Note - Indicative comparison figures used for Marine Power in 2022, following merger with Voyage from 1 January 2023, until official comparison figures become available .
Note - Indicative comparison figures used for Marine Power in 2022, following merger with Voyage from 1 January 2023, until official comparison figures become available .
KPI | [EUR m] | Q1 2023 | Q2 2023 | FY 2023 | Q1 2024 E | Q2 2024 E | FY 2024 E | FY 2025 E | FY 2026 E |
---|---|---|---|---|---|---|---|---|---|
Order book | Number of Estimates | 4 | 4 | 5 | 5 | 2 | |||
Order book | Highest | 6,900.0 | 7,161.0 | 7,791.2 | 8,841.9 | 9,792.7 | |||
Order book | Consensus (Mean) | 6,153.0 | 6,249.0 | 6,694.0 | 6,885.3 | 7,102.8 | 7,493.2 | 8,081.7 | 8,773.5 |
Order book | Median | 6,885.9 | 7,127.5 | 7,448.8 | 8,030.9 | 8,773.5 | |||
Order book | Lowest | 6,869.4 | 6,995.1 | 7,246.8 | 7,529.0 | 7,754.2 | |||
Order intake | Number of Estimates | 13 | 13 | 14 | 14 | 9 | |||
Order intake | Highest | 1,962.0 | 1,955.0 | 7,970.3 | 8,639.0 | 8,936.7 | |||
Order intake | Consensus (Mean) | 1,739.0 | 1,687.0 | 7,070.0 | 1,788.3 | 1,825.7 | 7,386.9 | 7,790.3 | 8,096.4 |
Order intake | Median | 1,774.0 | 1,820.0 | 7,335.5 | 7,802.0 | 8,146.0 | |||
Order intake | Lowest | 1,694.8 | 1,694.8 | 6,779.2 | 6,763.1 | 6,979.1 | |||
Net sales | Number of Estimates | 15 | 15 | 16 | 16 | 14 | |||
Net sales | Highest | 1,660.9 | 1,766.0 | 7,114.0 | 7,677.0 | 8,346.0 | |||
Net sales | Consensus (Mean) | 1,465.0 | 1,454.0 | 6,015.0 | 1,594.9 | 1,632.6 | 6,691.9 | 7,203.8 | 7,715.7 |
Net sales | Median | 1,599.0 | 1,620.0 | 6,709.0 | 7,231.5 | 7,859.9 | |||
Net sales | Lowest | 1,508.7 | 1,528.0 | 6,225.4 | 6,480.9 | 6,577.0 | |||
EBITDA reported | Number of Estimates | 9 | 9 | 12 | 12 | 11 | |||
EBITDA reported | Highest | 189.0 | 212.0 | 881.0 | 975.0 | 1,112.0 | |||
EBITDA reported | Consensus (Mean) | 125.0 | 147.0 | 595.0 | 162.5 | 188.9 | 795.9 | 881.8 | 963.4 |
EBITDA reported | Median | 165.0 | 191.0 | 804.0 | 892.5 | 965.0 | |||
EBITDA reported | Lowest | 136.0 | 156.3 | 667.3 | 700.5 | 745.7 | |||
Comparable adjusted EBITA | Number of Estimates | 12 | 12 | 14 | 14 | 11 | |||
Comparable adjusted EBITA | Highest | 188.9 | 191.9 | 722.0 | 837.0 | 924.0 | |||
Comparable adjusted EBITA | Consensus (Mean) | 93.0 | 113.0 | 518.0 | 133.1 | 156.7 | 665.9 | 759.5 | 832.6 |
Comparable adjusted EBITA | Median | 129.2 | 153.5 | 679.0 | 786.0 | 859.0 | |||
Comparable adjusted EBITA | Lowest | 112.0 | 122.8 | 533.1 | 564.1 | 606.3 | |||
Comparable operating result | Number of Estimates | 15 | 15 | 16 | 16 | 14 | |||
Comparable operating result | Highest | 142.0 | 171.0 | 706.0 | 820.0 | 957.0 | |||
Comparable operating result | Consensus (Mean) | 88.0 | 108.0 | 497.0 | 123.2 | 148.4 | 643.3 | 733.3 | 810.7 |
Comparable operating result | Median | 123.0 | 148.0 | 655.0 | 755.5 | 824.5 | |||
Comparable operating result | Lowest | 107.0 | 117.8 | 513.1 | 544.1 | 586.3 | |||
Comparable EBIT margin, % | Number of Estimates | 15 | 15 | 16 | 16 | 14 | |||
