B 
18.88
-0.32%
Close of 9 Nov 2026, in NOK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€796.2m
FY2016FY2025
Net income
€15.6m
FY2016FY2025
Free cash flow
−€20.6m
FY2016FY2025
Shareholders' equity
€448.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €796.2m | €773.2m | €1.11bn | €1.05bn | €748.2m | €462.6m | €434.6m | €379.8m | €190.6m | €167.6m |
| Gross profit | €514.3m | €425.1m | €554.7m | €481.9m | €351.1m | €246.2m | €220.4m | €163.9m | €70.8m | €60.5m |
| Research and development | — | — | €1.8m | €1.4m | €1.0m | €1.0m | €900,000 | €679,545 | €172,732 | — |
| Operating income | €3.6m | €8.5m | €33.5m | €68.0m | €67.8m | €39.5m | €126.4m | €81.4m | €4.3m | €6.9m |
| Net income | €15.6m | −€29.6m | −€18.0m | €34.4m | €35.7m | €30.1m | €5.6m | €1.6m | €3.9m | €4.5m |
| Diluted earnings per share | 0.07 | -0.15 | -0.09 | 0.18 | 0.23 | 0.21 | 0.04 | 0.01 | 0.38 | 43.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €1.15bn | €1.18bn | €1.25bn | €1.30bn | €785.7m | €543.1m | €443.4m | €399.8m | €135.6m | €99.7m |
| Cash and short-term investments | €65.5m | €38.4m | €63.6m | €55.8m | €142.5m | €51.4m | €56.0m | €22.9m | €11.2m | €2.4m |
| Total liabilities | €685.2m | €797.4m | €837.7m | €870.9m | €523.5m | €348.0m | €293.9m | €250.2m | €96.0m | €65.1m |
| Debt | €475.2m | €574.7m | €610.8m | €597.4m | €338.8m | €221.6m | €189.9m | €132.1m | €58.9m | €40.4m |
| Shareholders' equity | €448.6m | €370.8m | €403.2m | €419.8m | €252.4m | €194.7m | €150.1m | €148.5m | €38.6m | €34.5m |
| Shares outstanding | 209m | 192m | 192m | 186m | 158m | 145m | 139m | 139m | 10m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €15.3m | €85.2m | €76.5m | €40.9m | €67.4m | €33.2m | €17.3m | €36.9m | €7.2m | €7.7m |
| Capital spending | −€35.9m | −€32.5m | −€51.7m | −€43.7m | −€34.7m | −€26.6m | −€14.3m | −€14.0m | −€9.8m | −€6.3m |
| Free cash flow | −€20.6m | €52.7m | €24.8m | −€2.8m | €32.7m | €6.6m | €3.0m | €22.8m | −€2.5m | €1.4m |
| Dividends paid | — | — | — | −€20.8m | −€6.4m | −€6.4m | −€6.4m | −€6.4m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €247.8m | €198.6m | €197.1m | €202.9m | €208.2m | €187.9m | €190.7m | €252.1m |
| Gross profit | €143.8m | €121.0m | €132.8m | €117.9m | €120.8m | €108.8m | €106.7m | €125.6m |
| Operating income | €23.1m | €5.7m | −€2.6m | €5.3m | €3.8m | −€2.9m | €700,000 | €4.5m |
| Net income | €7.6m | −€10.6m | −€15.9m | €56.3m | −€14.6m | −€10.3m | −€12.5m | −€8.3m |
| Diluted earnings per share | 0.04 | -0.05 | -0.08 | 0.27 | -0.07 | -0.05 | -0.07 | -0.04 |
| Cash from operations | €44.0m | €1.0m | €15.0m | €11.0m | €1.0m | −€10.0m | €33.0m | €49.0m |
| Capital spending | — | — | −€35.0m | −€27.0m | −€10.0m | −€9.0m | −€9.0m | −€6.0m |
| Free cash flow | — | — | −€20.0m | −€16.0m | −€9.0m | −€19.0m | €24.0m | €43.0m |
| Total assets | €1.22bn | €1.17bn | €1.15bn | €1.19bn | €1.17bn | €1.22bn | €1.18bn | €1.24bn |
| Cash and short-term investments | — | — | €65.5m | €73.5m | €36.8m | €30.9m | €38.4m | €81.2m |
| Debt | €249.4m | €249.0m | €475.2m | €513.0m | €576.1m | €592.2m | €574.7m | €603.5m |
| Shareholders' equity | €461.8m | €450.7m | €448.6m | €467.8m | €338.8m | €356.9m | €370.8m | €382.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.8% | 11.5% | 16.4% |
| Operating income | -62.5% | -38.1% | -4.9% |
| Net income | -23.2% | -12.3% | 12.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 59.9% | 53.0% | 52.1% | 50.0% |
| Operating margin | 0.8% | 3.0% | 4.5% | 7.1% |
| Net margin | -0.9% | 0.1% | 1.4% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 23.4 | -16.0 | -25.4 | 23.0 | 30.8 | 10.3 |
| Price to sales | 0.5 | 0.6 | 0.4 | 0.8 | 1.5 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jun 2023.
| FY2023 | FY2022 | FY2021 | |
|---|---|---|---|
| Paid in the year | 0.60 | 0.011 | 0.42 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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