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Key financial data

Quarterly Statement Q3 2019

Economic data

Million € Q3 January – September
  2019 2018 +/– 2019
2018 +/–
Sales 15,231 15,606 (2%) 46,566 47,089 (1%)
Income from operations before depreciation, amortization and special items 2,084 2,263 (8%) 6,722 7,985 (16%)
Income from operations before depreciation and amortization (EBITDA) 2,339 2,190 7% 6,754 7,830 (14%)
Depreciation and amortization a 963 795 21% 3,072 2,266 36%
Income from operations (EBIT) 1,376 1,395 (1%) 3,682 5,564 (34%)
Special items 257 (75) . (214) (159) (35%)
EBIT before special items 1,119 1,470 (24%) 3,896 5,723 (32%)
Financial result (170) (138) (23%) (570) (511) (12%)
Income before income taxes 1,206 1,257 (4%) 3,112 5,053 (38%)
Income after taxes from continuing operations 935 1,032 (9%) 2,383 3,974 (40%)
Income after taxes from discontinued operations 235 6,427 574 .
Net income 911 1,200 (24%) 8,777 4,359 101%
Earnings per share (€) 1.00 1.31 (24%) 9.56 4.75 101%
Adjusted earnings per share (€) 0.86 1.51 (43%) 3.33 5.21 (36%)
             
Research and development expenses 540 509 6% 1,577 1,377 15%
Personnel expenses 2,584 2,633 (2%) 8,352 7,940 5%
Number of employees (September 30) 118,648 122,230 (3%) 118,648 122,230 (3%)
             
Assets (September 30) 89,591 85,579 5% 89,591 85,579 5%
Investments including acquisitions b 1,018 8,053 (87%) 2,793 9,548 (71%)
             
Equity ratio (September 30) (%) 46.2 42.8 . 46.2 42.8 .
Net debt (September 30) 17,804 18,026 (1%) 17,804 18,026 (1%)
Cash flows from operating activities 1,998 2,930 (32%) 4,317 6,385 (32%)
Free cash flow 1,072 1,951 (45%) 1,669 3,957 (58%)

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 October 24, 2019