Comparable EBIT margin, % | Highest | 8.9 | 10.3 | 10.4 | 11.1 | 11.8 | |||
Comparable EBIT margin, % | Consensus (Mean) | 6.0 | 7.4 | 8.3 | 7.7 | 9.1 | 9.6 | 10.2 | 10.5 |
Comparable EBIT margin, % | Median | 7.5 | 9.2 | 9.6 | 10.2 | 10.5 | |||
Comparable EBIT margin, % | Lowest | 6.8 | 7.5 | 8.2 | 8.4 | 8.7 | |||
Items affecting comparability (IAC) | Number of Estimates | 14 | 14 | 15 | 15 | 13 | |||
Items affecting comparability (IAC) | Highest | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||
Items affecting comparability (IAC) | Consensus (Mean) | 4.0 | -42.0 | -95.0 | -2.8 | -2.5 | -12.9 | -9.6 | -6.8 |
Items affecting comparability (IAC) | Median | -1.3 | -0.5 | -5.0 | 0.0 | 0.0 | |||
Items affecting comparability (IAC) | Lowest | -10.0 | -10.0 | -51.0 | -51.0 | -40.0 | |||
Operating result | Number of Estimates | 15 | 15 | 16 | 16 | 14 | |||
Operating result | Highest | 142.0 | 167.0 | 690.0 | 812.0 | 941.0 | |||
Operating result | Consensus (Mean) | 92.0 | 66.0 | 402.0 | 120.6 | 146.0 | 631.1 | 724.3 | 804.4 |
Operating result | Median | 123.0 | 145.0 | 641.8 | 742.1 | 818.5 | |||
Operating result | Lowest | 102.0 | 117.8 | 513.1 | 544.1 | 586.3 | |||
Profit before taxes | Number of Estimates | 14 | 13 | 16 | 16 | 14 | |||
Profit before taxes | Highest | 135.0 | 162.0 | 677.0 | 803.0 | 937.0 | |||
Profit before taxes | Consensus (Mean) | 84.0 | 53.0 | 364.0 | 114.9 | 140.6 | 607.2 | 704.2 | 788.2 |
Profit before taxes | Median | 115.3 | 142.0 | 628.2 | 722.5 | 803.5 | |||
Profit before taxes | Lowest | 93.0 | 112.2 | 490.8 | 512.3 | 553.4 | |||
Net profit after minorities | Number of Estimates | 14 | 14 | 16 | 16 | 14 | |||
Net profit after minorities | Highest | 123.0 | 123.0 | 514.0 | 604.0 | 712.0 | |||
Net profit after minorities | Consensus (Mean) | 55.0 | 27.0 | 258.0 | 86.2 | 103.2 | 441.6 | 513.2 | 576.0 |
Net profit after minorities | Median | 84.8 | 105.0 | 450.0 | 520.9 | 581.7 | |||
Net profit after minorities | Lowest | 68.5 | 82.2 | 351.8 | 376.2 | 407.0 | |||
Average number of shares (in million) | Number of Estimates | 14 | 14 | 16 | 16 | 14 | |||
Average number of shares (in million) | Highest | 589.3 | 589.3 | 589.3 | 589.3 | 589.3 | |||
Average number of shares (in million) | Consensus (Mean) | 590.2 | 589.7 | 589.3 | 589.3 | 589.3 | 589.3 | 589.3 | 589.3 |
Average number of shares (in million) | Median | 589.3 | 589.3 | 589.3 | 589.3 | 589.3 | |||
Average number of shares (in million) | Lowest | 589.3 | 589.3 | 589.3 | 589.3 | 589.3 | |||
EPS basic (in Euro) | Number of Estimates | 14 | 14 | 16 | 16 | 14 | |||
EPS basic (in Euro) | Highest | 0.21 | 0.21 | 0.87 | 1.02 | 1.21 | |||
EPS basic (in Euro) | Consensus (Mean) | 0.09 | 0.05 | 0.44 | 0.15 | 0.17 | 0.75 | 0.87 | 0.97 |
EPS basic (in Euro) | Median | 0.14 | 0.18 | 0.76 | 0.88 | 0.99 | |||
EPS basic (in Euro) | Lowest | 0.12 | 0.14 | 0.60 | 0.64 | 0.69 | |||
EPS excl. IAC (in Euro) | Number of Estimates | 14 | 14 | 16 | 16 | 14 | |||
