266.3
Revenue€M
450.9
464.6
480.0
500.5
512.6
524.1
532.3
553.5
565.8
587.4
290.7
2.76%
2.90%
27
23.15
Revenue growth%
19.42
16.71
16.82
14.02
12.41
9.91
8.77
6.31
3.81
5.89
28.78
6.31
11.16
83
29.48
Gross margin%
19.33
19.15
17.65
20.20
22.96
22.58
22.96
25.13
26.90
28.09
8.73
25.13
22.77
35
19.83
Operating margin%
17.66
16.68
16.94
14.00
11.45
8.61
10.44
10.02
10.08
10.57
16.92
10.08
11.01
35
8.97
Net margin%
14.06
16.94
19.88
22.46
25.42
25.17
25.61
28.04
26.70
24.63
7.69
25.61
24.90
21
36.34
P/E ratio (avg)x
49.19
48.20
49.00
46.15
48.13
52.01
60.44
70.07
71.67
77.03
6.920
70.07
50.60
43
32.53
EV/EBITx
21.67
23.45
25.47
26.49
28.34
30.69
33.61
32.24
33.83
31.52
27.05
32.24
29.52
25
24.09
FCF yield (avg)%
0.40
0.40
0.40
2.07
2.28
0.40
2.53
3.64
5.29
5.50
15.96
3.64
2.18
24
15.18
FCF margin%
9.90
12.23
13.38
15.09
13.87
13.51
13.42
15.22
13.62
11.73
11.30
13.51
13.47
30
1.313
FCF / Net incomex
0.588
0.669
0.764
0.771
0.778
0.805
0.744
0.697
0.696
0.784
1.751
0.744
0.754
89
10.51
ROIC%
34.02
31.60
29.65
30.69
30.89
31.56
32.60
30.82
31.87
30.76
27.48
31.56
31.23
43
11.91
Return on equity%
12.80
13.06
10.40
9.15
11.21
12.28
10.43
9.69
8.84
8.96
2.63
9.69
10.42
26
13.19
Return on assets%
16.54
18.93
18.79
18.68
17.07
19.27
19.38
20.60
23.14
25.22
2.59
20.60
19.10
40
3.13
EPS€
3.86
3.55
3.62
3.63
3.37
3.73
3.95
4.50
5.12
5.75
3.37
11.28%
3.77%
—
29.69
EPS growth%
20.94
19.40
22.16
21.00
23.22
26.04
24.09
25.45
22.85
23.56
6.05
24.09
23.03
9
1.95
Bookvalue per sh€
4.67
4.92
4.93
5.73
6.54
6.36
6.05
5.63
5.38
6.15
2.64
(1.20%)
2.54%
—
1.55
FCF per share€
2.48
2.49
3.00
2.96
3.51
3.57
4.04
4.51
4.78
4.72
2.48
6.14%
6.36%
—
4.15
Dividend per sh€
1.77
1.98
2.15
2.31
2.33
2.42
2.56
2.53
2.35
2.24
3.64
(0.78%)
1.42%
—
19.54
Div yield (avg)%
15.02
16.20
18.69
20.27
20.76
20.86
18.99
21.92
24.58
24.84
21.06
21.92
20.52
11
7.43
Payout ratio%
0.40
2.48
0.40
1.97
0.40
2.09
2.85
4.47
4.96
6.74
27.86
4.47
2.29
19
54.93
Shares (diluted)M
59.64
57.71
62.55
66.77
68.03
64.65
62.97
62.66
67.38
68.21
56.66
0.05%
1.10%
80
16.51
Buyback yield%
7.60
8.74
6.33
5.16
5.79
5.81
6.32
3.71
1.77
0.79
26.16
3.71
5.80
32
0.530
D/E ratiox
2.546
2.750
3.163
3.769
3.866
4.688
4.691
5.110
5.084
5.102
0.754
5.084
4.277
75
308.1
Enterprise value€M
296.2
328.2
326.1
317.6
337.6
372.3
438.3
423.3
407.6
478.7
162.8
7.24%
6.65%
44
397.4
LT debt€M
538.2
511.9
510.9
476.9
503.8
560.0
606.5
652.6
691.9
747.1
188.1
8.20%
4.58%
89
Revenue
€587.4M
2.90%
1.00×
Cost of revenue
€287.5M
2.90%
1.00×
Operating expenses
€136.9M
2.51%
0.96×
Goodwill & intangibles
20.39%
Property and equipment
15.16%
Spread over hurdle
21.87%