Financial


Net sales in 2017 amounted to € 19.9 billion, an increase of 6.7% compared to last year (2016: € 18.6 billion). Adjusted for foreign currency translation effects, sales increased by 9.2%.

Income from operations was € 525 million, a decrease compared to 2016 (€ 713 million), which was mainly caused by exceptional items amounting to € 201 million (2016: € 100 million negative). In 2017, SHV’s income amounted to € 1,264 million (2016: € 701 million).

At the end of 2017, SHV's Group equity amounted to € 6.4 billion, an increase of € 0.7 billion compared to 2016. Total liquidity amounted to € 1.7 billion, and the net cash position was
€ 87 million.

More information on the results can be found in 'SHV in 2017'.

Five year summary

Year Overview