Consensus Estimates as of August 24, 2026
Group | Segment

KPIin € millionFY 2025FY 2026 EFY 2027 EFY 2028 E
Order intakeNumber of Estimates131312
Order intakeHighest6,308.96,571.16,835.5
Order intakeConsensus (Mean)5,924.16,126.46,366.86,633.0
Order intakeMedian6,100.06,364.56,631.0
Order intakeLowest5,956.46,156.26,403.8
SalesNumber of Estimates191918
SalesHighest6,012.86,268.06,637.4
SalesConsensus (Mean)5,495.45,866.86,153.26,429.9
SalesMedian5,860.06,172.06,453.2
SalesLowest5,720.05,929.06,145.0
Organic Sales Growth in %Number of Estimates121212
Organic Sales Growth in %Highest9.66.26.1
Organic Sales Growth in %Consensus (Mean)3.77.75.04.8
Organic Sales Growth in %Median7.55.24.6
Organic Sales Growth in %Lowest6.63.03.0
EBITDA before restructuringNumber of Estimates191918
EBITDA before restructuringHighest1,038.01,123.01,205.0
EBITDA before restructuringConsensus (Mean)907.41,011.71,085.21,152.4
EBITDA before restructuringMedian1,012.21,087.71,154.5
EBITDA before restructuringLowest961.01,007.01,050.8
EBITDA before restructuring margin in %Number of Estimates191918
EBITDA before restructuring margin in %Highest17.518.118.6
EBITDA before restructuring margin in %Consensus (Mean)16.517.217.617.9
EBITDA before restructuring margin in %Median17.317.617.9
EBITDA before restructuring margin in %Lowest16.817.017.1
EBITDA reportedNumber of Estimates121313
EBITDA reportedHighest1,018.01,110.01,190.0
EBITDA reportedConsensus (Mean)859.0985.41,078.91,149.8
EBITDA reportedMedian982.71,087.71,162.9
EBITDA reportedLowest965.01,007.01,050.8
EBITDA reported margin in %Number of Estimates121313
EBITDA reported margin in %Highest17.117.918.4
EBITDA reported margin in %Consensus (Mean)15.616.717.517.8
EBITDA reported margin in %Median16.717.417.8
EBITDA reported margin in %Lowest16.517.017.1
CapexNumber of Estimates181817
CapexHighest291.0295.0299.0
CapexConsensus (Mean)255.3239.3232.7230.3
CapexMedian240.0234.1227.5
CapexLowest200.0180.0170.0
Free CashflowNumber of Estimates141414
Free CashflowHighest613.8698.0760.1
Free CashflowConsensus (Mean)511.8504.4582.3656.7
Free CashflowMedian502.2592.0662.0
Free CashflowLowest400.7394.1545.0
Earnings per share (in EUR)Number of Estimates191918
Earnings per share (in EUR)Highest3.413.844.26
Earnings per share (in EUR)Consensus (Mean)2.543.203.663.98
Earnings per share (in EUR)Median3.173.684.02
Earnings per share (in EUR)Lowest2.993.443.69
Dividend per share (in EUR)Number of Estimates191918
Dividend per share (in EUR)Highest1.671.902.11
Dividend per share (in EUR)Consensus (Mean)1.301.491.681.82
Dividend per share (in EUR)Median1.501.701.82
Dividend per share (in EUR)Lowest1.301.401.50
Target Prices (in €)
Number of Estimates 20
Highest 78.00
Consensus (Mean) 69.40
Median 72.00
Lowest 53.00
Recommendations
Positive 55.0%
Neutral 35.0%
Negative 10.0%

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Disclaimer

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.