Business development

Deviations from the forecast

Outlook for the
2020 financial year

2019

2020
(Mar 2020
forecast
)

2020
(Jul 2020
forecast
)

2020

 

Revenues (€ billion)

44.4

 

>38.5

39.9

EBIT adjusted (€ billion)

1.8

 

>–3.5

2.9

ROCE(%)

4.3

 

7.0

Debt coverage (%)

15.3

 

0.8

  above previous year’s figure
  at previous year’s level
  below previous year’s figure

Overall, the development of the income situation was within our expectations, which we had been partly expecting in July 2020. Generally, the recovery in demand in the spring and summer of 2020 was somewhat faster than expected, and more than compensated the effects of the interruption of the recovery in the last quarter of 2020. As a result, revenue and operating profit fell somewhat less sharply than expected. The development of return on capital employed (ROCE) and debt coverage proceeded as expected.

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