Annual Report 2025

Notes

7. Share of the result of equity-accounted investments

Share of the result of equity-accounted investments

€ million

 

2025

 

2024

 

 

 

 

 

Share of profits of equity-accounted investments

 

1,808

 

1,950

of which from joint ventures

 

1,454

 

1,658

of which from associates

 

354

 

292

Share of losses of equity-accounted investments

 

878

 

1,575

of which from joint ventures

 

536

 

717

of which from associates

 

342

 

858

 

 

930

 

375