| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | €5.58B | +3.0% |
| Gross Profit | — | — |
| EBITDA | €1.71B | +1.1% |
| Net Income | €612.1M | −2.2% |
| Diluted EPS | €0.92 | −2.1% |
| Free Cash Flow | — | — |
| DPS (FY2025) | €0.40 |
| Trailing yield | 3.81% |
| Payout ratio | 43.5% |
| Growth streak | 2 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | €0.40 | +11.1% | reported |
| FY20242024-12-31 | €0.36 | +12.5% | reported |
| FY20232023-12-31 | €0.32 | — | reported |
| FY20222022-12-31 | — | — |
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 7y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||
| Operating Margin | 13.47% | 14.04% | 15.87% | 17.41% | 17.34% | 15.92% | 15.27% | 36% | 79% | |
| EBITDA Margin | 30.67% | 31.07% | 32.49% | 33.28% | 32.49% | 31.16% | 30.58% | 7% | 83% | |
| NOPAT Margin | 9.16% | 10.69% | 11.06% | 13.54% | 13.64% | 13.07% | 12.06% | 50% | 78% | |
| Net Margin | 7.16% | 8.54% | 9.57% | 12.66% | 12.29% | 11.56% | 10.98% | 50% | 76% | |
| Capex Intensity | 19.14% | 16.32% | 17.97% | 17.90% | 20.83% | 16.45% | 15.53% | 7% | 84% | |
| ▸Returns on Capital · 5 ratios | ||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||||
| ▸Earnings quality · 3 ratios | ||||||||||
| ▸Liquidity & coverage · 5 ratios | ||||||||||
| ▸Leverage · 9 ratios | ||||||||||
| ▸Working capital · 3 ratios | ||||||||||
| ▸Capital allocation · 1 ratios | ||||||||||
| ▸Other · 1 ratios | ||||||||||
The five drivers multiply to 11.7% vs reported ROE 11.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | €4.57B | €4.55B | €4.75B | €5.00B | €5.25B | €5.41B | €5.58B |
| YoY % | -0.3% | +4.4% | +5.4% | +4.9% | +3.1% | +3.0% | |
| SG&A Expense | €1.03B | €997.4M | €988.2M | €1.01B | €1.05B | €1.09B | €1.13B |
| YoY % | -3.1% | -0.9% | +2.3% | +3.5% | +4.0% | +4.3% | |
| Operating Income | €614.8M | €638.9M | €753.4M | €871.2M | €910.8M | €861.4M | €851.7M |
| YoY % | +3.9% | +17.9% | +15.6% | +4.5% | -5.4% | -1.1% | |
| Interest Expense | €102.9M | €103.9M | €100.7M | €60.0M | €98.5M | €100.2M | €99.5M |
| YoY % | +0.9% | -3.1% | -40.4% | +64.2% | +1.7% | -0.7% | |
| Interest & Investment Income | €5.3M | €3.8M | €4.8M | €11.0M | €20.2M | €20.2M | €36.8M |
| YoY % | -29.4% | +28.3% | +126.7% | +83.6% | +0.2% | +82.1% | |
| Equity Method Income | -€316,000 | -€11.6M | -€74,000 | -€1.8M | €822,000 | €1.1M | €1.2M |
| YoY % | +35.8% | +10.0% | |||||
| Pretax Income | €481.6M | €510.9M | €652.6M | €816.0M | €821.2M | €763.1M | €775.6M |
| YoY % | +6.1% | +27.7% | +25.0% | +0.6% | -7.1% | +1.6% | |
| Income Tax | €154.2M | €122.0M | €197.6M | €181.4M | €175.3M | €136.6M | €162.8M |
| YoY % | -20.8% | +61.9% | -8.2% | -3.4% | -22.1% | +19.2% | |
| Net Income (incl. NCI) | €327.4M | €388.8M | €455.0M | €634.6M | €645.9M | €626.6M | €612.8M |
| YoY % | +18.7% | +17.0% | +39.5% | +1.8% | -3.0% | -2.2% | |
| Minority Interest (P&L) | €479,000 | €403,000 | €572,000 | €708,000 | €665,000 | €692,000 | €674,000 |
| YoY % | -15.9% | +41.9% | +23.8% | -6.1% | +4.1% | -2.6% | |
| Net Income | €327.0M | €388.4M | €454.5M | €633.9M | €645.2M | €625.9M | €612.1M |
| YoY % | +18.8% | +17.0% | +39.5% | +1.8% | -3.0% | -2.2% | |
| EPS (Diluted) | — | — | — | €0.95 | €0.97 | €0.94 | €0.92 |
| YoY % | +2.1% | -3.1% | -2.1% | ||||
| Dividends Declared per Share | — | — | — | — | €0 | €0 | €0 |
| YoY % | +12.5% | +11.1% |
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.
| reported |
| FY20212021-12-31 | — | — | reported |
| FY20202020-12-31 | — | — | reported |
| FY20192019-12-31 | — | — | reported |
