MAN SE Annual Report 2016
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List of Vehicle Owners Clubs
V765/1 List of Vehicle Owners Clubs N.B. The information contained in this booklet was correct at the time of going to print. The most up to date version is available on the internet website: www.gov.uk/vehicle-registration/old-vehicles 8/21 V765 scheme How to register your vehicle under its original registration number: a. Applications must be submitted on form V765 and signed by the keeper of the vehicle agreeing to the terms and conditions of the V765 scheme. A V55/5 should also be filled in and a recent photograph of the vehicle confirming it as a complete entity must be included. A FEE IS NOT APPLICABLE as the vehicle is being re-registered and is not applying for first registration. b. The application must have a V765 form signed, stamped and approved by the relevant vehicle owners/enthusiasts club (for their make/type), shown on the ‘List of Vehicle Owners Clubs’ (V765/1). The club may charge a fee to process the application. c. Evidence MUST be presented with the application to link the registration number to the vehicle. Acceptable forms of evidence include:- • The original old style logbook (RF60/VE60). • Archive/Library records displaying the registration number and the chassis number authorised by the archivist clearly defining where the material was taken from. • Other pre 1983 documentary evidence linking the chassis and the registration number to the vehicle. If successful, this registration number will be allocated on a non-transferable basis. How to tax the vehicle If your application is successful, on receipt of your V5C you should apply to tax at the Post Office® in the usual way. -
Separate Financial Statements Fiscal Year 2019
201Separate financial9 statements PPorscheorsche TaycanTaycan TurboTurbo S 3 Content Group management report and management report of Porsche Automobil Holding SE 6 Fundamental information about the group 10 Report on economic position 12 Significant events and developments at the Porsche SE Group 12 Significant events and developments at the Volkswagen Group 20 Business development 24 Results of operations, financial position and net assets 31 Porsche Automobil Holding SE (financial statements pursuant to the German Commercial Code) 37 Sustainable value enhancement in the Porsche SE Group 41 Overall statement on the economic situation of Porsche SE and the Porsche SE Group 43 Remuneration report 44 Opportunities and risks of future development 52 Publication of the declaration of compliance and corporate governance report 78 Subsequent events 79 Forecast report and outlook 80 Glossary 85 4 Financials 86 Balance sheet of Porsche Automobil Holding SE 90 Income statement of Porsche Automobil Holding SE 91 Notes to the consolidated fi nancial statements 92 Independent auditor’s report 212 Responsibility statement 220 5 VVolkswagenolkswagen IID.3D.3 6 1 Group management report and management report of Porsche Automobil Holding SE 7 8 Group management report and management report of Porsche Automobil Holding SE 6 Fundamental information about the group 10 Report on economic position 12 Significant events and developments at the Porsche SE Group 12 Significant events and developments at the Volkswagen Group 20 Business development 24 Results -
MTU-Museum Triebwerksgeschichte – Gestern, Heute Und Morgen MTU Museum 07 2009 01.Qxd 27.08.2009 13:47 Uhr Seite 4
