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CHANGE BORN FROM RESPONSIBILITY

The MAHLE Group is a leading global development partner to the automotive industry and offers its customers complete systems from a product range that is unrivaled in breadth and depth. Our new developments are geared toward the further optimization of combustion engines and thermal management solutions as well as the expansion of e-mobility. We also want to set new future standards with our innovative solutions by consistently using and expanding our knowledge and innovative strength.

With our strategic orientation, we are addressing megatrends such as population growth, urbanization, globalization, connectivity, or limiting emissions to promote climate protection. We not only see these as an opportunity for further growth, but as an obligation to design our technologies so that mobility on our planet is as environmentally friendly as possible.

The Mahle brothers have bequeathed us a company structure that secures our independence and the long-term orientation of the group. In accordance with their specifications, we want to continue to successfully develop MAHLE as a leading company and attractive employer.

“Change born from responsibility” summarizes the course we are on. We are thus explicitly committed to fairness, legality, cultural diversity, and equal opportunities. Our relationship with our employees, customers, and suppliers is based on these values. Assuming social responsibility is a corporate objective set by our founders. It is always incorporated into all of our decisions—now and in the future.

MAHLE 2016 BUSINESS YEAR–AT A GLANCE

in EUR million20162015Change in %
SalesGroup12,32211,486+7.3
  • Europe
6,1195,844+4.7
  • North America
3,2672,915+12.1
  • South America
572586–2.4
  • Asia/Pacific
2,3162,094+10.6
  • Africa
4847–2.9
ResultEBITDA1,0791,093-1.2
EBIT473511–7.5
  • EBIT in % of sales
3.84.5
EBIT adjusted for amortization of goodwill and effects from purchase price allocations622663-6.2
Result from business activities228309–26.2
Consolidated net income63122–48.5
Dividend paid by MAHLE GmbH6.06.0+0,0
R&D and tangible fixed assetsResearch and development expenses753657+14.7
  • Research and development expenses in % of sales
6.15.7
Property, plant, and equipment3,0292,888+4.9
Capital expenditure on tangible fixed assets 563564-0.2
Equity and balance sheet totalEquity2,7222,667+2.0
  • Equity ratio in %
33.934.0
Balance sheet total8,0327,849+2.3

Net debt
Financial liabilities to banks and on capital market1,5981,716-6.9
  • Thereof with a remaining period of up to 1 year
286353-19.1
  • Thereof with a remaining period of more than 5 years
676975-30.6
Cash in hand, bank balances, and cheques372310+20.2
Cash flowCash flow from operating activities856638 1)+34.1
Cash flow from investing activities-575-1,224 1)-53.0
EmployeesGroup76,63275,635+1.3
  • Germany
13,80314,233-3.0
  • Europe (incl. Germany)
34,60135,014-1.2
  • North America
15,57815,286+1.9
  • South America
9,3389,644–3.2
  • Asia/Pacific
16,06114,776+8.7
  • Africa
1,054915+15.3

1) Cashflow includes only 6 months of Delphi Thermal and MAHLE Electric Drives Japan (former Kokusan Denki)