5.52
+0.36%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€875.0m
FY2018FY2025
Net income
€82.3m
FY2018FY2025
Free cash flow
€44.2m
FY2018FY2025
Shareholders' equity
€958.9m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €875.0m | €862.6m | €856.4m | €852.8m | €615.9m | €499.5m | €505.4m | €462.1m |
| Research and development | €1.3m | €1.9m | €1.7m | €1.1m | €602,000 | €779,000 | €757,000 | — |
| Operating income | €128.8m | €121.6m | €140.3m | €125.8m | €98.0m | €55.5m | €47.8m | €47.0m |
| Net income | €82.3m | €83.4m | €230.1m | €89.6m | €66.7m | €32.6m | €29.0m | €25.8m |
| Diluted earnings per share | 0.41 | 0.42 | 1.14 | 0.44 | 0.33 | 0.19 | 0.66 | 0.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | €1.27bn | €1.42bn | €1.33bn | €1.29bn | €986.7m | €770.1m | €787.2m | €753.2m |
| Cash and short-term investments | €123.6m | €215.9m | €212.1m | €174.1m | €73.8m | €76.8m | €56.1m | €42.9m |
| Total liabilities | €301.4m | €476.9m | €421.8m | €542.8m | €532.8m | €357.0m | €527.8m | €532.8m |
| Debt | €18.9m | €159.3m | €143.9m | €281.2m | €261.6m | €170.2m | €207.3m | €221.1m |
| Shareholders' equity | €958.9m | €946.5m | €904.5m | €741.2m | €450.5m | €409.6m | €255.6m | €220.4m |
| Shares outstanding | 199m | 199m | 201m | 202m | 202m | 176m | 44m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | €117.5m | €110.7m | €140.3m | €113.0m | −€15.5m | €68.7m | €60.9m | €31.4m |
| Capital spending | −€73.3m | −€63.9m | −€88.5m | −€46.1m | −€31.0m | −€27.4m | −€36.5m | −€34.1m |
| Free cash flow | €44.2m | €46.9m | €51.8m | €66.8m | −€46.5m | €41.3m | €24.5m | −€2.7m |
| Dividends paid | −€20.7m | −€24.5m | −€24.2m | −€20.0m | −€60.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €224.6m | €178.5m | €243.6m | €215.7m | €215.2m | €200.4m | €261.4m | €200.9m |
| Operating income | €35.5m | €26.2m | €34.0m | €33.9m | €34.0m | €26.9m | €34.2m | €22.0m |
| Net income | €10.6m | €18.2m | €22.3m | €24.8m | €19.4m | €15.8m | €31.1m | €12.4m |
| Diluted earnings per share | 0.05 | 0.09 | 0.11 | 0.12 | 0.10 | 0.08 | 0.16 | 0.06 |
| Cash from operations | €6.0m | −€74.0m | €117.0m | €41.0m | −€3.0m | −€26.0m | €110.0m | €37.0m |
| Capital spending | −€17.0m | −€11.0m | −€73.0m | −€45.0m | −€28.0m | −€12.0m | −€63.0m | −€20.0m |
| Free cash flow | −€11.0m | −€85.0m | €44.0m | −€4.0m | −€31.0m | −€38.0m | €47.0m | €17.0m |
| Total assets | €1.46bn | €1.35bn | €1.27bn | €1.36bn | €1.33bn | €1.40bn | €1.42bn | €1.33bn |
| Cash and short-term investments | — | — | €123.6m | €198.5m | €157.8m | €187.8m | €215.9m | €172.6m |
| Debt | €45.2m | €3.7m | €18.9m | €135.9m | €134.4m | €138.5m | €140.8m | €137.7m |
| Shareholders' equity | €984.4m | €988.4m | €958.9m | €942.3m | €921.1m | €951.8m | €946.5m | €901.0m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 13.2% | 14.4% | 32.0% | 14.9% | 15.9% | 10.0% |
| Net margin | 9.4% | 9.7% | 26.9% | 10.5% | 10.8% | 6.5% |
| Return on equity | 8.6% | 8.8% | 25.4% | 12.1% | 14.8% | 8.0% |
| Return on assets | 6.5% | 5.9% | 17.3% | 7.0% | 6.8% | 4.2% |
| Free cash flow yield | 64.5% | 15.8% | 20.4% | 14.2% | 1.6% | — |
| Revenue growth | 1.4% | 0.7% | 0.4% | 38.5% | 23.3% | -1.2% |
| Earnings growth | -1.2% | -63.8% | 156.9% | 34.3% | 104.4% | 12.5% |
| Current ratio | 2.42x | 2.58x | 2.81x | 3.44x | 1.11x | 2.25x |
| Debt to equity | 0.02x | 0.15x | 0.14x | 0.37x | 0.58x | 0.41x |
| Equity ratio | 75.4% | 66.5% | 67.9% | 57.6% | 45.7% | 53.2% |
| Interest coverage | 17.57x | 14.16x | 23.89x | 15.83x | 16.07x | 4.66x |
| R&D as a share of sales | 0.1% | 0.2% | 0.2% | 0.1% | 0.1% | 0.2% |
| Buybacks as a share of market value | 74.3% | 1.2% | 0.2% | -13.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.9% | 11.9% | — |
| Operating income | 0.8% | 18.3% | — |
| Net income | -2.8% | 20.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.4% | 15.0% | 14.7% | — |
| Net margin | 9.5% | 14.1% | 12.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 17.6 | 18.0 | 13.7 | 32.3 |
| Price to sales | 1.7 | 1.7 | 3.7 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 18 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.103 | 0.104 | 0.123 | 0.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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