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Key Figures

The fiscal year is the calendar year.

Since fiscal year 1999 the financial statements are drawn up in € (euros).

    

Bayer Group

2008

2009

Change

 

€ million

€ million

in %

Sales

32,918

31,168

-5.3

EBITDA1

6,266

5,815

-7.2

EBITDA before special items

6,931

6,472

-6.6

EBITDA margin before special items

21.1%

20.8%

 

EBIT2

3,544

3,006

-15.2

EBIT before special items

4,342

3,772

-13.1

Income before income taxes

2,356

1,870

-20.6

Net income

1,719

1,359

-20.9

Earnings per share (€)3

2.22

1.70

-23.4

Core earnings per share (€)4

4.17

3.64

-12.7

Gross cash flow5

5,295

4,658

-12.0

Net cash flow6

3,608

5,375

49.0

Net financial debt

14,152

9,691

-31.5

Capital expenditures as per segment table

1,982

1,669

-15.8

Research and development expenses

2,653

2,746

3.5

Dividend per share (€)

1.40

1.40

0.0

    

Bayer HealthCare

2008

2009

Change

 

€ million

€ million

in %

External sales

15,407

15,988

3.8

EBITDA1

3,692

4,148

12.4

EBITDA before special items

4,157

4,468

7.5

EBITDA margin before special items

27.0%

27.9%

 

EBIT2

2,181

2,640

21.0

EBIT before special items

2,764

3,012

9.0

Gross cash flow5

3,045

3,153

3.5

Net cash flow6

2,259

3,431

51.9

    

Bayer CropScience

2008

2009

Change

 

€ million

€ million

in %

External sales

6,382

6,510

2.0

EBITDA1

1,450

1,311

-9.6

EBITDA before special items

1,603

1,508

-5.9

EBITDA margin before special items

25,1%

23.2%

 

EBIT2

918

798

-13.1

EBIT before special items

1,084

1,017

-6.2

Gross cash flow5

1,192

1,043

-12.5

Net cash flow6

736

745

1.2

    

Bayer MaterialScience

2008

2009

Change

 

€ million

€ million

in %

External sales

9,738

7,520

-22.8

EBITDA1

1,041

341

-67.2

EBITDA before special items

1,088

446

-59

EBITDA margin before special items

11.2%

5.9%

 

EBIT2

537

-266

 

EBIT before special items

586

-126

 

Gross cash flow5

850

319

-62.5

Net cash flow6

782

849

8.6

1 EBITDA: EBIT plus amortization of intangible assets and depreciation of property, plant and equipment. EBITDA, EBITDA before special items and EBITDA margin are not defined in the International Financial Reporting Standards and should therefore be regarded only as supplementary information. The company considers underlying EBITDA to be a more suitable indicator of operating performance since it is not affected by depreciation, amortization, write-downs/write-backs or special items. The company also believes that this indicator gives readers a clearer picture of the results of operations and ensures greater comparability of data over time. The underlying EBITDA margin is calculated by dividing underlying EBITDA by sales. See also Annual Report 2009 Chapter “Calculation of EBIT(DA) Before Special Items”.
2 EBIT as shown in the income statement
3 Earnings per share as defined in IAS 33 = net income divided by the average number of shares. For details see Annual Report 2009 Note [16] to the consolidated financial statements. 
4 Core earnings per share is not defined in the International Financial Reporting Standards. The company believes that this indicator gives readers a clearer picture of the results of operations and ensures greater comparability of data over time. The calculation of core earnings per share is explained in Annual Report 2009 Chapter "Core Earnings Per Share".
5 Gross cash flow = income from continuing operations after taxes, plus income taxes, plus non-operating result, minus income taxes paid or accrued, plus depreciation, amortization and write-downs, minus write-backs, plus/minus changes in pension provisions, minus gains/plus losses on retirements of noncurrent assets, plus non-cash effects of the remeasurement of acquired assets. The change in pension provisions includes the elimination of non-cash components of the operating result. It also contains benefit payments during the year. See also Annual Report 2009 Chapter “Liquidity and Capital Expenditures of the Bayer Group.”.
6 Net cash flow = cash flow from operating activities according to IAS 7

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Below we offer Group Key Figures of the previous years for download purposes: 

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