Highlights
Net sales (excluding intersegment sales)
Operating income
Net earnings and balance sheet
Group equity EUR 2,665 5,544
(in millions, except share data, ratios and
2002
2001
United States Retail
USD
27,879
23,160
United States Foodservice
USD
18,537
12,113
Europe
EUR
13,690
13,021
Latin America
EUR
2,143
1,274
Asia
EUR
458
400
Other activities
EUR
48
44
Total
EUR
62,683
54,213
United States Retail
USD
1,405
1,284
United States Foodservice
USD
161
46
Europe
EUR
(646)
311
Latin America
EUR
(278)
56
Asia
EUR
(33)
(20)
Other activities
EUR
(367)
75
Total operating income
EUR
239
1,911
As a percentage of total net sales
0.38%
3.52%
Exceptional items
(372)
Goodwill impairment and amortization
(1,534)
(152)
Operating income beofre impairment and amortization og goodwill and exceptional loss
2,145
2,063
Net earnings EUR (1,208) 750
Net earnings* EUR 795 1,086
Depreciation EUR (1,286) (1,137)
Depreciation, amortization and impairments EUR (3,142) (1,411)
EBITDA** EUR 3,753 3,322
Operational cash flow EUR 2,486 1,961
Investment in tangible fixed assets EUR 2,321 2,737
Total assets EUR 24,738 28,626
Group equity percentage 10.8% 19.4%
Net interest bearing debt EUR 11,594 11,345
Average net interest bearing debt EBITDA** 3.18 3.01
Interest coverage ratio 2.27 2.54
20
