Results
Analysis of Change
€ million
% of Group
2009
2008
Change
Organic
Acquisitions
Restructuring
Impairments
Exchange
Sales Revenue
21%
3,709
4,686
(977)
(1,234)
29
–
–
228
EBITDA*
12%
212
485
(273)
(247)
2
(47)
–
19
Operating Profit*
4%
38
330
(292)
(247)
1
(47)
(11)
12
Average Net Assets
2,477
2,586
EBITDA Margin
5.7%
10.3%
* EBITDA and Operating Profit exclude profit on disposal of non-current assets