Revenue by Segment

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Generation and Trading	9.01B	8.52B	10.92B	19.61B	8.01B
Generation and Trading Growth	5.75%	-21.99%	-44.30%	144.88%	107.36%
Market	7.22B	6.67B	7.14B	8.80B	3.85B
Market Growth	8.23%	-6.58%	-18.85%	128.58%	53.04%
Circular Economy	2.28B	2.15B	-	-	-
Circular Economy Growth	6.10%	-	-	-	-
Smart Infrastructures	1.17B	852.00M	1.55B	1.53B	1.25B
Smart Infrastructures Growth	37.09%	-45.10%	1.50%	22.52%	9.86%
Corporate	383.00M	353.00M	337.00M	320.00M	284.00M
Corporate Growth	8.50%	4.75%	5.31%	12.68%	7.58%
Eliminations	-6.00B	-5.69B	-6.65B	-8.52B	-3.24B
Waste	-	-	1.46B	1.42B	1.21B
Waste Growth	-	-	2.53%	17.81%	8.64%
Total	14.06B	12.86B	14.76B	23.16B	11.35B
Total Growth	9.38%	-12.88%	-36.27%	103.98%	65.77%

Source: S&P Global Market Intelligence.