B 
89
+1.14%
Close of 6 Nov 2026, in ISK
At a glance
Figures in EUR, from our data supplier.
Revenue
€389.4m
FY2015FY2024
Net income
€40.5m
FY2015FY2024
Free cash flow
−€19.9m
FY2015FY2024
Shareholders' equity
€488.9m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €389.4m | €437.2m | €450.9m | €387.9m | €292.4m | €271.2m | €210.7m | €217.3m | €201.2m | €225.5m |
| Gross profit | €65.7m | €101.8m | €129.2m | €94.4m | €59.4m | €73.8m | €42.8m | €40.9m | €51.8m | €65.6m |
| Operating income | €45.8m | €79.5m | €101.3m | €97.5m | €42.4m | €49.6m | €30.1m | €29.6m | €29.3m | €46.2m |
| Net income | €40.5m | €62.9m | €79.3m | €75.2m | €29.4m | €34.0m | €32.2m | €24.8m | €26.2m | €44.5m |
| Diluted earnings per share | 0.02 | 0.03 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.03 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €996.0m | €949.7m | €942.9m | €795.9m | €765.0m | €700.7m | €667.1m | €498.1m | €450.0m | €395.4m |
| Cash and short-term investments | €52.1m | €34.2m | €162.0m | €76.9m | €21.6m | €53.5m | €38.3m | €17.6m | €7.3m | €11.2m |
| Total liabilities | €507.1m | €476.9m | €490.6m | €397.5m | €427.5m | €383.3m | €387.6m | €240.9m | €199.9m | €149.5m |
| Debt | €401.6m | €365.2m | €367.0m | €284.7m | €320.2m | €278.3m | €300.1m | €186.4m | €142.5m | €92.0m |
| Shareholders' equity | €488.9m | €472.8m | €452.3m | €398.4m | €337.5m | €317.4m | €279.5m | €257.2m | €250.1m | €245.8m |
| Shares outstanding | 1,925m | 1,925m | 1,925m | 1,921m | 1,913m | 1,835m | 1,790m | 1,773m | 1,822m | 1,780m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €46.1m | €46.4m | €79.0m | €82.5m | €43.1m | €56.7m | €32.8m | €28.9m | €25.0m | €44.5m |
| Capital spending | −€65.9m | −€53.7m | −€13.5m | −€3.7m | −€36.4m | −€18.8m | −€41.0m | −€54.7m | −€31.7m | −€45.2m |
| Free cash flow | −€19.9m | −€7.2m | €65.5m | €78.8m | €6.8m | €37.9m | −€8.2m | −€25.8m | −€6.6m | −€681,000 |
| Dividends paid | −€25.6m | −€36.0m | −€29.3m | −€15.5m | −€11.9m | −€13.4m | −€10.4m | −€16.3m | −€22.1m | −€18.6m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €121.3m | €114.5m | €111.4m | €82.4m | €101.4m | €105.2m | €110.0m | €79.7m |
| Gross profit | €33.9m | €22.0m | €40.7m | €11.5m | €20.1m | €18.2m | €31.1m | €9.4m |
| Operating income | €29.1m | €24.9m | €36.6m | €6.7m | €10.1m | €13.2m | €24.2m | €4.3m |
| Net income | €23.9m | €20.3m | €28.9m | €3.2m | €7.6m | €16.0m | €19.0m | €994,000 |
| Diluted earnings per share | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Cash from operations | €23.0m | €34.0m | −€2.0m | €2.0m | €22.0m | €23.0m | −€1.0m | €10.0m |
| Capital spending | — | −€1.0m | −€1.0m | −€5.0m | −€3.0m | −€4.0m | −€1.0m | −€57.0m |
| Free cash flow | — | €33.0m | −€3.0m | −€3.0m | €19.0m | €19.0m | −€2.0m | −€47.0m |
| Total assets | €1.01bn | €997.7m | €982.7m | €951.1m | €971.2m | €996.0m | €993.9m | €975.7m |
| Debt | — | €192.9m | — | — | — | €324.2m | — | — |
| Shareholders' equity | €519.0m | €521.3m | €504.8m | €476.6m | €477.1m | €488.9m | €467.5m | €451.0m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.8% | 16.9% | 23.3% | 32.3% | 24.3% | 25.5% |
| Operating margin | 21.0% | 11.8% | 18.1% | 23.3% | 19.8% | 14.5% |
| Net margin | 14.6% | 10.4% | 14.4% | 17.6% | 19.4% | 10.0% |
| Return on equity | 11.5% | 8.3% | 13.3% | 17.5% | 18.9% | 8.7% |
| Return on assets | 6.0% | 4.1% | 6.6% | 8.4% | 9.4% | 3.8% |
| Revenue growth | 5.2% | -10.9% | -3.0% | 16.2% | 32.7% | 7.8% |
| Earnings growth | 48.1% | -35.6% | -20.6% | 5.4% | 156.1% | -13.5% |
| Current ratio | 0.95x | 1.61x | 2.66x | 1.01x | 2.68x | 1.15x |
| Debt to equity | 0.37x | 0.66x | 0.71x | 0.30x | 0.65x | 0.76x |
| Equity ratio | 52.3% | 49.1% | 49.8% | 48.0% | 50.1% | 44.1% |
| Interest coverage | 4.76x | 1.98x | 4.10x | 11.86x | 10.12x | 5.56x |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.1% | 7.5% | 6.1% |
| Operating income | -22.2% | -1.6% | 3.2% |
| Net income | -18.6% | 3.6% | 1.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.3% | 23.5% | 23.5% | 23.8% |
| Operating margin | 15.2% | 19.5% | 18.7% | 17.7% |
| Net margin | 12.5% | 15.5% | 14.4% | 14.7% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 24.5 | 17.8 | 15.3 | 13.9 | 22.7 | 14.7 | 13.0 | 17.4 | 12.6 | 11.4 |
| Price to sales | 2.5 | 2.6 | 2.7 | 2.7 | 2.3 | 1.8 | 2.0 | 2.0 | 1.6 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 21 Mar 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.02 | 0.028 | 0.021 | 0.012 | 0.01 | 0.01 | 0.007 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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