| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | €3.59B | +41.3% |
| Gross Profit | — | — |
| EBITDA | €1.90B | +44.4% |
| Net Income | €672.3M | +40.4% |
| Diluted EPS | €0.72 | +22.0% |
| Free Cash Flow | — | — |
| DPS (FY2025) | €0.43 |
| Trailing yield | 4.30% |
| Payout ratio | 3.3% |
| Growth streak | 3 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | €0.43 | +6.4% | reported |
| FY20242024-12-31 | €0.41 | +15.3% | reported |
| FY20232023-12-31 | €0.35 | +11.0% | reported |
| FY20222022-12-31 | €0.32 | — | reported |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | 28.47% | 26.96% | 27.73% | 25.82% | 30.80% | 33.74% | 92% | 81% | |
| EBITDA Margin | 49.12% | 47.50% | 48.42% | 46.44% | 51.93% | 53.06% | 92% | 81% | |
| NOPAT Margin | 20.68% | 19.68% | 20.55% | 20.59% | 23.23% | 24.16% | 92% | 75% | |
| Net Margin | 18.08% | 16.77% | 17.61% | 16.66% | 18.86% | 18.73% | 75% | 75% | |
| Capex Intensity | 1.86% | 1.43% | 0.46% | 0.93% | 1.32% | 1.20% | 42% | 7% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 2 ratios | |||||||||
| ▸Liquidity & coverage · 5 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 3 ratios | |||||||||
| ▸Capital allocation · 1 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 21.5% vs reported ROE 21.4%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | €2.13B | €2.16B | €2.31B | €2.64B | €2.54B | €3.59B |
| YoY % | +1.7% | +6.9% | +14.1% | -3.8% | +41.3% | |
| Total Operating Expenses | €1.08B | €1.13B | €1.19B | €1.41B | €1.22B | €1.68B |
| YoY % | +5.0% | +5.0% | +18.5% | -13.5% | +38.0% | |
| Operating Income | €605.6M | €583.2M | €641.3M | €681.3M | €782.1M | €1.21B |
| YoY % | -3.7% | +10.0% | +6.2% | +14.8% | +54.8% | |
| Interest Expense | €54.5M | €64.6M | €61.4M | €103.6M | €149.6M | €257.3M |
| YoY % | +18.6% | -5.1% | +68.9% | +44.3% | +72.0% | |
| Interest & Investment Income | €5.3M | €3.6M | €4.0M | €5.5M | €28.5M | €21.4M |
| YoY % | -31.5% | +11.4% | +35.8% | +419.5% | -24.9% | |
| Equity Method Income | €1.5M | €2.5M | €3.4M | €3.1M | €11.2M | €10.9M |
| YoY % | +61.8% | +40.0% | -10.6% | +265.4% | -2.9% | |
| Pretax Income | €557.9M | €525.3M | €588.5M | €586.1M | €672.7M | €985.7M |
| YoY % | -5.8% | +12.0% | -0.4% | +14.8% | +46.5% | |
| Income Tax | €152.6M | €141.9M | €152.4M | €118.6M | €165.3M | €279.9M |
| YoY % | -7.0% | +7.4% | -22.1% | +39.3% | +69.4% | |
| Net Income (incl. NCI) | €405.2M | €383.4M | €436.1M | €467.5M | €507.4M | €705.8M |
| YoY % | -5.4% | +13.7% | +7.2% | +8.5% | +39.1% | |
| Minority Interest (P&L) | €20.6M | €20.6M | €28.8M | €27.9M | €28.6M | €33.5M |
| YoY % | -0.1% | +39.9% | -3.2% | +2.4% | +17.1% | |
| Net Income | €384.6M | €362.8M | €407.3M | €439.6M | €478.9M | €672.3M |
| YoY % | -5.7% | +12.3% | +7.9% | +8.9% | +40.4% | |
| EPS (Diluted) | — | €0.45 | €0.50 | €0.54 | €0.59 | €0.72 |
| YoY % | +11.1% | +8.0% | +9.3% | +22.0% | ||
| Dividends Declared per Share | — | — | €0 | €0 | €0 | €0 |
| YoY % | +11.0% | +15.3% | +6.4% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| FY20212021-12-31 | — | — | reported |
| FY20202020-12-31 | — | — | reported |
