Annual Report key figures

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 / loss from participations.
Business development (in € million)		2024	2023	2022	2021	2020
Key figures
Revenue		3,429.0	3,139.3	2,863.3	2,667.3	2,486.0
Personnel expenses		2,056.1	1,875.9	1,734.1	1,630.5	1,542.9
Cash flow from operating activities		361.3	369.6	292.7	342.7	417.1
Free cash flow¹		201.9	186.9	150.1	228.1	302.4
Capital expenditures		150.5	180.5	153.8	106.3	110.7
EBIT²		216.6	217.7	195.0	225.2	172.0
Income before taxes		225.0	225.1	182.7	215.1	158.2
Consolidated net income		159.9	176.8	132.6	154.5	111.0
ROCE	in %	10.1	11.5
EBIT margin	in %	6.3	6.9	6.8	8.4	6.9
EBIT margin, adjusted	in %	6.9	7.6	7.7	8.8	8.3
EBT margin	in %	6.6	7.2	6.4	8.1	6.4
EBT margin, adjusted	in %	7.1	7.9	7.1	8.4	7.8

Assets
Non-current assets		2,383.8	1,961.7	1,970.0	1,722.3	1,692.4
Current assets		1,199.5	1,339.5	1,103.9	945.0	926.4
Total assets		3,583.3	3,301.2	3,073.9	2,667.3	2,618.8
Equity ratio	in %	54.7	54.7	54.6	48.2	36.5

Employees
Full-time equivalents (annual average)		26,529	25,023	23,957	23,220	22,803

Headcount
As of December 31		29,989	27,905	26,595	25,538	25,196

The 3 most important key figures