on capital employed, comparable | % | 11,7 | 11,9 | 13,3 | 9,8 | 9,6 |
| Funding and financial position | ||||||
| Interest-bearing net debt, group | € million | -448,1 | 123,3 | 135,9 | 2 450,7 | 2 868,4 |
| Interest-bearing net debt excluding lease liabilities | € million | -448,1 | 123,3 | 135,9 | 161,6 | 446,1 |
| Gearing, group | % | -20,0 | 5,8 | 6,1 | 121,3 | 134,0 |
| Equity ratio, group | % | 54,7 | 48,6 | 50,4 | 31,9 | 31,2 |
| Interest-bearing net debt/EBITDA, group | -1,4 | 0,4 | 0,3 | 0,4 | 0,9 | |
| Other performance indicators | ||||||
| Capital expenditure | € million | 219,0 | 743,1 | 333,5 | 417,6 | 686,1 |
| Capital expenditure as percentage of net sales | % | 2,5 | 7,3 | 3,2 | 4,0 | 6,4 |
| Cash flow from operating activities | € million | 276,4 | 170,2 | 291,8 | 748,4 | 893,1 |
| Cash flow from investing activities | € million | 217,1 | -501,1 | -71,5 | -373,3 | -620,3 |
| Cash flow from operating activities, discontinued operations | € million | - | - | 9,9 | -23,3 | 3,5 |
| Cash flow from investing activities, discontinued operations | € million | - | - | -16,8 | 164,3 | 3,5 |
| Personnel, average for the period, group total | 18 956 | 22 475 | 22 077 | 19 995 | 20 852 | |
| Personnel, as at 31 Dec., group total | 21 935 | 27 656 | 24 984 | 23 458 | 25 168 | |
