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2025 Annual Report

Charting New Paths.

2025 Annual Report

 

Consolidated Statement of Income

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The spin-off of the former Automotive and Contract Manufacturing segments resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. These parts represent discontinued operations.

The individual lines of the consolidated statement of income show the figures for continuing operations in the reporting and comparative periods. Net income comprises earnings after tax from continuing and discontinued operations.

€ millions 2025 2024
Sales 19,676 20,077
Cost of sales –14,565 –14,772
Gross margin on sales 5,110 5,305
Research and development expenses –579 –552
Selling and logistics expenses –1,882 –1,925
Administrative expenses –1,117 –921
Other income 343 532
Other expenses –1,052 –402
Expenses in connection with the valuation of a disposal group –562
Income from equity-accounted investees 8 5
Other income from investments 3 0
EBIT 272 2,043
Interest income 77 62
Interest expense –352 –365
Effects from currency translation –40 48
Effects from changes in the fair value of derivative instruments, and other valuation effects 12 –32
Financial result –303 –287
Earnings before tax from continuing operations –31 1,756
Income tax expense –384 –398
Earnings after tax from continuing operations –415 1,358
Earnings after tax from discontinued operations 280 –159
Net income –135 1,200
Non-controlling interests –30 –32
Net income attributable to the shareholders of the parent –165 1,168
Earnings per share (in €) related to
Basic earnings per share from continuing operations –2.10 6.72
Consolidated basic earnings per share –0.83 5.84
Diluted earnings per share from continuing operations –2.10 6.72
Consolidated diluted earnings per share –0.83 5.84
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