Outlook

Outlook 2021

In € million20202021 outlook2021 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