Key figures1
Results
Iri millions of EUR 2007 2006 Change in
Revenue
12,564
11,829
6.2
EBIT2
1,528
1,832
(16.6)
EBIT (beia)2
1,846
1,569
17.6
Net profit
807
1,211
(33.4)
Net profit (beia)2
1,119
930
20.4
EBITDA2
2,292
2,618
(12.5)
EBITDA (beia)2
2,568
2,346
9.5
Net debt
1,926
1,914
0.6
Dividend (proposed)
343
294
16.7
Free operating cash flow2
745
1,122
(33.6)
Balance sheet
In millions of EUR
Total assets
12,968
12,997
(0.2)
Equity attributable to equity holders of the Company
5,404
5,009
7.9
Net debt position
1,926
1,914
0.6
Market capitalisation
21,639
17,654
22.6
Results and balance sheet per share of €1.60
Weighted average number of shares - basic 489,353,315
489,712,594
Net profit
1.65
2.47
(33.2)
Net profit (beia)
2.29
1.90
20.4
Dividend (proposed)
0.70
0.60
16.7
Free operating cash flow
1.52
2.29
(33.6)
Equity attributable to equity holders of the Company
11.04
10.23
7.9
Share price as at 31 December
44.22
36.03
22.7
Employees
In numbers
Average number of employees pro rata
54,004
».2)
Ratios
EBIT as of revenue
12.2%
15.5%
(21.3)
EBIT as of total assets
11.8%
14.1%
(16.3)
Net profit as of average shareholders' equity
15.5%
27.5%
(43.6)
Net debt/EBITDA (beia)
0.75
0.82
(8.5)
Dividend payout
30.7%
31.6%
74.5
Cash conversion rate
57.9%
105.6%
(45.2)
EBITDA/Net interest expenses
22.7
1 Please refer to the 'Glossary' for definitions.
2 'EBIT, EBIT (beia), net profit (beia), EBITDA, EBITDA (beia) and free operating cash flow' are not financial measures calculated
in accordance with IFRS. Accordingly, it should not be considered as an alternative to 'results from operating activities' or
'profit' as indicators of our performance, or as an alternative to 'cash flow from operating activities' as a measure of our
liquidity. However, we believe that 'EBIT, EBIT (beia), net profit (beia), EBITDA, EBITDA (beia) and free operating cash flow' are
measures commonly used by investors and as such useful for disclosure. The presentation on these financial measures may
not be comparable to similarly titled measures reported by other companies due to differences in the ways the measures are
calculated. For a reconciliation of 'results from operating activities', 'profit' and 'cash flow from operating activities' to 'EBIT, EBIT
(beia), net profit (beia), EBITDA, EBITDA (beia) and free operating cash flow' we refer to the financial review on pages 47 to 51.