Outlook and Targets
Outlook 2019
| Results 2018 | Preliminary Results 20192 | Outlook 2019 | |
|---|---|---|---|
| Group sales (currency-adjusted) | Increase of 4% to EUR 2,796 million | Increase of 2% to EUR 2,884 million | - |
| Gross profit margin | Decrease by 90 basis points to 65.2% | - | Largely stable development |
Operating result (EBIT)1 | Increase of 2% to EUR 347 million | Decrease of 4% to EUR 333 million | - |
Group's net income1 | Increase by 2% to EUR 236 million | - | Decrease at a mid- to high single-digit percentage rate |
| Capital expenditure | EUR 155 million | - | EUR 180 million to EUR 190 million |
Free cash flow1 | EUR 170 million | EUR 209 million | - |
1 Not considering the anticipated impact of IFRS 16.
2 On a preliminary, non-audited basis. The Group will publish its final results for 2019 and provide its financial outlook for the new fiscal year on March 5, 2020.
