| Market Cap | €3.64B | |
| Enterprise Value | €3.90B | |
| Revenue | €2.07B | −0.4% |
| Gross Profit | €730.8M | +2.4% |
| EBITDA | €457.8M | +1.4% |
| Net Income | €208.1M | −8.3% |
| Diluted EPS | €1.95 | −8.0% |
| Free Cash Flow | €242.2M | +6.3% |
| DPS (FY2025) | — |
| Trailing yield | — |
| Payout ratio | 17.4% |
| Growth streak | — |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | — | — | reported |
| FY20242024-12-31 | €0.32 | — | reported |
| FY20232023-12-31 | — | — | reported |
| FY20222022-12-31 | — | — | reported |
| FY2021 |
| Ratio | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 5y | vs own |
|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||
| Gross Margin | 35.82% | 34.87% | 34.82% | 34.34% | 35.29% | 70% | |
| Operating Margin | 18.39% | 18.48% | 19.14% | 16.25% | 16.25% | 30% | |
| EBITDA Margin | 23.51% | 23.22% | 23.76% | 21.73% | 22.11% | 30% | |
| NOPAT Margin | 13.25% | 13.52% | 14.06% | 11.94% | 11.41% | 10% | |
| Net Margin | 12.21% | 12.82% | 12.24% | 10.92% | 10.05% | 10% | |
| FCF Margin | 9.68% | 3.78% | 7.63% | 10.96% | 11.70% | 90% | |
| FCFF Margin | 11.23% | 5.45% | 10.19% | 13.17% | 13.91% | 90% | |
| OCF Margin | 16.03% | 9.81% | 14.85% | 17.18% | 16.13% | 70% | |
| Gross Profitability | 20.69% | 23.14% | 24.04% | 21.04% | 21.50% | 50% | |
| Capex Intensity | 6.35% | 6.04% | 7.22% | 6.22% | 4.43% | 10% | |
| ▸Returns on Capital · 6 ratios | |||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||
| ▸Earnings quality · 7 ratios | |||||||
| ▸Liquidity & coverage · 9 ratios | |||||||
| ▸Leverage · 9 ratios | |||||||
| ▸Working capital · 8 ratios | |||||||
| ▸Capital allocation · 5 ratios | |||||||
| ▸Other · 1 ratios | |||||||
The five drivers multiply to 9.9% vs reported ROE 10.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | €1.60B | €2.08B | €2.24B | €2.08B | €2.07B |
| YoY % | +29.5% | +7.8% | -7.2% | -0.4% | |
| Cost of Revenue | €1.03B | €1.35B | €1.46B | €1.36B | €1.34B |
| YoY % | +31.5% | +7.9% | -6.5% | -1.8% | |
| Gross Profit | €574.7M | €724.5M | €780.0M | €713.6M | €730.8M |
| YoY % | +26.1% | +7.7% | -8.5% | +2.4% | |
| SG&A Expense | €166.4M | €198.3M | €214.6M | €227.1M | €241.0M |
| YoY % | +19.2% | +8.2% | +5.8% | +6.1% | |
| Operating Income | €295.0M | €384.0M | €428.8M | €337.8M | €336.6M |
| YoY % | +30.1% | +11.7% | -21.2% | -0.4% | |
| Interest Expense | €34.4M | €47.4M | €78.2M | €62.4M | €65.3M |
| YoY % | +37.9% | +64.8% | -20.2% | +4.7% | |
| Interest & Investment Income | €14.6M | €31.9M | €26.5M | €35.3M | €27.3M |
| YoY % | +118.7% | -16.8% | +33.1% | -22.7% | |
| Equity Method Income | €283,000 | €235,000 | €627,000 | €302,000 | €339,000 |
| YoY % | -17.0% | +166.8% | -51.8% | +12.3% | |
| Pretax Income | €275.5M | €368.7M | €377.8M | €311.0M | €298.8M |
| YoY % | +33.8% | +2.5% | -17.7% | -3.9% | |
| Income Tax | €77.0M | €98.9M | €100.3M | €82.6M | €89.1M |
| YoY % | +28.5% | +1.4% | -17.7% | +8.0% | |
| Net Income (incl. NCI) | €198.5M | €269.7M | €277.5M | €228.5M | €209.7M |
| YoY % | +35.9% | +2.9% | -17.7% | -8.2% | |
| Minority Interest (P&L) | €2.6M | €3.3M | €3.2M | €1.4M | €1.6M |
| YoY % | +23.3% | -0.2% | -56.3% | +11.8% | |
| Net Income | €195.9M | €266.5M | €274.3M | €227.1M | €208.1M |
| YoY % | +36.0% | +2.9% | -17.2% | -8.3% | |
| EPS (Basic) | €1.84 | €2.52 | €2.56 | €2.12 | €1.96 |
| YoY % | +37.5% | +1.6% | -17.2% | -8.0% | |
| EPS (Diluted) | €1.81 | €2.52 | €2.56 | €2.12 | €1.95 |
| YoY % | +38.9% | +1.5% | -17.1% | -8.0% | |
| Dividends Declared per Share | — | — | — | €0 | — |
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.
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| — |
| reported |
