Outlook and Targets
Outlook 2025
In 2025, the final year of “CLAIM 5,” we remain fully committed to making further strategic progress. In particular, we are determined to continue exploiting global growth opportunities to further drive brand relevance. At the same time, we remain focused on leveraging our strong operational platform and driving additional cost efficiencies by rigorously managing operating expenses. This balanced approach is essential for driving robust profitability improvements in 2025 and beyond.
OUTLOOK FOR FISCAL YEAR 2025
| Results 2024 | Outlook 2025 | |
|---|---|---|
| Group sales | EUR 4,307 million | Between EUR 4.2 billion and EUR 4.4 billion (–2% to +2%) |
Operating result (EBIT) | EUR 361 million | Increase to a level of EUR 380 million to EUR 440 million (+5% to +22%) |
Trade net working capital as a percentage of sales | 19.6% | Remain at a level of between 19% and 20% |
Capital expenditure | EUR 286 million | Between EUR 200 million and EUR 250 million |
Further information as well as the underlying assumptions can be found here.
