Investors
Key financial data
Quarterly Statement Q1 2026
Key Figuresa
| Q1 | ||||
| 2026 |
2025 |
+/- | ||
| Sales | million € | 16,020 | 16,509 | -3.0% |
| EBITDA before special items | million € | 2,356 | 2,495 | -5.6% |
| EBITDA | million € | 2,186 | 2,070 | 5.6% |
| EBITDA margin from special items | % | 14.7 | 15.1 | . |
| Depreciation and amortizationb | million € | 925 | 910 | 1.6% |
| Income from operations (EBIT) | million € | 1,261 | 1,160 | 8.8% |
| Special items in EBIT | million € | -173 | -432 | 60.0% |
| EBIT before special items | million € | 1,434 | 1,592 | -9.9% |
| Income before income taxes | million € | 1,098 | 1,013 | 8.4% |
| Income after taxes from continuing operations | million € | 884 | 818 | 8.0% |
| Income after taxes from discontinued operations | million € | 62 | 19 | 226.5% |
| Income after taxes | million € | 946 | 837 | 12.9% |
| Net income | million € | 927 | 808 | 14.8% |
| Earnings per share from continuing operationsc | € | 0.99 | 0.89 | 11.5% |
| Earnings per share from discontinued operationsc | € | 0.07 | 0.02 | 231.8% |
| Earnings per sharec | € | 1.06 | 0.91 | 16.6% |
| Adjusted earnings per sharec | € | 1.32 | 1.57 | -16.1% |
| Research and development expenses | million € | 438 | 479 | -8.7% |
| Personnel expenses | million € | 3,005 | 3,068 | -2.1% |
| Employees (March 31) | million € | 106,428 | 111,408 | -4.5% |
| Assets (March 31) | million € | 81,766 | 81,419 | 0.4% |
| Investments including acquisitionsd | million € | 838 | 935 | -10.3% |
| Equity ratio (March 31) | % | 43.4 | 45.9 | . |
| Net debt (March 31) | million € | 20,489 | 20,393 | 0.5% |
| Cash flows from operating activities | million € | -797 | -982 | 18.8% |
| Free cash flow | million € | -1,375 | -1,798 | 23.5% |
a Owing to the planned divestiture of the automotive OEM coatings, automotive refinish coatings and surface treatment businesses to Carlyle, the affected business units have been classified as discontinued operations in accordance with IFRS 5. 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 878,364,560 in the first quarter of 2026 and 892,522,164 in the first quarter of 2025.
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.