| Results in millions of euro |
2007 |
2006 |
| |
|
|
| Office Products North America |
105 |
166 |
| Office Products Europe |
40 |
18 |
| Office Products Australia |
65 |
60 |
| Printing Systems |
32 |
24 |
| Holdings |
-10 |
-4 |
| Operating result, excluding special items |
231 |
262 |
| Special items |
-30 |
-40 |
| Operating result |
201 |
223 |
| Net financing costs |
-115 |
-96 |
| Profit tax |
3 |
-10 |
| Other financial results |
-17 |
-12 |
| Net result, continuing operations |
72 |
105 |
| Net result, discontinued operations |
106 |
18 |
| Net result total Group |
178 |
123 |
| |
|
|
| Cash flow in millions of euro |
2007 |
2006 |
| |
|
|
| Cash flow from operational activities, continuing operations |
227 |
188 |
| Cash flow from operational activities, discontinued operations |
-5 |
45 |
| Cash flow from operational activities, total Group |
223 |
232 |
|
|
|
| |
|
|
| Cash flow from investing activities, continuing operations |
121 |
-376 |
| Cash flow from investing activities, discontinuted operations |
-4 |
-5 |
| Cash flow from investing activities, total Group |
117 |
-381 |
|
|
|
| |
|
|
| Cash flow from financing activities, continuing operations |
-365 |
103 |
| Cash flow from financing activities, discontinued operations |
0 |
0 |
| Cash flow from financing activities, total Group |
-365 |
103 |
| |
|
|
|
|
|
| Net cash flow (change in current financing) |
-24 |
-45 |
| |
|
|
| Balance sheet in millions of euro |
2007 |
2006 |
| |
|
|
| Total assets excluding goodwill |
2,379 |
2,647 |
| Total assets including goodwill |
3,799 |
4,178 |
| Capital employed before goodwill |
936 |
960 |
| Capital employed after goodwill |
2,356 |
2,491 |
| Shareholders' equity |
1,543 |
1,463 |
| Total equity |
1,583 |
1,527 |
| Interest-bearing debt |
1,097 |
1,294 |
| |
|
|
| Financial ratios |
2007 |
2006 |
| |
|
|
| Group equity as a percentage of total assets |
42% |
37% |
| Net interest-bearing debt as a percentage of Group equity |
69% |
85% |
| EBITDA/cash interest |
3.7 |
4.5 |
|
|
|
|
|
|
| |
|
|
| Net sales per Division in millions of euro |
2007 |
2006 |
| |
|
|
| Office Products North America |
2,967 |
3,187 |
| Office Products Europe |
1,289 |
1,002 |
| Office Products Australia |
796 |
743 |
| Printing Systems |
578 |
565 |
| Corporate Express, continuing operations |
5,631 |
5,497 |
| |
|
|
| Return on sales (ROS) |
2007 |
2006 |
| operating result excluding special items, as a % of net sales |
|
|
| |
|
|
| Office Products North America |
3.5% |
5.2% |
| Office Products Europe |
3.1% |
1.8% |
| Office Products Australia |
8.1% |
8.0% |
| Printing Systems |
5.5% |
4.2% |
| Corporate |
-0.2% |
-0.1% |
| Corporate Express, continuing operations |
4.1% |
4.8% |
| |
|
|
| Return on capital employed (ROCE) |
2007 |
2006 |
| operating result excluding special imtes as a % of average capital employed |
|
|
| |
|
|
| Office Products North America |
19.5% |
29.5% |
| Office Products Europe |
26.0% |
13.7% |
| Office Products Australia |
81.8% |
86.6% |
| Printing Systems |
36.3% |
26.8% |
| Corporate Express excluding goodwill, continuing operations |
25.4% |
29.7% |
| Corporate Express including goodwill, continuing operations |
8.0% |
9.3% |
| |
|
|
| Number of employees |
2007 |
2006 |
| |
|
|
| Office Products North America |
10,071 |
10,015 |
| Office Products Europe |
3,962 |
3,806 |
| Office Products Australia |
2,537 |
2,524 |
| Printing Systems |
1,256 |
1,515 |
| Corporate |
74 |
68 |
| Corporate Express |
17,900 |
17,927 |