| KPI | [EUR m] | Q3 2024/25 | 9M 2024/25 | FY 2024/25 | Q3 2025/26 E | 9M 2025/26 E | FY 2025/26 E | FY 2026/27 E | FY 2027/28 E |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | Number of Estimates | 9 | 9 | 9 | 9 | 9 | |||
| Net Sales | Highest | 1,008.1 | 3,631.6 | 4,600.3 | 4,829.4 | 5,062.6 | |||
| Net Sales | Consensus (Mean) | 1,008.1 | 3,593.5 | 4,575.3 | 994.1 | 3,617.7 | 4,588.4 | 4,683.0 | 4,815.4 |
| Net Sales | Median | 996.9 | 3,620.4 | 4,589.0 | 4,676.7 | 4,816.6 | |||
| Net Sales | Lowest | 978.0 | 3,602.1 | 4,578.6 | 4,580.9 | 4,661.6 | |||
| Adjusted EBITDA | Number of Estimates | 9 | 9 | 9 | 9 | 9 | |||
| Adjusted EBITDA | Highest | 137.8 | 587.6 | 697.7 | 741.5 | 779.2 | |||
| Adjusted EBITDA | Consensus (Mean) | 158.2 | 634.1 | 768.4 | 131.5 | 581.3 | 687.4 | 707.2 | 732.8 |
| Adjusted EBITDA | Median | 131.9 | 581.8 | 687.7 | 706.2 | 724.8 | |||
| Adjusted EBITDA | Lowest | 125.0 | 574.8 | 677.5 | 663.0 | 676.0 | |||
| Adjusted EBITDA margin | Number of Estimates | 9 | 9 | 9 | 9 | 9 | |||
| Adjusted EBITDA margin | Highest | 13.9 | 16.3 | 15.2 | 15.5 | 15.6 | |||
| Adjusted EBITDA margin | Consensus (Mean) | 15.7 | 17.6 | 16.8 | 13.2 | 16.1 | 15.0 | 15.1 | 15.2 |
| Adjusted EBITDA margin | Median | 13.1 | 16.0 | 15.0 | 15.1 | 15.2 | |||
| Adjusted EBITDA margin | Lowest | 12.5 | 15.9 | 14.8 | 14.5 | 14.5 | |||
| Reported EBIT | Number of Estimates | 8 | 8 | 8 | 9 | 9 | |||
| Reported EBIT | Highest | 39.7 | 173.4 | 184.1 | 330.9 | 357.8 | |||
| Reported EBIT | Consensus (Mean) | 55.5 | 341.3 | 368.6 | 33.6 | 167.3 | 172.8 | 300.9 | 318.8 |
| Reported EBIT | Median | 33.8 | 167.5 | 176.9 | 302.7 | 317.7 | |||
| Reported EBIT | Lowest | 25.5 | 159.2 | 152.4 | 262.0 | 271.1 | |||
| Reported EBIT Margin | Number of Estimates | 8 | 8 | 8 | 9 | 9 | |||
| Reported EBIT Margin | Highest | 3.9 | 4.8 | 4.0 | 6.9 | 7.1 | |||
| Reported EBIT Margin | Consensus (Mean) | 5.5 | 9.5 | 8.1 | 3.4 | 4.6 | 3.8 | 6.4 | 6.6 |
| Reported EBIT Margin | Median | 3.4 | 4.6 | 3.8 | 6.5 | 6.7 | |||
| Reported EBIT Margin | Lowest | 2.6 | 4.4 | 3.3 | 5.7 | 5.8 | |||
| Adjusted EBIT | Number of Estimates | 8 | 8 | 8 | 8 | 8 | |||
| Adjusted EBIT | Highest | 48.8 | 305.2 | 322.5 | 333.4 | 360.3 | |||
| Adjusted EBIT | Consensus (Mean) | 65.5 | 363.9 | 402.9 | 36.6 | 292.8 | 297.8 | 305.7 | 320.6 |
| Adjusted EBIT | Median | 35.3 | 291.4 | 298.0 | 308.1 | 321.8 | |||
| Adjusted EBIT | Lowest | 27.5 | 283.9 | 276.9 | 272.0 | 281.1 | |||
| Adjusted EBIT Margin | Number of Estimates | 8 | 8 | 8 | 8 | 8 | |||
| Adjusted EBIT Margin | Highest | 4.9 | 8.4 | 7.0 | 6.9 | 7.1 | |||
| Adjusted EBIT Margin | Consensus (Mean) | 6.5 | 10.1 | 8.8 | 3.7 | 8.1 | 6.5 | 6.5 | 6.7 |
| Adjusted EBIT Margin | Median | 3.6 | 8.1 | 6.5 | 6.6 | 6.7 | |||
| Adjusted EBIT Margin | Lowest | 2.8 | 7.8 | 6.0 | 5.9 | 6.0 | |||
| Reported Net income | Number of Estimates | 9 | 9 | 8 | 9 | 9 | |||
| Reported Net income | Highest | 4.0 | 24.2 | 41.5 | 138.0 | 159.4 | |||
| Reported Net income | Consensus (Mean) | 17.3 | 161.3 | 175.4 | -0.2 | 20.0 | 10.7 | 124.0 | 140.1 |
| Reported Net income | Median | -0.1 | 20.1 | 7.5 | 126.3 | 142.9 | |||
| Reported Net income | Lowest | -9.2 | 11.0 | -9.9 | 94.5 | 102.3 | |||
| Adjusted Net Income | Number of Estimates | 7 | 7 | 8 | 8 | 8 | |||
| Adjusted Net Income | Highest | 5.9 | 142.7 | 151.2 | 166.1 | 190.2 | |||
| Adjusted Net Income | Consensus (Mean) | 27.3 | 185.1 | 212.2 | 2.2 | 139.0 | 126.5 | 132.0 | 147.9 |
| Adjusted Net Income | Median | 2.1 | 138.9 | 122.4 | 130.3 | 146.0 | |||
| Adjusted Net Income | Lowest | -2.8 | 134.0 | 114.8 | 101.5 | 109.3 | |||
| Net leverage ratio | Number of Estimates | - | - | 9 | 9 | 9 | |||
| Net leverage ratio | Highest | - | - | 3.5 | 3.2 | 3.1 | |||
| Net leverage ratio | Consensus (Mean) | 2.7 | 2.7 | 2.9 | - | - | 3.3 | 3.0 | 2.8 |
| Net leverage ratio | Median | - | - | 3.2 | 3.0 | 2.8 | |||
| Net leverage ratio | Lowest | - | - | 3.1 | 2.8 | 2.5 |
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.
