Key operating and financial data

2013201220111
In millions of Euro
Data on financial position
Net sales revenues1,212.51,406.21,516.5
Gross industrial margin357.5417.9454.3
Operating income62.696.6104.8
Profit before tax30.367.978.6
Adjusted net profit 18.142.146.3
Net profit(6.5)42.146.3
 Non-controlling interests00.00.100.0
 Group(6.5)42.046.3
Data on financial performance  
Net capital employed (NCE)867.7831.7782.1
Net debt(475.6)(391.8)(335.9)
Shareholders’ equity392.1439.9446.2
 
Balance sheet figures and financial ratios
Gross margin as a percentage of net revenues (%)29.5%29.7%30.0%
Adjusted net profit2 as a percentage of net revenues (%)1.5%3.0%3.1%
Net profit as a percentage of net revenues (%)-0.5%3.0%3.1%
ROS (Operating income/net revenues)5.2%6.9%6.9%
ROE (Net profit/shareholders' equity)-1.7%9.6%10.4%
ROI (Operating income/NCE)7.2%11.6%13.4%
EBITDA 146.8176.2199.8
EBITDA/net revenues (%)12.1%12.5%13.2%
Other information
Sales volumes (unit/000)555.6615.5653.3
Investments in property, plant and equipment and intangible assets87.6147.8126.1
Research and Development347.759.668.5
Employees at the end of the period (number)7,6888,1297,619
1_Values have been restated following the adoption of IAS 19 revised which, among others, changes the principle for recognising actuarial gains and losses relative to postemployment benefits. . 2_To make the results of the previous 3 financial years comparable, the Group determined a net profit defined as “adjusted” which excludes the effect of nonrecurrent operations. 3_The item Research and Development includes investments for the year recognised in the statement of financial position and costs recognised in profit or loss.
                

Results by operating segments

 EMEA and AMERICASINDIAASIA PACIFIC 2WTOTAL
 
Sales volumes(units/000)2013220.9233.3101.4555.6
2012278.2224.7112.6615.5
Change(57.4)8.6(11.2)(59.9)
Change %-20.6%3.8%-10.0%-9.7%
 
Turnover
(million euros)
2013699.1320.1193.4 1,212.5
2012837.3357.8211.1 1,406.2
Change(138.2)(37.7)(17.7)(193.6)
Change %-16.5%-10.5%-8.4%-13.8%
 
Staff
(no.)
As of 31/12/20134,0982,6779137,688
As of 31/12/20124,3182,8149978,129
Change(220.0)(137.0)(84.0)(441)
Change %-5.1%-4.9%-8.4%-5.4%
 
Investments
(million euros)
201362.19.915.587.6
201284.536.526.7147.8
Change(22.3)(26.6)(11.2)-60.1
Change %-26.4%-72.8%-41.9%-40.7%
 
Research and Development4
(million euros)
201335.95.66.347.7
201239.113.57.059.6
Change(3.2)(7.9)(0.7)(11.9)
Change %-8.3%-58.8%-10.0%-19.9%
4_The item Research and Development includes investments for the year recognised in the statement of financial position and costs recognised in profit or loss.
             

 

Revenues by geographic segment (figures in millions of euros)

Revenues by geographic segment

Sales volumes by geographic area (figures in thousands of units)

Revenues by geographic area

Sales volumes by geographic segment - 2013

Sales volumes by geogrphic segment