| KPI | [EUR m] | Q2 2025 | FY 2025 | Q2 2026 E | Q3 2026 E | Q4 2026 E | FY 2026 E | FY 2027 E | FY 2028 E |
|---|---|---|---|---|---|---|---|---|---|
| Orders received Biomaterial Solutions and Services | Number of Estimates | 7 | 7 | 7 | 7 | 7 | 7 | ||
| Orders received Biomaterial Solutions and Services | Highest | 1,016.0 | 809.0 | 1,078.0 | 3,426.0 | 4,233.0 | 4,421.0 | ||
| Orders received Biomaterial Solutions and Services | Consensus | 1,144.0 | 3,716.0 | 895.6 | 772.2 | 907.6 | 3,268.5 | 3,568.2 | 3,760.1 |
| Orders received Biomaterial Solutions and Services | Median | 897.0 | 766.0 | 869.0 | 3,200.0 | 3,408.0 | 3,619.0 | ||
| Orders received Biomaterial Solutions and Services | Lowest | 821.0 | 746.0 | 741.0 | 3,139.0 | 3,276.0 | 3,416.0 | ||
| Orders received Pulp, Energy and Circularity | Number of Estimates | 4 | 4 | 4 | 4 | 4 | 4 | ||
| Orders received Pulp, Energy and Circularity | Highest | 390.0 | 299.0 | 550.0 | 1,450.0 | 1,600.0 | 1,820.0 | ||
| Orders received Pulp, Energy and Circularity | Consensus | 426.0 | 1,536.0 | 353.0 | 254.3 | 399.8 | 1,246.8 | 1,335.5 | 1,416.5 |
| Orders received Pulp, Energy and Circularity | Median | 357.5 | 249.5 | 384.5 | 1,186.0 | 1,271.0 | 1,299.0 | ||
| Orders received Pulp, Energy and Circularity | Lowest | 307.0 | 219.0 | 280.0 | 1,165.0 | 1,200.0 | 1,248.0 | ||
| Orders received Packaging and Paper | Number of Estimates | 4 | 4 | 4 | 4 | 4 | 4 | ||
| Orders received Packaging and Paper | Highest | 375.0 | 350.0 | 340.0 | 1,350.0 | 1,700.0 | 1,800.0 | ||
| Orders received Packaging and Paper | Consensus | 454.0 | 1,368.0 | 343.3 | 323.0 | 296.3 | 1,262.3 | 1,379.8 | 1,428.5 |
| Orders received Packaging and Paper | Median | 340.0 | 318.0 | 284.0 | 1,245.0 | 1,286.5 | 1,318.0 | ||
| Orders received Packaging and Paper | Lowest | 318.0 | 306.0 | 277.0 | 1,209.0 | 1,246.0 | 1,278.0 | ||
| Orders received Tissue | Number of Estimates | 4 | 4 | 4 | 4 | 4 | 4 | ||
| Orders received Tissue | Highest | 244.0 | 221.0 | 189.0 | 799.0 | 933.0 | 872.0 | ||
| Orders received Tissue | Consensus | 265.0 | 812.0 | 200.3 | 190.8 | 182.8 | 726.5 | 833.0 | 830.3 |
| Orders received Tissue | Median | 198.5 | 206.0 | 183.0 | 744.0 | 812.0 | 824.0 | ||
| Orders received Tissue | Lowest | 160.0 | 130.0 | 176.0 | 619.0 | 775.0 | 801.0 | ||
| Orders received Biomaterial Services | Number of Estimates | 6 | 6 | 6 | 6 | 6 | 6 | ||
| Orders received Biomaterial Services | Highest | 497.0 | 450.0 | 500.0 | 1,929.0 | 2,083.0 | 2,208.0 | ||
| Orders received Biomaterial Services | Consensus | 534.0 | 1,948.0 | 490.9 | 423.9 | 468.6 | 1,889.4 | 1,992.6 | 2,092.3 |
| Orders received Biomaterial Services | Median | 491.5 | 420.1 | 463.0 | 1,883.7 | 1,978.2 | 2,077.0 | ||
| Orders received Biomaterial Services | Lowest | 483.0 | 404.0 | 446.0 | 1,855.0 | 1,920.0 | 1,997.0 | ||
