C 
236.60p
+0.85%
Close of 9 Nov 2026, in pence
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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
€6.95bn
FY2021FY2025
Net income
−€47.0m
FY2021FY2025
Free cash flow
€412.0m
FY2021FY2025
Shareholders' equity
€3.57bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | €6.95bn | €6.45bn | €6.22bn | €6.01bn | €5.87bn |
| Gross profit | €3.07bn | €2.55bn | €2.50bn | €2.46bn | €2.44bn |
| Operating income | €250.0m | €119.0m | €426.0m | €391.0m | €355.0m |
| Net income | −€47.0m | −€147.0m | −€61.0m | €141.0m | €119.0m |
| Diluted earnings per share | -0.05 | -0.15 | -0.06 | 0.14 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | €12.29bn | €9.37bn | €8.91bn | €8.60bn | €7.68bn |
| Cash and short-term investments | €830.0m | €378.0m | €429.0m | €284.0m | €212.0m |
| Total liabilities | €8.64bn | €4.32bn | €7.77bn | €7.42bn | €6.71bn |
| Debt | €3.34bn | €951.0m | €4.45bn | €3.89bn | €3.21bn |
| Shareholders' equity | €3.57bn | €4.79bn | €894.0m | €970.0m | €767.0m |
| Shares outstanding | 991m | 992m | 992m | 985m | 985m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | €709.0m | €413.0m | €500.0m | €405.0m | €654.0m |
| Capital spending | −€297.0m | −€282.0m | −€301.0m | −€336.0m | −€370.0m |
| Free cash flow | €412.0m | €131.0m | €199.0m | €69.0m | €284.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €2.14bn | €2.14bn | €3.86bn | €1.53bn | €1.52bn | €1.00bn | €1.62bn | €3.21bn |
| Gross profit | €1.04bn | €1.04bn | €1.73bn | €646.8m | €640.7m | €635.9m | €632.9m | €638.9m |
| Operating income | €182.5m | €182.5m | €102.9m | €70.5m | €69.9m | €135.8m | €25.9m | €292.7m |
| Net income | €14.5m | €14.5m | −€116.8m | €34.8m | €34.4m | −€172.3m | −€84.6m | €23.1m |
| Diluted earnings per share | 0.01 | 0.01 | -0.12 | 0.04 | 0.03 | -0.17 | -0.09 | 0.02 |
| Cash from operations | €114.0m | €114.0m | €152.0m | €275.0m | €275.0m | €72.0m | €49.0m | €298.0m |
| Capital spending | −€64.0m | −€64.0m | −€161.0m | −€69.0m | −€69.0m | −€149.0m | −€75.0m | −€132.0m |
| Free cash flow | €50.0m | €50.0m | −€9.0m | €206.0m | €206.0m | −€77.0m | −€26.0m | €166.0m |
| Total assets | €12.20bn | €12.20bn | €13.31bn | €8.89bn | €8.89bn | €9.37bn | €9.37bn | €9.12bn |
| Cash and short-term investments | €951.0m | €952.0m | €831.0m | €582.0m | €582.0m | €378.0m | €378.0m | €405.0m |
| Debt | €3.18bn | €160.0m | €2.94bn | €356.0m | €356.0m | €780.0m | €373.0m | €1.25bn |
| Shareholders' equity | €3.59bn | €3.59bn | €3.58bn | €4.83bn | €4.83bn | €4.79bn | €4.79bn | €4.36bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 44.2% | 39.6% | 40.1% | 41.0% | 41.5% | — |
| Operating margin | 3.6% | 1.8% | 4.5% | 6.0% | 5.9% | — |
| Net margin | -0.7% | -2.3% | -1.0% | 2.3% | 2.0% | — |
| Return on equity | -1.3% | -3.1% | -6.8% | 14.5% | 15.5% | — |
| Return on assets | -0.4% | -1.6% | -0.7% | 1.6% | 1.6% | — |
| Free cash flow yield | 0.4% | 0.3% | 0.3% | — | — | — |
| Revenue growth | 7.8% | 3.6% | 3.5% | 2.4% | — | — |
| Earnings growth | -68.0% | 141.0% | -143.3% | 18.5% | — | — |
| Current ratio | 0.81x | 0.89x | 0.41x | 0.45x | 0.46x | 0.43x |
| Debt to equity | 0.83x | 0.16x | 4.77x | 3.79x | 3.93x | 4.76x |
| Equity ratio | 29.0% | 51.1% | 10.0% | 11.3% | 10.0% | 8.9% |
| Interest coverage | 2.59x | 2.02x | 1.52x | 8.73x | 11.16x | — |
| Buybacks as a share of market value | 0.1% | 0.0% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.6% | — | — |
| Operating income | -13.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.0% | 41.3% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -65.1 | -15.8 |
| Price to sales | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 25 Jun 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.04 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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