Consolidated results
| In millions of € | 2024 | 2023 | Change in % |
|---|---|---|---|
| Revenue | 35,955 | 36,375 | (1.2%) |
| Net revenue | 29,821 | 30,362 | (1.8%) |
| Net revenue (beia) | 29,964 | 30,308 | (1.1%) |
| Operating profit | 3,517 | 3,229 | 8.9% |
| Operating profit (beia) | 4,512 | 4,443 | 1.6% |
| Net profit | 978 | 2,304 | (57.6%) |
| Net profit (beia) | 2,739 | 2,632 | 4.1% |
| EBITDA (beia) | 6,685 | 6,541 | 2.2% |
| Dividend (proposed) | 1,042 | 969 | 7.5% |
| Free operating cash flow | 3,058 | 1,759 | 73.8% |
Balance sheet
| In millions of € | 2024 | 2023 | Change in % |
|---|---|---|---|
| Total assets | 53,773 | 55,153 | (2.5%) |
| Shareholders' equity | 19,581 | 20,056 | (2.4%) |
| Net debt position | 14,651 | 15,835 | (7.5%) |
| Market capitalisation | 38,825 | 51,852 | (25.1%) |
Per share
| 2024 | 2023 | Change in % | |
|---|---|---|---|
| Weighted average number of shares - basic | 560,188,961 | 563,448,845 | (0.6%) |
| Net profit | 1.75 | 4.09 | (57.2%) |
| Net profit (beia) | 4.89 | 4.67 | 4.7% |
| Dividend (proposed) | 1.86 | 1.73 | 7.5% |
| Free operating cash flow | 5.46 | 3.12 | 75.0% |
| Shareholders' equity | 34.95 | 35.60 | (1.8%) |
| Share price | 68.70 | 91.94 | (25.3%) |
| Weighted average number of shares - diluted | 560,639,030 | 563,979,620 | (0.6%) |
| Net profit (beia) - diluted | 4.89 | 4.67 | 4.7% |
Employees
| 2024 | 2023 | Change in % | |
|---|---|---|---|
| Average number of employees (FTE) | 88,497 | 89,732 | (1.4%) |
Ratios
| 2024 | 2023 | Change | |
|---|---|---|---|
| Operating profit (beia) as a % of net revenue (beia) | 15.1% | 14.7% | 40 bps |
| Net profit as % of average equity attributable to equity holders of the Company | 4.9% | 11.6 % | (6.7) |
| Net debt/EBITDA (beia) | 2.2 | 2.4 | (0.2) |
| Dividend % payout | 38.0% | 36.8% | 1.2 |
| Cash conversion ratio | 102.6% | 61.4% | 41.2 |
1(beia) is before exceptional items and amortisation of acquisition-related intangible assets. Please refer to the Glossary section for an explanation of non-GAAP measures and other terms used throughout this report.