Morgan Stanley / Estimates

    Fiscal Year Revenue Net income Net margin Free cash flow FCF margin
    (estimated) €80.57B +15.1% N/A N/A N/A N/A
    (estimated) €69.97B +4.9% €15.34B +3.1% 21.9% -0.0039 pp N/A N/A
    (estimated) €66.70B +5.3% €14.88B +6.9% 22.3% +0.0033 pp N/A N/A
    (estimated) €63.34B +6.0% €13.92B +6.7% 22.0% +0.0014 pp N/A N/A
    (estimated) €59.78B -32.7% €13.06B +13.2% 21.8% +0.089 pp N/A N/A
    €88.86B +92.4% €11.54B +47.4% 13.0% -0.040 pp €4.16B -116.0% 4.7% +0.61 pp
    €46.19B -14.2% €7.83B -17.6% 16.9% -0.0070 pp -€25.95B +807.6% -56.2% -0.51 pp
    €53.83B +8.1% €9.50B -26.6% 17.7% -0.084 pp -€2.86B -109.1% -5.3% -0.68 pp
    €49.78B +16.3% €12.95B +36.7% 26.0% +0.039 pp €31.26B -252.5% 62.8% +1.1 pp
    €42.80B -3.4% €9.47B +21.6% 22.1% +0.046 pp -€20.49B -155.8% -47.9% -1.3 pp
    €44.33B +36.4% €7.79B +3.4% 17.6% -0.056 pp €36.70B +364.5% 82.8% +0.58 pp
    €32.49B -9.2% €7.54B +43.2% 23.2% +0.085 pp €7.90B -418.8% 24.3% +0.31 pp
    €35.80B +15.3% €5.26B +2.2% 14.7% -0.019 pp -€2.48B -177.2% -6.9% -0.17 pp
    €31.04B +0.1% €5.15B -2.4% 16.6% -0.0042 pp €3.21B -26.2% 10.3% -0.037 pp
    €31.02B -0.4% €5.28B +76.7% 17.0% +0.074 pp €4.35B +137.7% 14.0% +0.081 pp
    €31.14B +2.7% €2.99B +18.2% 9.6% +0.013 pp €1.83B -94.2% 5.9% -0.99 pp
    €30.34B +15.3% €2.53B +4,211.8% 8.3% +0.081 pp €31.76B +42.6% 104.7% +0.20 pp
    €26.31B -18.5% €58.59M -98.3% 0.2% -0.11 pp €22.28B +223.7% 84.7% +0.63 pp
    €32.29B +4.8% €3.54B -12.6% 11.0% -0.022 pp €6.88B -80.8% 21.3% -0.95 pp
    €30.82B +26.5% €4.05B +249.4% 13.1% +0.084 pp €35.76B -196.4% 116.0% +2.7 pp
    €24.37B -47.5% €1.16B -21.1% 4.8% +0.016 pp -€37.11B -157.6% -152.3% -2.9 pp
    €46.46B -34.5% €1.47B -46.8% 3.2% -0.0074 pp €64.46B -462.8% 138.7% +1.6 pp
    €70.88B +188.7% €2.76B -57.1% 3.9% -0.22 pp -€17.77B -66.1% -25.1% +1.9 pp
    €24.55B -38.4% €6.44B +52.8% 26.2% +0.16 pp -€52.38B +97.3% -213.4% -1.5 pp
    €39.85B +20.4% €4.21B +9.0% 10.6% -0.011 pp -€26.55B +28.7% -66.6% -0.043 pp
    €33.09B +10.0% €3.86B +18.5% 11.7% +0.0084 pp -€20.62B -909.2% -62.3% -0.71 pp
    €30.10B +7.8% €3.26B +26.7% 10.8% +0.016 pp €2.55B -175.3% 8.5% +0.21 pp
    €27.93B -26.1% €2.57B -15.1% 9.2% +0.012 pp -€3.39B -82.2% -12.1% +0.38 pp
    €37.80B -2.7% €3.03B -35.5% 8.0% -0.041 pp -€19.03B +1,327.2% -50.4% -0.47 pp
    €38.86B +30.4% €4.70B +13.9% 12.1% -0.018 pp -€1.33B -94.6% -3.4% +0.79 pp
    €29.80B +11.1% €4.13B +46.2% 13.9% +0.033 pp -€24.65B -286.2% -82.7% -1.3 pp
    €26.82B +14.7% €2.82B +26.7% 10.5% +0.0099 pp €13.24B -5,455.1% 49.4% +0.50 pp
    €23.38B +200.5% €2.23B +171.8% 9.5% -0.010 pp -€247.26M -113.0% -1.1% -0.26 pp
    €7.78B +13.8% €819.68M +11.1% 10.5% -0.0026 pp €1.90B +49.5% 24.5% +0.058 pp
    €6.84B +20.2% €737.83M +15.6% 10.8% -0.0043 pp €1.27B -49.0% 18.6% -0.25 pp
    €5.69B +13.4% €638.32M +22.7% 11.2% +0.0085 pp €2.49B +114.3% 43.8% +0.21 pp
    €5.02B +12.2% €520.03M +27.0% 10.4% +0.012 pp €1.16B -153.1% 23.2% +0.72 pp
    €4.47B +8.5% €409.32M +75.7% 9.2% +0.035 pp -€2.19B -43.6% -49.0% +0.45 pp
    €4.12B +1.7% €232.96M -39.0% 5.7% -0.038 pp -€3.89B -46.2% -94.4% +0.84 pp
    €4.05B €381.67M 9.4% -€7.23B -178.4%

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