Market Closed -
Euronext Amsterdam
16:35:05 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
15.37
EUR
|
+0.46%
|
|
+1.25%
|
+22.81%
|
Fiscal Period: December |
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
24,293
|
18,445
|
27,149
|
33,201
|
-
|
-
|
Enterprise Value (EV)
1 |
28,540
|
24,708
|
27,149
|
38,838
|
38,514
|
36,852
|
P/E ratio
|
49.6
x
|
40.6
x
|
41.8
x
|
26.6
x
|
19.5
x
|
15.2
x
|
Yield
|
-
|
-
|
-
|
-
|
0.11%
|
-
|
Capitalization / Revenue
|
5.28
x
|
2.61
x
|
3.06
x
|
3.05
x
|
2.56
x
|
2.2
x
|
EV / Revenue
|
6.2
x
|
3.49
x
|
3.06
x
|
3.57
x
|
2.97
x
|
2.44
x
|
EV / EBITDA
|
17.5
x
|
12.6
x
|
9.93
x
|
11.4
x
|
9.27
x
|
7.37
x
|
EV / FCF
|
174
x
|
107
x
|
-
|
48.2
x
|
32.7
x
|
23
x
|
FCF Yield
|
0.58%
|
0.93%
|
-
|
2.07%
|
3.06%
|
4.35%
|
Price to Book
|
-3,521
x
|
39.4
x
|
-
|
13.6
x
|
8.64
x
|
5.61
x
|
Nbr of stocks (in thousands)
|
500,000
|
499,642
|
499,642
|
499,818
|
-
|
-
|
Reference price
2 |
48.59
|
36.92
|
54.34
|
66.43
|
66.43
|
66.43
|
Announcement Date
|
31/03/22
|
31/03/23
|
28/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,232
|
2,518
|
4,602
|
7,079
|
8,863
|
10,871
|
12,958
|
15,077
|
EBITDA
1 |
-
|
994.3
|
1,626
|
1,961
|
2,733
|
3,406
|
4,155
|
4,998
|
EBIT
1 |
-
|
642.1
|
1,017
|
989.1
|
1,584
|
2,065
|
2,577
|
3,112
|
Operating Margin
|
-
|
25.5%
|
22.09%
|
13.97%
|
17.87%
|
18.99%
|
19.89%
|
20.64%
|
Earnings before Tax (EBT)
1 |
-
|
475.7
|
712.8
|
668.8
|
932
|
1,761
|
2,342
|
3,054
|
Net income
1 |
-
|
361.4
|
491.6
|
456.4
|
647.4
|
1,256
|
1,684
|
2,143
|
Net margin
|
-
|
14.35%
|
10.68%
|
6.45%
|
7.3%
|
11.56%
|
13%
|
14.21%
|
EPS
2 |
2.740
|
0.7228
|
0.9800
|
0.9100
|
1.300
|
2.497
|
3.408
|
4.381
|
Free Cash Flow
1 |
-
|
206.1
|
164.4
|
230.7
|
-
|
805.1
|
1,177
|
1,602
|
FCF margin
|
-
|
8.19%
|
3.57%
|
3.26%
|
-
|
7.41%
|
9.08%
|
10.62%
|
FCF Conversion (EBITDA)
|
-
|
20.73%
|
10.11%
|
11.76%
|
-
|
23.64%
|
28.33%
|
32.05%
|
FCF Conversion (Net income)
|
-
|
57.03%
|
33.44%
|
50.55%
|
-
|
64.08%
|
69.89%
|
74.76%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
0.0750
|
-
|
Announcement Date
|
21/01/21
|
30/03/21
|
31/03/22
|
31/03/23
|
28/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
---|
Net sales
1 |
1,651
|
1,274
|
1,677
|
2,952
|
1,542
|
1,696
|
1,690
|
2,150
|
1,996
|
2,134
|
4,130
|
2,067
|
2,659
|
2,415
|
2,528
|
2,453
|
3,460
|
2,551
|
EBITDA
1 |
694.6
|
409
|
523.1
|
931.8
|
409.1
|
511
|
455.8
|
585.5
|
