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Key financial data

Half-Year Financial Report 2019

Economic data

Million € Q2 H1
  2019 2018 +/– 2019
2018 +/–
Sales 15,158 15,783 (4%) 31,335 31,483 0%
Income from operations before depreciation, amortization and special items 1,975 2,709 (27%) 4,638 5,722 (19%)
Income from operations before depreciation and amortization (EBITDA) 1,626 2,645 (39%) 4,415 5,640 (22%)
Depreciation and amortization a 1,078 739 46% 2,109 1,471 43%
Income from operations (EBIT) 548 1,906 (71%) 2,306 4,169 (45%)
Special items (497) (66) . (471) (84) .
EBIT before special items 1,045 1,972 (47%) 2,777 4,253 (35%)
Financial result (204) (192) (6%) (400) (373) (7%)
Income before income taxes 344 1,714 (80%) 1,906 3,796 (50%)
Income after taxes from continuing operations 282 1,361 (79%) 1,448 2,942 (51%)
Income after taxes from discontinued operations 6,153 162 . 6,427 339 .
Net income 6,460 1,480 336% 7,866 3,159 149%
Earnings per share (€) 7.03 1.61 337% 8.56 3.44 149%
Adjusted earnings per share (€) 0.82 1.77 (54%) 2.47 3.69 (33%)
             
Research and development expenses 526 444 18% 1,037 868 19%
Personnel expenses 2,865 2,691 6% 5,768 5,307 9%
Number of employees (June 30) 118,705 116,126 2% 118,705 116,126 2%
             
Assets (June 30) 88,759 81,857 8% 88,759 81,857 8%
Investments including acquisitions b 1,060 829 28% 1,775 1,495 19%
             
Equity ratio (June 30) (%) 46.0 43.1 . 46.0 43.1 .
Net debt (June 30) 18,872 12,588 50% 18,872 12,588 50%
Cash flows from operating activities 1,946 2,224 (13%) 2,319 3,455 (33%)
Free cash flow 965 1,402 (31%) 597 2,006 (70%)

a Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments)
b Additions to intangible assets and property, plant and equipment

Last Update July 25, 2019