Key operating and financial data

2012 20111 20101
In millions of euro  
Data on financial position
Net sales revenues 1,406.2 1,516.5 1,485.4
Gross industrial margin 417.9 454.3 462.3
Operating income 96.6 104.8 111.0
Profit before tax 67.9 78.6 83.7
Net profit 42.1 46.3 42.8
. Non-controlling interests 0.1 0.0 0.0
. Group 42.0 46.3 42.7
Data on financial performance    
Net capital employed (NCE) 831.7 782.1 792.8
Consolidated net debt (391.8) (335.9) (349.9)
Shareholders’ equity 439.9 446.2 442.9
 
Balance sheet figures and financial ratios
Gross margin as a percentage of net revenues (%) 29.7% 30.0% 31.1%
Net profit as a percentage of net revenues (%) 3.0% 3.1% 2.9%
ROS (Operating income/net revenues) 6.9% 6.9% 7.5%
ROE (Net income/shareholders' equity) 9.6% 10.4% 9.7%
ROI (Operating income/NCE) 11.6% 13.4% 14.0%
EBITDA 176.2 199.8 197.0
EBITDA/net revenues (%) 12.5% 13.2% 13.3%
 
Other information
Sales volumes (unit/000) 615.5 653.3 628.4
Investments in property, plant and equipment and intangible assets 147.8 126.1 96.2
Research and Development2 59.6 68.5 62.9
Employees at the end of the period (number) 8,129 7,619 7,529
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 post-employment benefits. For further details, see section 2.2 Accounting standards, amendments and interpretations applied as from 1 January 2012 in the “Notes”. 2_ The item Research and Development includes investments recognised in the statement of financial position and costs recognised in profit and loss
           

Results by operating segments
  EMEA and
Americas
India Asia
Pacific 2W
Total
 
2012 278.2 224.7 112.6 615.5
Sales volumes
(units/000)
2011 323.5 225.0 104.8 653.3
Change (45.3) (0.3) 7.8 -37.7
Change % -14.0% -0.1% 7.5% -5.8%
 
2012 837.3 357.8 211.1 1,406.2
Turnover
(million Euro)
2011 933.9 395.0 187.5 1,516.5
Change (96.6) (37.3) 23.6 -110.3
Change % -10.3% -9.4% 12.6% -7.3%
 
As of 31.12.2012 4,318 2,814 997 8,129
Staff
(no.)
As of 31.12.2011 4,356 2,331 932 7,619
Change (38.0) 483.0 65.0 510
Change % -0.9% 20.7% 7.0% 6.7%
 
2012 84.5 36.5 26.7 147.8
Investments
(million Euro)
2011 67.9 42.7 15.5 126.1
Change 16.6 (6.2) 11.2 21.7
Change % 24.4% -14.5% 72.5% 17.2%
 
2012 39.1 13.5 7.0 59.6
Research and Development3
(million Euro)
2011 42.0 22.9 3.6 68.5
Change (2.9) (9.4) 3.4 -8.9
Change % -6.9% -41.1% 93.2% -13.0%
3_ The item Research and Development includes investments recognised in the statement of financial position and costs recognised in profit and loss.

Revenues by geographic segment

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Sales volumes by geographic segment

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Sales volumes by geographic segment – 2012

 Sales volumes by geographic segment - 2012

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