This overview may include historically adjusted values in order to ensure comparability with the reporting period.
€ million |
|
2021 |
|
2022 |
|
2023 |
|
2024 |
|
2025 |
|
Change in % |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Results of operations |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net sales |
|
19,687 |
|
22,232 |
|
20,993 |
|
21,156 |
|
21,102 |
|
-0.3% |
||||||||||
Operating result (EBIT)1 |
|
4,179 |
|
4,474 |
|
3,609 |
|
3,645 |
|
3,601 |
|
-1.2% |
||||||||||
Margin (% of net sales)1 |
|
21.2% |
|
20.1% |
|
17.2% |
|
17.2% |
|
17.1% |
|
|
||||||||||
EBITDA2 |
|
5,946 |
|
6,504 |
|
5,489 |
|
5,779 |
|
5,899 |
|
2.1% |
||||||||||
Margin (% of net sales)1 |
|
30.2% |
|
29.3% |
|
26.1% |
|
27.3% |
|
28.0% |
|
|
||||||||||
Adjustments1 |
|
157 |
|
345 |
|
390 |
|
293 |
|
210 |
|
-28.4% |
||||||||||
EBITDA pre1 |
|
6,103 |
|
6,849 |
|
5,879 |
|
6,072 |
|
6,109 |
|
0.6% |
||||||||||
Margin (% of net sales)1 |
|
31.0% |
|
30.8% |
|
28.0% |
|
28.7% |
|
28.9% |
|
|
||||||||||
Profit before income tax |
|
3,924 |
|
4,287 |
|
3,484 |
|
3,536 |
|
3,308 |
|
-6.5% |
||||||||||
Profit after tax |
|
3,065 |
|
3,339 |
|
2,834 |
|
2,786 |
|
2,615 |
|
-6.1% |
||||||||||
Earnings per share (in €) |
|
7.03 |
|
7.65 |
|
6.49 |
|
6.39 |
|
6.00 |
|
-6.1% |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Assets and liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Total assets |
|
45,362 |
|
48,535 |
|
48,495 |
|
51,596 |
|
51,527 |
|
-0.1% |
||||||||||
Non-current assets |
|
34,380 |
|
36,334 |
|
36,102 |
|
38,146 |
|
38,298 |
|
0.4% |
||||||||||
thereof: |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Goodwill |
|
17,004 |
|
18,389 |
|
17,845 |
|
19,107 |
|
17,934 |
|
-6.1% |
||||||||||
Other intangible assets |
|
7,612 |
|
7,335 |
|
6,551 |
|
6,351 |
|
7,662 |
|
20.6% |
||||||||||
Property, plant and equipment |
|
7,217 |
|
8,204 |
|
9,056 |
|
10,025 |
|
9,940 |
|
-0.9% |
||||||||||
Current assets |
|
10,982 |
|
12,201 |
|
12,393 |
|
13,450 |
|
13,230 |
|
-1.6% |
||||||||||
thereof: |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Inventories |
|
3,900 |
|
4,632 |
|
4,637 |
|
4,484 |
|
4,562 |
|
1.7% |
||||||||||
Trade receivables and other current receivables |
|
3,646 |
|
4,114 |
|
4,004 |
|
3,947 |
|
3,947 |
|
– |
||||||||||
Cash and cash equivalents |
|
1,899 |
|
1,854 |
|
1,982 |
|
2,517 |
|
2,740 |
|
8.8% |
||||||||||
Equity |
|
21,416 |
|
26,005 |
|
26,754 |
|
29,989 |
|
28,660 |
|
-4.4% |
||||||||||
Financial liabilities |
|
10,801 |
|
10,428 |
|
9,941 |
|
10,301 |
|
11,968 |
|
16.2% |
||||||||||
Non-current |
|
8,270 |
|
9,200 |
|
9,239 |
|
6,997 |
|
10,730 |
|
53.4% |
||||||||||
Current |
|
2,531 |
|
1,228 |
|
702 |
|
3,304 |
|
1,238 |
|
-62.5% |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Liquidity |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Payments for investments in intangible assets3 |
|
355 |
|
275 |
|
216 |
|
482 |
|
373 |
|
-22.5% |
||||||||||
Payments for investments in property, plant and equipment3 |
|
1,066 |
|
1,531 |
|
1,807 |
|
1,702 |
|
1,585 |
|
-6.9% |
||||||||||
Operating cash flow3 |
|
4,616 |
|
4,259 |
|
3,784 |
|
4,586 |
|
3,932 |
|
-14.3% |
||||||||||
Net financial debt1 |
|
8,753 |
|
8,328 |
|
7,500 |
|
7,155 |
|
8,619 |
|
20.5% |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
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Other key data |
|
|
|
|
|
|
|
|
|
|
|
|
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Equity ratio (in %)1 |
|
47.2% |
|
53.6% |
|
55.2% |
|
58.1% |
|
55.6% |
|
|
||||||||||
Research and development costs |
|
2,426 |
|
2,521 |
|
2,445 |
|
2,279 |
|
2,415 |
|
5.9% |
||||||||||
Dividend per share (in €) |
|
1.85 |
|
2.20 |
|
2.20 |
|
2.20 |
|
2.204 |
|
– |
||||||||||
Employees (number as of December 31) |
|
60,334 |
|
64,232 |
|
62,908 |
|
62,557 |
|
62,461 |
|
-0.2% |
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