37.14
-0.11%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€2.75bn
FY2016FY2025
Net income
−€477.0m
FY2016FY2025
Free cash flow
−€751.0m
FY2016FY2025
Shareholders' equity
€718.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €2.75bn | €2.93bn | €3.34bn | €5.01bn | €3.71bn | €2.81bn | €3.67bn | €3.75bn | €3.55bn | €2.95bn |
| Research and development | €15.0m | €22.0m | €44.0m | €17.0m | €21.0m | €31.0m | €25.0m | €28.0m | €28.0m | €34.0m |
| Operating income | −€132.0m | €51.0m | −€193.0m | €1.02bn | €1.00bn | €24.0m | €219.0m | €485.0m | €526.0m | −€109.0m |
| Net income | −€477.0m | €14.0m | €109.0m | €740.0m | €298.0m | −€675.0m | −€184.0m | €53.0m | €203.0m | −€179.0m |
| Diluted earnings per share | -16.66 | 0.49 | 3.63 | 25.90 | 10.43 | -25.50 | -6.94 | 1.84 | 6.95 | -6.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €5.88bn | €6.46bn | €6.28bn | €7.28bn | €6.35bn | €6.62bn | €6.17bn | €6.00bn | €6.09bn | €5.88bn |
| Cash and short-term investments | €591.0m | €913.0m | €1.61bn | €1.66bn | €1.18bn | €1.81bn | €921.0m | €1.36bn | €2.05bn | €1.69bn |
| Total liabilities | €4.39bn | €4.48bn | €4.28bn | €5.04bn | €4.91bn | €5.49bn | €4.53bn | €4.09bn | €4.10bn | €4.09bn |
| Debt | €2.47bn | €2.22bn | €2.23bn | €2.00bn | €2.11bn | €3.19bn | €2.23bn | €2.08bn | €2.28bn | €2.37bn |
| Shareholders' equity | €718.0m | €1.44bn | €1.60bn | €1.78bn | €1.01bn | €725.0m | €1.40bn | €1.61bn | €1.69bn | €1.51bn |
| Shares outstanding | 29m | 29m | 30m | 29m | 29m | 26m | 27m | 29m | 29m | 26m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€279.0m | −€125.0m | €172.0m | €991.0m | €643.0m | €309.0m | €86.0m | €437.0m | €687.0m | €98.0m |
| Capital spending | −€472.0m | −€687.0m | −€595.0m | −€530.0m | −€312.0m | −€342.0m | −€456.0m | −€299.0m | −€236.0m | −€212.0m |
| Free cash flow | −€751.0m | −€812.0m | −€423.0m | €461.0m | €331.0m | −€33.0m | −€370.0m | €138.0m | €451.0m | −€114.0m |
| Dividends paid | −€43.0m | −€43.0m | −€100.0m | −€72.0m | −€4.0m | −€4.0m | −€20.0m | −€65.0m | −€4.0m | −€4.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.54bn | €1.37bn | €1.38bn | €1.44bn | €1.49bn | €1.65bn | €1.60bn | €815.0m |
| Operating income | €32.0m | −€67.0m | −€95.0m | €120.0m | −€45.0m | €138.0m | −€11.0m | −€48.5m |
| Net income | −€195.0m | −€325.0m | −€152.0m | €55.0m | −€41.0m | €11.0m | €98.0m | €26.0m |
| Diluted earnings per share | -6.81 | -11.35 | -5.31 | 1.92 | -1.43 | 0.37 | 3.26 | 0.90 |
| Cash from operations | — | −€96.0m | −€183.0m | €148.0m | −€159.0m | €308.0m | €131.0m | — |
| Capital spending | — | −€231.0m | −€233.0m | −€369.0m | −€280.0m | −€565.0m | −€356.0m | — |
| Free cash flow | — | −€327.0m | −€416.0m | −€221.0m | −€439.0m | −€257.0m | −€225.0m | — |
| Total assets | — | €5.88bn | €6.15bn | €6.46bn | €6.80bn | €6.38bn | €6.36bn | €6.36bn |
| Cash and short-term investments | — | €591.0m | €746.0m | €913.0m | €1.59bn | €1.61bn | €1.39bn | €1.39bn |
| Debt | — | €2.47bn | €2.43bn | €2.17bn | €2.24bn | €2.16bn | €2.02bn | €1.56bn |
| Shareholders' equity | — | €718.0m | €1.04bn | €1.44bn | €1.59bn | €1.60bn | €1.71bn | €2.13bn |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -4.8% | 7.9% | -0.9% | 21.0% | 24.0% | 0.4% |
| Net margin | -17.3% | 0.5% | 3.3% | 14.8% | 8.0% | -24.0% |
| Return on equity | -66.4% | 1.0% | 6.8% | 41.5% | 29.4% | -93.1% |
| Return on assets | -8.1% | 0.2% | 1.7% | 10.2% | 4.7% | -10.2% |
| Free cash flow yield | 17.6% | 51.3% | 66.7% | 139.0% | 87.3% | 64.2% |
| Revenue growth | -6.1% | -12.2% | -33.4% | 35.1% | 31.8% | -23.3% |
| Earnings growth | -3507.1% | -87.2% | -85.3% | 148.3% | -144.1% | 266.8% |
| Current ratio | 1.37x | 1.64x | 1.70x | 1.30x | 1.15x | 2.27x |
| Debt to equity | 3.44x | 1.51x | 1.35x | 1.08x | 2.02x | 4.30x |
| Equity ratio | 12.2% | 22.3% | 25.5% | 24.5% | 15.9% | 10.9% |
| Interest coverage | -0.80x | 1.18x | -0.19x | 9.00x | 7.24x | 0.09x |
| R&D as a share of sales | 0.5% | 0.8% | 1.3% | 0.3% | 0.6% | 1.1% |
| Buybacks as a share of market value | -0.1% | 4.8% | -5.1% | -0.0% | -7.9% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.1% | -0.4% | -0.9% |
| Operating income | — | — | -9.1% |
| Net income | — | -6.7% | -4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.4% | 5.3% | 8.6% | 6.8% |
| Net margin | -8.1% | 2.7% | 0.0% | -2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.5 | 110.6 | 19.7 | 3.2 | 6.9 | -1.7 | -6.6 | 32.9 | 14.2 | -8.4 |
| Price to sales | 0.6 | 0.5 | 0.6 | 0.5 | 0.6 | 0.4 | 0.3 | 0.5 | 0.8 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 2 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 1.50 | 3.50 | 2.50 | 0.60 | 2.30 | 1.30 | 2.25 |
- 1-to-1 reverse split · 2 Jan 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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