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in € million
      January to June     Year 2004
The figures in brackets exclude Refrigeration and amortization of goodwill                      
    2005   2004   Change    
                       
Share                    
Closing price   55.85   45.25     23.4 %     46.06
Period high   59.40   47.63     24.7 %     49.10
Period low   47.73   40.50     17.9 %     40.50
Market capitalization     6,682   5,396     23.8 %     5,496
                       
Per share                    
Earnings   1.62   0.60         2.23
Cash flow from operating activities   4.11   3.50     17.4 %     10,47
Number of shares (in 000s)     119,636   119,262     n/a     119,327
                     
Group                    
Sales   4,464   4,438 (4,121)   0.6 % (8.3 %)   9,421
Incoming orders   4,840   4,996 (4,550)   −3.1 % (6.4 %)   9,637
                     
EBITA   372   281 (309)   32.4 % (20.4 %)   777
Earnings before taxes on income (EBT)   308   148 (241)   (27.8 %)   510
Net income   193   71 (164)   (17.7 %)   266
EBITA return on sales   8.3 %   6.3 % (7.5 %)   n/a n/a   8.2 %
                     
Capital expenditure
(excluding financial assets)
  508   451     12.6 %     987
Cash flow from operating activities   490   417     17.5 %     1,249
Equity   4,286   3,936     8.9 %     4,081
Total assets   11,939   12,000     −0.5 %     11,591
                     
Number of employees
(at end of the period)
  41,961   46,749     −10.2 %     41,383

History: