| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (211.0) | (143.0) | 82.5 | (285.0) | (161.0) | (145.0) | +9.9% | |
| Depreciation & amortization | 256.0 | 206.0 | 135.0 | 114.0 | 101.0 | 93.0 | −7.9% | |
| Stock-based compensation | 0.0 | 3.0 | 0.1 | 0.9 | 0.0 | 0.0 | — | |
| Change in working capital | (101.0) | (98.0) | 57.0 | (8.0) | 103.0 | 144.0 | +39.8% | |
| Operating cash flow | (86.0) | (111.0) | 86.0 | 22.0 | 43.0 | 115.0 | +167.4% | |
| Capital expenditure | (103.0) | (69.0) | (83.0) | (32.0) | (12.0) | (8.0) | +33.3% | |
| Acquisitions | 4.0 | 0.0 | 2.0 | 0.0 | 0.0 | 2.0 | — | |
| Investing cash flow | (156.0) | (5.0) | 427.0 | (97.0) | (99.0) | (102.0) | −3.0% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (1.0) | 0.0 | 0.0 | — | |
| Debt issued / repaid | 517.0 | (29.0) | (787.0) | 57.0 | (32.0) | 7.0 | +121.9% | |
| Financing cash flow | 522.0 | (34.0) | (518.0) | 76.0 | (47.0) | (12.0) | +74.5% | |
| Free cash flow | (189.0) | (180.0) | 3.0 | (10.0) | 31.0 | 107.0 | +245.2% | |
| Net change in cash | 270.0 | (127.0) | (28.0) | (34.0) | (103.0) | (17.0) | +83.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
