Facts & Figures

Key figures

  • Group results impacted by weak Manmade Fibers and Drive Systems Segments’ markets
  • Group EBITDA margin of 14.7 %
  • Group book-to-bill ratio above 1
  • Surface Solutions Segment with slightly increased top line and operating profitability
  • Manmade Fibers Segment improved results from a low base level compared to prior quarter
  • Drive Systems Segment increased orders with further customer wins
  • Full-year guidance for 2020 confirmed

Key figures of HRMC as of September 30, 2019 (in USD million)

  Q3 2019 Q3 2018 Δ 9M 2019 9M 2018 Δ
 Order intake  572  609  -6.1 %  1 753  1 941  -9.7 %
 Order backlog  398  493  -19.3 %  398  493  -19.3 %
 Sales  549  634  -13.4 %  1 718  2 013  -14.7 %
 EBITDA  81  111  -27.0 %  238  353  -32.6 %
 EBITDA margin  14.7 %  17.5 %  –  13.8 %  17.5 %  –
 EBIT  37  70  -47.1 %  105  228  -53.9 %
 EBIT margin  6.8 %  11.1 %  –  6.1 %  11.3 %  –
 ROCE (rolling 12-month)  6.2 %3  9.3 %4  –  6.2 %3  9.3 %4  –

Continuing operations.
Normalized.
4 Reported

.

Five-year summary of key figures

in USD million 2019 2018 2017 2016 2015
Order intake1  2 537  2 647  2 779  2 802  2 878
Order backlog1  431  643  800  834  971
Sales1  2 671  2 825  2 770  2 906  2 731
           
EBITDA1, 3  338  475  483  547  450
 – as % of sales  13 %  17 %  17 %  19 %  16 %
EBIT1, 4  -306  323  359  421  318
 – as % of sales  -11 %  11 %  13 %  14 %  12 %
           
Net result -418 202 201 380 224
– as % of equity attributable to shareholders of the parent -27 % 9 % 10 % 20 % 14 %
           
Cash flow from operating activities5 393 427 435 414 544
Capital expenditure for property, plant and equipment and intangible assets1 150 151 177 181 167
           
Total assets 4 097 4 966 4 094 4 158 4 573
Equity attributable to shareholders of the parent 1 554 2 188 2 072 1 860 1 586
– as % of total assets 38 % 44 % 51 % 45 % 35 %
           
Net cash2, 6 79 114 981 339 -86
           
Net operating assets1, 7 1 875 2 486 1 586 1 575 2 205
Number of employees1 13723 14039 12660 12708 12726
Personnel expenses1 785 780 737 765 740
Research and development expenditure1, 8 103 96 101 106 102

1 2019 continuing operations, 2018 restated, 2017, 2016 and 2015 as reported.
2 2020 continuing operations, 2019, 2018, 2017 and 2016 as reported.
3 Includes one-time effects of USD –112 million (restructuring).
4 Includes one-time effects of USD –588 million (restructuring expenses of USD –112 million and impairment losses of USD 476 million).
5 Before changes in net current assets.
6 Net cash includes cash and cash equivalents and marketable securities less current and non-current debt.
7 Net operating assets include current and non-current operating assets (including goodwill and brands and excluding cash and cash equivalents, current financial investments, current income tax receivables and deferred tax assets) less operating liabilities (excluding current loans and borrowings, non-current financial liabilities, current income tax payables and deferred tax liabilities).
Research and development expenditure includes expense recognized as intangible assets.