Annual Report 2023

Annual Report 2023

13. Inventories

(in € million)

 

 

Dec. 31, 2022

 

Dec. 31, 2023

Raw materials, consumables, and supplies

 

366

 

363

Work in progress

 

78

 

77

Finished goods and merchandise

 

1,109

 

1,069

Advance payments

 

4

 

5

 

 

1,557

 

1,514

Inventories decreased by €43 million compared with the previous year to €1,514 million, €217 million of which (previous year: €218 million) was carried at net realizable value. Write-downs of inventories amounted to €139 million as of the reporting date (previous year: €105 million).

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