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ss:ExpandedRowCount="17" x:FullColumns="1" x:FullRows="1" ss:DefaultRowHeight="15"><Column ss:Width="168" /><Column ss:Width="45" /><Column ss:Width="45" /><Column ss:Width="45" /><Column ss:Width="45" /><Column ss:Width="45" /><Column ss:Width="45" /><Column ss:Width="45" /><Column ss:Width="45" /><Column ss:Width="45" /><Column ss:Width="45" /><Column ss:Width="45" /><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s57"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s58"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s59"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s60"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s61"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s62"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s63"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s64"><Data ss:Type="String">Nordea</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s67"><Data ss:Type="String">EURm</Data></Cell><Cell ss:StyleID="s68"><Data ss:Type="String">2022</Data></Cell><Cell ss:StyleID="s69"><Data ss:Type="String">2023</Data></Cell><Cell ss:StyleID="s70"><Data ss:Type="String">2024</Data></Cell><Cell ss:StyleID="s71"><Data ss:Type="String">2025</Data></Cell><Cell ss:StyleID="s72"><Data ss:Type="String">2026E</Data></Cell><Cell ss:StyleID="s73"><Data ss:Type="String">2027E</Data></Cell><Cell ss:StyleID="s74"><Data ss:Type="String">2028E</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s57"><Data ss:Type="String">Total revenue</Data></Cell><Cell ss:StyleID="s58"><Data ss:Type="String">797.1</Data></Cell><Cell ss:StyleID="s59"><Data ss:Type="String">1,012</Data></Cell><Cell ss:StyleID="s60"><Data ss:Type="String">1,089</Data></Cell><Cell ss:StyleID="s61"><Data ss:Type="String">1,155</Data></Cell><Cell ss:StyleID="s62"><Data ss:Type="String">1,003</Data></Cell><Cell ss:StyleID="s63"><Data ss:Type="String">1,073</Data></Cell><Cell ss:StyleID="s64"><Data ss:Type="String">1,134</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s67"><Data ss:Type="String">EBITDA (adj.)</Data></Cell><Cell ss:StyleID="s68"><Data ss:Type="String">78.0</Data></Cell><Cell ss:StyleID="s69"><Data ss:Type="String">98.5</Data></Cell><Cell ss:StyleID="s70"><Data ss:Type="String">103.5</Data></Cell><Cell ss:StyleID="s71"><Data ss:Type="String">109.4</Data></Cell><Cell ss:StyleID="s72"><Data ss:Type="String">97.7</Data></Cell><Cell ss:StyleID="s73"><Data ss:Type="String">104.0</Data></Cell><Cell ss:StyleID="s74"><Data ss:Type="String">110.7</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s57"><Data ss:Type="String">EBITDA (adj.) margin</Data></Cell><Cell ss:StyleID="s58"><Data ss:Type="String">9.79%</Data></Cell><Cell ss:StyleID="s59"><Data ss:Type="String">9.73%</Data></Cell><Cell ss:StyleID="s60"><Data ss:Type="String">9.50%</Data></Cell><Cell ss:StyleID="s61"><Data ss:Type="String">9.48%</Data></Cell><Cell ss:StyleID="s62"><Data ss:Type="String">9.73%</Data></Cell><Cell ss:StyleID="s63"><Data ss:Type="String">9.69%</Data></Cell><Cell ss:StyleID="s64"><Data ss:Type="String">9.76%</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s67"><Data ss:Type="String">EBIT (adj.)</Data></Cell><Cell ss:StyleID="s68"><Data ss:Type="String">54.3</Data></Cell><Cell ss:StyleID="s69"><Data ss:Type="String">68.0</Data></Cell><Cell ss:StyleID="s70"><Data ss:Type="String">72.9</Data></Cell><Cell ss:StyleID="s71"><Data ss:Type="String">78.5</Data></Cell><Cell ss:StyleID="s72"><Data ss:Type="String">67.3</Data></Cell><Cell ss:StyleID="s73"><Data ss:Type="String">75.3</Data></Cell><Cell ss:StyleID="s74"><Data ss:Type="String">80.7</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s57"><Data ss:Type="String">EBIT (adj.) margin</Data></Cell><Cell ss:StyleID="s58"><Data ss:Type="String">6.81%</Data></Cell><Cell ss:StyleID="s59"><Data ss:Type="String">6.72%</Data></Cell><Cell ss:StyleID="s60"><Data ss:Type="String">6.69%</Data></Cell><Cell ss:StyleID="s61"><Data ss:Type="String">6.80%</Data></Cell><Cell ss:StyleID="s62"><Data ss:Type="String">6.71%</Data></Cell><Cell ss:StyleID="s63"><Data ss:Type="String">7.02%</Data></Cell><Cell ss:StyleID="s64"><Data ss:Type="String">7.12%</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s67"><Data ss:Type="String">PTP (adj.)</Data></Cell><Cell ss:StyleID="s68"><Data ss:Type="String">51.1</Data></Cell><Cell ss:StyleID="s69"><Data ss:Type="String">61.6</Data></Cell><Cell ss:StyleID="s70"><Data ss:Type="String">66.3</Data></Cell><Cell ss:StyleID="s71"><Data ss:Type="String">72.2</Data></Cell><Cell ss:StyleID="s72"><Data ss:Type="String">46.3</Data></Cell><Cell ss:StyleID="s73"><Data ss:Type="String">70.0</Data></Cell><Cell ss:StyleID="s74"><Data ss:Type="String">76.0</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s57"><Data ss:Type="String">Net profit (cont. oper.) (adj.)