Consolidated financial statements
T€ |
|
Disclosure |
|
2019 |
|
20181 |
||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||
+ |
Revenue |
|
VI.1 |
|
1,567,967 |
|
1,508,817 |
|||||
+/– |
Changes in inventories and work in progress |
|
|
|
40 |
|
-672 |
|||||
+ |
Own work capitalized |
|
VI.2 |
|
16,689 |
|
15,835 |
|||||
+ |
Other income |
|
VI.3 |
|
26,436 |
|
29,731 |
|||||
|
Total income |
|
|
|
1,611,132 |
|
1,553,711 |
|||||
– |
Cost of materials |
|
VI.4 |
|
-413,210 |
|
-393,602 |
|||||
– |
Personnel expenses |
|
VI.5 |
|
-537,239 |
|
-507,713 |
|||||
– |
Other expenses2 |
|
VI.6 |
|
-106,369 |
|
-114,318 |
|||||
|
Earnings before interest, taxes, depreciation, and amortization (EBITDA) |
|
|
|
554,314 |
|
538,078 |
|||||
– |
Depreciation and amortization |
|
VI.7 |
|
-208,835 |
|
-214,578 |
|||||
|
Operating result (EBIT) |
|
|
|
345,479 |
|
323,500 |
|||||
+ |
Interest result |
|
VI.8 |
|
-78,233 |
|
-84,338 |
|||||
+/– |
Other financial result |
|
VI.8 |
|
-11,812 |
|
-17,813 |
|||||
|
Financial result |
|
|
|
-90,045 |
|
-102,151 |
|||||
+ |
Result from companies accounted for using the equity method |
|
VII.4 |
|
1,388 |
|
1,173 |
|||||
|
Earnings before taxes (EBT) |
|
|
|
256,822 |
|
222,522 |
|||||
+/– |
Income taxes |
|
VI.9 |
|
-78,975 |
|
-72,895 |
|||||
|
Group profit/loss for the year (EAT) |
|
|
|
177,847 |
|
149,627 |
|||||
|
of which assignable to owners of the company |
|
|
|
177,842 |
|
149,626 |
|||||
|
of which assignable to non-controlling interests |
|
|
|
5 |
|
1 |
T€ |
|
Angabe |
|
2019 |
|
20181 |
||||
---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||
|
Group profit/loss for the year |
|
|
|
177,847 |
|
149,627 |
|||
+/– |
Cash flow hedging |
|
VII.16 |
|
11,406 |
|
10,742 |
|||
+/– |
Deferred taxes not affecting profit or loss |
|
VII.6 |
|
-2,281 |
|
-2,149 |
|||
|
Items to be reclassified to the statement of profit or loss |
|
|
|
9,125 |
|
8,593 |
|||
+/– |
Actuarial gains/losses |
|
VII.17 |
|
-5,351 |
|
811 |
|||
+/– |
Deferred taxes not affecting profit or loss |
|
VII.6 |
|
1,488 |
|
-225 |
|||
+/– |
Effects of foreign currency translation |
|
|
|
3 |
|
0 |
|||
|
Items not to be reclassified to the statement of profit or loss |
|
|
|
-3,860 |
|
586 |
|||
|
Other comprehensive income net of tax |
|
|
|
5,265 |
|
9,179 |
|||
|
Total comprehensive income |
|
|
|
183,112 |
|
158,806 |
|||
|
of which assignable to owners of the company |
|
|
|
183,107 |
|
158,805 |
|||
|
of which assignable to non-controlling interests |
|
|
|
5 |
|
1 |
Assets |
|
|
|
|
|
|
|
|
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
T€ |
|
Disclosure |
|
Dec. 31, |
|
Dec. 31, |
|
Jan. 1, |
|||||||
|
|||||||||||||||
Intangible assets |
|
VII.1 |
|
21,162 |
|
19,572 |
|
17,477 |
|||||||
Property, plant, and equipment3 |
|
VII.2 |
|
4,951,956 |
|
4,821,005 |
|
4,836,610 |
