| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Key Market Drivers | ||||||||||||
| Brent Crude price ($/bbl) |
Brent Crude price
|
in $ / bbl | 99 | 55 | 45 | 55 | 72 | 64 | 42 | 71 | 101 | 83 |
| €/$ Exchange Rate |
€/$ Exchange Rate
|
€/ $ | 1.33 | 1.15 | 1.10 | 1.13 | 1.18 | 1.12 | 1.14 | 1.18 | 1.05 | 1.08 |
| Med FCC Benchmark Margin ($/bbl) |
Med FCC Benchmark Margin
|
in $ / bbl | 3.3 | 6.4 | 5.0 | 5.9 | 4.9 | 3.3 | 1.3 | 2.3 | 11.5 | 8.6 |
| Med Hydrocracking Benchmark Margin ($/bbl) |
Med Hydrocracking Benchmark Margin
|
in $ / bbl | 3.9 | 6.0 | 5.0 | 5.2 | 5.5 | 4.1 | 1.1 | 2.3 | 13.2 | 9.9 |
| Statement of Comprehensive Income | ||||||||||||
| Sales |
Sales
|
in EUR mn | 9,478 | 7,303 | 6,613 | 7,995 | 9,769 | 8,857 | 5,782 | 9,222 | 14,508 | 12,803 |
| Adjusted EBITDA |
Adjusted EBITDA
|
in EUR mn | 417 | 758 | 731 | 834 | 730 | 572 | 333 | 401 | 1,601 | 1,237 |
| Operating profit |
Operating profit
|
in EUR mn | -289 | 245 | 632 | 662 | 514 | 341 | -501 | 400 | 1,413 | 736 |
| Net financing cost |
Net financing cost
|
in EUR mn | -215 | -201 | -201 | -165 | -146 | -116 | -104 | -96 | -105 | -122 |
| Profit for the year (attributable to owners of the parent) |
Profit for the year
|
in EUR mn | -365 | 47 | 330 | 381 | 212 | 161 | -396 | 337 | 890 | 478 |
| Adjusted Net Income |
Adjusted Net Income
|
in EUR mn | 2 | 268 | 265 | 372 | 296 | 185 | 5 | 140 | 1,006 | 606 |
| DPS* |
DPS*
|
in EUR | 0.21 | - | 0.20 | 0.40 | 0.75 | 0.50 | 0.10 | 0.40 | 1.15 | 0.90 |
| Statement of Cash Flows | ||||||||||||
| Net cash generated from operating activities |
Net cash generated from operating activities
|
in EUR mn | 853 | 460 | -334 | 443 | 647 | 486 | 450 | 270 | 624 | 965 |
| Net cash used in investing activities |
Net cash used in investing activities
|
in EUR mn | -83 | -136 | -116 | -185 | 138 | -218 | -277 | -376 | -227 | -239 |
| Net cash generated from financing activities |
Net cash generated from financing activities
|
in EUR mn | 85 | -74 | -589 | -300 | -389 | -458 | -47 | -61 | -552 | -702 |
| Net increase/(decrease) in cash & cash equivalents |
Net increase/(decrease) in cash & cash equivalents
|
in EUR mn | 855 | 250 | -1,039 | -42 | 397 | -189 | 125 | -167 | -155 | 24 |
| Statement of Financial Position | ||||||||||||
| Total Assets |
Total Assets
|
in EUR mn | 7,719 | 8,029 | 7,189 | 7,160 | 6,989 | 7,092 | 6,775 | 7,832 | 8,562 | 8,108 |
| Non-current assets |
Non-current assets
|
in EUR mn | 4,526 | 4,506 | 4,282 | 4,282 | 3,903 | 4,146 | 4,283 | 4,406 | 4,950 | 4,768 |
| Cash and cash equivalents |
Cash and cash equivalents
|
in EUR mn | 1,848 | 2,108 | 1,082 | 1,019 | 1,275 | 1,088 | 1,203 | 1,053 | 900 | 919 |
| Non-current liabilities |
Non-current liabilities
|
in EUR mn | 1,974 | 1,768 | 1,879 | 1,220 | 2,044 | 2,227 | 2,597 | 2,045 | 2,048 | 1,981 |
| Long term borrowings |
Long term borrowings
|
in EUR mn | 1,812 | 1,598 | 1,456 | 920 | 1,627 | 1,610 | 2,131 | 1,517 | 1,433 | 1,388 |
| Short term borrowings |
Short term borrowings
|
in EUR mn | 1,178 | 1,633 | 1,386 | 1,900 | 1,109 | 1,022 | 745 | 1,474 | 1,409 | 1,158 |
| Net Debt |
Net Debt
|
in EUR mn | 1,140 | 1,122 | 1,759 | 1,800 | 1,460 | 1,543 | 1,672 | 1,938 | 1,942 | 1,627 |
| Total Equity |
Total Equity
|
in EUR mn | 1,729 | 1,790 | 2,142 | 2,372 | 2,395 | 2,327 | 1,849 | 2,129 | 2,727 | 2,946 |
| Capital Employed |
Capital Employed
|
in EUR mn | 2,870 | 2,913 | 3,903 | 4,173 | 3,855 | 3,869 | 3,521 | 4,067 | 4,669 | 4,573 |