| Market Cap | €3.37B | |
| Enterprise Value | €4.54B | |
| Revenue | €6.53B | −1.6% |
| Gross Profit | — | — |
| EBITDA | — | — |
| Net Income | €308.8M | −9.8% |
| Diluted EPS | €2.98 | −9.7% |
| Free Cash Flow | €358.7M | −14.0% |
| DPS (FY2025) | €2.03 |
| Trailing yield | 6.21% |
| Payout ratio | 75.7% |
| Growth streak | 2 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | €2.03 | +2.5% | reported |
| FY20242024-12-31 | €1.98 | +3.1% | reported |
| FY20232023-12-31 | €1.92 | — | reported |
| FY20222022-12-31 | — | — | reported |
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 7y | vs own |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | — | 7.38% | 8.64% | 6.32% | 9.48% | 8.88% | 7.47% | 42% | |
| NOPAT Margin | — | 5.66% | 7.12% | 5.12% | 8.19% | 7.21% | 5.77% | 42% | |
| Net Margin | — | 7.18% | 6.37% | 3.68% | 5.33% | 5.15% | 4.73% | 25% | |
| FCF Margin | — | 8.86% | 1.94% | 2.28% | 4.21% | 6.28% | 5.49% | 58% | |
| FCFF Margin | — | — | 2.34% | 2.76% | 5.36% | 7.45% | 6.38% | 70% | |
| FCFE Margin | — | 3.38% | 3.10% | 7.09% | 3.25% | 5.92% | 5.16% | 58% | |
| OCF Margin | — | 15.15% | 6.42% | 5.90% | 8.49% | 10.01% | 11.24% | 75% | |
| Capex Intensity | — | 6.29% | 4.48% | 3.62% | 4.27% | 3.73% | 5.76% | 75% | |
| ▸Returns on Capital · 6 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 5 ratios | |||||||||
| ▸Liquidity & coverage · 7 ratios | |||||||||
| ▸Leverage · 6 ratios | |||||||||
| ▸Working capital · 3 ratios | |||||||||
| ▸Capital allocation · 3 ratios | |||||||||
| ▸Per share · 3 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 10.9% vs reported ROE 11.0%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | €3.90B | €4.59B | €7.13B | €6.63B | €6.64B | €6.53B |
| YoY % | +17.6% | +55.5% | -7.1% | +0.2% | -1.6% | |
| Operating Income | €287.9M | €396.6M | €450.9M | €628.7M | €590.2M | €488.1M |
| YoY % | +37.7% | +13.7% | +39.4% | -6.1% | -17.3% | |
| Interest Expense | — | €22.2M | €42.4M | €87.9M | €95.9M | €75.3M |
| YoY % | +90.7% | +107.4% | +9.2% | -21.5% | ||
| Equity Method Income | €4.3M | €5.9M | €5.7M | €14.9M | €6.8M | €1.7M |
| YoY % | +38.4% | -2.9% | +160.5% | -54.4% | -74.4% | |
| Pretax Income | €255.0M | €369.9M | €335.8M | €424.9M | €432.5M | €402.8M |
| YoY % | +45.1% | -9.2% | +26.5% | +1.8% | -6.9% | |
| Income Tax | €59.5M | €65.2M | €63.9M | €57.9M | €81.4M | €91.7M |
| YoY % | +9.6% | -2.1% | -9.4% | +40.7% | +12.5% | |
| Income from Continuing Operations | €195.5M | €304.7M | €271.9M | €367.0M | €351.1M | €311.2M |
| YoY % | +55.9% | -10.8% | +35.0% | -4.3% | -11.4% | |
| Income from Discontinued Operations | €101.4M | — | — | — | — | — |
| Net Income (incl. NCI) | €296.9M | €304.7M | €271.9M | €367.0M | €351.1M | €311.2M |
| YoY % | +2.6% | -10.8% | +35.0% | -4.3% | -11.4% | |
| Minority Interest (P&L) | €16.6M | €12.2M | €9.0M | €13.3M | €8.8M | €2.3M |
| YoY % | -26.6% | -26.0% | +47.9% | -33.9% | -73.4% | |
| Net Income | €280.3M | €292.6M | €262.9M | €353.7M | €342.3M | €308.8M |
| YoY % | +4.4% | -10.1% | +34.5% | -3.2% | -9.8% | |
| EPS (Basic) | €2.75 | €2.86 | €2.56 | €3.43 | €3.30 | €2.99 |
| YoY % | +4.0% | -10.5% | +34.0% | -3.8% | -9.4% | |
| EPS (Diluted) | €2.72 | €2.86 | €2.55 | €3.42 | €3.30 | €2.98 |
| YoY % | +5.1% | -10.8% | +34.1% | -3.5% | -9.7% | |
| Dividends Declared per Share | — | — | — | €2 | €2 | €2 |
| YoY % | +3.1% | +2.5% |
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 |
