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2022 Annual Report

On the Move.

2023 Annual Report

 

Consolidated Statement of Income

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€ millions See Note 2023 2022
Sales 6 41,420.5 39,408.9
Cost of sales1,2   -32,612,6 -31,827.6
Gross margin on sales1,2   8,808.0 7,581.3
Research and development expenses1,2 7 -4,125.7 -4,056.8
Selling and logistics expenses1,2   -2,527.7 -2,412.4
Administrative expenses1   -1,354.9 -1,091.7
Other income1 8 1,837.0 1,851.2
Other expenses1 8 -829.2 -1,145.9
Income from equity-accounted investees 10 45.3 28.3
Other income from investments 10 1,2 0.8
EBIT   1,853.8 754.8
Interest income 11 103.4 83.6
Interest expense 11 -419.4 -234.8
Effects from currency translation 11 78.8 -59.6
Effects from changes in the fair value of derivative instruments, and other valuation effects 11 1.4 12.8
Financial result 11 -235.8 -198.0
Earnings before tax   1,618.0 556.8
Income tax expense 12 -424.1 -444.6
Net income   1,193.9 112.2
Non-controlling interests   -37.5 -45.5
Net income attributable to the shareholders of the parent   1,156.4 66.6
     
Basic earnings per share in € 38 5.78 0.33
Diluted earnings per share in € 38 5.78 0.33
Download table overview (MS-Excel)

1 In the year under review, the presentation of income and expenses in connection with specific warranties, restructuring measures, severance payments, as well as impairment and reversal of impairment losses on intangible assets and property, plant and equipment was changed. They are now assigned to the relevant functional areas. The comparative period has been adjusted accordingly.

2 The assignment of income and expenses from certain business activities within the functional areas has been adjusted. The comparative period has been adjusted accordingly

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