2020 results at a glance
* Mature Europe: Western Europe and Southern Europe, including Austria.
** Emerging Europe: Central and Eastern Europe (excluding Austria), the Baltic States and Turkey.
€8.53
bln revenue
€963
mln operating income
€1,099
mln adjusted operating income
€3.29
earnings per share
32,200
employees
Return on sales (ROS)1
Achieve return on sales (adjusted operating income/revenue) of 15% by 2020.
Target 15% by 2020
2020 progress 15.0%
Return on sales development
Adjusted operating income as % of revenue
1 Excluding unallocated corporate center cost; assumes no significant market disruption.
Return on investment (ROI)2
Achieve return on investment (adjusted operating income/average invested capital) of more than 20% by 2020.
Target >20%3 by 2020
2020 progress 20.6%
Return on investment development
Adjusted operating income/average invested capital in %
2 Excluding unallocated corporate center cost and invested capital; assumes no significant market disruption.
3 Our original 25% ambition was adjusted to 20% in 2020 as a result of lower growth assumptions and the implementation of IFRS 16 on leases.
Eco-premium solutions
Maintain at least 20% of revenue from eco-premium solutions by 2020
Target 20% by 2020
2020 progress 21%
Eco-premium solutions development
in % of revenue
Comprised of Western, Northern and Southern Europe, including Austria.
Central and Eastern Europe (excluding Austria), the Baltic States and Turkey.
ROS is adjusted operating income as a percentage of revenue. ROS excluding unallocated cost is adjusted operating income as a percentage of revenue for Decorative Paints and Performance Coatings. It excludes unallocated corporate center cost.
January 2020 - December 2020 |
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|---|---|---|
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in €millions |
2019 |
2020 |
Total revenue |
9,276 |
8,530 |
Less: revenue unallocated |
(57) |
(15) |
Revenue excluding unallocated revenue |
9,219 |
8,515 |
|
|
|
Adjusted operating income excluding unallocated cost |
1,106 |
1,273 |
|
|
|
ROS% excluding unallocated cost |
12.0 |
15.0 |
ROI is adjusted operating income of the last 12 months as a percentage of average invested capital. ROI excluding unallocated cost is adjusted operating income of the last 12 months as a percentage of average invested capital for Decorative Paints and Performance Coatings. It excludes unallocated corporate center cost and invested capital.
January 2020 - December 2020 |
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|---|---|---|
|
||
in €millions |
2019 |
2020 |
Average invested capital |
7,026 |
6,834 |
Less: unallocated average invested capital |
(595) |
(647) |
Average invested capital excluding unallocated capital |
6,431 |
6,187 |
Adjusted operating income excluding unallocated cost |
1,106 |
1,273 |
Total |
17.2 |
20.6 |
Operating income is defined in accordance with IFRS and includes the relevant identified items. Adjusted operating income excludes identified items.
Total assets (excluding cash and cash equivalents, short-term investments, investments in associates, the receivable from pension funds in an asset position, assets held for sale) less current income tax payable, deferred tax liabilities and trade and other payables.
A measure of the eco-efficiency of our products. An ecopremium solution is significantly better than competing offers in the market in at least one eco-efficiency criterion (toxicity, energy use, use of natural resources/raw materials, emissions and waste, land use, risks, health and well-being), and not significantly worse in any other criteria. Downstream benefits include a tangible sustainability benefit for our customers.