24.18
+0.25%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€4.80bn
FY2016FY2025
Net income
€366.6m
FY2016FY2025
Free cash flow
€547.2m
FY2016FY2025
Shareholders' equity
€3.81bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €4.80bn | €4.57bn | €4.31bn | €3.82bn | €3.05bn | €2.81bn | €3.28bn | €3.13bn | €2.19bn | €1.51bn |
| Operating income | €620.2m | €596.4m | €497.5m | €440.2m | €278.6m | €115.8m | €351.3m | €293.6m | €204.3m | €161.4m |
| Net income | €366.6m | €337.8m | €262.5m | €202.6m | €114.3m | €2.7m | €142.0m | €82.2m | €41.5m | €93.0m |
| Diluted earnings per share | 1.45 | 1.29 | 0.93 | 0.81 | 0.48 | 0.01 | 0.60 | 0.35 | 0.25 | 0.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €9.57bn | €9.39bn | €9.30bn | €8.62bn | €8.04bn | €7.86bn | €8.20bn | €7.80bn | €7.97bn | €3.70bn |
| Cash and short-term investments | €398.1m | €622.1m | €665.1m | €286.2m | €160.0m | €137.6m | €172.3m | €197.0m | €416.4m | €169.0m |
| Total liabilities | €5.76bn | €5.79bn | €5.83bn | €5.40bn | €5.03bn | €5.05bn | €5.24bn | €4.93bn | €5.04bn | €2.55bn |
| Debt | €4.12bn | €4.26bn | €4.23bn | €3.95bn | €3.76bn | €3.87bn | €3.95bn | €3.55bn | €3.70bn | €1.77bn |
| Shareholders' equity | €3.81bn | €3.60bn | €3.48bn | €3.21bn | €3.01bn | €2.81bn | €2.96bn | €2.87bn | €2.92bn | €1.15bn |
| Shares outstanding | 253m | 261m | 284m | 251m | 238m | 223m | 235m | 233m | 166m | 114m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €1.41bn | €1.45bn | €1.33bn | €1.09bn | €887.0m | €783.5m | €1.02bn | €853.3m | €421.6m | €424.8m |
| Capital spending | −€864.0m | −€887.4m | −€823.9m | −€699.8m | −€573.9m | −€499.2m | −€682.3m | −€634.4m | −€465.1m | −€252.5m |
| Free cash flow | €547.2m | €564.7m | €501.7m | €391.4m | €313.1m | €284.3m | €336.1m | €218.9m | −€43.5m | €172.3m |
| Dividends paid | −€105.1m | −€101.3m | −€61.7m | −€33.2m | −€33.2m | −€33.2m | −€81.2m | −€81.0m | −€51.7m | −€39.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €2.46bn | €2.45bn | €2.34bn | €2.33bn | €2.25bn | €2.21bn | €2.10bn | €1.05bn |
| Operating income | €312.4m | €335.8m | €284.4m | €320.5m | €247.6m | €301.4m | €263.4m | €102.4m |
| Net income | €163.6m | €214.1m | €152.5m | €218.7m | €119.1m | €123.7m | €138.8m | €69.4m |
| Diluted earnings per share | 0.68 | 0.85 | 0.60 | 0.84 | 0.46 | 0.44 | 0.49 | 0.28 |
| Cash from operations | €540.0m | €861.0m | €550.0m | €824.0m | €620.0m | €751.0m | €483.0m | €272.0m |
| Capital spending | −€474.0m | −€441.0m | −€422.0m | −€435.0m | −€425.0m | −€407.0m | −€416.0m | −€174.0m |
| Free cash flow | €66.0m | €420.0m | €128.0m | €389.0m | €195.0m | €344.0m | €67.0m | €98.0m |
| Total assets | €9.91bn | €9.57bn | €9.17bn | €9.39bn | €9.18bn | €9.30bn | €8.97bn | €2.15bn |
| Cash and short-term investments | €446.6m | €398.1m | €234.1m | €622.1m | €420.7m | €665.1m | €408.7m | €71.5m |
| Debt | €1.33bn | €4.12bn | €4.19bn | €4.26bn | €4.22bn | €3.80bn | €4.19bn | — |
| Shareholders' equity | €3.47bn | €3.81bn | €3.58bn | €3.60bn | €3.43bn | €3.48bn | €3.31bn | €803.5m |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 13.5% | 13.7% | 12.0% | 11.5% | 8.7% | 4.1% |
| Net margin | 7.6% | 7.4% | 6.1% | 5.3% | 3.7% | 0.1% |
| Return on equity | 9.6% | 9.4% | 7.6% | 6.3% | 3.8% | 0.1% |
| Return on assets | 3.8% | 3.6% | 2.8% | 2.4% | 1.4% | 0.0% |
| Free cash flow yield | 41.9% | 41.7% | 35.3% | 33.3% | 28.7% | 26.8% |
| Revenue growth | 4.9% | 6.1% | 12.8% | 25.3% | 8.6% | -14.5% |
| Earnings growth | 8.5% | 28.7% | 29.6% | 77.3% | 4133.3% | -98.1% |
| Current ratio | 0.81x | 0.82x | 0.83x | 0.90x | 0.91x | 0.77x |
| Debt to equity | 0.93x | 1.05x | 1.09x | 1.11x | 1.13x | 1.25x |
| Equity ratio | 39.8% | 38.3% | 37.4% | 37.3% | 37.5% | 35.7% |
| Interest coverage | 4.28x | 3.94x | 3.60x | 4.36x | 2.83x | 1.34x |
| Buybacks as a share of market value | 3.0% | 7.9% | -13.2% | -5.5% | -6.4% | 4.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.9% | 11.3% | 13.0% |
| Operating income | 12.1% | 39.9% | 14.5% |
| Net income | 21.9% | 167.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 13.0% | 12.3% | 10.9% | 10.7% |
| Net margin | 7.5% | 6.7% | 5.5% | 4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.8 | 14.6 | 20.4 | 17.1 | 31.6 | — | 30.6 | 41.3 | 91.8 | 19.8 |
| Price to sales | 1.3 | 1.1 | 1.2 | 0.9 | 1.2 | 1.1 | 1.3 | 1.1 | 1.7 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 26 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.74 | 0.45 | 0.90 | 0.41 | 0.37 | 0.37 | 0.37 | 0.37 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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