BUSINESS AREAS

GRAPHITE MATERIALS & SYSTEMS (GМS)

Key Figures 2017 2016 Change
Sales revenue €m 510.2 444.1 14.9%
EBITDA before non-recurring charges 1) €m 70.8 49.8 42.2%
Operating profit/loss (EBIT) before
non-recurring charges 1)
€m 47.8 27.8 71.9%
Operating profit/loss (EBIT) €m 50.1 26.2 91.2%
Return on sales (EBIT-margin) 2) % 9.4% 6.3% -
Payments to purchase intangible assets and
property, plant and equipment
€m 29.1 15.0 94.0%
Cash Generation 1) 3) €m 26.1 39.0 - 33.1%
Depreciation/amortization expense €m 23.0 22.0 4.5%
Return on capital employed (ROCE EBITDA) 1) 4) % 18.0% 12.7% -
Headcount (year end) 2,558 2,496 2.5%

1) Non-recurring effects of €2.3 million in 2017 and minus €1.6 million in 2016

2)) EBIT before non-recurring charges to sales revenue

3) EBITDA less payments to purchase intangible assets and property, plant and equipment as well as changes in working capital

4) EBITDA before non-recurring charges to average capital employed (total of goodwill, other intangible assets, property, plant and equipment, investments accounted for At-Equity and working capital)

COMPOSITES - FIBERS & MATERIALS (CFM)

Key Figures 2017 2016 Change
Sales revenue €m 331.9 317.4 4.6%
EBITDA before
non-recurring charges 1)
€m 44.2 41.3 7.0%
Operating profit/loss (EBIT) before
non-recurring charges 1)
€m 22.7 20.1 12.9%
Operating profit/loss (EBIT) €m 23.1 31.8 - 27.4%
Return on sales (EBIT-margin) 2) % 6.8% 6.3% -
Payments to purchase intangible assets and
property, plant and equipment
€m 11.7 10.8 8.3%
Cash Generation 1) 3) €m 0.7 13.3 - 94.7%
Depreciation/amortization expense €m 21.5 21.2 1.4%
Return on capital employed (ROCE EBITDA) 1) 4) % 11.3% 10.9% +0.4%-points
Headcount (year end) 1,404 1,183 18.7%

1) Non-recurring charges include reversal of impairment of €0.4 million and €12,8 million in 2017 and 2016, respectively as well as restructuring expenses of €1.1 million in 2016

2) EBIT before non-recurring charges to sales revenue

3) EBITDA less payments to purchase intangible assets and property, plant and equipment as well as changes in working capital

4) EBITDA before non-recurring charges to average capital employed (total of goodwill, other intangible assets, property, plant and equipment, investments accounted for At-Equity and working capital)

CORPORATE

Key Figures 2017 2016 Change
Sales revenue €m 18.0 8.3 >100%
EBITDA before non-recurring charges  1) €m - 24.3 - 21.2 - 14.6%
Operating profit/loss (EBIT) before
non-recurring charges 1)
€m - 30.4 - 27.2 - 11.8%
Operating profit/loss (EBIT) €m - 24.2 - 34.3 29.4%
Headcount (year end) 231 263 - 12.2%

1) Non-recurring effects of €6.2 million and minus €7.1 million in 2017 and 2016, respectively