MTU_Museum_07_2009_01.qxd 27.08.2009 13:47 Uhr Seite 3 MTU-Museum Triebwerksgeschichte – gestern, heute und morgen MTU_Museum_07_2009_01.qxd 27.08.2009 13:47 Uhr Seite 4 Inhaltsverzeichnis Vorwort 3 Unternehmen mit Tradition und Zukunft 4 Bewegte Geschichte 5 GP7000 – Antrieb für den Mega-Airbus 8 PW6000 – Antrieb des kleinen Airbus A318 8 EJ200 – Schub für den Eurofighter 9 PW4000 – Triebwerk der Boeing B777-200 10 MTR390 – Triebwerk des Tigers 10 V2500 – Antrieb für den Airbus A320 11 PW500 – Antrieb für Geschäftsreiseflugzeuge 12 RR250-C20 – Antrieb für Hubschrauber 12 RB199 – Antrieb des Tornado 13 CF6 – Power für Großraumflugzeuge 14 Lycoming GO-480-B1A6 – Lizenzfertigung bei BMW 15 MTU7042 – Erprobung einer LKW-Gasturbine 15 T64-MTU-7 – Lizenzbau in Deutschland 16 RB145R – Antrieb des VJ101C 16 RB193-12 – Antrieb für Senkrechtstarter 17 RB153 – Antrieb des VJ101E 17 J79 – Triebwerk des Starfighters 18 Tyne – Antrieb der Transall 19 BMW 6022 – Antrieb für den Bo105 19 DB 720 – Daimler-Nachkriegsära beginnt 20 BMW 801 – erster deutscher Doppelsternmotor 20 BMW 114 – Diesel-Flugmotor 21 BMW 003E – Schub für den Volksjäger 22 Riedel-Anlasser – Starter für Strahltriebwerke 23 BRAMO 323 R-1 „Fafnir“ – erfolgreichster BRAMO-Flugmotor 23 Daimler-Benz DB 605 – der „kleine“ Mercedes-Benz-Flugmotor 24 BMW 132 – Nachfolger des Hornet-Motors 25 Sh14A – erfolgreichster Siemens-Flugmotor 26 BMW VI – Erfolgsmotor der 1920er-Jahre 26 Daimler-Benz F4A – Vorläufer der DB 600-Familie 27 Daimler D IIIa – Ära der Kolbenflugmotoren beginnt 27 Exponate 28 Chirurg der Motoren 31 2 MTU_Museum_07_2009_01.qxd 27.08.2009 13:47 Uhr Seite 5 Vorwort Die Museumswelt wird nicht nur von großen Ausstellungen und Kunstgalerien jeder Couleur geprägt, sondern auch von technischen Samm- lungen, wie etwa dem Deutschen Museum in München. -
Volkswagen AG Annual Report 2009
Driving ideas. !..5!,2%0/24 Key Figures MFCBJN8><E>IFLG )''0 )''/ Mfcld\;XkX( M\_`Zc\jXc\jle`kj -#*'0#.+* -#).(#.)+ "'%- Gif[lZk`fele`kj -#',+#/)0 -#*+-#,(, Æ+%- <dgcfp\\jXk;\Z%*( *-/#,'' *-0#0)/ Æ'%+ )''0 )''/ =`eXeZ`Xc;XkX@=IJj #d`cc`fe JXc\ji\m\el\ (',#(/. ((*#/'/ Æ.%- Fg\iXk`e^gif]`k (#/,, -#*** Æ.'%. Gif]`kY\]fi\kXo (#)-( -#-'/ Æ/'%0 Gif]`kX]k\ikXo 0(( +#-// Æ/'%- Gif]`kXkki`YlkXYc\kfj_Xi\_fc[\ijf]MfcbjnX^\e8> 0-' +#.,* Æ.0%/ :Xj_]cfnj]ifdfg\iXk`e^XZk`m`k`\j)()#.+( )#.') o :Xj_]cfnj]ifd`em\jk`e^XZk`m`k`\j)('#+)/ ((#-(* Æ('%) 8lkfdfk`m\;`m`j`fe* <9@K;8+ /#'', ()#('/ Æ**%0 :Xj_]cfnj]ifdfg\iXk`e^XZk`m`k`\j) ()#/(, /#/'' "+,%- :Xj_]cfnj]ifd`em\jk`e^XZk`m`k`\j)#,('#),) ((#+.0 Æ('%. f]n_`Z_1`em\jkd\ekj`egifg\ikp#gcXekXe[\hl`gd\ek),#./* -#..* Æ(+%- XjXg\iZ\ekX^\f]jXc\ji\m\el\ -%) -%- ZXg`kXc`q\[[\m\cfgd\ekZfjkj (#0+/ )#)(- Æ()%( XjXg\iZ\ekX^\f]jXc\ji\m\el\ )%( )%) E\kZXj_]cfn )#,-* Æ)#-.0 o E\kc`hl`[`kpXk;\Z%*( ('#-*- /#'*0 "*)%* )''0 )''/ I\klieiXk`fj`e I\kliefejXc\jY\]fi\kXo (%) ,%/ I\kliefe`em\jkd\ekX]k\ikXo8lkfdfk`m\;`m`j`fe *%/ ('%0 I\kliefe\hl`kpY\]fi\kXo=`eXeZ`XcJ\im`Z\j;`m`j`fe -.%0 ()%( ( @eZcl[`e^mfcld\[XkX]fik_\m\_`Zc\$gif[lZk`fe`em\jkd\ekjJ_Xe^_X`$MfcbjnX^\e8lkfdfk`m\:fdgXepCk[% Xe[=8N$MfcbjnX^\e8lkfdfk`m\:fdgXepCk[%#n_`Z_Xi\XZZflek\[]filj`e^k_\\hl`kpd\k_f[% ) )''/X[aljk\[% * @eZcl[`e^XccfZXk`fef]Zfejfc`[Xk`feX[aljkd\ekjY\kn\\ek_\8lkfdfk`m\Xe[=`eXeZ`XcJ\im`Z\j[`m`j`fej% + Fg\iXk`e^gif]`kgclje\k[\gi\Z`Xk`fe&Xdfik`qXk`feXe[`dgX`id\ekcfjj\j&i\m\ijXcjf]`dgX`id\ekcfjj\jfegifg\ikp#gcXekXe[\hl`gd\ek# ZXg`kXc`q\[[\m\cfgd\ekZfjkj#c\Xj`e^Xe[i\ekXcXjj\kj#^ff[n`ccXe[]`eXeZ`XcXjj\kjXji\gfik\[`ek_\ZXj_]cfnjkXk\d\ek% , <oZcl[`e^XZhl`j`k`feXe[[`jgfjXcf]\hl`kp`em\jkd\ekj1Ñ.#,/,d`cc`feÑ/#/.0d`cc`fe % - Gif]`kY\]fi\kXoXjXg\iZ\ekX^\f]Xm\iX^\\hl`kp% . -
