E 
28.20
+0.89%
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
$963.6m
FY2016FY2025
Net income
$86.5m
FY2016FY2025
Free cash flow
$118.9m
FY2016FY2025
Shareholders' equity
$888.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $963.6m | $854.9m | $799.1m | $718.6m | $718.7m | $629.5m | $686.3m | $612.9m | $568.6m | $520.7m |
| Gross profit | $560.6m | $534.7m | $485.6m | $439.7m | $455.4m | $391.2m | $438.6m | $386.8m | $354.8m | $328.4m |
| Research and development | $41.0m | $40.8m | $38.1m | $34.0m | $31.7m | $31.0m | $31.3m | $31.4m | $28.9m | $23.2m |
| Operating income | $129.4m | $113.8m | $89.4m | $67.1m | $95.6m | $53.3m | $99.2m | $90.5m | $80.5m | $72.2m |
| Net income | $86.5m | $68.3m | $58.4m | $42.5m | $64.0m | $6.2m | $66.0m | $79.8m | $57.6m | $51.0m |
| Diluted earnings per share | 0.20 | 0.17 | 0.14 | 0.10 | 0.16 | 0.02 | 0.17 | 0.20 | 0.13 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.74bn | $1.54bn | $1.39bn | $1.33bn | $1.25bn | $1.21bn | $1.09bn | $913.6m | $793.0m | $746.4m |
| Cash and short-term investments | $102.3m | $86.2m | $72.7m | $76.6m | $85.2m | $102.4m | $58.6m | $55.7m | $37.3m | $35.1m |
| Total liabilities | $848.7m | $758.3m | $680.7m | $689.9m | $620.3m | $637.1m | $521.7m | $376.0m | $292.6m | $279.2m |
| Debt | $541.6m | $499.8m | $467.7m | $480.9m | $448.2m | $483.4m | $360.2m | $235.5m | $158.7m | $154.5m |
| Shareholders' equity | $888.6m | $777.2m | $701.9m | $635.7m | $621.6m | $572.5m | $564.4m | $534.5m | $499.9m | $466.4m |
| Shares outstanding | 428m | 414m | 420m | 423m | 398m | 412m | 391m | 408m | 428m | 433m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $141.8m | $116.1m | $94.3m | $60.8m | $100.5m | $92.2m | $95.3m | $69.4m | $73.9m | $66.3m |
| Capital spending | −$22.9m | −$39.2m | −$42.3m | −$25.9m | −$26.7m | −$24.0m | −$31.9m | −$30.9m | −$19.2m | −$24.6m |
| Free cash flow | $118.9m | $76.8m | $52.0m | $34.8m | $73.8m | $68.2m | $63.4m | $38.6m | $54.7m | $41.7m |
| Dividends paid | — | — | — | — | — | −$9.3m | −$9.1m | −$9.2m | −$7.3m | −$7.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $258.6m | $228.6m | $256.7m | $237.6m | $232.4m | $202.8m | $224.8m | $213.5m |
| Gross profit | $164.0m | $130.2m | $149.5m | $138.3m | $144.5m | $127.8m | $142.1m | $133.6m |
| Operating income | $41.6m | $22.3m | $36.8m | $37.4m | $33.3m | $21.9m | $32.0m | $32.6m |
| Net income | $29.2m | $14.2m | $24.4m | $25.9m | $20.9m | $12.2m | $18.2m | $21.9m |
| Diluted earnings per share | 0.07 | 0.03 | 0.06 | 0.06 | 0.05 | 0.03 | 0.04 | 0.05 |
| Cash from operations | $37.0m | $9.0m | $53.0m | $48.0m | $22.0m | $13.0m | $41.0m | $41.0m |
| Capital spending | −$5.0m | −$3.0m | −$5.0m | −$5.0m | −$10.0m | −$6.0m | −$8.0m | −$8.0m |
| Free cash flow | $32.0m | $6.0m | $48.0m | $43.0m | $12.0m | $7.0m | $33.0m | $33.0m |
| Total assets | $1.72bn | $1.71bn | $1.74bn | $1.72bn | $1.68bn | $1.59bn | $1.54bn | $1.58bn |
| Cash and short-term investments | $98.8m | $93.6m | $102.3m | $101.9m | $95.2m | $93.2m | $86.2m | $81.2m |
| Debt | $387.4m | $401.2m | $387.9m | $51.1m | $420.2m | $399.9m | $381.5m | $423.2m |
| Shareholders' equity | $920.6m | $898.4m | $888.6m | $865.9m | $832.1m | $798.1m | $777.2m | $783.9m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 58.2% | 62.5% | 60.8% | 61.2% | 63.4% | 62.1% |
| Operating margin | 13.2% | 13.3% | 11.8% | 9.4% | 13.3% | 8.5% |
| Net margin | 9.0% | 8.0% | 7.3% | 5.9% | 8.9% | 1.0% |
| Return on equity | 9.7% | 8.8% | 8.3% | 6.7% | 10.3% | 1.1% |
| Return on assets | 5.0% | 4.4% | 4.2% | 3.2% | 5.1% | 0.5% |
| Free cash flow yield | 1.4% | 1.4% | 1.2% | 0.8% | 1.2% | 1.0% |
| Revenue growth | 12.7% | 7.0% | 11.2% | -0.0% | 14.2% | -8.3% |
| Earnings growth | 26.6% | 16.9% | 37.3% | -33.6% | 929.8% | -90.6% |
| Current ratio | 1.48x | 1.90x | 1.92x | 1.47x | 1.71x | 2.22x |
| Debt to equity | 0.44x | 0.49x | 0.51x | 0.57x | 0.53x | 0.66x |
| Equity ratio | 51.0% | 50.5% | 50.7% | 48.0% | 49.8% | 47.1% |
| Interest coverage | 5.80x | 4.90x | 5.23x | 6.01x | 9.76x | 5.54x |
| R&D as a share of sales | 4.3% | 4.8% | 4.8% | 4.7% | 4.4% | 4.9% |
| Buybacks as a share of market value | -3.4% | 1.5% | 0.5% | -6.1% | 3.4% | -5.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.3% | 8.9% | 7.1% |
| Operating income | 24.4% | 19.4% | 5.3% |
| Net income | 26.7% | 69.3% | 5.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 60.2% | 60.6% | 61.2% | 61.9% |
| Operating margin | 13.4% | 12.0% | 11.7% | 12.8% |
| Net margin | 8.5% | 7.7% | 7.0% | 8.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 24.9 | 33.4 | 30.6 | 51.6 | 40.7 | 497.5 | 47.9 | 24.6 | 30.6 | 33.1 |
| Price to sales | 2.2 | 2.7 | 2.2 | 3.0 | 3.6 | 4.9 | 4.6 | 3.2 | 3.1 | 3.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Mar 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.14 | 0.13 | 0.12 | 0.12 | 0.12 | 0.10 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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