Segment Reporting
|
|
|
Consumer |
|
tesa |
|
Group |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|||||||
Net sales |
|
|
7,780 |
|
8,162 |
|
1,667 |
|
1,688 |
|
9,447 |
|
9,850 |
|||||||
Change (nominal) |
(in %) |
|
9.1 |
|
4.9 |
|
0.0 |
|
1.2 |
|
7.4 |
|
4.3 |
|||||||
Change (organic) |
(in %) |
|
12.5 |
|
7.5 |
|
3.2 |
|
1.9 |
|
10.8 |
|
6.5 |
|||||||
Share of Group sales |
(in %) |
|
82.4 |
|
82.9 |
|
17.6 |
|
17.1 |
|
100.0 |
|
100.0 |
|||||||
EBITDA |
|
|
1,203 |
|
1,300 |
|
351 |
|
351 |
|
1,554 |
|
1,651 |
|||||||
Operating result (EBIT) |
|
|
834 |
|
1,027 |
|
271 |
|
267 |
|
1,105 |
|
1,294 |
|||||||
as % of sales |
|
|
10.7 |
|
12.6 |
|
16.3 |
|
15.8 |
|
11.7 |
|
13.1 |
|||||||
Operating result (EBIT, excluding special factors)1 3 |
|
1,002 |
|
1,094 |
|
266 |
|
276 |
|
1,268 |
|
1,370 |
||||||||
as % of sales |
|
|
12.9 |
|
13.4 |
|
16.0 |
|
16.3 |
|
13.4 |
|
13.9 |
|||||||
Gross operating capital1 |
|
|
5,668 |
|
6,152 |
|
1,195 |
|
1,227 |
|
6,863 |
|
7,379 |
|||||||
Operating liabilities1 |
|
|
2,804 |
|
3,172 |
|
302 |
|
306 |
|
3,106 |
|
3,478 |
|||||||
EBIT return on net operating capital1 |
(in %) |
|
29.1 |
|
34.5 |
|
30.4 |
|
28.9 |
|
29.4 |
|
33.2 |
|||||||
Gross cash flow |
|
|
807 |
|
1,007 |
|
250 |
|
262 |
|
1,057 |
|
1,269 |
|||||||
Capital expenditure2 |
|
|
418 |
|
374 |
|
99 |
|
63 |
|
517 |
|
437 |
|||||||
Depreciation and amortization |
|
|
369 |
|
273 |
|
80 |
|
84 |
|
449 |
|
357 |
|||||||
Research and development expenses |
|
|
241 |
|
270 |
|
79 |
|
84 |
|
320 |
|
354 |
|||||||
Employees |
(as of Dec. 31) |
|
16,769 |
|
17,386 |
|
5,189 |
|
5,405 |
|
21,958 |
|
22,791 |
|||||||
|
||||||||||||||||||||
The operating result (EBIT) of both business segments in the financial years presented is significantly influenced by the cost of sales and the costs of marketing and sales as the largest expense items. In both years, the higher EBIT return in the tesa Business Segment results from a comparatively significantly lower ratio of marketing and selling expenses, which are largely attributable to the Consumer Business Segment. In a comparison of EBIT returns, this more than offsets the comparatively higher ratio of cost of sales at tesa.
The cost of sales amounted to €3,185 million (previous year: €3,127 million) in the Consumer Business Segment and €905 million (previous year: €905 million) in the tesa Business Segment. The Consumer Business Segment accounted for €3,136 million (previous year: €2,934 million) of marketing and sales costs. The tesa Business Segment accounted for €325 million (previous year: €316 million).