| KPI | [EUR m] | Q2 2024 | FY 2024 | Q2 2025 E | Q3 2025 E | Q4 2025 E | FY 2025 E | FY 2026 E | FY 2027 E |
|---|---|---|---|---|---|---|---|---|---|
| Orders received | Number of Estimates | 7 | 7 | 7 | 7 | 7 | 7 | ||
| Orders received | Highest | 413.0 | 427.0 | 494.0 | 1,807.0 | 1,913.0 | 2,078.0 | ||
| Orders received | Consensus (Mean) | 375.0 | 1,679.0 | 387.1 | 398.4 | 463.8 | 1,729.4 | 1,835.9 | 1,944.5 |
| Orders received | Median | 385.6 | 390.0 | 466.6 | 1,727.0 | 1,828.0 | 1,919.0 | ||
| Orders received | Lowest | 365.0 | 380.0 | 439.0 | 1,673.0 | 1,767.0 | 1,855.0 | ||
| Order book | Number of Estimates | 4 | 4 | 4 | 4 | 4 | 4 | ||
| Order book | Highest | 1,017.0 | 986.0 | 1,024.4 | 1,024.4 | 1,114.6 | 1,240.6 | ||
| Order book | Consensus (Mean) | 925.0 | 955.0 | 1,002.0 | 961.6 | 976.1 | 976.1 | 1,030.9 | 1,091.9 |
| Order book | Median | 1,003.9 | 965.3 | 973.5 | 973.5 | 1,017.5 | 1,045.5 | ||
| Order book | Lowest | 983.0 | 930.0 | 933.0 | 933.0 | 974.0 | 1,036.0 | ||
| Sales | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Sales | Highest | 434.0 | 442.0 | 464.0 | 1,733.0 | 1,849.0 | 1,988.0 | ||
| Sales | Consensus (Mean) | 417.0 | 1,720.0 | 421.1 | 428.9 | 445.8 | 1,693.6 | 1,767.1 | 1,872.4 |
| Sales | Median | 425.9 | 431.0 | 450.5 | 1,703.0 | 1,771.0 | 1,865.0 | ||
| Sales | Lowest | 398.0 | 407.0 | 417.8 | 1,623.0 | 1,659.0 | 1,770.0 | ||
| Operating profit (EBIT) | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Operating profit (EBIT) | Highest | 57.1 | 60.0 | 60.0 | 218.1 | 243.6 | 274.2 | ||
| Operating profit (EBIT) | Consensus (Mean) | 35.9 | 174.4 | 51.3 | 56.2 | 55.8 | 209.1 | 231.5 | 256.3 |
| Operating profit (EBIT) | Median | 51.0 | 55.8 | 56.5 | 209.0 | 235.3 | 251.0 | ||
| Operating profit (EBIT) | Lowest | 47.0 | 52.0 | 51.5 | 200.0 | 215.0 | 243.0 | ||
| Items affecting comparability in EBIT | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Items affecting comparability in EBIT | Highest | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||
| Items affecting comparability in EBIT | Consensus (Mean) | -16.5 | -42.4 | -1.4 | -0.3 | -0.3 | -3.7 | -1.0 | -1.0 |
| Items affecting comparability in EBIT | Median | 0.0 | 0.0 | 0.0 | -2.2 | 0.0 | 0.0 | ||
| Items affecting comparability in EBIT | Lowest | -5.0 | -2.0 | -2.0 | -8.0 | -8.0 | -8.0 | ||
| Comparable operating profit | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Comparable operating profit | Highest | 57.1 | 60.0 | 59.2 | 219.0 | 243.6 | 274.2 | ||
| Comparable operating profit | Consensus (Mean) | 52.3 | 216.8 | 52.7 | 56.5 | 56.0 | 212.8 | 232.5 | 257.3 |
| Comparable operating profit | Median | 52.0 | 56.5 | 56.5 | 212.9 | 237.0 | 253.8 | ||
| Comparable operating profit | Lowest | 48.0 | 52.0 | 51.5 | 202.0 | 215.0 | 243.0 | ||
| Comparable operating profit, % | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Comparable operating profit, % | Highest | 13.4 | 13.6 | 13.0 | 12.9 | 13.6 | 14.0 | ||
| Comparable operating profit, % | Consensus (Mean) | 12.6 | 12.6 | 12.5 | 13.2 | 12.5 | 12.6 | 13.2 | 13.7 |
| Comparable operating profit, % | Median | 12.4 | 13.3 | 12.6 | 12.6 | 13.2 | 13.8 | ||
| Comparable operating profit, % | Lowest | 12.1 | 12.4 | 12.1 | 12.2 | 12.8 | 13.1 | ||
| Net financial expense | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Net financial expense | Highest | -1.0 | -0.5 | -0.6 | -5.0 | 1.0 | 2.5 | ||
