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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
Sales
Sales by market (2018)
As a % of sales
*at end Dec 2018 – Before application of IFRS 15
Net OE sales by geographic area
As a % of original equipment sales
History of dividends
| in euros | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Earning per share | 3.72 | 3.91 | 3.11 | 2.41 | 1.90 | 1.68 |
| Dividend | 1.25 | 1.25 | 1.00 | 0.73 | 0.57 | 0.50 |