Annual Report 2014
Annual Report 2014. Landesbank Baden-Württemberg Key figures of the LBBW Group. 1) Income statement (EUR million) 1 Jan. – 31 Dec. 2014 1 Jan. – 31 Dec. 2013 Net interest income 1 878 1 773 Allowances for losses on loans and advances – 104 – 314 Net fee and commission income 518 545 Net gains/losses from financial instruments measured at fair value through profit or loss – 120 369 Net gains/losses from financial investments, net income/expenses from investments accounted for using the equity method and from profit/loss 263 16 transfer agreements Other operating income/expenses2) 101 113 Total operating income/expenses (after allowances for losses on loans and advances) 2 536 2 502 Administrative expenses – 1 853 – 1 774 Operating result 683 728 Guarantee commission for the State of Baden-Württemberg – 191 – 300 Impairment of goodwill – 16 – 3 Net income/expenses from restructuring 1 48 Net consolidated profit/loss before tax 477 473 Income tax – 43 – 134 Net consolidated profit/loss 434 339 Key figures in % 1 Jan. – 31 Dec. 2014 1 Jan. – 31 Dec. 2013 1) Return on equity (RoE) 3.7 3.7 Cost income ratio (CIR) 77.9 63.4 Balance sheet figures (EUR billion) 31 Dec. 2014 31 Dec. 2013 Total assets 266.2 274.6 Equity 13.2 13.4 Ratios in accordance with CRR/CRD IV (with transitional rules)3) 31 Dec. 2014 31 Dec. 2013 Risk weighted assets (EUR billion) 82.2 79.4 Common equity Tier 1 (CET 1) capital ratio (in %) 14.6 15.7 Total capital ratio (in %) 19.9 22.5 Ratios in accordance with CRR/CRD IV (Basel III after full implementation) 31 Dec. -
Traction Invitation to the 129Th Annual General
Invitation to the 129th Annual General Meeting of AUDI AG at 10.00 a.m. on May 9, 2018, at the Audi Forum Ingolstadt traction AUDI GROUP KEY FIGURES 2017 2016 Change in % Production Automotive segment Cars 1) 1,879,840 1,903,259 – 1.2 Engines 1,966,434 1,927,838 2.0 Motorcycles segment Motorcycles 56,743 56,978 – 0.4 Deliveries to customers Automotive segment Cars 2,105,084 2,088,187 0.8 Audi brand 2) Cars 1,878,105 1,867,738 0.6 Lamborghini brand Cars 3,815 3,457 10.4 Other Volkswagen Group brands Cars 223,164 216,992 2.8 Motorcycles segment Motorcycles 55,871 55,451 0.8 Ducati brand Motorcycles 55,871 55,451 0.8 Workforce Average 90,402 87,112 3.8 Revenue EUR million 60,128 59,317 1.4 Operating profit before special items EUR million 5,058 4,846 4.4 Operating profit EUR million 4,671 3,052 53.0 Profit before tax EUR million 4,783 3,047 57.0 Profit after tax EUR million 3,479 2,066 68.4 Operating return on sales before special items Percent 8.4 8.2 Operating return on sales Percent 7.8 5.1 Return on sales before tax Percent 8.0 5.1 Return on investment (ROI) Percent 14.4 10.7 Ratio of capex 3) Percent 6.4 5.7 Research and development ratio Percent 6.3 7.5 Cash flow from operating activities EUR million 6,173 7,517 – 17.9 Net cash flow 4) EUR million 4,312 2,094 105.9 Balance sheet total (Dec. -
Halbjahresfinanzbericht Zum 30. Juni 2021
