Investor Relations

Investment
Proposition

Key Figures

Annual

    IFRS 15   IAS 18   IAS 18    
  Group results (in € m)  2017   2017   2016   y-on-y % 
  Adjusted revenues 1)  6,371   6,500   6,780  -4.1%  
  Opex (excl. D&A)  4,171   4,192   4,377  -4.4%  
  Adjusted EBITDA 1)  2,309   2,417   2,428  -0.5%  
  Profit after period  390   485   370  31%  

1) Adjusted revenues and adjusted EBITDA are derived from revenues (including other income) and EBITDA, respectively, and are adjusted for the impact of restructuring costs and incidentals

Cashflow

    IFRS 15   IAS 18   IAS 18    
  Group cash flow (in € m)  2017   2017   2016   y-on-y % 
  Net cash flow from continuing operating activities  1,952   1,952   1,924   1.5% 
  Capex 2)  1,139   1,139   1,193   -4.5% 
  Proceeds from real estate  2   2   10   -80% 
  Free cash flow from continuing operations 3)  815   815   741   10% 

2) Including property, plant & equipment and software
3) Defined as cash flow from operating activities, plus proceeds from real estate

Fte

 FTEs  2017   2016   y-on-y %  
 Own personnel  13,275   13,530   -1.9%  

Profile

  Group financial profile (in € bn, unless stated otherwise)  2017   2016 
  Gross debt 4)  7.23   8.08 
  Net cash 5)  0.85   1.18 
  Net debt 6)  6.05   6.76 
  Net debt / EBITDA 7)  2.5x   2.8x 

4) G4 Gross debt defined as the nominal value of interest bearing financial liabilities, excluding derivatives and related collateral, representing the net repayment obligations in Euro, taking into account 50% of the nominal value of the hybrid capital instruments
5) Including short-term investments
6) Net repayment obligations in Euro, taking into account 50% of the nominal value of the hybrid capital instruments, less net cash and short-term investments
7) EEBITDA based on 12 months rolling total excluding restructuring costs, incidentals and major changes in the composition of the Group (acquisitions and disposals)

Share

  Share info  2017   2016   y-on-y % 
  EPS from continuing operations (fully-diluted) 8), 9)  0.10   0.07   42.9% 
  Dividend per share  0.13   0.13   0% 

8) Defined as profit after taxes per ordinary share / ADS on a non-diluted basis (in €)