D 
358.40
+0.45%
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 USD, from our data supplier.
Revenue
$3.24bn
FY2016FY2025
Net income
$124.8m
FY2016FY2025
Free cash flow
−$288.2m
FY2016FY2025
Shareholders' equity
$1.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.24bn | $4.04bn | $3.69bn | $5.31bn | $3.55bn | $2.60bn | $2.58bn | $2.45bn | $1.81bn | $1.25bn |
| Operating income | $72.7m | $202.1m | $421.6m | $791.6m | $245.5m | $148.6m | $56.8m | $39.3m | $36.4m | −$28.4m |
| Net income | $124.8m | $162.7m | $400.1m | $743.5m | $204.5m | $86.0m | $19.2m | $28.8m | $24.6m | −$45.6m |
| Diluted earnings per share | 3.53 | 5.36 | 11.59 | 21.10 | 5.59 | 2.31 | 0.49 | 0.73 | 0.61 | -1.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $2.37bn | $2.25bn | $2.34bn | $2.76bn | $2.45bn | $1.82bn | $1.74bn | $1.46bn | $1.33bn | $1.30bn |
| Cash and short-term investments | $381.3m | $266.6m | $557.2m | $842.3m | $410.7m | $331.6m | $209.3m | $188.6m | $219.4m | $263.9m |
| Total liabilities | $1.09bn | $957.7m | $1.15bn | $1.42bn | $1.46bn | $922.3m | $883.4m | $637.6m | $492.1m | $499.6m |
| Debt | $763.8m | $530.3m | $601.8m | $814.8m | $1.06bn | $675.4m | $633.8m | $332.0m | $223.7m | $216.3m |
| Shareholders' equity | $1.27bn | $1.30bn | $1.20bn | $1.33bn | $993.3m | $902.5m | $859.0m | $826.8m | $834.4m | $801.4m |
| Shares outstanding | 35m | 30m | 35m | 35m | 37m | 37m | 39m | 40m | 40m | 40m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $365.5m | $415.4m | $670.8m | $1.34bn | $433.9m | $396.0m | $280.5m | −$24.7m | $6.3m | −$79.7m |
| Capital spending | −$653.8m | −$471.5m | −$349.7m | −$328.1m | −$247.9m | −$99.0m | −$145.9m | −$202.7m | −$107.0m | −$76.2m |
| Free cash flow | −$288.2m | −$56.1m | $321.1m | $1.01bn | $186.0m | $297.0m | $134.6m | −$227.4m | −$100.7m | −$155.9m |
| Dividends paid | −$36.8m | −$72.5m | −$308.9m | −$376.2m | −$53.0m | −$14.6m | −$12.0m | −$12.0m | −$12.0m | −$12.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03bn | $813.5m | $924.6m | $739.4m | $780.2m | $799.0m | $1.03bn | $1.06bn |
| Operating income | $65.5m | $22.5m | $20.0m | $9.6m | $59.5m | $38.4m | $43.2m | $32.3m |
| Net income | $99.1m | $11.2m | $14.2m | $26.1m | $52.0m | $32.5m | $29.6m | $25.1m |
| Diluted earnings per share | 3.57 | 0.40 | 0.40 | 0.74 | 1.47 | 0.92 | 0.97 | 0.83 |
| Cash from operations | $23.0m | $161.0m | $26.0m | $97.0m | $109.0m | $112.0m | $193.0m | $136.0m |
| Capital spending | −$220.0m | −$41.0m | −$143.0m | −$169.0m | −$282.0m | −$35.0m | −$38.0m | −$91.0m |
| Free cash flow | −$197.0m | $120.0m | −$117.0m | −$72.0m | −$173.0m | $77.0m | $155.0m | $45.0m |
| Total assets | $2.60bn | $2.51bn | $2.37bn | $2.33bn | $2.25bn | $2.18bn | $2.25bn | $2.35bn |
| Cash and short-term investments | $377.6m | $534.8m | $381.3m | $403.0m | $279.8m | $291.0m | $266.6m | $193.7m |
| Debt | $524.3m | $520.3m | $715.7m | $261.9m | $349.6m | $347.9m | $353.7m | $469.5m |
| Shareholders' equity | $1.32bn | $1.30bn | $1.27bn | $1.29bn | $1.32bn | $1.27bn | $1.30bn | $1.25bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.6% | 5.3% | 12.6% | 15.1% | 6.9% | 5.4% |
| Net margin | 3.8% | 4.0% | 10.8% | 14.0% | 5.8% | 3.3% |
| Return on equity | 9.8% | 12.5% | 33.4% | 55.9% | 20.6% | 9.5% |
| Return on assets | 5.3% | 7.2% | 17.1% | 27.0% | 8.3% | 4.7% |
| Free cash flow yield | 7.6% | 7.7% | 7.8% | 12.5% | 4.9% | 3.5% |
| Revenue growth | -19.7% | 9.4% | -30.5% | 49.6% | 36.7% | 0.5% |
| Earnings growth | -23.3% | -59.3% | -46.2% | 263.6% | 137.8% | 347.9% |
| Current ratio | 1.60x | 1.46x | 1.49x | 1.85x | 1.41x | 1.57x |
| Debt to equity | 0.40x | 0.27x | 0.37x | 0.43x | 0.80x | 0.51x |
| Equity ratio | 53.9% | 57.5% | 51.1% | 48.3% | 40.5% | 49.5% |
| Interest coverage | 4.75x | 5.15x | 8.71x | 15.89x | 7.02x | 4.66x |
| Buybacks as a share of market value | -16.6% | 12.0% | 2.0% | 3.7% | 1.8% | 4.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.2% | 4.5% | 7.0% |
| Operating income | -54.9% | -13.3% | — |
| Net income | -44.8% | 7.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.8% | 9.1% | 8.4% | 5.3% |
| Net margin | 3.9% | 8.8% | 7.7% | 4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 11.2 | 6.2 | 4.4 | 3.1 | 4.7 | 7.5 |
| Price to sales | 0.4 | 0.3 | 0.5 | 0.4 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 7 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.315 | 8.00 | 16.29 | 35.30 | 18.60 | 9.00 | 2.50 | 2.00 |
- 20-for-1 split · 2 May 2007
- 5-for-1 split · 8 Jun 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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