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MESSAGE FROM THE BOARD OF MANAGEMENT

THE GROUP AT A GLANCE

Key figures            
IN € MILLION   2020 2019 2018 2017 2016
    IFRS IFRS IFRS IFRS IFRS
Business development            
Revenue   2,486.0 2,590.1 2,498.5 2,427.6 2,343.2
Personnel expenses   1,542.9 1,572.9 1,510.0 1,464.1 1,421.2
Cash flow from operating activities   417.1 315.0 208.2 258.3 241.5
Free cash flow1   302.4 197.3 105.2 169.2 164.1
Capital expenditures   110.7 126.0 100.6 87.1 86.6
EBIT2   172.0 202.8 105.5 201.3 198.8
Income before taxes   158.2 184.4 94.6 190.2 182.6
Consolidated net income   111.0 132.6 48.2 138.8 130.5
EVA (Economic Value Added)   39.0 64.0 12.9 80.7 80.9
EBIT margin IN % 6.9 7.8 4.2 8.3 8.5
EBIT margin, adjusted IN % 8.3 8.7 8.9 8.9 8.6
EBT margin IN % 6.4 7.1 3.8 7.8 7.8
EBT margin, adjusted IN % 7.8 8.2 8.5 8.5 7.9
             
Assets            
Non-current assets   1,692.4 1,585.0 1,203.5 1,193.7 1,222.4
Current assets   926.4 855.2 868.3 846.9 791.4
Balance sheet total   2,618.8 2,440.2 2,071.8 2,040.6 2,013.8
Equity ratio IN % 36.5 37.2 38.8 38.9 31.9
             
Employees (annual average)            
Full-time equivalents   22,803 23,024 22,424 22,117 21,738
             
Headcount            
As of December 31   25,196 25,015 24,529 24,231 23,997

1 _ Free cash flow: Cash flow from operating activities less cash paid for investments in intangible assets, property, plant and equipment and investment property.

2 _ EBIT: Earnings before interest, before other financial result and before income tax, but after income from participations.

2,486.0 MILLION

REVENUE

110.7MILLION

CAPITAL EXPENDITURES

158.2MILLION

INCOME BEFORE TAXES

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