30 September 2022
30 September 2021
Results:
Group revenues
T€
| 510,759 |
| 430,963 |
R&D expenses
T€
| (55,320) |
| (53,472) |
Total operating income (expenses)
T€
| (16,836) |
| 26,053 |
Adjusted Group EBITDA
T€
| 44,600 |
| 70,086 |
Net income
T€
| (148,454) |
| 246,988 |
Balance sheet data:
Total stockholders' equity
T€
| 1,228,526 |
| 1,377,685 |
Capital expenditure in property, plant and equipment
T€
| 157,210 |
| 100,183 |
Liquidity
T€
| 823,668 |
| 417,575 |
Balance sheet total
T€
| 2,262,664 |
| 2,235,161 |
Operating cash flow
T€
| 236,633 |
| 61,902 |
Personnel data:
Employees as of 31 December
| 4,715 |
| 4,081 |
Per share:
Result (basic/diluted)
€
| (0.84)/(0.84) |
| 1.50/1.50 |
| Results: | ||
| 30 September 2022 | ||
| 30 September 2021 | ||
| Group revenues | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| R&D expenses | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| Total operating income (expenses) | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| Adjusted Group EBITDA | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| Net income | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| 30 September 2022 | ||
| 30 September 2021 | ||
| Balance sheet data: | ||
| 30 September 2022 | ||
| 30 September 2021 | ||
| Total stockholders' equity | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| Capital expenditure in property, plant and equipment | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| Liquidity | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| Balance sheet total | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| Operating cash flow | ||
| T€ | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| 30 September 2022 | ||
| 30 September 2021 | ||
| Personnel data: | ||
| 30 September 2022 | ||
| 30 September 2021 | ||
| Employees as of 31 December | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
|
| 30 September 2022 | ||
| 30 September 2021 | ||
| Per share: | ||
| 30 September 2022 | ||
| 30 September 2021 | ||
| Result (basic/diluted) | ||
| € | ||
| 30 September 2022 |
|
|
| 30 September 2021 |
|
Multiple-year overview of results of operations and balance sheet as of 31 December 2021
in T€
20171)
20182)
20192)
20202)
2021
Results of operations:
Group revenues
263,765
375,405
446,437
500,925
618,034
Costs of revenue
(181,965)
(263,389)
(313,546)
(375,181)
-466,491
Gross profit
81,800
112,016
132,891
125,743
151,543
R&D expenses
(17,614)
(35,619)
(58,432)
(63,945)
-72.200
SG&A expenses
(42,245)
(56,820)
(66,433)
(77,205)
-105.445
Impairment of goodwill (net)
-
-
(1,647)
-
-
Impairment of intangible assets (net)
(1,180)
(4,364)
(10,272)
(3,244)
-683
Income from bargain purchaise
-
15,400
-
-
-
Other Operating income (and expenses), net
16,104
47,042
66,600
67,207
67,781
Operating result
36,865
77,655
62,707
48,556
40,996
Non-operating income and (expenses), net
(11,162)
(5,464)
(6,032)
(22,716)
195,984
Profit (loss) before taxes
25,703
71,191
56,675
25,840
236,980
Tax income (expense)
(2,383)
12,007
(19,363)
(19,562)
-21,470
Net income
23,320
84,198
37,312
6,278
215,510
Balance sheet data:
Cash, cash equivalents and investments
91,156
149,449
320,022
481,930
858,234
Trade accounts receivable incl. related parties
46,113
48,030
83,616
87,896
134,721
Inventories
5,568
5,660
10,749
13,585
25,793
Deferred tax assets
18,761
42,807
33,779
24,392
17,359
Property, plant and equipment
76,069
90,519
239,229
337,297
484,597
Intangible assets, excluding goodwill
135,033
122,989
116,994
98,036
30,851
Goodwill
220,447
220,791
255,919
247,370
257,569
Other assets3)
72,856
91,116
120,053
171,831
426,037
Total assets
666,003
771,883
1,180,361
1,462,337
2,235,161
Loans and finance leases
