| KPI | (in EUR m) | Q2 2024 | FY 2024 | Q2 2025 E | Q3 2025 E | Q4 2025 E | FY 2025 E | FY 2026 E | FY 2027 E |
|---|---|---|---|---|---|---|---|---|---|
| Sales | Number of Estimates | 7 | 6 | 6 | 8 | 8 | 8 | ||
| Sales | Highest | 506.0 | 531.0 | 528.0 | 2,034.0 | 2,201.0 | 2,283.0 | ||
| Sales | Consensus | 509.8 | 1,938.6 | 492.6 | 503.3 | 489.8 | 1,975.9 | 2,106.4 | 2,184.3 |
| Sales | Median | 499.0 | 497.0 | 488.5 | 1,970.0 | 2,085.5 | 2,183.0 | ||
| Sales | Lowest | 474.0 | 481.0 | 447.0 | 1,926.0 | 2,014.0 | 2,092.0 | ||
| Comparable EBITDA | Number of Estimates | 7 | 6 | 6 | 7 | 7 | 7 | ||
| Comparable EBITDA | Highest | 47.0 | 68.0 | 91.0 | 256.0 | 358.0 | 356.0 | ||
| Comparable EBITDA | Consensus | 26.3 | 175.0 | 40.9 | 55.5 | 69.3 | 218.7 | 302.0 | 329.6 |
| Comparable EBITDA | Median | 41.8 | 57.8 | 64.9 | 230.0 | 315.0 | 345.0 | ||
| Comparable EBITDA | Lowest | 26.0 | 36.5 | 51.0 | 186.6 | 220.0 | 275.0 | ||
| Comparable EBITDA in % of net sales | Number of Estimates | 7 | 6 | 6 | 7 | 7 | 7 | ||
| Comparable EBITDA in % of net sales | Highest | 9.7 | 13.1 | 17.9 | 12.7 | 16.3 | 17.0 | ||
| Comparable EBITDA in % of net sales | Consensus | 5.2 | 9.0 | 8.3 | 11.0 | 14.2 | 11.1 | 14.3 | 15.1 |
| Comparable EBITDA in % of net sales | Median | 8.8 | 11.4 | 13.9 | 11.7 | 14.7 | 15.6 | ||
| Comparable EBITDA in % of net sales | Lowest | 5.2 | 7.4 | 9.7 | 9.6 | 10.9 | 12.6 | ||
| Comparable operating result | Number of Estimates | 7 | 6 | 6 | 8 | 8 | 8 | ||
| Comparable operating result | Highest | 20.0 | 41.0 | 64.0 | 147.0 | 246.0 | 241.0 | ||
| Comparable operating result | Consensus | -0.8 | 69.0 | 13.0 | 28.7 | 42.0 | 104.0 | 182.6 | 216.6 |
| Comparable operating result | Median | 12.2 | 30.2 | 38.4 | 99.0 | 186.0 | 227.0 | ||
| Comparable operating result | Lowest | 0.0 | 12.1 | 24.0 | 79.0 | 111.0 | 167.0 | ||
| Comparable operating result in % of net sales | Number of Estimates | 7 | 6 | 6 | 8 | 8 | 8 | ||
| Comparable operating result in % of net sales | Highest | 4.0 | 7.9 | 12.6 | 7.3 | 11.2 | 11.1 | ||
| Comparable operating result in % of net sales | Consensus | -0.2 | 3.6 | 2.6 | 5.7 | 8.6 | 5.3 | 8.6 | 9.9 |
| Comparable operating result in % of net sales | Median | 2.4 | 5.9 | 8.0 | 4.9 | 8.8 | 10.4 | ||
| Comparable operating result in % of net sales | Lowest | 0.0 | 2.5 | 4.5 | 4.1 | 5.5 | 7.9 | ||
| Items affecting comparability | Number of Estimates | 7 | 6 | 6 | 7 | 7 | 7 | ||
| Items affecting comparability | Highest | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||
| Items affecting comparability | Consensus | 0.1 | -6.7 | 0.0 | 0.0 | 0.0 | -23.0 | 0.0 | 0.0 |
| Items affecting comparability | Median | 0.0 | 0.0 | 0.0 | -27.0 | 0.0 | 0.0 | ||
| Items affecting comparability | Lowest | 0.0 | 0.0 | 0.0 | -27.1 | 0.0 | 0.0 | ||
| Operating result reported | Number of Estimates | 7 | 6 | 6 | 7 | 7 | 7 | ||
| Operating result reported | Highest | 20.0 | 41.0 | 64.0 | 120.0 | 246.0 | 241.0 | ||
| Operating result reported | Consensus | -0.7 | 62.3 | 13.0 | 28.7 | 42.0 | 83.9 | 189.4 | 217.0 |
| Operating result reported | Median | 12.2 | 30.2 | 38.4 | 91.4 | 200.0 | 229.0 | ||
| Operating result reported | Lowest | 0.0 | 12.1 | 24.0 | 52.0 | 111.0 | 167.0 | ||
