Group Management Report Products Safety Environment Human Resources Social Commitment Consolidated Financial Statements 57
Earnings before interest and taxes (EBIT) reached € 328.7 mil-
lion, thus surpassing the previous year’s level (€ 251.3 million).
The financial result was € - 8.6 million (previous year
€ -10.7 million). The main reason for the improvement was
interest income achieved in the context of tax refunds.
Compared to the previous year, this effect could overcompensate
for negative exchange-rate effects and other burdens.
The balance of interest income from financial investments
and interest expenses from loans and pension obligations
reached the previous year’s level. On the other hand, the income
from associated companies of € -12.9 million in the
previous year worsened to € - 20.3 million in 2016. This de-
cline is due to the fact that the Israeli company Landa Corp.
Multi-period overview of the earnings situation
Sales (in € million )
posted a higher loss for the year. The company’s 2016 fis-
cal year was burdened by higher expenses for the preparation
of a broad market introduction of new products.
Earnings before taxes (EBT) rose to € 299.8 million
(previous year: € 227.8 million), and net income (EAT) to
€ 210.1 million (previous year: € 158.0 million).
2012 1,705
2013 1,765
2014 1,952
2015 2,059
2016 2,075
EBITDA (in € million )
2012 323
2013 336
2014 397
2015 391
2016 453