Medium-term Group performance

The challenging underlying conditions, especially the ongoing war in Ukraine, the crises in the Middle East and the current economic weakness and market changes, are also resulting in a change in the time frame of the Group’s medium-term ambitions for 2025, as presented in 2021. In addition to EBIT of approx. € 400 million for the 2025 financial year, the forecast included in particular total capital expenditure of € 1.6 billion for the period 2021 to 2025.

The Group continues to target an earnings potential of € 400 million in the medium term. In view of the discrepancy between the planned and actual external conditions, as well as delays to planned asset additions, however, this EBIT potential is now not expected to be achieved before the 2027 financial year.