D 
14.80
+1.37%
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, before interest expense
DKK 940.5m
FY2016FY2025
Net income
DKK 273.7m
FY2016FY2025
Total assets
DKK 18.74bn
FY2016FY2025
Shareholders' equity
DKK 2.94bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | DKK 940.5m | DKK 964.0m | DKK 897.8m | DKK 607.6m | DKK 680.0m | DKK 627.4m | DKK 846.6m | DKK 577.5m | DKK 626.9m | DKK 628.8m |
| Operating income | DKK 272.9m | DKK 354.6m | DKK 303.8m | DKK 145.0m | DKK 202.0m | DKK 124.3m | DKK 344.4m | DKK 105.7m | DKK 100.8m | DKK 50.0m |
| Net income | DKK 273.7m | DKK 286.6m | DKK 295.6m | DKK 149.3m | DKK 197.5m | DKK 113.1m | DKK 349.2m | DKK 127.6m | DKK 84.5m | DKK 38.0m |
| Diluted earnings per share | 1.23 | 1.28 | 1.33 | 0.79 | 1.06 | 0.70 | 2.26 | 0.97 | 0.57 | 0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 18.74bn | DKK 17.33bn | DKK 16.14bn | DKK 13.95bn | DKK 13.50bn | DKK 13.30bn | DKK 12.50bn | DKK 11.10bn | DKK 10.80bn | DKK 10.69bn |
| Cash and short-term investments | DKK 1.06bn | DKK 1.62bn | DKK 1.29bn | DKK 1.47bn | DKK 1.45bn | DKK 1.06bn | DKK 1.58bn | DKK 911.9m | DKK 1.13bn | DKK 1.13bn |
| Total liabilities | DKK 15.80bn | DKK 14.30bn | DKK 13.31bn | DKK 11.67bn | DKK 11.30bn | DKK 11.26bn | DKK 10.52bn | DKK 9.67bn | DKK 9.38bn | DKK 9.45bn |
| Debt | DKK 3.77bn | DKK 3.47bn | DKK 2.99bn | DKK 1.63bn | DKK 1.13bn | DKK 678.0m | DKK 328.0m | DKK 104.0m | DKK 19.0m | DKK 131.0m |
| Shareholders' equity | DKK 2.94bn | DKK 3.03bn | DKK 2.83bn | DKK 2.29bn | DKK 2.21bn | DKK 2.04bn | DKK 1.98bn | DKK 1.43bn | DKK 1.42bn | DKK 1.24bn |
| Shares outstanding | 223m | 223m | 223m | 190m | 186m | 162m | 155m | 131m | 147m | 120m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | DKK 255.6m | DKK 221.5m | DKK 225.6m | DKK 225.0m | DKK 236.0m | DKK 240.4m | DKK 200.0m | DKK 268.6m |
| Operating income | DKK 80.7m | DKK 24.3m | DKK 37.9m | DKK 85.0m | DKK 70.3m | DKK 79.7m | DKK 82.5m | DKK 111.8m |
| Net income | DKK 75.2m | DKK 22.9m | DKK 54.2m | DKK 78.6m | DKK 67.1m | DKK 65.1m | DKK 46.5m | DKK 97.0m |
| Diluted earnings per share | 0.34 | 0.10 | 0.24 | 0.35 | 0.30 | 0.29 | 0.21 | 0.43 |
| Total assets | DKK 19.92bn | DKK 18.69bn | DKK 18.74bn | DKK 18.61bn | DKK 18.36bn | DKK 17.59bn | DKK 17.33bn | DKK 17.11bn |
| Cash and short-term investments | DKK 2.02bn | DKK 1.33bn | DKK 1.06bn | DKK 1.55bn | DKK 1.93bn | DKK 1.78bn | DKK 1.62bn | DKK 1.45bn |
| Shareholders' equity | DKK 2.96bn | DKK 2.96bn | DKK 2.94bn | DKK 3.17bn | DKK 3.09bn | DKK 3.09bn | DKK 3.03bn | DKK 3.00bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 29.0% | 36.8% | 33.8% | 23.9% | 29.7% | 19.8% | — | — | — | — | — | — |
| Net margin | 29.1% | 29.7% | 32.9% | 24.6% | 29.1% | 18.0% | — | — | — | — | — | — |
| Return on equity | 9.3% | 9.5% | 10.4% | 6.5% | 9.0% | 5.5% | — | — | — | — | — | — |
| Return on assets | 1.5% | 1.7% | 1.8% | 1.1% | 1.5% | 0.9% | — | — | — | — | — | — |
| Revenue growth | -2.4% | 7.4% | 47.8% | -10.6% | 8.4% | -25.9% | — | — | — | — | — | — |
| Earnings growth | -4.5% | -3.1% | 98.1% | -24.4% | 74.7% | -67.6% | — | — | — | — | — | — |
| Current ratio | 0.07x | 0.13x | 0.11x | 0.14x | 0.14x | 0.10x | — | — | — | — | — | — |
| Debt to equity | — | — | — | — | — | — | 0.05x | 0.07x | 0.39x | 0.79x | 0.80x | 0.51x |
| Equity ratio | 15.7% | 17.5% | 17.6% | 16.4% | 16.3% | 15.4% | — | — | — | — | — | — |
| Interest coverage | 4.00x | 5.06x | 9.24x | 6.57x | 11.55x | 6.64x | — | — | — | — | — | — |
| Buybacks as a share of market value | 0.1% | 0.0% | -17.5% | -2.2% | -14.6% | -4.7% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.7% | 8.4% | 3.2% |
| Operating income | 23.5% | 17.0% | — |
| Net income | 22.4% | 19.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 32.9% | 31.6% | 29.7% | 24.6% |
| Net margin | 29.4% | 29.5% | 27.9% | 23.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.6 | 11.1 | 7.9 | 12.8 | 9.8 | 10.2 | 2.9 | 5.8 | 8.2 | 12.8 |
| Price to sales | 4.3 | 3.3 | 2.6 | 3.1 | 2.9 | 1.9 | 1.2 | 1.3 | 1.1 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 22 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.35 | 0.72 | 0.37 | 0.183 | 0.284 | 0.14 | 0.56 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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