|||||||
Investment property |
|
VII.3 |
|
155,358 |
|
150,889 |
|
151,872 |
|||||||
Investments in companies accounted for using the equity method |
|
VII.4 |
|
4,138 |
|
3,657 |
|
4,116 |
|||||||
Receivables |
|
VII.5 |
|
5,201 |
|
3,539 |
|
53 |
|||||||
Contract assets |
|
VII.23 |
|
2,232 |
|
0 |
|
– |
|||||||
Other financial assets |
|
|
|
214 |
|
183 |
|
290 |
|||||||
Deferred tax assets |
|
VII.6 |
|
5,497 |
|
4,864 |
|
4,148 |
|||||||
Other assets |
|
VII.9 |
|
6,153 |
|
6,631 |
|
774 |
|||||||
Non-current assets |
|
|
|
5,151,911 |
|
5,010,340 |
|
5,015,340 |
|||||||
Inventories |
|
VII.7 |
|
37,483 |
|
39,193 |
|
41,567 |
|||||||
Receivables |
|
VII.8 |
|
94,229 |
|
76,057 |
|
86,545 |
|||||||
Contract assets |
|
VII.23 |
|
7,315 |
|
4,617 |
|
– |
|||||||
Other financial assets |
|
VII.8 |
|
1 |
|
0 |
|
202 |
|||||||
Current income tax assets |
|
|
|
5,123 |
|
4,899 |
|
5,496 |
|||||||
Other assets |
|
VII.9 |
|
35,872 |
|
9,243 |
|
7,066 |
|||||||
Short-term deposits |
|
VII.10 |
|
168,767 |
|
209,446 |
|
158,000 |
|||||||
Cash and cash equivalents |
|
VII.10 |
|
39,576 |
|
12,377 |
|
6,625 |
|||||||
Current assets |
|
|
|
388,366 |
|
355,832 |
|
305,501 |
|||||||
Assets held for sale |
|
VII.11 |
|
1,746 |
|
1,495 |
|
1,015 |
|||||||
Assets |
|
|
|
5,542,023 |
|
5,367,667 |
|
5,321,856 |
Equity and Liabilities |
|
|
|
|
|
|
|
|
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
T€ |
|
Disclosure |
|
Dec. 31, |
|
Dec. 31, |
|
Jan. 1, |
|||||||
|
|||||||||||||||
Subscribed capital |
|
VII.12 |
|
306,776 |
|
306,776 |
|
306,776 |
|||||||
Reserves |
|
VII.12 |
|
147,490 |
|
151,353 |
|
150,767 |
|||||||
Other equity |
|
VII.12 |
|
1,923,854 |
|
1,766,853 |
|
1,640,269 |
|||||||
Non-controlling interests |
|
|
|
19 |
|
14 |
|
13 |
|||||||
Equity |
|
|
|
2,378,139 |
|
2,224,996 |
|
2,097,825 |
|||||||
Financial liabilities from interests in partnerships |
|
VII.14 |
|
354,047 |
|
346,058 |
|
315,375 |
|||||||
Payables |
|
VII.15 |
|
14,211 |
|
12,365 |
|
12,498 |
|||||||
Other financial liabilities3 |
|
VII.15 |
|
1,148,779 |
|
1,314,692 |
|
1,393,047 |
|||||||
Employee benefits |
|
VII.17 |
|
61,965 |
|
50,864 |
|
50,163 |
|||||||
Other provisions |
|
VII.18 |
|
91,984 |
|
89,769 |
|
91,300 |
|||||||
Deferred tax liabilities |
|
VII.6 |
|
424,400 |
|
429,186 |
|
437,608 |
|||||||
Other liabilities |
|
VII.20 |
|
15,807 |
|
16,886 |
|
17,305 |
|||||||
Non-current liabilities |
|
|
|
1,757,146 |
|
1,913,762 |
|
2,001,921 |
|||||||
Payables |
|
VII.19 |
|
151,620 |
|
162,502 |
|
159,303 |
|||||||
Contract liabilities |
|
VII.23 |
|
2,244 |
|
2,045 |
|
– |
|||||||
Other financial liabilities2 |
|
VII.19 |
|
813,645 |
|
640,442 |
|
677,649 |
|||||||
Employee benefits |
|
VII.17 |
|
47,587 |
|
43,485 |
|
40,887 |
|||||||
Other provisions |
|
VII.18 |
|
11,445 |
|
14,363 |
|
10,074 |
|||||||
