Home > Investor Relations > Financial Information > Multi-year Overview

Key Data

		FY 2004	FY 2005	FY 2006	FY 2007	FY 2008
External Sales	€ mil.	5,942	7,152	8,447	10,192	12,499
Steel Division	€ mil.	1,946	2,177	2,440	2,852	3,002
Trading Division	€ mil.	2,642	3,244	3,971	4,385	5,622
Tubes Division	€ mil.	1,016	1,407	1,510	1,815	2,172
Services Division	€ mil.	338	324	425	504	519
Technology Division¹⁾	€ mil.	-	-	-	513	1,038
Other/Consolidation	€ mil.	-	-	101	123	146

Earnings before tax (EBT)	€ mil.	323	941	1,855²⁾	1,314	1,003
EBT by Division
Steel Division	€ mil.	174³⁾	431	434	749	546
Trading Division	€ mil.	99	88	201	213	151
Tubes Division	€ mil.	117⁴⁾	441⁵⁾	263	303	312
Services Division	€ mil.	13	9	15	40	24
Technology Division ¹⁾	€ mil.	-	-	-	4	4
Other/Consolidation	€ mil.	-81	-28	942²⁾	5	-32⁶⁾

Net income for the year	€ mil.	247	842	1,510	905	677

Balance sheet total	€ mil.	4,236	5,414	6,978	8,406	8,701
Non-current assets	€ mil.	1,918	1,900	1,631	2,168	2,918
Current assets	€ mil.	2,318	3,514	5,347	6,238	5,783
Inventories	€ mil.	1,081	1,439	1,653	2,084	2,551
Shareholders' equity	€ mil.	1,121	2,012	3,457	4,246	4,346
Debt	€ mil.	3,115	3,402	3,521	4,160	4,355
Non-current liabilities	€ mil.	1,902	2,079	2,187	2,380	2,380
Current liabilities	€ mil.	1,213	1,323	1,334	1,780	1,975
of which due to banks	€ mil.	175	178	140	119	132

Investments⁷⁾	€ mil.	228	262	236	385	653
Depreciation and amortization⁷⁾	€ mil.	313	206	201	225	278

Employees
Personnel expenses	€ mil.	926	994	1,014	1,232	1,472
Annual-average core workforce⁸⁾	empl.	17,352	17,184	16,949	20,072	23,866
Annual-average total workforce⁹⁾	empl.	18,498	18,499	18,352	21,648	25,628
Crude steel production¹⁰⁾	kt	6,932	7,142	7,363	7,325	6,901

Key figures
Earnings before interest and tax (EBIT)¹¹⁾	€ mil.	346	970	1,901	1,351	1,072
EBIT before depreciation and amortization (EBITDA)	€ mil.	667	1,186	2,102	1,581	1,362
Return on capital employed (ROCE)¹²⁾	%	24.4	38.9	47.8	28.0	21.9
Cash flow	€ mil.	352	468	488	781	547

1)	Companies of the Technology Division consolidated as per July 1, 2007; EBT including effects of purchase price allocation	8)	Excluding trainees and non-active age-related part-time employees
2)	Including proceeds from sale/hedging of VLR shares of € 907 million	9)	Including trainees and non-active age-related part-time employees
3)	Including € 35.0 million profit-related effect from changes in inventory valuation	10)	Taking consideration of share in HKM under company law
4)	Including € 17.9 million in unscheduled depreciation and amortization	11)	EBT plus interest paid (excluding the interest portion of allocations ton pension provisions)
5)	Excluding contribution from the sale of V&M and VLR activities; assigned to the "Other/Consolidation" item	12)	EBIT divided by the sum of shareholder´s equity, tax provisions and interest-bearing liabilities (from 2003 excluding deferred tax assets and liabilities; from 2005 including liabilities from finance leasing, forfaiting and asset-backed securitization)
6)	Including amortization of goodwill
7)	Excluding financial Investments