| KPI | [EUR m] | Q3 2025 | FY 2025 | Q3 2026 E | FY 2026 E | FY 2027 E | FY 2028 E |
|---|---|---|---|---|---|---|---|
| Revenue | Number of Estimates | - | 7 | 7 | 7 | ||
| Revenue | Highest | - | 1,414.0 | 1,825.0 | 2,452.0 | ||
| Revenue | Consensus (Mean) | 283.9 | 1,215.5 | - | 1,402.0 | 1,758.0 | 2,363.1 |
| Revenue | Median | - | 1,402.0 | 1,761.5 | 2,372.4 | ||
| Revenue | Lowest | - | 1,393.9 | 1,672.2 | 2,293.0 | ||
| Total operating performance | Number of Estimates | 1 | 9 | 9 | 9 | ||
| Total operating performance | Highest | 337.3 | 1,446.9 | 1,863.0 | 2,529.8 | ||
| Total operating performance | Consensus (Mean) | 300.0 | 1,247.6 | 337.3 | 1,424.6 | 1,797.4 | 2,403.1 |
| Total operating performance | Median | 337.3 | 1,429.0 | 1,805.0 | 2,440.0 | ||
| Total operating performance | Lowest | 337.3 | 1,394.8 | 1,672.2 | 2,217.0 | ||
| EBITDA | Number of Estimates | 1 | 8 | 8 | 8 | ||
| EBITDA | Highest | 37.1 | 156.0 | 221.0 | 307.7 | ||
| EBITDA | Consensus (Mean) | 33.5 | 114.8 | 37.1 | 142.9 | 205.1 | 291.6 |
| EBITDA | Median | 37.1 | 145.8 | 205.5 | 294.0 | ||
| EBITDA | Lowest | 37.1 | 118.0 | 191.0 | 264.0 | ||
| Adjusted EBITDA | Number of Estimates | 1 | 9 | 9 | 9 | ||
| Adjusted EBITDA | Highest | 37.1 | 158.1 | 223.5 | 307.7 | ||
| Adjusted EBITDA | Consensus (Mean) | 35.0 | 125.6 | 37.1 | 152.4 | 207.1 | 294.3 |
| Adjusted EBITDA | Median | 37.1 | 151.0 | 208.0 | 297.0 | ||
| Adjusted EBITDA | Lowest | 37.1 | 149.0 | 193.4 | 269.0 | ||
| EBIT | Number of Estimates | 1 | 9 | 9 | 9 | ||
| EBIT | Highest | 25.9 | 109.0 | 166.5 | 247.0 | ||
| EBIT | Consensus (Mean) | 23.4 | 73.3 | 25.9 | 94.7 | 149.2 | 220.4 |
| EBIT | Median | 25.9 | 100.0 | 150.5 | 216.0 | ||
| EBIT | Lowest | 25.9 | 71.0 | 131.6 | 189.0 | ||
| Adjusted EBIT | Number of Estimates | 1 | 5 | 5 | 5 | ||
| Adjusted EBIT | Highest | 25.9 | 109.0 | 160.0 | 247.0 | ||
| Adjusted EBIT | Consensus (Mean) | - | 84.0 | 25.9 | 105.4 | 149.0 | 216.8 |
| Adjusted EBIT | Median | 25.9 | 105.0 | 149.0 | 216.0 | ||
| Adjusted EBIT | Lowest | 25.9 | 102.0 | 137.0 | 194.0 | ||
| Operating cashflow | Number of Estimates | - | 8 | 8 | 8 | ||
| Operating cashflow | Highest | - | 102.0 | 175.9 | 427.0 | ||
| Operating cashflow | Consensus (Mean) | -20.2 | 38.5 | - | 73.4 | 94.0 | 218.2 |
| Operating cashflow | Median | - | 75.5 | 80.5 | 191.6 | ||
| Operating cashflow | Lowest | - | 31.1 | 37.0 | 140.0 | ||
| Adjusted free cash flow | Number of Estimates | - | 6 | 6 | 6 | ||
| Adjusted free cash flow | Highest | - | 46.0 | 85.0 | 314.0 | ||
| Adjusted free cash flow | Consensus (Mean) | -23.2 | 56.0 | - | 23.0 | 0.3 | 128.3 |
| Adjusted free cash flow | Median | - | 27.5 | -12.0 | 86.5 | ||
| Adjusted free cash flow | Lowest | - | -14.0 | -52.0 | 64.0 |
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.