189,928
114,465
463,099
491,965
512,917
Trade accounts payable
26,078
31,137
31,319
42,549
72,598
Provisions
37,302
47,943
53,553
62,579
57,281
Contract liabilities
44,844
112,228
104,852
88,914
145,537
Other liabilities4)
34,578
41,208
48,925
51,874
69,143
Total stockholders' equity
333,273
426,380
478,613
724,456
1,377,685
Total liabilities and stockholders' equity
666,003
771,361
1,180,361
1,462,337
2,235,161
Personnel data:
Employees as of 31 December
2,178
2,617
3,030
3,572
4,198
Per share
(in €):
(in €):
Result (basic/diluted)
0.16/0.17
0.56/0.57
0.25/0.25
0.04/0.04
1.30/1.30
| Results of operations: | |
| 20171) | |
| 20182) | |
| 20192) | |
| 20202) | |
| 2021 | |
| Group revenues | |
| 20171) | 263,765 |
| 20182) | 375,405 |
| 20192) | 446,437 |
| 20202) | 500,925 |
| 2021 | 618,034 |
| Costs of revenue | |
| 20171) | (181,965) |
| 20182) | (263,389) |
| 20192) | (313,546) |
| 20202) | (375,181) |
| 2021 | -466,491 |
| Gross profit | |
| 20171) | 81,800 |
| 20182) | 112,016 |
| 20192) | 132,891 |
| 20202) | 125,743 |
| 2021 | 151,543 |
| R&D expenses | |
| 20171) | (17,614) |
| 20182) | (35,619) |
| 20192) | (58,432) |
| 20202) | (63,945) |
| 2021 | -72.200 |
| SG&A expenses | |
| 20171) | (42,245) |
| 20182) | (56,820) |
| 20192) | (66,433) |
| 20202) | (77,205) |
| 2021 | -105.445 |
| Impairment of goodwill (net) | |
| 20171) | - |
| 20182) | - |
| 20192) | (1,647) |
| 20202) | - |
| 2021 | - |
| Impairment of intangible assets (net) | |
| 20171) | (1,180) |
| 20182) | (4,364) |
| 20192) | (10,272) |
| 20202) | (3,244) |
| 2021 | -683 |
| Income from bargain purchaise | |
| 20171) | - |
| 20182) | 15,400 |
| 20192) | - |
| 20202) | - |
| 2021 | - |
| Other Operating income (and expenses), net | |
| 20171) | 16,104 |
| 20182) | 47,042 |
| 20192) | 66,600 |
| 20202) | 67,207 |
| 2021 | 67,781 |
| Operating result | |
| 20171) | 36,865 |
| 20182) | 77,655 |
| 20192) | 62,707 |
| 20202) | 48,556 |
| 2021 | 40,996 |
| Non-operating income and (expenses), net | |
| 20171) | (11,162) |
| 20182) | (5,464) |
| 20192) | (6,032) |
| 20202) | (22,716) |
| 2021 | 195,984 |
| Profit (loss) before taxes | |
| 20171) | 25,703 |
| 20182) | 71,191 |
| 20192) | 56,675 |
| 20202) | 25,840 |
| 2021 | 236,980 |
| Tax income (expense) | |
| 20171) | (2,383) |
| 20182) | 12,007 |
| 20192) | (19,363) |
| 20202) | (19,562) |
| 2021 | -21,470 |
| Net income | |
| 20171) | 23,320 |
| 20182) | 84,198 |
| 20192) | 37,312 |
| 20202) | 6,278 |
| 2021 | 215,510 |
| 20171) | |
| 20182) | |
| 20192) | |
| 20202) | |
| 2021 | |
| Balance sheet data: | |
| 20171) | |
| 20182) | |
| 20192) | |
| 20202) | |
| 2021 | |
| Cash, cash equivalents and investments | |
| 20171) | 91,156 |
| 20182) | 149,449 |
| 20192) | 320,022 |
| 20202) | 481,930 |
| 2021 | 858,234 |
| Trade accounts receivable incl. related parties | |
| 20171) | 46,113 |
| 20182) | 48,030 |
| 20192) | 83,616 |
| 20202) | 87,896 |
| 2021 | 134,721 |
| Inventories | |
| 20171) | 5,568 |
| 20182) | 5,660 |
| 20192) | 10,749 |
| 20202) | 13,585 |
| 2021 | 25,793 |
| Deferred tax assets | |
| 20171) | 18,761 |
| 20182) | 42,807 |
| 20192) | 33,779 |
| 20202) | 24,392 |
| 2021 | 17,359 |
| Property, plant and equipment | |
| 20171) | 76,069 |
| 20182) | 90,519 |
| 20192) | 239,229 |
| 20202) | 337,297 |
| 2021 | 484,597 |
| Intangible assets, excluding goodwill | |
| 20171) | 135,033 |
| 20182) | 122,989 |
| 20192) | 116,994 |
| 20202) | 98,036 |
| 2021 | 30,851 |
| Goodwill | |
| 20171) | 220,447 |
| 20182) | 220,791 |
| 20192) | 255,919 |
| 20202) | 247,370 |
| 2021 | 257,569 |
| Other assets3) | |
| 20171) | 72,856 |
| 20182) | 91,116 |
| 20192) | 120,053 |
| 20202) | 171,831 |
| 2021 | 426,037 |
| Total assets | |
