Annual Report 2016

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5 Autoneum Annual Report 2016 Letter to Shareholders
CHF million 2016 2015 Change
Organic
growth1
Autoneum Group
Net sales 2 152.6 100.0% 2 085.9 100.0% 3.2% 6.8%
EBITDA 278.1 12.9% 191.5 9.2% 45.2%
EBITDA adjusted2,3 245.0 11.4% 223.0 10.7% 9.8%
EBIT 204.5 9.5% 126.5 6.1% 61.7%
EBIT adjusted2,3,4 175.6 8.2% 158.0 7.6% 11.2%
Net profit 133.8 6.2% 68.7 3.3% 94.8%
Net profit adjusted2,3,4 117.0 5.4% 100.2 4.8% 16.8%
Return on net assets (RONA)5 21.5% 12.7%
Return on net assets (RONA) adjusted2,3,4,5 19.6% 17.7%
Cash flows from operating activities 194.1 111.7
Net debt at December 31 57.4 106.1
Number of employees at December 316 11 725 11 423 2.6%
BG Europe
Net sales 833.4 100.0% 833.2 100.0% – 0.8%
EBIT 58.7 7.0% 44.7 5.4%
BG North America
Net sales 1 018.7 100.0% 977.9 100.0% 4.2% 9.0%
EBIT 119.1 11.7% 91.7 9.4%
EBIT adjusted2 85.9 8.4% 91.7 9.4%
BG Asia
Net sales 210.7 100.0% 180.9 100.0% 16.5% 20.2%
EBIT 27.7 13.1% 25.0 13.8%
BG SAMEA7
Net sales 93.5 100.0% 94.3 100.0% –0.9% 17.1%
EBIT –13.4 –14.3% –12.5 –13.3%
EBIT adjusted4 –9.1 –9.8% –12.5 –13.3%
Share AUTN
Share price at December 31 in CHF 267.25 202.40 32.0%
Market capitalization at December 31 1 243.4 938.1 32.5%
Basic earnings per share in CHF 20.61 9.12 126.0%
Dividend per share in CHF8 6.50 4.50 44.4%
1 Change in local currencies, adjusted for the disposal of the UGN business in Chicago Heights (Illinois), USA.
2 Before gain from disposal of the UGN business in Chicago Heights in the amount of CHF 33.2 million (CHF 21.1 million after income taxes) in 2016.
3 Before expenses relating to the settlement with the German Federal Cartel Office in the amount of CHF 31.5 million in 2015.
4 Before impairment loss due to the intended adaptation of the South American production capacity in the amount of CHF 4.3 million in 2016.
5 Net profit before interest expenses in relation to average equity plus interest-bearing liabilities.
6 Full-time equivalents including temporary employees (excluding apprentices).
7 Including South America, Middle East and Africa.
8 As proposed by the Board of Directors and subject to the approval of the Annual General Meeting.
Financial highlights