Segment and Quarterly Overview
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Performance Materials |
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Solutions & Specialties |
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Others/ |
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Covestro Group |
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4th quarter 20201, 2 |
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4th quarter 2021 |
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4th quarter 20201, 2 |
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4th quarter 2021 |
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4th quarter 20201, 2 |
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4th quarter 2021 |
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4th quarter 2020 |
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4th quarter 2021 |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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Sales (external) |
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1,594 |
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2,259 |
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1,371 |
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2,005 |
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42 |
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74 |
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3,007 |
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4,338 |
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Intersegment sales |
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257 |
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596 |
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6 |
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8 |
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(263) |
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(604) |
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– |
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– |
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Sales (total) |
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1,851 |
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2,855 |
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1,377 |
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2,013 |
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(221) |
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(530) |
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3,007 |
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4,338 |
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Change in sales |
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Volume |
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+0.5% |
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–3.4% |
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+75.3% |
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+4.7% |
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–0.2% |
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Price |
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+37.6% |
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+25.6% |
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0.0% |
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+5.4% |
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+31.6% |
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Currency |
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+3.6% |
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+4.1% |
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+0.9% |
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–4.0% |
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+3.8% |
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Portfolio |
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0.0% |
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+19.9% |
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0.0% |
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–1.1% |
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+9.1% |
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Core volume growth3 |
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–0.8% |
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+13.0% |
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+1.7% |
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+4.6% |
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Sales by region |
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EMLA |
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759 |
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1,039 |
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499 |
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722 |
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30 |
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61 |
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1,288 |
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1,822 |
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NA |
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340 |
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582 |
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305 |
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457 |
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9 |
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10 |
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654 |
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1,049 |
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APAC |
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495 |
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638 |
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567 |
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826 |
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3 |
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3 |
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1,065 |
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1,467 |
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EBITDA4 |
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465 |
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590 |
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194 |
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112 |
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(22) |
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(39) |
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637 |
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663 |
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EBIT4 |
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321 |
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445 |
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133 |
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41 |
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(22) |
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(41) |
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432 |
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445 |
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Depreciation, amortization, impairment losses and impairment loss reversals |
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144 |
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145 |
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61 |
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71 |
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– |
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2 |
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205 |
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218 |
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Cash flows from operating activities |
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327 |
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665 |
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284 |
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175 |
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24 |
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(192) |
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635 |
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648 |
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Cash outflows for additions to property, plant, equipment and intangible assets |
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169 |
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168 |
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70 |
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122 |
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2 |
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2 |
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241 |
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292 |
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Free operating cash flow |
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158 |
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497 |
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214 |
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53 |
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22 |
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(194) |
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394 |
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356 |
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Trade working capital5 |
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970 |
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1,392 |
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978 |
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1,560 |
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1 |
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– |
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1,949 |
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2,952 |
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Performance Materials |
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Solutions & Specialties |
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Others/ |
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Covestro Group |
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20201, 2 |
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20212 |
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20201, 2 |
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20212 |
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20201, 2 |
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20212 |
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2020 |
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2021 |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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Sales (external) |
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5,468 |
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8,142 |
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5,060 |
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7,554 |
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178 |
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207 |
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10,706 |
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15,903 |
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Intersegment sales |
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947 |
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2,195 |
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23 |
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27 |
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(970) |
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(2,222) |
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– |
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– |
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Sales (total) |
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6,415 |
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10,337 |
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5,083 |
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7,581 |
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(792) |
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(2,015) |
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10,706 |
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15,903 |
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Change in sales |
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Volume |
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+1.6% |
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+11.8% |
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+17.0% |
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–5.1% |
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+6.5% |
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Price |
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+48.1% |
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+21.3% |
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0.0% |
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–5.7% |
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+34.7% |
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Currency |
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–0.8% |
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–0.9% |
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–0.7% |
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–1.6% |
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–0.8% |
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Portfolio |
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0.0% |
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+17.1% |
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0.0% |
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–1.3% |
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+8.1% |
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Core volume growth3 |
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+0.3% |
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+26.0% |
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–5.6% |
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+10.0% |
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Sales by region |
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EMLA |
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2,572 |
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3,878 |
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1,894 |
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2,835 |
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134 |
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163 |
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4,600 |
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6,876 |
