| KPI | [EUR m] | Q1 2024 | FY 2024 | Q1 2025 E | FY 2025 E | FY 2026 E | FY 2027 E |
|---|---|---|---|---|---|---|---|
| Net sales | Number of Estimates | 8 | 8 | 9 | 9 | ||
| Net sales | Highest | 481.0 | 1,914.0 | 1,997.0 | 2,097.0 | ||
| Net sales | Consensus | 470.6 | 1,801.9 | 467.3 | 1,862.3 | 1,947.8 | 2,044.4 |
| Net sales | Median | 467.3 | 1,870.4 | 1,959.7 | 2,045.3 | ||
| Net sales | Lowest | 453.0 | 1,793.0 | 1,897.0 | 1,981.0 | ||
| Organic growth rate (in %) | Number of Estimates | 5 | 3 | 4 | 4 | ||
| Organic growth rate (in %) | Highest | -1.1 | 0.5 | 5.4 | 5.2 | ||
| Organic growth rate (in %) | Consensus | -2.0 | -2.0 | -3.4 | -0.2 | 3.9 | 4.5 |
| Organic growth rate (in %) | Median | -3.9 | 0.2 | 3.9 | 4.4 | ||
| Organic growth rate (in %) | Lowest | -4.5 | -1.3 | 2.5 | 4.1 | ||
| Adjusted EBITA | Number of Estimates | 7 | 7 | 9 | 9 | ||
| Adjusted EBITA | Highest | 66.8 | 254.7 | 333.0 | 350.0 | ||
| Adjusted EBITA | Consensus | 68.6 | 256.0 | 57.1 | 244.7 | 280.2 | 300.0 |
| Adjusted EBITA | Median | 58.0 | 245.1 | 276.1 | 294.6 | ||
| Adjusted EBITA | Lowest | 47.0 | 225.0 | 263.0 | 272.7 | ||
| Adjusted EBITA margin (in %) | Number of Estimates | 7 | 7 | 9 | 9 | ||
| Adjusted EBITA margin (in %) | Highest | 14.0 | 13.7 | 17.6 | 17.7 | ||
| Adjusted EBITA margin (in %) | Consensus | 12.1 | 12.3 | 12.2 | 12.9 | 14.1 | 14.4 |
| Adjusted EBITA margin (in %) | Median | 12.6 | 13.2 | 13.7 | 14.1 | ||
| Adjusted EBITA margin (in %) | Lowest | 10.1 | 12.1 | 12.5 | 12.8 | ||
| One time costs | Number of Estimates | 6 | 5 | 7 | 7 | ||
| One time costs | Highest | 11.8 | 32.4 | 36.3 | 38.4 | ||
| One time costs | Consensus | 14.9 | 271.1 | 6.8 | 23.7 | 16.4 | 17.1 |
| One time costs | Median | 6.0 | 22.0 | 14.0 | 15.0 | ||
| One time costs | Lowest | 3.3 | 13.2 | 3.1 | 2.6 | ||
| Reported EBITA | Number of Estimates | 6 | 5 | 7 | 7 | ||
| Reported EBITA | Highest | 57.8 | 231.9 | 276.8 | 299.0 | ||
| Reported EBITA | Consensus | 53.7 | -15.1 | 52.0 | 223.9 | 258.4 | 277.2 |
| Reported EBITA | Median | 52.0 | 224.0 | 256.1 | 275.9 | ||
| Reported EBITA | Lowest | 44.6 | 218.6 | 234.2 | 256.2 | ||
| PPA Amortization | Number of Estimates | 6 | 5 | 7 | 7 | ||
| PPA Amortization | Highest | 11.0 | 43.2 | 43.4 | 43.4 | ||
| PPA Amortization | Consensus | 11.1 | 43.8 | 9.0 | 37.2 | 37.2 | 37.5 |
| PPA Amortization | Median | 9.0 | 36.0 | 36.0 | 36.0 | ||
| PPA Amortization | Lowest | 7.1 | 35.4 | 30.0 | 31.3 | ||
| Reported EBIT | Number of Estimates | 6 | 5 | 8 | 8 | ||
| Reported EBIT | Highest | 50.6 | 195.9 | 241.2 | 263.4 | ||
| Reported EBIT | Consensus | 62.7 | 29.8 | 43.1 | 186.7 | 220.9 | 239.1 |
| Reported EBIT | Median | 43.1 | 188.0 | 219.7 | 236.6 | ||
| Reported EBIT | Lowest | 35.8 | 177.0 | 191.0 | 213.0 | ||
| Profit before taxes | Number of Estimates | 7 | 6 | 9 | 9 | ||
