19.36
-0.72%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€1.40bn
FY2016FY2025
Net income
€107.1m
FY2016FY2025
Free cash flow
€87.3m
FY2016FY2025
Shareholders' equity
€1.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €1.40bn | €1.24bn | €1.13bn | €958.5m | €240.6m | €615.6m | €854.0m | €801.2m | €755.9m | €720.2m |
| Operating income | €191.3m | €158.2m | €139.6m | €169.5m | −€124.4m | −€105.9m | €105.1m | €97.0m | €98.9m | €73.1m |
| Net income | €107.1m | €92.4m | €90.4m | €114.4m | −€121.7m | −€104.3m | €62.2m | €57.2m | €31.3m | €33.4m |
| Diluted earnings per share | 2.11 | 1.83 | 1.77 | 2.27 | -2.42 | -3.02 | 1.81 | 2.34 | 1.28 | 1.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €3.24bn | €3.10bn | €2.54bn | €2.29bn | €2.25bn | €1.99bn | €1.84bn | €1.66bn | €1.58bn | €1.51bn |
| Cash and short-term investments | €160.7m | €234.3m | €111.5m | €304.1m | €350.0m | €16.6m | €22.5m | €31.7m | €47.8m | €34.9m |
| Total liabilities | €2.08bn | €2.01bn | €1.48bn | €1.27bn | €1.36bn | €1.20bn | €915.4m | €782.2m | €747.4m | €700.1m |
| Debt | €1.51bn | €1.50bn | €1.01bn | €844.5m | €1.01bn | €841.2m | €560.0m | €433.9m | €427.3m | €405.1m |
| Shareholders' equity | €1.09bn | €1.03bn | €1.01bn | €970.8m | €846.0m | €740.5m | €867.5m | €823.3m | €777.4m | €755.3m |
| Shares outstanding | 51m | 51m | 51m | 50m | 50m | 35m | 34m | 24m | 24m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €348.7m | €341.1m | €259.8m | €358.6m | €77.7m | €100.7m | €199.5m | €198.4m | €182.0m | €185.7m |
| Capital spending | −€261.4m | −€270.1m | −€246.1m | −€191.4m | −€146.5m | −€163.5m | −€213.0m | −€186.1m | −€162.0m | −€159.0m |
| Free cash flow | €87.3m | €71.0m | €13.6m | €167.2m | −€68.7m | −€62.8m | −€13.5m | €12.2m | €20.0m | €26.7m |
| Dividends paid | −€50.6m | −€46.0m | −€41.9m | −€31,000 | −€1,000 | −€17.1m | −€15.9m | −€12.2m | −€9.7m | −€9.7m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €882.7m | €547.9m | €849.5m | €478.1m | €761.1m | €447.0m | €678.5m | €417.3m |
| Operating income | €206.0m | −€14.2m | €205.5m | −€27.8m | €186.0m | −€16.4m | €149.7m | €4.4m |
| Net income | €144.5m | −€27.2m | €134.3m | −€35.3m | €127.7m | −€17.3m | €107.6m | €1.7m |
| Diluted earnings per share | 2.85 | -0.53 | 2.64 | -0.70 | 2.52 | -0.34 | 2.11 | 0.03 |
| Cash from operations | €399.0m | −€36.0m | €384.0m | −€56.0m | €368.0m | −€61.0m | €302.0m | €35.0m |
| Capital spending | −€138.0m | −€124.0m | −€70.0m | −€138.0m | −€125.0m | −€143.0m | −€102.0m | −€125.0m |
| Free cash flow | €261.0m | −€160.0m | €314.0m | −€194.0m | €243.0m | −€204.0m | €200.0m | −€90.0m |
| Total assets | €3.41bn | €3.24bn | €3.19bn | €3.10bn | €2.91bn | €2.54bn | €2.80bn | €2.29bn |
| Cash and short-term investments | €134.3m | €160.7m | €214.2m | €234.3m | €401.7m | €111.5m | €410.0m | €304.1m |
| Debt | €819.2m | €1.47bn | €1.30bn | €1.47bn | €1.12bn | €700.5m | €1.04bn | €842.4m |
| Shareholders' equity | €1.18bn | €1.09bn | €1.12bn | €1.03bn | €1.09bn | €1.01bn | €1.02bn | €970.8m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 13.7% | 13.2% | 12.7% | 17.4% | -55.1% | -18.1% |
| Net margin | 7.7% | 7.5% | 8.0% | 11.9% | -50.6% | -16.9% |
| Return on equity | 9.8% | 8.9% | 8.9% | 11.8% | -14.4% | -14.1% |
| Return on assets | 3.3% | 3.0% | 3.6% | 5.0% | -5.4% | -5.2% |
| Free cash flow yield | 63.1% | 63.6% | 52.2% | 57.4% | 23.4% | 40.3% |
| Revenue growth | 12.8% | 10.1% | 17.4% | 298.4% | -60.9% | -27.9% |
| Earnings growth | 15.9% | 2.3% | -21.0% | -194.0% | 16.6% | -267.6% |
| Current ratio | 0.39x | 0.52x | 0.38x | 0.83x | 1.30x | 0.48x |
| Debt to equity | 0.91x | 0.99x | 0.69x | 0.67x | 1.02x | 0.91x |
| Equity ratio | 33.8% | 33.4% | 40.0% | 42.4% | 37.7% | 37.2% |
| Interest coverage | 3.90x | 3.74x | 4.64x | 10.23x | -6.52x | -8.88x |
| Buybacks as a share of market value | -0.5% | 0.9% | -1.3% | -0.1% | -45.9% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.4% | 17.8% | 7.2% |
| Operating income | 4.1% | — | 11.1% |
| Net income | -2.2% | — | 13.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 13.3% | 13.9% | 7.7% | 9.2% |
| Net margin | 7.6% | 8.6% | 3.2% | 4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.0 | 8.3 | 8.0 | 6.3 | -5.7 | -4.5 | 11.7 | 7.5 | 18.1 | 9.8 |
| Price to sales | 0.9 | 0.6 | 0.6 | 0.8 | 2.9 | 0.8 | 0.8 | 0.5 | 0.8 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 23 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.10 | 2.09 | 0.80 | 0.83 | 0.497 | 0.461 | 0.355 | 0.284 |
- 2-for-1 split · 25 May 2007
- 1-to-1 reverse split · 11 Jan 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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