• Overview
  • Key Figures Comparison
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

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