Outlook 2021

in € million

2020

2021 outlook

2021 outlook
(26 April 2021)

2021 outlook
(9 August 2021)

Outlook





Normalised EBIT245205-255>250280-310
Free cash flow*186200-230>225250-280

Other main financial indicators


2021 indicative



Capex(78)(140)-(160)(140)-(160)~(160)
Changes in pension liabilities**(166)~55~55~55
Normalised comprehensive income197~200>225250-280
* 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