106.60
+1.33%
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.
Revenue
DKK 6.12bn
FY2016FY2025
Net income
DKK 200.7m
FY2016FY2025
Free cash flow
DKK 112.3m
FY2016FY2025
Shareholders' equity
DKK 1.67bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 6.12bn | DKK 5.43bn | DKK 5.26bn | DKK 5.38bn | DKK 4.80bn | DKK 4.10bn | DKK 3.58bn | DKK 3.37bn | DKK 3.27bn | DKK 2.82bn |
| Research and development | DKK 28.1m | DKK 23.1m | DKK 15.0m | DKK 21.3m | DKK 20.3m | DKK 20.0m | — | — | — | — |
| Operating income | DKK 289.5m | DKK 246.1m | DKK 292.2m | DKK 384.6m | DKK 396.5m | DKK 227.6m | DKK 175.9m | DKK 154.8m | DKK 147.2m | DKK 143.3m |
| Net income | DKK 200.7m | DKK 163.4m | DKK 206.1m | DKK 294.5m | DKK 253.8m | DKK 172.9m | DKK 131.0m | DKK 118.5m | DKK 114.8m | DKK 105.4m |
| Diluted earnings per share | 7.37 | 6.01 | 7.58 | 10.84 | 9.47 | 6.42 | 4.72 | 4.49 | 4.10 | 3.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 4.10bn | DKK 3.79bn | DKK 3.24bn | DKK 3.32bn | DKK 2.71bn | DKK 2.38bn | DKK 2.31bn | DKK 2.14bn | DKK 2.17bn | DKK 1.99bn |
| Cash and short-term investments | DKK 61.4m | DKK 55.4m | DKK 89.5m | DKK 35.0m | DKK 136.9m | DKK 133.2m | DKK 80.4m | DKK 16.6m | DKK 28.6m | DKK 7.3m |
| Total liabilities | DKK 2.43bn | DKK 2.25bn | DKK 1.77bn | DKK 1.91bn | DKK 1.47bn | DKK 1.35bn | DKK 1.44bn | DKK 1.39bn | DKK 1.51bn | DKK 1.26bn |
| Debt | DKK 1.11bn | DKK 1.05bn | DKK 611.2m | DKK 577.5m | DKK 331.7m | DKK 348.4m | DKK 574.3m | DKK 646.5m | DKK 859.7m | DKK 613.8m |
| Shareholders' equity | DKK 1.67bn | DKK 1.54bn | DKK 1.48bn | DKK 1.41bn | DKK 1.24bn | DKK 1.03bn | DKK 870.3m | DKK 756.7m | DKK 655.9m | DKK 732.1m |
| Shares outstanding | 27m | 27m | 27m | 27m | 27m | 27m | 28m | 26m | 28m | 34m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 312.4m | DKK 199.2m | DKK 346.4m | DKK 215.8m | DKK 308.1m | DKK 375.4m | DKK 302.7m | DKK 300.8m | DKK 134.4m | DKK 235.8m |
| Capital spending | −DKK 200.1m | −DKK 160.3m | −DKK 128.8m | −DKK 205.5m | −DKK 202.9m | −DKK 60.8m | −DKK 44.5m | −DKK 81.5m | −DKK 114.7m | −DKK 81.0m |
| Free cash flow | DKK 112.3m | DKK 38.9m | DKK 217.7m | DKK 10.3m | DKK 105.2m | DKK 314.6m | DKK 258.3m | DKK 219.2m | DKK 19.7m | DKK 154.8m |
| Dividends paid | −DKK 81.7m | −DKK 101.9m | −DKK 142.7m | −DKK 122.3m | −DKK 40.8m | −DKK 16.3m | −DKK 16.3m | −DKK 16.3m | −DKK 16.3m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 1.67bn | DKK 1.58bn | DKK 1.67bn | DKK 1.47bn | DKK 1.50bn | DKK 1.49bn | DKK 1.55bn | DKK 1.33bn |
| Operating income | DKK 68.8m | DKK 57.7m | DKK 110.6m | DKK 60.7m | DKK 59.1m | DKK 60.4m | DKK 90.6m | DKK 69.2m |