| Orders received Process Performance Solutions | Number of Estimates | 7 | 7 | 7 | 7 | 7 | 7 | ||
| Orders received Process Performance Solutions | Highest | 390.3 | 422.0 | 471.0 | 1,675.0 | 2,001.0 | 2,172.0 | ||
| Orders received Process Performance Solutions | Consensus | 376.0 | 1,500.0 | 384.9 | 406.0 | 441.4 | 1,631.5 | 1,823.1 | 1,913.5 |
| Orders received Process Performance Solutions | Median | 385.0 | 414.0 | 446.0 | 1,646.0 | 1,843.0 | 1,913.0 | ||
| Orders received Process Performance Solutions | Lowest | 381.0 | 360.0 | 383.0 | 1,522.0 | 1,566.0 | 1,610.0 | ||
| Orders received Flow Control | Number of Estimates | 6 | 6 | 6 | 6 | 6 | 6 | ||
| Orders received Flow Control | Highest | 212.0 | 261.0 | 259.4 | 930.2 | 1,150.0 | 1,219.0 | ||
| Orders received Flow Control | Consensus | 206.0 | 798.0 | 210.4 | 244.6 | 237.2 | 899.2 | 1,043.6 | 1,090.8 |
| Orders received Flow Control | Median | 210.1 | 253.3 | 242.0 | 914.0 | 1,074.0 | 1,120.8 | ||
| Orders received Flow Control | Lowest | 209.0 | 201.0 | 187.0 | 804.0 | 824.0 | 844.0 | ||
| Orders received Automation Solutions | Number of Estimates | 6 | 6 | 6 | 6 | 6 | 6 | ||
| Orders received Automation Solutions | Highest | 180.2 | 175.0 | 218.0 | 760.0 | 851.0 | 953.0 | ||
| Orders received Automation Solutions | Consensus | 170.0 | 702.0 | 174.4 | 160.3 | 203.4 | 729.7 | 776.2 | 825.1 |
| Orders received Automation Solutions | Median | 173.5 | 159.8 | 203.7 | 728.5 | 765.1 | 799.4 | ||
| Orders received Automation Solutions | Lowest | 172.0 | 152.0 | 192.0 | 707.0 | 742.0 | 766.0 | ||
| Net sales Biomaterial Solutions and Services | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Net sales Biomaterial Solutions and Services | Highest | 910.0 | 934.0 | 1,045.0 | 3,791.0 | 3,941.0 | 4,096.0 | ||
| Net sales Biomaterial Solutions and Services | Consensus | 869.0 | 3,716.0 | 869.8 | 901.1 | 1,000.1 | 3,674.9 | 3,591.8 | 3,692.7 |
| Net sales Biomaterial Solutions and Services | Median | 888.0 | 895.0 | 1,008.5 | 3,679.5 | 3,580.2 | 3,644.0 | ||
| Net sales Biomaterial Solutions and Services | Lowest | 805.1 | 876.5 | 922.0 | 3,586.3 | 3,242.0 | 3,215.0 | ||
| Net sales Pulp, Energy and Circularity | Number of Estimates | 5 | 5 | 5 | 5 | 4 | 4 | ||
| Net sales Pulp, Energy and Circularity | Highest | 433.0 | 525.0 | 630.0 | 1,990.0 | 1,810.0 | 1,846.0 | ||
| Net sales Pulp, Energy and Circularity | Consensus | 383.0 | 1,610.0 | 388.0 | 410.2 | 484.6 | 1,716.6 | 1,569.3 | 1,520.5 |
| Net sales Pulp, Energy and Circularity | Median | 381.0 | 390.0 | 455.0 | 1,649.0 | 1,582.0 | 1,479.5 | ||
| Net sales Pulp, Energy and Circularity | Lowest | 345.0 | 352.0 | 402.0 | 1,580.0 | 1,303.0 | 1,277.0 | ||
| Net sales Packaging and Paper | Number of Estimates | 5 | 5 | 5 | 5 | 4 | 4 | ||
