• Strategic framework

Key Financial Figures

€m20212022202320242025
Order intake1,290.61,329.31,287.91,402.71,233.2
Revenue1,115.81,185.71,326.81,274.41,302.4
Order backlog (31 Dec.)806.8950.4911.51,039.8970.6
Earnings before interest and taxes (EBIT)28.522.029.9-35.131.3
Earnings before taxes (EBT)19.013.213.0-59.27.6
Net group profit14.511.12.8-69.8-13.5
Earnings per share (€)0.830.630.16-4.24-0.81
Balance sheet total1,288.71,449.21,433.51,422.71.430,5
Equity369.4422.8410.0331.2343.1
Investment in intangible assets, property, plant and equipment36.549.864.252.539.1
Depreciation on intangible assets, property, plant and equipment37.940.043.544.343.0
Dividend paid per share (€)-----
Annual average number of employees5,4375,3965,6395,6555,533

€m20242025
Revenue1,274.41,302.4
Cost of sales-979.4-961.8
Gross profit295.0340.6
Research and development costs-54.5-46.2
Distribution costs-171.0-155.3
Administrative expenses-104.0-106.5
Other operating income19.437.4
Other operating expenses-23.7-38.4
Impairment gains and losses on finacnial assets3.3-0.1
Other financial results0.4-0.2
Earnings before interest and taxes (EBIT)-35.131.3
Interest result-24.1-23.7
Earnings before taxes (EBT)-59.27.6
Income tax expense-10.6-21.1
Net profit/loss-69.8-13.5
Earnings per share (€)-4.24-0.81
€m 31.12.202431.12.2025
Assets
Non-current assets
Intangible assets166.6171.2
Property, plant and equipment235.8229.0
Investments, other financial receivables 17.627.7
Investments accounted for using the equity method13.613.3
Other assets3.82.7
Deferred tax assets95.378.0
Current assets
Inventories368.9352.9
Trade receivables142.1132.1
Other financial receivables57.370.3
Other assets173.7205.5
Current tax assets2.42.4
Securities4.04.8
Cash and cash equivalents133.7137.5
Assets held for sale7.93.1
Balance sheet total1,422.71,430.5
Equity and liabilities
Equity
Share capital43.043.0
Share premium87.587.5
Reserves199.9212.0
Equity attributable to non-controlling interests0.80.6
Liabilities
Non-current liabilities
Pension provisions and similar obligations105.395.6
Other provisions30.725.7
Bank loans and other financial payables270.4274.4
Other liabilities3.73.0
Deferred tax liabilities74.978.3
Current liabilities
Other provisions111.0111.5
Trade payables72.2116.1
Bank loans and other financial payables117.698.8
Other liabilities303.5280.5
Current tax liabilities2.23.5
Balance sheet total1,422.71,430.5
€m20242025
Earnings before taxes-59.27.6
Appreciation/depreciation on intangible assets, property, plant and equipment46.744.0
Currency measurement-0.31.3
Non-cash interest income/expense4.48.1
Other non-cash income/expenses1.63.0
Gross cash flow-6.864.0
Changes in inventories61.214.8
Changes in receivables and other assets-18.4-31.1
Changes in other provisions13.2-2.1
Changes in payables and other liabilities49.423.5
Interest received3.23.0
Interest paid-22.8-18.6
Income tax paid-13.7-11.3
Income tax refunded8.10.6
Cash flows from operating activities73.442.8
Proceeds from disposal of intangible assets, property, plant and equipment8.66.2
Payments for investment in intangible assets, property, plant and equipment-43.1-31.6
Proceeds from disposal of investments7.40.2
Payments for investments-5.6-6.4
Payments for the acquisition of shares in consolidated companies-1.8
Dividends received1.10.8
Payments for loans to associates-8.4-4.8
Cash flows from investing activities-41.8-35.6
Free cash flow31.67.2
Proceeds from loans45.020.4
Repayment of loans-27.2-20.3
Proceeds from financial service providers127.0136.8
Repayment of financial service providers-131.9-129.3
Payments for lease liabilities-10.4-11.4
Changes in equity attr. To non-controlling interests-0.8-0.2
Other changes in equity-0.41.2
Cash flows from financing activities1.3-2.8
Change in funds32.94.4
Effect of changes in exchange rates4.4-2.1
Effect of changes in consolidated companies1.5
Funds at beginning of period 96.4133.7
Funds at end of period 133.7137.5
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