E 
33.68
-0.94%
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
€2.26bn
FY2016FY2025
Net income
€342.0m
FY2016FY2025
Free cash flow
€409.6m
FY2016FY2025
Shareholders' equity
€1.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €2.26bn | €2.19bn | €2.18bn | €2.13bn | €2.00bn | €1.89bn | €1.84bn | €1.83bn | €1.79bn | €1.64bn |
| Research and development | €38.2m | — | €24.4m | €21.4m | €16.1m | €10.4m | €7.7m | €1.0m | €1.8m | €1.6m |
| Operating income | €466.0m | €485.6m | €478.4m | €469.8m | €430.1m | €409.5m | €393.3m | €397.4m | €427.1m | €335.1m |
| Net income | €342.0m | €358.4m | €375.2m | €374.1m | €343.6m | €328.0m | €303.0m | €315.8m | €336.6m | €257.1m |
| Diluted earnings per share | 2.13 | 2.23 | 2.34 | 2.33 | 2.14 | 2.05 | 1.89 | 1.98 | 2.11 | 1.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €3.52bn | €3.36bn | €3.12bn | €3.10bn | €3.03bn | €3.04bn | €2.81bn | €2.67bn | €2.58bn | €2.53bn |
| Cash and short-term investments | €189.5m | €89.9m | €63.4m | €85.4m | €114.1m | €220.1m | €52.0m | €80.9m | €44.3m | €44.5m |
| Total liabilities | €2.26bn | €2.06bn | €1.83bn | €1.85bn | €1.82bn | €1.86bn | €1.66bn | €1.54bn | €1.54bn | €1.56bn |
| Debt | €1.70bn | €1.56bn | €1.37bn | €1.36bn | €1.33bn | €1.43bn | €1.24bn | €1.15bn | €1.12bn | €1.17bn |
| Shareholders' equity | €1.25bn | €1.29bn | €1.29bn | €1.25bn | €1.20bn | €1.18bn | €1.15bn | €1.13bn | €1.04bn | €970.8m |
| Shares outstanding | 161m | 161m | 161m | 160m | 160m | 160m | 160m | 160m | 160m | 160m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €688.6m | €650.9m | €647.8m | €591.8m | €595.7m | €600.0m | €553.9m | €515.4m | €500.8m | €486.5m |
| Capital spending | −€279.0m | −€306.7m | −€304.7m | −€270.9m | −€258.8m | −€249.2m | −€231.6m | −€235.6m | −€254.8m | −€208.9m |
| Free cash flow | €409.6m | €344.2m | €343.1m | €320.9m | €336.9m | €350.8m | €322.3m | €279.8m | €246.0m | €277.6m |
| Dividends paid | −€381.4m | −€359.8m | −€343.5m | −€328.1m | −€311.0m | −€295.7m | −€279.6m | −€263.1m | −€239.6m | −€223.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €550.8m | €548.4m | €588.3m | €560.6m | €552.4m | €555.8m | €579.7m | €535.9m |
| Operating income | €118.1m | €124.0m | €83.5m | €138.6m | €122.0m | €121.6m | €118.6m | €136.2m |
| Net income | €88.9m | €91.4m | €58.6m | €103.2m | €90.2m | €90.0m | €82.6m | €100.9m |
| Diluted earnings per share | 0.55 | 0.57 | 0.36 | 0.64 | 0.56 | 0.56 | 0.51 | 0.63 |
| Cash from operations | €143.0m | €157.0m | €164.0m | €188.0m | €188.0m | €147.0m | €144.0m | €188.0m |
| Capital spending | −€72.0m | −€62.0m | −€74.0m | −€64.0m | −€75.0m | −€64.0m | −€79.0m | −€89.0m |
| Free cash flow | €71.0m | €95.0m | €90.0m | €124.0m | €113.0m | €83.0m | €65.0m | €99.0m |
| Total assets | €3.44bn | €3.44bn | €3.52bn | €3.36bn | €3.35bn | €3.33bn | €3.36bn | €3.19bn |
| Cash and short-term investments | €114.7m | €134.2m | €189.5m | €115.1m | €103.1m | €108.7m | €89.9m | €82.3m |
| Debt | €1.49bn | €1.47bn | €1.70bn | €1.50bn | €1.60bn | €1.52bn | €1.56bn | €1.31bn |
| Shareholders' equity | €1.34bn | €1.34bn | €1.25bn | €1.19bn | €1.08bn | €1.37bn | €1.29bn | €1.20bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 20.7% | 22.2% | 22.3% | 22.1% | 21.6% | 22.0% | — |
| Net margin | 15.2% | 16.4% | 17.2% | 17.6% | 17.2% | 17.3% | — |
| Return on equity | 27.3% | 27.9% | 29.1% | 30.0% | 28.7% | 27.7% | — |
| Return on assets | 9.7% | 10.7% | 12.0% | 12.1% | 11.3% | 10.8% | — |
| Free cash flow yield | 17.4% | 17.2% | 17.1% | 15.5% | 15.4% | 15.3% | — |
| Revenue growth | 3.0% | 0.5% | 2.4% | 6.6% | 5.5% | 2.8% | — |
| Earnings growth | -4.6% | -4.5% | 0.3% | 8.9% | 4.8% | 8.3% | — |
| Current ratio | 1.08x | 0.82x | 0.98x | 1.01x | 1.34x | 1.31x | — |
| Debt to equity | 1.28x | 1.16x | 1.01x | 1.04x | 1.05x | 1.14x | — |
| Equity ratio | 35.6% | 38.3% | 41.3% | 40.2% | 39.6% | 38.9% | — |
| Interest coverage | 11.04x | 12.60x | 17.54x | 33.81x | 33.18x | 21.33x | — |
| R&D as a share of sales | 1.7% | — | 1.1% | 1.0% | 0.8% | 0.5% | 0.4% |
| Buybacks as a share of market value | 0.0% | -0.1% | -0.1% | -0.1% | -0.1% | -0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.0% | 3.6% | 3.7% |
| Operating income | -0.3% | 2.6% | 4.2% |
| Net income | -2.9% | 0.8% | 3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 21.4% | 21.7% | 21.7% | 21.6% |
| Net margin | 15.7% | 16.6% | 16.8% | 16.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.7 | 18.7 | 17.9 | 21.2 | 25.2 | 21.9 | 26.0 | 18.3 | 15.5 | 19.2 |
| Price to sales | 2.7 | 3.1 | 3.1 | 3.7 | 4.3 | 3.8 | 4.3 | 3.1 | 2.9 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 23 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.80 | 2.35 | 2.25 | 2.15 | 2.05 | 1.95 | 1.85 | 1.75 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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