431.0
Revenue€M
270.1
286.3
311.7
333.9
366.2
403.1
426.0
463.3
508.6
551.0
452.6
8.51%
8.16%
27
6.35
Revenue growth%
21.75
24.37
22.28
20.35
23.13
22.52
24.50
24.20
24.63
23.47
5.06
24.20
23.30
91
20.70
Gross margin%
19.78
22.57
21.11
21.96
21.39
21.99
24.05
24.94
25.25
23.49
20.09
24.05
22.28
43
24.97
Operating margin%
26.21
25.35
22.51
21.54
21.64
23.00
21.82
21.97
22.15
24.01
21.52
22.15
22.33
25
11.48
Net margin%
6.06
4.78
7.48
5.48
3.02
5.53
8.47
8.73
11.36
12.49
17.94
8.73
6.77
41
13.55
P/E ratio (avg)x
44.03
42.18
44.95
52.73
57.59
59.59
71.06
68.29
80.72
89.01
29.41
71.06
58.59
87
14.97
EV/EBITx
42.49
43.69
47.82
53.69
53.19
57.90
59.15
56.32
65.52
75.90
14.87
59.15
55.00
5
9.73
FCF yield (avg)%
15.03
14.46
14.13
15.81
13.23
12.93
14.64
15.13
17.43
17.10
13.92
15.13
14.83
35
20.92
FCF margin%
20.62
20.81
20.46
20.58
20.69
22.61
25.38
26.92
26.48
26.77
11.18
26.48
21.71
25
0.858
FCF / Net incomex
0.832
0.824
0.850
0.867
0.760
0.656
0.574
0.565
0.479
0.507
1.157
0.565
0.708
87
16.92
ROIC%
6.16
6.59
4.90
5.96
6.06
6.51
4.40
5.99
8.37
10.70
12.39
6.51
6.11
12
4.77
Return on equity%
25.71
28.25
27.60
26.00
25.13
22.90
23.50
26.37
27.89
28.74
10.57
26.37
26.18
13
24.41
Return on assets%
19.33
17.11
14.35
16.83
19.08
20.25
18.08
18.03
19.46
18.13
22.65
18.13
18.11
72
1.14
EPS€
0.66
0.64
0.66
0.64
0.66
0.62
0.61
0.64
0.59
0.58
1.23
(2.49%)
(0.23%)
—
11.01
EPS growth%
16.56
15.36
14.93
13.82
10.86
10.23
9.22
6.76
8.72
8.68
4.77
8.72
10.55
81
2.31
Bookvalue per sh€
2.90
3.29
3.16
3.00
3.21
3.68
3.69
4.02
4.48
4.79
3.58
8.35%
5.58%
—
3.34
FCF per share€
3.47
3.80
4.05
3.73
3.85
3.63
3.71
3.53
3.39
3.47
2.01
(2.03%)
0.86%
—
3.50
Dividend per sh€
0.90
0.94
1.07
1.29
1.54
1.56
1.71
1.94
2.29
2.36
0.56
8.94%
9.88%
—
9.89
Div yield (avg)%
27.28
29.84
28.67
28.35
29.75
27.37
25.79
28.33
28.03
30.59
22.37
28.03
28.34
21
19.03
Payout ratio%
22.26
21.75
22.49
21.92
20.50
21.66
19.73
19.31
16.77
18.39
7.10
19.31
21.08
79
97.15
Shares (diluted)M
140.5
135.9
140.2
157.1
177.2
199.0
203.9
202.5
223.4
221.5
94.67
4.56%
6.24%
17
4.54
Buyback yield%
21.38
22.30
20.58
22.18
21.32
20.45
19.37
19.00
21.25
21.09
27.73
20.45
21.17
38
1.445
D/E ratiox
0.344
0.332
0.326
0.358
0.356
0.352
0.375
0.393
0.404
0.372
0.259
0.375
0.357
76
392.4
Enterprise value€M
167.8
166.9
186.6
215.9
234.4
262.2
251.5
265.4
266.6
309.1
186.4
5.69%
5.59%
66
353.1
LT debt€M
470.5
459.7
467.2
470.8
513.0
562.6
514.7
532.5
495.4
549.5
390.1
1.38%
2.29%
9
Revenue
€551.0M
8.16%
1.00×
Cost of revenue
€385.7M
8.16%
1.00×
Operating expenses
€67.54M
8.92%
1.07×
Cash and investments
18.17%
Spread over hurdle
14.53%