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Annual report 11/12

Highlights 2011/12

  • Revenue EUR 699 million, organic growth 11% compared to 2010/11
  • EBIT EUR 185 million, up 16% compared to 2010/11
  • Free cash flow EUR 113 million, up 8% compared to 2010/11 when excluding divested operations
  • Organic revenue growth 8% (11% adjusted for changes in sales prices to reflect changes in raw material prices for carmine)
  • EBIT margin 26.5%, up from 25% in 2010/11
  • Cash conversion 72%


Please see Annual Report for further details