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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 |