..

Long-term comparison under IFRS

under IFRS

Sales and result

 

2012

2011

2010

2009*

2009

2008

2007

2006

2005

Sales

EUR mn

2,090.4

2,140.0

1,766.3

1,218.0

1,254.7

1,329.1

1,260.5

1,042.6

942.6

Sales outside of Austria

%

91.1

91.5

91.3

88.1

88.4

87.8

85.9

85.6

85.0

Income from operations (EBIT), Operating result**

EUR mn

255.0

364.0

231.9

114.2

100.7

130.3

162.3

107.8

81.8

Financial result**

EUR mn

(12.0)

(10,9)

(12.9)

(11.3)

(12.2)

(15.6)

(11.3)

(8.5)

(2.5)

Income before taxes (EBT)**

EUR mn

246.4

351.9

216.9

102.9

88.5

114.7

151.0

99.2

79.3

Income tax expense**

EUR mn

54.5

84.6

40.2

23.0

21.6

36.6

32.8

10.4

18.6

Profit for the year**

EUR mn

191.9

267.4

169.9

66.8

66.8

78.7

117.6

88.4

60.7

Profit for the year attributable
to
shareholders of Lenzing AG**

EUR mn

186.6

258.7

159.1

64.4

64.4

77.7

109.6

83.9

56.9

Cash flow

 

 

 

 

 

 

 

 

 

 

Gross cash flow6

EUR mn

248.0

435.3

282.3

147.4

140.9

157.8

203.6

146.9

120.4

Gross cash flow as percentage of sales6

%

11.9

20.3

16.0

12.1

11.2

11.9

16.2

14.1

12.8

Net cash from operating activities

EUR mn

209.4

309.7

294.0

250.9

250.9

50.4

223.8

146.1

124.3

Free cash flow

EUR mn

(98.9)

93.5

13.3

92.9

92.9

(96.3)

(36.4)

(43.7)

(35.1)

Capital expenditure (Intangible assets, property,
plant and equipment and non-controlling interest)

EUR mn

346.2

193.7

230.0

150.4

151.7

158.6

136.7

104.1

82.4

Assets structure

 

 

 

 

 

 

 

 

 

 

Non-current assets

%

56.2

56.6

60.9

67.5

67.5

64.2

62.1

63.0

63.5

Current assets

%

43.8

43.4

39.1

32.5

32.5

35.8

37.9

37.0

36.5

Total assets

EUR mn

2,632.7

2,340.5

1,963.4

1,447.2

1,447.2

1,415.8

1,308.6

1,061.7

1,010.1

Capital structure

 

 

 

 

 

 

 

 

 

 

Adjusted Equity1

%

43.8

44.8

38.6

42.0

42.0

42.7

44.8

51.1

48.0

Post employment benefits

%

3.8

3.7

4.2

5.7

5.7

6.2

6.3

7.0

7.2

Liabilities (excl. post employment benefits)

%

52.4

51.5

57.2

52.3

52.3

51.1

48.9

41.9

44.8

Key data

 

 

 

 

 

 

 

 

 

 

Return on sales (ROS)2 **

%

10.2

12.8

10.8

7.0

5.7

7.1

10.6

7.8

6.5

Return on capital employed (ROCE)3 **

%

15.3

23.3

18.4

8.6

7.2

10.0

17.5

11.9

9.0

Return on equity (ROE)7 **

%

16.4

29.6

24.5

11.0

11.0

13.2

20.8

17.2

12.8

EBIT4 **

EUR mn

255.0

364.0

231.9

114.2

100.7

130.3

162.3

107.8

81.8

EBIT margin**

%

12.2

17.0

13.1

9.4

8.0

9.8

12.9

10.3

8.7

EBITDA5 **

EUR mn

358.7

480.3

330.6

187.9

182.0

200.8

229.3

169.3

141.6

EBITDA margin**

%

17.2

22.4

18.7

15.4

14.5

15.1

18.2

16.2

15.0

Earnings per share

EUR

6.6

9.9

6.2

2.5

2.5

3.0

4.3

3.3

2.2

Number of employees at year-end

7,033

6,444

6,143

6,021

6,021

5,945

6,043

5,044

4,860

The computation of several ratios does not follow the recommendation for the computation of financial performance indicators as per Expert Opinion KFS/BW3 published by the Austrian Chamber of Chartered Accountants.

1) = Equity incl. grants less prop. deferred taxes (after restructurig)
2) = NOPAT (= Income from operations (EBIT) less proportional income taxes)                                                                                                                                                   sales
3) = NOPAT
       ((The average of stockholders' equity and non-controlling interests
       abzgl. latenter Steuern nach Umstrukturierungen
       + Interest bearing debt
       - Cash
       - Current and non-current securities and loans
       - Investments in associates and other financial assets) 01/01+31/12)/2
4) = Income before taxes and financial result
5) = EBIT plus amortization of intangible fixed assets and depreciation of property, plant and equipment less revenues from investment grants
6) = As of 2012 income tax is now completely included as part of gross cashflow. The prior year figure was adjusted.
7) = NOPAT
       Average of adjusted equity (after restructuring)

*) values adjusted according to IFRS 5
**) before restructuring