Outlook

Outlook 2021

In € million20202020 corrected for estimated non-recurring Impact Covid-192021 outlookremarks
Outlook


Normalised EBIT245190205-225including ~(30) for DigitalNEXT and increase in non-cash pension expenses
Free cash flow*186
200-230including ~(15) for DigitalNEXT
Other main financial indicators

2021 indicative
Capex(78)
(140) - (160)
Changes in pension liabilities**(166)
~55pension expense and pension cash contribution
Normalised comprehensive income197
~200
* 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