| Net sales Packaging and Paper | Highest | 335.0 | 345.0 | 371.0 | 1,386.0 | 1,473.0 | 1,617.0 | ||
| Net sales Packaging and Paper | Consensus | 361.0 | 1,483.0 | 312.0 | 290.7 | 323.7 | 1,261.5 | 1,343.8 | 1,393.0 |
| Net sales Packaging and Paper | Median | 326.0 | 305.0 | 351.0 | 1,316.0 | 1,361.5 | 1,399.5 | ||
| Net sales Packaging and Paper | Lowest | 244.1 | 191.5 | 210.6 | 981.3 | 1,179.0 | 1,156.0 | ||
| Net sales Tissue | Number of Estimates | 5 | 5 | 5 | 5 | 4 | 4 | ||
| Net sales Tissue | Highest | 200.0 | 226.0 | 249.0 | 794.0 | 789.0 | 856.0 | ||
| Net sales Tissue | Consensus | 125.0 | 622.0 | 156.0 | 195.4 | 201.2 | 687.8 | 717.8 | 783.3 |
| Net sales Tissue | Median | 153.0 | 196.0 | 199.0 | 658.0 | 712.5 | 797.5 | ||
| Net sales Tissue | Lowest | 127.0 | 160.0 | 160.0 | 615.0 | 657.0 | 682.0 | ||
| Net sales Biomaterial Services | Number of Estimates | 6 | 6 | 6 | 6 | 6 | 6 | ||
| Net sales Biomaterial Services | Highest | 471.0 | 474.0 | 554.0 | 1,888.0 | 2,006.0 | 2,145.0 | ||
| Net sales Biomaterial Services | Consensus | 460.0 | 1,856.0 | 449.3 | 455.7 | 512.6 | 1,831.3 | 1,931.1 | 2,020.7 |
| Net sales Biomaterial Services | Median | 445.5 | 452.5 | 518.9 | 1,829.5 | 1,937.0 | 2,024.0 | ||
| Net sales Biomaterial Services | Lowest | 437.0 | 440.0 | 465.0 | 1,791.8 | 1,863.5 | 1,938.0 | ||
| Net sales Process Performance Solutions | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 8 | ||
| Net sales Process Performance Solutions | Highest | 386.5 | 436.0 | 500.2 | 1,656.2 | 1,959.0 | 2,128.0 | ||
| Net sales Process Performance Solutions | Consensus | 372.0 | 1,481.0 | 377.6 | 413.3 | 462.6 | 1,594.3 | 1,766.2 | 1,850.4 |
| Net sales Process Performance Solutions | Median | 378.0 | 425.8 | 470.0 | 1,610.5 | 1,797.5 | 1,873.0 | ||
| Net sales Process Performance Solutions | Lowest | 369.0 | 366.0 | 416.0 | 1,501.0 | 1,539.0 | 1,577.0 | ||
| Net sales Flow Control | Number of Estimates | 5 | 5 | 5 | 5 | 5 | 5 | ||
| Net sales Flow Control | Highest | 215.0 | 261.0 | 281.8 | 935.0 | 1,106.0 | 1,202.0 | ||
| Net sales Flow Control | Consensus | 196.0 | 788.0 | 203.2 | 255.9 | 266.4 | 918.3 | 1,074.1 | 1,130.9 |
| Net sales Flow Control | Median | 201.0 | 256.0 | 262.0 | 925.0 | 1,081.0 | 1,123.6 | ||
| Net sales Flow Control | Lowest | 198.0 | 249.0 | 257.0 | 898.0 | 1,039.0 | 1,081.0 | ||
| Net sales Automation Solutions | Number of Estimates | 5 | 5 | 5 | 5 | 5 | 5 | ||
| Net sales Automation Solutions | Highest | 186.6 | 175.0 | 218.4 | 729.8 | 853.0 | 926.0 | ||
| Net sales Automation Solutions | Consensus | 176.0 | 694.0 | 175.1 | 172.8 | 213.5 | 709.4 | 773.2 | 820.5 |
| Net sales Automation Solutions | Median | 171.0 | 174.9 | 213.0 | 704.0 | 769.1 | 803.7 | ||
| Net sales Automation Solutions | Lowest | 168.0 | 167.0 | 208.0 | 696.0 | 734.0 | 764.0 | ||
