Annual Report 2023

Five-Year Summary

Five-Year Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

2020

 

2021

 

2022

 

2023

 

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

Sales (external)

 

12,412

 

10,706

 

15,903

 

17,968

 

14,377

Performance Materials1

 

6,173

 

5,468

 

8,142

 

9,095

 

6,876

Solutions & Specialties1

 

6,069

 

5,060

 

7,554

 

8,558

 

7,267

EBITDA

 

1,604

 

1,472

 

3,085

 

1,617

 

1,080

EBIT

 

852

 

696

 

2,262

 

267

 

186

Financial result

 

(91)

 

(91)

 

(77)

 

(137)

 

(113)

Net income

 

552

 

459

 

1,616

 

(272)

 

(198)

Earnings per share (€)2

 

3.02

 

2.48

 

8.37

 

(1.42)

 

(1.05)

Operating cash flows

 

1,383

 

1,234

 

2,193

 

970

 

997

Cash outflows for additions to property, plant, equipment and intangible assets

 

910

 

704

 

764

 

832

 

765

Free operating cash flow

 

473

 

530

 

1,429

 

138

 

232

Trade working capital3

 

1,965

 

1,949

 

2,952

 

2,706

 

2,386

Net financial debt

 

989

 

356

 

1,405

 

2,434

 

2,487

ROCE

 

+8.4%

 

+7.0%

 

+19.5%

 

+2.0%

 

+1.5%

Employees (in FTE)

 

17,201

 

16,501

 

17,909

 

17,985

 

17,520

1

Reference information for the segments for fiscal 2019 are based on unaudited figures due to the new organizational structure changed in 2021.

2

Figures based on weighted average number of voting shares outstanding that were subject to relevant changes resulting from, among other factors, the share buyback program between March 21, 2022 and October 26, 2023, and the capital increase on October 19, 2020.

3

Trade working capital includes inventories plus trade accounts receivable and contract assets, less trade accounts payable, contract liabilities, and refund liabilities as of the December 31 reporting date for the years 2019 to 2023. The reference information for fiscal 2019 was restated accordingly; see note 4 “Change in Presentation of Rebates Granted to Customers and Trade Working Capital” in the Annual Report 2020.

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