| 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 | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Orders received | Highest | 1,338 | 1,229 | 1,495 | 5,246 | 6,052 | 6,169 | ||
| Orders received | Consensus | 1,283 | 5,837 | 1,212 | 1,127 | 1,376 | 5,046 | 5,389 | 5,616 |
| Orders received | Median | 1,241 | 1,132 | 1,361 | 4,992 | 5,411 | 5,569 | ||
| Orders received | Lowest | 1,114 | 1,036 | 1,288 | 4,843 | 5,093 | 5,226 | ||
| Net sales | Number of Estimates | 11 | 10 | 10 | 12 | 12 | 12 | ||
| Net sales | Highest | 1,389 | 1,344 | 1,604 | 5,488 | 6,103 | 6,266 | ||
| Net sales | Consensus | 1,324 | 5,359 | 1,312 | 1,283 | 1,515 | 5,279 | 5,583 | 5,818 |
| Net sales | Median | 1,325 | 1,292 | 1,508 | 5,284 | 5,547 | 5,820 | ||
| Net sales | Lowest | 1,244 | 1,192 | 1,465 | 5,120 | 5,226 | 5,443 | ||
| Comparable EBITA | Number of Estimates | 11 | 10 | 10 | 12 | 12 | 12 | ||
| Comparable EBITA | Highest | 150 | 159 | 227 | 657 | 797 | 882 | ||
| Comparable EBITA | Consensus | 141 | 609 | 142 | 153 | 202 | 615 | 698 | 756 |
| Comparable EBITA | Median | 147 | 153 | 200 | 620 | 681 | 755 | ||
| Comparable EBITA | Lowest | 116 | 142 | 182 | 571 | 650 | 686 | ||
| Comparable EBITA Margin in % | Number of Estimates | 11 | 10 | 10 | 12 | 12 | 12 | ||
| Comparable EBITA Margin in % | Highest | 11.6 | 12.8 | 14.4 | 12.1 | 14.3 | 14.5 | ||
| Comparable EBITA Margin in % | Consensus | 10.6 | 11.4 | 10.8 | 11.9 | 13.3 | 11.6 | 12.5 | 13.0 |
| Comparable EBITA Margin in % | Median | 10.9 | 11.8 | 13.2 | 11.7 | 12.5 | 12.8 | ||
| Comparable EBITA Margin in % | Lowest | 9.3 | 11.2 | 12.1 | 11.2 | 11.2 | 11.6 | ||
| Items affecting comparability | Number of Estimates | 9 | 9 | 8 | 9 | 9 | 9 | ||
| Items affecting comparability | Highest | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||
| Items affecting comparability | Consensus | -9.0 | -53.0 | -27.2 | -3.9 | -6.0 | -43.6 | 0.0 | 0.0 |
| Items affecting comparability | Median | -7.0 | 0.0 | -2.5 | -29.0 | 0.0 | 0.0 | ||
| Items affecting comparability | Lowest | -100.0 | -15.0 | -21.0 | -108.0 | 0.0 | 0.0 | ||
| EBITA reported | Number of Estimates | 9 | 9 | 8 | 9 | 9 | 9 | ||
| EBITA reported | Highest | 150.0 | 159.0 | 201.5 | 657.0 | 797.0 | 882.1 | ||
| EBITA reported | Consensus | 132.0 | 557.0 | 114.5 | 148.6 | 191.7 | 572.8 | 706.9 | 768.7 |
| EBITA reported | Median | 143.0 | 150.0 | 190.7 | 593.0 | 687.0 | 763.0 | ||
| EBITA reported | Lowest | 36.0 | 137.0 | 182.0 | 473.0 | 672.0 | 710.6 | ||
| EBIT reported | Number of Estimates | 11 | 10 | 9 | 11 | 11 | 11 | ||
| EBIT reported | Highest | 127.0 | 137.0 | 186.5 | 568.0 | 737.0 | 822.0 | ||
| EBIT reported | Consensus | 103.0 | 449.0 | 91.5 | 126.2 | 171.4 | 484.3 | 613.7 | 675.9 |
| EBIT reported | Median | 115.4 | 127.5 | 170.3 | 500.0 | 591.0 | 669.0 | ||
| EBIT reported | Lowest | 12.0 | 113.0 | 159.0 | 377.0 | 579.0 | 608.0 | ||
