| KPI | [EUR m] | Q2 2024 | FY 2024 | Q2 2025 E | Q3 2025 E | Q4 2025 E | FY 2025 E | FY 2026 E | FY 2027 E |
|---|---|---|---|---|---|---|---|---|---|
| Orders received Services Segment | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Orders received Services Segment | Highest | 525.0 | 450.0 | 503.9 | 2,026.0 | 2,192.0 | 2,323.0 | ||
| Orders received Services Segment | Consensus | 497.0 | 1,915.0 | 505.4 | 431.9 | 486.4 | 1,991.9 | 2,074.1 | 2,165.0 |
| Orders received Services Segment | Median | 509.5 | 432.7 | 490.8 | 2,002.5 | 2,068.1 | 2,144.0 | ||
| Orders received Services Segment | Lowest | 472.0 | 400.0 | 458.0 | 1,909.0 | 2,004.0 | 2,058.0 | ||
| Orders Automation Segment | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Orders Automation Segment | Highest | 375.0 | 350.0 | 414.0 | 1,545.0 | 1,680.0 | 1,846.0 | ||
| Orders Automation Segment | Consensus | 352.0 | 1,446.0 | 358.9 | 337.0 | 393.7 | 1,495.1 | 1,574.3 | 1,655.3 |
| Orders Automation Segment | Median | 363.0 | 336.5 | 396.0 | 1,490.0 | 1,563.5 | 1,642.0 | ||
| Orders Automation Segment | Lowest | 341.0 | 319.0 | 379.0 | 1,461.0 | 1,543.0 | 1,567.0 | ||
| Orders received Flow Control Business Line | Number of Estimates | 7 | 7 | 7 | 7 | 6 | 5 | ||
| Orders received Flow Control Business Line | Highest | 205.0 | 206.7 | 201.1 | 815.0 | 900.0 | 972.0 | ||
| Orders received Flow Control Business Line | Consensus | 195.0 | 763.0 | 194.3 | 195.6 | 192.2 | 797.0 | 848.3 | 892.0 |
| Orders received Flow Control Business Line | Median | 200.9 | 197.0 | 190.6 | 800.0 | 844.0 | 880.0 | ||
| Orders received Flow Control Business Line | Lowest | 176.0 | 179.0 | 182.0 | 758.0 | 811.0 | 843.0 | ||
| Orders received Automation Systems Business Line | Number of Estimates | 7 | 7 | 7 | 7 | 6 | 5 | ||
| Orders received Automation Systems Business Line | Highest | 170.0 | 150.0 | 224.0 | 735.0 | 780.0 | 874.0 | ||
| Orders received Automation Systems Business Line | Consensus | 157.0 | 683.0 | 164.0 | 141.8 | 200.1 | 696.7 | 734.5 | 791.7 |
| Orders received Automation Systems Business Line | Median | 165.0 | 140.0 | 204.0 | 693.0 | 723.9 | 764.1 | ||
| Orders received Automation Systems Business Line | Lowest | 156.9 | 138.0 | 178.6 | 666.1 | 707.0 | 752.4 | ||
| Orders received Process Technologies Segment | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Orders received Process Technologies Segment | Highest | 447.3 | 400.0 | 625.9 | 1,731.3 | 2,180.0 | 2,074.4 | ||
| Orders received Process Technologies Segment | Consensus | 434.0 | 2,477.0 | 342.2 | 345.1 | 486.6 | 1,534.4 | 1,735.1 | 1,798.9 |
| Orders received Process Technologies Segment | Median | 341.5 | 348.5 | 480.0 | 1,488.0 | 1,750.0 | 1,814.0 | ||
| Orders received Process Technologies Segment | Lowest | 251.0 | 299.0 | 406.0 | 1,432.9 | 1,428.4 | 1,532.5 | ||
| Orders received Pulp and Energy Business Line | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Orders received Pulp and Energy Business Line | Highest | 225.0 | 220.0 | 280.0 | 915.0 | 980.0 | 980.0 | ||
| Orders received Pulp and Energy Business Line | Consensus | 187.0 | 1,581.0 | 184.1 | 183.3 | 231.9 | 836.6 | 888.3 | 896.7 |
| Orders received Pulp and Energy Business Line | Median | 179.0 | 180.5 | 228.5 | 838.0 | 921.0 | 900.0 | ||
| Orders received Pulp and Energy Business Line | Lowest | 149.0 | 150.0 | 200.0 | 760.0 | 773.0 | 811.7 | ||
| Orders received Paper Business Line | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Orders received Paper Business Line | Highest | 222.3 | 200.0 | 345.9 | 816.3 | 1,200.0 | 1,122.5 | ||
| Orders received Paper Business Line | Consensus | 247.0 | 897.0 | 158.0 | 161.9 | 254.7 | 697.8 | 846.8 | 902.2 |
