| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (425.2) | (426.4) | 291.1 | (63.1) | 20.0 | 33.7 | +68.1% | |
| Depreciation & amortization | 299.5 | 273.9 | 245.4 | 265.7 | 293.4 | 308.7 | +5.2% | |
| Stock-based compensation | 2.4 | 0.6 | 0.0 | 6.7 | 0.0 | 6.5 | — | |
| Change in working capital | 73.7 | 119.5 | (103.6) | 80.4 | (19.6) | (13.1) | +33.0% | |
| Operating cash flow | 12.6 | 11.5 | 85.8 | 318.6 | 288.0 | 321.4 | +11.6% | |
| Capital expenditure | (45.6) | (39.2) | (58.9) | (92.5) | (70.8) | (78.1) | −10.2% | |
| Acquisitions | 5.7 | 1.3 | (4.8) | 49.7 | (31.3) | (4.5) | +85.7% | |
| Investing cash flow | (39.4) | (50.2) | (73.7) | (81.0) | (114.4) | (77.2) | +32.6% | |
| Dividends paid | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | (283.1) | (0.0) | (0.0) | (0.0) | (0.0) | 0.0 | +100.0% | |
| Debt issued / repaid | 111.4 | 61.5 | 0.9 | (223.8) | (343.2) | (233.4) | +32.0% | |
| Financing cash flow | 111.5 | 61.5 | 31.0 | (224.3) | (555.4) | (233.3) | +58.0% | |
| Free cash flow | (33.0) | (27.7) | 26.9 | 226.1 | 217.2 | 243.3 | +12.0% | |
| Net change in cash | 90.5 | 241.4 | 23.7 | (1.5) | (381.9) | 10.8 | +102.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
