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Key financial data

Quarterly Statement Q1 2020

Economic data

Million €   Q1
    2020 2019 +/–
Sales million € 16,753 15,596 7%
Income from operations before depreciation, amortization and special itemsa million € 2,579 2,642 (2%)
Income from operations before depreciation and amortization (EBITDA)a million € 2,428 2,770 (12%)
EBITDA margin % 14.5 17.8
Depreciation and amortizationb million € 972 991 (2%)
Income from operations (EBIT)a million € 1,456 1,779 (18%)
Special items million € (184) 29 .
EBIT before special itemsa million € 1,640 1,750 (6%)
Income before income taxes million € 1,200 1,556 (23%)
Income after taxes from continuing operations million € 881 1,163 (24%)
Income after taxes from discontinued operations million € 22 277 (92%)
Net income million € 885 1,406 (37%)
Earnings per share 0.96 1.53 (37%)
Adjusted earnings per share 1.36 1.70 (20%)
         
Research and development expenses million € 494 503 (2%)
Personnel expenses million € 2,826 2,903 (3%)
Number of employees (March 31)   118,276 121,194 (2%)
         
Assets (March 31) million € 92,355 92,040 0%
Investments including acquisitionsc million € 2,136 715 199%
         
Equity ratio (March 31) % 47.0 41.1
Net debt (March 31) million € 18,794 19,431 (3%)
Cash flows from operating activities million € (1,030) 373 .
Free cash flow million € (1,599) (368) .

a The 2019 figures have been restated to reflect the reclassification of income from non-integral companies accounted for using the equity method to net income from shareholdings. For more information, see Significant Events and Restated Figures 2019.

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

c Additions to intangible assets and property, plant and equipment

Last Update April 30, 2020