| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | €9.92B | +12.3% |
| Gross Profit | €3.10B | −4.9% |
| EBITDA | €1.20B | −20.7% |
| Net Income | €796.0M | +41.9% |
| Diluted EPS | €1.61 | +42.5% |
| Free Cash Flow | €1.15B | +6.2% |
| DPS (FY2025) | €0.73 |
| Trailing yield | — |
| Payout ratio | 44.7% |
| Growth streak | 0 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | €0.73 | — | reported |
| FY20242024-12-31 | — | — | reported |
| FY20232023-12-31 | €0.70 | — | reported |
| FY20222022-12-31 | — | — |
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 7y | vs own |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 43.34% | 42.60% | 42.47% | 36.87% | 36.85% | 36.86% | 31.22% | 7% | |
| Operating Margin | 15.02% | 14.03% | 15.83% | 11.64% | 8.36% | 11.95% | 7.63% | 7% | |
| EBITDA Margin | 21.05% | 20.79% | 21.45% | 16.76% | 16.15% | 17.12% | 12.10% | 7% | |
| NOPAT Margin | 10.45% | 7.49% | 12.28% | 8.70% | 5.67% | 8.21% | 6.28% | 21% | |
| Net Margin | 6.11% | 4.63% | 10.93% | 9.46% | 4.48% | 6.35% | 8.02% | 64% | |
| FCF Margin | — | — | — | — | — | 12.20% | 11.54% | 25% | |
| FCFF Margin | — | — | — | — | — | 14.98% | 12.90% | 25% | |
| FCFE Margin | — | — | — | — | — | 6.04% | 11.63% | 75% | |
| OCF Margin | — | — | — | — | — | 15.55% | 14.42% | 25% | |
| Gross Profitability | 13.79% | 13.66% | 13.75% | 13.28% | 13.04% | 13.74% | 12.83% | 7% | |
| Capex Intensity | 3.47% | 3.44% | 3.41% | 2.93% | 3.32% | 3.35% | 2.88% | 7% | |
| ▸Returns on Capital · 6 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 7 ratios | |||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||
| ▸Leverage · 7 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Capital allocation · 5 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 7.2% vs reported ROE 7.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | €6.95B | €6.65B | €7.00B | €8.15B | €8.19B | €8.84B | €9.92B |
| YoY % | -4.2% | +5.3% | +16.4% | +0.5% | +7.9% | +12.3% | |
| Cost of Revenue | €3.94B | €3.82B | €4.03B | €5.15B | €5.17B | €5.58B | €6.82B |
| YoY % | -3.0% | +5.5% | +27.8% | +0.5% | +7.9% | +22.3% | |
| Gross Profit | — | — | — | — | — | €3.26B | €3.10B |
| YoY % | -4.9% | ||||||
| SG&A Expense | €1.97B | €1.90B | €1.86B | €2.06B | €2.33B | €2.20B | €2.34B |
| YoY % | -3.4% | -1.8% | +10.2% | +13.5% | -5.7% | +6.3% | |
| Operating Income | €1.04B | €933.0M | €1.11B | €949.0M | €685.0M | €1.06B | €757.0M |
| YoY % | -10.5% | +18.8% | -14.4% | -27.8% | +54.2% | -28.3% | |
| Interest Expense | €302.0M | €290.0M | €156.0M | — | — | €358.0M | €164.0M |
| YoY % | -4.0% | -46.2% | -54.2% | ||||
| Interest & Investment Income | €101.0M | €44.0M | €24.0M | €68.0M | €104.0M | €95.0M | €385.0M |
| YoY % | -56.4% | -45.5% | +183.3% | +52.9% | -8.7% | +305.3% | |
| Equity Method Income | -€1.0M | €0 | -€1.0M | €0 | -€5.0M | -€3.0M | -€2.0M |
| Pretax Income | €841.0M | €687.0M | €982.0M | €1.02B | €537.0M | €790.0M | €976.0M |
| YoY % | -18.3% | +42.9% | +3.7% | -47.2% | +47.1% | +23.5% | |
| Income Tax | €256.0M | €320.0M | €220.0M | €257.0M | €173.0M | €247.0M | €173.0M |
| YoY % | +25.0% | -31.3% | +16.8% | -32.7% | +42.8% | -30.0% | |
| Net Income (incl. NCI) | €585.0M | €367.0M | €762.0M | €761.0M | €364.0M | €543.0M | €803.0M |
| YoY % | -37.3% | +107.6% | -0.1% | -52.2% | +49.2% | +47.9% | |
| Minority Interest (P&L) | €161.0M | €59.0M | -€3.0M | -€10.0M | -€3.0M | -€18.0M | €7.0M |
| YoY % | -63.4% | ||||||
| Net Income | €424.0M | €308.0M | €765.0M | €771.0M | €367.0M | €561.0M | €796.0M |
| YoY % | -27.4% | +148.4% | +0.8% | -52.4% | +52.9% | +41.9% | |
| EPS (Basic) | €90.14 | €0.80 | €1.53 | €1.57 | €0.76 | €1.15 | €1.64 |
| YoY % | -99.1% | +91.2% | +2.6% | -51.6% | +51.3% | +42.6% | |
| EPS (Diluted) | €89.63 | €0.79 | €1.51 | €1.55 | €0.75 | €1.13 | €1.61 |
| YoY % | -99.1% | +91.1% | +2.6% | -51.6% | +50.7% | +42.5% | |
| Dividends Declared per Share | — | — | — | — | €1 | — | €1 |
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.
| reported |
| FY20212021-12-31 | — | — | reported |
| FY20202020-12-31 | — | — | reported |
| FY20192019-12-31 | — | — | reported |
