| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Revenue | Highest | 732.0 | 744.0 | 744.0 | 2,928.0 | 3,053.0 | 3,178.0 | ||
| Revenue | Consensus (Mean) | 733.4 | 2,903.5 | 720.3 | 726.9 | 716.8 | 2,872.6 | 2,941.0 | 3,023.7 |
| Revenue | Median | 717.0 | 727.0 | 723.0 | 2,888.0 | 2,969.0 | 3,054.0 | ||
| Revenue | Lowest | 708.0 | 695.5 | 668.6 | 2,784.2 | 2,839.9 | 2,896.7 | ||
| Operative EBITDA | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Operative EBITDA | Highest | 139.1 | 150.8 | 147.0 | 563.0 | 588.0 | 624.0 | ||
| Operative EBITDA | Consensus (Mean) | 140.5 | 582.1 | 133.9 | 143.2 | 137.2 | 549.7 | 562.1 | 580.1 |
| Operative EBITDA | Median | 135.3 | 144.4 | 136.3 | 545.8 | 567.0 | 575.8 | ||
| Operative EBITDA | Lowest | 122.0 | 134.0 | 122.1 | 538.0 | 539.0 | 552.0 | ||
| Margin in % | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Margin in % | Highest | 19.6 | 20.4 | 20.4 | 19.4 | 19.4 | 19.6 | ||
| Margin in % | Consensus (Mean) | 19.2 | 20.0 | 18.6 | 19.7 | 19.1 | 19.1 | 19.1 | 19.2 |
| Margin in % | Median | 18.6 | 20.0 | 19.1 | 19.3 | 19.2 | 19.3 | ||
| Margin in % | Lowest | 17.2 | 18.5 | 17.1 | 18.6 | 18.3 | 18.4 | ||
| Operative EBIT (excl. non-recurring items) | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Operative EBIT (excl. non-recurring items) | Highest | 90.8 | 104.0 | 102.3 | 368.1 | 388.0 | 421.0 | ||
| Operative EBIT (excl. non-recurring items) | Consensus (Mean) | 94.0 | 395.5 | 85.2 | 94.4 | 91.5 | 356.8 | 369.4 | 385.3 |
| Operative EBIT (excl. non-recurring items) | Median | 86.0 | 94.6 | 88.4 | 359.0 | 369.0 | 382.0 | ||
| Operative EBIT (excl. non-recurring items) | Lowest | 74.0 | 84.5 | 86.0 | 342.0 | 349.8 | 357.8 | ||
| EBIT | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| EBIT | Highest | 90.8 | 104.0 | 102.3 | 367.0 | 381.0 | 418.0 | ||
| EBIT | Consensus (Mean) | 90.7 | 363.2 | 84.4 | 93.6 | 89.7 | 352.7 | 365.8 | 381.8 |
| EBIT | Median | 84.0 | 94.5 | 87.8 | 357.0 | 367.7 | 380.4 | ||
| EBIT | Lowest | 74.0 | 84.5 | 79.0 | 339.0 | 344.0 | 357.8 | ||
| Net financial items | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Net financial items | Highest | -4.0 | -4.0 | -4.0 | -17.2 | -16.4 | -12.4 | ||
| Net financial items | Consensus (Mean) | -6.6 | -26.9 | -5.8 | -5.9 | -5.7 | -22.3 | -20.7 | -19.2 |
| Net financial items | Median | -5.8 | -5.8 | -6.0 | -22.0 | -18.5 | -17.2 | ||
| Net financial items | Lowest | -7.0 | -8.0 | -7.0 | -27.0 | -28.0 | -28.0 | ||
| Profit before tax | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Profit before tax | Highest | 83.8 | 97.0 | 98.1 | 348.3 | 364.0 | 401.0 | ||
| Profit before tax | Consensus (Mean) | 84.1 | 336.3 | 78.6 | 87.7 | 84.0 | 330.5 | 345.1 | 362.6 |
| Profit before tax | Median | 79.3 | 88.8 | 83.0 | 331.0 | 349.9 | 363.2 | ||
