ANNUAL REPORT 2015
THE MAHLE DNA–what drives us.
As one of the world’s 20 largest suppliers and a development partner to the automotive industry, MAHLE offers innovative mobility solutions that stand for clean air, fuel efficiency, and driving pleasure.
Our product portfolio for passenger cars and commercial vehicles demonstrates our unique systems competence, as it addresses all crucial issues related to the powertrain and air conditioning technology—from engine systems, filtration, and electrics/mechatronics through to thermal management. The group supports manufacturers as early as in the development of new vehicle generations, not to mention the continuous improvement of series production applications.
Proof of our technological leadership is not least to be seen in our successes in motorsport—be it in Formula 1 or in Le Mans. Moreover, our innovative products are used in stationary applications, mobile machinery, as well as in railroad, marine, and aerospace applications. And of course, we also supply workshops and engine repair workshops with MAHLE products in original equipment quality.
MAHLE 2015 BUSINESS YEAR–AT A GLANCE
|in EUR million||2015||2014||Change in %|
|EBIT adjusted for amortization of goodwill and effects from purchase price allocations||663||639||+3.8|
|Result from ordinary activities||309||401||–23.0|
|Dividend paid by MAHLE GmbH||6.0||8.5||–29.4|
|R&D and tangible fixed assets||Research and development expenses||657||552||+19.0|
|Property, plant, and equipment||2,888||2,446||+18.1|
|Capital expenditure on tangible fixed assets||564||488||+15.6|
|Equity and balance sheet total||Equity||2,667||2,555||+4.4|
|Balance sheet total||7,849||6,758||+16.1|
|Financial liabilities to banks and on capital market||1,716||1,227||+39.9|
|Cash in hand, bank balances, and cheques||310||526||–41.2|
|Cash flow||Cash flow from operating activities||638||- 1)|
|Cash flow from investing activities||-1,224||- 1)|
1) Changes in the German Accounting Standards (GAS) do not permit a comparison with the previous year’s value.