Another highly useful tool for assessing corporate performance is the comparative analysis of key figures over 10 years. The Vossloh Group's ten-year overview allows for the 1996 relisting of DM 50 shares as DM 5 shares, the 1998 (1-for-1) stock split and the 1993 (1-for-5) capital increase against cash contributions.
Ten-year overview of the Vossloh
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement data | |||||||||||
| Net sales | € mill. | 1,351.3 | 1,173.7 | 1,212.7 | 1,232.1 | 1,015.2 | 996.4 | 917.8 | 912.5 | 744.5 | 903.0 |
| thereof: Rail Technology | € mill. | 1,351.3 | 1,173.4 | 1,212.1 | 1,231.8 | 1,014.2 | 996.1 | 917.5 | 912.2 | 743.6 | 649.7 |
| Lighting | € mill. | – | – | – | – | – | – | – | – | – | 252.8 |
| EBIT | € mill. | 152.1 | 137.9 | 137.7 | 121.5 | 82.7 | 90.8 | 105.6 | 100.9 | 78.4 | 60.0 |
| Net interest expense | € mill. | (11.7) | (9.4) | (9.3) | (12.3) | (14.1) | (19.6) | (16.0) | (14.7) | (14.8) | (17.2) |
| EBT | € mill. | 140.4 | 128.5 | 128.4 | 109.2 | 68.6 | 71.2 | 89.6 | 86.2 | 63.6 | 42.8 |
| Group earnings (total) | € mill. | 97.5 | 87.9 | 139.4 | 71.4 | 20.3 | 45.1 | 57.2 | 55.5 | 52.4 | 17.2 |
| Earnings per share (EpS) | € | 7.32 | 6.57 | 9.48 | 4.83 | 1.38 | 3.07 | 3.91 | 3.90 | 3.85 | 1.20 |
| Pretax ROS | % | 10.4 | 10.9 | 10.6 | 8.9 | 6.8 | 7.1 | 9.8 | 9.4 | 8.5 | 4.7 |
| Pretax ROE | % | 24.2 | 26.1 | 26.1 | 25.2 | 18.5 | 19.7 | 27.1 | 29.0 | 26.7 | 13.6 |
| Return on capital employed1 | % | 17.2 | 20.5 | 18.8 | 14.9 | 12.9 | 12.0 | 15.3 | 16.3 | 13.3 | 9.4 |
| Value added | € mill. | 54.8 | 63.7 | ||||||||
| Balance sheet data | |||||||||||
| Fixed assets | € mill. | 590.7 | 458.2 | 431.4 | 503.4 | 423.4 | 453.3 | 387.0 | 377.7 | 414.5 | 322.0 |
| capital expenditures | € mill. | 57.9 | 41.9 | 37.6 | 52.6 | 23.9 | 34.5 | 39.4 | 30.5 | 25.5 | 48.2 |
|
amortization/ depreciation |
€ mill. | 39.5 | 24.6 | 22.8 | 29.2 | 25.9 | 23.9 | 25.2 | 24.4 | 19.7 | 38.1 |
|
Closing working capital2 |
€ mill. | 258.0 | 245.1 | 300.7 | 312.8 | 216.7 | 303.3 | 303.2 | 242.7 | 175.5 | 316.3 |
| Year-end working capital intensity | % | 19.1 | 20.9 | 24.8 | 25.4 | 21.3 | 30.4 | 33.1 | 26.6 | 23.6 | 35.0 |
| Closing capital employed | € mill. | 848.6 | 703.2 | 732.1 | 816.2 | 640.1 | 756.6 | 690.2 | 620.4 | 590.0 | 638.3 |
| Total equity | € mill. | 580.0 | 492.6 | 492.7 | 434.0 | 371.1 | 361.0 | 331.1 | 297.6 | 238.6 | 314.4 |
| thereof: minority interests | € mill. | 27.9 | 20.4 | 16.9 | 12.1 | 9.3 | 6.1 | 5.8 | 5.6 | 4.6 | 121.2 |
