Key operating and financial data

Operating and financial data

1st half Statutory
In millions of euro 2013 2012 2012
Data on financial position   
Net sales revenues 671.5 764.1 1,406.2
Gross industrial margin 207.3 236.3 417.9
Operating income 57.6 71.7 96.6
Profit before tax 41.6 56.3 67.9
Net profit 25.0 33.8 42.1
  -Non-controlling interests 0.1 0.1
  -Group 24.9 33.7 42.0
    
Data on financial performance
Net capital employed (NCE) 887.3 828.4 831.7
Consolidated net debt (458.2) (384.0) (391.8)
Shareholders’ equity 429.2 444.4 439.9
 
Balance sheet figures and financial ratios
Gross margin on net revenues 30.9% 30.9% 29.7%
Net profit as a percentage of net revenues 3.7% 4.4% 3.0%
ROS (Operating income/net revenues) 8.6% 9.4% 6.9%
ROE (Net profit/shareholders' equity) 5.8% 7.6% 9.6%
ROI (Operating income/NCE) 6.5% 8.7% 11.6%
EBITDA 100.6 114.4 176.2
EBITDA on Net Revenues 15.0% 15.0% 12.5%
    
Other information
Sales volumes (unit/000) 298.5 315.4 615.5
Investments in property, plant and equipment and intangible assets 68.6 78.4 147.8
Research and Development1 31.8 37.7 59.6
Employees at the end of the period (number) 8,150 8,349 8,129
1_ The item Research and Development includes investments recognised in the statement of financial position and costs recognised in profit and loss.

Results by operating segment

     EMEA and AMERICAS          INDIA         ASIA PACIFIC 2W TOTAL
Sales volumes (units/000) 1st half of 2013 132.5 117.4 48.5 298.5
1st half of 2012 167.1 97.5 50.8 315.4
Change (34.5) 19.9 (2.3) (16.9)
Change % -20.7% 20.4% -4.6% -5.4%
 
Turnover
(million Euro)
1st half of 2013 414.0 165.9 91.7 671.5
1st half of 2012 503.5 165.0 95.6 764.1
Change (89.5) 0.8 (3.9) (92.5)
Change % -17.8% 0.5% -4.0% -12.1%
 
Average number of staff 
(no.)
1st half of 2013 4,272 3,113 949 8,334
1st half of 2012 4,669 2,645 939 8,253
Change (397) 468 10 81
Change % -8.5% 17.7% 1.1% 1.0%
 
Investments
(million Euro)
1st half of 2013 30.7 6.1 6.6 43.4
1st half of 2012 43.7 21.9 12.9 78.4
Change (13.0) (15.8) (6.2) (35.1)
Change % -29.8% -72.3% -48.3% -44.7%
 
Research and development2 
(million Euro)
1st half of 2013 23.5 4.8 3.4 31.8
1st half of 2012 23.8 8.9 5.0 37.7
Change (0.3) (4.1) (1.5) (5.9)
Change % -1.4% -46.0% -30.4% -15.7%
2_ The item Research and Development includes investments recognised in the statement of financial position and costs recognised in profit and loss.