| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 37.1 | 21.8 | 20.6 | 47.4 | 72.9 | 96.1 | +31.8% | |
| Depreciation & amortization | 33.8 | 35.3 | 51.0 | 57.7 | 65.2 | 74.9 | +14.8% | |
| Stock-based compensation | 0.0 | 0.5 | 1.1 | 2.3 | 3.8 | 0.0 | −100.0% | |
| Change in working capital | (15.2) | (35.0) | (40.6) | (54.6) | (43.3) | (27.4) | +36.6% | |
| Operating cash flow | 59.6 | 54.1 | 73.5 | 75.1 | 107.1 | 153.7 | +43.4% | |
| Capital expenditure | (27.3) | (46.5) | (58.4) | (69.7) | (89.3) | (123.8) | −38.6% | |
| Acquisitions | 0.0 | 0.0 | (0.2) | 0.0 | 0.0 | 5.2 | — | |
| Investing cash flow | (34.2) | (52.0) | (65.1) | (80.6) | (98.9) | (137.9) | −39.4% | |
| Dividends paid | 0.0 | 0.0 | (10.4) | (11.1) | (11.2) | (14.8) | −31.8% | |
| Share buybacks | 0.0 | (1.2) | (2.9) | (3.9) | (4.8) | (6.2) | −30.0% | |
| Debt issued / repaid | (6.0) | (30.0) | 16.8 | 4.8 | 20.3 | 14.5 | −28.8% | |
| Financing cash flow | (6.0) | (31.2) | 3.4 | (10.1) | 4.3 | (18.9) | −537.1% | |
| Free cash flow | 32.3 | 7.6 | 15.1 | 5.5 | 17.9 | 29.9 | +67.2% | |
| Net change in cash | 20.8 | (27.7) | 11.9 | (11.5) | 10.8 | 1.4 | −87.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in CHF.
