496.70
-2.26%
Close of 9 Nov 2026, in DKK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in DKK, from our data supplier.
Revenue
DKK 27.87bn
FY2016FY2025
Net income
DKK 3.64bn
FY2016FY2025
Free cash flow
DKK 5.34bn
FY2016FY2025
Shareholders' equity
DKK 16.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 27.87bn | DKK 27.03bn | DKK 24.50bn | DKK 22.58bn | DKK 19.43bn | DKK 18.54bn | DKK 17.94bn | DKK 16.45bn | DKK 15.53bn | DKK 14.68bn |
| Gross profit | DKK 18.14bn | DKK 18.27bn | DKK 16.33bn | DKK 15.53bn | DKK 13.31bn | DKK 12.61bn | DKK 12.15bn | DKK 11.07bn | DKK 10.57bn | DKK 10.03bn |
| Research and development | DKK 900.0m | DKK 866.0m | DKK 872.0m | DKK 866.0m | DKK 755.0m | DKK 708.0m | DKK 692.0m | DKK 640.0m | DKK 574.0m | DKK 509.0m |
| Operating income | DKK 7.58bn | DKK 7.32bn | DKK 6.77bn | DKK 6.44bn | DKK 6.36bn | DKK 5.85bn | DKK 5.16bn | DKK 5.09bn | DKK 5.02bn | DKK 4.10bn |
| Net income | DKK 3.64bn | DKK 5.05bn | DKK 4.78bn | DKK 4.71bn | DKK 4.83bn | DKK 4.20bn | DKK 3.87bn | DKK 3.85bn | DKK 3.80bn | DKK 3.14bn |
| Diluted earnings per share | 16.16 | 22.42 | 21.89 | 22.16 | 22.63 | 19.73 | 18.16 | 18.08 | 17.85 | 14.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 48.37bn | DKK 48.07bn | DKK 48.16bn | DKK 34.96bn | DKK 15.84bn | DKK 13.50bn | DKK 12.73bn | DKK 11.77bn | DKK 12.05bn | DKK 11.01bn |
| Cash and short-term investments | DKK 947.0m | DKK 788.0m | DKK 911.0m | DKK 633.0m | DKK 674.0m | DKK 585.0m | DKK 669.0m | DKK 607.0m | DKK 629.0m | DKK 1.03bn |
| Total liabilities | DKK 32.24bn | DKK 30.13bn | DKK 30.86bn | DKK 26.66bn | DKK 7.67bn | DKK 6.09bn | DKK 5.82bn | DKK 5.35bn | DKK 6.10bn | DKK 5.94bn |
| Debt | DKK 22.64bn | DKK 22.63bn | DKK 19.57bn | DKK 18.71bn | DKK 2.79bn | DKK 1.75bn | DKK 1.21bn | DKK 1.36bn | DKK 1.46bn | DKK 222.0m |
| Shareholders' equity | DKK 16.12bn | DKK 17.94bn | DKK 17.30bn | DKK 8.29bn | DKK 8.17bn | DKK 7.41bn | DKK 6.91bn | DKK 6.42bn | DKK 5.95bn | DKK 5.07bn |
| Shares outstanding | 225m | 225m | 219m | 212m | 213m | 213m | 213m | 213m | 213m | 212m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 6.64bn | DKK 2.77bn | DKK 4.23bn | DKK 5.10bn | DKK 5.29bn | DKK 4.76bn | DKK 4.36bn | DKK 4.36bn | DKK 3.25bn | DKK 3.03bn |
| Capital spending | −DKK 1.31bn | −DKK 1.17bn | −DKK 1.24bn | −DKK 1.14bn | −DKK 1.97bn | −DKK 931.0m | −DKK 636.0m | −DKK 669.0m | −DKK 685.0m | −DKK 649.0m |
| Free cash flow | DKK 5.34bn | DKK 1.60bn | DKK 2.98bn | DKK 3.96bn | DKK 3.32bn | DKK 3.83bn | DKK 3.72bn | DKK 3.69bn | DKK 2.57bn | DKK 2.38bn |
