Notes to the Income Statements

Net Sales

Net sales are derived primarily from product deliveries. Total reported net sales for 2016 amounted to €46,769 million, rising by €684 million, or 1.5%, compared to 2015. The increase resulted from the following factors:

Factors in Sales Development

 

 

2016

 

 

€ million

 

%

Volume

 

1,936

 

+4.2

Price

 

(348)

 

−0.7

Currency

 

(913)

 

−2.0

Portfolio

 

9

 

Total

 

684

 

+1.5

Breakdowns of net sales by segment and region are given in the table in the Note “Key Data by Segment and Region”.