| EBT reported | Number of Estimates | 11 | 10 | 9 | 11 | 11 | 11 | ||
| EBT reported | Highest | 122.0 | 132.0 | 174.5 | 548.0 | 742.0 | 832.0 | ||
| EBT reported | Consensus | 84.0 | 383.0 | 78.4 | 113.8 | 158.7 | 433.2 | 575.9 | 643.9 |
| EBT reported | Median | 105.4 | 114.2 | 156.0 | 446.0 | 547.8 | 633.0 | ||
| EBT reported | Lowest | -3.0 | 98.0 | 146.0 | 317.0 | 527.0 | 562.0 | ||
| Net result after minorities | Number of Estimates | 11 | 10 | 9 | 11 | 11 | 11 | ||
| Net result after minorities | Highest | 100.2 | 108.0 | 129.1 | 430.2 | 578.8 | 649.0 | ||
| Net result after minorities | Consensus | 58.0 | 280.0 | 58.0 | 86.4 | 118.2 | 329.7 | 438.5 | 490.3 |
| Net result after minorities | Median | 80.0 | 86.4 | 117.0 | 343.0 | 427.0 | 481.0 | ||
| Net result after minorities | Lowest | -21.0 | 74.0 | 110.1 | 228.0 | 397.0 | 424.0 | ||
| Shares outstanding | Number of Estimates | 11 | 10 | 9 | 12 | 12 | 12 | ||
| Shares outstanding | Highest | 184.2 | 184.2 | 184.2 | 185.0 | 185.0 | 185.0 | ||
| Shares outstanding | Consensus | 184.2 | 184.2 | 184.2 | 184.2 | 184.2 | 184.2 | 184.2 | 184.2 |
| Shares outstanding | Median | 184.2 | 184.2 | 184.2 | 184.2 | 184.2 | 184.2 | ||
| Shares outstanding | Lowest | 184.2 | 184.2 | 184.2 | 184.2 | 184.2 | 184.2 | ||
| EPS reported (in Euro) | Number of Estimates | 11 | 10 | 9 | 12 | 12 | 12 | ||
| EPS reported (in Euro) | Highest | 0.54 | 0.59 | 0.70 | 2.34 | 3.14 | 3.52 | ||
| EPS reported (in Euro) | Consensus | 0.31 | 1.52 | 0.32 | 0.47 | 0.64 | 1.79 | 2.35 | 2.62 |
| EPS reported (in Euro) | Median | 0.43 | 0.47 | 0.64 | 1.83 | 2.28 | 2.58 | ||
| EPS reported (in Euro) | Lowest | -0.11 | 0.40 | 0.60 | 1.24 | 1.99 | 2.17 | ||
| Adjusted EPS | Number of Estimates | 10 | 10 | 10 | 11 | 11 | 11 | ||
| Adjusted EPS | Highest | 0.54 | 0.59 | 0.87 | 2.41 | 3.13 | 3.51 | ||
| Adjusted EPS | Consensus | 0.43 | 1.93 | 0.47 | 0.51 | 0.71 | 2.08 | 2.45 | 2.71 |
| Adjusted EPS | Median | 0.46 | 0.50 | 0.71 | 2.03 | 2.32 | 2.58 | ||
| Adjusted EPS | Lowest | 0.42 | 0.46 | 0.60 | 1.75 | 1.99 | 2.17 | ||
| Dividend per share | Number of Estimates | - | - | - | 11 | 11 | 11 | ||
| Dividend per share | Highest | - | - | - | 1.45 | 1.60 | 1.70 | ||
| Dividend per share | Consensus | - | 1.35 | - | - | - | 1.33 | 1.41 | 1.47 |
| Dividend per share | Median | - | - | - | 1.35 | 1.40 | 1.50 | ||
| Dividend per share | Lowest | - | - | - | 0.88 | 1.00 | 1.08 | ||
| Orders received Services Segment | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Orders received Services Segment | Highest | 525 | 450 | 504 | 2,026 | 2,192 | 2,323 | ||
| Orders received Services Segment | Consensus | 497 | 1,915 | 504 | 432 | 484 | 1,989 | 2,070 | 2,159 |
| Orders received Services Segment | Median | 507 | 432 | 489 | 1,998 | 2,058 | 2,130 | ||
| Orders received Services Segment | Lowest | 472 | 400 | 458 | 1,909 | 2,004 | 2,058 | ||
