Multiyear Overview

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€ million

 

2020

 

Change in %

 

2019

 

2018

 

2017

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

4,692.2

 

-4.8

 

4,927.6

 

4,978.8

 

4,924.2

 

4,634.2

Income before taxes

 

217.9

 

>100

 

-591.2

 

324.4

 

335.0

 

246.4

Net income for the year

 

202.3

 

>100

 

-629.6

 

260.1

 

884.8

 

189.3

EBITDA

 

666.3

 

-14.9

 

783.4

 

930.0

 

1,014.1

 

955.5

EBIT

 

262.8

 

>100

 

-536.3

 

389.6

 

423.7

 

337.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed assets

 

2,586.1

 

-26.0

 

3,494.1

 

4,324.5

 

4,209.4

 

4,765.5

Intangible assets

 

21.1

 

-28.2

 

29.4

 

38.3

 

41.5

 

50.4

Property, plant and equipment

 

2,393.2

 

-9.8

 

2,652.6

 

3,527.0

 

3,501.7

 

4,596.4

Right-of-use assets

 

110.8

 

-7.5

 

119.8

 

 

 

Financial assets

 

61.0

 

-91.2

 

692.3

 

759.2

 

666.2

 

118.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets, incl. deferred taxes + prepaid expenses

 

4,364.4

 

45.6

 

2,996.9

 

2,794.2

 

2,626.3

 

2,696.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Liquidity1

 

1,338.0

 

>100

 

545.2

 

383.1

 

505.1

 

409.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

1,691.8

 

-16.6

 

2,029.0

 

3,145.5

 

3,169.3

 

2,593.2

Subscribed capital

 

260.8

 

 

260.8

 

260.8

 

260.8

 

260.8

Capital reserves

 

157.4

 

 

157.4

 

157.4

 

157.4

 

157.4

Treasury shares

 

-45.1

 

 

-45.1

 

-45.1

 

-45.1

 

-45.1

Retained earnings, consolidated net income, other equity items

 

1,252.1

 

-21.4

 

1,593.8

 

2,714.1

 

2,746.1

 

2,006.3

Non-controlling interests

 

66.6

 

7.2

 

62.1

 

58.3

 

50.1

 

213.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowed capital

 

5,258.7

 

17.9

 

4,462.0

 

3,973.2

 

3,666.4

 

4,868.4

Provisions

 

3,016.0

 

19.4

 

2,525.0

 

2,051.1

 

2,042.8

 

2,550.7

Liabilities, incl. deferred taxes + deferred income

 

2,242.7

 

15.8

 

1,937.0

 

1,922.1

 

1,623.6

 

2,317.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Net financial debt (–) Net financial receivables (+)

 

-67.5

 

-90.5

 

-713.7

 

-609.7

 

-454.4

 

-992.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

6,950.5

 

7.1

 

6,491.0

 

7,118.7

 

6,835.7

 

7,461.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees (average for the year)

 

14,401

 

-2.4

 

14,751

 

14,301

 

13,723

 

13,307

Employees (Dec. 31)

 

14,283

 

-2.6

 

14,658

 

14,542

 

13,811

 

13,448

 

 

 

 

 

 

 

 

 

 

 

 

 

Key profitability figures

 

 

 

 

 

 

 

 

 

 

 

 

Return on sales (EBIT) = EBIT/sales (%)

 

5.6

 

>100

 

-10.9

 

7.8

 

8.6

 

7.3

Return on sales (EBITDA) = EBITDA/sales (%)

 

14.2

 

-10.7

 

15.9

 

18.7

 

20.6

 

20.6

Return on equity = net income for the year/equity (as of Dec. 31) (%)

 

12.0

 

>100

 

-31.0

 

8.3

 

27.9

 

7.3

ROCE – return on capital employed = EBIT/capital employed (%)

 

5.6

 

>100

 

-11.3

 

5.9

 

7.5

 

6.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Key statement-of-financial-position figures

 

 

 

 

 

 

 

 

 

 

 

 

Investment intensity of fixed assets = fixed assets/total assets (%)

 

37.2

 

-30.9

 

53.8

 

60.7

 

61.6

 

63.9

Equity ratio = equity/total assets (%)

 

24.3

 

-22.1

 

31.3

 

44.2

 

46.4

 

34.8

Capital structure = equity/borrowed capital (%)

 

32.2

 

-29.2

 

45.5

 

79.2

 

86.4

 

53.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow and investments

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow from operating activities

 

873.7

 

44.4

 

605.0

 

509.6

 

613.0

 

621.0

Cash flow from long-term investing activities – before securities

 

-176.0

 

-58.2

 

-420.6

 

-423.4

 

-325.0

 

-420.3

Cash flow from financing activities

 

117.1

 

>100

 

-26.2

 

-240.5

 

-333.1

 

-135.8

Net cash flow = CF from operating activities + CF from investing activities – additions from finance leases

 

697.7

 

>100

 

184.4

 

86.2

 

358.1

 

361.1

Investments

 

224.4

 

 

 

379.5

 

460.9

 

326.8

 

338.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Share and valuation

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated net income

 

202.3

 

>100

 

-629.6

 

260.1

 

884.8

 

189.3

Earnings per share (€) = consolidated net income/number of shares

 

3.81

 

>100

 

-12.94

 

4.95

 

17.45

 

3.61

Market capitalization (total number of shares without treasury shares)

 

5,799.9

 

72.6

 

3,360.2

 

3,929.5

 

8,057.8

 

4,910.7

Number of shares

 

49,677,983

 

 

49,677,983

 

49,677,983

 

49,677,983

 

49,677,983

Price as of reporting date (Dec. 31)

 

116.75

 

72.6

 

67.64

 

79.10

 

162.20

 

98.85

Dividend per share (€)

 

2.00

 

>100

 

0.50

 

2.50

 

4.50

 

2.00

Dividend yield (%)

 

2.9

 

>100

 

0.7

 

2.1

 

4.0

 

2.6

Capital employed

 

4,111.4

 

-20.7

 

5,183.5

 

4,917.0

 

5,138.3

 

5,300.4

1

Securities, fixed-term deposits, cash and cash equivalents

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