Outlook

Outlook 2021

In € million20202020 corrected for estimated non-recurring Impact Covid-192021 outlook (revised 26 April 2021)
Outlook

Normalised EBIT245190>250
Free cash flow*186
>225
Other main financial indicators

2021 indicative
Capex(78)
(140) - (160)
Changes in pension liabilities**(166)
~55
Normalised comprehensive income197
>225
* Cash flow before dividend, acquisitions, redemption of bonds/other financing activities; after payment of leases
** Including settlement payment for transitional plans of €200 million in 2020 and €16 million in 2021