CEO Ellen Cooper highlighted significant progress in 2024, achieving the highest full-year adjusted operating income in three years and surpassing financial objectives. She emphasized a ...

This would result in an underlying EBITDA of 1.17B EUR in 2028. The guidance expects the free cash flow conversion to ‘exceed the mid-30 percent range’ but let’s just use 35% here.

A: Jean-Christophe Juillard, Deputy CEO and CFO, explained that the shift from normalized to full free cash flow conversion resulted in a 34% cash conversion from EBITDA for 2025. The 2024 free ...