Investors
Key financial data
Half-Year Financial Report 2025
Key Figures
| Q2 | H1 | ||||||
| 2025 | 2024 | +/- | 2025 | 2024 | +/- | ||
| Sales | million € | 15,769 | 16,111 | -2.1% | 33,171 | 33,664 | -1.5% |
| EBITDA before special items | million € | 1,772 | 1,957 | -9.4% | 4,397 | 4,669 | -5.8% |
| EBITDA | million € | 1,475 | 1,563 | -5.6% | 3,653 | 4,218 | -13.4% |
| EBITDA margin from special items | % | 11.2 | 12.1 | . | 13.3 | 13.9 | . |
| Depreciation and amortizationa | million € | 982 | 1,047 | -6.3% | 1,962 | 2,012 | -2.5% |
| Income from operations (EBIT) | million € | 494 | 516 | -4.3% | 1,690 | 2,205 | -23.4% |
| Special items in EBIT | million € | -316 | -453 | 30.2% | -783 | -517 | -51.4% |
| EBIT before special items | million € | 810 | 969 | -16.4% | 2,474 | 2,723 | -9.1% |
| Income before income taxes | million € | 316 | 398 | -20.5% | 1,363 | 2,170 | -37.2% |
| Income after taxes | million € | 108 | 470 | -77.1% | 945 | 1,880 | -49.7% |
| Net income | million € | 79 | 430 | -81.6% | 887 | 1,797 | -50.6% |
| Earnings per share | € | 0.09 | 0.48 | -81.6% | 0.99 | 2.01 | -50.6% |
| Adjusted earnings per share | € | 0.48 | 0.93 | -47.6% | 2.06 | 2.60 | -21.0% |
| Research and development expenses | million € | 501 | 524 | -4.4% | 1,000 | 1,014 | -1.4% |
| Personnel expenses | million € | 3,050 | 2,772 | 10.0% | 6,118 | 5,843 | 4.7% |
| Employees (June 30) | million € | 110,918 | 111,422 | -0.5% | 110,918 | 111,422 | -0.5% |
| Assets (June 30) | million € | 77,668 | 82,447 | -5.8% | 77,668 | 82,447 | -5.8% |
| Investments including acquisitionsb | million € | 1,115 | 1,637 | -31.9% | 2,068 | 2,842 | -27.2% |
| Equity ratio (June 30) | % | 43.1 | 44.5 | . | 43.1 | 44.5 | . |
| Net debt (June 30) | million € | 21,281 | 21,441 | -0.7% | 21,281 | 21,441 | -0.7% |
| Cash flows from operating activities | million € | 1,585 | 1,951 | -18.7% | 603 | 1,437 | -58.0% |
| Free cash flow | million € | 533 | 471 | 13.2% | -1,266 | -986 | -28.3% |
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b 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.