| Orders received Automation Segment | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Orders received Automation Segment | Highest | 375 | 350 | 422 | 1,545 | 1,680 | 1,846 | ||
| Orders received Automation Segment | Consensus | 352 | 1,446 | 359 | 336 | 397 | 1,498 | 1,572 | 1,647 |
| Orders received Automation Segment | Median | 363 | 335 | 396 | 1,491 | 1,563 | 1,641 | ||
| Orders received Automation Segment | Lowest | 341 | 319 | 379 | 1,461 | 1,543 | 1,567 | ||
| Orders received Flow Control Business Line | Number of Estimates | 8 | 8 | 8 | 8 | 7 | 6 | ||
| Orders received Flow Control Business Line | Highest | 206.0 | 206.7 | 201.1 | 815.0 | 900.0 | 972.0 | ||
| Orders received Flow Control Business Line | Consensus | 195.0 | 763.0 | 195.8 | 196.0 | 191.8 | 798.6 | 844.0 | 881.0 |
| Orders received Flow Control Business Line | Median | 200.9 | 198.0 | 190.3 | 805.0 | 844.0 | 879.0 | ||
| Orders received Flow Control Business Line | Lowest | 176.0 | 179.0 | 182.0 | 758.0 | 811.0 | 826.0 | ||
| Orders received Automation Systems Business Line | Number of Estimates | 8 | 8 | 8 | 8 | 7 | 6 | ||
| Orders received Automation Systems Business Line | Highest | 170.0 | 150.0 | 233.0 | 735.0 | 780.0 | 874.0 | ||
| Orders received Automation Systems Business Line | Consensus | 157.0 | 683.0 | 162.9 | 140.2 | 204.2 | 698.1 | 734.7 | 787.4 |
| Orders received Automation Systems Business Line | Median | 163.5 | 140.0 | 205.5 | 698.0 | 726.0 | 765.1 | ||
| Orders received Automation Systems Business Line | Lowest | 155.0 | 129.0 | 178.6 | 666.1 | 707.0 | 752.4 | ||
| Orders received Process Technologies Segment | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Orders received Process Technologies Segment | Highest | 447 | 472 | 626 | 1,765 | 2,180 | 2,074 | ||
| Orders received Process Technologies Segment | Consensus | 434 | 2,477 | 348 | 359 | 492 | 1,560 | 1,747 | 1,807 |
| Orders received Process Technologies Segment | Median | 365 | 360 | 488 | 1,489 | 1,783 | 1,839 | ||
| Orders received Process Technologies Segment | Lowest | 251 | 299 | 406 | 1,433 | 1,428 | 1,533 | ||
| Orders received Pulp and Energy Business Line | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Orders received Pulp and Energy Business Line | Highest | 225.0 | 294.0 | 294.0 | 1,013.0 | 1,033.0 | 991.0 | ||
| Orders received Pulp and Energy Business Line | Consensus | 187.0 | 1,581.0 | 184.8 | 195.6 | 238.8 | 856.2 | 904.4 | 908.5 |
| Orders received Pulp and Energy Business Line | Median | 180.0 | 181.0 | 230.0 | 841.0 | 924.0 | 918.0 | ||
| 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 | 9 | 9 | 9 | 9 | 9 | 8 | ||
| 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 | 163.6 | 163.7 | 253.4 | 703.8 | 842.8 | 898.4 |
| Orders received Paper Business Line | Median | 180.0 | 156.0 | 257.9 | 677.0 | 811.0 | 875.0 | ||
