B 
38.72
+3.75%
Close of 9 Nov 2026, in USD
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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
€2.43bn
FY2020FY2025
Net income
€403.1m
FY2020FY2025
Free cash flow
€333.6m
FY2020FY2025
Shareholders' equity
€3.15bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | €2.43bn | €2.09bn | €1.73bn | €1.44bn | €1.11bn | €843.1m |
| Gross profit | €1.43bn | €1.23bn | €1.07bn | €867.7m | €631.4m | €301.2m |
| Operating income | €635.9m | €487.3m | €301.7m | €420.1m | €266.4m | −€49.4m |
| Net income | €403.1m | €221.7m | €86.8m | €216.5m | €134.7m | −€122.9m |
| Diluted earnings per share | 2.15 | 1.18 | 0.46 | 1.18 | 0.74 | -0.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | €5.72bn | €5.65bn | €5.59bn | €5.54bn | €4.94bn | €929.9m |
| Cash and short-term investments | €394.4m | €426.3m | €408.9m | €355.3m | €272.3m | €111.3m |
| Total liabilities | €2.57bn | €2.62bn | €2.81bn | €2.81bn | €2.55bn | €457.5m |
| Debt | €1.34bn | €1.35bn | €1.95bn | €2.08bn | €1.92bn | €220.4m |
| Shareholders' equity | €3.15bn | €3.04bn | €2.78bn | €2.73bn | €2.39bn | €460.7m |
| Shares outstanding | 187m | 188m | 188m | 183m | 183m | 188m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | €431.9m | €496.1m | €415.1m | €270.9m | €209.4m | €224.0m |
| Capital spending | −€98.3m | −€85.5m | −€119.1m | −€84.0m | −€25.2m | −€25.9m |
| Free cash flow | €333.6m | €410.6m | €296.0m | €186.9m | €184.2m | €198.2m |
| Dividends paid | — | — | — | — | −€180.6m | −€116.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €846.4m | €727.3m | €465.1m | €609.1m | €734.9m | €664.6m | €361.7m | €527.4m |
| Gross profit | €472.0m | €365.2m | €259.1m | €354.1m | €444.4m | €383.7m | €218.0m | €311.0m |
| Operating income | €243.4m | €190.9m | €90.6m | €129.8m | €229.1m | €202.9m | €64.0m | €112.9m |
| Net income | €128.9m | €96.3m | €58.5m | €108.6m | €149.5m | €121.6m | €20.1m | €60.7m |
| Diluted earnings per share | 0.71 | 0.53 | 0.31 | 0.58 | 0.80 | 0.65 | 0.11 | 0.32 |
| Cash from operations | €264.0m | €27.0m | −€32.0m | €199.0m | €301.0m | −€21.0m | −€13.0m | €165.0m |
| Capital spending | −€30.0m | −€25.0m | −€42.0m | −€31.0m | −€25.0m | −€21.0m | −€21.0m | −€21.0m |
| Free cash flow | €234.0m | €2.0m | −€74.0m | €168.0m | €276.0m | −€42.0m | −€34.0m | €144.0m |
| Total assets | €6.55bn | €5.98bn | €5.73bn | €5.72bn | €5.68bn | €5.82bn | €5.79bn | €5.65bn |
| Cash and short-term investments | €802.3m | €233.4m | €265.3m | €394.4m | €303.0m | €272.4m | €345.5m | €426.3m |
| Debt | €66.0m | €1.35bn | €1.37bn | €1.34bn | €1.41bn | €1.44bn | €1.44bn | €1.40bn |
| Shareholders' equity | €3.24bn | €3.35bn | €3.21bn | €3.15bn | €3.05bn | €3.23bn | €3.18bn | €3.04bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 59.1% | 58.8% | 62.1% | 60.3% | 56.7% | 35.7% |
| Operating margin | 26.0% | 22.3% | 18.6% | 26.8% | 23.9% | -5.9% |
| Net margin | 16.6% | 10.6% | 5.0% | 15.1% | 12.1% | -14.6% |
| Return on equity | 12.8% | 7.3% | 3.1% | 7.9% | 5.6% | -26.7% |
| Return on assets | 7.0% | 3.9% | 1.6% | 3.9% | 2.7% | -13.2% |
| Free cash flow yield | 7.3% | 8.0% | 7.3% | 5.0% | 3.3% | — |
| Revenue growth | 16.2% | 21.0% | 20.0% | 29.2% | 32.1% | — |
| Earnings growth | 81.8% | 155.4% | -59.9% | 60.7% | -209.6% | — |
| Current ratio | 2.81x | 2.60x | 2.85x | 2.96x | 2.79x | 2.24x |
| Debt to equity | 0.43x | 0.46x | 0.78x | 0.85x | 0.89x | 0.30x |
| Equity ratio | 55.1% | 53.7% | 49.7% | 49.2% | 48.4% | 49.6% |
| Interest coverage | 7.22x | 3.71x | 2.25x | 4.03x | 2.89x | -0.49x |
| Buybacks as a share of market value | 0.3% | -0.0% | -2.8% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.5% | 25.8% | — |
| Operating income | 14.8% | — | — |
| Net income | 23.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 59.0% | 59.9% | 57.4% | — |
| Operating margin | 24.9% | 24.0% | 21.4% | — |
| Net margin | 13.8% | 12.1% | 9.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 19.0 | 41.5 | 91.2 |
| Price to sales | 3.3 | 4.8 | 5.0 |
Market value over time
31 Oct 2023 to 9 Oct 2026, in EUR
€7.35bn€6.11bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Return | -28% | 17% | 22% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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