| Dividends paid | −DKK 4.96bn | −DKK 4.72bn | −DKK 4.25bn | −DKK 4.04bn | −DKK 3.83bn | −DKK 3.61bn | −DKK 3.40bn | −DKK 3.29bn | −DKK 2.86bn | −DKK 2.65bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 7.36bn | DKK 7.08bn | DKK 7.04bn | DKK 6.96bn | DKK 6.96bn | DKK 6.93bn | DKK 7.03bn | DKK 6.95bn |
| Gross profit | DKK 4.91bn | DKK 3.04bn | DKK 4.74bn | DKK 3.95bn | DKK 4.71bn | DKK 4.73bn | DKK 4.75bn | DKK 4.64bn |
| Operating income | DKK 1.90bn | DKK 1.80bn | DKK 1.85bn | DKK 1.94bn | DKK 1.83bn | DKK 1.89bn | DKK 1.91bn | DKK 1.91bn |
| Net income | DKK 1.46bn | −DKK 971.0m | DKK 1.40bn | DKK 875.0m | DKK 805.0m | DKK 912.0m | DKK 1.04bn | DKK 1.31bn |
| Diluted earnings per share | 6.49 | -4.31 | 6.21 | 3.89 | 3.58 | 4.05 | 4.63 | 5.83 |
| Cash from operations | DKK 1.71bn | DKK 1.47bn | DKK 2.23bn | DKK 2.27bn | DKK 1.63bn | DKK 742.0m | DKK 2.01bn | DKK 2.05bn |
| Capital spending | −DKK 260.0m | −DKK 404.0m | −DKK 372.0m | −DKK 368.0m | −DKK 418.0m | −DKK 310.0m | −DKK 308.0m | −DKK 392.0m |
| Free cash flow | DKK 1.45bn | DKK 1.06bn | DKK 1.86bn | DKK 1.90bn | DKK 1.21bn | DKK 432.0m | DKK 1.70bn | DKK 1.66bn |
| Total assets | DKK 46.94bn | DKK 46.65bn | DKK 48.80bn | DKK 48.37bn | DKK 47.88bn | DKK 49.15bn | DKK 48.34bn | DKK 48.07bn |
| Cash and short-term investments | DKK 817.0m | DKK 1.07bn | DKK 1.13bn | DKK 947.0m | DKK 726.0m | DKK 729.0m | DKK 906.0m | DKK 788.0m |
| Debt | DKK 23.09bn | DKK 23.57bn | DKK 24.43bn | DKK 2.59bn | DKK 23.50bn | DKK 23.50bn | DKK 24.01bn | DKK 21.89bn |
| Shareholders' equity | DKK 13.37bn | DKK 12.84bn | DKK 13.80bn | DKK 16.12bn | DKK 16.45bn | DKK 16.94bn | DKK 15.46bn | DKK 17.94bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | 8.5% | 7.2% |
| Operating income | 5.6% | 5.3% | 5.3% |
| Net income | -8.2% | -2.8% | 15.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 66.3% | 66.9% | 67.3% | 67.5% |
| Operating margin | 27.1% | 27.6% | 28.8% | 29.4% |
| Net margin | 15.8% | 17.8% | 19.4% | 19.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 33.8 | 35.1 | 35.3 | 36.6 | 50.9 | 47.1 | 45.5 | 33.5 | 27.6 | 32.1 |
| Price to sales | 4.4 | 6.5 | 6.9 | 7.6 | 12.6 | 10.7 | 9.8 | 7.8 | 6.8 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 18 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 23.00 | 22.71 | 21.00 | 20.00 | 19.00 | 18.00 | 17.00 | 16.00 |
- 5-for-1 split · 19 Dec 2012
- 2-for-1 split · 16 Dec 2004
- 2-for-1 split · 19 Jan 2000
- 3-for-2 split · 29 Jan 1997
- 3-for-2 split · 20 Jan 1994
- 5-for-1 split · 24 Mar 1993
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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