EPS excl. IAC (in Euro) | Highest | 0.21 | 0.22 | 0.90 | 1.05 | 1.24 | |||
EPS excl. IAC (in Euro) | Consensus (Mean) | 0.08 | 0.12 | 0.60 | 0.15 | 0.18 | 0.77 | 0.89 | 0.99 |
EPS excl. IAC (in Euro) | Median | 0.15 | 0.18 | 0.79 | 0.90 | 0.99 | |||
EPS excl. IAC (in Euro) | Lowest | 0.13 | 0.14 | 0.61 | 0.64 | 0.69 | |||
DPS (in Euro) | Number of Estimates | - | - | 16 | 16 | 14 | |||
DPS (in Euro) | Highest | - | - | 0.48 | 0.57 | 0.62 | |||
DPS (in Euro) | Consensus (Mean) | - | - | 0.32 | - | - | 0.39 | 0.45 | 0.50 |
DPS (in Euro) | Median | - | - | 0.40 | 0.45 | 0.50 | |||
DPS (in Euro) | Lowest | - | - | 0.28 | 0.28 | 0.28 | |||
Cash flow from operating activities | Number of Estimates | - | - | 12 | 12 | 11 | |||
Cash flow from operating activities | Highest | - | - | 575.0 | 729.0 | 798.0 | |||
Cash flow from operating activities | Consensus (Mean) | 145.0 | 75.0 | 822.0 | - | - | 391.2 | 534.4 | 608.7 |
Cash flow from operating activities | Median | - | - | 414.0 | 621.5 | 652.0 | |||
Cash flow from operating activities | Lowest | - | - | 18.0 | 63.0 | 147.0 | |||
Investments in PPE / intangible assets | Number of Estimates | - | - | 13 | 13 | 12 | |||
Investments in PPE / intangible assets | Highest | - | - | -110 | -110 | -125 | |||
Investments in PPE / intangible assets | Consensus (Mean) | -31 | -35 | -148 | - | - | -190 | -191 | -203 |
Investments in PPE / intangible assets | Median | - | - | -169 | -180 | -190 | |||
Investments in PPE / intangible assets | Lowest | - | - | -364 | -364 | -364 | |||
Marine Power, Order Intake | Number of Estimates | 12 | 11 | 13 | 13 | 8 | |||
Marine Power, Order Intake | Highest | 856.0 | 879.1 | 3,738.8 | 3,947.5 | 4,102.7 | |||
Marine Power, Order Intake | Consensus (Mean) | 679.0 | 697.0 | 2,990.0 | 759.6 | 780.6 | 3,201.3 | 3,327.8 | 3,455.1 |
Marine Power, Order Intake | Median | 757.5 | 767.0 | 3,187.0 | 3,343.2 | 3,466.0 | |||
Marine Power, Order Intake | Lowest | 712.1 | 712.1 | 2,848.4 | 2,731.3 | 2,785.9 | |||
Marine Power, Net Sales | Number of Estimates | 12 | 11 | 13 | 13 | 8 | |||
Marine Power, Net Sales | Highest | 770.7 | 779.3 | 3,178.7 | 3,496.6 | 3,811.3 | |||
Marine Power, Net Sales | Consensus (Mean) | 604.0 | 636.0 | 2,540.0 | 686.2 | 721.3 | 2,916.2 | 3,104.6 | 3,259.6 |
Marine Power, Net Sales | Median | 678.0 | 723.0 | 2,893.0 | 3,112.0 | 3,234.0 | |||
Marine Power, Net Sales | Lowest | 614.5 | 664.0 | 2,593.6 | 2,625.2 | 2,710.7 | |||
Marine Power, Comparable operating result | Number of Estimates | 12 | 11 | 13 | 13 | 8 | |||
Marine Power, Comparable operating result | Highest | 74.0 | 86.0 | 371.9 | 423.9 | 475.4 | |||
Marine Power, Comparable operating result | Consensus (Mean) | 51.0 | 69.0 | 258.0 | 65.3 | 78.8 | 327.9 | 366.7 | 386.7 |
Marine Power, Comparable operating result | Median | 64.1 | 80.6 | 328.3 | 363.7 | 382.5 | |||
Marine Power, Comparable operating result | Lowest | 54.1 | 62.0 | 256.0 | 266.9 | 280.5 | |||
Marine Systems, Order Intake | Number of Estimates | 9 | 8 | 9 | 9 | 6 | |||
