Investors
Key financial data
Half-Year Financial Report 2026
Key Figuresa
| Q2 | H1 | ||||||
| 2026 |
2025 |
+/- | 2026 | 2025 | +/- | ||
| Sales | million € | 17,206 | 14,788 | 16.4% | 33,226 | 31,297 | 6.2% |
| EBITDA before special items | million € | 2,449 | 1,595 | 53.6% | 4,805 | 4,090 | 17.5% |
| EBITDA | million € | 1,965 | 1,323 | 48.6% | 4,151 | 3,392 | 22.4% |
| EBITDA margin before special items | % | 14.2 | 10.8 | . | 14.5 | 13.1 | . |
| Depreciation and amortizationb | million € | 1,028 | 927 | 10.9% | 1,953 | 1,838 | 6.3% |
| Income from operations (EBIT) | million € | 937 | 395 | 137.1% | 2,198 | 1,555 | 41.4% |
| Special items in EBIT | million € | -542 | -291 | -86.4% | -715 | -723 | 1.1% |
| EBIT before special items | million € | 1,479 | 686 | 115.6% | 2,913 | 2,278 | 27.9% |
| Income before income taxes | million € | 780 | 221 | 253.6% | 1,879 | 1,234 | 52.3% |
| Income after taxes from continuing operations | million € | 589 | 28 | . | 1,473 | 846 | 74.0% |
| Income after taxes from discontinued operations | million € | 3,565 | 80 | . | 3,627 | 99 | . |
| Income after taxes | million € | 4,154 | 108 | . | 5,100 | 945 | 439.7% |
| Net income | million € | 4,144 | 79 | . | 5,072 | 887 | 471.7% |
| Earnings per share from continuing operationsc | € | 0.67 | 0.01 | . | 1.66 | 0.89 | 85.0% |
| Earnings per share from discontinued operationsc | € | 4.11 | 0.08 | . | 4.16 | 0.10 | . |
| Earnings per sharec | € | 4.78 | 0.09 | . | 5.81 | 0.99 | 484.5% |
| Adjusted earnings per sharec | € | 1.28 | 0.48 | 166.7% | 2.60 | 2.06 | 26.3% |
| Research and development expenses | million € | 472 | 479 | -1.6% | 909 | 958 | -5.1% |
| Personnel expenses | million € | 3,189 | 3,050 | 4.6% | 6,194 | 6,118 | 1.2% |
| Employees (June 30) | million € | 94,910 | 110,918 | -14.4% | 94,910 | 110,918 | -14.4% |
| Assets (June 30) | million € | 83,867 | 77,668 | 8.0% | 83,867 | 77,668 | 8.0% |
| Investments including acquisitionsd | million € | 856 | 1,082 | -20.9% | 1,695 | 2,017 | -16.0% |
| Equity ratio (June 30) | % | 44.6 | 43.1 | . | 44.6 | 43.1 | . |
| Net debt (June 30) | million € | 17,117 | 21,281 | -19.6% | 17,117 | 21,281 | -19.6% |
| Cash flows from operating activities | million € | 524 | 1,585 | -66.9% | -273 | 603 | . |
| Free cash flow | million € | -189 | 533 | . | -1,564 | -1,266 | -23.5% |
a Owing to the divestiture of the automotive OEM coatings, automotive refinish coatings and surface treatment business units to Carlyle, the affected business units were classified as discontinued operations in accordance with IFRS 5 until the closing of the transaction on June 30, 2026. The prior-year earnings figures listed up to and including income taxes have been restated.
b Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
c As a result of the share buyback program, which commenced in November 2025, the weighted average number of outstanding shares amounted to 867,183,730 in the second quarter of 2026 and 872,743,259 in the first half of 2026. In the second quarter of 2025 as well as in the first half of 2025, the weighted average number of outstanding shares amounted to 892,522,164.
d Additions to property, plant and equipment and intangible assets
Due to rounding, individual figures may not add up to the totals shown and percentages may not correspond exactly to the figures shown.