Research and development

Research and development expenditure went up by 13.7 percent because of the efforts to drive forward particular areas of development anchored within the strategy. Total spending on R&D – i.e. R&D costs plus capitalized development costs – swelled by 13.6 percent to €209.1 million in the first half of 2025 (H1 2024: €184.0 million). This equates to 3.8 percent of revenue (H1 2024: 3.2 percent).

Research and development (R&D)

in € million

Q2
2025

Q2
2024

Change

Q1 – Q2
2025

Q1 – Q2
2024

Change

Research and development costs (P&L)

63.8

62.9

1.4%

142.8

125.7

13.7%

Capitalized development costs

31.3

29.5

6.2%

66.2

58.4

13.4%

Total R&D spending

95.1

92.4

3.0%

209.1

184.0

13.6%

R&D spending as percentage of revenue

3.5%

3.2%

0.3%

3.8%

3.2%

0.6%

Services