Earnings position
Multi-period overview of earnings position1)
| Figures in € million | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|
| EBIT margin | 18.9 | 15.4 | 6.7 | 28.0 | 8.5 |
| EBITDA margin | 23.6 | 20.6 | 11.5 | 31.0 | 12.4 |
| Return on revenues 2) | 13.1 | 9.8 | 2.6 | 20.4 | 5.2 |
| Return on equity after taxes 2),3) | 20.2 | 18.7 | 8.4 | 68.6 | 16.1 |
| Return on total investment 2),3) | 16.4 | 14.7 | 6.9 | 44.9 | 11.0 |
| Return on Capital Employed (ROCE) 4) | 27.5 | 22.0 | 9.3 | 64.0 | 15.5 |
1) Unless stated otherwise, information for the years 2011 and 2010 refers to the continued operations of the K+S Group. Due to its disposal, the COMPO business is in accordance with IFRS disclosed as “discontinued operation”. The income statement and the cash flow statement of the previous year were adjusted accordingly, while the balance sheet and therefore the key figures working capital, net indebtedness and book value per share of 2010 were not adjusted and also include the discontinued operations.
2) The adjusted key figures only include the result from operating forecast hedges of the respective reporting period reported in EBIT I, which eliminates effects from changes in the market value of the hedges (see also ‘Notes to the income statement and the statement of comprehensive income’ on page 180 in the Financial Report 2011). Related effects on deferred and cash taxes are also eliminated; tax rate for 2011: 28.4% (2010: 28.2%).
3) Information for the years 2011 und 2010 refers to the continued operations of the K+S Group.
4) Information for the years 2011 and 2010 refers to the continued operations of the K+S Group. Taking into account the discontinued
operation of COMPO, ROCE in 2011 amounts to 24.1% (2010: 20.9%).
