The Group has previously issued long-term targets up to 2025 that are considered valid by the group as of the date of this Integrated Annual Report (the “2025 Targets”).
The 2025 Targets are underpinned by highly visible financials and could trend to the upper end of the range if current high inflation levels are sustained at revenue and Adjusted EBITDA level, whereas owing to higher interest cost, RLFCF is trending to the low end of the range.
|
Guidance 2025 (€Mn) |
|
|
Operating Income |
4,100 – 4,300 |
|
Adjusted EBITDA |
3,300 – 3,500 |
|
RLFCF |
2,000 – 2,200 |
The 2025 Targets are based on several assumptions. All of the assumptions relate to factors which are outside the full control of the Board of Directors.
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