| Profit before tax | Lowest | 67.0 | 79.0 | 73.0 | 317.0 | 323.0 | 332.0 | ||
| Net profit attributable to equity holders of the parent company | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Net profit attributable to equity holders of the parent company | Highest | 63.3 | 71.7 | 72.8 | 257.0 | 275.0 | 305.0 | ||
| Net profit attributable to equity holders of the parent company | Consensus (Mean) | 62.0 | 249.4 | 58.7 | 65.7 | 63.2 | 247.3 | 258.7 | 272.4 |
| Net profit attributable to equity holders of the parent company | Median | 58.5 | 66.1 | 62.0 | 251.0 | 259.8 | 267.0 | ||
| Net profit attributable to equity holders of the parent company | Lowest | 52.0 | 58.2 | 55.0 | 234.0 | 240.0 | 250.4 | ||
| Number of shares | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Number of shares | Highest | 153.7 | 153.7 | 153.7 | 153.7 | 153.7 | 153.7 | ||
| Number of shares | Consensus (Mean) | 154.0 | 153.9 | 153.7 | 153.7 | 153.7 | 153.7 | 153.7 | 153.7 |
| Number of shares | Median | 153.7 | 153.7 | 153.7 | 153.7 | 153.7 | 153.7 | ||
| Number of shares | Lowest | 153.7 | 153.7 | 153.7 | 153.7 | 153.7 | 153.7 | ||
| EPS reported (in Euro) | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| EPS reported (in Euro) | Highest | 0.41 | 0.47 | 0.47 | 1.67 | 1.79 | 1.98 | ||
| EPS reported (in Euro) | Consensus (Mean) | 0.40 | 1.62 | 0.38 | 0.43 | 0.41 | 1.61 | 1.68 | 1.77 |
| EPS reported (in Euro) | Median | 0.38 | 0.43 | 0.40 | 1.63 | 1.69 | 1.74 | ||
| EPS reported (in Euro) | Lowest | 0.34 | 0.38 | 0.36 | 1.52 | 1.56 | 1.63 | ||
| Operative EPS (excl. non-recurring items) | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Operative EPS (excl. non-recurring items) | Highest | 0.41 | 0.47 | 0.47 | 1.69 | 1.81 | 1.99 | ||
| Operative EPS (excl. non-recurring items) | Consensus (Mean) | 0.42 | 1.83 | 0.39 | 0.43 | 0.42 | 1.63 | 1.70 | 1.79 |
| Operative EPS (excl. non-recurring items) | Median | 0.40 | 0.44 | 0.41 | 1.64 | 1.70 | 1.77 | ||
| Operative EPS (excl. non-recurring items) | Lowest | 0.34 | 0.38 | 0.38 | 1.53 | 1.58 | 1.63 | ||
| DPS (in Euro) | Number of Estimates | - | - | - | 9 | 9 | 9 | ||
| DPS (in Euro) | Highest | - | - | - | 0.80 | 0.86 | 0.92 | ||
| DPS (in Euro) | Consensus (Mean) | - | 0.74 | - | - | - | 0.74 | 0.77 | 0.81 |
| DPS (in Euro) | Median | - | - | - | 0.77 | 0.80 | 0.83 | ||
| DPS (in Euro) | Lowest | - | - | - | 0.53 | 0.53 | 0.53 | ||
| Capital expenditures | Number of Estimates | - | - | - | 9 | 9 | 9 | ||
| Capital expenditures | Highest | - | - | - | -110.0 | -176.9 | -180.5 | ||
| Capital expenditures | Consensus (Mean) | -35.0 | -167.3 | - | - | - | -191.7 | -206.0 | -206.9 |
| Capital expenditures | Median | - | - | - | -202.0 | -206.0 | -201.0 | ||
| Capital expenditures | Lowest | - | - | - | -215.0 | -232.0 | -228.0 |
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.
