Key Figures

Key Figures

Key Figures

(m€) FY 2016 FY 2017 FY 2018 FY 2019
Revenues 4.732,7 3.897,4 4.567,1 4.628,4
EBIT adj. 503,0 572,5 671,4 756,9
EBIT adj.margin 10,6% 14,7% 14,7% 16,4%
Net Income adj. 345,5 404,9 479,1 537,6
Free Cashflow 82,0 151,1 202,9 358,3

Consolidated Income Statement

(m€) FY 2016 FY 2017 FY 2018 FY 2019
Revenues 4.732,7 3.897,4 4.567,1 4.628,4
Total Cost of Sales -4.074,8 -3.186,5 -3.715,8 -3.697,1
Gross Profit 657,9 710,9 851,3 931,3
Gross Profit Margin 13,9% 18,2% 18,6% 20,1%
R&D according to IFRS -71,1 -51,7 -60,7 65,8
SG&A -174,8 -179,0 198,7 203,3
Other operating income (expense) 10,1 -2,9 -17,2 -39,3
P&L of companies accounted "at equity and at cost" 30,7 43,9 45,5 82,7
EBIT reported 452,8 521,2 620,2 705,6
EBIT adj. 503,0 572,5 671,4 756,9
EBIT adj.margin 10,6% 14,7% 14.7% 16,4%
Financial Result -37,2 -43,1 -12,9 -39,0
Profit before tax (EBT) 415,6 478,1 607,3 666,6
Taxes -103,0 -119,4 -154,0 -178,2
Net Income reported 312,6 358,7 453,3 488,4
Net Income adj. 345,5 404,9 479,1 537,6
EPS reported 6,1 6,90 8,67 9,23
EPS adj. 6,7 7,87 9,29 10,38

Cash-Flow

Cashflow Statement

(m€) FY 2016 FY 2017 FY 2018 FY 2019
Net Income IFRS 312,6 358,7 453,3 488,4
Depreciation and amortization 177,5 193,5 200,5 259,5
Change in provisions 189,4 192,2 184,5 176,1
Change in Working Capital -291,6 -191,0 -320,4 -141,9
Taxes -43,1 -25,2 17,3 41,9
Interest, derivatives, others 13,2 -67,3 59,5 7,7
Cash Flow from operating activities 358,0 460,9 594,7 831,7
Net Investment in intangible assets -108,1 -133,0 -120,5 -149,6
Net Investment in property, plant, equipment -154,7 -166,5 -184,4 -298,7
Net Investments in financial assets -51,2 -41,3 -31,2 -23,3
Cash Flow from investing activities -314,0 -340,8 -336,1 -471,6
Adjustments 38,0 31,0 -55,7 -1,8
Free Cash Flow 82,0 151,1 202,9 358,3
Cash Flow from financing activities 223,3 -332,9 -262,7 -323,6
Cash and cash equivalents at  322,4 106,1 99.0 139,5

Balance Sheet

(m€) 31/12/2016 31/12/2017 31/12/2018 31/12/2019
Intangible Assets 2.234,2 1.032,5 1.072,7 1.162,5
Property, Plant, Equipment 681,5 735,5 799,3 1.100,8
other Non-current assets 390,7 1.773,8 1.843,9 1.891,7
Total Non-Current assets 3.306,4 3.541,8 3.715,9 4.155,0
Current assets 2.538,2 2.683,4 3.134,9 3.610,3
Total assets 5.844,6 6.225,2 6.850,8 7.765,3
Equity 1.500,5 1.841,3 2.144,2 2.421,2
Non-Current Liabilities 1.963,9 1.855,6 1.902,3 2.130,2
Current Liabilities 2.380,2 2.528,3 2.804,3 3.213,9
Total Equity and Liabilities 5.844,6 6.225,2 6.850,8 7.765,3
thereof Pension Provisions 883,3 870,7 879,0 976,2
Working Capital 1.015,7 1.047,3 1.367,7 1.510,0

Multi Year Summary of Key Figures