| Net income | DKK 47.9m | DKK 42.7m | DKK 81.0m | DKK 39.6m | DKK 39.8m | DKK 40.1m | DKK 61.5m | DKK 46.0m |
| Diluted earnings per share | 1.76 | 1.57 | 2.97 | 1.45 | 1.46 | 1.47 | 2.26 | 1.69 |
| Cash from operations | DKK 132.0m | −DKK 30.0m | DKK 256.0m | DKK 14.0m | DKK 241.0m | −DKK 199.0m | DKK 389.0m | −DKK 204.0m |
| Capital spending | −DKK 19.0m | −DKK 68.0m | −DKK 61.0m | −DKK 24.0m | −DKK 46.0m | −DKK 27.0m | −DKK 61.0m | −DKK 17.0m |
| Free cash flow | DKK 113.0m | −DKK 98.0m | DKK 195.0m | −DKK 10.0m | DKK 195.0m | −DKK 226.0m | DKK 328.0m | −DKK 221.0m |
| Total assets | DKK 4.39bn | DKK 4.27bn | DKK 4.10bn | DKK 4.12bn | DKK 4.03bn | DKK 3.96bn | DKK 3.79bn | DKK 3.80bn |
| Cash and short-term investments | DKK 53.4m | DKK 36.0m | DKK 61.4m | DKK 82.6m | DKK 57.8m | DKK 41.0m | DKK 55.4m | DKK 53.8m |
| Debt | DKK 1.14bn | DKK 1.17bn | DKK 1.04bn | DKK 528.7m | DKK 1.11bn | DKK 1.25bn | DKK 954.3m | DKK 1.27bn |
| Shareholders' equity | DKK 1.66bn | DKK 1.61bn | DKK 1.67bn | DKK 1.58bn | DKK 1.54bn | DKK 1.50bn | DKK 1.54bn | DKK 1.48bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.7% | 4.8% | 5.5% | 7.1% | 6.9% | 5.6% |
| Net margin | 3.3% | 3.0% | 3.9% | 5.5% | 5.3% | 4.2% |
| Return on equity | 12.0% | 10.6% | 14.0% | 20.9% | 20.5% | 16.8% |
| Return on assets | 4.9% | 4.3% | 6.4% | 8.9% | 9.4% | 7.3% |
| Free cash flow yield | 18.5% | 13.0% | 17.2% | 15.2% | 18.7% | 15.9% |
| Revenue growth | 12.7% | 3.2% | -2.1% | 12.0% | 17.1% | 14.4% |
| Earnings growth | 22.8% | -20.7% | -30.0% | 16.0% | 46.8% | 32.0% |
| Current ratio | 1.03x | 1.10x | 1.17x | 1.16x | 1.05x | 1.04x |
| Debt to equity | 0.60x | 0.62x | 0.37x | 0.37x | 0.22x | 0.30x |
| Equity ratio | 40.7% | 40.6% | 45.5% | 42.4% | 45.8% | 43.2% |
| Interest coverage | 7.15x | 5.35x | 10.52x | 41.88x | 76.39x | 32.80x |
| R&D as a share of sales | 0.5% | 0.4% | 0.3% | 0.4% | 0.4% | 0.5% |
| Buybacks as a share of market value | -0.2% | 0.0% | 0.0% | -1.3% | 0.4% | 3.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.4% | 8.4% | 8.8% |
| Operating income | -9.0% | 4.9% | 9.3% |
| Net income | -12.0% | 3.0% | 8.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.6% | 5.5% | 5.9% | 5.5% |
| Net margin | 3.2% | 3.9% | 4.2% | 4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.8 | 13.1 | 9.3 | 7.7 | 14.4 | 9.4 | 7.4 | 6.5 | 9.8 | 11.0 |
| Price to sales | 0.4 | 0.4 | 0.4 | 0.4 | 0.8 | 0.4 | 0.3 | 0.2 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 23 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.75 | 3.00 | 3.75 | 5.25 | 4.50 | 1.50 | 0.60 | 0.60 |
- 10-for-1 split · 28 Mar 2022
- 10-for-1 split · 30 Mar 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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