D 
0.24
+8.26%
Close of 9 Nov 2026, in EUR
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€118.2m
FY2016FY2025
Net income
−€88.5m
FY2016FY2025
Free cash flow
€1.0m
FY2016FY2025
Shareholders' equity
€129.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €118.2m | €191.9m | €142.5m | €121.9m | €206.6m | €197.7m | €147.6m | €89.9m | €116.7m | €114.1m |
| Research and development | — | — | — | €1 | €0 | €0 | €1 | €1 | €0 | €0 |
| Operating income | €25.1m | −€25.0m | −€14.3m | −€72.4m | €64.8m | −€110.1m | €19.1m | €40.6m | €84.7m | €83.2m |
| Net income | −€88.5m | −€86.5m | −€147.2m | −€71.5m | €58.5m | €8.5m | €75.5m | €61.6m | €13.8m | €24.7m |
| Diluted earnings per share | -0.82 | -0.82 | -1.39 | -0.68 | 0.55 | 0.08 | 0.70 | 0.57 | 0.20 | 0.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €849.2m | €951.2m | €1.33bn | €1.54bn | €1.71bn | €1.63bn | €1.68bn | €1.38bn | €1.15bn | €1.09bn |
| Cash and short-term investments | €54.2m | €57.7m | €117.0m | €53.3m | €139.5m | €98.1m | €102.1m | €190.4m | €73.9m | €31.3m |
| Total liabilities | €629.9m | €709.3m | €994.2m | €1.05bn | €1.11bn | €1.03bn | €1.02bn | €796.4m | €828.0m | €785.4m |
| Debt | €511.1m | €513.3m | €817.0m | €840.0m | €898.9m | €836.1m | €757.0m | €639.9m | €694.9m | €662.6m |
| Shareholders' equity | €129.1m | €218.1m | €303.6m | €450.2m | €549.0m | €558.0m | €613.4m | €537.9m | €285.4m | €271.9m |
| Shares outstanding | 107m | 106m | 106m | 106m | 106m | 104m | 108m | 108m | 68m | 65m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €11.0m | €34.5m | €40.7m | €48.0m | −€2.4m | −€24.1m | €45.8m | €38.9m | €35.8m | €35.4m |
| Capital spending | −€10.0m | −€14.0m | −€12.9m | −€32.4m | −€24.7m | −€65.4m | −€213.3m | −€24.7m | −€6.5m | −€11.9m |
| Free cash flow | €1.0m | €20.5m | €27.8m | €15.7m | −€27.2m | −€89.5m | −€167.5m | €14.2m | €29.4m | €23.5m |
| Dividends paid | — | — | — | — | — | −€828,000 | — | — | −€6.8m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €14.8m | €33.6m | €48.2m | €25.6m | €20.8m | €23.5m | €27.2m | €19.8m |
| Operating income | €6.0m | €3.6m | €2.4m | €6.2m | €9.5m | €7.0m | €8.4m | €1.9m |
| Net income | −€7.1m | −€8.8m | −€27.9m | −€14.9m | −€30.2m | −€15.5m | −€64.1m | €5.6m |
| Diluted earnings per share | -0.07 | -0.09 | -0.26 | -0.14 | -0.28 | -0.14 | -0.61 | 0.05 |
| Cash from operations | — | €2.0m | €1.0m | €9.0m | €6.0m | €4.0m | €6.0m | €9.0m |
| Capital spending | — | −€1.0m | −€3.0m | −€2.0m | −€2.0m | −€1.0m | −€3.0m | −€2.0m |
| Free cash flow | — | €1.0m | −€2.0m | €7.0m | €4.0m | €3.0m | €3.0m | €7.0m |
| Total assets | €823.9m | €832.6m | €849.2m | €886.0m | €889.8m | €942.7m | €951.2m | €1.17bn |
| Cash and short-term investments | €44.4m | €53.7m | €54.2m | €53.0m | €43.9m | €65.5m | €57.7m | €165.7m |
| Debt | €505.3m | €498.0m | €511.4m | €527.9m | €509.1m | €524.9m | €513.3m | €693.5m |
| Shareholders' equity | €113.2m | €120.4m | €129.1m | €157.4m | €172.4m | €202.6m | €218.1m | €282.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.0% | -9.8% | 10.0% |
| Operating income | — | — | -8.1% |
| Net income | 7.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.0% | -15.1% | -13.5% | 10.3% |
| Net margin | -56.4% | -68.5% | -33.4% | -8.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -1.0 | -0.8 | -3.7 | 7.8 | 55.0 | 7.7 | 7.5 | 19.0 | 9.4 |
| Price to sales | 0.4 | 0.4 | 0.8 | 2.2 | 2.2 | 2.4 | 3.9 | 5.2 | 2.3 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 May 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|
| Paid in the year | 0.003 | 0.006 | 0.005 | 0.005 |
- 10-to-1 reverse split · 30 Apr 2009
- 1.03-for-1 split · 28 Mar 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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