Analysts' estimates

Here we provide analysts’ recommendations, their price targets and consensus of analysts’ estimates (source: Bloomberg).

These analysts' estimates may be subject to certain assumptions which are not disclosed here. In providing this service to our investors, we do not confirm the accuracy of this information. The information is not intended as a recommendation of a financial investment in the company.

Analysts' recommendations

Average price target	€262.8
Maximum	€306.0
Minimum	€191.0
Share price as of 01/14/2021	€238.9
Upside/downside	10.0%

Status: 01/15/2021, Source: Bloomberg Finance LP.