financial report and registration document 2011 - Groupe SEB

5.2. CONSOLIDATED RATIOS
(in %) 2011 2010 2009 2008 2007 2006 (d) 2005 (c)
Financial Report and Registration Document 2011
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Consolidated fi nancial statements
Consolidated ratios
2004
IFRS (b) 2004 2003 2002 (a) 2001
PROFITABILITY RATIOS
Return on equity before
appropriation of previous
year’s profi t 14.93 18.06 15.69 18.85 17.71 10.88 14.83 21.90 20.60 29.33 23.66 15.79
Net margin 5.92 6.04 4.59 4.69 5.04 3.28 4.13 5.72 5.26 6.33 4.71 3.99
FINANCIAL RATIOS
Net debt/equity ratio 49.41 8.34 22.52 71.64 76.12 51.70 52.85 48.14 48.28 31.64 64.65 81.43
Net fi nance costs/Revenue 0.69 0.44 0.86 1.50 1.21 1.15 1.02 0.54 0.33 0.33 0.37 1.11
Net debt/Adjusted EBITDA 1.32 0.27 0.59 1.65 1.87 1.30 1.31 1.07 1.11 0.68 1.30 1.83
INVESTMENT RATIOS (e)
Investments/Revenue 3.55 3.86 3.44 3.60 3.20 3.21 4.03 4.33 3.71 4.20 3.40 4.37
(a) Including the new Moulinex subsidiaries.
(b) Including All-Clad since 28 July 2004.
(c) Including Lagostina since 1 May 2005 and Panex since 1 June 2005.
(d) Including Mirro WearEver since 16 August 2006.
(e) Excluding purchases of property, plant and equipment and software.
GROUPE SEB
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