| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (135.7) | (76.5) | (239.8) | (146.3) | (189.3) | (263.3) | −39.1% | |
| Depreciation & amortization | 48.3 | 41.6 | 45.8 | 46.9 | 46.5 | 42.6 | −8.5% | |
| Stock-based compensation | 5.4 | 7.2 | 7.4 | 2.7 | 0.6 | 0.2 | −66.6% | |
| Change in working capital | 3.0 | (28.9) | (39.1) | 19.3 | 30.9 | 1.4 | −95.5% | |
| Operating cash flow | (87.3) | (73.1) | (80.9) | (57.9) | (59.4) | (107.3) | −80.7% | |
| Capital expenditure | (5.7) | (9.9) | (24.7) | (42.7) | (13.0) | (2.8) | +78.3% | |
| Acquisitions | 0.0 | (8.9) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 67.0 | 6.3 | (21.8) | (38.6) | (0.1) | 1.7 | +1426.4% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.7) | — | |
| Debt issued / repaid | (54.6) | 24.5 | (69.0) | 4.4 | 82.8 | 136.5 | +64.9% | |
| Financing cash flow | (41.4) | 110.1 | 104.9 | 34.1 | 49.1 | 119.4 | +143.3% | |
| Free cash flow | (93.0) | (83.0) | (105.6) | (100.6) | (72.4) | (110.1) | −52.1% | |
| Net change in cash | (62.5) | 44.5 | 3.1 | (63.9) | (9.8) | 12.7 | +229.2% |
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.
