Statement of changes in equity

T€

Share capital

Capital reserves

Retained earnings

IAS 19 reserves

Hedging reserves

Foreign currency translation reserves

Group equity

Non- controlling interests

Total equity

Balance as at 1.1.2024

102,600

1,747,941

2,657,841

-65,682

-115

-51,668

4,390,917

18,443

4,409,360

Net income

823,004

823,004

5,329

828,333

Differences arising from currency translation

23,134

23,134

-62

23,072

Change in equity-accounted investments

-64

773

-4,282

-3,573

-3,573

Change in actuarial gains and losses

9,832

9,832

-9

9,823

Change in interest rate swap

-12,953

-12,953

-12,953

Deferred tax relating to other comprehensive income

-2,054

3,638

1,584

2

1,586

Other comprehensive income

7,714

-8,542

18,852

18,024

-69

17,955

Total comprehensive income

823,004

7,714

-8,542

18,852

841,028

5,260

846,288

Capital increase1

15,622

-15,622

0

0

Distribution of dividends2

-253,975

-253,975

-1,078

-255,053

Transactions concerning non-controlling interests due to changes in the consolidated group

-225

-225

Balance as at 31.12.2024

118,222

1,732,319

3,226,870

-57,968

-8,657

-32,816

4,977,970

22,400

5,000,370

1See also the comments under item (27) Equity.

2The total dividend payment of T€ 253,975 corresponds to a dividend per share of € 2.20 based on 115,442,976 shares.

T€

Share capital

Capital reserves

Retained earnings

IAS 19 reserves

Hedging reserves

Foreign currency translation reserves

Group equity

Non- controlling interests

Total equity

Balance as at 1.1.2023

102,600

2,085,806

1,935,488

-79,326

18,260

-59,977

4,002,851

22,392

4,025,243

Net income

630,508

630,508

2,886

633,394

Differences arising from currency translation

3,706

3,706

-61

3,645

Change in equity-accounted investments

-82

-7,260

4,603

-2,739

-2,739

Change in actuarial gains and losses

17,314

17,314

-45

17,269

Change in interest rate swap

-15,762

-15,762

-15,762

Deferred tax relating to other comprehensive income

-3,411

4,647

1,236

10

1,246

Other comprehensive income

13,821

-18,375

8,309

3,755

-96

3,659

Total comprehensive income

630,508

13,821

-18,375

8,309

634,263

2,790

637,053

Transfers due to changes in the consolidated group

177

-177

0

0

Reverse entry of the purchase obligation for own shares1

291,310

291,310

291,310

Distribution of dividends2

-199,642

-199,642

-3,495

-203,137

Capital adjustment1

1,900,000

-1,900,000

0

0

Capital reduction1

-1,900,000

996,620

-903,380

-903,380

Capital increase1

565,515

565,515

565,515

Transactions concerning non-controlling interests due to changes in the consolidated group

-3,244

-3,244

Balance as at 31.12.2023

102,600

1,747,941

2,657,841

-65,682

-115

-51,668

4,390,917

18,443

4,409,360

1See also the comments under item (27) Equity.

2The total dividend payment of T€ 199,642 corresponds to a dividend per share of € 2.00 based on 99,820,994 shares.