B 
10.00
+1.01%
Close of 9 Nov 2026, in EUR
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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
€3.72bn
FY2016FY2025
Net income
€209.3m
FY2016FY2025
Free cash flow
€170.2m
FY2016FY2025
Shareholders' equity
€2.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €3.72bn | €3.86bn | €3.85bn | €3.64bn | €2.79bn | €2.22bn | €2.60bn | €2.64bn | €2.46bn | €2.28bn |
| Research and development | — | — | €25.9m | €23.1m | €19.6m | €16.4m | €12.8m | — | — | — |
| Operating income | €327.2m | €379.0m | €397.0m | €382.8m | €288.0m | €181.1m | €318.5m | €345.1m | €346.3m | €327.5m |
| Net income | €209.3m | €262.6m | €305.0m | €292.8m | €215.5m | €136.5m | €231.3m | €238.3m | €263.4m | €240.6m |
| Diluted earnings per share | 0.66 | 0.82 | 0.94 | 0.90 | 0.67 | 0.42 | 0.70 | 0.73 | 0.80 | 0.74 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €4.79bn | €4.63bn | €4.17bn | €3.85bn | €3.68bn | €3.17bn | €2.74bn | €2.53bn | €2.30bn | €1.96bn |
| Cash and short-term investments | — | — | €510.1m | €415.9m | €557.5m | €552.3m | €304.8m | €345.1m | €300.8m | €245.7m |
| Total liabilities | €2.46bn | €2.30bn | €2.07bn | €1.90bn | €1.89bn | €1.69bn | €1.35bn | €1.30bn | €1.24bn | €1.08bn |
| Debt | €649.6m | €1.24bn | €931.1m | €946.9m | €972.0m | €934.3m | €651.8m | €481.5m | €519.7m | €442.3m |
| Shareholders' equity | €2.29bn | €2.29bn | €2.07bn | €1.91bn | €1.76bn | €1.45bn | €1.36bn | €1.20bn | €1.04bn | €857.9m |
| Shares outstanding | 318m | 319m | 324m | 324m | 324m | 324m | 330m | 326m | 329m | 326m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €581.7m | €425.5m | €659.5m | €341.5m | €413.8m | €333.4m | €306.6m | €447.6m | €383.8m | €360.9m |
| Capital spending | −€411.5m | −€411.1m | −€412.8m | −€283.9m | −€242.0m | −€190.3m | −€251.8m | −€287.7m | −€360.7m | −€263.6m |
| Free cash flow | €170.2m | €14.4m | €246.7m | €57.6m | €171.8m | €143.1m | €54.9m | €159.9m | €23.1m | €97.3m |
| Dividends paid | −€95.7m | −€95.7m | −€90.8m | −€87.4m | −€71.1m | −€71.1m | −€71.5m | −€71.5m | −€65.0m | −€52.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €982.2m | €945.8m | €899.2m | €933.4m | €926.4m | €963.3m | €901.5m | €944.9m |
| Operating income | €86.1m | €82.2m | €77.6m | €92.7m | €75.1m | €81.8m | €89.0m | €77.1m |
| Net income | €60.7m | €56.9m | €46.5m | €65.0m | €46.7m | €51.1m | €65.4m | €40.9m |
| Diluted earnings per share | 0.19 | 0.18 | 0.15 | 0.20 | 0.15 | 0.16 | 0.21 | 0.13 |
| Cash from operations | €106.0m | €52.0m | — | — | €492.0m | −€398.0m | €222.0m | €63.0m |
| Capital spending | — | — | −€132.0m | −€92.0m | — | — | −€161.0m | −€80.0m |
| Free cash flow | — | — | — | — | — | — | €61.0m | −€17.0m |
| Total assets | €4.96bn | — | €4.79bn | — | €4.64bn | — | €4.63bn | €4.38bn |
| Debt | €732.2m | €946.4m | €649.6m | €875.1m | €741.7m | €810.6m | €574.4m | €499.5m |
| Shareholders' equity | €2.34bn | €2.37bn | €2.29bn | €2.23bn | €2.17bn | €2.32bn | €2.29bn | €2.18bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 8.8% | 10.8% | 10.4% | 10.3% | 10.3% | 7.4% | — | — |
| Net margin | 5.7% | 6.8% | 7.9% | 8.0% | 7.7% | 6.2% | — | — |
| Return on equity | 9.1% | 11.4% | 14.8% | 15.3% | 12.2% | 9.4% | — | — |
| Return on assets | 4.4% | 5.7% | 7.3% | 7.6% | 5.9% | 4.3% | — | — |
| Free cash flow yield | 30.7% | 25.7% | 32.4% | 18.9% | 19.8% | 15.8% | — | — |
| Revenue growth | -4.0% | -0.6% | 6.6% | 30.7% | 25.8% | -14.8% | — | — |
| Earnings growth | -20.3% | -13.9% | 4.2% | 35.9% | 57.9% | -41.0% | — | — |
| Current ratio | 1.29x | 1.55x | 1.38x | 1.46x | 1.56x | 1.67x | — | — |
| Debt to equity | 0.54x | 0.48x | 0.41x | 0.42x | 0.44x | 0.52x | — | — |
| Equity ratio | 47.9% | 49.6% | 49.5% | 49.8% | 47.9% | 45.7% | — | — |
| Interest coverage | 6.46x | 8.18x | 9.26x | 20.11x | 21.66x | 8.52x | — | — |
| R&D as a share of sales | — | — | 0.7% | 0.6% | 0.7% | 0.7% | 0.5% | 0.5% |
| Buybacks as a share of market value | 0.7% | 1.6% | -0.2% | 0.0% | 0.0% | 2.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.7% | 10.9% | 6.0% |
| Operating income | -5.1% | 12.6% | 2.7% |
| Net income | -10.6% | 8.9% | 1.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.3% | 9.9% | 9.7% | 11.0% |
| Net margin | 6.2% | 7.1% | 7.1% | 8.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.3 | 11.0 | 11.8 | 11.6 | 18.8 | 25.6 | 15.8 | 12.2 | 15.8 | 15.6 |
| Price to sales | 0.8 | 0.8 | 0.9 | 0.9 | 1.5 | 1.6 | 1.4 | 1.1 | 1.7 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 18 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.30 | 0.30 | 0.28 | 0.27 | 0.22 | 0.22 | 0.22 |
- 5-for-1 split · 29 May 2017
- 5-for-4 split · 29 Jul 2002
- 1-to-1 reverse split · 20 Nov 2001
- 5-for-4 split · 22 May 2000
- 5-for-4 split · 22 Sept 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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