| Market Cap | €8.39B | |
| Enterprise Value | — | |
| Revenue | €12.47B | +4.7% |
| Gross Profit | — | — |
| EBITDA | — | — |
| Net Income | €404.2M | +6.6% |
| Diluted EPS | — | — |
| Free Cash Flow | €377.4M | −27.0% |
| DPS (FY2025) | €0.90 |
| Trailing yield | 4.25% |
| Payout ratio | 88.6% |
| Growth streak | 0 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | €0.90 | −11.8% | reported |
| FY20242024-12-31 | €1.02 | −5.6% | reported |
| FY20232023-12-31 | €1.08 | — | reported |
| FY20222022-12-31 | — | — |
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 7y | vs own |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | 4.18% | 5.63% | 6.86% | 6.91% | 5.90% | 4.86% | 5.06% | 36% | |
| NOPAT Margin | 3.46% | 4.64% | 5.50% | 5.54% | 4.77% | 3.91% | 4.01% | 36% | |
| Net Margin | 3.16% | 4.06% | 5.06% | 5.16% | 4.21% | 3.18% | 3.24% | 36% | |
| FCF Margin | 4.84% | 8.89% | 8.08% | 4.77% | 4.33% | 4.34% | 3.03% | 7% | |
| OCF Margin | 8.36% | 10.80% | 10.19% | 7.75% | 8.91% | 8.46% | 7.05% | 7% | |
| Capex Intensity | 3.52% | 1.91% | 2.12% | 2.98% | 4.58% | 4.12% | 4.03% | 64% | |
| ▸Returns on Capital · 2 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 4 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 2 ratios | |||||||||
| ▸Capital allocation · 3 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 14.7% vs reported ROE 14.6%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | €10.72B | €10.67B | €11.30B | €11.81B | €11.78B | €11.92B | €12.47B |
| YoY % | -0.5% | +5.9% | +4.5% | -0.2% | +1.2% | +4.7% | |
| Operating Income | €447.8M | €600.2M | €775.2M | €816.5M | €695.4M | €579.5M | €631.3M |
| YoY % | +34.0% | +29.2% | +5.3% | -14.8% | -16.7% | +8.9% | |
| Equity Method Income | €46.8M | €14.3M | €5.9M | €600,000 | €2.1M | €3.8M | €4.4M |
| YoY % | -69.4% | -58.7% | -89.8% | +250.0% | +81.0% | +15.8% | |
| Pretax Income | €403.3M | €527.6M | €712.9M | €761.1M | €613.5M | €471.5M | €510.3M |
| YoY % | +30.8% | +35.1% | +6.8% | -19.4% | -23.1% | +8.2% | |
| Income Tax | €69.6M | €92.3M | €141.1M | €151.2M | €118.0M | €92.0M | €105.5M |
| YoY % | +32.6% | +52.9% | +7.2% | -22.0% | -22.0% | +14.7% | |
| Income from Continuing Operations | €333.6M | €435.3M | — | — | — | — | — |
| YoY % | +30.5% | ||||||
| Income from Discontinued Operations | €11.6M | €0 | — | — | — | — | — |
| YoY % | -100.0% | ||||||
| Net Income (incl. NCI) | €345.2M | €435.3M | €571.8M | €609.9M | €495.6M | €379.6M | €404.8M |
| YoY % | +26.1% | +31.4% | +6.7% | -18.7% | -23.4% | +6.6% | |
| Minority Interest (P&L) | €6.0M | €2.0M | €0 | — | €0 | €400,000 | €700,000 |
| YoY % | -66.7% | -100.0% | +75.0% | ||||
| Net Income | €339.2M | €433.4M | €571.8M | €609.9M | €495.6M | €379.1M | €404.2M |
| YoY % | +27.8% | +31.9% | +6.7% | -18.7% | -23.5% | +6.6% | |
| EPS (Basic) | — | — | €1.44 | €1.53 | €1.25 | €0.95 | €1.02 |
| YoY % | +6.3% | -18.3% | -24.0% | +7.4% | |||
| EPS (Diluted) | — | — | €1.44 | €1.53 | — | — | — |
| YoY % | +6.3% | ||||||
| Dividends Declared per Share | — | — | — | — | €1 | €1 | €1 |
| YoY % | -5.6% | -11.8% |
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 |
