| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (364.0) | 2,400.0 | (922.0) | (162.0) | 660.0 | 938.4 | +42.2% | |
| Depreciation & amortization | 722.0 | 1,167.0 | 1,160.0 | 34.0 | (31.0) | (160.4) | −417.4% | |
| Stock-based compensation | 0.0 | 0.0 | 48.0 | 54.0 | 0.0 | 0.0 | — | |
| Change in working capital | 19,745.0 | 7,364.0 | (60,835.0) | 10,625.0 | 12,103.0 | 6,748.7 | −44.2% | |
| Operating cash flow | (2,854.0) | (1,796.0) | 2,851.0 | 864.0 | 762.0 | 891.4 | +17.0% | |
| Capital expenditure | (120.0) | (112.0) | (98.0) | (65.0) | (51.0) | (39.4) | +22.8% | |
| Acquisitions | (166.0) | (38.0) | 570.0 | (1,952.0) | 7.0 | (9.6) | −237.2% | |
| Investing cash flow | (139.0) | (54.0) | 616.0 | (1,996.0) | 300.0 | 557.1 | +85.7% | |
| Dividends paid | (63.0) | (121.0) | (167.0) | (494.0) | (521.0) | (572.5) | −9.9% | |
| Share buybacks | (59.0) | (231.0) | (597.0) | (1,072.0) | (925.0) | (527.3) | +43.0% | |
| Debt issued / repaid | (541.0) | 855.0 | (566.0) | (1,599.0) | (246.0) | (795.3) | −223.3% | |
| Financing cash flow | (778.0) | 300.0 | (1,834.0) | (3,241.0) | (1,755.0) | (1,925.9) | −9.7% | |
| Free cash flow | (2,974.0) | (1,908.0) | 2,753.0 | 799.0 | 711.0 | 852.0 | +19.8% | |
| Net change in cash | (3,891.0) | (1,483.0) | 1,602.0 | (4,412.0) | (605.0) | (324.5) | +46.4% |
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 USD.
