9.10
-0.22%
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 1.58bn
FY2016FY2025
Net income
DKK 21.5m
FY2016FY2025
Free cash flow
DKK 72.9m
FY2016FY2025
Shareholders' equity
DKK 745.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 1.58bn | DKK 1.66bn | DKK 1.54bn | DKK 1.39bn | DKK 1.48bn | DKK 1.65bn | DKK 1.93bn | DKK 1.88bn | DKK 1.22bn | DKK 1.19bn |
| Research and development | — | DKK 380,000 | DKK 1.0m | DKK 1.4m | DKK 1.4m | DKK 1.5m | — | — | — | — |
| Operating income | DKK 64.9m | DKK 71.8m | DKK 56.6m | DKK 35.1m | DKK 58.7m | DKK 90.6m | DKK 59.2m | DKK 119.7m | DKK 106.7m | DKK 107.9m |
| Net income | DKK 21.5m | DKK 54.4m | DKK 26.9m | DKK 29.9m | DKK 61.1m | DKK 48.5m | DKK 20.6m | DKK 95.1m | DKK 95.1m | DKK 80.9m |
| Diluted earnings per share | 0.17 | 0.42 | 0.21 | 0.23 | 0.47 | 0.39 | 0.17 | 0.76 | 0.78 | 0.67 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 1.28bn | DKK 1.30bn | DKK 1.30bn | DKK 1.18bn | DKK 1.27bn | DKK 1.64bn | DKK 1.65bn | DKK 1.63bn | DKK 851.8m | DKK 837.5m |
| Cash and short-term investments | DKK 68.0m | DKK 79.2m | DKK 38.3m | DKK 32.8m | DKK 62.9m | DKK 164.2m | DKK 147.3m | DKK 108.9m | DKK 88.2m | DKK 94.7m |
| Total liabilities | DKK 530.8m | DKK 544.2m | DKK 581.0m | DKK 477.5m | DKK 527.6m | DKK 925.3m | DKK 986.0m | DKK 993.8m | DKK 299.6m | DKK 365.9m |
| Debt | DKK 143.8m | DKK 219.3m | DKK 237.0m | DKK 196.1m | DKK 159.8m | DKK 267.9m | DKK 267.8m | DKK 191.8m | DKK 9.4m | DKK 29.1m |
| Shareholders' equity | DKK 745.0m | DKK 751.2m | DKK 716.8m | DKK 706.4m | DKK 741.0m | DKK 712.4m | DKK 665.4m | DKK 636.3m | DKK 549.1m | DKK 469.8m |
| Shares outstanding | 128m | 130m | 129m | 129m | 130m | 125m | 123m | 125m | 122m | 120m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 76.9m | DKK 136.2m | DKK 77.0m | DKK 27.4m | −DKK 3.2m | DKK 190.9m | DKK 189.1m | DKK 124.3m | DKK 103.7m | DKK 124.7m |
| Capital spending | −DKK 4.1m | −DKK 7.4m | −DKK 15.0m | −DKK 24.1m | −DKK 40.7m | −DKK 13.2m | −DKK 45.5m | −DKK 46.4m | −DKK 37.2m | −DKK 37.2m |
| Free cash flow | DKK 72.9m | DKK 128.9m | DKK 62.0m | DKK 3.4m | −DKK 43.9m | DKK 177.7m | DKK 143.7m | DKK 77.9m | DKK 66.5m | DKK 87.5m |
| Dividends paid | −DKK 16.2m | −DKK 16.2m | −DKK 16.2m | −DKK 16.2m | −DKK 775.7m | −DKK 775.7m | −DKK 15.9m | −DKK 16.5m | −DKK 15.0m | −DKK 15.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 419.8m | DKK 418.0m | DKK 385.5m | DKK 347.1m | DKK 409.9m | DKK 434.0m | DKK 416.9m | DKK 371.4m |
| Operating income | DKK 2.9m | DKK 12.0m | DKK 17.6m | DKK 2.0m | DKK 2.4m | DKK 32.6m | DKK 22.7m | DKK 13.8m |