| Orders received Paper Business Line | Median | 161.5 | 156.0 | 260.4 | 675.0 | 818.0 | 878.0 | ||
| Orders received Paper Business Line | Lowest | 102.0 | 125.1 | 196.0 | 639.0 | 655.3 | 720.9 | ||
| Net sales Services Segment | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Net sales Services Segment | Highest | 505.0 | 482.0 | 615.0 | 2,018.0 | 2,101.0 | 2,257.0 | ||
| Net sales Services Segment | Consensus | 473.0 | 1,900.0 | 491.5 | 471.7 | 583.7 | 1,979.8 | 2,052.9 | 2,139.6 |
| Net sales Services Segment | Median | 495.5 | 471.1 | 590.0 | 1,979.1 | 2,058.3 | 2,124.0 | ||
| Net sales Services Segment | Lowest | 459.0 | 448.0 | 525.0 | 1,919.0 | 1,998.0 | 2,078.0 | ||
| Net sales Automation Segment | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Net sales Automation Segment | Highest | 382.0 | 390.0 | 452.0 | 1,548.0 | 1,637.8 | 1,816.0 | ||
| Net sales Automation Segment | Consensus | 351.0 | 1,437.0 | 361.2 | 368.8 | 431.2 | 1,500.3 | 1,577.1 | 1,640.8 |
| Net sales Automation Segment | Median | 363.5 | 364.0 | 429.0 | 1,500.8 | 1,557.7 | 1,629.1 | ||
| Net sales Automation Segment | Lowest | 330.0 | 359.0 | 391.0 | 1,455.0 | 1,525.0 | 1,572.0 | ||
| Net sales Flow Control Business Line | Number of Estimates | 6 | 6 | 6 | 6 | 6 | 5 | ||
| Net sales Flow Control Business Line | Highest | 214.0 | 211.0 | 221.0 | 837.0 | 888.0 | 936.0 | ||
| Net sales Flow Control Business Line | Consensus | 201.0 | 791.0 | 201.4 | 200.4 | 211.1 | 804.9 | 852.0 | 885.0 |
| Net sales Flow Control Business Line | Median | 204.1 | 199.5 | 211.8 | 810.5 | 857.1 | 883.1 | ||
| Net sales Flow Control Business Line | Lowest | 188.0 | 190.0 | 194.0 | 771.0 | 817.0 | 858.0 | ||
| Net sales Automation Systems Business Line | Number of Estimates | 6 | 6 | 6 | 6 | 6 | 5 | ||
| Net sales Automation Systems Business Line | Highest | 161.0 | 170.0 | 234.0 | 711.0 | 769.0 | 880.0 | ||
| Net sales Automation Systems Business Line | Consensus | 150.0 | 646.0 | 154.0 | 165.2 | 227.8 | 694.2 | 747.1 | 791.3 |
| Net sales Automation Systems Business Line | Median | 154.8 | 165.0 | 230.0 | 693.0 | 750.0 | 777.0 | ||
| Net sales Automation Systems Business Line | Lowest | 142.0 | 161.1 | 219.2 | 681.4 | 708.6 | 740.0 | ||
| Net sales Process Technologies Segment | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Net sales Process Technologies Segment | Highest | 500.0 | 510.0 | 626.0 | 1,962.0 | 2,369.0 | 2,322.5 | ||
| Net sales Process Technologies Segment | Consensus | 500.0 | 2,023.0 | 448.4 | 438.3 | 499.5 | 1,799.4 | 1,944.8 | 1,985.3 |
| Net sales Process Technologies Segment | Median | 441.0 | 441.0 | 487.0 | 1,779.0 | 1,848.0 | 1,986.5 | ||
| Net sales Process Technologies Segment | Lowest | 403.4 | 321.0 | 438.7 | 1,657.8 | 1,638.0 | 1,762.0 | ||
| Net sales Pulp and Energy Business Line | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Net sales Pulp and Energy Business Line | Highest | 275.0 | 280.0 | 382.0 | 1,094.0 | 1,450.0 | 1,280.0 | ||
| Net sales Pulp and Energy Business Line | Consensus | 221.0 | 870.0 | 236.9 | 236.5 | 285.8 | 937.1 | 1,160.7 | 1,140.9 |
| Net sales Pulp and Energy Business Line | Median | 232.5 | 233.0 | 263.0 | 917.0 | 1,085.4 | 1,155.0 | ||
| Net sales Pulp and Energy Business Line | Lowest | 209.0 | 166.0 | 232.0 | 867.0 | 940.0 | 959.0 | ||
| Net sales Paper Business Line | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Net sales Paper Business Line | Highest | 230.0 | 235.0 | 244.0 | 935.0 | 933.0 | 1,122.5 | ||
| Net sales Paper Business Line | Consensus | 279.0 | 1,152.0 | 212.5 | 200.7 | 215.3 | 863.6 | 797.2 | 874.5 |
| Net sales Paper Business Line | Median | 210.6 | 213.9 | 220.5 | 877.0 | 799.0 | 866.0 | ||