Marine Systems, Order Intake | Highest | 240.0 | 190.0 | 701.0 | 759.0 | 716.0 | |||
Marine Systems, Order Intake | Consensus (Mean) | 223.0 | 159.0 | 652.0 | 168.4 | 166.1 | 642.1 | 667.6 | 666.1 |
Marine Systems, Order Intake | Median | 159.0 | 164.5 | 647.8 | 669.0 | 657.5 | |||
Marine Systems, Order Intake | Lowest | 143.0 | 150.0 | 560.0 | 611.0 | 630.0 | |||
Marine Systems, Net Sales | Number of Estimates | 9 | 8 | 9 | 9 | 6 | |||
Marine Systems, Net Sales | Highest | 180.0 | 147.0 | 599.0 | 636.0 | 673.0 | |||
Marine Systems, Net Sales | Consensus (Mean) | 138.0 | 106.0 | 491.0 | 146.9 | 134.4 | 565.6 | 595.3 | 621.2 |
Marine Systems, Net Sales | Median | 145.0 | 134.5 | 575.0 | 615.0 | 634.1 | |||
Marine Systems, Net Sales | Lowest | 132.0 | 120.0 | 506.0 | 489.0 | 529.0 | |||
Marine Systems, Comparable operating result | Number of Estimates | 9 | 8 | 9 | 9 | 6 | |||
Marine Systems, Comparable operating result | Highest | 15.0 | 15.0 | 58.0 | 65.0 | 69.9 | |||
Marine Systems, Comparable operating result | Consensus (Mean) | 8.0 | -8.0 | 6.0 | 10.5 | 11.6 | 50.4 | 55.6 | 57.2 |
Marine Systems, Comparable operating result | Median | 10.8 | 12.0 | 51.0 | 58.0 | 57.5 | |||
Marine Systems, Comparable operating result | Lowest | 4.5 | 8.8 | 40.0 | 43.8 | 45.1 | |||
Energy Business, Order Intake | Number of Estimates | 13 | 13 | 14 | 14 | 9 | |||
Energy Business, Order Intake | Highest | 875.0 | 877.0 | 3,587.0 | 3,988.0 | 4,083.1 | |||
Energy Business, Order Intake | Consensus (Mean) | 744.0 | 750.0 | 3,041.0 | 799.8 | 828.7 | 3,319.2 | 3,597.1 | 3,768.1 |
Energy Business, Order Intake | Median | 810.0 | 827.0 | 3,316.5 | 3,628.0 | 3,805.0 | |||
Energy Business, Order Intake | Lowest | 726.0 | 730.8 | 2,976.8 | 3,099.3 | 3,249.3 | |||
Energy Business, Net Sales | Number of Estimates | 14 | 14 | 15 | 15 | 10 | |||
Energy Business, Net Sales | Highest | 742.0 | 805.0 | 3,288.0 | 3,545.0 | 3,880.0 | |||
Energy Business, Net Sales | Consensus (Mean) | 645.0 | 633.0 | 2,610.0 | 700.2 | 722.5 | 2,956.7 | 3,242.8 | 3,474.6 |
Energy Business, Net Sales | Median | 701.0 | 713.5 | 2,937.4 | 3,269.0 | 3,503.1 | |||
Energy Business, Net Sales | Lowest | 670.2 | 678.0 | 2,742.6 | 2,888.0 | 2,946.0 | |||
Energy Business, Comparable operating result | Number of Estimates | 14 | 14 | 15 | 15 | 10 | |||
Energy Business, Comparable operating result | Highest | 57.0 | 78.0 | 303.0 | 363.0 | 422.0 | |||
Energy Business, Comparable operating result | Consensus (Mean) | 33.0 | 45.0 | 219.0 | 47.3 | 59.3 | 269.0 | 313.7 | 340.2 |
Energy Business, Comparable operating result | Median | 48.0 | 59.0 | 268.0 | 318.6 | 341.3 | |||
Energy Business, Comparable operating result | Lowest | 38.0 | 43.4 | 200.7 | 219.0 | 246.3 | |||
Energy Storage, Order Intake | Number of Estimates | 9 | 9 | 10 | 10 | 6 | |||
Energy Storage, Order Intake | Highest | 334.0 | 358.0 | 1,386.0 | 1,594.0 | 1,748.7 | |||
Energy Storage, Order Intake | Consensus (Mean) | 257.0 | 275.0 | 1,056.0 | 288.6 | 305.5 | 1,206.6 | 1,389.3 | 1,491.9 |
