DEUTZ Group: Key figures

€ million      
  2018 2017 6) Change (%)
New orders 1,952.6 1,556.5 25.4
Unit sales (units) 214,776 161,646 32.9
Revenue 1,778.8 1,479.1 20.3
EBITDA 161.4 237.3 –32.0
EBITDA (before exceptional items) 161.4 133.2 21.2
EBIT 82.0 143.8 –43.0
EBIT (before exceptional items) 82.0 39.7 106.5
EBIT margin (%) 4.6 9.7
EBIT margin (before exceptional items, %) 4.6 2.7
Net income 69.9 118.5 –41.0
Net income (before exceptional items) 69.9 33.0 111.8
Earnings per share (€) 0.58 0.98 –40.8
Earnings per share (before exceptional items, €) 0.58 0.27 114.8
Dividend per share (€) 0.15 0.15 0.0
Total assets 1,249.3 1,198.2 4.3
Non-current assets 506.2 519.3 –2.5
Equity 619.1 584.3 6.0
Equity ratio (%) 49.6 48.8
Cash flow from operating activities 97.5 112.7 –13.5
Free cash flow 1) 14.5 82.5 –82.4
Net financial position 2) 93.7 98.2 –4.6
Working capital 3) 276.2 222.2 24.3
Working capital ratio 4) (average, %) 15.8 13.4
Capital expenditure (after deducting grants) 5) 59.1 54.7 8.0
Depreciation and amortisation 79.4 93.5 –15.1
Research and development (after deducting grants) 85.0 67.0 26.9
thereof capitalised 21.0 17.5 20.0
Employees (number at 31 Dec) 4,645 4,154 11.8
1) Free cash flow: cash flow from operating and investing activities less interest expense.
2) Net financial position: cash and cash equivalents less current and non-current interest-bearing financial debt.
3) Working capital: inventories plus trade receivables less trade payables.
4) Working capital ratio (average, %): average working capital at the four quarterly reporting dates divided by revenue for the previous twelve months.
5) Capital expenditure: capital expenditure on property, plant and equipment and intangible assets, excluding capitalisation of R&D.
6) Adjusted as a result of the write-downs on the DEUTZ Dalian joint venture. See in the notes to the consolidated financial statements for further details.