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Elis SA

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uuid000ztx7

Namestring
Elis SA
Legal namestring
Elis SA
Websiteurl
de.elis.com
Company typeenum
Public
Founded yearint
1883
Descriptiontext

Elis SA is a Paris-headquartered, Euronext-listed provider of textile rental, hygiene, and facility services operating under a circular-economy subscription model. Founded in 1883 according to firmographic data (company materials reference over 75 years of operational history), the group serves enterprise customers across healthcare, hospitality, industry, trade and services, public-sector, and cleanroom segments through more than 2,600 industrial laundry and service sites across Europe and Latin America. Its core service consists of renting professional workwear, flat linen, resident laundry, and medical textiles to B2B customers and then collecting, industrial-laundering, inspecting, repairing, and redelivering them on recurring contracts.

The company's product portfolio centers on Berufsbekleidung (workwear rental), Flachwäsche (flat linen for beds, bathrooms, and dining), Bewohnerwäsche (resident laundry for care homes with individual tracking), the CHIRUTEX medical-products system for operating-room supply, Reinraum (cleanroom textiles), Wischtextilien (industrial wiping textiles), Schmutzfangmatten (dust-control mats), and Schranksysteme (smart locker dispensing units). Its technology base includes item-level track-and-trace systems for resident laundry, a Workwear-to-Workwear sub-brand produced from 100% recycled textiles, and a portfolio of Personal Protective Equipment offerings. Elis monetizes exclusively through subscription rental contracts with enterprise customers — pricing is not publicly disclosed and requires direct contact — with segment diversity spanning hospitals, hotels, manufacturers, public-sector clients, and pharmaceutical/electronics cleanroom operators across more than 25 countries, and France alone generating roughly 30% of revenue.

In 2023 the group reported full-year revenue of €9.14 billion, up 7.7% on a like-for-like basis, with EBITDA margin maintained at 24.1% despite high inflation. The group is actively consolidating in Germany, having announced the acquisitions of Larosé and Mitteldeutsche Wäscherei on 2025-10-31, and has appointed new Finance and IT Directors for the DACH region in April 2026. Elis holds an EcoVadis Platinum sustainability rating (top 1% globally) and has committed to Science Based Targets aligned with the Paris Agreement. Distribution is direct enterprise field-sales only, with industry-specific marketing supplemented by sponsorships of three German professional tennis tournaments.

Short descriptiontext

Elis SA is a Paris-listed multi-service provider renting workwear, flat linen, healthcare textiles, and cleanroom garments to enterprise customers across Europe and Latin America through subscription-based circular-economy contracts.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersHamburg, Germany
HQ citystring
Hamburg
HQ countrystring
Germany
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
textile rental services, industrial laundry services, workwear rental, circular economy textiles, hygiene facility services
Industry3 codes
1Uniform & Linen Cleaning, Sanitization & Processing (Service-Included)
CodeHSAJAMAEPrimaryYes
2Bed & Bath Linen Service (Sheets, Pillowcases, Bath Mats)
CodeHSAJAMAHPrimaryNo
3Facility Mat & Mop Rental/Service (Complementary Textile Programs)
CodeHSAJAMALPrimaryNo
NAICS code3 codes
  • Linen and Uniform Supply81233
  • Linen Supply812331
  • Drycleaning and Laundry Services8123
SIC code1 code
  • Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics2840
Product category
Textile Rental and Industrial Laundry Services
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Textile Rental Services
TypeSubscription Recurring
Description

Subscription-based model renting professional linen, workwear, and hygiene products including regular collection, industrial laundering, quality inspection, repair, and redelivery services.

ad-hoc-news.de
2Healthcare Laundry Services
TypeSubscription Recurring
Description

Specialized laundry and linen services primarily serving healthcare clients, generating approximately €13 million in revenue in 2024 from the Larosé acquisition.

globenewswire.com
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components7 values
Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Others
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 2 records shown
1Workwear to Workwear
Description

Workwear collection made from 100% recycled materials combining style, functionality and responsibility.

