G 
234.00
—
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 DKK, from our data supplier.
Revenue
DKK 516.0m
FY2016FY2025
Net income
DKK 7.5m
FY2016FY2025
Free cash flow
DKK 102.4m
FY2016FY2025
Shareholders' equity
DKK 263.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 516.0m | DKK 483.5m | DKK 931.2m | DKK 1.07bn | DKK 809.7m | DKK 727.3m | DKK 708.2m | DKK 598.7m | DKK 492.8m | DKK 390.4m |
| Research and development | — | DKK 36.1m | DKK 21.0m | DKK 16.4m | DKK 15.0m | DKK 15.4m | DKK 15.6m | DKK 17.4m | DKK 9.5m | DKK 6.4m |
| Operating income | DKK 44.1m | DKK 19.7m | DKK 15.9m | DKK 85.8m | DKK 63.0m | DKK 41.9m | DKK 65.0m | DKK 60.1m | DKK 47.3m | DKK 40.0m |
| Net income | DKK 7.5m | −DKK 15.7m | −DKK 4.3m | DKK 58.2m | DKK 46.2m | DKK 25.0m | DKK 49.0m | DKK 45.2m | DKK 35.3m | DKK 34.3m |
| Diluted earnings per share | 3.81 | -8.30 | -2.29 | 30.77 | 24.43 | 13.23 | 25.92 | 23.90 | 18.65 | 18.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 745.7m | DKK 777.2m | DKK 813.8m | DKK 868.5m | DKK 731.2m | DKK 645.5m | DKK 562.3m | DKK 436.1m | DKK 398.3m | DKK 289.7m |
| Cash and short-term investments | DKK 35.9m | DKK 26.7m | DKK 38.5m | DKK 77.1m | DKK 46.6m | DKK 53.3m | DKK 39.8m | DKK 28.0m | DKK 30.0m | DKK 19.8m |
| Total liabilities | DKK 482.0m | DKK 515.6m | DKK 487.2m | DKK 509.8m | DKK 409.0m | DKK 362.1m | DKK 281.1m | DKK 184.8m | DKK 177.3m | DKK 88.1m |
| Debt | DKK 358.7m | DKK 396.6m | DKK 401.2m | DKK 387.2m | DKK 292.4m | DKK 272.4m | DKK 179.4m | DKK 85.0m | DKK 73.3m | DKK 13.4m |
| Shareholders' equity | DKK 263.7m | DKK 261.6m | DKK 326.6m | DKK 358.7m | DKK 322.1m | DKK 283.4m | DKK 281.2m | DKK 251.3m | DKK 221.0m | DKK 201.6m |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 119.7m | DKK 37.3m | DKK 26.5m | DKK 9.1m | DKK 39.4m | DKK 57.2m | DKK 43.8m | DKK 39.7m | DKK 25.6m | DKK 33.5m |
| Capital spending | −DKK 17.3m | −DKK 25.1m | −DKK 39.6m | −DKK 43.0m | −DKK 37.3m | −DKK 29.9m | −DKK 35.6m | −DKK 27.0m | −DKK 21.0m | −DKK 9.9m |
| Free cash flow | DKK 102.4m | DKK 12.2m | −DKK 13.1m | −DKK 33.9m | DKK 2.0m | DKK 27.3m | DKK 8.3m | DKK 12.6m | DKK 4.7m | DKK 23.6m |
| Dividends paid | — | — | −DKK 20.3m | −DKK 18.4m | −DKK 9.4m | −DKK 19.8m | −DKK 18.0m | −DKK 14.5m | −DKK 13.7m | −DKK 10.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 133.0m | DKK 134.1m | DKK 129.2m | DKK 125.9m | DKK 128.6m | DKK 138.1m | DKK 123.5m | −DKK 216.4m |
| Operating income | DKK 11.7m | DKK 13.3m | DKK 8.9m | DKK 12.4m | DKK 10.9m | DKK 16.8m | DKK 4.1m | DKK 228,000 |
| Net income | −DKK 22.5m | DKK 6.3m | DKK 2.2m | −DKK 7.3m | DKK 6.5m | DKK 10.4m | −DKK 2.2m | −DKK 19.4m |
| Diluted earnings per share | -12.30 | 3.47 | 1.10 | -3.71 | 3.32 | 5.31 | -1.16 | -10.26 |
| Cash from operations | DKK 14.0m | DKK 1.0m | DKK 36.0m | DKK 34.0m | DKK 34.0m | DKK 17.0m | DKK 33.0m | DKK 8.0m |
| Capital spending | −DKK 1.0m | −DKK 1.0m | — | −DKK 5.0m | −DKK 3.0m | −DKK 2.0m | −DKK 2.0m | −DKK 6.0m |
| Free cash flow | DKK 13.0m | DKK 0 | — | DKK 29.0m | DKK 31.0m | DKK 15.0m | DKK 31.0m | DKK 2.0m |
| Total assets | DKK 716.4m | DKK 710.8m | DKK 699.9m | DKK 745.7m | DKK 786.7m | DKK 809.1m | DKK 801.5m | DKK 777.2m |
| Cash and short-term investments | DKK 35.4m | DKK 30.3m | DKK 32.6m | DKK 35.9m | DKK 35.7m | DKK 38.4m | DKK 26.7m | DKK 26.7m |
| Debt | DKK 266.4m | DKK 280.0m | DKK 281.5m | DKK 314.6m | DKK 341.0m | DKK 355.2m | DKK 331.4m | DKK 369.2m |
| Shareholders' equity | DKK 227.8m | DKK 264.0m | DKK 257.3m | DKK 263.7m | DKK 274.9m | DKK 273.9m | DKK 261.6m | DKK 261.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.5% | -6.6% | 4.3% |
| Operating income | -19.9% | 1.0% | 4.9% |
| Net income | -49.6% | -21.5% | -10.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.4% | 5.5% | 6.0% | 7.2% |
| Net margin | -0.8% | 1.5% | 2.6% | 4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 62.9 | -21.7 | -115.3 | 16.6 | 26.2 | 46.9 | 30.7 | 25.3 | 27.4 | 25.6 |
| Price to sales | 0.9 | 0.7 | 0.5 | 0.9 | 1.5 | 1.6 | 2.1 | 1.9 | 2.0 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 12 Dec 2025.
| FY2026 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.00 | 10.75 | 9.75 | 5.00 | 10.50 | 9.50 | 7.65 | 7.25 |
- 5-for-1 split · 11 Jan 2008
- 2-for-1 split · 16 Jan 2002
- 3-for-2 split · 30 Mar 1993
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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