557.3
|
690.1
|
1,247
|
639.4
|
846.3
|
712.6
|
828.2
|
780
|
1,014
|
798.6
|
EBIT
1 |
-
|
221.1
|
322.1
|
-
|
202.6
|
273.8
|
200.2
|
312.5
|
279.5
|
385.5
|
-
|
362.7
|
542
|
387
|
502.8
|
447.2
|
674.1
|
433.2
|
Operating Margin
|
-
|
17.35%
|
19.21%
|
-
|
13.14%
|
16.14%
|
11.84%
|
14.53%
|
14%
|
18.06%
|
-
|
17.55%
|
20.38%
|
16.03%
|
19.89%
|
18.23%
|
19.48%
|
16.98%
|
Earnings before Tax (EBT)
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
208.3
|
-
|
321.3
|
228.2
|
320
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
128.5
|
174.2
|
-
|
68.8
|
216.9
|
140.4
|
30.3
|
115.9
|
128
|
-
|
250.4
|
153.1
|
211
|
271.9
|
351.1
|
354.3
|
267.1
|
Net margin
|
-
|
10.08%
|
10.39%
|
-
|
4.46%
|
12.79%
|
8.31%
|
1.41%
|
5.81%
|
6%
|
-
|
12.11%
|
5.76%
|
8.74%
|
10.75%
|
14.31%
|
10.24%
|
10.47%
|
EPS
2 |
-
|
-
|
-
|
-
|
0.1400
|
0.4300
|
0.2800
|
0.0600
|
0.2300
|
0.2600
|
-
|
0.5000
|
0.3100
|
0.4580
|
0.5438
|
0.7022
|
0.7085
|
0.5343
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
08/09/21
|
17/11/21
|
31/03/22
|
31/03/22
|
11/05/22
|
01/09/22
|
09/11/22
|
31/03/23
|
16/05/23
|
06/09/23
|
06/09/23
|
09/11/23
|
28/03/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
1,716
|
4,247
|
6,264
|
-
|
5,637
|
5,312
|
3,651
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
1.726
x
|
2.611
x
|
3.193
x
|
-
|
1.655
x
|
1.279
x
|
0.7304
x
|
Free Cash Flow
1 |
-
|
206
|
164
|
231
|
-
|
805
|
1,177
|
1,602
|
ROE (net income / shareholders' equity)
|
-
|
70.8%
|
156%
|
183%
|
-
|
65.1%
|
51.4%
|
43.6%
|
ROA (Net income/ Total Assets)
|
-
|
17.8%
|
10.1%
|
5.67%
|
-
|
10.3%
|
12.9%
|
-
|
Assets
1 |
-
|
2,028
|
4,887
|
8,044
|
-
|
12,142
|
13,069
|
-
|
Book Value Per Share
2 |
-
|
1.260
|
-0.0100
|
0.9400
|
-
|
4.880
|
7.690
|
11.80
|
Cash Flow per Share
2 |
-
|
1.490
|
2.200
|
2.690
|
-
|
5.050
|
6.190
|
-
|
Capex
1 |
-
|
537
|
936
|
1,116
|
-
|
1,365
|
1,342
|
1,611
|
Capex / Sales
|
-
|
21.31%
|
20.33%
|
15.76%
|
-
|
12.56%
|
10.36%
|
10.69%
|
Announcement Date
|
21/01/21
|
30/03/21
|
31/03/22
|
31/03/23
|
28/03/24
|
-
|
-
|
-
|
Last Close Price
66.43
PLN Average target price
68.71
PLN Spread / Average Target +3.44% Consensus |
1st Jan change
|
Capi.
|
---|
| +22.81% | 8.2B | | -6.13% | 126B | | +5.09% | 65.42B | | -13.41% | 48.51B | | -10.93% | 16.08B | | -10.03% | 7.24B | | -59.73% | 7.17B | | +30.89% | 5.68B | | -20.63% | 4.51B | | +0.56% | 4.16B |
Other Air Freight & Logistics
|