Bayer Group Key Data

 

 

Q2 2015

Q2 2016

 

Change

 

H1 2015

H1 2016

 

Change

 

Full Year 2015

 

 

€ million

€ million

 

in %

 

€ million

€ million

 

in %

 

€ million

2015 figures restated

1

EBITDA = EBIT plus the amortization of intangible assets and the depreciation of property, plant and equipment, plus impairment losses and minus impairment loss reversals, recognized in profit or loss during the reporting period. This indicator is not defined in the International Financial Reporting Standards. For details see “Calculation of EBIT(DA) Before Special Items.”

2

EBITDA before special items = EBITDA plus special charges, minus special gains. This indicator is not defined in the International Financial Reporting Standards. For details see “Calculation of EBIT(DA) Before Special Items.”

3

The EBITDA margin before special items is calculated by dividing EBITDA before special items by sales. This indicator is not defined in the International Financial Reporting Standards. For details see “Calculation of EBIT(DA) Before Special Items.”

4

EBIT = income after income taxes, plus income taxes, plus financial result. This indicator is not defined in the International Financial Reporting Standards.

5

EBIT before special items = EBIT plus special charges, minus special gains. This indicator is not defined in the International Financial Reporting Standards. For details see “Calculation of EBIT(DA) Before Special Items.”

6

Earnings per share as defined in IAS 33 = net income divided by the average number of shares

7

Core earnings per share = earnings per share, plus / minus amortization and impairment losses / impairment loss reversals of intangible assets, impairment losses / impairment loss reversals on property, plant and equipment, plus special charges, minus special gains (other than amortization and impairment losses / impairment loss reversals), plus / minus the related tax effects and the share of the adjustments attributable to noncontrolling interest. This indicator facilitates the comparability of performance over time. It is not defined in the International Financial Reporting Standards. For details see “(Core) Earnings Per Share.”

8

Gross cash flow = income after income taxes, plus income taxes, plus financial result, minus income taxes paid or accrued, plus depreciation, amortization and impairment losses, minus impairment loss reversals, plus / minus changes in pension provisions, minus gains / plus losses on retirements of noncurrent assets, minus gains from the remeasurement of already held assets in step acquisitions. The change in pension provisions includes the elimination of noncash components of EBIT. It also contains benefit payments during the year. Gross cash flow is not defined in the International Financial Reporting Standards. For details see “Statements of Cash Flows.”

9

Net cash flow = cash flow from operating activities according to IAS 7

10

Full-time equivalents

Sales

 

12,003

11,833

 

–1.4

 

23,796

23,687

 

–0.5

 

46,085

Change (adjusted for currency and portfolio effects)

 

 

 

 

+2.3

 

 

 

 

+2.8

 

+2.7%

Change in sales

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

+5.0%

+4.4%

 

 

 

+3.8%

+4.8%

 

 

 

+4.4%

Price

 

–1.2%

–2.1%

 

 

 

–0.7%

–2.0%

 

 

 

–1.7%

Currency

 

+9.0%

–3.8%

 

 

 

+8.2%

–3.3%

 

 

 

+5.8%

Portfolio

 

+5.5%

+0.1%

 

 

 

+5.2%

0.0%

 

 

 

+3.6%

EBITDA1

 

2,637

2,952

 

+11.9

 

5,363

6,311

 

+17.7

 

9,573

Special items

 

(251)

(102)

 

 

 

(447)

(130)

 

 

 

(683)

EBITDA before special items2

 

2,888

3,054

 

+5.7

 

5,810

6,441

 

+10.9

 

10,256

EBITDA margin before special items3

 

24.1%

25.8%

 

 

 

24.4%

27.2%

 

 

 

22.3%

EBIT4

 

1,823

2,138

 

+17.3

 

3,748

4,458

 

+18.9

 

6,241

Special items

 

(255)

(104)

 

 

 

(499)

(376)

 

 

 

(819)

EBIT before special items5

 

2,078

2,242

 

+7.9

 

4,247

4,834

 

+13.8

 

7,060

Financial result

 

(287)

(314)

 

–9.4

 

(561)

(629)

 

–12.1

 

(1,005)

Net income (from continuing and discontinued operations)

 

1,164

1,380

 

+18.6

 

2,498

2,891

 

+15.7

 

4,110

Earnings per share (from continuing and discontinued operations) (€)6

 

1.40

1.67

 

+19.3

 

3.02

3.50

 

+15.9

 

4.97

Core earnings per share (from continuing operations) (€)7

 

1.99

2.07

 

+4.0

 

4.05

4.42

 

+9.1

 

6.82

Gross cash flow8

 

2,165

2,366

 

+9.3

 

4,162

4,930

 

+18.5

 

6,993

Net cash flow from continuing and discontinued operations9

 

1,959

1,982

 

+1.2

 

2,683

3,304

 

+23.1

 

6,890

Cash outflows for capital expenditures

 

601

589

 

–2.0

 

946

952

 

+0.6

 

2,517

Research and development expenses

 

1,035

1,122

 

+8.4

 

1,979

2,231

 

+12.7

 

4,274

Depreciation, amortization and impairments

 

814

814

 

.

 

1,615

1,853

 

+14.7

 

3,332

Number of employees at end of period10

 

117,534

115,576

 

–1.7

 

117,534

115,576

 

–1.7

 

116,583

Personnel expenses (including pension expenses)

 

2,743

2,789

 

+1.7

 

5,616

5,621

 

+0.1

 

11,176