Geberit key figures

Key figures 4 2015 2014 20133
Net sales MCHF 2.593,7 2.089,1 1.999,9
      Change on previous year % +24,2 +4,5 +4,2
Operating profit (EBIT) 2 MCHF 590,9 576,9 510,7
      Margin in % of net sales 2 % 22,8 27,6 25,5
Net income 2 MCHF 493,1 498,6 435,8
      Margin in % of net sales 2 % 19,0 23,9 21,8
Operating cashflow (EBITDA) 2 MCHF 693,5 657,1 592,8
      Margin in % of net sales % 26,7 31,5 29,6
Free cashflow MCHF 484,0 460,4 444,3
      Margin in % of net sales % 18,7 22,0 22,2
Financial results, net 2 MCHF -17,2 -1,7 -5,5
Capital expenditures MCHF 147,3 104,8 98,0
Research and development expenses MCHF 63,4 55,8 50,9
      In % of net sales % 2,4 2,7 2,5
Earnings per share 1,2 CHF 13,2 13,3 11,6
         
Employees 2015 2014 20133
Number of employees (31.12.) Employees 12.126 6.247 6.226
Annual average Employees 12.477 6.303 6.219
      Net sales per employee TCHF 207,9 331,4 321,6
         
Balance sheet (31.12) 2015 2014 20133
Total assets MCHF 3.553,8 2.431,5 2.226,0
Liquid funds and marketable securities MCHF 459,6 749,7 612,8
Net working capital MCHF 146,6 169,1 127,9
Property, plant and equipment MCHF 715,4 550,9 536,4
Goodwill and intangible assets MCHF 1.757,1 645,3 645,5
Total debt MCHF 1.139,2 10,5 11,7
Equity MCHF 1.482,2 1.717,1 1.664,1
Equity ratio % 41,7 70,6 74,8
Gearing % 45,9 -43,0 -36,1

1) Based on the 1:10 stock split implemented on May 8, 2007.
2) 2015: Adjusted for costs in connection with the Sanitec acquisition (transaction, integration and one-off financing costs as well as amortization of intangible assets and one-off costs resulting from the inventory revaluation)
3) Restatement see Note 1 in the consolidated financial statements of the Geberit Group 2013
4) The audited consolidated financial statements of the Geberit Group and the financial statements of Geberit AG are available at www.geberit.com/financial_report