Key figures


Audited by PwC
RESOURCE EFFICIENCY IMPROVEMENT
%
FusionCharts.
Water efficiency improvement
Energy efficiency improvement
CO2 efficiency improvement
ROIC AND INVESTED CAPITAL
DKK million
%
FusionCharts.
ROIC (%)
Invested capital (DKK million)
RESEARCH AND DEVELOPMENT
%
DKK million
FusionCharts.
R&D costs (DKK million)
R&D costs (% of sales)
FREQUENCY OF ACCIDENTS AND AVERAGE DAYS ABSENT
Frequency of accidents
Average days absent
FusionCharts.
Frequency of accidents (per million working hours)
Average days absent (per accident)

    2010 2009 2008 2007 2006  
Income statement (DKK million)
Revenue 9,724  8,448  8,146  7,438  6,802 
Research and development costs 1,360  1,207  1,096  995  880 
EBITDA 2,796  2,252  2,060  1,971  1,809 
Operating profit / EBIT 2,117  1,688  1,504  1,481  1,340 
Financial items, net (67) (85) (96) (122)
Profit before tax 2,123  1,621  1,419  1,385  1,218 
Net profit 1,614  1,194  1,062  1,042  911 
Balance sheet (DKK million)
Non-current assets 7,057  5,991  5,641  5,218  4,379 
Total assets 12,593  10,890  9,925  8,871  7,965 
Shareholders' equity 7,836  5,841  4,476  3,667  3,393 
Non-current liabilities 2,249  2,528  2,563  2,810  2,634 
Current liabilities 2,508  2,521  2,886  2,394  1,938 
Invested capital 8,182  6,790  5,856  5,436  4,548 
Net interest-bearing debt 346  949  1,380  1,769  1,455 
Investments and cash flows (DKK million)
Cash flow from operating activities 2,324  1,817  1,697  1,714  1,534 
Cash flow from investing activities, net (1,349) (978) (942) (1,467) (953)
Of which investments in property, plant and equipment, net (1,323) (972) (885) (721) (463)
Free cash flow before acquisitions 998  839  755  963  1,058 
Free cash flow 975  839  755  247  581 
Cash flow from financing activities (737) (523) 287  (631) (851)
Net cash flow 238  316  1,042  (384) (270)
Key ratios
Research and development costs as a percentage of revenue % 14.0 14.3 13.5 13.4 12.9
EBITDA margin % 28.8 26.7 25.3 26.5 26.6
Operating profit margin % 21.8 20.0 18.5 19.9 19.7
Net profit margin % 16.6 14.1 13.0 14.0 13.4
Effective tax rate % 24.0 26.3 25.2 24.8 25.2
Equity ratio % 62.2 53.6 45.1 41.3 42.6
Return on equity % 23.6 23.1 26.1 29.5 25.4
Return on invested capital (ROIC), including goodwill % 22.2 20.3 19.5 21.7 20.2
Return on invested capital (ROIC), excluding goodwill % 23.7 21.8 21.2 23.4 21.1
WACC % 5.6 7.0 7.4 8.1 7.5
Earnings per share (EPS) DKK 25.75 19.24 17.17 16.93 14.46
Proposed dividend per share DKK 8.00 5.75 5.25 5.00 4.50
 
Environmental and social data
Water efficiency improvement (compared to 2005) % 29  27  23  13  10 
Energy efficiency improvement (compared to 2005) % 30  27  21  13  12 
CO2 efficiency improvement (compared to 2005) % 38  24  14 
Total waste recycled % 43  45  45  43  42 
Significant spills No.
Rate of employee turnover % 7.5  6.7  11.3  9.0  8.0 
Rate of absence % 2.1  2.3  2.2  2.2  2.3 
Fatalities No.
Frequency of accidents with absence per million working hours 4.1  5.1  4.9  4.8  3.7 





My Report

0 pages added