19.24
+1.64%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue, before interest expense
€4.21bn
FY2016FY2025
Net income
€1.20bn
FY2016FY2025
Total assets
€164.80bn
FY2016FY2025
Shareholders' equity
€12.92bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | €4.21bn | €4.46bn | €4.49bn | €3.26bn | €6.08bn | €4.36bn | €5.59bn | €3.79bn | €35.01bn | €30.55bn |
| Operating income | — | — | — | — | — | — | €858.0m | €1.08bn | — | — |
| Net income | €1.20bn | €1.53bn | €1.59bn | €889.0m | €1.05bn | −€742.0m | €386.0m | €620.0m | €8.16bn | €6.67bn |
| Diluted earnings per share | 1.26 | 1.61 | 1.51 | 0.83 | 0.97 | -0.69 | 0.36 | 0.65 | 8.57 | 7.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €164.80bn | €161.81bn | €155.71bn | €151.32bn | €155.27bn | €133.75bn | €131.88bn | €123.67bn | €992.16bn | €878.17bn |
| Cash and short-term investments | — | — | — | — | €32.82bn | €12.41bn | €10.07bn | €7.74bn | — | — |
| Total liabilities | €151.88bn | €148.80bn | €143.15bn | €139.39bn | €143.93bn | €124.13bn | €121.45bn | €113.62bn | €934.60bn | €824.03bn |
| Debt | — | — | — | — | €24.60bn | €10.22bn | €12.56bn | €12.82bn | €197.99bn | €169.59bn |
| Shareholders' equity | €12.92bn | €13.01bn | €12.56bn | €11.87bn | €11.27bn | €9.55bn | €9.63bn | €9.24bn | €57.56bn | €54.14bn |
| Shares outstanding | 952m | 952m | 1,056m | 1,069m | 1,076m | 1,074m | 1,072m | 952m | 952m | 952m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2019 | Sept 2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | €3.63bn | €4.83bn | €5.18bn | €4.82bn | €4.26bn | €1.65bn | €642.0m | €642.0m |
| Operating income | — | — | — | — | — | — | €215.5m | €215.5m |
| Net income | €572.0m | €613.0m | €843.0m | €695.0m | €791.0m | €426.5m | €95.5m | €95.5m |
| Diluted earnings per share | 0.58 | 0.61 | 0.81 | 0.66 | 0.74 | 0.39 | 0.09 | 0.09 |
| Total assets | €162.38bn | €161.81bn | €159.13bn | €155.71bn | €156.22bn | €156.22bn | €131.88bn | €131.88bn |
| Cash and short-term investments | — | — | — | — | — | — | €10.07bn | — |
| Debt | — | — | — | — | — | €14.00bn | €10.50bn | €10.50bn |
| Shareholders' equity | €13.06bn | €13.01bn | €12.61bn | €12.56bn | €12.06bn | €12.12bn | €9.63bn | €9.63bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2017 | FY2016 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 28.9% | -7.2% | 15.4% | 28.5% | 21.4% | 32.6% | — | — |
| Net margin | 28.5% | 34.3% | 35.5% | 27.2% | 17.2% | -17.0% | — | — | — | — | — | — |
| Return on equity | 9.3% | 11.8% | 12.7% | 7.5% | 9.3% | -7.8% | — | — | — | — | — | — |
| Return on assets | 0.7% | 0.9% | 1.0% | 0.6% | 0.7% | -0.6% | — | — | — | — | — | — |
| Revenue growth | -5.6% | -0.6% | 37.6% | -46.3% | 39.7% | -22.0% | — | — | — | — | — | — |
| Earnings growth | -21.6% | -4.0% | 79.4% | -15.2% | -241.2% | -292.2% | — | — | — | — | — | — |
| Current ratio | — | — | — | 0.42x | 1.22x | 1.16x | 1.20x | 1.21x | 1.24x | — | — | — |
| Debt to equity | — | — | — | — | — | — | 1.09x | 1.19x | 1.18x | 3.44x | 1.29x | 3.13x |
| Equity ratio | 7.8% | 8.0% | 8.1% | 7.8% | 7.3% | 7.1% | — | — | — | — | — | — |
| Interest coverage | — | — | — | — | 3.24x | -0.65x | 2.32x | 2.85x | 2.51x | — | 1.88x | — |
| Buybacks as a share of market value | 9.8% | — | 1.2% | 0.6% | -0.2% | -0.2% | -2015.4% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.9% | -0.7% | -17.5% |
| Net income | 10.5% | — | -15.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | 31.5% | 31.7% | 20.6% | 21.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.0 | 5.5 | 5.4 | 10.7 | 5.1 | -4.8 | 13.6 | 7.5 | 0.8 | 1.0 |
| Price to sales | 3.7 | 1.9 | 1.9 | 2.9 | 0.9 | 0.8 | 0.9 | 1.2 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 23 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.45 | 0.53 | 0.95 | 0.21 | 0.05 | 0.16 | 0.115 | 11.82 |
- 30-to-1 reverse split · 10 Jul 2017
- 1-to-1 reverse split · 23 Jul 2001
- 2-for-1 split · 19 Jul 1999
- 6-for-5 split · 15 Jul 1991
- 4-for-3 split · 17 Jul 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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