Financial key figures

2018 Key Figures

	2017	2018	CHANGE
Order intake (in €bn)	27.6	24.2	-12%
Sales (in €m) Of which OE sales (in €m)	18,484 15,695	19,124 16,146	+4% +3%
R&D expenditures (in €m) As a % of sales	(1,494) (8.1)%	(1,560) (8.2)%	+4% -0.1pts
SG&A (in €m) As a % of sales	(890) (4.8)%	(911) (4.8)%	+2% 0pts
Operating margin* (in €m) As a % of sales	1,448 7.8%	1,203 6.3%	-17% -1.5pts
JV & Associates (in €m) As a % of sales	20 0.1%	(111) (0.6)%	na -0.7pts
Operating margin** (in €m) As a % of sales	1,468 7.9%	1,092 5.7%	-26% -2.2pts
Net income (in €m) As a % of sales	877 4.7%	546 2.9%	-38% -1.8pts
Basic earnings per share (€)	3.7	2.3	-38%
Basic earnings per share (excluding non-recurring items) (€)	4.3	2.5	-42%
ROCE	29%	19%	-10pts
ROA	19%	12%	-7pts
EBITDA As a % of sales	2,431 13.2%	2,410 12.6%	-1% -0.6pts
Free cash flow (in €m)	278	161	-42%
Net debt (in €m)	1,842	2,248	+22%
Dividend (€)	1.25	1.25***	=

*excl. JVs & Associates
**incl. JVs & Associates
***2018 dividend of €1.25/share to be proposed at the next Shareholders’ Meeting