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Five-year summary

Five-year summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2003

 

2004

 

2005

 

2006

 

2007

1

EBITDA before non-recurring items including share of income from associates and joint ventures.

2

EBIT before non-recurring items and before amortisation of fair value adjustments identified in the course of the purchase price allocation.

3

Based on the weighted average number of shares.

4

Includes receivables from financial services.

Sales

 

€ million

 

8,992

 

9,421

 

9,511

 

8,113

 

12,306

In Germany

 

%

 

22.9

 

21.4

 

20.1

 

14.6

 

10.2

Outside Germany

 

%

 

77.1

 

78.6

 

79.9

 

85.4

 

89.8

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit1

 

€ million

 

1,444

 

1,541

 

1,705

 

1,586

 

2,424

EBIT2

 

€ million

 

544

 

785

 

953

 

989

 

1,591

Earnings before taxes on income (EBT)

 

€ million

 

287

 

518

 

808

 

363

 

1,375

Earnings after tax attributable to Linde AG shareholders

 

€ million

 

108

 

266

 

514

 

1,838

 

952

Earnings per share
(continuing operations)3

 

 

0.91

 

2.23

 

4.30

 

1.45

 

5.77

Dividend

 

€ million

 

135

 

149

 

168

 

241

 

283

Dividend per share

 

 

1.13

 

1.25

 

1.40

 

1.50

 

1.70

No. of shares (at 31 December)

 

in 000s

 

119,262

 

119,327

 

119,864

 

160,736

 

166,347

Asset structure

 

 

 

 

 

 

 

 

 

 

 

 

Non-current assets

 

€ million

 

7,702

 

7,675

 

7,832

 

20,182

 

19,247

Inventories

 

€ million

 

1,107

 

942

 

1,050

 

980

 

1,062

Trade receivables4

 

€ million

 

1,760

 

1,668

 

2,125

 

2,504

 

2,470

Liquid funds and securities

 

€ million

 

561

 

567

 

911

 

663

 

903

Other assets

 

€ million

 

785

 

739

 

700

 

3,589

 

1,273

Total assets

 

€ million

 

11,915

 

11,591

 

12,618

 

27,918

 

24,955

Capital structure

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

€ million

 

3,886

 

4,081

 

4,473

 

8,225

 

9,210

Provisions

 

€ million

 

2,227

 

2,124

 

2,598

 

3,437

 

3,017

Financial debt

 

€ million

 

2,991

 

2,535

 

2,416

 

10,596

 

7,330

Other liabilities

 

€ million

 

2,811

 

2,851

 

3,131

 

5,660

 

5,398

Total equity and liabilities

 

€ million

 

11,915

 

11,591

 

12,618

 

27,918

 

24,955

Cash flow statement

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow from operating activities (continuing operations)

 

€ million

 

1,281

 

1,249

 

1,501

 

848

 

1,767

Employees as of 31 December

 

 

 

46,164

 

41,383

 

42,229

 

51,038

 

50,485

In Germany

 

%

 

37.3

 

35.4

 

34.6

 

14.1

 

14.1

Outside Germany

 

%

 

62.7

 

64.6

 

65.4

 

85.9

 

85.9

Key ratios

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditure

 

€ million

 

608

 

735

 

864

 

776

 

1,035

Equity ratio

 

%

 

32.6

 

35.2

 

35.4

 

29.5

 

36.9

Return on capital employed (ROCE)

 

%

 

7.7

 

10.8

 

13.7

 

11.4

 

10.3

EBIT margin2

 

%

 

7.6

 

8.2

 

10.0

 

12.2

 

12.9

Cash flow from operating activities as percentage of sales

 

%

 

14.2

 

13.3

 

15.8

 

10.5

 

14.4