Current income tax liabilities |
|
|
|
8,209 |
|
7,339 |
|
7,406 |
|||||||
Other liabilities |
|
VII.20 |
|
17,941 |
|
12,675 |
|
11,416 |
|||||||
Current liabilities |
|
|
|
1,052,691 |
|
882,851 |
|
906,735 |
|||||||
Equity and liabilities |
|
|
|
5,542,023 |
|
5,367,667 |
|
5,321,856 |
|
|
Disclosure |
|
Subscribed capital |
|
Reserves |
|
Other equity |
|
Non-controlling interests |
|
Equity |
|||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
T€ |
|
|
|
|
|
Capital reserve |
|
Revenue reserve |
|
|
|
|
|
|
|||
|
|||||||||||||||||
As of Dec. 31, 2017 |
|
VII.12 |
|
306,776 |
|
102,258 |
|
48,509 |
|
1,628,698 |
|
13 |
|
2,086,254 |
|||
Changes as a result of |
|
|
|
0 |
|
0 |
|
0 |
|
11,571 |
|
0 |
|
11,571 |
|||
As of Jan. 1, 2018 (adjusted) |
|
|
|
306,776 |
|
102,258 |
|
48,509 |
|
1,640,269 |
|
13 |
|
2,097,825 |
|||
Impact arising from first-time application of |
|
|
|
0 |
|
0 |
|
0 |
|
-1,635 |
|
0 |
|
-1,635 |
|||
As of Jan. 1, 2018 |
|
|
|
306,776 |
|
102,258 |
|
48,509 |
|
1,638,634 |
|
13 |
|
2,096,190 |
|||
Group profit/loss for the year |
|
|
|
0 |
|
0 |
|
0 |
|
149,626 |
|
1 |
|
149,627 |
|||
Other comprehensive income |
|
|
|
0 |
|
0 |
|
586 |
|
8,593 |
|
0 |
|
9,179 |
|||
Total comprehensive income |
|
|
|
0 |
|
0 |
|
586 |
|
158,219 |
|
1 |
|
158,806 |
|||
Distributions |
|
|
|
0 |
|
0 |
|
0 |
|
-30,000 |
|
0 |
|
-30,000 |
|||
Transactions with shareholders |
|
|
|
0 |
|
0 |
|
0 |
|
-30,000 |
|
0 |
|
-30,000 |
|||
As of Dec. 31, 20181 |
|
VII.12 |
|
306,776 |
|
102,258 |
|
49,095 |
|
1,766,853 |
|
14 |
|
2,224,996 |
|||
Group profit/loss for the year |
|
|
|
0 |
|
0 |
|
0 |
|
177,842 |
|
5 |
|
177,847 |
|||
Other comprehensive income |
|
|
|
0 |
|
0 |
|
-3,863 |
|
9,128 |
|
0 |
|
5,265 |
|||
Total comprehensive income |
|
|
|
0 |
|
0 |
|
-3,863 |
|
186,970 |
|
5 |
|
183,112 |
|||
Distributions |
|
|
|
0 |
|
0 |
|
0 |
|
-30,000 |
|
0 |
|
-30,000 |
|||
Transactions with shareholders |
|
|
|
0 |
|
0 |
|
0 |
|
-30,000 |
|
0 |
|
-30,000 |
|||
Effects of foreign currency translation |
|
|
|
0 |
|
0 |
|
0 |
|
31 |
|
0 |
|
31 |
|||
As of Dec. 31, 2019 |
|
VII.12 |
|
306,776 |
|
102,258 |
|
45,232 |
|
1,923,854 |
|
19 |
|
2,378,139 |
T€ |
|
Disclosure |
|
2019 |
|
20181 |
||||
---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||
|
Total comprehensive income |
|
|
|
183,112 |
|
158,806 |
|||
+ |
Deferred taxes not affecting profit or loss |
|
|
|
793 |
|
2,374 |
|||
+ |
Actuarial gains/losses |
|
|
|
5,351 |
|
-811 |
|||
+ |
Cash flow hedging |
|
|
|
-11,406 |
|
-10,742 |
|||
|
Changes due to foreign currency translation |
|
|
|
-3 |
|
0 |
|||
|
Group profit/loss for the year (EAT) |
|
|
|
177,847 |
|
149,627 |
|||
|
Result from companies accounted for using the equity method |
|
|
|
-1,388 |
|
-1,173 |
|||
|
Income taxes |
|
|
|
78,975 |
|
72,895 |
|||
|
Financial result |
|
|
|
90,045 |
|
