Annual Report 2013

Economic report

Economic value added (EVA®)

Economic value added (EVA®)Economic value added (EVA®)
The EVA concept reflects the net wealth generated by a company over a certain period. A company achieves positive EVA when the operating result exceeds the weighted average cost of capital. The WACC corresponds to the yield on capital employed expected by the capital market. EVA is a registered trademark of Stern Stewart & Co.
rose by 32.9 percent to 1,247 million euros. All our business units recorded positive EVA®. The Laundry & Home Care business unit improved significantly, generating EVA® of 507 million euros, corresponding to a 29.3 percent increase over the prior year. The EVA® contribution of 323 million euros from the Beauty Care business unit also exceeded the previous year, by 13.5 percent. In the Adhesive Technologies business unit, we generated EVA® of 562 million euros, representing a significant increase of 54.8 percent.