de.elis.com
+1 more record
Core offering1 text field

Elis SA rents and maintains professional linen, workwear, and hygiene products to business customers through a subscription-based circular economy model. Services include regular collection, industrial laundering, quality inspection, repair, and redelivery, with the product portfolio spanning workwear, flat linen, resident laundry, CHIRUTEX medical products for surgical environments, cleanroom textiles, wiping textiles, dust control mats, and automated locker dispensing systems. Customers operate in healthcare, hospitality, industrial, trade, and public-sector settings across Europe and Latin America.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 7.7% revenue growth on like-for-like basis in 2023
+2 more records
Product overview1 text field

Elis SA is a leading European provider of textile services operating through a B2B rental model. The core offering is a circular economy approach where companies rent rather than purchase professional clothing and textiles. The product portfolio centers on Berufsbekleidung (workwear rental) as the primary service, complemented by Flachwäsche (flat linen), Bewohnerwäsche (resident laundry), and the CHIRUTEX medical products system for healthcare. Supporting services include Reinraum (cleanroom textiles), Wischtextilien (wiping textiles), Schmutzfangmatten (dust control mats), and Schranksysteme (locker systems). The Workwear-to-Workwear collection represents a sustainable sub-brand using recycled materials. Services span hospitality, healthcare, industry, catering, retail, public sector, and rescue services across multiple European countries.

Product and service1 record
1Berufsbekleidung (Workwear Rental)
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-31
Description

Elis acquired Larosé in Germany, strengthening its network in Berlin and the eastern part of the country. Larosé primarily serves healthcare clients with laundry and linen services, generating approximately €13 million in revenue in 2024.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

German textile services provider offering workwear, protective clothing, mats, and cleanroom textiles. A direct DACH competitor with overlapping healthcare and industrial customer base.

TypeBroad incumbent
Description

Global facility services and food services provider that competes in adjacent B2B services, including workplace hygiene and uniform programs. Less specialized in textile laundry but addresses overlapping customer procurement needs.

TypeBroad incumbent
Description

UK-listed global hygiene services group (including Initial brand) with overlap in washroom hygiene, workwear, and textile services. Broader portfolio than Elis but directly competes in shared hygiene and uniform rental segments.

4CWS
TypeDirect peer
Description

European direct provider of textile, hygiene, and mat rental services across workplace washroom, healthcare, and industrial segments. Closely comparable to Elis in business model (subscription rental + industrial laundry) and geographic footprint across DACH and broader Europe.

TypeBroad incumbent
Description

US-listed global facility services, uniform, and food services provider. Overlaps with Elis in uniform rental and linen services for healthcare, hospitality, and industrial customers, though textiles are a smaller piece of its portfolio.

TypeRegional player
Description

German family-owned conglomerate historically linked to textile services (former CWS-boco parent) now diversified across multiple B2B services. A relevant reference point for DACH textile services economics and a potential strategic acquirer or partner in the region.

TypeDirect peer
Description

US-headquartered but globally operating linen, uniform, and industrial laundry services company. Provides a comparable subscription rental model across multiple end-markets, including healthcare and hospitality.

TypeDirect peer
Description

Finnish-based textile rental company operating across Europe and Asia with a workwear and mat rental subscription model. Comparable in scale, recurring revenue model, and pan-European footprint.

TypeDirect peer
Description

German family-owned textile services company providing workwear, cleaning cloths, and mat rental to industrial customers. Directly competes with Elis in DACH with a similar subscription-based circular-economy model.

TypeDirect peer
Description

French linen rental and laundering service operating under the Derichebourg Group, competing directly with Elis in France and other European markets with similar subscription-based service offerings.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers7 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Elis SA

Textile Rental and Industrial Laundry Servicesde.elis.com

Elis SA is a Paris-listed multi-service provider renting workwear, flat linen, healthcare textiles, and cleanroom garments to enterprise customers across Europe and Latin America through subscription-based circular-economy contracts.

What Elis SA does

Elis SA is a Paris-headquartered, Euronext-listed provider of textile rental, hygiene, and facility services operating under a circular-economy subscription model. Founded in 1883 according to firmographic data (company materials reference over 75 years of operational history), the group serves enterprise customers across healthcare, hospitality, industry, trade and services, public-sector, and cleanroom segments through more than 2,600 industrial laundry and service sites across Europe and Latin America. Its core service consists of renting professional workwear, flat linen, resident laundry, and medical textiles to B2B customers and then collecting, industrial-laundering, inspecting, repairing, and redelivering them on recurring contracts.

