BASF Group Q1 2020 (XLS:) XLS Q1 2020 2019 +/– a The 2019 figures have been restated to reflect the reclassification of income from non-integral companies accounted for using the equity method to net income from shareholdings. For more information, see Significant Events and Restated Figures 2019 in this quarterly statement. b Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments) c Additions to intangible assets and property, plant and equipment Sales Million € 16,753 15,596 7% Income from operations before depreciation, amortization and special itemsa Million € 2,579 2,642 (2%) Income from operations before depreciation and amortization (EBITDA)a Million € 2,428 2,770 (12%) EBITDA margin % 14.5 17.8 − Depreciation and amortizationb Million € 972 991 (2%) Income from operations (EBIT)a Million € 1,456 1,779 (18%) Special items Million € (184) 29 . EBIT before special itemsa Million € 1,640 1,750 (6%) Income before income taxes Million € 1,200 1,556 (23%) Income after taxes from continuing operations Million € 881 1,163 (24%) Income after taxes from discontinued operations Million € 22 277 (92%) Net income Million € 885 1,406 (37%) Earnings per share € 0.96 1.53 (37%) Adjusted earnings per share € 1.36 1.70 (20%) Research and development expenses Million € 494 503 (2%) Personnel expenses Million € 2,826 2,903 (3%) Number of employees (March 31) 118,276 121,194 (2%) Assets (March 31) Million € 92,355 92,040 0% Investments including acquisitionsc Million € 2,136 715 199% Equity ratio (March 31) % 47.0 41.1 − Net debt (March 31) Million € 18,794 19,431 (3%) Cash flows from operating activities Million € (1,030) 373 . Free cash flow Million € (1,599) (368) . next