Annual Report 2015

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5 Autoneum Annual Report 2015 Letter to shareholders
CHF million 2015 2014 Change
Organic
growth1
Autoneum Group
Net sales 2 085.9 100.0% 1 954.7 100.0% 6.7% 10.6%
EBITDA 191.5 9.2% 201.6 10.3% –5.0%
EBITDA adjusted2 223.0 10.7% 201.6 10.3% 10.6%
EBIT 126.5 6.1% 135.1 6.9% –6.4%
EBIT adjusted2 158.0 7.6% 135.1 6.9% 16.9%
Net profit 68.7 3.3% 102.8 5.3% –33.2%
Net profit adjusted2 100.2 4.8% 102.8 5.3% –2.5%
Return on net assets in % (RONA)3 12.7% 20.3%
Return on net assets in % (RONA) adjusted2,3 17.7% 20.3%
Operating cash flow 111.7 138.2
Operating cash flow adjusted2 143.2 138.2
Investments in tangible
and intangible assets 120.7 5.8% 101.9 5.2%
Net debt at December 31 105.4 53.9
Employees at December 314 11 423 10 681 6.9%
BG Europe
Net sales 833.2 100.0% 803.3 100.0% 3.7% 13.1%
EBIT 44.7 5.4% 31.7 3.9%
BG North America
Net sales 977.9 100.0% 882.7 100.0% 10.8% 8.8%
EBIT 91.7 9.4% 75.1 8.5%
BG Asia
Net sales 180.9 100.0% 145.3 100.0% 24.5% 20.6%
EBIT 25.0 13.8% 19.9 13.7%
BG SAMEA5
Net sales 94.3 100.0% 123.9 100.0% –23.9% –5.7%
EBIT –12.5 –13.3% 1.5 1.2%
Share AUTN
Share price at December 31 in CHF 202.40 169.50 19.4%
Market capitalization at December 31 938.1 783.0 19.8%
Basic earnings per share in CHF 9.12 17.03 –46.4%
Dividend per share in CHF6 4.50 4.50
1 Change in local currencies.
2 EBITDA, EBIT, Net profit, RONA and Operating cash flow are disclosed before expenses in relation to the settlement with the German Federal Cartel Office
in the amount of CHF 31.5 million in 2015.
3 Net profit before interest expenses in relation to average equity plus interest bearing liabilities.
4 Full-time equivalents including temporary employees but excluding apprentices.
5 Including South America, Middle East and Africa.
6 As proposed by the Board of Directors and subject to the approval of the Annual General Meeting.
Financial highlights