| 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 | 10 | 10 | 10 | 10 | 10 | 9 | ||
| Net sales Services Segment | Highest | 505 | 482 | 615 | 2,018 | 2,101 | 2,257 | ||
| Net sales Services Segment | Consensus | 473 | 1,900 | 490 | 472 | 584 | 1,979 | 2,053 | 2,139 |
| Net sales Services Segment | Median | 495 | 473 | 587 | 1,978 | 2,054 | 2,131 | ||
| Net sales Services Segment | Lowest | 459 | 448 | 525 | 1,919 | 1,998 | 2,078 | ||
| Net sales Automation Segment | Number of Estimates | 10 | 10 | 10 | 10 | 10 | 9 | ||
| Net sales Automation Segment | Highest | 382 | 390 | 452 | 1,548 | 1,638 | 1,816 | ||
| Net sales Automation Segment | Consensus | 351 | 1,437 | 361 | 367 | 429 | 1,496 | 1,572 | 1,635 |
| Net sales Automation Segment | Median | 362 | 363 | 428 | 1,498 | 1,557 | 1,623 | ||
| Net sales Automation Segment | Lowest | 330 | 348 | 391 | 1,455 | 1,525 | 1,572 | ||
| Net sales Flow Control Business Line | Number of Estimates | 7 | 7 | 7 | 7 | 7 | 6 | ||
| 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 | 201.7 | 199.2 | 209.0 | 802.1 | 848.0 | 880.3 |
| Net sales Flow Control Business Line | Median | 204.0 | 199.0 | 210.0 | 809.0 | 849.1 | 872.1 | ||
| Net sales Flow Control Business Line | Lowest | 188.0 | 190.0 | 194.0 | 771.0 | 817.0 | 857.0 | ||
| Net sales Automation Systems Business Line | Number of Estimates | 7 | 7 | 7 | 7 | 7 | 6 | ||
| 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 | 153.4 | 163.9 | 226.4 | 690.9 | 740.9 | 781.4 |
| Net sales Automation Systems Business Line | Median | 154.5 | 165.0 | 230.0 | 684.0 | 746.0 | 764.7 | ||
| Net sales Automation Systems Business Line | Lowest | 142.0 | 156.0 | 218.0 | 671.0 | 704.0 | 732.0 | ||
| Net sales Process Technologies Segment | Number of Estimates | 10 | 10 | 10 | 10 | 10 | 9 | ||
| Net sales Process Technologies Segment | Highest | 500 | 510 | 626 | 1,962 | 2,369 | 2,322 | ||
| Net sales Process Technologies Segment | Consensus | 500 | 2,023 | 453 | 444 | 503 | 1,812 | 1,960 | 2,022 |
| Net sales Process Technologies Segment | Median | 443 | 444 | 492 | 1,784 | 1,861 | 2,056 | ||
| Net sales Process Technologies Segment | Lowest | 403 | 321 | 439 | 1,658 | 1,638 | 1,762 | ||
| Net sales Pulp and Energy Business Line | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Net sales Pulp and Energy Business Line | Highest | 275.0 | 280.0 | 382.0 | 1,094.0 | 1,450.0 | 1,443.0 | ||
| Net sales Pulp and Energy Business Line | Consensus | 221.0 | 870.0 | 241.0 | 240.9 | 288.4 | 948.2 | 1,167.6 | 1,178.6 |
| Net sales Pulp and Energy Business Line | Median | 233.0 | 233.0 | 265.0 | 939.0 | 1,096.7 | 1,174.0 | ||
| 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 | 9 | 9 | 9 | 9 | 9 | 8 | ||
| 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 | 213.4 | 202.4 | 215.9 | 866.8 | 805.6 | 874.3 |
| Net sales Paper Business Line | Median | 212.0 | 214.0 | 221.0 | 886.0 | 800.0 | 869.5 | ||
