B 
11.06
+0.36%
Close of 9 Nov 2026, in DKK
Search any instrument
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 2.47bn
FY2017FY2026
Net income
−DKK 107.0m
FY2017FY2026
Free cash flow
DKK 47.0m
FY2017FY2026
Shareholders' equity
DKK 1.01bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 2.47bn | DKK 2.55bn | DKK 2.59bn | DKK 2.75bn | DKK 2.95bn | DKK 2.63bn | DKK 2.04bn | DKK 2.84bn | DKK 3.29bn | DKK 2.95bn |
| Gross profit | DKK 1.34bn | DKK 1.40bn | DKK 1.38bn | DKK 1.22bn | DKK 1.34bn | DKK 1.14bn | DKK 838.0m | DKK 1.38bn | DKK 1.34bn | DKK 1.13bn |
| Research and development | DKK 340.0m | DKK 340.0m | DKK 286.0m | DKK 301.0m | DKK 279.0m | DKK 258.0m | DKK 273.0m | DKK 321.0m | DKK 400.9m | DKK 408.9m |
| Operating income | −DKK 7.0m | DKK 16.0m | DKK 18.0m | −DKK 124.0m | DKK 46.0m | DKK 19.0m | −DKK 347.0m | DKK 59.0m | DKK 122.1m | −DKK 129.0m |
| Net income | −DKK 107.0m | −DKK 29.0m | −DKK 17.0m | −DKK 141.0m | −DKK 30.0m | −DKK 23.0m | −DKK 576.0m | DKK 19.0m | DKK 81.0m | −DKK 116.5m |
| Diluted earnings per share | -0.64 | -0.22 | -0.10 | -1.17 | -0.25 | -0.23 | -4.80 | 0.21 | 0.85 | -1.19 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 2.22bn | DKK 2.34bn | DKK 2.30bn | DKK 2.38bn | DKK 2.52bn | DKK 2.28bn | DKK 1.78bn | DKK 2.46bn | DKK 2.92bn | DKK 2.85bn |
| Cash and short-term investments | DKK 374.0m | DKK 525.0m | DKK 565.0m | DKK 610.0m | DKK 577.0m | DKK 613.0m | DKK 215.0m | DKK 492.0m | DKK 1.15bn | DKK 1.08bn |
| Total liabilities | DKK 1.22bn | DKK 1.20bn | DKK 1.34bn | DKK 1.43bn | DKK 1.42bn | DKK 1.14bn | DKK 944.0m | DKK 1.04bn | DKK 1.21bn | DKK 1.26bn |
| Debt | DKK 616.0m | DKK 391.0m | DKK 599.0m | DKK 591.0m | DKK 472.0m | DKK 226.0m | DKK 248.0m | DKK 72.0m | DKK 170.1m | DKK 179.3m |
| Shareholders' equity | DKK 1.01bn | DKK 1.14bn | DKK 956.0m | DKK 958.0m | DKK 1.10bn | DKK 1.13bn | DKK 832.0m | DKK 1.42bn | DKK 1.71bn | DKK 1.59bn |
| Shares outstanding | 166m | 133m | 170m | 121m | 120m | 100m | 120m | 91m | 95m | 98m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 104.0m | DKK 256.0m | DKK 226.0m | DKK 198.0m | DKK 76.0m | DKK 297.0m | −DKK 80.0m | −DKK 131.0m | DKK 247.7m | DKK 352.3m |
| Capital spending | −DKK 57.0m | −DKK 239.0m | −DKK 218.0m | −DKK 223.0m | −DKK 249.0m | −DKK 184.0m | −DKK 181.0m | −DKK 154.0m | −DKK 166.9m | −DKK 241.8m |
| Free cash flow | DKK 47.0m | DKK 17.0m | DKK 8.0m | −DKK 25.0m | −DKK 173.0m | DKK 113.0m | −DKK 261.0m | −DKK 285.0m | DKK 80.8m | DKK 110.5m |
Latest quarters
By quarter end
| May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 637.5m | DKK 637.5m | DKK 676.0m | DKK 596.5m | DKK 680.0m | DKK 631.0m | DKK 698.0m | DKK 544.0m |
| Gross profit | DKK 374.5m | DKK 374.5m | DKK 391.0m | DKK 347.5m | DKK 378.0m | DKK 351.0m | DKK 374.0m | DKK 301.0m |
| Operating income | DKK 20.5m | DKK 20.5m | −DKK 35.0m | −DKK 38.0m | DKK 3.0m | DKK 25.0m | DKK 8.0m | −DKK 20.0m |
