(1) Operating profit before compensation costs of share-based payments, restructuring costs, other income and expense, and goodwill impairment.
In all, contribution from operations increased 4.5% to EUR551.2 million in 2008, while the contribution margin was a slight 0.2 points lower at 17.9% of revenue. Excluding Satisloh, contribution from operations increased by 5.0% and the contribution margin was 0.1 point higher at 18.2%.
Other income and expenses from operations
Other income and expenses from operations represented a net expense of EUR36.3 million for the year (an increase of EUR13.8 million), mainly comprised of:
- Compensation costs on share-based payments (EUR24.9 million), reflecting stock option and performance share costs (EUR23.3 million) and costs related to the share price discounts on the Employee Stock Ownership Plan (EUR1.6 million). - Restructuring costs to rationalize production facilities, charges to provisions for contingencies, claims and litigation, and other expenses, for EUR11.7 million.
In 2008, operating profit (corresponding to contribution from operations plus or minus other income and expenses from operations and gains and losses on asset disposals) rose 2.0% during the year to EUR514.5 million (16.7% of revenue) from EUR504.6 million (17.3%) in 2007.
Change in operating Reported Like-for-like Changes in Currency profit in 2008 scope of effect consolidation EUR millions 9.9 34.5 8.2 (32.8) In % +2.0% +6.8% +1.6% -6.5%
Finance costs and other financial income and expenses: sharp impro
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