(Condensed version)
(Condensed version)
ASSETS IN THOUSANDS OF EUROS |
CONSOLIDATED FINANCIAL STATEMENTS OF STIHL HOLDING AG & CO. KG | ANDREAS STIHL AG & CO. KG | ||||
---|---|---|---|---|---|---|
Notes to the Balance Sheet | DEC. 31, 2024 | Dec. 31, 2023 | DEC. 31, 2024 | Dec. 31, 2023 | ||
FIXED ASSETS | ||||||
Intangible assets | 176,116 | 175,357 | 135,584 | 135,679 | ||
Property, plant, and equipment | 1,978,907 | 1,930,943 | 618,635 | 611,050 | ||
Financial assets (1) | 2,483,553 | 2,622,035 | 247,488 | 267,363 | ||
4,638,576 | 4,728,335 | 1,001,707 | 1,014,092 | |||
CURRENT ASSETS | ||||||
Inventories | 2,043,222 | 2,240,080 | 392,442 | 433,942 | ||
Receivables and other assets | ||||||
Trade receivables | 690,596 | 595,071 | 37,472 | 31,817 | ||
Receivables from related companies | 5,876 | 7,777 | 326,103 | 303,783 | ||
Receivables from shareholders | 0 | 0 | 40,499 | 6,384 | ||
Other assets | 216,244 | 205,998 | 41,585 | 28,667 | ||
912,716 | 808,846 | 445,659 | 370,651 | |||
Securities (2) | 349,565 | 165,205 | 68,815 | 43,419 | ||
Cash and bank balances | 572,480 | 441,221 | 3,428 | 5,933 | ||
3,877,983 | 3,655,352 | 910,344 | 853,945 | |||
Drepaid expenses | 44,848 | 34,067 | 14,632 | 9,332 | ||
Deferred tax assets | 261,330 | 234,873 | 119,500 | 108,104 | ||
TOTAL | 8,822,737 | 8,652,627 | 2,046,183 | 1,985,473 |
EQUITY AND LIABILITIES IN THOUSANDS OF EUROS |
CONSOLIDATED FINANCIAL STATEMENTS OF STIHL HOLDING AG & CO. KG | ANDREAS STIHL AG & CO. KG | ||||
---|---|---|---|---|---|---|
Notes to the Balance Sheet | DEC. 31, 2024 | Dec. 31, 2023 | DEC. 31, 2024 | Dec. 31, 2023 | ||
EQUITY (3) | 6,084,869 | 5,700,518 | 763,765 | 800,000 | ||
PROVISIONS (4) | ||||||
Provisions for pensions and similar obligations | 864,482 | 738,058 | 698,281 | 691,020 | ||
Provisions for taxes | 38,851 | 45,629 | 8,002 | 23,605 | ||
Other provisions | 461,709 | 535,952 | 165,929 | 145,148 | ||
1,365,042 | 1,319,639 | 872,212 | 859,773 | |||
LIABILITIES | ||||||
Liabilities to banks | 4,459 | 153,103 | 0 | 0 | ||
Loan from the Eva Mayr-Stihl Foundation (5) | 100,000 | 100,000 | 100,000 | 100,000 | ||
Participating capital (6) | 43,115 | 43,288 | 43,115 | 43,288 | ||
Advance payments received | 16,533 | 17,565 | 0 | 0 | ||
Trade payables | 305,066 | 302,841 | 68,635 | 76,130 | ||
Liabilities to related companies | 681 | 697 | 153,973 | 65,926 | ||
Liabilities to companies in which an equity interest is held | 495 | 969 | 7 | 26 | ||
Liabilities to owners | 695,178 | 829,260 | 0 | 0 | ||
Other liabilities | 126,160 | 117,758 | 38,247 | 37,260 | ||
1,291,687 | 1,565,481 | 403,977 | 322,630 | |||
PREPAID EXPENSES | 2,951 | 3,282 | 2,200 | 2,083 | ||
Deferred tax liabilities | 78,188 | 63,707 | 4,029 | 987 | ||
TOTAL | 8,822,737 | 8,652,627 | 2,046,183 | 1,985,473 |
Assets | ||
---|---|---|
Fixed assets | 4,639 | |
Inventories | 2,043 | |
Other assets | 2,141 | |
Assets | 8,823 |
Equity and liabilities | ||
---|---|---|
Equity | 6,085 | |
Provisions | 1,365 | |
Other liabilities | 1,373 | |
Equity and liabilities | 8,823 |
Assets | ||
---|---|---|
Fixed assets | 1,002 | |
Inventories | 392 | |
Other assets | 652 | |
Assets | 2,046 |
Equity and liabilities | ||
---|---|---|
Equity | 764 | |
Provisions | 872 | |
Other liabilities | 410 | |
Equity and liabilities | 2,046 |
Information required by Section 13 Subsection 3 in conjunction with Section 5 Subsection 5 Sentence 3 of the German Companies Disclosure Act (Publizitätsgesetz):
1. Revenue | in thousands of euros | 5,328,651 | ||
2. Income from equity investments | in thousands of euros | 8 | ||
3. Wages, salaries, social security contributions, and expenses for pensions and other employee benefits |
in thousands of euros | 1,341,702 | ||
4. Average number of employees in the twelve months ending on the balance sheet date |
19,728 |
Waiblingen, March 2025
STIHL Holding AG & Co. KG The General Partners Dipl.-Ing. Hans Peter Stihl STIHL AG
Information required by Section 5 Subsection 5 Sentence 3 of the German Companies Disclosure Act (Publizitätsgesetz):
