Outlook

In € million	2020	2020 corrected for estimated non-recurring Impact Covid-19	2021 outlook	remarks
Outlook
Normalised EBIT	245	190	205-225	including ~(30) for DigitalNEXT and increase in non-cash pension expenses
Free cash flow*	186		200-230	including ~(15) for DigitalNEXT
Other main financial indicators			2021 indicative
Capex	(78)		(140) - (160)
Changes in pension liabilities**	(166)		~55	pension expense and pension cash contribution
Normalised comprehensive income	197		~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