Multiyear Overview
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€ million |
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2020 |
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Change in % |
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2019 |
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2018 |
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2017 |
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2016 |
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Sales |
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4,692.2 |
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-4.8 |
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4,927.6 |
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4,978.8 |
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4,924.2 |
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4,634.2 |
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Income before taxes |
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217.9 |
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>100 |
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-591.2 |
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324.4 |
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335.0 |
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246.4 |
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Net income for the year |
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202.3 |
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>100 |
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-629.6 |
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260.1 |
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884.8 |
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189.3 |
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EBITDA |
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666.3 |
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-14.9 |
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783.4 |
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930.0 |
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1,014.1 |
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955.5 |
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EBIT |
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262.8 |
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>100 |
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-536.3 |
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389.6 |
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423.7 |
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337.5 |
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Fixed assets |
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2,586.1 |
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-26.0 |
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3,494.1 |
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4,324.5 |
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4,209.4 |
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4,765.5 |
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Intangible assets |
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21.1 |
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-28.2 |
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29.4 |
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38.3 |
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41.5 |
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50.4 |
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Property, plant and equipment |
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2,393.2 |
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-9.8 |
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2,652.6 |
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3,527.0 |
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3,501.7 |
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4,596.4 |
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Right-of-use assets |
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110.8 |
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-7.5 |
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119.8 |
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– |
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– |
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– |
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Financial assets |
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61.0 |
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-91.2 |
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692.3 |
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759.2 |
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666.2 |
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118.7 |
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Current assets, incl. deferred taxes + prepaid expenses |
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4,364.4 |
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45.6 |
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2,996.9 |
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2,794.2 |
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2,626.3 |
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2,696.1 |
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Liquidity1 |
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1,338.0 |
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>100 |
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545.2 |
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383.1 |
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505.1 |
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409.7 |
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Equity |
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1,691.8 |
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-16.6 |
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2,029.0 |
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3,145.5 |
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3,169.3 |
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2,593.2 |
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Subscribed capital |
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260.8 |
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– |
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260.8 |
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260.8 |
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260.8 |
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260.8 |
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Capital reserves |
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157.4 |
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– |
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157.4 |
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157.4 |
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157.4 |
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157.4 |
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Treasury shares |
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-45.1 |
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– |
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-45.1 |
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-45.1 |
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-45.1 |
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-45.1 |
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Retained earnings, consolidated net income, other equity items |
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1,252.1 |
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-21.4 |
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1,593.8 |
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2,714.1 |
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2,746.1 |
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2,006.3 |
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Non-controlling interests |
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66.6 |
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7.2 |
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62.1 |
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58.3 |
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50.1 |
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213.8 |
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Borrowed capital |
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5,258.7 |
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17.9 |
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4,462.0 |
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3,973.2 |
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3,666.4 |
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4,868.4 |
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Provisions |
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3,016.0 |
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19.4 |
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2,525.0 |
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2,051.1 |
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2,042.8 |
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2,550.7 |
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Liabilities, incl. deferred taxes + deferred income |
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2,242.7 |
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15.8 |
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1,937.0 |
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1,922.1 |
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1,623.6 |
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2,317.7 |
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Net financial debt (–) Net financial receivables (+) |
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-67.5 |
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-90.5 |
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-713.7 |
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-609.7 |
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-454.4 |
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-992.5 |
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Total assets |
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6,950.5 |
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7.1 |
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6,491.0 |
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7,118.7 |
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6,835.7 |
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7,461.6 |
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Employees (average for the year) |
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14,401 |
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-2.4 |
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14,751 |
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14,301 |
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13,723 |
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13,307 |
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Employees (Dec. 31) |
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14,283 |
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-2.6 |
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14,658 |
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14,542 |
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13,811 |
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13,448 |
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Key profitability figures |
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Return on sales (EBIT) = EBIT/sales (%) |
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5.6 |
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>100 |
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-10.9 |
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7.8 |
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8.6 |
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7.3 |
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Return on sales (EBITDA) = EBITDA/sales (%) |
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14.2 |
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-10.7 |
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15.9 |
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18.7 |
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20.6 |
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20.6 |
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Return on equity = net income for the year/equity (as of Dec. 31) (%) |
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12.0 |
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>100 |
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-31.0 |
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8.3 |
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27.9 |
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7.3 |
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ROCE – return on capital employed = EBIT/capital employed (%) |
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5.6 |
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>100 |
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-11.3 |
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5.9 |
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7.5 |
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6.4 |
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Key statement-of-financial-position figures |
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Investment intensity of fixed assets = fixed assets/total assets (%) |
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37.2 |
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-30.9 |
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53.8 |
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60.7 |
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61.6 |
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63.9 |
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Equity ratio = equity/total assets (%) |
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24.3 |
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-22.1 |
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31.3 |
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44.2 |
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46.4 |
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34.8 |
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Capital structure = equity/borrowed capital (%) |
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32.2 |
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-29.2 |
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45.5 |
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79.2 |
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86.4 |
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53.3 |
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Cash flow and investments |
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Cash flow from operating activities |
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873.7 |
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44.4 |
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605.0 |
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509.6 |
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613.0 |
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621.0 |
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Cash flow from long-term investing activities – before securities |
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-176.0 |
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-58.2 |
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-420.6 |
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-423.4 |
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-325.0 |
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-420.3 |
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Cash flow from financing activities |
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117.1 |
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>100 |
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-26.2 |
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-240.5 |
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-333.1 |
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-135.8 |
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Net cash flow = CF from operating activities + CF from investing activities – additions from finance leases |
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697.7 |
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>100 |
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184.4 |
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86.2 |
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358.1 |
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361.1 |
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Investments |
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224.4 |
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379.5 |
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460.9 |
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326.8 |
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338.1 |
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Share and valuation |
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Consolidated net income |
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202.3 |
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>100 |
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-629.6 |
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260.1 |
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884.8 |
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189.3 |
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Earnings per share (€) = consolidated net income/number of shares |
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3.81 |
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>100 |
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-12.94 |
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4.95 |
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17.45 |
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3.61 |
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Market capitalization (total number of shares without treasury shares) |
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5,799.9 |
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72.6 |
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3,360.2 |
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3,929.5 |
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8,057.8 |
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4,910.7 |
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Number of shares |
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49,677,983 |
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– |
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49,677,983 |
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49,677,983 |
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49,677,983 |
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49,677,983 |
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Price as of reporting date (Dec. 31) |
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116.75 |
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72.6 |
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67.64 |
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79.10 |
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162.20 |
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98.85 |
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Dividend per share (€) |
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2.00 |
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>100 |
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0.50 |
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2.50 |
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4.50 |
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2.00 |
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Dividend yield (%) |
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2.9 |
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>100 |
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0.7 |
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2.1 |
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4.0 |
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2.6 |
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Capital employed |
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4,111.4 |
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-20.7 |
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5,183.5 |
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4,917.0 |
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5,138.3 |
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5,300.4 |
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