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Mar 4, 2026
Corporate Report 2025
— Organic sales growth of 2.8%; Group sales of €4,929 million — Adjusted EBITDA margin of 21.9%, up 120 bps YoY — Record adjusted Business Free Cash Flow (BFCF) of €780 million, or 15.8% BFCF margin, up 220 bps YoY — Updated capital allocation priorities: announced inaugural €400 million share buyback and proposed 16th consecutive dividend increase to €1.25 per share for 2025 — Introducing 2026 Outlook: organic growth of 2.0-4.0%, adjusted EBITDA margin of 21.5-22.5%, and BFCF margin of above 14%
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René Weinberg
Head of Investor Relations
Gresa Latifi
Investor Relations
