Profitability Ratios

2013-12

2014-12

2015-12

2016-12

Gross Margin

42.46

38.36

40.65

43.29

Operating Margin

8.44

2.27

4.09

7.68

Return on Assets %

4.2

1.51

2.17

4.58

Return on Equity %

10.46

3.76

5.73

11.94

Return on Invested Capital %

9.33

4.43

5.85

9.96

Interest Coverage

6.14

1.64

2.78

4.69

Net Profit Margin

0.048

0.00074

0.016

0.043

2013-12

2014-12

2015-12

2016-12

Current Ratio

1.35

1.34

1.26

1.34

Working Capital EUR Mil

2,998

3,179

2,625

3,602

2013-12

2014-12

2015-12

2016-12

Long-term debt to capital

0.23

0.25

0.26

0.24

Debt-to-equity ratio

0.3

0.34

0.35

0.32

Coverage ratio

6.14

1.64

2.78

4.69

Long-term debt to equity

0.3

0.34

0.35

0.32

2013-12

2014-12

2015-12

2016-12

Days Inventory

90.11

90.72

85.96

89.98

Inventory Turnover

4.05

4.02

4.25

4.06

Average Collection Period

0.29

0.29

0.25

0.25

2013-12

2014-12

2015-12

2016-12

Pay-out Ratio % *

104.6

90.6

128.1

199.8

Free Cash Flow EUR Mil

502

752

210

1,035

Dividends EUR

0.75

0.68

0.81

0.81

Earnings Per Share EUR

1.27

0.45

0.7

1.56