| Profit before taxes | Highest | 46.0 | 194.0 | 266.0 | 290.0 | ||
| Profit before taxes | Consensus | 50.4 | -21.8 | 32.7 | 149.9 | 196.8 | 216.4 |
| Profit before taxes | Median | 31.9 | 143.3 | 192.7 | 207.5 | ||
| Profit before taxes | Lowest | 20.3 | 123.0 | 153.0 | 173.0 | ||
| Net profit after minorities for the period | Number of Estimates | 7 | 6 | 9 | 9 | ||
| Net profit after minorities for the period | Highest | 40.5 | 153.0 | 162.0 | 181.0 | ||
| Net profit after minorities for the period | Consensus | 38.3 | -62.8 | 15.0 | 115.6 | 149.0 | 164.3 |
| Net profit after minorities for the period | Median | 24.7 | 127.4 | 150.3 | 163.0 | ||
| Net profit after minorities for the period | Lowest | -62.8 | 55.8 | 119.3 | 134.7 | ||
| Average number of shares outstanding (in million) | Number of Estimates | 7 | 7 | 9 | 9 | ||
| Average number of shares outstanding (in million) | Highest | 118.4 | 118.4 | 118.4 | 118.4 | ||
| Average number of shares outstanding (in million) | Consensus | 118.4 | 118.4 | 118.4 | 118.4 | 118.4 | 118.4 |
| Average number of shares outstanding (in million) | Median | 118.4 | 118.4 | 118.4 | 118.4 | ||
| Average number of shares outstanding (in million) | Lowest | 118.4 | 118.4 | 118.4 | 118.4 | ||
| EPS (in EUR) | Number of Estimates | 7 | 6 | 9 | 9 | ||
| EPS (in EUR) | Highest | 0.34 | 1.29 | 1.37 | 1.52 | ||
| EPS (in EUR) | Consensus | 0.32 | -0.53 | 0.12 | 0.94 | 1.24 | 1.37 |
| EPS (in EUR) | Median | 0.20 | 0.98 | 1.25 | 1.37 | ||
| EPS (in EUR) | Lowest | -0.53 | 0.47 | 1.01 | 1.14 | ||
| Adjusted EPS (in EUR) | Number of Estimates | 6 | 6 | 8 | 8 | ||
| Adjusted EPS (in EUR) | Highest | 0.42 | 1.43 | 1.69 | 1.79 | ||
| Adjusted EPS (in EUR) | Consensus | 0.50 | 1.92 | 0.32 | 1.30 | 1.52 | 1.65 |
| Adjusted EPS (in EUR) | Median | 0.31 | 1.30 | 1.51 | 1.63 | ||
| Adjusted EPS (in EUR) | Lowest | 0.21 | 1.12 | 1.36 | 1.46 | ||
| DPS (in EUR) | Number of Estimates | - | 6 | 7 | 6 | ||
| DPS (in EUR) | Highest | - | 1.60 | 1.65 | 1.70 | ||
| DPS (in EUR) | Consensus | - | 1.50 | - | 1.40 | 1.45 | 1.50 |
| DPS (in EUR) | Median | - | 1.40 | 1.50 | 1.49 | ||
| DPS (in EUR) | Lowest | - | 1.20 | 1.25 | 1.30 | ||
| Net debt | Number of Estimates | - | 6 | 7 | 7 | ||
| Net debt | Highest | - | 662.0 | 643.0 | 631.0 | ||
| Net debt | Consensus | 879.8 | 871.8 | - | 590.5 | 559.9 | 518.0 |
| Net debt | Median | - | 609.1 | 546.0 | 483.0 | ||
| Net debt | Lowest | - | 484.0 | 450.5 | 420.5 | ||
| Cash flow from operations | Number of Estimates | - | 7 | 8 | 8 | ||
| Cash flow from operations | Highest | - | 301.0 | 287.0 | 301.0 | ||
| Cash flow from operations | Consensus | 71.8 | 325.7 | - | 229.7 | 255.3 | 272.7 |
| Cash flow from operations | Median | - | 213.0 | 256.5 | 273.0 | ||
| Cash flow from operations | Lowest | - | 198.2 | 226.0 | 242.1 |
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.
