Results of operations

The world economy and global industrial production saw much stronger growth in 2017 than in 2016, while growth in the global chemical industry (excluding pharmaceuticals) was roughly on a level with the previous year. Overall, our business performed extremely well in this market environment, with considerable sales and earnings increases. The Chemicals segment made a particularly strong contribution.

For more on business reviews by segment, see:
Business review Chemicals
Business review Performance Products
Business review Functional Materials & Solutions
Business review Agricultural Solutions
Business review Oil & Gas

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Sales and earnings (million €)

 

 

 

2017

2016

Change in %

1

Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments)

Sales

 

 

64,475

57,550

12.0

Income from operations before depreciation and amortization (EBITDA) and special items

 

 

12,527

10,327

21.3

EBITDA

 

 

12,724

10,526

20.9

EBITDA margin

 

%

19.7

18.3

–

Amortization and depreciation1

 

 

4,202

4,251

(1.2)

Income from operations (EBIT)

 

 

8,522

6,275

35.8

Special items

 

 

194

(34)

.

EBIT before special items

 

 

8,328

6,309

32.0

Financial result

 

 

(722)

(880)

18.0

Income before taxes and minority interests

 

 

7,800

5,395

44.6

Income before minority interests

 

 

6,352

4,255

49.3

Net income

 

 

6,078

4,056

49.9

Earnings per share

 

€

6.62

4.42

49.8

Adjusted earnings per share

 

€

6.44

4.83

33.3

(XLS:) Download

Sales and earnings by quarter in 20172 (million €)

 

 

 

1st quarter

2nd quarter

3rd quarter

4th quarter

Full year

1

Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments)

2

Quarterly results not audited

Sales

 

 

16,857

16,264

15,255

16,099

64,475

Income from operations before depreciation and amortization (EBITDA) and special items

 

 

3,507

3,291

2,793

2,936

12,527

EBITDA

 

 

3,502

3,233

3,007

2,982

12,724

Amortization and depreciation1

 

 

1,051

1,052

1,049

1,050

4,202

Income from operations (EBIT)

 

 

2,451

2,181

1,958

1,932

8,522

Special items

 

 

(6)

(70)

198

72

194

EBIT before special items

 

 

2,457

2,251

1,760

1,860

8,328

Financial result

 

 

(152)

(174)

(185)

(211)

(722)

Income before taxes and minority interests

 

 

2,299

2,007

1,773

1,721

7,800

Net income

 

 

1,709

1,496

1,336

1,537

6,078

Earnings per share

 

€

1.86

1.63

1.45

1.68

6.62

Adjusted earnings per share

 

€

1.97

1.78

1.40

1.29

6.44

(XLS:) Download

Sales and earnings by quarter in 20162 (million €)

 

 

 

1st quarter

2nd quarter

3rd quarter

4th quarter

Full year

1

Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments)

2

Quarterly results not audited

Sales

 

 

14,208

14,483

14,013

14,846

57,550

Income from operations before depreciation and amortization (EBITDA) and special items

 

 

2,843

2,674

2,490

2,320

10,327

EBITDA

 

 

2,812

2,790

2,437

2,487

10,526

Amortization and depreciation1

 

 

946

1,072

973

1,260

4,251

Income from operations (EBIT)

 

 

1,866

1,718

1,464

1,227

6,275

Special items

 

 

(40)

11

(52)

47

(34)

EBIT before special items

 

 

1,906

1,707

1,516

1,180

6,309

Financial result

 

 

(188)

(177)

(283)

(232)

(880)

Income before taxes and minority interests

 

 

1,678

1,541

1,181

995

5,395

Net income

 

 

1,387

1,092

888

689

4,056

Earnings per share

 

€

1.51

1.19

0.97

0.75

4.42

Adjusted earnings per share

 

€

1.64

1.30

1.10

0.79

4.83