Five-Year Summary

Five-Year Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2017

 

2018

 

2019

 

2020

 

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

Core volume growth1

 

+7.5%

 

+3.4%

 

+1.5%

 

+2.0%

 

–5.6%

Sales

 

11,904

 

14,138

 

14,616

 

12,412

 

10,706

Polyurethanes

 

5,927

 

7,660

 

7,362

 

5,779

 

5,021

Polycarbonates

 

3,298

 

3,737

 

4,051

 

3,473

 

2,985

Coatings, Adhesives, Specialties

 

2,040

 

2,053

 

2,361

 

2,369

 

2,039

EBITDA

 

2,014

 

3,435

 

3,200

 

1,604

 

1,472

EBIT

 

1,331

 

2,808

 

2,580

 

852

 

696

Financial result

 

(196)

 

(150)

 

(104)

 

(91)

 

(91)

Net income

 

795

 

2,009

 

1,823

 

552

 

459

Earnings per share (€)2

 

3.93

 

9.93

 

9.46

 

3.02

 

2.48

Operating cash flows

 

1,786

 

2,361

 

2,376

 

1,383

 

1,234

Cash outflows for additions to property, plant, equipment and intangible assets

 

419

 

518

 

707

 

910

 

704

Free operating cash flow

 

1,367

 

1,843

 

1,669

 

473

 

530

Trade working capital3

 

1,859

 

2,177

 

2,353

 

1,965

 

1,949

Net financial debt

 

1,499

 

283

 

348

 

989

 

356

ROCE

 

+14.2%

 

+33.4%

 

+29.5%

 

+8.4%

 

+7.0%

Employees (in FTE)

 

15,579

 

16,176

 

16,770

 

17,201

 

16,501

1

Values calculated based on the definition of the core business effective March 31 of the respective subsequent year.

2

Figures based on weighted average number of voting shares outstanding that were subject to relevant changes resulting from, among other factors, the IPO on October 6, 2015, the share buyback program of November 21, 2017, through December 4, 2018, and the capital increase on October 19, 2020.

3

Trade working capital includes inventories plus trade accounts receivable and contract assets, less trade accounts payable, contract liabilities, and refund liabilities as of December 31, 2018 to 2020. In the years 2016 and 2017, trade working capital comprised inventories plus trade accounts receivable, less trade accounts payable. Reference information for 2018 and 2019 was restated accordingly, see note 4 “Change in presentation of rebates granted to customers and trade working capital.”