Financial Highlights 2024 (IFRS)
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2024 |
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2023 |
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Change |
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Operating Highlights (€ in millions) |
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Net sales |
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23,683 |
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21,427 |
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11% |
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Gross profit |
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12,026 |
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10,184 |
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18% |
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Other operating expenses |
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10,945 |
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10,070 |
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9% |
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EBITDA |
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2,465 |
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1,358 |
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81% |
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Operating profit |
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1,337 |
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268 |
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398% |
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Net income/(loss) from continuing operations |
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824 |
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(58) |
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n.a. |
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Net income/(loss) attributable to shareholders |
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764 |
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(75) |
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n.a. |
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Key Ratios |
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Gross margin |
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50.8% |
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47.5% |
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3.3pp |
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Other operating expenses in % of net sales |
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46.2% |
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47.0% |
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(0.8pp) |
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Operating margin |
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5.6% |
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1.3% |
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4.4pp |
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Effective tax rate |
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26.5% |
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189.2% |
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(162.7pp) |
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Net income/(loss) attributable to shareholders in % of net sales |
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3.2% |
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(0.4%) |
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n.a. |
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Average operating working capital in % of net sales |
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19.7% |
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25.7% |
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(5.9pp) |
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Equity ratio1 |
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26.5% |
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25.4% |
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1.1pp |
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Adjusted net borrowings/EBITDA |
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1.5 |
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3.3 |
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(1.9) |
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Financial leverage1 |
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66.1% |
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98.6% |
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(32.5pp) |
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Return on equity1 |
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14.0% |
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(1.6%) |
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n.a. |
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Balance Sheet and Cash Flow Data (€ in millions) |
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Total assets |
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20,655 |
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18,020 |
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15% |
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Inventories |
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4,989 |
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4,525 |
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10% |
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Receivables and other current assets |
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4,460 |
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3,819 |
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17% |
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Operating working capital |
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4,306 |
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4,154 |
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4% |
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Shareholders’ equity |
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5,476 |
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4,580 |
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20% |
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Capital expenditure |
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540 |
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504 |
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7% |
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Net cash generated from operating activities2 |
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2,910 |
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2,550 |
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14% |
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Per Share of Common Stock (€) |
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Basic earnings |
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4.24 |
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(0.67) |
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n.a. |
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Diluted earnings |
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4.24 |
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(0.67) |
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n.a. |
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Net cash generated from operating activities2 |
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16.30 |
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14.28 |
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14% |
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Dividend3 |
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2.00 |
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0.70 |
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186% |
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Share price at year-end |
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236.80 |
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184.16 |
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29% |
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Other (at year-end) |
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Number of employees |
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62,035 |
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59,030 |
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5% |
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Number of shares outstanding |
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178,549,084 |
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178,549,084 |
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0% |
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Average number of shares |
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178,549,084 |
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178,543,596 |
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0% |
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