The company's product portfolio centers on Berufsbekleidung (workwear rental), Flachwäsche (flat linen for beds, bathrooms, and dining), Bewohnerwäsche (resident laundry for care homes with individual tracking), the CHIRUTEX medical-products system for operating-room supply, Reinraum (cleanroom textiles), Wischtextilien (industrial wiping textiles), Schmutzfangmatten (dust-control mats), and Schranksysteme (smart locker dispensing units). Its technology base includes item-level track-and-trace systems for resident laundry, a Workwear-to-Workwear sub-brand produced from 100% recycled textiles, and a portfolio of Personal Protective Equipment offerings. Elis monetizes exclusively through subscription rental contracts with enterprise customers — pricing is not publicly disclosed and requires direct contact — with segment diversity spanning hospitals, hotels, manufacturers, public-sector clients, and pharmaceutical/electronics cleanroom operators across more than 25 countries, and France alone generating roughly 30% of revenue.

In 2023 the group reported full-year revenue of €9.14 billion, up 7.7% on a like-for-like basis, with EBITDA margin maintained at 24.1% despite high inflation. The group is actively consolidating in Germany, having announced the acquisitions of Larosé and Mitteldeutsche Wäscherei on 2025-10-31, and has appointed new Finance and IT Directors for the DACH region in April 2026. Elis holds an EcoVadis Platinum sustainability rating (top 1% globally) and has committed to Science Based Targets aligned with the Paris Agreement. Distribution is direct enterprise field-sales only, with industry-specific marketing supplemented by sponsorships of three German professional tennis tournaments.

Elis SA firmographics

Firmographics
Name
Elis SA
Legal name
Elis SA
Website
https://de.elis.com
Company type
Public
Founded year
1883
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Elis SA is a Paris-listed multi-service provider renting workwear, flat linen, healthcare textiles, and cleanroom garments to enterprise customers across Europe and Latin America through subscription-based circular-economy contracts.
Ownership category
akta.pro rank

Elis SA industry classification

Industry
Product category
Textile Rental and Industrial Laundry Services
NAICS
Linen and Uniform Supply (81233), Linen Supply (812331), Drycleaning and Laundry Services (8123)
SIC
Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics (2840)
akta.pro primary industry
Uniform & Linen Cleaning, Sanitization & Processing (Service-Included) (HSAJAMAE)
akta.pro secondary industries
Bed & Bath Linen Service (Sheets, Pillowcases, Bath Mats) (HSAJAMAH), Facility Mat & Mop Rental/Service (Complementary Textile Programs) (HSAJAMAL)

Keywords

  • Textile rental services
  • Industrial laundry services
  • Workwear rental
  • Circular economy textiles
  • Hygiene facility services

Where Elis SA is headquartered

Location

Headquarters

HQ city
Hamburg
HQ country
Germany
HQ region
Europe

Offices2 records

Markets served

Elis SA business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

  1. Textile Rental Services: Subscription-based model renting professional linen, workwear, and hygiene products including regular collection, industrial laundering, quality inspection, repair, and redelivery services.
  2. Healthcare Laundry Services: Specialized laundry and linen services primarily serving healthcare clients, generating approximately €13 million in revenue in 2024 from the Larosé acquisition.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Elis SA product offering

Product offering

Core offering

Elis SA rents and maintains professional linen, workwear, and hygiene products to business customers through a subscription-based circular economy model. Services include regular collection, industrial laundering, quality inspection, repair, and redelivery, with the product portfolio spanning workwear, flat linen, resident laundry, CHIRUTEX medical products for surgical environments, cleanroom textiles, wiping textiles, dust control mats, and automated locker dispensing systems. Customers operate in healthcare, hospitality, industrial, trade, and public-sector settings across Europe and Latin America.

Product overview

Elis SA is a leading European provider of textile services operating through a B2B rental model. The core offering is a circular economy approach where companies rent rather than purchase professional clothing and textiles. The product portfolio centers on Berufsbekleidung (workwear rental) as the primary service, complemented by Flachwäsche (flat linen), Bewohnerwäsche (resident laundry), and the CHIRUTEX medical products system for healthcare. Supporting services include Reinraum (cleanroom textiles), Wischtextilien (wiping textiles), Schmutzfangmatten (dust control mats), and Schranksysteme (locker systems). The Workwear-to-Workwear collection represents a sustainable sub-brand using recycled materials. Services span hospitality, healthcare, industry, catering, retail, public sector, and rescue services across multiple European countries.

