Key figures 2025

Result in € millions

Revenue

2,772

2,584

2,117

1,812

1,748

Underlying EBITDA¹

252

199

147

126

106

Underlying EBITDA-margin¹

9.1%

7.7%

6.9%

7.0%

6.1%

Operating result (EBIT)

162

111

81

71

55

Operating margin¹

5.9%

4.3%

3.8%

3.9%

3.2%

Profit after tax

130

90

60

60

50

Capital in € millions

Total assets

1,666

1,369

1,336

1,083

991

Average four-quarter capital employed¹

580

579

423

229

255

Equity

548

463

384

317

268

Net cash / (Net cash)¹

58

10

137

-151

-91

Indirect cash flow in € millions

from operating activities

272

249

84

110

109

from investing activities

-103

-59

-314

-17

-32

from financing activities

-85

-125

33

-66

-42

Net cash flow in the period

85

65

-197

27

35

Ratios

Return on average four quarter capital employed (ROCE)¹

27.9%

19.2%

19.1%

30.9%

21.6%

Profit after tax:

- as % of equity

23.7%

19.4%

15.6%

18.8%

18.8%

- as % of revenue

4.7%

3.5%

2.8%

3.3%

2.9%

Solvency ratio¹

32.9%

33.8%

28.7%

29.3%

30.1%

Number of shares outstanding

27,478

27,478

26,826

23,553

22,760

Weighted average number of shares

27,478

27,210

24,933

23,223

22,415

Data per share x € 1²

Equity

19.95

17.02

15.40

13.65

11.96

Operating profit (EBIT)

5.90

4.09

3.25

3.05

2.46

Profit after tax

4.73

3.31

2.40

2.57

2.24

Dividend

2.37

1.64

0.89

1.01

0.88

Share price information x € 1

At year-end

67.60

31.55

12.12

10.12

14.90

Highest price

68.40

32.40

12.90

15.70

15.40

Lowest price

28.65

12.06

9.99

9.19

9.26

Other data

Order book including joint ventures x € million

3,682

2,751

2,757

2,358

2,061

(Annual) average number of employees (in fte)

5,905

5,381

5,119

4,815

4,706