Price target as of November 01, 2021
Price Target Consensus in EUR Positive Neutral Negative

Estimates as of November 01, 2021
KPI (in EUR m)Q3 2021 EFY 2021 EFY 2022 EFY 2023 E
Billings *Number of Estimates9141412
Billings *Highest136.0554.5654.4771.0
Billings *Consensus127.6542.5634.1734.0
Billings *Median126.0542.1632.4729.9
Billings *Lowest125.5532.2619.0699.2
Billings * Last year results 106.4 460.3
Adj. EBITDA *Number of Estimates9141412
Adj. EBITDA *Highest60.9253.1305.1356.0
Adj. EBITDA *Consensus45.8244.9283.6333.7
Adj. EBITDA *Median42.8244.9283.7335.5
Adj. EBITDA *Lowest42.5235.2260.3303.0
Adj. EBITDA * Last year results 58.2 261.4
Adj. EBIT **Number of Estimates510109
Adj. EBIT **Highest40.3236.9284.0338.0
Adj. EBIT **Consensus38.2224.8265.8315.5
Adj. EBIT **Median37.7225.0263.6318.0
Adj. EBIT **Lowest36.8211.1251.4293.3
Adj. EBIT ** Last year results 54.1 245.2
RevenueNumber of Estimates9131312
Revenue Last year results 117.2 455.6

Consensus = average

* Billings and Adjusted EBITDA are primary performance indicators and are defined in the respective current annual report

** Adj. EBIT is calculated as adj. EBITDA less ordinary depreciation and amortization (excluding amortization of intangible assets resulting from PPA)

Last Update: November 01, 2021. Provided by

Vara Research


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.