Market Closed -
Euronext Amsterdam
16:35:10 02/05/2024 BST
|
After market
20:59:29
|
1.219
EUR
|
-3.64%
|
|
1.231
|
+0.98%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
993.8
|
1,381
|
1,964
|
829
|
698.3
|
602.4
|
-
|
-
|
Enterprise Value (EV)
1 |
1,474
|
2,032
|
2,151
|
1,296
|
698.3
|
1,111
|
1,133
|
1,115
|
P/E ratio
|
18.6
x
|
6.49
x
|
7.53
x
|
60.7
x
|
12.5
x
|
9.33
x
|
7.76
x
|
6.43
x
|
Yield
|
3.98%
|
10%
|
11%
|
9.41%
|
-
|
6.85%
|
10.1%
|
11.1%
|
Capitalization / Revenue
|
0.35
x
|
0.42
x
|
0.57
x
|
0.26
x
|
0.22
x
|
0.18
x
|
0.18
x
|
0.17
x
|
EV / Revenue
|
0.52
x
|
0.62
x
|
0.62
x
|
0.41
x
|
0.22
x
|
0.33
x
|
0.34
x
|
0.32
x
|
EV / EBITDA
|
4.31
x
|
4.97
x
|
4.71
x
|
5.4
x
|
2.6
x
|
4.02
x
|
3.6
x
|
3.29
x
|
EV / FCF
|
10.2
x
|
19.5
x
|
6.96
x
|
12.7
x
|
-
|
28.6
x
|
25.6
x
|
17.4
x
|
FCF Yield
|
9.77%
|
5.12%
|
14.4%
|
7.87%
|
-
|
3.5%
|
3.91%
|
5.76%
|
Price to Book
|
-46.3
x
|
6.31
x
|
4.62
x
|
4.68
x
|
-
|
2.69
x
|
2.21
x
|
1.83
x
|
Nbr of stocks (in thousands)
|
493,953
|
494,991
|
513,252
|
487,531
|
494,207
|
494,207
|
-
|
-
|
Reference price
2 |
2.012
|
2.790
|
3.827
|
1.700
|
1.413
|
1.265
|
1.265
|
1.265
|
Announcement Date
|
24/02/20
|
01/03/21
|
28/02/22
|
27/02/23
|
26/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,844
|
3,255
|
3,466
|
3,144
|
3,165
|
3,337
|
3,333
|
3,470
|
EBITDA
1 |
342
|
409
|
457
|
240
|
269
|
276
|
314.4
|
338.6
|
EBIT
1 |
162
|
245
|
308
|
84
|
92
|
106.4
|
131.3
|
144.8
|
Operating Margin
|
5.7%
|
7.53%
|
8.89%
|
2.67%
|
2.91%
|
3.19%
|
3.94%
|
4.17%
|
Earnings before Tax (EBT)
1 |
103
|
277
|
302
|
46
|
78
|
98.64
|
105.4
|
131.5
|
Net income
1 |
4
|
213
|
257
|
14
|
55
|
65.72
|
81.11
|
99.72
|
Net margin
|
0.14%
|
6.54%
|
7.41%
|
0.45%
|
1.74%
|
1.97%
|
2.43%
|
2.87%
|
EPS
2 |
0.1080
|
0.4300
|
0.5080
|
0.0280
|
0.1130
|
0.1356
|
0.1631
|
0.1967
|
Free Cash Flow
1 |
144
|
104
|
309
|
102
|
-
|
38.9
|
44.27
|
64.2
|
FCF margin
|
5.06%
|
3.2%
|
8.92%
|
3.24%
|
-
|
1.17%
|
1.33%
|
1.85%
|
FCF Conversion (EBITDA)
|
42.11%
|
25.43%
|
67.61%
|
42.5%
|
-
|
14.09%
|
14.08%
|
18.96%
|
FCF Conversion (Net income)
|
3,600%
|
48.83%
|
120.23%
|
728.57%
|
-
|
59.19%
|
54.58%
|
64.38%
|
Dividend per Share
2 |
0.0800
|
0.2800
|
0.4200
|
0.1600
|
-
|
0.0867
|
0.1281
|
0.1400
|
Announcement Date
|
24/02/20
|
01/03/21
|
28/02/22
|
27/02/23
|
26/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
---|
Net sales
1 |
1,490
|
729
|
936
|
806
|
746
|
-
|
709
|
883
|
771
|
722
|
889
|
