Key figures

Consolidated income statement

Net income (loss) attributable to owners 67 117
€ millions
at 31 December 2015
 2015  2014 Change(1)
2015/2014
Sales 3,300 3,369 -2.0%
EBITDA
EBITDA margin (%)
126
3.8%
124
3.7%
+1.5%
+ 0,1 points
Recurring operating income
Operating margin
73
2.2%
72
2.1%
+0.7%
+ 0.1 points
Non-recurring items
Net financial expense
Income tax
Net income (loss) from discontinued operations
Associates and non-controlling interests
(76)
(41)
(23)
(-)
(-)
119
(56)
(11)
(8)
(-)
  1. Percentage and margin changes are based on figures rounded out to one decimal place.

Consolidated statement of financial position

€ millions
at 31 December 2015
2015 2014
Goodwill 301 378
Property, plant & equipment and intangible assets 244 295
Other fixed assets 190 219
Operating WCR 296 296
Other current assets (liabilities) (116) (142)
Assets (liabilities) held for sale 4 79
Total assets 892 1,125
     
Shareholders’ equity 468 588
Non-controlling interests
Provisions 189 226
Net debt 235 311
Total equity and liabilities 892 1,125

Change in net debt

€ millions 2015 2014
Consolidated net debt at 31 December (235) (311)
Consolidated net debt at 1 January (311)  (537) 
EBITDA 126 124
Change in WCR of businesses 8 (76)
CAPEX (49) (43)
Asset disposals 14 11
Net finance costs (35) (46)
Income tax expense (12) (5)
Restructuring costs (93) (62)
Disposals/acquisitions 135 5
Capital increase  64
Financial restructuring program (6)  294
Cash flow from (used in) discontinued operations  (20)
Currency impact 1  (3)
Other items (13) (17)