The consolidated financial statements for Klöckner & Co SE are prepared in accordance with International Financial Reporting Standards (IFRS) and the interpretations of these standards by the International Accounting Standards Board (IASB), as applicable in the EU.
Our independent auditor, KPMG AG Wirtschaftsprüfungsgesellschaft issued an unqualified audit opinion on the 2011 consolidated financial statements on
February 24, 2012.
| 5 years in figures | 2011 | 2010 | 2009 | 2008*) | 2007 | |
|---|---|---|---|---|---|---|
| (€ million) | ||||||
| Sales | 7,095 | 5,198 | 3,860 | 6,750 | 6,274 | |
| Earnings before interest, taxes, depreciation and amortization (EBITDA) | 217 | 238 | -68 | 601 | 371 | |
| Earnings before interest and taxes (EBIT) | 111 | 152 | -178 | 533 | 307 | |
| Earnings before taxes (EBT) | 27 | 84 | -240 | 463 | 210 | |
| Earnings after taxes (EAT) | 10 | 80 | -186 | 384 | 156 | |
| Earnings per share (basic) | € | 0.14 | 1.17 | -3.61 | 8.56 | 2.87 |
| Earnings per share (diluted) | € | 0.14 | 1.17 | -3.61 | 8.11 | 2.87 |
| Cash flow from operating activities | 6 | 35 | 565 | 187 | 109 | |
| Cash flow from investing activities | -483 | -188 | -8 | 72 | -378 | |
| Liquid funds | 987 | 935 | 827 | 297 | 154 | |
| Net working capital **) | 1,534 | 1,017 | 637 | 1,407 | 1,323***) | |
| Net financial debt | 471 | 137 | -150 | 571 | 746 | |
| Equity ratio | % | 39.2 | 37.0 | 41.4 | 35.1 | 28.5 |
| Balance sheet total | 4,706 | 3,491 | 2,713 | 3,084 | 2,966 | |
| Turnover | Tto | 6,661 | 5,314 | 4,119 | 5,974 | 6,478 |
| Employees as of December, 31 | 11,381 | 9,699 | 9,032 | 10,282 | 10,581 |
*) Comparative amounts for 2008 restated due to initial application of IFRIC 14.
**) Working capital = inventories plus trade receivables less trade payables
***) Including Namasco Ltd.; €1,276 million excluding Namasco Ltd.
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