| Income statement |
|
|
| € million |
Q2/08 |
Q2/07 |
H1/08 |
H1/07 |
| Revenues |
1,184.5 |
778.6 |
2,397.5 |
1,723.3 |
| Cost of sales |
635.4 |
533.1 |
1,346.9 |
1,157.7 |
| Gross profit |
549.1 |
245.5 |
1,050.6 |
565.6 |
| Gross margin in % |
46.4 |
31.5 |
43.8 |
32.8 |
| Selling expenses |
194.5 |
181.8 |
410.5 |
385.5 |
| General and administrative expenses |
28.0 |
25.4 |
51.1 |
45.5 |
| Research and development costs |
4.3 |
3.5 |
8.6 |
7.5 |
| Other operating income/expenses |
3.7 |
34.4 |
(28.3) |
45.2 |
| Income from investments, net |
0.4 |
0.2 |
0.6 |
0.4 |
| Operating earnings (EBIT I) |
326.4 |
69.4 |
552.7 |
172.7 |
| Operating EBIT margin in % |
27.6 |
8.9 |
23.1 |
10.0 |
| Market value changes from hedging transactions |
(6.8) |
9.0 |
(114.5) |
12.0 |
Earnings after market value changes
(EBIT II) |
319.6 |
78.4 |
438.2 |
184.7 |
| Interest income, net |
(13.6) |
(5.9) |
(25.7) |
(15.0) |
| Other financial result |
1.7 |
(0.4) |
11.5 |
(1.1) |
| Financial result |
(11.9) |
(6.3) |
(14.2) |
(16.1) |
| Earnings before income taxes |
307.7 |
72.1 |
424.0 |
168.6 |
| Earnings before income taxes, adjusted 1) |
314.5 |
63.1 |
538.5 |
156.6 |
| Taxes on income |
81.4 |
24.2 |
112.9 |
56.1 |
| - of which deferred taxes |
27.2 |
6.5 |
40.1 |
11.1 |
| Earnings after taxes |
226.3 |
47.9 |
311.1 |
112.5 |
| Minority interests in earnings |
0.1 |
– |
0.1 |
0.1 |
| Group earnings after taxes and minority interests |
226.2 |
47.9 |
311.0 |
112.4 |
| Elimination of market value changes after taxes |
4.9 |
(5.7) |
82.7 |
(7.6) |
| Group earnings after taxes, adjusted 1) |
231.1 |
42.2 |
393.7 |
104.8 |
| |
|
|
|
|
| Earnings per share in € (undiluted ^ = diluted) 2) |
1.37 |
0.29 |
1.89 |
0.68 |
| Earnings per share in €, adjusted 1), 2) |
1.40 |
0.26 |
2.39 |
0.64 |
| Average number of shares (million) 2) |
164.95 |
164.92 |
164.89 |
164.88 |
| |
|
|
|
|
| Statement of changes in equity |
Subscribed
capital |
Additional
paid-in
capital |
Profit
retained/
revenue
reserves |
Differences
from foreign
currency
translation |
Revaluation
reserve |
Minority
interests |
Equity |
€ million |
| Balance as of 1 January 2008 |
108.8 |
7.6 |
829.8 |
(35.4) |
20.2 |
0.8 |
931.8 |
| Consolidation-related effects |
– |
– |
0.6 |
– |
– |
– |
0.6 |
| Other neutral changes |
– |
– |
(2.0) |
(25.7) |
(20.3) |
– |
(48.0) |
| Total |
– |
– |
(1.4) |
(25.7) |
(20.3) |
– |
(47.4) |
| Capital increase out of retained earnings |
56.2 |
– |
(56.2) |
– |
– |
– |
– |
| Dividend for the previous year |
– |
– |
(82.5) |
– |
– |
– |
(82.5) |
| Subscription of employee shares |
– |
(3.5) |
– |
– |
– |
– |
(3.5) |
| Earnings after taxes for the period |
– |
– |
311.0 |
– |
– |
0.1 |
311.1 |
| Balance as of 30 June 2008 |
165.0 |
4.1 |
1,000.7 |
(61.1) |
(0.1) |
0.9 |
1,109.5 |
| Balance as of 1 January 2007 |
108.8 |
7.9 |
997.5 |
(15.7) |
25.3 |
0.6 |
1,124.4 |
| Market valuation of securities |
– |
– |
– |
– |
2.7 |
– |
2.7 |
| Other neutral changes |
– |
– |
(0.3) |
(7.4) |
0.2 |
– |
(7.5) |
| Total |
– |
– |
(0.3) |
(7.4) |
2.9 |
– |
(4.8) |
| Dividend for the previous year |
– |
– |
(82.5) |
– |
– |
– |
(82.5) |
| Subscription of employee shares |
– |
(2.7) |
– |
– |
– |
– |
(2.7) |
| Earnings after taxes for the period |
– |
– |
112.4 |
– |
– |
0.1 |
112.5 |
| Balance as of 30 June 2007 |
108.8 |
5.2 |
1,027.1 |
(23.1) |
28.2 |
0.7 |
1,146.9 |
| |
|
|
|
|
|
|
|
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