| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 797.2 | 816.3 | 699.0 | 728.3 | 841.8 | 658.5 | −21.8% | |
| Depreciation & amortization | 200.7 | 282.3 | 304.3 | 301.0 | 322.6 | 309.0 | −4.2% | |
| Stock-based compensation | 12.5 | 17.2 | 22.9 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (108.7) | (184.3) | (224.0) | 163.9 | (43.4) | (190.0) | −337.8% | |
| Operating cash flow | 672.2 | 654.0 | 721.8 | 1,037.8 | 988.7 | 755.5 | −23.6% | |
| Capital expenditure | (280.0) | (298.0) | (221.0) | (281.9) | (305.8) | (261.6) | +14.5% | |
| Acquisitions | (258.6) | (328.6) | (391.2) | 175.6 | (195.7) | 0.2 | +100.1% | |
| Investing cash flow | (527.0) | (628.7) | (583.1) | (94.4) | (506.6) | (261.3) | +48.4% | |
| Dividends paid | (143.1) | (157.5) | (173.6) | (191.3) | (205.2) | (215.2) | −4.9% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (101.7) | (556.5) | (500.3) | +10.1% | |
| Debt issued / repaid | 71.8 | 611.7 | (1.0) | (691.8) | 991.5 | (950.0) | −195.8% | |
| Financing cash flow | (108.3) | 419.3 | (209.7) | (986.8) | 192.3 | (1,698.5) | −983.3% | |
| Free cash flow | 392.2 | 356.0 | 500.8 | 755.9 | 682.9 | 493.9 | −27.7% | |
| Net change in cash | 10.6 | 473.5 | (64.0) | (60.8) | 698.6 | (1,261.1) | −280.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