102,151 |
|||
|
Operating result (EBIT) |
|
|
|
345,479 |
|
323,500 |
|||
|
Depreciation and amortization |
|
|
|
208,835 |
|
214,578 |
|||
|
Gains/losses from disposal of fixed assets |
|
|
|
2,481 |
|
3,104 |
|||
|
Increase/decrease in inventories |
|
|
|
1,710 |
|
2,374 |
|||
|
Increase/decrease in current receivables |
|
|
|
-18,172 |
|
10,487 |
|||
|
Increase/decrease in liabilities |
|
|
|
-8,932 |
|
3,234 |
|||
|
Increase/decrease in employee benefits |
|
|
|
9,031 |
|
3,393 |
|||
|
Increase/decrease in other provisions |
|
|
|
-3,573 |
|
4,451 |
|||
|
Increase/decrease in other assets/liabilities not related to investing and financing activities |
|
|
|
-23,243 |
|
-12,950 |
|||
|
Gross cash flow from operating activities |
|
|
|
513,616 |
|
552,171 |
|||
|
Net income taxes paid/received |
|
|
|
-84,542 |
|
-83,875 |
|||
|
Cash flow from operating activities |
|
|
|
429,074 |
|
468,296 |
|||
|
Proceeds from sale of owner-occupied property, plant, and equipment |
|
|
|
5,138 |
|
5,853 |
|||
|
Proceeds from sale of intangible assets |
|
|
|
707 |
|
404 |
|||
|
Proceeds from sale of investment property |
|
|
|
0 |
|
117 |
|||
|
Proceeds of distributions from associated companies |
|
|
|
1,173 |
|
1,632 |
|||
|
Payments for investments in owner-occupied property, plant, and equipment |
|
|
|
-306,980 |
|
-191,146 |
|||
|
Payments for investments in intangible assets |
|
|
|
-6,870 |
|
-8,328 |
|||
|
Payments for investments in investment property |
|
|
|
-5,592 |
|
-5,174 |
|||
|
Payments from acquisition of subsidiaries |
|
|
|
-1,200 |
|
0 |
|||
|
Interest received |
|
|
|
382 |
|
275 |
|||
|
Changes in connection with companies not fully consolidated |
|
|
|
-275 |
|
96 |
|||
|
Changes in short-term deposits |
|
|
|
40,679 |
|
-52,000 |
|||
+ |
Cash flow from investing activities |
|
|
|
-272,838 |
|
-248,271 |
|||
|
Payments for distributions to shareholders |
|
IX |
|
-30,000 |
|
-30,000 |
|||
|
Proceeds from borrowings |
|
IX |
|
71,111 |
|
13,200 |
|||
|
Repayments of borrowings from banks |
|
IX |
|
-79,406 |
|
-125,713 |
|||
|
Repayments of lease liabilities |
|
|
|
-4,903 |
|
– |
|||
|
Repayments of financial liabilities from interests in partnerships |
|
IX |
|
-36,919 |
|
-22,330 |
|||
|
Cash flows from Group-wide cash management with associates and shareholdings |
|
IX |
|
-4,460 |
|
-572 |
|||
|
Interest paid (excluding borrowing costs for qualifying assets) |
|
IX |
|
-39,743 |
|
-43,942 |
|||
|
Payments for borrowing costs for qualifying assets |
|
IX |
|
-4,717 |
|
-4,916 |
|||
+ |
Cash flow from financing activities |
|
IX |
|
-129,037 |
|
-214,273 |
|||
|
Change in cash and cash equivalents |
|
|
|
27,199 |
|
5,752 |
|||
|
Cash and cash equivalents at the beginning of the year |
|
|
|
12,377 |
|
6,625 |
|||
|
Cash and cash equivalents at the end of the year |
|
|
|
39,576 |
|
12,377 |