Key Figures

Key Figures

(m€) FY 2017 FY 2018 FY 2019 FY 2020
Revenues 3.897 4.567 4.628 3.977
EBIT adj. 573 671 757 416
EBIT adj.margin 14,7% 14,7% 16,4% 10,5%
Net Income adj. 405 479 538 294
Free Cashflow 151 203 358 105

Consolidated Income Statement

(m€) FY 2017 FY 2018 FY 2019 FY 2020
Revenues 3.897 4.567 4.628 3.977
Total Cost of Sales -3.187 -3.716 -3.697 -3.484
Gross Profit 711 851 931 492
Gross Profit Margin 18,2% 18,6% 20,1% 12,4%
R&D according to IFRS -52 -61 -66 -61
SG&A -179 199 203 -225
Other operating income (expense) -3 -17 -39 -14
P&L of companies accounted "at equity and at cost" 44 46 83 70
EBIT reported 521 620 706 262
EBIT adj. 573 671 757 416
EBIT adj.margin 14,7% 14.7% 16,4% 10,5%
Financial Result -43 -13 -39 -67
Profit before tax (EBT) 478 607 667 195
Taxes -119 -154 -178 -48
Net Income reported 359 453 488 147
Net Income adj. 405 479 538 294
EPS reported 6,90 8,67 9,23 2,63
EPS adj. 7,87 9,29 10,38 5,56

Cash-Flow

(m€) FY 2017 FY 2018 FY 2019 FY 2020
Net Income IFRS 359 453 488 147
Depreciation and amortization 194 201 260 352
Change in provisions 192 185 176 -112
Change in Working Capital -191 -320 -142 -25
Taxes -25 17 42 27
Interest, derivatives, others -67 60 8 -3
Cash Flow from operating activities 461 595 832 386
Net Investment in intangible assets -133 -121 -150 -35
Net Investment in property, plant, equipment -167 -184 -299 -179
Net Investments in financial assets -41 -31 -23 -31
Cash Flow from investing activities -341 -336 -472 -245
Adjustments 31 -56 -2 -36
Free Cash Flow 151 203 358 105
Cash Flow from financing activities -333 -263 -324 504
Cash and cash equivalents at  106 99 139 773

Balance Sheet

(m€) 31/12/2017 31/12/2018 31/12/2019 31/12/2020
Intangible Assets 1.033 1.073 1.163 1.135
Property, Plant, Equipment 736 799 1.101 1.161
other Non-current assets 1.774 1.844 1.892 1.733
Total Non-Current assets 3.542 3.716 4.155 4.030
Current assets 2.683 3.135 3.610 4.074
Total assets 6.225 6.851 7.765 8.104
Equity 1.841 2.144 2.421 2.635
Non-Current Liabilities 1.856 1.902 2.130 2.501
Current Liabilities 2.528 2.804 3.214 2.968
Total Equity and Liabilities 6.225 6.851 7.765 8.104
thereof Pension Provisions 871 879 976 1.009
Working Capital 1.047 1.368 1.510 1.535

Multi Year Summary of Key Figures