Guidance
Our guidance for 2025 is provided below. We expect full-year 2025 organic growth to be broadly in line with the prior year (6%). Despite the adverse USD exchange rate movement, the absence of last year’s pension gain, and additional restructuring, we expect the adjusted operating profit margin in reported currency to be near the top end of the range, supported by most divisions.
| Performance Indicators | 2025 Guidance | 2024 Actual |
| Adjusted operating profit margin* | 27.1% - 27.5% | 27.1% |
| Adjusted free cash flow** | €1,250-€1,300 million | €1,276 million |
| ROIC* | ±18% | 18.1% |
| Diluted adjusted EPS** | Mid- to high-single-digit | 11% |
*Guidance for adjusted operating profit margin and ROIC is in reporting currency and assumes an average EUR/USD rate in 2025 of €/$ 1.13. ** Guidance for adjusted free cash flow and diluted adjusted EPS is in constant currencies (€/$ 1.08). Guidance reflects share repurchases of up to €1 billion in 2025.
For definitions of the above performance indicators, please consult the Glossary
