| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (1,091.5) | (235.8) | 0.9 | 112.0 | 129.6 | 106.2 | −18.1% | |
| Depreciation & amortization | 149.9 | 168.0 | 110.9 | 127.5 | 130.9 | 134.3 | +2.6% | |
| Stock-based compensation | (0.5) | 1.8 | 3.8 | (1.0) | 6.5 | 0.0 | −100.0% | |
| Change in working capital | (16.0) | (113.5) | (40.5) | (15.8) | 34.1 | 20.8 | −38.9% | |
| Operating cash flow | 24.3 | 84.3 | 200.1 | 251.4 | 298.9 | 259.4 | −13.2% | |
| Capital expenditure | (96.2) | (84.0) | (83.3) | (54.3) | (94.3) | (86.2) | +8.6% | |
| Acquisitions | 142.0 | 677.7 | 106.8 | (0.8) | 0.0 | 1.7 | — | |
| Investing cash flow | 69.1 | 633.2 | 8.9 | (60.1) | (93.4) | (96.9) | −3.8% | |
| Dividends paid | 0.0 | 0.0 | (215.0) | (46.4) | (33.1) | (7.0) | +78.7% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (0.5) | (9.7) | (0.9) | +90.7% | |
| Debt issued / repaid | 9.2 | (976.0) | 71.6 | (15.6) | 193.5 | (124.0) | −164.1% | |
| Financing cash flow | (28.4) | (976.0) | (143.4) | (299.1) | (230.6) | (166.6) | +27.8% | |
| Free cash flow | (71.9) | 0.3 | 116.8 | 197.3 | 204.6 | 173.2 | −15.3% | |
| Net change in cash | 45.7 | (252.7) | 74.9 | (115.0) | (26.8) | (9.2) | +65.8% |
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.
