| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 129.0 | 162.2 | 500.0 | 625.7 | 630.8 | 324.9 | −48.5% | |
| Depreciation & amortization | 93.5 | 82.5 | 92.2 | 116.2 | 165.6 | 194.2 | +17.2% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (20.0) | (82.5) | 104.8 | (630.8) | (413.6) | (215.3) | +48.0% | |
| Operating cash flow | 248.6 | 219.9 | 888.7 | 156.0 | 409.0 | 445.9 | +9.0% | |
| Capital expenditure | (136.6) | (365.1) | (715.7) | (1,054.3) | (801.3) | (687.5) | +14.2% | |
| Acquisitions | (25.5) | 0.0 | (9.5) | 18.4 | (16.4) | (33.2) | −102.3% | |
| Investing cash flow | (208.0) | (385.7) | (710.2) | (1,045.7) | (794.9) | (683.2) | +14.1% | |
| Dividends paid | (49.6) | (51.8) | (57.9) | (165.2) | (206.4) | (214.1) | −3.7% | |
| Share buybacks | (56.3) | (26.8) | (67.3) | (43.6) | (31.6) | (6.3) | +80.0% | |
| Debt issued / repaid | (103.2) | 356.0 | 357.4 | 879.0 | 1,044.2 | 1,013.9 | −2.9% | |
| Financing cash flow | (263.5) | 272.4 | 280.9 | 707.0 | 791.9 | 635.7 | −19.7% | |
| Free cash flow | 112.0 | (145.2) | 172.9 | (898.3) | (392.2) | (241.7) | +38.4% | |
| Net change in cash | (220.6) | 110.1 | 457.1 | (181.3) | 475.3 | 371.3 | −21.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
