Current financial key figures (31 March 2022) 

31 March 2022
31 March 2021
Results:
Group revenues 
T€
164,672
133,085
R&D expenses
T€
(18,113)
(18,460)
Operating result
T€
463
6,778
Adjusted Group EBITDA1)
T€
18,862
21,105
Net income
T€
(73,242)
52,702
Balance sheet data:
Total stockholders' equity
T€
1,309,861
793,046
Capital expenditure in property, plant and equipment2)
T€
(42,921)
(36,297)
Liquidity3)
T€
854,816
460,556
Balance sheet total
T€
2,185,023 
1,580,707
Operating cash flow
T€
63,618
2,459
Personnel data:
Employees as of 31 December
4,354
3,735
Per share:
Result (basic/diluted)
(0.41)/(0.41)
0.32/0.32
Results:  
31 March 2022
31 March 2021
Group revenues   
T€
31 March 2022 164,672
31 March 2021 133,085
R&D expenses  
T€
31 March 2022 (18,113)
31 March 2021 (18,460)
Operating result  
T€
31 March 2022 463
31 March 2021 6,778
Adjusted Group EBITDA1)  
T€
31 March 2022 18,862
31 March 2021 21,105
Net income  
T€
31 March 2022 (73,242)
31 March 2021 52,702
 
31 March 2022
31 March 2021
Balance sheet data:  
31 March 2022
31 March 2021
Total stockholders' equity  
T€
31 March 2022 1,309,861
31 March 2021 793,046
Capital expenditure in property, plant and equipment2)  
T€
31 March 2022 (42,921)
31 March 2021 (36,297)
Liquidity3)  
T€
31 March 2022 854,816
31 March 2021 460,556
Balance sheet total  
T€
31 March 2022 2,185,023 
31 March 2021 1,580,707
Operating cash flow  
T€
31 March 2022 63,618
31 March 2021 2,459
 
31 March 2022
31 March 2021
Personnel data:  
31 March 2022
31 March 2021
Employees as of 31 December  
31 March 2022 4,354
31 March 2021 3,735
 
31 March 2022
31 March 2021
Per share:  
31 March 2022
31 March 2021
Result (basic/diluted)  
31 March 2022 (0.41)/(0.41)
31 March 2021 0.32/0.32

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 €):
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

Guidance 2022
Actual 2021
Group revenues 
€ 700-720 m1)
€ 618 m
Unpartnered R&D expenses
€ 70-80 m
€ 58 m
Adjusted Group EBITDA3)

€ 105-120 m2)

€ 107 m
Group revenues   
Guidance 2022 € 700-720 m1)
Actual 2021 € 618 m
Unpartnered R&D expenses  
Guidance 2022 € 70-80 m
Actual 2021 € 58 m
Adjusted Group EBITDA3)  
Guidance 2022

€ 105-120 m2)

Actual 2021 € 107 m

1) At unchanged exchange rates against the average rate for 2021, this forecast range would be approximately € 690 m to € 710 m, ceteris paribus.

2) At unchanged exchange rates against the average rate for 2021, this forecast range would be around € 95 m to € 110 m, ceteris paribus.

3) EBITDA is defined as earnings before interest, taxes, depreciation and amortisation of intangibles. Adjusted EBITDA excludes impairments on goodwill, other intangible and tangible assets, changes in contingent considerations 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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