Halbjahresfinanzbericht 1.1. – 30.6. 2021 Beteiligungen der Porsche SE Kerninvestment Anteil an Stammaktien: 53,3 % (Entspricht Anteil am gezeichneten Kapital: 31,4 %) Weitere Beteiligungen Minderheitsbeteiligungen Stand 30. Juni 2021 4 Inhalt Konzern-Zwischenlagebericht 7 Wesentliche Ereignisse und Entwicklungen 10 im Porsche SE Konzern Wesentliche Ereignisse und Entwicklungen 15 im Volkswagen Konzern Geschäftsverlauf 18 Erläuterungen zur Ertrags-, Finanz- und Vermögenslage 22 Chancen und Risiken der zukünftigen Entwicklung 26 Ausblick 27 Glossar 31 Verkürzter Konzern-Zwischenabschluss 33 Konzern-Gewinn- und Verlustrechnung 34 Konzern-Gesamtergebnisrechnung 35 Konzernbilanz 36 Konzern-Eigenkapitalspiegel 37 Konzern-Kapitalflussrechnung 38 Ausgewählte erläuternde Anhangangaben 39 Bescheinigung nach prüferischer Durchsicht 57 Versicherung der gesetzlichen Vertreter 58 5 6 Konzern-Zwischenlagebericht 7 8 3 1.1. – 30.6. 3 Konzern-Zwischenlagebericht2021 Die Porsche Automobil Holding SE („Porsche SE“ Die Investitionsstrategie der Porsche SE zielt auf die oder „Gesellschaft“) als oberstes Mutterunterneh- nachhaltige Wertschaffung für ihre Aktionäre. Diese men des Porsche SE Konzerns ist eine Europäische orientiert sich an der Wertsteigerung des verwalte- Aktiengesellschaft und hat ihren Firmensitz am ten Vermögens sowie an den Dividendenausschüt- Porscheplatz 1 in 70435 Stuttgart, Deutschland. tungen. Die Beteiligungen der Porsche SE werden in Zum 30. Juni 2021 beschäftigte der zwei Kategorien unterteilt. Zu der ersten Kategorie PorscheKonzern-Zwischenlagebericht SE Konzern 894 Mitarbeiter zählt die langfristige Kernbeteiligung an der Volks- (916 Mitarbeiter). wagen AG. Zu der zweiten Kategorie zählen Portfo- liobeteiligungen, die von der Porsche SE in der Die Porsche Automobil Holding SE („Porsche SE“ Die Investitionsstrategie der Porsche SE zielt auf die Die Porsche SE ist eine Holdinggesellschaft mit Regel auf Zeit gehalten werden. Solche Beteiligun- oder „Gesellschaft“) als oberstes Mutterunterneh- nachhaltige Wertschaffung für ihre Aktionäre. -
Unit 9: Corporate Recovery in Action
! Credit Skills Academy ! ! ! ! ! ! Executive Briefing Unit 9: Corporate Recovery in Action ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! 2 ! Case Study: ERF ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Senior authors: Keith Checkley FCIB, FCIBS, Chartered Banker and Keith Dickinson FCIB The authors have taken all reasonable measures to ensure the accuracy of the information contained in this topic and cannot accept responsibility or liability for errors or omissions from any information given or for any consequences arising. ! ! ! © Keith Checkley & Associates, November 2013 No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means – electronic, electrostatic, magnetic tape, mechanical, photocopying, recording or otherwise, without permission in writing from The Chartered Institute of Bankers in Scotland. ! 3 ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Welcome to the Credit Skills Academy There have been previous financial crises but this time it is the severity and global impacts that are very different from what we have seen before. Never have banks and lending bankers received greater criticism over the quality of their lending than at the present time. Media comment suggests that prudent lending principles have been disregarded in the quest in recent years for increased lending volumes and enhanced short term profitability. Analysts suggest that many of the prudential canons of lending have been overlooked and many lending bankers would benefit from a reconsideration and review of well tested and accredited lending principles. It is against this background that the Credit Skills Academy has been developed. The modules in this Academy have been prepared to allow you and your colleagues instant access via e-learning and may be accessed as individual topics in which you are interested. -