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NA |
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1,347 |
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1,926 |
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1,175 |
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1,594 |
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32 |
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33 |
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2,554 |
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3,553 |
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APAC |
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1,549 |
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2,338 |
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1,991 |
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3,125 |
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12 |
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11 |
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3,552 |
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5,474 |
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EBITDA4 |
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896 |
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2,572 |
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743 |
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751 |
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(167) |
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(238) |
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1,472 |
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3,085 |
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EBIT4 |
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323 |
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2,003 |
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545 |
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503 |
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(172) |
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(244) |
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696 |
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2,262 |
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Depreciation, amortization, impairment losses and impairment loss reversals |
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573 |
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569 |
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198 |
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248 |
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5 |
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6 |
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776 |
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823 |
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Cash flows from operating activities |
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674 |
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1,875 |
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649 |
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418 |
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(89) |
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(100) |
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1,234 |
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2,193 |
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Cash outflows for additions to property, plant, equipment and intangible assets |
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498 |
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488 |
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203 |
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273 |
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3 |
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3 |
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704 |
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764 |
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Free operating cash flow |
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176 |
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1,387 |
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446 |
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145 |
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(92) |
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(103) |
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530 |
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1,429 |
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Trade working capital5 |
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970 |
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1,392 |
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978 |
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1,560 |
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1 |
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– |
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1,949 |
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2,952 |
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1st |
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2nd |
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3rd |
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4th |
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1st |
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2nd |
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3rd |
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4th |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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€ million |
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Sales (external) |
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2,783 |
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2,156 |
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2,760 |
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3,007 |
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3,307 |
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3,956 |
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4,302 |
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4,338 |
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Performance Materials |
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1,383 |
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1,055 |
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1,436 |
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1,594 |
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1,740 |
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1,957 |
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2,186 |
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2,259 |
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Solutions & Specialties |
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1,341 |
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1,060 |
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1,288 |
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1,371 |
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1,529 |
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1,951 |
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2,069 |
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2,005 |
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Core volume growth2 |
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–4.1% |
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–22.7% |
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+2.9% |
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+1.7% |
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+5.3% |
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+35.0% |
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+0.8% |
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+4.6% |
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EBITDA |
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254 |
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125 |
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456 |
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637 |
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743 |
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817 |
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862 |
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663 |
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Performance Materials3 |
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115 |
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37 |
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279 |
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465 |
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630 |
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644 |
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708 |
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590 |
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Solutions & Specialties3 |
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209 |
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123 |
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217 |
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194 |
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181 |
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237 |
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221 |
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112 |
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EBIT |
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67 |
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(68) |
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265 |
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432 |
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556 |
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607 |
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654 |
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445 |
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Performance Materials3 |
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(26) |
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(107) |
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135 |
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321 |
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489 |
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502 |
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567 |
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445 |
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Solutions & Specialties3 |
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165 |
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75 |
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172 |
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133 |
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138 |
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170 |
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154 |
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41 |
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Financial result |
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(39) |
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(17) |
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(22) |
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(13) |
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(29) |
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(18) |
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(20) |
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(10) |
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Income before income taxes |
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28 |
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(85) |
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243 |
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419 |
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527 |
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589 |
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634 |
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435 |
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Income after taxes |
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21 |
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(53) |
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180 |
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306 |
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395 |
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450 |
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473 |
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301 |
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Net income |
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20 |
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(52) |
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179 |
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312 |
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393 |
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449 |
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472 |
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302 |
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Cash flows from operating activities |
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(110) |
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171 |
|
538 |
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635 |
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428 |
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553 |
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564 |
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648 |
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Cash outflows for additions to property, plant, equipment and intangible assets |
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139 |
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147 |
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177 |
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241 |
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110 |
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179 |
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183 |
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292 |
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Free operating cash flow |
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(249) |
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24 |
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361 |
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394 |
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318 |
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374 |
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381 |
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356 |
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