Last Update: 03/12/2009
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Economic Goals

€ 1.95

Proposed Dividend per Share

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Economic Goals





Status at year-end 2008


Premium on cost of capital

2008 goals



Earn an EBIT of at least 10% based on the assets of the operating divisions

At least
€4,842 million

We achieved an EBIT of €6,463 million and therefore a premium of €1,621 million on our cost of capital.

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Dividend per share to be increased annually or at least to remain at the previous year’s level

At least €1.95

The Board of Executive Directors and the Supervisory Board will propose a dividend payment of €1.95 per share at the Annual Meeting.

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EBITDA margin




EBITDA margin of 18% until 2012



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