299.6
Revenue€M
223.4
237.8
253.5
266.1
287.0
297.8
316.4
335.8
357.2
376.6
318.5
5.59%
6.11%
40
19.51
Revenue growth%
17.47
20.04
19.61
18.23
20.53
20.02
22.91
23.09
24.29
23.03
19.75
23.03
20.28
82
5.26
Gross margin%
12.60
10.56
10.79
12.92
12.53
11.00
11.10
9.76
10.98
10.03
12.36
10.98
10.99
83
15.39
Operating margin%
31.56
31.79
32.94
33.13
30.18
29.01
29.44
30.90
29.47
31.70
20.64
29.47
31.23
21
17.68
Net margin%
10.87
9.05
7.06
9.30
10.51
11.08
13.40
12.36
12.74
14.65
11.67
12.74
10.97
33
25.16
P/E ratio (avg)x
26.06
24.44
27.71
28.48
30.81
32.42
30.64
29.01
30.99
30.69
6.853
30.69
29.82
11
19.79
EV/EBITx
30.94
29.68
31.05
34.03
35.45
33.30
36.00
40.05
38.04
37.66
9.794
37.66
34.74
90
5.19
FCF yield (avg)%
22.18
24.06
25.51
25.37
24.48
24.90
24.67
23.04
24.02
24.27
21.15
24.27
24.38
44
19.30
FCF margin%
32.12
30.97
30.66
32.27
33.27
34.99
37.12
34.83
32.00
29.87
20.96
34.83
32.20
77
0.768
FCF / Net incomex
2.017
2.240
2.300
2.688
2.868
3.394
3.432
3.375
3.572
4.226
1.107
3.432
3.121
16
26.38
ROIC%
26.04
25.82
28.03
29.54
28.19
28.97
27.47
24.69
27.36
29.89
21.48
27.47
27.75
59
27.90
Return on equity%
3.85
4.80
4.82
3.23
5.81
3.91
4.82
2.33
2.48
4.30
16.47
3.91
4.10
74
9.25
Return on assets%
8.97
10.51
10.00
11.04
9.48
10.63
8.21
8.25
8.41
6.44
28.15
8.25
9.23
87
0.99
EPS€
0.65
0.62
0.58
0.54
0.54
0.57
0.59
0.60
0.53
0.51
1.03
(1.14%)
(3.89%)
—
22.77
EPS growth%
13.40
13.83
15.67
17.46
20.24
17.77
20.47
19.98
17.49
15.78
21.91
17.77
17.47
41
0.31
Bookvalue per sh€
0.45
0.52
0.50
0.56
0.56
0.58
0.58
0.61
0.69
0.71
1.32
5.05%
5.87%
—
0.29
FCF per share€
1.06
1.13
1.15
1.19
1.32
1.29
1.28
1.25
1.22
1.08
1.22
(3.80%)
0.88%
—
0.85
Dividend per sh€
1.44
1.48
1.39
1.52
1.59
1.74
1.90
1.87
2.05
2.10
0.33
5.77%
4.43%
—
22.77
Div yield (avg)%
1.00
1.75
0.40
0.83
2.97
1.16
0.40
1.95
1.22
1.82
6.69
1.22
1.19
82
27.17
Payout ratio%
15.53
12.55
14.50
11.94
9.75
9.15
11.07
11.80
14.42
14.12
12.19
11.80
12.25
21
189.2
Shares (diluted)M
233.2
236.3
251.5
270.8
252.4
246.7
231.4
222.2
213.9
235.1
190.8
(1.41%)
1.39%
74
25.43
Buyback yield%
23.54
26.50
28.82
28.17
29.23
29.79
26.87
26.04
23.71
26.54
5.60
26.54
26.71
56
0.871
D/E ratiox
1.270
1.098
1.125
1.147
1.158
1.084
0.942
0.820
0.726
0.747
1.785
0.820
1.091
28
185.9
Enterprise value€M
52.32
57.29
59.57
68.60
73.95
85.10
99.38
104.7
121.1
143.6
306.1
14.20%
10.78%
90
189.6
LT debt€M
162.3
150.6
143.5
127.8
116.0
124.5
120.4
125.2
125.2
125.6
186.6
1.61%
(3.01%)
93
Revenue
€376.6M
6.11%
1.00×
Cost of revenue
€235.2M
6.14%
1.00×
Operating expenses
€47.63M
5.98%
0.99×
Spread over hurdle
12.37%