A 
17.40
-0.11%
Close of 9 Nov 2026, in DKK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in DKK, from our data supplier.
Net income
DKK 1.35bn
FY2016FY2025
Total assets
DKK 32.02bn
FY2016FY2025
Shareholders' equity
DKK 12.37bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | DKK 2.22bn | DKK 1.51bn | DKK 1.23bn | DKK 218.0m | DKK 449.0m | DKK 694.0m | DKK 354.0m | DKK 54.0m | DKK 499.0m | DKK 462.0m |
| Net income | DKK 1.35bn | DKK 748.0m | DKK 587.0m | DKK 367.0m | DKK 598.0m | DKK 618.0m | DKK 452.0m | DKK 569.0m | DKK 811.0m | DKK 826.0m |
| Diluted earnings per share | 0.92 | 0.51 | 0.38 | 0.23 | 0.57 | 0.98 | 0.70 | 0.87 | 1.21 | 1.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 32.02bn | DKK 35.44bn | DKK 35.57bn | DKK 35.59bn | DKK 42.23bn | DKK 32.78bn | DKK 41.80bn | DKK 39.02bn | DKK 34.65bn | DKK 34.86bn |
| Cash and short-term investments | — | — | — | DKK 458.0m | — | — | — | — | — | — |
| Total liabilities | DKK 19.65bn | DKK 22.03bn | DKK 21.63bn | DKK 21.75bn | DKK 28.53bn | DKK 27.61bn | DKK 37.22bn | DKK 34.28bn | DKK 29.72bn | DKK 29.66bn |
| Debt | DKK 1.09bn | DKK 2.25bn | DKK 2.39bn | DKK 2.54bn | DKK 1.77bn | DKK 1.60bn | DKK 12.08bn | DKK 11.30bn | DKK 7.61bn | DKK 8.22bn |
| Shareholders' equity | DKK 12.37bn | DKK 13.40bn | DKK 13.94bn | DKK 13.85bn | DKK 13.71bn | DKK 5.17bn | DKK 4.58bn | DKK 4.75bn | DKK 4.94bn | DKK 5.20bn |
| Shares outstanding | 1,460m | 1,520m | 1,541m | 1,541m | 1,032m | 628m | 639m | 652m | 669m | 691m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | DKK 50.0m | DKK 313.0m | DKK 440.0m | DKK 603.0m | DKK 457.0m | DKK 236.0m | DKK 289.0m | DKK 376.0m |
| Net income | DKK 32.0m | DKK 224.0m | DKK 337.0m | DKK 327.0m | DKK 342.0m | DKK 347.0m | DKK 222.0m | DKK 318.0m |
| Diluted earnings per share | 0.02 | 0.16 | 0.24 | 0.23 | 0.24 | 0.24 | 0.15 | 0.21 |
| Total assets | DKK 32.80bn | DKK 33.49bn | DKK 32.02bn | DKK 32.77bn | DKK 33.69bn | DKK 33.96bn | DKK 35.44bn | DKK 36.42bn |
| Cash and short-term investments | DKK 266.0m | DKK 174.0m | DKK 607.0m | DKK 452.0m | DKK 400.0m | DKK 537.0m | DKK 412.0m | DKK 611.0m |
| Debt | DKK 1.42bn | DKK 1.03bn | DKK 1.09bn | — | DKK 1.45bn | DKK 1.47bn | DKK 1.55bn | DKK 1.71bn |
| Shareholders' equity | DKK 10.99bn | DKK 12.41bn | DKK 11.97bn | DKK 11.81bn | DKK 12.06bn | DKK 12.79bn | DKK 13.40bn | DKK 13.30bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 8.0% | 4.9% | -2.2% | 14.5% | 10.3% | 3.2% |
| Net margin | 10.1% | 5.5% | 4.4% | 3.5% | 11.4% | 7.9% | — |
| Return on equity | 11.3% | 5.8% | 4.4% | 2.7% | 4.4% | 11.9% | — |
| Return on assets | 4.2% | 2.2% | 1.7% | 1.1% | 1.4% | 1.9% | — |
| Revenue growth | -5.4% | 1.8% | 31.2% | 101.8% | -32.6% | -15.6% | — |
| Earnings growth | 74.1% | 27.0% | 63.6% | -37.5% | -2.9% | 36.3% | — |
| Current ratio | — | 0.06x | 0.06x | 0.12x | 1.11x | 3.59x | 8.56x |
| Debt to equity | 0.09x | 0.12x | 0.11x | 0.11x | 0.13x | 0.28x | — |
| Equity ratio | 37.4% | 37.8% | 39.2% | 38.9% | 32.5% | 15.8% | — |
| Interest coverage | — | 4.36x | 1.96x | -0.99x | 50.73x | 39.95x | 6.41x |
| Buybacks as a share of market value | 5.9% | 2.1% | 0.1% | -182.2% | 10.1% | 4.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.4% | 21.9% | 8.3% |
| Operating income | 116.9% | 26.2% | — |
| Net income | 54.5% | 17.0% | 10.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.0% | 10.2% | 10.4% | 7.9% |
| Net margin | 7.9% | 6.0% | 7.0% | 7.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.4 | 28.5 | 31.3 | 47.2 | 22.0 | 18.3 | 20.5 | 14.0 | 16.4 | 11.1 |
| Price to sales | 2.0 | 1.6 | 1.4 | 1.6 | 2.6 | 2.2 | 1.1 | 1.1 | 1.7 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 10 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.66 | 0.60 | 0.55 | 0.30 | 0.30 | 2.94 | 0.368 | 0.368 |
- 1-to-1 reverse split · 10 Jun 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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