K+S key facts

    2015 2014 2013 2012 2011
Profit and Loss 1
Revenues € million 4,175.5 3,821.7 3,950.4 3,935.3 3,996.8
  - there of Potash and Magnesium Products business unit € million 2,091.3 1,884.0 2,037.6 2,290.6 2,133.6
  - thereof Salt business unit € million 1,925.2 1,778.5 1,751.4 1,484.8 1,710.1
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 2 € million 1,057.5 895.5 907.2 1,033.3 1,146.0
  - there of Potash and Magnesium Products business unit 2 € million 689.2 618.5 667.5 867.2 833.8
  - thereof Salt business unit € million 381.0 276.0 235.9 179.5 337.9
EBITDA margin % 25.3 23.4 23.0 26.3 28.7
Depreciation 3 € million 275.9 254.3 251.3 229.2 239.8
Operating earnings (EBIT I) € million 781.6 641.3 655.9 804.1 906.2
  - thereof Potash and Magnesium Products business unit € million 546.1 488.8 552.5 770.9 739.5
  - thereof Salt business unit € million 266.3 172.9 117.8 61.6 211.4
EBIT I margin % 18.7 16.8 16.6 20.4 22.7
  - Potash and Magnesium Products business unit % 26.1 25.9 27.1 33.7 34.7
  - Salt business unit % 13.1 9.7 6.7 4.1 12.4
Group earnings from continued operations, adjusted 4 € million 542.3 366.6 437.1 538.1 625.6
Earnings per share from continued operations, adjusted 4 2.83 1.92 2.28 2.81 3.27
Cashflow
Operating Cashflow € million 669.4 719.1 755.7 607.2 633.4
Capital expenditure 3 € million 1,278.8 1,153.2 742.5 465.5 293.1
Free Cashflow € million -635.9 -306.3  48.7 199.1 216.6
Balance Sheet
Balance sheet total € million 8,273.6 7,855.2 7,498.2 6,596.6 6,056.9
Equity € million 4,295.6 3,974.5 3,396.6 3,393.9 3,084.6
Equity ratio % 51.9 50.6 45.3 51.4 50.9
Net debt as of 31 Dec. € million 2,399.8 1,626.2 1,037.0 827.3 610.8
Net debt/EBITDA x 2.3 1.8 1.1 0.8 0.5
Working capital € million 945.9 786.1 844.9 1,025.7 840.9
Return on Capital Employed (ROCE) % 12.5 12.7 15.2 19.9 25.2
Employees
Employees as of 31 Dec. 5 number 14,383 14,295 14,421 14,362 14,338
Average number of employees 5 number 14,276 14,295 14,348 14,336 14,155
The Share
Book value per share 22.44 20.77 17.75 17.73 16,12
Dividend per share 6 1.15 0.90 0.25 1.40 1.30
Dividend yield 6 % 4.9 3.9 1.1 4.0 3.7
Closing price as of 31 Dec. XETRA, € 23.62 22.92 22.38 35.00 34.92
Market capitalisation € billion 4.5 4.4 4.3 6.7 6.7
Enterprise value as of 31 Dec. € billion 6.9 6.1 5.3 7.5 7.3
Average number of shares 7 million 191.40 191.40 191.40 191.40 191.33

1 Unless stated otherwise, information refers to the continued operations of the K+S Group. The balance sheet and therefore the key figures working capital, net indebtedness, net debt/EBITDA and book value per share include in 2011 also the discontinued operations of the nitrogen business.
2 Adjusted for the depreciation and amortisation amount not recognised in profit and loss in the context of own work capitalised.
3 Investments in or earnings-effective depreciation on property, plant and equipment, intangible assets and investment properties as well as depreciation on financial assets.
4 The adjusted key figures only include the result from operating forecast hedges of the respective reporting period reported in EBIT I. In addition, related effects on deferred and cash taxes are eliminated; tax rate for 2015: 28.7% (2014: 28.6%).
5 FTE: Full-time equivalents; part-time positions are weighted in accordance with their respective share of working hours. 
6 The figure for 2015 corresponds to the dividend proposal; the dividend yield is based on the year-end closing price.
7 Total number of shares less the average number of own shares held by K+S.