Key Financial Figures

€m	2014	2015	2016	2017	2018
Order intake	956.9	1,182.7	1,149.7	1,266.3	1,222.0
Revenue	1,100.1	1,025.1	1,167.1	1,217.6	1,226.0
Order backlog at 31.12.	417.3	574.9	557.5	606.2	610.9
Exports in %	84	85	86	89	86
Earnings before interest and taxes (EBIT)	13.3	35.9	87.1	81.4	87.4
Earnings before taxes (EBT)	5.5	29.7	81.0	78.5	83.9
Net profit/loss	0.3	26.9	82.2	81.1	64.0
Earnings per share in €	0.03	1.62	4.98	4.91	3.86
Balance sheet total	1,014.7	976.9	1,085.5	1,163.9	1,178.3
Equity	227.2	258.4	337.8	424.0	453.4
Investment in intangible assets, property, plant and equipment	21.7	28.4	31.9	50.1	50.5
Depreciation on intangible assets, property, plant and equipment	30.5	29.1	27.7	31.0	28.0
Cash flows from operating activities	43.2	-15.3	21.9	23.8	66.3
Dividend paid per share in €	-	-	0.50	0.90	1.00
Personnel: annual average	6,058	5,286	5,287	5,450	5,644
of which apprentices (annual average)	386	350	325	319	297

€m	2017	2018
Revenue	1,217.6	1,226.0
Cost of sales	-852.1	-870.4
Gross profit	356.5	355.6
Research and development costs	-48.4	-44.3
Distribution costs	-140.9	-138.8
Administrative expenses	-90.1	-94.2
Other income and expenses	-4.7	9.1
Earnings before interest and taxes (EBIT)	81.4	87.4
Interest result	-2.9	-3.5
Earnings before taxes (EBT)	78.5	83.9
Income tax expense	2.6	-19.9
Net profit	81.1	64.0
Earnings per share (in €)	4.91	3.86

€m	31.12.2017	31.12.20185
Assets
Non-current assets
Intangible assets	45.7	84.1
Property, plant and equipment	210.6	208.9
Investments, other financial receivables and other assets	52.1	27.3
Deferred tax assets	80.7	79.5
Current assets
Inventories	254.9	265.7
Trade receivables	308.3	156.0
Other financial receivables and assets	42.9	191.9
Current tax assets	4.7	6.6
Securities	21.6	16.3
Cash and cash equivalents	142.4	142.0
Balance Sheet Total	1,163.9	1,178.3
Equity and liabilities
Equity
Share capital	43.0	43.0
Share premium	87.5	87.5
Reserves	293.5	322.0
Equity attributable to non-controlling interests	-	0.9
Liabilities
Non-current liabilities
Pension provisions	198.4	152.6
Other provisions	27.1	20.9
Bank loans and other financial payables	8.6	6.4
Other liabilities	1.2	0.9
Deferred tax liabilities	26.2	33.9
Current liabilities
Other provisions	144.6	138.0
Trade payables	72.1	82.5
Bank loans and other financial payables	100.9	142.2
Other liabilities	150.6	135.6
Current tax liabilities	10.2	11.9
Balance Sheet Total	1,163.9	1,178.3

€m	2017	2018
Earnings before taxes	78.5	83.9
Appreciation/depreciation on intangible assets, property, plant and equipment	31.0	24.9
Changes in provisions	-30.9	-13.5
Changes in inventories and other assets	-74.2	8.7
Changes in payables and other liabilities	19.2	-26.8
Other activities	0.2	-10.9
Cash flows from operating activities	23.8	66.3
Proceeds from disposal of intangible assets, property, plant and equipment	3.6	10.0
Payments for investment in intangible assets, property, plant and equipment	-48.5	-49.9
Proceeds from disposal of investments	-0.1	-
Payments for investments	-36.9	-40.2
Payments for the acquisition of shares in consolidated companies	-1.6	-6.0
Dividends received	0.1	0.3
Cash flows from investing activities	-83.4	-85.8
Free cash flow	-59.6	-19.5
Proceeds from loans	10.2	65.4
Repayment of loans	-1.0	-34.0
Other changes	-0.5	-0.6
Other Changes in equity	0.5	0.1
Dividends paid	-8.3	-14.9
Cash flows from financing activities	0.9	16.0
Change in funds	-58.7	-3.5
Effect of changes in exchange rates	-0.9	3.1
Funds at beginning of period	202.0	142.4
Funds at end of period	142.4	142.0