4.53
0.00%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€23.07bn
FY2016FY2025
Net income
−€35.0m
FY2016FY2025
Free cash flow
€689.0m
FY2016FY2025
Shareholders' equity
€486.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €23.07bn | €22.44bn | €22.24bn | €21.77bn | €21.36bn | €20.83bn | €21.45bn | €21.42bn | €22.16bn | €58.42bn |
| Gross profit | €3.48bn | €3.96bn | €3.94bn | €1.71bn | €1.67bn | €1.83bn | €2.13bn | €2.26bn | €2.31bn | €5.84bn |
| Research and development | — | — | — | — | — | — | — | — | — | €21.0m |
| Operating income | €308.0m | €334.0m | €114.0m | €155.0m | €377.0m | −€50.0m | €289.0m | €387.0m | €334.0m | €1.51bn |
| Net income | −€35.0m | €76.0m | −€39.0m | €126.0m | €232.0m | −€218.0m | €122.0m | −€212.0m | €1.10bn | €599.0m |
| Diluted earnings per share | -0.07 | 0.15 | -0.08 | 0.25 | 0.65 | -0.61 | 0.34 | -0.59 | 3.37 | 1.84 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €10.79bn | €10.13bn | €9.63bn | €10.00bn | €10.67bn | €10.46bn | €8.10bn | €8.47bn | €8.28bn | €24.95bn |
| Cash and short-term investments | €1.21bn | €1.15bn | €897.0m | €910.0m | €1.86bn | €1.64bn | €1.20bn | €1.54bn | €1.60bn | €2.83bn |
| Total liabilities | €10.30bn | €9.62bn | €9.17bn | €9.41bn | €9.91bn | €9.91bn | €7.32bn | €7.81bn | €7.61bn | €19.62bn |
| Debt | €2.54bn | €2.63bn | €2.58bn | €2.77bn | €2.87bn | €2.42bn | €302.0m | €361.0m | €545.0m | €4.76bn |
| Shareholders' equity | €486.0m | €516.0m | €463.0m | €590.0m | €713.0m | €487.0m | €762.0m | €686.0m | €669.0m | €5.32bn |
| Shares outstanding | 503m | 510m | 507m | 508m | 359m | 356m | 362m | 357m | 327m | 326m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €879.0m | €838.0m | €1.00bn | €219.0m | €450.0m | €1.17bn | €86.0m | €684.0m | €758.0m | €1.55bn |
| Capital spending | −€190.0m | −€193.0m | −€176.0m | −€206.0m | −€141.0m | −€112.0m | −€154.0m | −€248.0m | −€231.0m | −€902.0m |
| Free cash flow | €689.0m | €645.0m | €828.0m | €13.0m | €309.0m | €1.05bn | −€68.0m | €436.0m | €527.0m | €650.0m |
| Dividends paid | −€2.0m | −€5.0m | −€3.0m | −€167.0m | −€21.0m | −€24.0m | −€29.0m | −€85.0m | −€364.0m | −€389.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €5.27bn | €5.47bn | €7.61bn | €5.45bn | €4.80bn | €5.25bn | €7.57bn | €5.21bn |
| Gross profit | €956.0m | €842.0m | €1.15bn | €393.0m | €856.0m | €955.0m | €1.28bn | €997.0m |
| Operating income | −€24.0m | −€57.0m | €242.0m | €45.0m | −€56.0m | −€47.0m | €185.0m | €75.0m |
| Net income | −€66.0m | −€92.0m | €181.0m | −€31.0m | −€114.0m | −€38.0m | €148.0m | €7.0m |
| Diluted earnings per share | -0.14 | -0.20 | 0.36 | -0.06 | -0.23 | -0.08 | 0.29 | 0.01 |
| Cash from operations | €236.0m | −€1.45bn | €1.55bn | €557.0m | €249.0m | −€1.49bn | €1.69bn | €538.0m |
| Capital spending | −€33.0m | −€33.0m | −€47.0m | −€46.0m | −€38.0m | −€45.0m | −€61.0m | −€62.0m |
| Free cash flow | €203.0m | −€1.48bn | €1.50bn | €511.0m | €211.0m | −€1.53bn | €1.62bn | €476.0m |
| Total assets | €10.23bn | €10.39bn | €12.90bn | €10.79bn | €9.94bn | €10.09bn | €13.10bn | €10.13bn |
| Cash and short-term investments | €1.09bn | €1.10bn | €2.58bn | €1.21bn | €1.02bn | €931.0m | €2.49bn | €1.15bn |
| Debt | €803.0m | €759.0m | €2.57bn | €2.54bn | €2.58bn | €2.56bn | €2.59bn | €2.63bn |
| Shareholders' equity | €588.0m | €653.0m | €671.0m | €486.0m | €520.0m | €635.0m | €667.0m | €516.0m |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 15.1% | 17.6% | 17.7% | 7.9% | 7.8% | 8.8% | — | — | — | — | — |
| Operating margin | 0.8% | 1.5% | 0.6% | 0.7% | 1.1% | 1.0% | — | — | — | — | — |
| Net margin | -0.2% | 0.3% | -0.2% | 0.6% | 1.1% | -1.0% | — | — | — | — | — |
| Return on equity | -7.2% | 14.7% | -8.4% | 21.4% | 32.5% | -44.8% | — | — | — | — | — |
| Return on assets | -0.3% | 0.7% | -0.4% | 1.3% | 2.2% | -2.1% | — | — | — | — | — |
| Free cash flow yield | 47.9% | 45.6% | 52.5% | 18.9% | 37.1% | 81.0% | — | — | — | — | — |
| Revenue growth | 2.8% | 0.9% | 2.2% | 1.9% | 2.5% | -2.9% | — | — | — | — | — |
| Earnings growth | -146.1% | -294.9% | -131.0% | -45.7% | -206.4% | -278.7% | — | — | — | — | — |
| Current ratio | 0.88x | 0.91x | 0.89x | 0.91x | 0.94x | 0.89x | — | — | — | — | — |
| Debt to equity | 2.85x | 2.66x | 2.75x | 3.09x | 1.84x | 1.69x | — | — | — | — | — |
| Equity ratio | 4.5% | 5.1% | 4.8% | 5.9% | 6.7% | 4.7% | — | — | — | — | — |
| Interest coverage | 1.20x | 1.58x | 1.26x | 2.18x | 3.57x | 3.43x | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.1% | 0.1% | 0.0% | 0.1% |
| Buybacks as a share of market value | 1.5% | -0.7% | 0.2% | -41.6% | -0.8% | 1.6% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.0% | 2.1% | -9.0% |
| Operating income | 25.7% | — | -8.0% |
| Net income | — | -30.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.4% | 14.6% | 12.6% | 11.1% |
| Operating margin | 1.4% | 1.0% | 0.9% | 1.4% |
| Net margin | 0.1% | 0.1% | 0.1% | 0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -63.4 | 17.7 | -32.2 | 7.5 | 5.9 | -9.3 | 16.0 | -5.3 | 3.7 | 5.4 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Feb 2022.
| FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.17 | 0.26 | 1.00 | 1.00 | 0.90 | 0.90 | 1.00 | 1.35 |
- 1-to-1 reverse split · 21 Nov 2000
- 1-to-1 reverse split · 23 Sept 1998
- 12-for-5 split · 24 Jul 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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