| Note | 2024 | 2025 | |
| € million | € million | ||
| Income after income taxes | (272) | (643) | |
| Income taxes | 11 | 245 | 151 |
| Financial result | 10 | 114 | 145 |
| Income taxes paid | (219) | (192) | |
| Depreciation, amortization, impairment losses and impairment loss reversals | 13 | 984 | 1,087 |
| Change in pension provisions | 47 | (26) | |
| (Gains)/losses on retirements of noncurrent assets | (65) | (76) | |
| Gain on bargain purchase acquisition | – | (12) | |
| Decrease/(increase) in inventories | (322) | 202 | |
| Decrease/(increase) in trade accounts receivable | 184 | 136 | |
| (Decrease)/increase in trade accounts payable | 181 | (268) | |
| Change in other working capital, other noncash items | (7) | (17) | |
| Cash flows from operating activities | 27.1 | 870 | 487 |
| Cash outflows for additions to property, plant, equipment and intangible assets | (781) | (770) | |
| Cash inflows from sales of property, plant, equipment and other assets | 76 | 78 | |
| Cash inflows from divestments less divested cash | – | 8 | |
| Cash outflows for noncurrent financial assets | (81) | (13) | |
| Cash inflows from noncurrent financial assets | 6 | 1 | |
| Cash outflows for acquisitions less acquired cash | – | (27) | |
| Interest and dividends received | 61 | 40 | |
| Cash inflows from other current financial assets / Cash outflows for other current financial assets |
296 | (612) | |
| Cash flows from investing activities | 27.2 | (423) | (1,295) |
| Capital contributions | 18 | – | 1,172 |
| Dividend payments | 18 | (1) | (2) |
| Issuances of debt | 1,195 | 1,843 | |
| Repayments of debt | (1,609) | (1,913) | |
| Interest paid | (150) | (132) | |
| Cash flows from financing activities | 27.3 | (565) | 968 |
| Change in cash and cash equivalents due to business activities | (118) | 160 | |
| Cash and cash equivalents at beginning of year | 625 | 509 | |
| Change in cash and cash equivalents due to exchange rate movements | 2 | (21) | |
| Cash and cash equivalents at end of year | 509 | 648 | |