| Comparable EBITA Biomaterial Solutions and Services | Number of Estimates | 7 | 7 | 7 | 8 | 8 | 8 | ||
| Comparable EBITA Biomaterial Solutions and Services | Highest | 90.0 | 102.0 | 128.0 | 373.0 | 446.0 | 492.0 | ||
| Comparable EBITA Biomaterial Solutions and Services | Consensus | 87.0 | 381.0 | 82.7 | 93.8 | 116.8 | 357.0 | 385.3 | 411.7 |
| Comparable EBITA Biomaterial Solutions and Services | Median | 83.0 | 93.0 | 117.6 | 356.5 | 379.1 | 408.0 | ||
| Comparable EBITA Biomaterial Solutions and Services | Lowest | 73.0 | 86.0 | 106.0 | 338.0 | 318.0 | 338.0 | ||
| Comparable EBITA Process Performance Solutions | Number of Estimates | 7 | 7 | 7 | 8 | 8 | 8 | ||
| Comparable EBITA Process Performance Solutions | Highest | 78.0 | 88.0 | 98.0 | 326.0 | 380.0 | 420.0 | ||
| Comparable EBITA Process Performance Solutions | Consensus | 66.0 | 290.0 | 69.8 | 81.1 | 94.5 | 307.6 | 337.4 | 360.5 |
| Comparable EBITA Process Performance Solutions | Median | 69.0 | 82.0 | 96.8 | 307.5 | 336.0 | 356.0 | ||
| Comparable EBITA Process Performance Solutions | Lowest | 65.0 | 72.0 | 89.0 | 298.0 | 308.0 | 321.0 | ||
| Comparable EBITA Other | Number of Estimates | 7 | 7 | 7 | 8 | 8 | 8 | ||
| Comparable EBITA Other | Highest | -10.0 | -9.0 | -10.0 | -43.0 | -43.0 | -43.0 | ||
| Comparable EBITA Other | Consensus | -10.0 | -51.0 | -11.6 | -11.1 | -12.6 | -48.8 | -50.0 | -50.6 |
| Comparable EBITA Other | Median | -12.0 | -12.0 | -12.0 | -48.5 | -50.5 | -51.0 | ||
| Comparable EBITA Other | Lowest | -13.0 | -13.0 | -15.0 | -54.0 | -57.0 | -60.0 | ||
| Comparable EBITA Margin (%) Biomaterial Solutions and Services | Number of Estimates | 7 | 7 | 7 | 8 | 8 | 8 | ||
| Comparable EBITA Margin (%) Biomaterial Solutions and Services | Highest | 10.0 | 11.0 | 13.0 | 10.1 | 11.7 | 12.0 | ||
| Comparable EBITA Margin (%) Biomaterial Solutions and Services | Consensus | 10.0 | 10.3 | 9.6 | 10.5 | 11.8 | 9.7 | 10.7 | 11.1 |
| Comparable EBITA Margin (%) Biomaterial Solutions and Services | Median | 9.7 | 10.5 | 11.8 | 9.8 | 10.6 | 11.0 | ||
| Comparable EBITA Margin (%) Biomaterial Solutions and Services | Lowest | 8.9 | 9.7 | 11.0 | 9.3 | 9.8 | 10.5 | ||
| Comparable EBITA Margin (%) Process Performance Solutions | Number of Estimates | 7 | 7 | 7 | 8 | 8 | 8 | ||
| Comparable EBITA Margin (%) Process Performance Solutions | Highest | 20.3 | 20.9 | 21.0 | 20.1 | 20.4 | 20.9 | ||
| Comparable EBITA Margin (%) Process Performance Solutions | Consensus | 17.8 | 19.6 | 18.5 | 19.3 | 20.2 | 19.3 | 19.1 | 19.5 |
| Comparable EBITA Margin (%) Process Performance Solutions | Median | 18.5 | 19.5 | 20.0 | 19.1 | 18.9 | 19.5 | ||
| Comparable EBITA Margin (%) Process Performance Solutions | Lowest | 17.4 | 17.1 | 19.4 | 18.6 | 18.4 | 18.6 |
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.