Differentiator

Problem solved

Functional benefit

Brands

  • Workwear to Workwear: Workwear collection made from 100% recycled materials combining style, functionality and responsibility.
  • CHIRUTEX

Products and services

  • Berufsbekleidung (Workwear Rental)

Quantifiable outcome

  • 7.7% revenue growth on like-for-like basis in 2023
  • +2 more outcomes

Companies that use Elis SA

Customer profile

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Elis SA technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Elis SA partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • LarosécoreStrategic or Co-development Partner · 31 October 2025Elis acquired Larosé in Germany, strengthening its network in Berlin and the eastern part of the country. Larosé primarily serves healthcare clients with laundry and linen services, generating approximately €13 million in revenue in 2024.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Elis SA competitors and assessment

Company assessment

Direct peers

  • Bardusch: German textile services provider offering workwear, protective clothing, mats, and cleanroom textiles. A direct DACH competitor with overlapping healthcare and industrial customer base.
  • CWS: European direct provider of textile, hygiene, and mat rental services across workplace washroom, healthcare, and industrial segments. Closely comparable to Elis in business model (subscription rental + industrial laundry) and geographic footprint across DACH and broader Europe.
  • Alsco: US-headquartered but globally operating linen, uniform, and industrial laundry services company. Provides a comparable subscription rental model across multiple end-markets, including healthcare and hospitality.
  • Lindström Group: Finnish-based textile rental company operating across Europe and Asia with a workwear and mat rental subscription model. Comparable in scale, recurring revenue model, and pan-European footprint.
  • Mewa: German family-owned textile services company providing workwear, cleaning cloths, and mat rental to industrial customers. Directly competes with Elis in DACH with a similar subscription-based circular-economy model.
  • Derichebourg Linen Services (DLS): French linen rental and laundering service operating under the Derichebourg Group, competing directly with Elis in France and other European markets with similar subscription-based service offerings.

Broad incumbents

  • Sodexo: Global facility services and food services provider that competes in adjacent B2B services, including workplace hygiene and uniform programs. Less specialized in textile laundry but addresses overlapping customer procurement needs.
  • Rentokil Initial: UK-listed global hygiene services group (including Initial brand) with overlap in washroom hygiene, workwear, and textile services. Broader portfolio than Elis but directly competes in shared hygiene and uniform rental segments.
  • Aramark: US-listed global facility services, uniform, and food services provider. Overlaps with Elis in uniform rental and linen services for healthcare, hospitality, and industrial customers, though textiles are a smaller piece of its portfolio.

Regional players

  • Haniel: German family-owned conglomerate historically linked to textile services (former CWS-boco parent) now diversified across multiple B2B services. A relevant reference point for DACH textile services economics and a potential strategic acquirer or partner in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Elis SA social profiles

Digital presence

Elis SA financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Elis SA leadership team

Management profile

Number of profiles

Profiles10 records

Elis SA subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Elis SA funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Elis SA M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elis SA

What does Elis SA do?

Elis SA rents and maintains professional linen, workwear, and hygiene products to business customers through a subscription-based circular economy model. Services include regular collection, industrial laundering, quality inspection, repair, and redelivery, with the product portfolio spanning workwear, flat linen, resident laundry, CHIRUTEX medical products for surgical environments, cleanroom textiles, wiping textiles, dust control mats, and automated locker dispensing systems. Customers operate in healthcare, hospitality, industrial, trade, and public-sector settings across Europe and Latin America.

Is Elis SA a public or private company?

Elis SA is a public company. It is classified as public and is currently operating.

When was Elis SA founded?

Elis SA was founded in 1883. It employs 5,001 to 10,000 people.

Where is Elis SA based?

Elis SA is headquartered in Hamburg, Germany, in the Europe region.

How does Elis SA make money?

Two revenue lines are on record. Textile Rental Services are the primary driver. The others are healthcare Laundry Services.

Who are Elis SA's main competitors?

Direct peers on record are Bardusch, CWS, Alsco, Lindström Group, Mewa and Derichebourg Linen Services (DLS). Broad incumbents are Sodexo, Rentokil Initial and Aramark. Haniel is listed as a regional player.

Does Elis SA have an API?

No public API is recorded for Elis SA.