</Data></Cell><Cell ss:StyleID="s58"><Data ss:Type="String">40.8</Data></Cell><Cell ss:StyleID="s59"><Data ss:Type="String">46.3</Data></Cell><Cell ss:StyleID="s60"><Data ss:Type="String">50.7</Data></Cell><Cell ss:StyleID="s61"><Data ss:Type="String">57.0</Data></Cell><Cell ss:StyleID="s62"><Data ss:Type="String">46.7</Data></Cell><Cell ss:StyleID="s63"><Data ss:Type="String">54.3</Data></Cell><Cell ss:StyleID="s64"><Data ss:Type="String">59.1</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s67"><Data ss:Type="String">Shareholders' equity</Data></Cell><Cell ss:StyleID="s68"><Data ss:Type="String">314.5</Data></Cell><Cell ss:StyleID="s69"><Data ss:Type="String">344.1</Data></Cell><Cell ss:StyleID="s70"><Data ss:Type="String">376.7</Data></Cell><Cell ss:StyleID="s71"><Data ss:Type="String">414.4</Data></Cell><Cell ss:StyleID="s72"><Data ss:Type="String">n.a.</Data></Cell><Cell ss:StyleID="s73"><Data ss:Type="String">n.a.</Data></Cell><Cell ss:StyleID="s74"><Data ss:Type="String">n.a.</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s57"><Data ss:Type="String">Net debt</Data></Cell><Cell ss:StyleID="s58"><Data ss:Type="String">11.2</Data></Cell><Cell ss:StyleID="s59"><Data ss:Type="String">112.6</Data></Cell><Cell ss:StyleID="s60"><Data ss:Type="String">102.8</Data></Cell><Cell ss:StyleID="s61"><Data ss:Type="String">91.0</Data></Cell><Cell ss:StyleID="s62"><Data ss:Type="String">90.2</Data></Cell><Cell ss:StyleID="s63"><Data ss:Type="String">82.4</Data></Cell><Cell ss:StyleID="s64"><Data ss:Type="String">64.5</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s67"><Data ss:Type="String">Net gearing</Data></Cell><Cell ss:StyleID="s68"><Data ss:Type="String">3.56%</Data></Cell><Cell ss:StyleID="s69"><Data ss:Type="String">32.7%</Data></Cell><Cell ss:StyleID="s70"><Data ss:Type="String">27.2%</Data></Cell><Cell ss:StyleID="s71"><Data ss:Type="String">21.9%</Data></Cell><Cell ss:StyleID="s72"><Data ss:Type="String">n.a.</Data></Cell><Cell ss:StyleID="s73"><Data ss:Type="String">n.a.</Data></Cell><Cell ss:StyleID="s74"><Data ss:Type="String">n.a.</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s57"><Data ss:Type="String">Net debt/EBITDA</Data></Cell><Cell ss:StyleID="s58"><Data ss:Type="String">0.14</Data></Cell><Cell ss:StyleID="s59"><Data ss:Type="String">1.14</Data></Cell><Cell ss:StyleID="s60"><Data ss:Type="String">0.99</Data></Cell><Cell ss:StyleID="s61"><Data ss:Type="String">0.83</Data></Cell><Cell ss:StyleID="s62"><Data ss:Type="String">0.92</Data></Cell><Cell ss:StyleID="s63"><Data ss:Type="String">0.79</Data></Cell><Cell ss:StyleID="s64"><Data ss:Type="String">0.58</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s67"><Data ss:Type="String">Free cash flow</Data></Cell><Cell ss:StyleID="s68"><Data ss:Type="String">24.0</Data></Cell><Cell ss:StyleID="s69"><Data ss:Type="String">-80.2</Data></Cell><Cell ss:StyleID="s70"><Data ss:Type="String">32.4</Data></Cell><Cell ss:StyleID="s71"><Data ss:Type="String">35.8</Data></Cell><Cell ss:StyleID="s72"><Data ss:Type="String">34.0</Data></Cell><Cell ss:StyleID="s73"><Data ss:Type="String">n.a.</Data></Cell><Cell ss:StyleID="s74"><Data ss:Type="String">n.a.</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s57"><Data ss:Type="String">Diluted no. of shares, year-end (m)</Data></Cell><Cell ss:StyleID="s58"><Data ss:Type="String">64.7</Data></Cell><Cell ss:StyleID="s59"><Data ss:Type="String">64.7</Data></Cell><Cell ss:StyleID="s60"><Data ss:Type="String">64.7</Data></Cell><Cell ss:StyleID="s61"><Data ss:Type="String">64.7</Data></Cell><Cell ss:StyleID="s62"><Data ss:Type="String">n.a.</Data></Cell><Cell ss:StyleID="s63"><Data ss:Type="String">n.a.</Data></Cell><Cell ss:StyleID="s64"><Data ss:Type="String">n.a.</Data></Cell></Row><Row ss:AutoFitHeight="0"><Cell ss:StyleID="s67"><Data ss:Type="String">&lt;div&gt;Nordea Markets estimates published on Jul 17, 2026&lt;/div&gt;&lt;div&gt;Source: Company data, Nordea estimates&lt;/br&gt;Note: Nordea estimates are adjusted where stated, whereas consensus estimates are presented as reported numbers.&lt;/div&gt;</Data></Cell><Cell ss:StyleID="s68"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s69"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s70"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s71"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s72"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s73"><Data ss:Type="String"></Data></Cell><Cell ss:StyleID="s74"><Data ss:Type="String"></Data></Cell></Row></Table><WorksheetOptions xmlns="urn:schemas-microsoft-com:office:excel"><PageSetup><Header x:Margin="0.3" /><Footer x:Margin="0.3" /><PageMargins x:Bottom="0.75" x:Left="0.7" x:Right="0.7" x:Top="0.75" /></PageSetup><Unsynced /><Print><ValidPrinterInfo 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