Global
Investors

Key financial data

Quarterly Statement Q1 2023

Sales and earnings

    2023 2022 +/-
Sales Million € 19,991 23,083 –13.4%
Income from operations before depreciation, amortization and special items Million € 2,864 3,743 –23.5%
Income from operations before depreciation and amortization (EBITDA) Million € 2,811 3,709 –24.2%
EBITDA margin % 14.1 16.1 -
Depreciation and amortizationa Million € 944 924 2.2%
Income from operations (EBIT) Million € 1,867 2,785 –33.0%
Special items Million € –65 –34 –91.7%
EBIT before special items Million € 1,931 2,818 –31.5%
Income before income taxes Million € 1,930 1,878 2.8%
Income after taxes Million € 1,604 1,321 21.4%
Net income Million € 1,562 1,221 27.9%
Earnings per shareb 1.75 1.34     30.6%
Adjusted earnings per shareb 1.93 2.70 –28.5%
         
Research and development expenses Million € 538 569 –5.5%
Personnel expenses Million € 2,954 3,067 –3.7%
Number of employees (March 31) Million € 111,399 110,828 0.5%
         
Assets (March 31) Million € 86,139 93,983 –8.3%
Investments including acquisitionsc Million € 999 741 34.7%
         
Equity ratio (March 31) % 48.8 45.3
Net debt (March 31) Million € 17,820 16,251 9.7%
Cash flows from operating activities Million € –1,016 –290 –250.1%
Free cash flow Million € –1,882 –893 –110.7%

a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

b Due to the share buyback program, which was terminated in February 2023, the weighted average number of outstanding shares in the first quarter of 2023 was 893,002,335.

c Additions to intangible assets and property, plant and equipment

Last Update April 27, 2023