MAN GRI Report 2017 OVERVIEW
MAN GRI Report Corporate Responsibility at MAN 2017 Engineering the Future – since 1758. MAN SE 2 MAN GRI Report 2017 OVERVIEW Overview PAGE 01 PAGE 02 PAGE 05 Foreword FOREWORD PORTRAIT OUR APPROACH Portrait OF THE Our approach MAN GROUP Products Production Supply chain PAGE 09 PAGE 18 PAGE 27 PAGE 31 PAGE 44 People PRODUCTS PRODUCTION SUPPLY CHAIN PEOPLE SOCIETY AND Society and integrity INTEGRITY Annex PAGE 50 OVERVIEW OF KEY INDICATORS ANNEX GRI CONTENT INDEX AND UN GLOBAL COMPACT COMMUNICATION ON PROGRESS INDEPENDENT PRACTITIONER’S LIMITED ASSURANCE REPORT ABOUT THIS REPORT CREDITS & ADDITIONAL INFORMATION 01 MAN GRI Report 2017 Foreword Dear Readers, MAN’s business success is closely linked to global challenges and mega- needs on site. The twin 2.5 megawatt natural gas units mark a significant Overview trends. Climate change and digitalization have a direct impact on our milestone in MAN’s Climate Strategy. Foreword business model. We need to be agile if we want to shape the fundamentally Our MAN Impact Accelerator program, which we launched in 2017, changing mobility world of tomorrow. The development of alternative supports social startups in the transportation sector that are coming up Portrait drive systems and transportation and energy solutions that are fit for the with new ideas in response to global population growth and urbanization. Our approach future is at the heart of our work. We initiated the program in collaboration with the Yunus Social Business Electricity is set to be the drive technology of the future – at least Initiative launched by Nobel Peace Prize winner Muhammad Yunus. -
Universal Joints
GKN Driveline Rösrath GKN Driveline Stockholm GKN Service International GmbH GKN Driveline Service Scandinavia AB Nußbaumweg 19-21 P.O. Box 3100, Stensätravägen 9 Universal Joints D-51503 Rösrath SE-127 03 Skärholmen Fon: ++ 49 - 22 05 - 806- 0 Fon: ++ 46 8 6039700 Edition 2005 / 2006 Fax: ++ 49 - 22 05 - 806 - 204 Fax: ++ 46 8 6039701 GKN Driveline Barcelona GKN Driveline Carrières Pol. Ind Can Salvatella GKN Glenco SAS Avda. Arrahona, 54 170 rue Léonard de Vinci E-08210 Barberá del Vallés (Barcelona) F-78955 Carrières sous Poissy Almacén/Warehouse: Fon: ++ 33 1 30 06 84 00 Fon: ++ 34 93 718 40 15 Fax: ++ 33 1 30 06 84 01 Fax: ++ 34 93 729 54 14 Oficina/Office: Fon: ++ 34 93 718 64 85 GKN Driveline Minworth Fax: ++ 34 93 729 47 59 GKN Driveline Service Limited Unit 5, Kingsbury Business Park Kingsbury Road GKN Driveline Amsterdam Minworth GKN Service Benelux B.V. Birmingham Haarlemmerstraatweg 155-159 GB-B76 9DL NL-1165 MK Halfweg Fon: ++ 44 121 313 1661 Nederland Fax: ++ 44 121 313 2074 Fon: ++ 31-20-40 70 207 Fax: ++ 31-20-40 70 227 GKN Driveline Leek GKN Driveline Service Limited GKN Driveline Brussel Higher Woodcroft GKN Service Benelux B.V. Leek 410, rue Emile Pathéstraat Staffordshire B-1190 Brussel - Bruxelles GB-ST13 5QF Fon: ++ 32-2 334 9880 Fon: ++ 44 1538 384278 Fax: ++ 32-2 334 9892 Fax: ++ 44 1538 371265 ervices 07/2005 S GKN Driveline Milano GKN Driveline Wien Uni-Cardan Italia S.p.A. GKN Service Austria GmbH Via G. Ferraris, 125 Slamastraße 32 I-20021 Ospiate di Bollate (MI) Postfach 36A Fon: ++ 39 02 38338.1 A-1230 Wien Fax: ++ 39 02 33301030 Fon: ++ 43 1 616 38 80 Fax: ++ 43 1 616 38 28 Copyright: GKN Industrial & Distribution GB General Information 1. -
