Brasil
China
Germany
India
JapanAnalysts Coverage and Consensus
| Broker | Analyst | Target Price | Recommendation | Date |
| Goldman Sachs |
Michele Della Vigna - michele.dellavigna@gs.com |
€ 9.9 | Buy | 05/11/2025 |
| Kepler |
Matteo Bonizzoni - mbonizzoni@keplercheuvreux.com |
€ 8.6 | Hold | 05/11/2025 |
| Mediobanca |
Isacco Brambilla - Isacco.Brambilla@mediobanca.com Javier Suarez - Javier.Suarez@mediobanca.com |
€ 9.3 | Neutral | 05/11/2025 |
| Banca Akros |
Andrea Belloli - andrea.belloli@bancaakros.it |
€ 8.5 | Neutral | 05/11/2025 |
| UBS |
Christopher Leonard - chris.leonard@ubs.com |
€ 11.5 | Buy | 29/07/2025 |
| Jefferies |
Constantin Hesse |
€ 6.8 | Hold | 13/01/2026 |
Updated to January 21, 2026
| CONSENSUS (€ mn) | 2025 | 2026 | 2027 |
| Total Revenues | 880 | 831 | 887 |
| Ebitda ADJ | 166 | 141 | 156 |
| Ebitda Margin ADJ | 18.8% | 17.0% | 17.5% |
Updated to January 21, 2026