Energy Storage, Order Intake | Median | 287.2 | 309.6 | 1,212.2 | 1,360.0 | 1,496.5 | |||
Energy Storage, Order Intake | Lowest | 250.0 | 250.0 | 1,000.0 | 1,100.0 | 1,210.0 | |||
Energy Storage, Net Sales | Number of Estimates | 9 | 9 | 10 | 10 | 6 | |||
Energy Storage, Net Sales | Highest | 302.0 | 275.0 | 1,170.0 | 1,441.0 | 1,505.0 | |||
Energy Storage, Net Sales | Consensus (Mean) | 252.0 | 193.0 | 926.0 | 272.4 | 234.2 | 1,089.0 | 1,264.9 | 1,397.7 |
Energy Storage, Net Sales | Median | 280.0 | 239.0 | 1,092.0 | 1,284.5 | 1,429.7 | |||
Energy Storage, Net Sales | Lowest | 239.0 | 193.0 | 955.8 | 1,022.6 | 1,122.0 | |||
Portfolio Business, Order Intake | Number of Estimates | 12 | 12 | 13 | 13 | 8 | |||
Portfolio Business, Order Intake | Highest | 188.0 | 198.5 | 700.6 | 729.0 | 750.9 | |||
Portfolio Business, Order Intake | Consensus (Mean) | 93.0 | 81.0 | 386.0 | 105.8 | 103.0 | 444.4 | 425.1 | 404.0 |
Portfolio Business, Order Intake | Median | 91.0 | 90.0 | 373.0 | 379.0 | 370.0 | |||
Portfolio Business, Order Intake | Lowest | 75.0 | 73.0 | 300.0 | 300.0 | 300.0 | |||
Portfolio Business, Net Sales | Number of Estimates | 13 | 13 | 14 | 14 | 9 | |||
Portfolio Business, Net Sales | Highest | 168.0 | 154.0 | 749.0 | 779.5 | 802.9 | |||
Portfolio Business, Net Sales | Consensus (Mean) | 78.0 | 79.0 | 374.0 | 100.7 | 97.3 | 436.2 | 428.1 | 416.1 |
Portfolio Business, Net Sales | Median | 88.0 | 90.0 | 374.5 | 361.5 | 360.0 | |||
Portfolio Business, Net Sales | Lowest | 74.0 | 71.0 | 299.0 | 300.0 | 300.0 | |||
Portfolio Business, Comparable operating result | Number of Estimates | 13 | 13 | 14 | 14 | 9 | |||
Portfolio Business, Comparable operating result | Highest | 6.7 | 6.2 | 33.4 | 42.5 | 51.8 | |||
Portfolio Business, Comparable operating result | Consensus (Mean) | -5.0 | 2.0 | 14.0 | 2.5 | 3.0 | 13.6 | 15.1 | 14.0 |
Portfolio Business, Comparable operating result | Median | 3.0 | 3.1 | 12.4 | 12.2 | 10.0 | |||
Portfolio Business, Comparable operating result | Lowest | -3.0 | -3.0 | -12.0 | -5.0 | 0.0 | |||
Total Services, Order intake | Number of Estimates | 6 | 6 | 7 | 7 | 6 | |||
Total Services, Order intake | Highest | 896.0 | 973.0 | 3,967.7 | 4,227.7 | 4,448.7 | |||
Total Services, Order intake | Consensus (Mean) | 889.0 | 913.0 | 3,519.0 | 869.2 | 908.5 | 3,552.5 | 3,685.5 | 3,834.6 |
Total Services, Order intake | Median | 883.5 | 913.4 | 3,512.4 | 3,626.0 | 3,870.0 | |||
Total Services, Order intake | Lowest | 826.1 | 826.1 | 3,304.2 | 3,363.1 | 3,423.1 | |||
Total Services, Net Sales | Number of Estimates | 7 | 7 | 7 | 7 | 6 | |||
Total Services, Net Sales | Highest | 824.4 | 908.3 | 3,617.8 | 3,997.7 | 4,265.5 | |||
Total Services, Net Sales | Consensus (Mean) | 736.0 | 807.0 | 3,148.0 | 772.0 | 853.4 | 3,362.7 | 3,549.1 | 3,702.8 |
Total Services, Net Sales | Median | 778.4 | 863.0 | 3,356.9 | 3,515.9 | 3,680.0 | |||
Total Services, Net Sales | Lowest | 698.0 | 769.0 | 3,151.3 | 3,282.0 | 3,342.1 |
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.