Results
Analysis of Change
€ million
% of
Group
2009
2008
Change
Organic
Acquisitions
Restructuring
Impairments
Exchange
Sales Revenue
25%
4,280
5,007
(727)
(1,024)
25
–
–
272
EBITDA*
37%
670
724
(54)
(87)
5
(11)
–
39
Operating Profit*
43%
407
462
(55)
(72)
3
(11)
–
25
Average Net Assets
4,515
4,379
EBITDA Margin
15.7%
14.5%
Operating Profit Margin
9.5%
9.2%
* EBITDA and Operating Profit exclude profit on disposal of non-current assets