| KPI | [EUR m] | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q2 2025 E | Q3 2025 E | Q4 2025 E | FY 2025 E | FY 2026 E | FY 2027 E |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group order intake | Number of Estimates | 4 | 4 | 4 | 6 | 6 | 6 | ||||
| Group order intake | Highest | 346.0 | 406.3 | 584.8 | 1,757.4 | 2,027.5 | 2,461.4 | ||||
| Group order intake | Consensus (Mean) | 419.0 | 230.0 | 584.0 | 1,442.0 | 271.0 | 383.6 | 459.5 | 1,641.2 | 1,886.8 | 2,176.6 |
| Group order intake | Median | 271.3 | 383.3 | 435.9 | 1,633.1 | 1,904.4 | 2,148.6 | ||||
| Group order intake | Lowest | 195.4 | 361.6 | 381.4 | 1,552.4 | 1,722.7 | 1,976.2 | ||||
| VMS order intake | Number of Estimates | 4 | 4 | 4 | 6 | 6 | 6 | ||||
| VMS order intake | Highest | 202.1 | 278.0 | 430.1 | 1,192.1 | 1,430.0 | 1,801.8 | ||||
| VMS order intake | Consensus (Mean) | 332.0 | 138.0 | 467.0 | 1,015.0 | 131.8 | 252.5 | 295.6 | 1,095.1 | 1,311.9 | 1,560.9 |
| VMS order intake | Median | 143.5 | 250.0 | 289.1 | 1,098.1 | 1,332.9 | 1,555.1 | ||||
| VMS order intake | Lowest | 38.0 | 232.1 | 174.2 | 1,005.3 | 1,116.4 | 1,334.0 | ||||
| M&I order intake | Number of Estimates | 4 | 4 | 4 | 6 | 6 | 6 | ||||
| M&I order intake | Highest | 114.4 | 102.4 | 178.9 | 504.5 | 474.7 | 506.1 | ||||
| M&I order intake | Consensus (Mean) | 59.0 | 59.0 | 92.0 | 307.0 | 102.8 | 94.5 | 121.1 | 405.5 | 425.0 | 457.1 |
| M&I order intake | Median | 103.4 | 95.4 | 111.4 | 406.1 | 442.8 | 481.0 | ||||
| M&I order intake | Lowest | 90.0 | 85.0 | 82.7 | 331.9 | 358.4 | 387.1 | ||||
| Slide Bearings order intake | Number of Estimates | 4 | 4 | 4 | 6 | 6 | 6 | ||||
| Slide Bearings order intake | Highest | 45.3 | 41.4 | 57.9 | 164.7 | 171.8 | 181.1 | ||||
| Slide Bearings order intake | Consensus (Mean) | 31.0 | 36.0 | 26.0 | 133.0 | 38.1 | 38.2 | 41.5 | 150.6 | 160.9 | 170.8 |
| Slide Bearings order intake | Median | 36.0 | 38.5 | 38.7 | 149.6 | 161.3 | 172.0 | ||||
| Slide Bearings order intake | Lowest | 35.0 | 34.4 | 30.8 | 139.3 | 147.7 | 155.1 | ||||
| Others/reconciliation order intake | Number of Estimates | 3 | 3 | 3 | 5 | 5 | 5 | ||||
| Others/reconciliation order intake | Highest | 0.0 | 0.0 | 7.4 | 0.0 | 0.0 | 0.0 | ||||
| Others/reconciliation order intake | Consensus (Mean) | -2.0 | -2.0 | -1.0 | -13.0 | -2.2 | -2.1 | 1.7 | -12.0 | -13.3 | -14.6 |
| Others/reconciliation order intake | Median | -2.3 | -2.0 | 0.0 | -15.0 | -17.0 | -17.0 | ||||
| Others/reconciliation order intake | Lowest | -4.4 | -4.2 | -2.3 | -16.0 | -18.0 | -21.8 | ||||
| Group revenue | Number of Estimates | 4 | 4 | 4 | 11 | 11 | 11 | ||||
| Group revenue | Highest | 351.2 | 333.1 | 439.7 | 1,410.3 | 1,708.1 | 2,050.8 | ||||
| Group revenue | Consensus (Mean) | 273.0 | 268.0 | 362.0 | 1,141.0 | 336.2 | 322.4 | 411.1 | 1,347.6 | 1,591.3 | 1,867.2 |
| Group revenue | Median | 334.5 | 325.8 | 411.9 | 1,337.1 | 1,561.5 | 1,845.2 | ||||
| Group revenue | Lowest | 324.7 | 305.0 | 381.0 | 1,307.2 | 1,519.7 | 1,752.2 | ||||