MAN GRI Report 2018
MAN GRI Report Corporate Responsibility at MAN 2018 Engineering the Future – since 1758. MAN SE 2 MAN 2018 GRI Report OVERVIEW Overview PAGE 01 PAGE 03 PAGE 06 Foreword FOREWORD PORTRAIT OUR APPROACH Portrait OF THE Our approach MAN GROUP Products Production Supply chain PAGE 12 PAGE 23 PAGE 32 PAGE 36 PAGE 50 People PRODUCTS PRODUCTION SUPPLY CHAIN PEOPLE SOCIETY AND Society and integrity INTEGRITY Annex PAGE 58 OVERVIEW OF KEY INDICATORS ANNEX GRI CONTENT INDEX AND UN GLOBAL COMPACT COMMUNICATION ON PROGRESS INDEPENDENT PRACTITIONER’S LIMITED ASSURANCE REPORT ABOUT THIS REPORT CREDITS AND ADDITIONAL INFORMATION 01 MAN 2018 GRI Report Foreword Dear Readers, Be it alternative drives, digitalization, or automated driving: the rapid needs of heavy goods vehicles. MAN is working hand-in-hand with policy- Overview changes in the mobility landscape are opening up new business opportu- makers, associations, and environmental organizations to create the right Foreword nities for MAN that also serve as our answers to global challenges. Our conditions for the successful transformation of the transportation sector innovative strength – which we are using to take responsibility along our so that the climate targets set out in the Paris Agreement can be met. Portrait entire value chain – will be a key factor in our success. Climate protection is another aspect that plays a central role in our Our approach In close collaboration with cities and logistics partners, we are production processes. As part of MAN’s Climate Strategy, we set ourselves bringing electric and gas-powered commercial vehicles to the road in a the goal of reducing CO₂ emissions at our sites by 25% in absolute terms, Products quest to turn low-pollutant urban mobility with as close to zero local compared with the baseline of 2008, by 2020. -
Ahead of Its Time 75 Years of MTU History
Annual Report 2008 Ahead of its time 75 years of MTU history. 100 years of aviation expertise. WorldReginfo - a6a23212-0bdc-4ce2-9f68-998dbc575eab Order backlog by segments (without consolidation) in € million Revenues by segments (without consolidation) in € million OEM MRO OEM MRO 2004 3,236.0 2,125.0 2004 1,375.6 575.9 2005 3,433.8 3,703.6 2005 1,434.8 766.9 2006 3,218.4 3,804.4 2006 1,483.1 954.7 2007 3,216.8 5,139.6 2007 1,599.5 1,004.7 2008 3,884.5 5,361.2 2008 1,642.9 1,113.0 EBITDA adjusted by segments (without consolidation) in € million Net profit in € million OEM MRO 2004 131.3 42.7 2004 0.2 2005 162.4 77.8 2005 32.8 2006 217.7 103.4 2006 89.1 2007 305.7 87.9 2007 154.1 2008 330.3 78.9 2008 179.7 WorldReginfo - a6a23212-0bdc-4ce2-9f68-998dbc575eab Selected consolidated financial information and key figures at a glance Change in € million (unless otherwise specified) 2008 - 2007 2008 2007 2006 Revenues and earnings Revenues 148.4 5.8 % 2,724.3 2,575.9 2,416.2 thereof: commercial and military engine business (OEM) 43.4 2.7 % 1,642.9 1,599.5 1,483.1 thereof: commercial maintenance business (MRO) 108.3 10.8 % 1,113.0 1,004.7 954.7 Earnings before interest, tax, depreciation and amortization (EBITDA) 15.6 4.0 % 408.5 392.9 335.6 Earnings before interest and tax (EBIT) 5.0 2.1 % 248.3 243.3 183.8 Net profit 25.6 16.6 % 179.7 154.1 89.1 Earnings (adjusted) Earnings before interest, tax, depreciation and amortization (EBITDA adjusted) 12.8 3.3 % 405.7 392.9 318.2 Earnings before interest and tax (EBIT adjusted) 18.4 5.9 % 331.0 312.6