| Net income | −DKK 4.5m | DKK 9.4m | DKK 8.2m | −DKK 9.6m | −DKK 8.8m | DKK 26.1m | DKK 29.3m | DKK 5.7m |
| Diluted earnings per share | -0.03 | 0.07 | 0.06 | -0.08 | -0.07 | 0.20 | 0.23 | 0.04 |
| Cash from operations | −DKK 37.0m | −DKK 3.0m | DKK 34.0m | DKK 7.0m | DKK 17.0m | DKK 17.0m | DKK 40.0m | DKK 56.0m |
| Capital spending | −DKK 3.0m | −DKK 1.0m | — | −DKK 2.0m | — | −DKK 2.0m | −DKK 2.0m | −DKK 1.0m |
| Free cash flow | −DKK 40.0m | −DKK 4.0m | — | DKK 5.0m | — | DKK 15.0m | DKK 38.0m | DKK 55.0m |
| Total assets | DKK 1.31bn | DKK 1.28bn | DKK 1.28bn | DKK 1.27bn | DKK 1.30bn | DKK 1.37bn | DKK 1.30bn | DKK 1.27bn |
| Cash and short-term investments | DKK 25.2m | DKK 52.3m | DKK 68.0m | DKK 57.9m | DKK 71.8m | DKK 88.3m | DKK 79.2m | DKK 49.8m |
| Debt | DKK 116.1m | DKK 145.0m | DKK 171.7m | DKK 142.5m | DKK 142.3m | DKK 142.5m | DKK 141.8m | DKK 150.9m |
| Shareholders' equity | DKK 720.0m | DKK 748.9m | DKK 745.0m | DKK 732.6m | DKK 749.7m | DKK 794.2m | DKK 751.2m | DKK 720.5m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.1% | 4.5% | 3.5% | 2.7% | 3.0% | 2.6% |
| Net margin | 1.4% | 3.3% | 1.7% | 2.2% | 4.1% | 2.9% |
| Return on equity | 2.9% | 7.2% | 3.8% | 4.2% | 8.2% | 6.8% |
| Return on assets | 1.7% | 4.2% | 2.1% | 2.5% | 4.8% | 3.0% |
| Free cash flow yield | 6.8% | 12.0% | 7.7% | 4.3% | 3.1% | 17.7% |
| Revenue growth | -5.0% | 7.8% | 10.8% | -6.2% | -10.4% | -14.3% |
| Earnings growth | -60.5% | 102.2% | -10.1% | -51.0% | 25.9% | 135.2% |
| Current ratio | 1.14x | 1.18x | 1.17x | 1.09x | 1.06x | 1.02x |
| Debt to equity | 0.19x | 0.19x | 0.25x | 0.22x | 0.17x | 0.29x |
| Equity ratio | 58.4% | 58.0% | 55.2% | 59.7% | 58.4% | 43.4% |
| Interest coverage | 4.64x | 4.35x | 3.85x | 6.39x | 6.27x | 5.00x |
| R&D as a share of sales | — | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 1.2% | -0.3% | -0.0% | 0.3% | -4.1% | -1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.3% | -1.0% | 3.4% |
| Operating income | 22.7% | -6.4% | -1.4% |
| Net income | -10.5% | -15.0% | -10.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.2% | 3.7% | 4.1% | 5.1% |
| Net margin | 2.3% | 2.2% | 2.6% | 3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 57.4 | 24.0 | 34.1 | 27.2 | 20.3 | 28.9 | 57.6 | 16.6 | 18.9 | 15.8 |
| Price to sales | 0.8 | 0.8 | 0.6 | 0.6 | 0.8 | 0.8 | 0.6 | 0.8 | 1.5 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 24 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.125 | 0.125 | 0.125 | 0.125 | 0.125 | 0.06 | 0.125 | 0.125 |
- 4-for-1 split · 4 May 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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