Investments (blue) and depreciation (gray) [EUR in millions]
In the period under review, Voith resolutely continued to invest substantially to sharpen its innovative edge. In doing so, the Group once again underscored the long-term, forwardlooking nature of its corporate planning strategy. The volume of capital spending totaled € 255 million in fiscal 2008/09 (previous year: € 281 million), equivalent to 5.0% of consolidated sales (previous year: 5.7%). The sum of these investments was € 101 million higher than the value of depreciation and amortization, which came to € 154 million. Of the € 154 million figure for depreciation and amortization, € 3 million are included in the non-recurrent result.
