Company

Economic value (value creation)

in € million	2011	2012
Key performance indicator
Revenue from sales	65,926	66,739
Interest yields	133	123
Rent yields	488	489
Cost of sales	–51,924	–52,798
Selling expenses	–11,928	–12,393
Administration costs	–1,587	–1,664
Write-downs	–1,351	–1,636
Personnel expenses	–7,286	–7,495
Dividend payments	–442	–442
Interest expenditure	–713	–685
Income taxes	–732	–709
Investments (capex total)	2,095	1,437
Disinvestments (disposals of tangible assets and sales of companies)	566	817
Indebtedness (if any)	4,075	3,245
EBITDA	3,429	3,014
EBITDA (before special items)	3,651	3,292
EBIT	2,113	1,391
EBIT (before special items)	2,372	1,976
Pre-tax profits	1,473	810
Net profit for the period	741	101
Net profit for the period attributable to shareholders of METRO AG	631	3
Net profit for the period attributable to non-controlling shareholders	110	98
Profit per share in €	1.93	0.01
Sum of cash flows	–1,421	1,993