BMW 2012 Annual Report Download - page 61
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61 COMBINED GROUP AND COMPANY MANAGEMENT REPORT
Key performance figures
2012 2011
Gross margin % 20.2 21.1
EBITDA margin % 15.4 16.9
EBIT margin % 10.8 11.7
Pre-tax return on sales % 10.2 10.7
Post-tax return on sales % 6.7 7.1
Pre-tax return on equity % 28.8 30.9
Post-tax return on equity % 18.9 20.5
Equity ratio – Group % 23.1 22.0
Automotive % 40.9 41.1
Financial Services % 8.6 8.7
Coverage of intangible assets, property, plant and equipment by equity % 163.9 160.2
Return on capital employed
Group % 23.1 25.6
Automotive % 75.0 77.3
Motorcycles % 1.8 10.2
Return on equity
Financial Services % 21.2 29.4
Cash inflow from operating activities € million 5,076 5,713
Cash outflow from investing activities € million – 5,433 – 5,499
Coverage of cash outflow from investing activities by cash inflow from operating activities % 93.4 103.9
Free cash flow of Automotive segment € million 3,809 3,166*
Net financial assets Automotive segment € million 13,327 12,287
* Previous year’s figure adjusted