| Net financial debt/(assets) | € mill. | 136.6 | 70.2 | (35.0) | 124.9 | 62.3 | 220.5 | 171.1 | 183.1 | 227.0 | 231.2 |
| Total assets | € mill. | 1,405.8 | 1,338.4 | 1,339.4 | 1,326.7 | 1,198.5 | 1,091.2 | 1,016.7 | 880.3 | 947.2 | 899.0 |
| Equity ratio | % | 41.3 | 36.8 | 36.8 | 32.7 | 31.0 | 33.1 | 32.6 | 33.8 | 25.2 | 35.0 |
| Cash flow statement data | |||||||||||
| Cash flow from operating activities | € mill. | 139.1 | 44.9 | 133.8 | 80.2 | 186.9 | 54.6 | 32.9 | 16.1 | 122.9 | 50.6 |
| Cash flow from investing activities | € mill. | (151.1) | (52.3) | 116.8 | (123.6) | (15.4) | (65.5) | (27.5) | 22.4 | (292.3) | (45.8) |
| Cash flow from financing activities | € mill. | (71.8) | (84.1) | (77.0) | (25.7) | (81.5) | (78.9) | 110.5 | (51.0) | 10.8 | (9.3) |
| Net cash inflow/(outflow) | € mill. | (83.8) | (91.5) | 173.6 | (69.1) | 90.0 | (89.8) | 115.9 | (12.5) | (6.6) | (4.5) |
| Workforce | |||||||||||
| Annual average headcount | 4,984 | 4,717 | 4,631 | 5,493 | 4,765 | 4,732 | 4,513 | 4,422 | 4,190 | 5,370 | |
| thereof: Germany | 1,667 | 1,312 | 1,243 | 1,183 | 1,168 | 1,494 | 1,547 | 1,558 | 1,651 | 2,494 | |
| abroad | 3,317 | 3,405 | 3,388 | 4,310 | 3,597 | 3,238 | 2,966 | 2,864 | 2,539 | 2,876 | |
| thereof: Rail Technology | 4,936 | 4,666 | 4,585 | 5,455 | 4,734 | 4,701 | 4,481 | 4,392 | 4,167 | 3,884 | |
| Lighting | – | – | – | – | – | – | – | – | – | 1,464 | |
| Vossloh AG | 48 | 51 | 46 | 38 | 31 | 31 | 32 | 30 | 23 | 22 | |
| Payroll intensity | % | 61.5 | 61.9 | 61.3 | 67.5 | 71.6 | 70.8 | 66.2 | 66.9 | 69.0 | 77.0 |
| Personnel expenses | € mill. | 249.5 | 229.6 | 223.2 | 268.9 | 223.9 | 234.5 | 217.5 | 213.9 | 178.4 | 208.1 |
| Payroll per capita | € ’000 | 50.1 | 48.7 | 48.2 | 49.0 | 47.0 | 49.6 | 48.2 | 48.4 | 42.6 | 38.7 |
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital stock | € mill. | 37.8 | 37.8 | 37.8 | 37.8 | 37.7 | 37.7 | 37.4 | 37.4 | 36.8 | 36.8 |
| Dividend per share | € | 2.50 | 2,00 |
2.00 + 1.00 |
1.70 | 1.30 | 1.30 | 1.30 | 1.30 | 1.20 | 0.75 |
| Stock price at Dec. 31 | € | 95.50 | 69.52 | 79.49 | 80.10 | 57.14 | 41.10 | 36.35 | 44.80 | 24.70 | 22.53 |
| Market capitalization at Dec. 31 | € mill. | 1,272.6 | 926.0 | 1,104.0 | 1,185.1 | 842.0 | 605.6 | 530.9 | 654.2 | 338.1 | 310.4 |
2000–2002 according to US GAAP
As from 2003 according to IFRS
1Based on average capital employed since 2009
2As from 2009, the other current accruals, being non-interest, are deducted, too.
As from 2003 according to IFRS
1Based on average capital employed since 2009
2As from 2009, the other current accruals, being non-interest, are deducted, too.