2.22
-3.48%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€21.60bn
FY2015FY2024
Net income
−€1.16bn
FY2015FY2024
Free cash flow
€340.3m
FY2015FY2024
Shareholders' equity
−€263.9m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €21.60bn | €23.99bn | €27.06bn | €19.84bn | €16.48bn | €17.06bn | €16.63bn | €16.06bn | €15.41bn | €14.93bn |
| Gross profit | €2.71bn | €2.78bn | €2.81bn | €2.25bn | €1.92bn | €1.78bn | €1.68bn | €1.58bn | €1.43bn | €1.44bn |
| Research and development | — | €1.8m | €1.0m | €1.3m | €700,000 | €400,000 | €400,000 | €255,000 | €157,000 | — |
| Operating income | −€1.04bn | €288.8m | €440.8m | €269.6m | €208.4m | €82.6m | €156.6m | €131.4m | €122.9m | €150.6m |
| Net income | −€1.16bn | −€98.1m | €168.1m | €70.7m | €35.9m | €61.1m | €32.3m | €39.3m | €31.1m | €48.2m |
| Diluted earnings per share | -31.97 | -2.74 | 4.69 | 1.98 | 1.01 | 1.73 | 0.92 | 1.12 | 0.90 | 1.39 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €10.85bn | €12.52bn | €13.90bn | €11.77bn | €8.95bn | €8.87bn | €7.51bn | €6.49bn | €6.47bn | €6.04bn |
| Cash and short-term investments | €776.6m | €234.3m | €222.7m | €400.4m | €169.6m | €231.0m | €122.5m | €107.5m | €106.4m | €86.4m |
| Total liabilities | €10.82bn | €10.81bn | €11.99bn | €9.96bn | €7.79bn | €7.51bn | €6.12bn | €5.05bn | €5.38bn | €4.96bn |
| Debt | €5.71bn | €6.49bn | €6.28bn | €5.12bn | €4.17bn | €4.39bn | €3.29bn | €2.49bn | €2.79bn | €2.54bn |
| Shareholders' equity | −€263.9m | €876.7m | €999.7m | €1.01bn | €828.8m | €1.02bn | €1.09bn | €1.11bn | €804.3m | €809.7m |
| Shares outstanding | 36m | 36m | 36m | 36m | 35m | 35m | 35m | 35m | 35m | 35m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €941.5m | €455.0m | −€337.2m | −€583.6m | €674.8m | −€212.0m | −€452.2m | −€170.2m | €208.6m | €19.0m |
| Capital spending | −€601.2m | −€541.6m | −€379.1m | −€239.0m | −€332.0m | −€292.1m | −€203.9m | −€177.3m | −€154.1m | −€174.5m |
| Free cash flow | €340.3m | −€86.6m | −€716.3m | −€822.6m | €342.8m | −€504.1m | −€656.1m | −€347.5m | €54.5m | −€155.5m |
| Dividends paid | −€20.4m | −€87.2m | −€82.4m | −€67.6m | −€59.5m | −€61.6m | −€58.2m | −€40.9m | −€35.7m | −€33.5m |
Latest quarters
By quarter end
| Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €3.43bn | €3.43bn | €5.29bn | €5.31bn | €5.53bn | €5.30bn | €5.77bn | €5.74bn |
| Gross profit | €513.1m | €513.1m | €659.6m | €656.5m | €9.4m | €655.7m | €746.0m | €746.4m |
| Operating income | €128.5m | €128.5m | −€755.1m | −€92.5m | −€130.9m | €59.6m | €71.3m | €36.9m |
| Net income | −€195.7m | −€195.7m | −€673.9m | −€332.2m | −€79.3m | −€69.8m | −€76.4m | −€22.2m |
| Diluted earnings per share | -5.47 | -5.47 | -18.65 | -9.19 | -2.19 | -1.93 | -2.13 | -0.62 |
| Cash from operations | −€105.0m | −€105.0m | €941.0m | — | €350.0m | — | — | €140.0m |
| Capital spending | −€64.0m | −€64.0m | — | — | — | — | — | — |
| Free cash flow | −€169.0m | −€169.0m | — | — | — | — | — | — |
| Total assets | €9.12bn | €9.12bn | €10.85bn | €12.02bn | €12.50bn | €12.94bn | €12.52bn | €12.90bn |
| Cash and short-term investments | €348.7m | €348.7m | €776.6m | €297.4m | €198.1m | €256.1m | €234.3m | €302.4m |
| Debt | €5.44bn | €742.0m | €5.71bn | €6.33bn | €6.51bn | €5.69bn | €5.51bn | €6.55bn |
| Shareholders' equity | −€606.4m | −€606.4m | −€263.9m | €392.1m | €741.3m | €797.1m | €876.7m | €980.7m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | 12.6% | 11.6% | 10.4% | 11.3% | 11.6% | 10.5% | — |
| Operating margin | — | -4.9% | 1.4% | 1.8% | 1.5% | 1.3% | 1.2% | — |
| Net margin | — | -5.3% | -0.4% | 0.6% | 0.4% | 0.2% | 0.4% | — |
| Return on equity | — | 437.7% | -11.2% | 16.8% | 7.0% | 4.3% | 6.0% | — |
| Return on assets | — | -10.6% | -0.8% | 1.2% | 0.6% | 0.4% | 0.7% | — |
| Free cash flow yield | — | 1816.9% | 1182.3% | 49.7% | -411.6% | 1210.3% | 96.7% | — |
| Revenue growth | — | -10.0% | -11.3% | 36.4% | 20.4% | -3.4% | 2.6% | — |
| Earnings growth | — | 1077.6% | -158.4% | 137.8% | 96.9% | -41.2% | 89.2% | — |
| Current ratio | — | 0.70x | 1.32x | 1.54x | 1.50x | 1.11x | 1.28x | — |
| Debt to equity | — | -18.17x | 6.29x | 5.36x | 4.20x | 4.11x | 3.60x | — |
| Equity ratio | — | -2.4% | 7.0% | 7.2% | 8.6% | 9.3% | 11.5% | — |
| Interest coverage | — | -2.07x | 0.90x | 2.46x | 2.22x | 1.66x | 1.65x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 1.0% | -0.7% | -0.1% | -0.6% | -0.6% | -0.4% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.9% | 4.8% | 3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.0% | 11.4% | 11.3% | 10.6% |
| Operating margin | -1.6% | -0.0% | 0.2% | 0.5% |
| Net margin | -2.7% | -1.1% | -0.7% | -0.3% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.2 | -6.6 | 5.3 | 11.2 | 18.8 | 5.3 | 7.3 | 9.3 | 11.3 | 6.7 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.10 | 1.05 | 1.00 | 0.95 | 0.90 | 0.90 | 0.85 | 0.85 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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