| VMS revenue | Number of Estimates | 4 | 4 | 4 | 9 | 9 | 9 | ||||
| VMS revenue | Highest | 205.1 | 220.1 | 296.9 | 908.7 | 1,135.9 | 1,419.8 | ||||
| VMS revenue | Consensus (Mean) | 160.0 | 169.0 | 235.0 | 699.0 | 198.6 | 208.5 | 269.5 | 851.8 | 1,042.1 | 1,273.0 |
| VMS revenue | Median | 201.0 | 210.2 | 269.3 | 838.8 | 1,014.9 | 1,246.3 | ||||
| VMS revenue | Lowest | 187.3 | 193.4 | 242.6 | 817.2 | 981.4 | 1,164.7 | ||||
| M&I revenue | Number of Estimates | 4 | 4 | 4 | 9 | 9 | 9 | ||||
| M&I revenue | Highest | 124.2 | 85.3 | 130.8 | 380.7 | 436.2 | 488.5 | ||||
| M&I revenue | Consensus (Mean) | 83.0 | 70.0 | 98.0 | 330.0 | 104.2 | 82.1 | 112.5 | 371.8 | 416.9 | 458.4 |
| M&I revenue | Median | 101.3 | 81.8 | 114.9 | 375.8 | 420.9 | 458.8 | ||||
| M&I revenue | Lowest | 90.1 | 79.3 | 89.4 | 356.2 | 395.6 | 436.1 | ||||
| Slide Bearings revenue | Number of Estimates | 4 | 4 | 4 | 9 | 9 | 9 | ||||
| Slide Bearings revenue | Highest | 44.0 | 37.6 | 36.5 | 140.2 | 156.2 | 173.9 | ||||
| Slide Bearings revenue | Consensus (Mean) | 32.0 | 31.0 | 33.0 | 125.0 | 37.7 | 34.7 | 34.0 | 136.8 | 149.2 | 162.1 |
| Slide Bearings revenue | Median | 35.8 | 33.9 | 35.7 | 137.3 | 151.0 | 164.6 | ||||
| Slide Bearings revenue | Lowest | 35.1 | 33.3 | 28.0 | 133.5 | 141.5 | 148.6 | ||||
| Others/reconciliation revenue | Number of Estimates | 4 | 4 | 4 | 9 | 9 | 9 | ||||
| Others/reconciliation revenue | Highest | -3.2 | -2.1 | -4.6 | -13.2 | -13.2 | -13.2 | ||||
| Others/reconciliation revenue | Consensus (Mean) | -3.0 | -2.0 | -4.0 | -13.0 | -4.3 | -2.8 | -4.9 | -15.0 | -16.9 | -18.5 |
| Others/reconciliation revenue | Median | -4.3 | -2.5 | -4.9 | -15.1 | -17.4 | -20.0 | ||||
| Others/reconciliation revenue | Lowest | -5.3 | -4.3 | -5.2 | -17.0 | -19.0 | -21.2 | ||||
| Group adjusted EBIT | Number of Estimates | 4 | 4 | 4 | 11 | 11 | 11 | ||||
| Group adjusted EBIT | Highest | 64.5 | 56.7 | 138.0 | 249.2 | 317.2 | 397.8 | ||||
| Group adjusted EBIT | Consensus (Mean) | 41.0 | 43.0 | 77.0 | 189.0 | 44.8 | 46.2 | 97.2 | 231.0 | 286.1 | 352.7 |
| Group adjusted EBIT | Median | 47.3 | 47.7 | 90.7 | 233.5 | 284.4 | 344.3 | ||||
| Group adjusted EBIT | Lowest | 20.3 | 32.6 | 69.2 | 190.0 | 257.0 | 332.3 | ||||
| VMS adj. EBIT | Number of Estimates | 4 | 4 | 4 | 9 | 9 | 9 | ||||
| VMS adj. EBIT | Highest | 48.8 | 44.0 | 105.6 | 191.9 | 248.7 | 319.7 | ||||
| VMS adj. EBIT | Consensus (Mean) | 26.0 | 31.0 | 63.0 | 140.0 | 33.6 | 36.3 | 79.2 | 178.3 | 226.3 | 286.8 |
| VMS adj. EBIT | Median | 35.7 | 38.4 | 75.4 | 176.1 | 220.0 | 285.2 | ||||
| VMS adj. EBIT | Lowest | 14.1 | 24.6 | 60.4 | 168.8 | 209.3 | 264.7 | ||||
| M&I adj. EBIT | Number of Estimates | 4 | 4 | 4 | 9 | 9 | 9 | ||||
| M&I adj. EBIT | Highest | 13.0 | 8.7 | 26.9 | 42.3 | 50.9 | 57.4 | ||||
| M&I adj. EBIT | Consensus (Mean) | 11.0 | 7.0 | 12.0 | 35.0 | 9.9 | 7.2 | 16.0 | 40.3 | 46.4 | 51.9 |
| M&I adj. EBIT | Median | 12.1 | 7.9 | 13.4 | 41.0 | 46.8 | 51.2 | ||||
