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Annual Report Rheinmetall Ag

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Annual Report Rheinmetall Ag Annual Report Rheinmetall ag 2012 Rheinmetall in figures Rheinmetall Group indicators 2008 2009 2010 2011 2012 Sales million 3,869 3,420 3,989 4,454 4,704 Order intake million 3,780 4,649 3,974 4,189 5,311 Order backlog (Dec. 31) million 3,683 4,940 5,136 4,950 5,405 EBITDA million 411 180 464 538 495 EBIT million 245 15 297 354 301 EBT million 193 (46) 229 295 239 Net income million 142 (52) 174 225 190 Cash flow million 308 120 344 402 372 Capital expenditures million 200 145 189 207 238 Amortization/depreciation/impairment million 166 165 167 184 194 Total equity million 1,080 1,134 1,355 1,546 1,461 Total assets million 3,612 3,835 4,460 4,832 4,899 EBIT margin in % 6.3 0.4 7.4 7.9 6.4 ROCE in % 12.5 0.8 14.6 14.9 11.7 Stock price, annual high 53.81 44.74 60.17 66.46 47.23 Stock price, annual closing 22.90 44.74 60.17 34.24 36.40 Stock price, annual low 16.82 20.41 42.50 30.35 31.36 Earnings per share (EpS) 4.09 (1.60) 4.23 5.55 5.00 Dividend per share 1.30 0.30 1.50 1.80 1.80 Employees (Dec. 31) according to capacity 21,020 19,766 19,979 21,516 21,767 Rheinmetall stock price trend in comparison to DAX and MDAX An overview of the Rheinmetall Group North America South America Europe Canada Brazil Austria Italy Mexico Czech Republic Netherlands USA France Norway Germany Sweden Great Britain Switzerland Greece Spain Defence Combat Systems Combat Platforms Infantry Protection Systems Propulsion Systems Combat International Electronic Solutions Air Defence Systems Defence Electronics Electro-Optics Simulation and Training Wheeled Vehicles Logistic Vehicles Tactical Vehicles Customer Service Automotive Hardparts Pistons Aluminum-Technology Plain Bearings Large-Bore Pistons Mechatronics Pierburg Pierburg Pump Technology Africa Asia Australia Motorservice Italy South Africa China International Netherlands India Domestic Norway Japan Sweden Malaysia Switzerland Singapore Spain UAE Contents Report of the Supervisory Board .................................................................................................................................................................................................................. 2 Summarized management report for 2012 .......................................................................................................................................................................... 8 Rheinmetall on the capital markets ........................................................................................................................................................................................................................ 8 General economic conditions ............................................................................................................................................................................................................................................. 12 Rheinmetall Group business trend ........................................................................................................................................................................................................................ 15 Defence sector ........................................................................................................................................................................................................................................................................................... 21 Automotive sector ........................................................................................................................................................................................................................................................................... 26 Financing ............................................................................................................................................................................................................................................................................................................... 29 Capital expenditure ...................................................................................................................................................................................................................................................................... 31 Research and development .................................................................................................................................................................................................................................... 33 Employees .......................................................................................................................................................................................................................................................................................................... 40 Rheinmetall Aktiengesellschaft .................................................................................................................................................................................................................................... 45 Corporate Social Responsibility .................................................................................................................................................................................................................................. 48 Board remuneration report ........................................................................................................................................................................................................................................................ 51 Declaration of corporate governance .............................................................................................................................................................................................................. 55 Corporate compliance ........................................................................................................................................................................................................................................................................... 63 Statutory disclosures in accordance with Sections 289 (4) and 315 (4) HGB and explanatory report .......................................................................................................................................................................................................................................................................................... 68 Risk report and report in accordance with Sections 289 (5) and 315 (2) No. 5 HGB .................. 71 Prospects ............................................................................................................................................................................................................................................................................................................................... 83 Report on post-balance sheet date events ..................................................................................................................................................................................... 86 Consolidated financial statements 2012 ........................................................................................................................................................................... 89 Consolidated balance sheet ................................................................................................................................................................................................................................................ 90 Consolidated income statement ............................................................................................................................................................................................................................... 92 Consolidated cash flow statement ....................................................................................................................................................................................................................... 94 Statement of changes in equity .................................................................................................................................................................................................................................... 95 Notes to the consolidated financial statements ............................................................................................................................................................... 96 List of shareholdings ............................................................................................................................................................................................................................................................................ 150 Responsibility statement ............................................................................................................................................................................................................................................... 155 Auditor’s report and opinion .......................................................................................................................................................................................................................... 156 Additional information
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