C 
8.05
+1.90%
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 58.4m
FY2016FY2025
Net income
DKK 84.2m
FY2016FY2025
Free cash flow
DKK 33.1m
FY2016FY2025
Shareholders' equity
DKK 582.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 58.4m | DKK 49.6m | DKK 47.2m | DKK 43.0m | DKK 36.1m | DKK 38.0m | DKK 29.8m | DKK 22.9m | DKK 17.8m | DKK 9.7m |
| Gross profit | DKK 50.9m | DKK 42.0m | DKK 40.3m | DKK 35.8m | DKK 28.8m | DKK 27.6m | DKK 22.2m | DKK 17.4m | DKK 14.7m | DKK 7.9m |
| Research and development | — | — | — | DKK 3 | DKK 5 | DKK 1 | DKK 3 | — | — | — |
| Operating income | DKK 40.0m | DKK 34.3m | DKK 32.6m | DKK 27.8m | DKK 22.3m | DKK 27.3m | DKK 21.2m | DKK 17.3m | DKK 16.0m | DKK 5.5m |
| Net income | DKK 84.2m | DKK 7.3m | −DKK 76.8m | DKK 106.8m | DKK 153.3m | DKK 32.4m | DKK 52.5m | DKK 37.5m | DKK 34.5m | DKK 17.9m |
| Diluted earnings per share | 1.72 | 0.15 | -1.60 | 2.26 | 3.48 | 3.35 | 1.12 | 0.76 | 0.97 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 1.45bn | DKK 1.08bn | DKK 1.07bn | DKK 1.13bn | DKK 1.12bn | DKK 885.2m | DKK 801.0m | DKK 471.7m | DKK 364.9m | DKK 238.5m |
| Cash and short-term investments | DKK 2.7m | DKK 8.8m | DKK 7.6m | DKK 21.4m | DKK 10.3m | DKK 24.1m | DKK 9.8m | DKK 19.5m | DKK 23.2m | DKK 7.2m |
| Total liabilities | DKK 866.8m | DKK 633.1m | DKK 604.3m | DKK 583.6m | DKK 638.3m | DKK 537.0m | DKK 492.0m | DKK 282.5m | DKK 215.7m | DKK 142.6m |
| Debt | DKK 725.4m | DKK 536.6m | DKK 490.4m | DKK 449.2m | DKK 528.1m | DKK 463.8m | DKK 416.7m | DKK 257.5m | DKK 203.2m | DKK 134.7m |
| Shareholders' equity | DKK 582.3m | DKK 448.4m | DKK 468.5m | DKK 542.6m | DKK 470.3m | DKK 316.4m | DKK 285.5m | DKK 189.2m | DKK 149.3m | DKK 95.9m |
| Shares outstanding | 49m | 47m | 48m | 47m | 44m | 10m | 47m | 49m | 35m | 55m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 33.7m | DKK 16.5m | DKK 15.3m | DKK 30.5m | DKK 16.4m | DKK 9.8m | DKK 9.4m | DKK 10.6m | DKK 12.1m | −DKK 2.6m |
| Capital spending | −DKK 590,000 | — | — | −DKK 110,000 | −DKK 116,000 | −DKK 699,000 | −DKK 1.7m | −DKK 1.1m | −DKK 1.4m | −DKK 1.5m |
| Free cash flow | DKK 33.1m | DKK 16.5m | DKK 15.3m | DKK 30.4m | DKK 16.2m | DKK 9.1m | DKK 7.7m | DKK 9.5m | DKK 10.7m | −DKK 4.1m |
| Dividends paid | −DKK 7.1m | −DKK 4.3m | −DKK 5.5m | −DKK 23.6m | −DKK 4.0m | −DKK 2.7m | −DKK 2.4m | −DKK 2.2m | −DKK 720,000 | −DKK 720,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 35.0m | DKK 32.0m | DKK 26.4m | DKK 25.0m | DKK 24.6m | DKK 23.9m | DKK 11.9m | DKK 23.3m |
| Gross profit | DKK 31.2m | DKK 28.7m | DKK 26.4m | DKK 21.6m | DKK 20.3m | DKK 20.4m | DKK 11.9m | DKK 19.7m |
| Operating income | DKK 26.0m | DKK 22.6m | DKK 21.6m | DKK 18.1m | DKK 16.2m | DKK 17.0m | DKK 8.5m | DKK 15.6m |
| Net income | DKK 51.3m | DKK 70.9m | DKK 13.4m | −DKK 8.1m | DKK 15.4m | −DKK 45.3m | −DKK 25.3m | −DKK 31.4m |
| Diluted earnings per share | 1.05 | 1.45 | 0.27 | -0.17 | 0.32 | -0.94 | -0.53 | -0.65 |
| Cash from operations | DKK 6.0m | DKK 26.0m | DKK 7.0m | DKK 13.0m | DKK 3.0m | — | — | DKK 14.0m |
| Capital spending | — | −DKK 26.0m | −DKK 2.0m | −DKK 13.0m | — | — | — | — |
| Free cash flow | — | DKK 0 | DKK 5.0m | DKK 0 | — | — | — | — |
| Total assets | DKK 1.50bn | DKK 1.45bn | DKK 1.12bn | DKK 1.08bn | DKK 1.08bn | DKK 1.07bn | DKK 1.07bn | DKK 1.12bn |
| Cash and short-term investments | DKK 20.0m | DKK 2.7m | DKK 30.6m | DKK 8.8m | DKK 6.1m | DKK 7.6m | DKK 7.6m | DKK 14.4m |
| Debt | DKK 745.6m | DKK 725.4m | DKK 549.3m | DKK 536.6m | DKK 523.6m | DKK 490.4m | — | DKK 464.8m |
| Shareholders' equity | DKK 623.3m | DKK 582.3m | DKK 471.2m | DKK 448.4m | DKK 456.5m | DKK 468.5m | DKK 468.5m | DKK 523.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.7% | 9.0% | 24.6% |
| Operating income | 12.9% | 7.9% | 12.7% |
| Net income | -7.6% | 21.0% | 25.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 86.0% | 85.2% | 82.8% | 81.3% |
| Operating margin | 68.8% | 68.0% | 67.7% | 71.5% |
| Net margin | 84.7% | 61.3% | 112.9% | 127.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.9 | 33.2 | -3.4 | 2.9 | 1.9 | 1.1 | 3.2 | 4.0 | 2.5 | 5.7 |
| Price to sales | 5.6 | 4.9 | 5.5 | 7.1 | 7.9 | 1.0 | 5.6 | 6.5 | 4.7 | 10.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 30 Apr 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.06 | 0.06 | 0.10 | 0.08 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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