| 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 | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Comparable EBITA Services Segment | Highest | 90 | 89 | 121 | 376 | 402 | 439 | ||
| Comparable EBITA Services Segment | Consensus | 80 | 331 | 85 | 85 | 115 | 361 | 385 | 409 |
| Comparable EBITA Services Segment | Median | 87 | 86 | 115 | 361 | 385 | 410 | ||
| Comparable EBITA Services Segment | Lowest | 73 | 78 | 104 | 341 | 363 | 377 | ||
| Comparable EBITA Automation Segment | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Comparable EBITA Automation Segment | Highest | 66 | 73 | 91 | 276 | 324 | 361 | ||
| Comparable EBITA Automation Segment | Consensus | 58 | 255 | 60 | 68 | 84 | 266 | 294 | 316 |
| Comparable EBITA Automation Segment | Median | 60 | 67 | 84 | 271 | 286 | 304 | ||
| Comparable EBITA Automation Segment | Lowest | 48 | 61 | 77 | 244 | 276 | 293 | ||
| Comparable EBITA Process Technologies Segment | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Comparable EBITA Process Technologies Segment | Highest | 15 | 18 | 27 | 60 | 120 | 127 | ||
| Comparable EBITA Process Technologies Segment | Consensus | 15 | 73 | 9 | 12 | 18 | 46 | 77 | 93 |
| Comparable EBITA Process Technologies Segment | Median | 8 | 15 | 19 | 48 | 69 | 84 | ||
| Comparable EBITA Process Technologies Segment | Lowest | 4 | 6 | 7 | 24 | 46 | 66 | ||
| Comparable EBITA Other | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Comparable EBITA Other | Highest | -11.0 | -10.0 | -10.0 | -48.0 | -35.0 | -44.0 | ||
| Comparable EBITA Other | Consensus | -12.0 | -49.0 | -12.7 | -12.1 | -13.4 | -54.2 | -50.1 | -52.4 |
| Comparable EBITA Other | Median | -12.0 | -12.0 | -14.0 | -55.0 | -50.0 | -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 | 9 | 9 | 9 | 9 | 9 | 8 | ||
| 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 | 17.4 | 18.0 | 19.7 | 18.2 | 18.7 | 19.1 |
| Comparable EBITA Margin (%) Services Segment | Median | 17.7 | 17.9 | 19.6 | 18.3 | 18.9 | 19.2 | ||
| Comparable EBITA Margin (%) Services Segment | Lowest | 15.9 | 17.4 | 19.2 | 17.8 | 18.0 | 18.0 | ||
| Comparable EBITA Margin (%) Automation Segment | Number of Estimates | 9 | 9 | 9 | 9 | 9 | 8 | ||
| 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 | 16.7 | 18.5 | 19.5 | 17.8 | 18.7 | 19.2 |
| Comparable EBITA Margin (%) Automation Segment | Median | 16.7 | 18.7 | 19.6 | 18.0 | 18.5 | 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 | 9 | 9 | 9 | 9 | 9 | 8 | ||
| Comparable EBITA Margin (%) Process Technologies Segment | Highest | 3.0 | 4.0 | 5.0 | 3.2 | 6.4 | 6.2 | ||
| Comparable EBITA Margin (%) Process Technologies Segment | Consensus | 3.0 | 3.6 | 1.9 | 2.8 | 3.6 | 2.5 | 4.0 | 4.7 |
| Comparable EBITA Margin (%) Process Technologies Segment | Median | 1.9 | 3.0 | 3.6 | 2.6 | 4.0 | 4.4 | ||
| 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.