| M&I adj. EBIT | Lowest | 2.4 | 4.3 | 10.5 | 37.4 | 41.5 | 45.9 | ||||
| Slide Bearings adj. EBIT | Number of Estimates | 4 | 4 | 4 | 9 | 9 | 9 | ||||
| Slide Bearings adj. EBIT | Highest | 6.9 | 5.8 | 8.4 | 24.0 | 26.7 | 29.7 | ||||
| Slide Bearings adj. EBIT | Consensus (Mean) | 6.0 | 5.0 | 5.0 | 21.0 | 6.2 | 5.6 | 6.3 | 23.6 | 25.8 | 28.1 |
| Slide Bearings adj. EBIT | Median | 6.5 | 5.6 | 5.9 | 23.8 | 26.0 | 28.2 | ||||
| Slide Bearings adj. EBIT | Lowest | 5.0 | 5.2 | 5.1 | 22.0 | 23.9 | 25.3 | ||||
| Others/reconciliation adj. EBIT | Number of Estimates | 4 | 4 | 4 | 9 | 9 | 9 | ||||
| Others/reconciliation adj. EBIT | Highest | -1.3 | 1.5 | -1.1 | -6.5 | -6.6 | -6.6 | ||||
| Others/reconciliation adj. EBIT | Consensus (Mean) | -3.0 | 0.0 | -3.0 | -7.0 | -4.9 | -2.9 | -4.8 | -12.3 | -12.8 | -12.8 |
| Others/reconciliation adj. EBIT | Median | -3.1 | -0.6 | -3.2 | -8.5 | -8.9 | -9.3 | ||||
| Others/reconciliation adj. EBIT | Lowest | -12.0 | -12.0 | -11.7 | -48.0 | -46.0 | -40.0 | ||||
| Adjusted Net Income | Number of Estimates | 4 | 4 | 4 | 11 | 11 | 11 | ||||
| Adjusted Net Income | Highest | 36.1 | 25.6 | 81.8 | 159.3 | 210.1 | 268.5 | ||||
| Adjusted Net Income | Consensus (Mean) | 21.4 | 13.6 | 59.3 | 103.1 | 32.3 | 22.9 | 69.3 | 137.7 | 178.8 | 230.4 |
| Adjusted Net Income | Median | 33.7 | 23.7 | 77.2 | 142.0 | 180.5 | 228.1 | ||||
| Adjusted Net Income | Lowest | 25.8 | 18.7 | 40.9 | 105.0 | 151.0 | 206.5 | ||||
| DPS | Number of Estimates | - | - | - | 11 | 11 | 11 | ||||
| DPS | Highest | - | - | - | 0.72 | 0.95 | 1.21 | ||||
| DPS | Consensus (Mean) | - | - | - | 0.42 | - | - | - | 0.60 | 0.78 | 0.99 |
| DPS | Median | - | - | - | 0.61 | 0.80 | 0.95 | ||||
| DPS | Lowest | - | - | - | 0.48 | 0.66 | 0.87 | ||||
| Free Cash Flow | Number of Estimates | - | - | - | 11 | 11 | 11 | ||||
| Free Cash Flow | Highest | - | - | - | 126.0 | 176.0 | 222.0 | ||||
| Free Cash Flow | Consensus (Mean) | -7.6 | 3.3 | 91.6 | 87.4 | - | - | - | 103.2 | 144.5 | 185.0 |
| Free Cash Flow | Median | - | - | - | 107.5 | 146.1 | 190.1 | ||||
| Free Cash Flow | Lowest | - | - | - | 72.6 | 111.5 | 143.1 | ||||
| Net working capital | Number of Estimates | - | - | - | 11 | 11 | 11 | ||||
| Net working capital | Highest | - | - | - | 354.8 | 407.1 | 448.0 | ||||
| Net working capital | Consensus (Mean) | 280.0 | 302.0 | 284.0 | 284.0 | - | - | - | 330.5 | 370.6 | 412.9 |
| Net working capital | Median | - | - | - | 328.9 | 369.1 | 412.0 | ||||
| Net working capital | Lowest | - | - | - | 304.0 | 339.0 | 376.0 | ||||
| Net debt | Number of Estimates | - | - | - | 11 | 11 | 11 | ||||
| Net debt | Highest | - | - | - | 360.0 | 291.0 | 206.0 | ||||
| Net debt | Consensus (Mean) | 442.0 | 466.0 | 375.0 | 375.0 | - | - | - | 325.9 | 239.0 | 128.6 |
| Net debt | Median | - | - | - | 328.7 | 240.7 | 137.1 | ||||
| Net debt | Lowest | - | - | - | 291.7 | 186.0 | 41.9 |
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.