776.1
|
791.8
|
730.5
|
896.1
|
788.6
|
EBITDA
1 |
-
|
60
|
134
|
72
|
49
|
-
|
17
|
101
|
62
|
34
|
124
|
57.06
|
75
|
36.84
|
135.1
|
61.29
|
EBIT
1 |
69
|
23
|
93
|
33
|
10
|
-
|
-20
|
60
|
18
|
-11
|
77
|
10.63
|
28.24
|
-10.26
|
87.42
|
12.76
|
Operating Margin
|
4.63%
|
3.16%
|
9.94%
|
4.09%
|
1.34%
|
-
|
-2.82%
|
6.8%
|
2.33%
|
-1.52%
|
8.66%
|
1.37%
|
3.57%
|
-1.4%
|
9.76%
|
1.62%
|
Earnings before Tax (EBT)
1 |
-
|
18
|
84
|
24
|
3
|
-
|
-25
|
44
|
15
|
-13
|
71
|
6.836
|
23.41
|
-13.13
|
81.52
|
7.512
|
Net income
1 |
-
|
12
|
68
|
16
|
-11
|
5
|
-20
|
29
|
11
|
-11
|
50
|
5.127
|
17.56
|
-13.13
|
61.14
|
5.634
|
Net margin
|
-
|
1.65%
|
7.26%
|
1.99%
|
-1.47%
|
-
|
-2.82%
|
3.28%
|
1.43%
|
-1.52%
|
5.62%
|
0.66%
|
2.22%
|
-1.8%
|
6.82%
|
0.71%
|
EPS
2 |
-
|
0.0210
|
0.1310
|
0.0320
|
-0.0220
|
0.0100
|
-0.0400
|
0.0580
|
0.0220
|
-0.0200
|
0.1010
|
0.0104
|
0.0354
|
-0.0264
|
0.1227
|
0.0112
|
Dividend per Share
2 |
-
|
-
|
0.3200
|
-
|
0.1400
|
-
|
-
|
-
|
0.0600
|
-
|
-
|
-
|
0.0360
|
-
|
0.0777
|
-
|
Announcement Date
|
03/08/20
|
08/11/21
|
28/02/22
|
09/05/22
|
08/08/22
|
08/08/22
|
07/11/22
|
27/02/23
|
07/08/23
|
06/11/23
|
26/02/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
480
|
651
|
187
|
467
|
-
|
508
|
531
|
512
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.404
x
|
1.592
x
|
0.4092
x
|
1.946
x
|
-
|
1.842
x
|
1.688
x
|
1.513
x
|
Free Cash Flow
1 |
144
|
104
|
309
|
102
|
-
|
38.9
|
44.3
|
64.2
|
ROE (net income / shareholders' equity)
|
32%
|
215%
|
80.8%
|
4.64%
|
-
|
26.3%
|
27.3%
|
30.4%
|
ROA (Net income/ Total Assets)
|
5.32%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Assets
1 |
75.17
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Book Value Per Share
2 |
-0.0400
|
0.4400
|
0.8300
|
0.3600
|
-
|
0.4700
|
0.5700
|
0.6900
|
Cash Flow per Share
2 |
0.4300
|
0.3700
|
0.8900
|
0.4900
|
-
|
0.3900
|
0.5400
|
0.5800
|
Capex
1 |
66
|
77
|
141
|
138
|
-
|
151
|
172
|
174
|
Capex / Sales
|
2.32%
|
2.37%
|
4.07%
|
4.39%
|
-
|
4.53%
|
5.16%
|
5.02%
|
Announcement Date
|
24/02/20
|
01/03/21
|
28/02/22
|
27/02/23
|
26/02/24
|
-
|
-
|
-
|
Last Close Price
1.265
EUR Average target price
1.342
EUR Spread / Average Target +6.06% Consensus |
1st Jan change
|
Capi.
|
---|
| -13.73% | 668M | | -6.37% | 124B | | +3.58% | 64.16B | | -11.89% | 49.06B | | -10.45% | 15.89B | | +21.05% | 8.08B | | -57.77% | 6.76B | | -19.66% | 6.69B | | +9.17% | 5.22B | | -22.43% | 4.44B |
Other Air Freight & Logistics
|