Deviations from the forecast
Outlook for the | 2019 | 2020 | 2020 | 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.
