Assets

The Company's long-term assets, comprising of non-current financial assets and interest-bearing liabilities, demonstrate a stable and well-managed financial structure, with a notable decrease in the carrying amount of other non-current financial assets. Conversely, the short-term assets, including cash and cash equivalents, accounts receivable, and derivative financial instruments, exhibit a significant increase in value, indicating a substantial injection of liquidity and a potential for future growth. Overall, the Company's total assets and investments appear to be well-balanced, with a moderate level of gearing and a substantial cash reserve, positioning the Company for future expansion and investment opportunities.

Shareholders Equity

The company's Shareholders Equity has demonstrated a notable increase, primarily driven by the significant retained earnings generated from the substantial profit for the period. This upward trend is also influenced by the relatively stable equity-settled share-based payments, which have not had a material impact on the overall equity balance. However, the slight decline in the fair value reserves and translation differences suggests that the company's equity is becoming increasingly influenced by its operating performance rather than non-operating factors.

The equity value for Q2 2026 is 2027.7 million Euros, and the predicted equity value for Q2 2027 (e) is 2382.8 million Euros. The expected change in equity value from Q2 2026 to Q2 2027 (e) is 355.1 million Euros, which represents a 17.5% increase. The equity is expected to increase by 165.0 million Euros from 2025 to 2026, which is a 7.9% change. From 2026 to 2027, the equity is predicted to increase by 363.2 million Euros, representing a 16.1% change. The year-end values for Equity are 2087.4 million Euros in 2025, 2252.4 million Euros in 2026, and 2515.6 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's reliance on short-term debt is a concern, as it may indicate a lack of long-term financing strategies and potentially expose the company to liquidity risks. Furthermore, the gearing ratio suggests that the company's capital structure is heavily influenced by debt, which may limit its ability to invest in growth initiatives or respond to unexpected expenses. However, the equity ratio indicates a relatively stable level of shareholder equity, suggesting that the company's management has been effective in maintaining a balance between debt and equity financing.

The Net Debt in Q2 2026 is 22.3 million Euros. The predicted Net Debt in Q2 2027 (e) is -385.1 million Euros, indicating a significant change. The expected change in Net Debt from Q2 2026 to Q2 2027 (e) is a decrease of 407.4 million Euros. This represents a decrease of 1833% from the Q2 2026 value. The Net Debt is expected to increase by 54.5 million Euros from 2025 to 2026, which is a 33.5% increase. From 2026 to 2027, the Net Debt is expected to increase by 310.4 million Euros, which is a 142.1% increase. The year-end Net Debt values for 2025, 2026, and 2027 are -163.5, -218.0, and -528.4 million Euros respectively.