| Net income | −DKK 8.5m | −DKK 8.5m | −DKK 53.0m | −DKK 45.0m | −DKK 6.0m | DKK 7.0m | −DKK 13.0m | −DKK 17.0m |
| Diluted earnings per share | -0.05 | -0.05 | -0.40 | -0.34 | -0.05 | 0.05 | -0.08 | -0.10 |
| Cash from operations | DKK 69.0m | DKK 69.0m | DKK 42.0m | −DKK 17.0m | DKK 92.0m | DKK 77.0m | DKK 84.0m | DKK 3.0m |
| Capital spending | −DKK 10.0m | −DKK 10.0m | −DKK 74.0m | −DKK 18.0m | −DKK 86.0m | −DKK 59.0m | −DKK 54.0m | −DKK 40.0m |
| Free cash flow | DKK 59.0m | DKK 59.0m | −DKK 32.0m | −DKK 35.0m | DKK 6.0m | DKK 18.0m | DKK 30.0m | −DKK 37.0m |
| Total assets | DKK 2.22bn | DKK 2.22bn | DKK 2.29bn | — | DKK 2.34bn | DKK 2.17bn | DKK 2.22bn | DKK 2.18bn |
| Cash and short-term investments | DKK 374.0m | DKK 374.0m | DKK 377.0m | DKK 525.0m | DKK 525.0m | DKK 512.0m | DKK 474.0m | DKK 519.0m |
| Debt | DKK 353.0m | DKK 353.0m | DKK 369.0m | — | DKK 287.0m | DKK 243.0m | DKK 419.0m | DKK 480.0m |
| Shareholders' equity | DKK 1.01bn | DKK 1.01bn | DKK 1.03bn | DKK 1.14bn | DKK 1.14bn | DKK 1.17bn | DKK 942.0m | DKK 940.0m |
Financial ratios
Data as of 2 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 54.5% | 55.0% | 53.3% | 44.1% | 45.3% | 43.3% |
| Operating margin | -0.3% | 2.9% | 1.9% | -4.2% | 0.5% | -0.4% |
| Net margin | -4.3% | -1.1% | -0.7% | -5.1% | -1.0% | -0.9% |
| Return on equity | -10.6% | -2.5% | -1.8% | -14.7% | -2.7% | -2.0% |
| Return on assets | -4.8% | -1.2% | -0.7% | -5.9% | -1.2% | -1.0% |
| Free cash flow yield | 9.2% | 35.4% | 24.8% | 33.0% | 25.8% | 45.6% |
| Revenue growth | -3.3% | -1.4% | -6.0% | -6.6% | 12.1% | 29.1% |
| Earnings growth | 269.0% | 70.6% | -87.9% | 370.0% | 30.4% | -96.0% |
| Current ratio | 1.34x | 1.48x | 1.30x | 1.29x | 1.48x | 1.80x |
| Debt to equity | 0.39x | 0.25x | 0.50x | 0.50x | 0.34x | 0.13x |
| Equity ratio | 45.3% | 48.9% | 41.6% | 40.2% | 43.7% | 49.8% |
| Interest coverage | -0.10x | 1.03x | 0.88x | -3.22x | 0.64x | -0.43x |
| R&D as a share of sales | 13.8% | 13.3% | 11.1% | 10.9% | 9.5% | 9.8% |
| Buybacks as a share of market value | -25.3% | 22.1% | -40.5% | -1.1% | -19.6% | 16.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.5% | -1.2% | -0.6% |
| Operating income | -61.6% | — | -28.6% |
| Net income | -8.8% | 36.0% | -6.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 54.7% | 51.6% | 49.0% | 45.3% |
| Operating margin | 0.2% | -0.9% | -0.2% | -1.8% |
| Net margin | -2.7% | -2.8% | -2.2% | -3.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.0 | -62.1 | -93.9 | -8.3 | -32.7 | -121.3 | -7.0 | 75.2 | 46.6 | -56.1 |
| Price to sales | 0.7 | 0.7 | 0.6 | 0.4 | 0.3 | 1.1 | 2.0 | 0.5 | 1.1 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Sept 2008.
| FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.657 | 4.379 | 3.503 | 2.627 | 1.533 | 1.533 | 0.766 | 0.766 |
- 10-for-1 split · 11 Oct 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.