12.14
+3.85%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€8.92bn
FY2016FY2025
Net income
€123.0m
FY2016FY2025
Free cash flow
€203.6m
FY2016FY2025
Shareholders' equity
€997.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €8.92bn | €7.95bn | €7.45bn | €7.35bn | €6.80bn | €5.78bn | €5.77bn | €5.37bn | €4.91bn | €4.35bn |
| Research and development | — | €216.3m | €170.3m | €187.3m | €182.1m | €171.3m | €134.0m | €122.0m | €113.0m | €96.0m |
| Operating income | €179.5m | €67.4m | €110.4m | −€285.2m | €172.1m | −€198.8m | €82.7m | €246.6m | €160.6m | €99.3m |
| Net income | €123.0m | €32.8m | −€52.8m | −€308.9m | €21.8m | −€240.1m | −€123.9m | €72.4m | €57.1m | €13.8m |
| Diluted earnings per share | 0.37 | 0.10 | -0.03 | -1.82 | 0.01 | -0.14 | -0.07 | 0.04 | 0.03 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €10.35bn | €9.56bn | €8.71bn | €8.71bn | €9.08bn | €8.69bn | €7.26bn | €7.23bn | €6.40bn | €5.68bn |
| Cash and short-term investments | €513.0m | €684.5m | €757.3m | €564.6m | €1.24bn | €1.27bn | €381.8m | €676.5m | €274.4m | €219.5m |
| Total liabilities | €9.31bn | €8.72bn | €8.28bn | €8.12bn | €8.25bn | €7.92bn | €6.21bn | €5.97bn | €5.09bn | €4.44bn |
| Debt | €2.19bn | €2.17bn | €2.87bn | €3.21bn | €3.55bn | €3.82bn | €2.06bn | €1.89bn | €1.38bn | €1.68bn |
| Shareholders' equity | €997.0m | €849.5m | €433.1m | €585.5m | €818.6m | €761.5m | €1.02bn | €1.25bn | €1.24bn | €1.09bn |
| Shares outstanding | 334m | 323m | 1,692m | 170m | 1,718m | 1,695m | 1,689m | 1,702m | 1,700m | 1,692m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €596.3m | €444.7m | €636.9m | −€57.7m | €862.4m | −€543.4m | €22.2m | €41.7m | €546.9m | €575.0m |
| Capital spending | −€392.7m | −€263.9m | −€258.3m | −€294.9m | −€357.8m | −€309.3m | −€279.0m | −€161.3m | −€162.7m | −€223.7m |
| Free cash flow | €203.6m | €180.8m | €378.5m | −€352.6m | €504.6m | −€852.7m | −€256.8m | −€119.6m | €384.2m | €351.3m |
| Dividends paid | — | −€200,000 | −€120,000 | — | — | — | −€16.9m | −€16.9m | −€167,000 | −€167,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €4.36bn | €2.22bn | €4.70bn | €2.18bn | €2.28bn | €2.28bn | €2.37bn | €1.92bn |
| Operating income | −€16.0m | €106.8m | −€1.94bn | −€29.7m | €143.2m | €143.2m | €128.4m | −€1.64bn |
| Net income | €106.1m | €53.1m | €84.7m | €42.4m | €19.1m | €19.1m | €32.8m | €24.5m |
| Diluted earnings per share | 0.31 | 0.15 | 0.25 | 0.13 | 0.06 | 0.06 | 0.10 | 0.08 |
| Cash from operations | €287.0m | €143.0m | €397.0m | €198.0m | €198.0m | €99.0m | €514.0m | — |
| Capital spending | −€138.0m | −€69.0m | −€131.0m | −€65.0m | −€34.0m | −€34.0m | −€108.0m | — |
| Free cash flow | €149.0m | €74.0m | €266.0m | €133.0m | €164.0m | €65.0m | €406.0m | — |
| Total assets | €10.90bn | €10.73bn | €10.35bn | €10.35bn | €10.43bn | €10.43bn | €9.56bn | €5.74bn |
| Cash and short-term investments | €591.0m | €590.7m | €513.0m | €513.2m | €503.6m | €503.6m | €684.5m | — |
| Debt | €1.79bn | €1.21bn | €2.19bn | €1.44bn | €2.53bn | €1.58bn | €2.83bn | — |
| Shareholders' equity | €1.61bn | €1.61bn | €997.0m | €997.3m | €878.0m | €878.0m | €849.5m | €769.0m |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 1.2% | 3.7% | 2.2% | -3.1% | 2.6% | -2.9% | — |
| Net margin | 1.4% | 0.4% | -0.7% | -4.2% | 0.3% | -4.2% | — |
| Return on equity | 12.3% | 3.9% | -12.2% | -52.8% | 2.7% | -31.5% | — |
| Return on assets | 1.2% | 0.3% | -0.6% | -3.5% | 0.2% | -2.8% | — |
| Free cash flow yield | 24.5% | 18.2% | 4.4% | 11.6% | 5.9% | -1.1% | — |
| Revenue growth | 12.2% | 6.8% | 1.3% | 8.1% | 17.6% | 0.1% | — |
| Earnings growth | 274.6% | -162.1% | -82.9% | -1518.3% | -109.1% | 93.7% | — |
| Current ratio | 0.88x | 1.01x | 0.91x | 0.96x | 1.03x | 1.15x | — |
| Debt to equity | 2.20x | 2.62x | 6.41x | 5.29x | 4.22x | 4.92x | — |
| Equity ratio | 9.6% | 8.9% | 5.0% | 6.7% | 9.0% | 8.8% | — |
| Interest coverage | 0.60x | 1.14x | 0.70x | -2.22x | 2.13x | -2.26x | — |
| R&D as a share of sales | — | 2.7% | 2.3% | 2.5% | 2.7% | 3.0% | 2.3% |
| Buybacks as a share of market value | -3.7% | 80.9% | -896.2% | 90.1% | -1.4% | -0.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.7% | 9.1% | 8.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.5% | 0.2% | 0.1% | 0.6% |
| Net margin | 0.9% | -0.7% | -1.0% | -1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 45.4 | 68.1 | -138.5 | -2.3 | 369.2 | -30.0 | -97.3 | 168.0 | 288.8 | 451.2 |
| Price to sales | 0.6 | 0.3 | 1.0 | 0.1 | 1.2 | 1.3 | 2.1 | 2.3 | 3.4 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Apr 2019.
| FY2019 | FY2018 | |
|---|---|---|
| Paid in the year | 0.078 | 0.078 |
- 10-to-1 reverse split · 17 Jun 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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