Outlook

As of 2025 the adjusted EBITDA target in the Short-Term Incentive Plan at global and regional level will be replaced by an adjusted EBIT target. The target will be split into an absolute KPI and a margin target. The change of the KPI reflects an increased focus on return on assets.

With regard to the overall variable compensation schemes, the Compensation Committee has decided to conduct a review in 2025 of the ESG component in both STIP and LTIP. Details will be communicated in the Compensation Report for the financial year 2025.