| Net financial expense | Consensus (Mean) | 3.9 | -2.0 | -2.4 | -2.0 | -2.0 | -8.4 | -5.9 | -3.9 |
| Net financial expense | Median | -2.4 | -1.8 | -2.0 | -8.5 | -6.5 | -4.6 | ||
| Net financial expense | Lowest | -4.1 | -4.2 | -3.8 | -13.2 | -13.3 | -10.2 | ||
| Profit before taxes | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Profit before taxes | Highest | 54.3 | 58.5 | 58.9 | 212.8 | 240.0 | 275.0 | ||
| Profit before taxes | Consensus (Mean) | 39.7 | 172.5 | 48.7 | 54.1 | 53.7 | 200.7 | 225.5 | 252.5 |
| Profit before taxes | Median | 48.6 | 53.0 | 54.0 | 199.2 | 227.0 | 246.5 | ||
| Profit before taxes | Lowest | 44.0 | 51.6 | 47.8 | 194.0 | 207.4 | 236.2 | ||
| Net income for the period (attributed to shareholders) | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Net income for the period (attributed to shareholders) | Highest | 42.1 | 44.4 | 44.7 | 163.4 | 185.3 | 209.2 | ||
| Net income for the period (attributed to shareholders) | Consensus (Mean) | 31.2 | 127.9 | 37.0 | 41.2 | 40.8 | 153.8 | 172.6 | 193.7 |
| Net income for the period (attributed to shareholders) | Median | 36.7 | 41.0 | 40.9 | 154.1 | 173.5 | 189.5 | ||
| Net income for the period (attributed to shareholders) | Lowest | 32.0 | 38.8 | 37.0 | 148.0 | 160.0 | 183.0 | ||
| Basic earnings per share, EUR | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Basic earnings per share, EUR | Highest | 0.65 | 0.69 | 0.69 | 2.50 | 2.90 | 3.30 | ||
| Basic earnings per share, EUR | Consensus (Mean) | 0.49 | 1.99 | 0.58 | 0.64 | 0.64 | 2.39 | 2.69 | 3.01 |
| Basic earnings per share, EUR | Median | 0.57 | 0.64 | 0.64 | 2.40 | 2.70 | 2.95 | ||
| Basic earnings per share, EUR | Lowest | 0.50 | 0.60 | 0.58 | 2.31 | 2.49 | 2.85 | ||
| EPS adjusted, EUR | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| EPS adjusted, EUR | Highest | 0.65 | 0.69 | 0.70 | 2.54 | 2.88 | 3.25 | ||
| EPS adjusted, EUR | Consensus (Mean) | 0.75 | 2.67 | 0.60 | 0.64 | 0.64 | 2.45 | 2.70 | 3.03 |
| EPS adjusted, EUR | Median | 0.59 | 0.64 | 0.64 | 2.44 | 2.76 | 2.98 | ||
| EPS adjusted, EUR | Lowest | 0.54 | 0.60 | 0.58 | 2.33 | 2.49 | 2.85 | ||
| Dividend per share, EUR | Number of Estimates | - | - | - | 8 | 8 | 8 | ||
| Dividend per share, EUR | Highest | - | - | - | 1.30 | 1.40 | 1.60 | ||
| Dividend per share, EUR | Consensus (Mean) | - | 1.00 | - | - | - | 1.14 | 1.25 | 1.39 |
| Dividend per share, EUR | Median | - | - | - | 1.10 | 1.23 | 1.30 | ||
| Dividend per share, EUR | Lowest | - | - | - | 1.05 | 1.10 | 1.20 | ||
| Average number of shares (million) | Number of Estimates | 6 | 6 | 6 | 7 | 7 | 7 | ||
| Average number of shares (million) | Highest | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 | ||
| Average number of shares (million) | Consensus (Mean) | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 |
| Average number of shares (million) | Median | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 | 64.3 | ||
| Average number of shares (million) | Lowest | 64.0 | 64.0 | 64.0 | 64.0 | 64.0 | 64.0 | ||
| Net debt to EBITDA | Number of Estimates | - | - | - | 5 | 5 | 5 | ||
| Net debt to EBITDA | Highest | - | - | - | 0.3 | 0.0 | 0.2 | ||
| Net debt to EBITDA | Consensus (Mean) | 0.6 | 0.3 | - | - | - | 0.1 | -0.2 | -0.3 |
| Net debt to EBITDA | Median | - | - | - | 0.1 | -0.2 | -0.5 | ||
| Net debt to EBITDA | Lowest | - | - | - | 0.0 | -0.3 | -0.6 |
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.
