2019

2020

2021

2022

2023

Results, in millions of euro

Net sales

19,172

16,723

20,002

25,647

22,750

Income from operations
before exceptional items and amortisation

681

550

633

664

792

Income from operations

305

602

525

471

590

Income

434

488

972

377

380

Amortisation, depreciation and impairments

680

663

671

860

764

Income taxes

100

138

273

327

287

Dividend

251

233

291

291

291

Cash flows, in millions of euro

Changes in working capital

( 88)

345

( 323)

( 88)

( 10)

Operational cash flow

927

1,063

1,060

1,032

985

Investment cash flow

( 628)

( 701)

( 1,292)

( 1,179)

( 810)

Free cash flow

299

362

( 232)

( 147)

175

Financing cash flow

( 485)

( 121)

161

330

( 483)

Financial position, in millions of euro

Shareholders’ equity

6,381

6,331

6,467

6,611

6,594

Equity of the Group

6,489

6,412

6,550

6,695

6,683

Total assets

13,078

12,535

14,722

15,868

15,239

Ratio information

Income as a percentage of shareholders’ equity

7%

8%

15%

6%

6%

Equity of the Group as a percentage of total assets

50%

51%

44%

42%

44%

Current assets in relation to short-term liabilities

1.32

1.39

1.15

1.13

1.16

Employees, at December 31

Nominal number

57,500

51,600

56,750

60,450

52,900

Amounts per share

Income

59.68

67.13

134.55

51.77

52.14

Dividend

34.50

32.00

40.00

40.00

40.00

The figures for the years 2019-2022 have been restated.