E 
35.10
+1.15%
Close of 9 Nov 2026, in NOK
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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.
Net income
€661.1m
FY2017FY2025
Free cash flow
€917.5m
FY2017FY2025
Shareholders' equity
€3.64bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross profit | €4.92bn | €436.7m | €412.2m | €342.2m | €317.1m | €332.1m | €318.8m | €301.2m | €315.3m |
| Research and development | — | — | €16.9m | — | — | — | — | — | — |
| Operating income | €1.14bn | €99.5m | €121.5m | €57.0m | €49.2m | €70.7m | €36.0m | €38.3m | €44.8m |
| Net income | €661.1m | €60.9m | €67.1m | €10.9m | €33.8m | €47.8m | €9.9m | €28.0m | €32.3m |
| Diluted earnings per share | 2.46 | 0.23 | 0.25 | 0.04 | 0.13 | 0.19 | 0.04 | 0.10 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | €11.43bn | €11.34bn | €10.34bn | €10.27bn | €8.41bn | €749.1m | €775.5m | €672.8m | €655.1m |
| Cash and short-term investments | €667.7m | €301.3m | €154.4m | €329.8m | €321.7m | €6.4m | €15.5m | €14.4m | €14.9m |
| Total liabilities | €7.69bn | €7.55bn | €6.95bn | €7.39bn | €5.52bn | €563.7m | €621.7m | €521.2m | €468.3m |
| Debt | €467.5m | €436.4m | €345.3m | €416.4m | €264.5m | €316.9m | €371.4m | €289.7m | €215.7m |
| Shareholders' equity | €3.64bn | €3.67bn | €3.29bn | €2.79bn | €2.89bn | €185.4m | €153.9m | €151.6m | €186.7m |
| Shares outstanding | 269m | 269m | 269m | 278m | 260m | 251m | 269m | 269m | 269m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €1.84bn | €139.9m | €1.69bn | €269.5m | €786.2m | €102.6m | €101.9m | €31.0m | €42.6m |
| Capital spending | −€919.9m | −€109.1m | −€437.9m | −€469.5m | −€401.5m | −€50.2m | −€52.6m | −€45.3m | −€44.9m |
| Free cash flow | €917.5m | €30.8m | €1.25bn | −€200.0m | €384.7m | €52.5m | €49.3m | −€14.3m | −€2.3m |
| Dividends paid | −€465.2m | −€34.4m | −€210.9m | −€210.8m | −€107.3m | −€9.5m | −€10.4m | −€60.5m | −€10.0m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 38.0% | 37.8% | 36.4% | 33.4% | 37.1% | 36.5% |
| Operating margin | 10.5% | 8.8% | 9.8% | 5.6% | 6.0% | 7.9% |
| Net margin | 5.1% | 5.3% | 5.9% | 1.1% | 4.0% | 5.3% |
| Return on equity | 18.2% | 17.8% | 21.9% | 4.2% | 12.6% | 25.8% |
| Return on assets | 5.8% | 5.8% | 7.0% | 1.1% | 4.3% | 6.4% |
| Free cash flow yield | 2.7% | 2.7% | 2.1% | 0.7% | 1.2% | 1.8% |
| Revenue growth | 4.2% | 2.2% | 10.6% | 19.7% | -5.9% | 0.3% |
| Earnings growth | 1.1% | -9.2% | 517.7% | -67.9% | -29.3% | 384.8% |
| Current ratio | 1.63x | 1.39x | 1.33x | 1.47x | 1.37x | 1.20x |
| Debt to equity | 1.07x | 0.92x | 0.87x | 1.32x | 0.75x | 1.34x |
| Equity ratio | 31.8% | 32.4% | 31.8% | 27.1% | 34.3% | 24.8% |
| Interest coverage | 2.90x | 2.84x | 4.31x | 5.39x | 7.86x | 6.88x |
| R&D as a share of sales | — | — | 1.5% | — | — | — |
| Buybacks as a share of market value | 0.1% | -0.0% | 3.2% | -6.9% | -3.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 133.0% | 70.1% | — |
| Operating income | 171.5% | 74.4% | — |
| Net income | 293.4% | 69.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.9% | 37.6% | 37.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 2.1 | 18.5 | 11.2 | 59.4 | 19.1 |
| Price to sales | 0.1 | 1.0 | 0.7 | 0.6 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 15 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.102 | 0.977 | 1.46 | 0.86 | 0.75 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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