Financial summary

Financial Highlights 2011-2008 IFRS

€ ml	2008	2009	2010*	2011
Net sales	3,155	2,613	2,877	2,825
EBITDA	271	260	310	263
% on sales	8.6%	10.0%	10.8%	9.3%
EBIT	141	119	184	150
% on sales	4.5%	4.5%	6.4%	5.3%
PBT	95	67	149	113
Net profit of the Group	55	35	90	59
% on sales	1.7%	1.3%	3.1%	2.1%
(non recurring charges), income net	(19)	(50)	(44)	9

€ ml	2008	2009	2010*	2011
Net working capital	65	13	7	-25
Non-current operating assets	1,113	1,072	1,079	1,065
Other current assets and liabilities and non-current liabilities	-282	-327	-334	-268
Net invested capital	896	758	752	772
Net financial indebtness	474	290	179	218
Total shareholders'equity	422	468	573	554
Equity and financial liabilities	896	758	752	772
Net invested capital/sales	0.3	0.3	0.3	0.3
Net financial indebtness/total shareholders' equity	1.1	0.6	0.3	0.4
Net financial indebtness/EBITDA	1.7	1.1	0.6	0.8