Investors
Key financial data
Quarterly Statement Q3 2026
Key Figures
| Q3 | January–September | |||||
| 2026 | 2025 | +/- | 2026 | 2025 | +/- | |
| Sales | million € | 16,360 | 14,328 | 14.2% | 49,586 | 45,625 | 8,7% |
| EBITDA before special items | million € | 1,643 | 1,430 | 14.9% | 6,448 | 5,521 | 16.8% |
| EBITDA | million € | 1,206 | 1,207 | -0.1% | 5,358 | 4,600 | 16.5% |
| EBITDA margin before special items | % | 10.0 | 10.0 | . | 13.0 | 12.1 | . |
| Depreciation and amortizationa | million € | 1,305 | 976 | 33.7% | 3,258 | 2,813 | 15.8% |
| Income from operations (EBIT) | million € | -98 | 232 | . | 2,100 | 1,787 | 17.6% |
| Special items in EBIT | million € | -780 | -301 | -158.6% | -1,494 | -1,024 | -45.9% |
| EBIT before special items | million € | 681 | 533 | 27.8% | 3,595 | 2,811 | 27.9% |
| Income before income taxes | million € | -41 | 140 | . | 1,837 | 1,374 | 33.7% |
| Income after taxes from continuing operations | million € | 184 | 169 | 8,8% | 1,657 | 1,016 | 63.2% |
| Income after taxes from discontinued operations | million € | – | 32 | . | 3,627 | 131 | . |
| Income after taxes | million € | 184 | 202 | -8.7% | 5,284 | 1,147 | 360.9% |
| Net income | million € | 155 | 172 | -9.8% | 5,227 | 1,059 | 393.4% |
| Earnings per shareb | € | 0.18 | 0.19 | -6.3% | 6.00 | 1.19 | 405.4% |
| Adjusted earnings per shareb | € | 0.72 | 0.52 | 38.5% | 3.33 | 2.58 | 29.3% |
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| Research and development expenses | million € | 434 | 489 | -11.3% | 1,343 | 1,447 | -7.2% |
| Personnel expenses | million € | 2,786 | 2,975 | -6.4% | 8,980 | 9,093 | -1.2% |
| Employees (September 30) | million € | 93,032 | 110,709 | -16.0% | 93,032 | 110,709 | -16.0% |
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| Assets (September 30) | million € | 79,944 | 76,441 | 4.6% | 79,944 | 76,441 | 4.6% |
| Investments including acquisitionsc | million € | 617 | 1,201 | -48.6% | 2,312 | 3,218 | -28.2% |
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| Equity ratio (September 30) | % | 47.2 | 44.4 | . | 47.2 | 44.4 | . |
| Net debt (September 30) | million € | 16,652 | 20,891 | -20.3% | 16,652 | 20,891 | -20.3% |
| Cash flows from operating activities | million € | 1,096 | 1,371 | -20.1% | 823 | 1,974 | -58.3% |
| Free cash flow | million € | 523 | 398 | 31.5% | -1,040 | -868 | -19.9% |
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b The weighted average number of outstanding shares amounted to 859,222,207 in the third quarter of 2026 and 868,186,714 from January to September 2026. In the third quarter of 2025 as well as from January to September 2025, the weighted average number of outstanding shares amounted to 892,522,164.
c 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.