What industry is Elis SA in?

Elis SA's product category is Textile Rental and Industrial Laundry Services. Its primary akta.pro industry code is HSAJAMAE, Uniform & Linen Cleaning, Sanitization & Processing (Service-Included), with a secondary code of HSAJAMAH, Bed & Bath Linen Service (Sheets, Pillowcases, Bath Mats). Its NAICS code is 81233 and its SIC code is 2840.

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Live signals
Ticker ReportElis (OTCMKTS:ELSSF) Trading Up 2.1% – Still a Buy?Elis SA shares rose 2.1% to $25.73 during mid-day trading on Tuesday, with volume up 52% to 5,110 shares. Royal Bank of Canada upgraded the stock to an outperform rating, and the consensus remains Buy. The company provides textile and facility services across Europe and Latin America.Seeking AlphaElis SA 2026 Q2 - Results - Earnings Call Presentation (OTCMKTS:ELSSF) 2026-07-29Elis SA published a slide deck in conjunction with their 2026 Q2 earnings call. The article provides links to additional resources, market news, and stock analysis related to Elis SA.AInvestElis SA - new acquisition will be consolidated in the financial statements as of July 1, 2026Elis SA has announced that its recent acquisition will be consolidated in the company's financial statements effective July 1, 2026, following the completion of regulatory and operational integration processes.GlobeNewswireElis: Disclosure of trading in own shares occured from June 22 to June 26, 2026Elis SA disclosed its share buyback activity conducted from June 22 to June 26, 2026, during which the company purchased 926,275 own shares at a weighted average price of €26.9518 per share across multiple European trading platforms. The purchases were made under the buyback program authorized by the 15th resolution of the General Shareholders' Meeting of May 21, 2026. The stated purposes include covering employee share plans, convertible bond obligations, and potential share cancellation.AD HOC NEWSElis SA stock (FR0010585832): French laundry services leader with steady European growthElis SA is a leading European provider of hygiene and facility services listed on Euronext Paris, operating through a subscription-based model that rents and maintains professional linen, workwear, and hygiene products across hospitality, healthcare, and industrial sectors. The company reported 2023 full-year revenue of €9.14 billion, up 7.7% on a like-for-like basis, with an EBITDA margin of 24.1% maintained amid a high-inflation environment. The article serves as a stock overview profile, noting the company's geographic diversification across France (30% of revenue), Italy, and the UK, along with its over 2,600 industrial sites across Europe and Latin America.GlobeNewswireElis: Disclosure of trading in own shares occured from May 4 to May 8, 2026Elis SA, a French company headquartered in Puteaux, disclosed the purchase of 987,499 of its own shares between May 4 and May 8, 2026, under its authorized share buyback program. The transactions were conducted across four trading platforms at an average weighted price of €27.1725 per share. The stated purposes of the buyback include covering performance share plans, allocating shares under the company's employee shareholding plan, fulfilling obligations related to convertible bonds due September 2029, and cancelling the remainder.GlobeNewswireElis: Disclosure of trading in own shares occured from April 1 to April 2, 2026Elis SA disclosed the purchase of 408,779 of its own shares from April 1 to April 2, 2026, across multiple trading platforms at weighted average prices between €24.9455 and €25.0226 per share. The total transaction value was approximately €10.2 million, with the stated purposes being to cover performance share plans, the Elis for All 2026 employee shareholding plan, conversion obligations for convertible bonds due September 2029, and potential share cancellation. This disclosure is made pursuant to EU Regulation 2016/1052 on share buybacks as a routine regulatory requirement.Seeking AlphaElis SA (ELSSF) Q4 2025 Earnings Call TranscriptElis SA reported full year 2025 revenue of EUR 4,796.8 million, representing 4.9% growth (5.5% at constant exchange rates) with adjusted EBITDA increasing 5.6% to EUR 1,700.1 million and margin improving 20 basis points to 35.4%. The company generated free cash flow of EUR 358.6 million and reduced its net debt-to-EBITDA leverage ratio to 1.75x while completing bolt-on acquisitions across Europe and Brazil totaling approximately EUR 91 million of annualized revenue. For 2026, management expects organic growth slightly below 2025 levels, continued margin expansion, high single-digit EPS growth, and announced an increased share buyback program of up to EUR 500 million alongside a 7% dividend increase to EUR 0.48 per share.