Group Management Report

In the 2008 financial year, our strategy continued to be geared towards earnings-based growth, although there was a significant deterioration in the economic situation especially in the fourth quarter. Group sales increased by 2.9 percent to EUR 12.663bn (2007: EUR 12.306bn). Group operating profit rose at a faster rate than sales, by 5.4 percent to EUR 2.555bn (2007: EUR 2.424bn).

Group sales and Group operating profit (in € million)Group sales and Group operating profit (in € million) (bar chart)


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The following information is part of the consolidated financial statements as of 31 December 2008, which were audited and issued with an unqualified certificate by KPMG Deutsche Treuhand AG, Wirtschaftprüfungsgesellschaft.

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