| Operating result reported in % of net sales | Number of Estimates | 7 | 6 | 6 | 7 | 7 | 7 | ||
| Operating result reported in % of net sales | Highest | 4.0 | 7.9 | 12.6 | 6.0 | 11.2 | 11.1 | ||
| Operating result reported in % of net sales | Consensus | -0.1 | 3.2 | 2.6 | 5.7 | 8.6 | 4.3 | 8.9 | 9.9 |
| Operating result reported in % of net sales | Median | 2.4 | 5.9 | 8.0 | 4.7 | 9.3 | 10.6 | ||
| Operating result reported in % of net sales | Lowest | 0.0 | 2.5 | 4.5 | 2.7 | 5.5 | 7.9 | ||
| Result for the period attributable to shareholders | Number of Estimates | 7 | 6 | 6 | 7 | 7 | 7 | ||
| Result for the period attributable to shareholders | Highest | 13.0 | 28.4 | 46.2 | 77.0 | 180.0 | 188.0 | ||
| Result for the period attributable to shareholders | Consensus | -9.1 | 25.3 | 7.5 | 19.5 | 30.4 | 51.3 | 135.7 | 158.9 |
| Result for the period attributable to shareholders | Median | 9.0 | 20.4 | 27.7 | 57.0 | 137.0 | 173.0 | ||
| Result for the period attributable to shareholders | Lowest | -4.0 | 5.8 | 14.0 | 28.0 | 72.0 | 116.0 | ||
| EPS (in EUR) | Number of Estimates | 7 | 6 | 6 | 7 | 7 | 7 | ||
| EPS (in EUR) | Highest | 0.04 | 0.08 | 0.13 | 0.22 | 0.51 | 0.53 | ||
| EPS (in EUR) | Consensus | -0.03 | 0.07 | 0.02 | 0.05 | 0.09 | 0.14 | 0.38 | 0.45 |
| EPS (in EUR) | Median | 0.03 | 0.06 | 0.08 | 0.16 | 0.39 | 0.49 | ||
| EPS (in EUR) | Lowest | -0.01 | 0.02 | 0.04 | 0.08 | 0.20 | 0.33 | ||
| Comparable EPS (in EUR) | Number of Estimates | 7 | 6 | 6 | 8 | 8 | 8 | ||
| Comparable EPS (in EUR) | Highest | 0.04 | 0.08 | 0.13 | 0.29 | 0.51 | 0.53 | ||
| Comparable EPS (in EUR) | Consensus | -0.03 | 0.09 | 0.02 | 0.05 | 0.09 | 0.20 | 0.36 | 0.44 |
| Comparable EPS (in EUR) | Median | 0.03 | 0.06 | 0.08 | 0.17 | 0.37 | 0.47 | ||
| Comparable EPS (in EUR) | Lowest | -0.01 | 0.02 | 0.04 | 0.11 | 0.20 | 0.33 | ||
| DPS (in EUR) | Number of Estimates | - | - | - | 8 | 8 | 8 | ||
| DPS (in EUR) | Highest | - | - | - | 0.20 | 0.30 | 0.35 | ||
| DPS (in EUR) | Consensus | - | 0.07 | - | - | - | 0.10 | 0.18 | 0.24 |
| DPS (in EUR) | Median | - | - | - | 0.10 | 0.18 | 0.24 | ||
| DPS (in EUR) | Lowest | - | - | - | 0.01 | 0.11 | 0.16 | ||
| Gross investments | Number of Estimates | - | - | - | 7 | 7 | 7 | ||
| Gross investments | Highest | - | - | - | -125.0 | 101.0 | -100.0 | ||
| Gross investments | Consensus | - | -136.0 | - | - | - | -150.1 | -110.6 | -135.1 |
| Gross investments | Median | - | - | - | -140.0 | -150.0 | -125.0 | ||
| Gross investments | Lowest | - | - | - | -200.0 | -175.0 | -185.0 | ||
| EV/EBITDA | Number of Estimates | - | - | - | 8 | 8 | 8 | ||
| EV/EBITDA | Highest | - | - | - | 9.7 | 7.4 | 5.8 | ||
| EV/EBITDA | Consensus | - | - | - | - | - | 7.5 | 5.3 | 4.5 |
| EV/EBITDA | Median | - | - | - | 7.4 | 5.3 | 4.5 | ||
| EV/EBITDA | Lowest | - | - | - | 3.2 | 2.4 | 2.4 | ||
| Dividend yield, in % | Number of Estimates | - | - | - | 8 | 8 | 8 | ||
| Dividend yield, in % | Highest | - | - | - | 6.1 | 9.1 | 10.6 | ||
| Dividend yield, in % | Consensus | - | - | - | - | - | 3.0 | 5.5 | 7.3 |
| Dividend yield, in % | Median | - | - | - | 2.9 | 5.3 | 7.2 | ||
| Dividend yield, in % | Lowest | - | - | - | 0.5 | 3.3 | 4.9 |
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.