1. Revenue | in thousands of euros | 1,632,002 | ||
2. Income from equity investments | in thousands of euros | 0 | ||
3. Wages, salaries, social security contributions, and expenses for pensions and other employee benefits |
in thousands of euros | 599,264 | ||
4. Average number of employees in the twelve months ending on the balance sheet date |
6,035 |
Waiblingen, March 2025
ANDREAS STIHL AG & Co. KG The General Partners Dipl.-Ing. Hans Peter Stihl STIHL AG
The annual financial statements of STIHL Holding AG & Co. KG and ANDREAS STIHL AG & Co. KG ar e disclosed in the German Federal Gazette, in accordance with the German Companies Disclosure Act (Publizitätsgesetz).
Fixed assets are valued at the cost of acquisition or production. Cost includes the costs of materials and labor, and an appropriate share of material and production overhead. Assets with a limited useful life are subject to systematic depreciation. Wherever deemed necessary, impairments are recognized to reflect assets’ lower fair values. Inventories are valued at the lower of cost or fair value. General sales risks are reflected by appropriate range deductions.
Inventories are stated at the lower of cost or market. Cost includes direct material and labour costs and appropriate production and material overheads. Adequate allowances are made for general merchandising risks.
Receivables and other assets are measured at their nominal values. Allowances are made for recognizable individual risks and general default risk.
Provisions for pensions are measured in accordance with the projected unit credit method on the basis of the Heubeck 2018 G mortality tables..
All recognizable risks and contingent liabilities are taken into consideration in the measurement of other provisions.
Liabilities are recognized at their settlement amounts.
The consolidated group includes STIHL Holding AG & Co. KG and all domestic and foreign affiliated companies (see list).
Due to their lesser importance, Carl Benz Center Objekt GmbH & Co. KG, Stuttgart, and Carl Benz Center Neckarpark GmbH, Stuttgart, are not included in the consolidated financial statements.
Capital consolidation takes place in accordance with Section 301 Subsection 1 to Subsection 3 of the German Commercial Code (HGB). Differences arising from first-time consolidation before January 1, 2010 , were offset against retained earnings.
The Group’s internal receivables, payables, revenue, profits, and expenses are eliminated.
Intercompany profits are eliminated pursuant to Section 304 Subsection 1 of the German Commercial Code (HGB).
Deferred taxes are recognized on intercompany profits as well as on debt consolidation affecting profit and loss.
The balance sheet values of the capital and reserves were converted at the respective average historical exchange rates of the respective year. Other assets and liabilities were converted at the average spot exchange rate on the balance sheet date.
OF THE CONSOLIDATED FINANCIAL STATEMENTS OF STIHL HOLDING AG & CO. KG AND OF THE BALANCE SHEET OF ANDREAS STIHL AG & CO. KG
The reported financial assets in the consolidated financial statements mainly related to equity investments and securities held as fixed assets.
These are predominantly other securities used for short-term investments.
In the two balance sheets, the equity is shown in a total amount in accordance with Section 9 Subsection 3 of the German Companies Disclosure Act (Publizitätsgesetz). Equity includes noncontrolling interests in the amount of 791 thousand euros.
The pension provisions cover pre-existing pension entitlements and future benefits.
Other provisions relate to possible outstanding employee benefits, warranty items, and other contingencies.
The loan is available to ANDREAS STIHL AG & Co. KG.
The take-up rate of the offer to the employees of ANDREAS STIHL AG & Co. KG to continue to participate in the capital of the company in the form of participation rights was high in fiscal year 2024.
Europe | 9,736 | |
North and South America | 5,958 | |
Asia/Oceania/Africa | 4,034 | |
Total | 19,728 |