| 20171) | 666,003 |
| 20182) | 771,883 |
| 20192) | 1,180,361 |
| 20202) | 1,462,337 |
| 2021 | 2,235,161 |
| Loans and finance leases | |
| 20171) | 189,928 |
| 20182) | 114,465 |
| 20192) | 463,099 |
| 20202) | 491,965 |
| 2021 | 512,917 |
| Trade accounts payable | |
| 20171) | 26,078 |
| 20182) | 31,137 |
| 20192) | 31,319 |
| 20202) | 42,549 |
| 2021 | 72,598 |
| Provisions | |
| 20171) | 37,302 |
| 20182) | 47,943 |
| 20192) | 53,553 |
| 20202) | 62,579 |
| 2021 | 57,281 |
| Contract liabilities | |
| 20171) | 44,844 |
| 20182) | 112,228 |
| 20192) | 104,852 |
| 20202) | 88,914 |
| 2021 | 145,537 |
| Other liabilities4) | |
| 20171) | 34,578 |
| 20182) | 41,208 |
| 20192) | 48,925 |
| 20202) | 51,874 |
| 2021 | 69,143 |
| Total stockholders' equity | |
| 20171) | 333,273 |
| 20182) | 426,380 |
| 20192) | 478,613 |
| 20202) | 724,456 |
| 2021 | 1,377,685 |
| Total liabilities and stockholders' equity | |
| 20171) | 666,003 |
| 20182) | 771,361 |
| 20192) | 1,180,361 |
| 20202) | 1,462,337 |
| 2021 | 2,235,161 |
| 20171) | |
| 20182) | |
| 20192) | |
| 20202) | |
| 2021 | |
| Personnel data: | |
| 20171) | |
| 20182) | |
| 20192) | |
| 20202) | |
| 2021 | |
| Employees as of 31 December | |
| 20171) | 2,178 |
| 20182) | 2,617 |
| 20192) | 3,030 |
| 20202) | 3,572 |
| 2021 | 4,198 |
| 20171) | |
| 20182) | |
| 20192) | |
| 20202) | |
| 2021 | |
| Per share (in €): |
|
| 20171) | |
| 20182) | |
| 20192) | |
| 20202) | |
| 2021 | |
| Result (basic/diluted) | |
| 20171) | 0.16/0.17 |
| 20182) | 0.56/0.57 |
| 20192) | 0.25/0.25 |
| 20202) | 0.04/0.04 |
| 2021 | 1.30/1.30 |
1) 2017 restated for IFRS 15 and modified by the effect of the finalisation of Aptuit's purchase price allocation in 2018 in accordance with IFRS 3, see Note 4 in the Notes
2) 2018 - 2020 restated for IAS 19
3) Consist of tax receivables, deferred tax assets, contract assets, prepaid expenses, equity investments, other long-term investments and other financial assets
4) Consist of tax receivables, deferred tax assets, contract assets, prepaid expenses, equity investments, other long-term investments and other financial assets
Guidance 2022
(as of 30 September 2022)
Guidance 2022
Guidance 20221) at constant fx
Actual
31 December 2021
31 December 2021
Group revenues
€ 715-735 m
€ 690-710 m
€ 618 m
Unpartnered R&D expenses
€ 70-80 m
-
€ 58 m
Adjusted Group EBITDA2)
(old)
(old)
€ 105-120 m
€ 85-100 m
€ 107 m
| Group revenues |
|
| Guidance 2022 | € 715-735 m |
| Guidance 20221) at constant fx | € 690-710 m |
| Actual 31 December 2021 |
€ 618 m |
| Unpartnered R&D expenses | |
| Guidance 2022 | € 70-80 m |
| Guidance 20221) at constant fx | - |
| Actual 31 December 2021 |
€ 58 m |
| Adjusted Group EBITDA2) (old) |
|
| Guidance 2022 | € 105-120 m |
| Guidance 20221) at constant fx | € 85-100 m |
| Actual 31 December 2021 |
€ 107 m |
1) 2021: USD/€ 1.18; €/GBP 0.86
2) EBITDA is defined as earnings before interest, taxes, depreciation and amortisation of intangibles. Adjusted EBITDA excludes changes of contingent considerations, income from bargain purchase and impairments on goodwill, other intangible and tangible assets as well as the total non-operating result
Mid-term targets by 2025
Mid-term targets by 2025
Actual 2021
Group revenues
> € 1,000 m
€ 618.0 m
Unpartnered R&D expenses
> € 100 m
€ 58.1 m
Adjusted Group EBITDA
≥ € 300 m
€ 107.3 m
| Group revenues | |
| Mid-term targets by 2025 | > € 1,000 m |
| Actual 2021 | € 618.0 m |
| Unpartnered R&D expenses | |
| Mid-term targets by 2025 | > € 100 m |
| Actual 2021 | € 58.1 m |
| Adjusted Group EBITDA | |
| Mid-term targets by 2025 | ≥ € 300 m |
| Actual 2021 | € 107.3 m |
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