| Net sales Paper Business Line | Lowest | 189.5 | 155.0 | 173.0 | 779.8 | 674.3 | 705.0 | ||
| Comparable EBITA Services Segment | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Comparable EBITA Services Segment | Highest | 90.0 | 89.0 | 121.0 | 376.0 | 402.0 | 439.0 | ||
| Comparable EBITA Services Segment | Consensus | 80.0 | 331.0 | 85.3 | 84.9 | 115.2 | 361.5 | 385.2 | 409.5 |
| Comparable EBITA Services Segment | Median | 88.0 | 85.8 | 115.4 | 361.5 | 386.5 | 410.0 | ||
| Comparable EBITA Services Segment | Lowest | 73.0 | 78.0 | 104.0 | 341.0 | 363.0 | 377.0 | ||
| Comparable EBITA Automation Segment | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Comparable EBITA Automation Segment | Highest | 66.0 | 73.0 | 91.0 | 276.0 | 323.5 | 361.0 | ||
| Comparable EBITA Automation Segment | Consensus | 58.0 | 255.0 | 59.5 | 67.9 | 84.1 | 266.5 | 295.2 | 317.3 |
| Comparable EBITA Automation Segment | Median | 60.0 | 67.8 | 84.7 | 270.9 | 289.9 | 302.0 | ||
| Comparable EBITA Automation Segment | Lowest | 48.0 | 61.0 | 77.0 | 244.0 | 276.0 | 293.0 | ||
| Comparable EBITA Process Technologies Segment | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Comparable EBITA Process Technologies Segment | Highest | 12.1 | 18.0 | 27.0 | 60.0 | 120.0 | 127.0 | ||
| Comparable EBITA Process Technologies Segment | Consensus | 15.0 | 73.0 | 7.9 | 11.8 | 18.4 | 44.2 | 75.6 | 90.5 |
| Comparable EBITA Process Technologies Segment | Median | 7.5 | 13.3 | 18.7 | 47.0 | 68.0 | 81.3 | ||
| Comparable EBITA Process Technologies Segment | Lowest | 4.0 | 6.0 | 7.0 | 24.0 | 46.0 | 66.0 | ||
| Comparable EBITA Other | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Comparable EBITA Other | Highest | -11.0 | -10.0 | -10.0 | -48.0 | -35.0 | -45.0 | ||
| Comparable EBITA Other | Consensus | -12.0 | -49.0 | -12.6 | -12.0 | -13.5 | -54.1 | -50.4 | -53.6 |
| Comparable EBITA Other | Median | -12.0 | -12.0 | -14.0 | -55.0 | -50.5 | -51.0 | ||
| Comparable EBITA Other | Lowest | -14.0 | -14.0 | -17.0 | -58.0 | -60.2 | -65.0 | ||
| Comparable EBITA Margin (%) Services Segment | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Comparable EBITA Margin (%) Services Segment | Highest | 18.0 | 18.7 | 20.2 | 18.6 | 19.3 | 20.0 | ||
| Comparable EBITA Margin (%) Services Segment | Consensus | 16.9 | 17.4 | 17.3 | 18.0 | 19.7 | 18.3 | 18.7 | 19.1 |
| Comparable EBITA Margin (%) Services Segment | Median | 17.7 | 17.9 | 19.7 | 18.3 | 18.9 | 19.4 | ||
| Comparable EBITA Margin (%) Services Segment | Lowest | 15.9 | 17.4 | 19.3 | 17.8 | 18.0 | 18.0 | ||
| Comparable EBITA Margin (%) Automation Segment | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Comparable EBITA Margin (%) Automation Segment | Highest | 18.0 | 19.4 | 20.2 | 18.4 | 20.8 | 21.4 | ||
| Comparable EBITA Margin (%) Automation Segment | Consensus | 16.5 | 17.7 | 16.5 | 18.5 | 19.5 | 17.8 | 18.7 | 19.2 |
| Comparable EBITA Margin (%) Automation Segment | Median | 16.7 | 18.6 | 19.6 | 17.9 | 18.3 | 19.0 | ||
| Comparable EBITA Margin (%) Automation Segment | Lowest | 14.0 | 17.0 | 18.0 | 16.4 | 17.5 | 18.4 | ||
| Comparable EBITA Margin (%) Process Technologies Segment | Number of Estimates | 8 | 8 | 8 | 8 | 8 | 7 | ||
| Comparable EBITA Margin (%) Process Technologies Segment | Highest | 2.5 | 4.0 | 5.0 | 3.2 | 6.4 | 6.2 | ||
| Comparable EBITA Margin (%) Process Technologies Segment | Consensus | 3.0 | 3.6 | 1.7 | 2.7 | 3.6 | 2.5 | 3.9 | 4.6 |
| Comparable EBITA Margin (%) Process Technologies Segment | Median | 1.8 | 3.0 | 3.6 | 2.6 | 3.9 | 4.3 | ||
| Comparable EBITA Margin (%) Process Technologies Segment | Lowest | 0.9 | 1.4 | 1.5 | 1.4 | 2.5 | 3.5 |
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.
