H
41.75
+1.95%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€198.9m
FY2016FY2025
Net income
€26.4m
FY2016FY2025
Free cash flow
€20.2m
FY2016FY2025
Shareholders' equity
€129.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €198.9m | €175.2m | €150.5m | €172.4m | €179.1m | €109.1m | €74.1m | €61.9m | €60.1m | €50.1m |
| Gross profit | €127.7m | €112.6m | €94.4m | €102.3m | €109.0m | €67.1m | €44.7m | €36.1m | €35.1m | €29.3m |
| Research and development | €2.8m | €2.4m | €2.2m | €2.2m | €2.7m | €1.7m | €1.5m | €1.4m | €1.2m | — |
| Operating income | €38.3m | €35.5m | €33.0m | €38.8m | €46.6m | €22.4m | €13.3m | €9.4m | €9.3m | €9.7m |
| Net income | €26.4m | €24.2m | €23.3m | €27.1m | €33.7m | €15.5m | €9.6m | €6.8m | €2.9m | €3.3m |
| Diluted earnings per share | 1.40 | 1.29 | 1.24 | 1.44 | 1.79 | 0.82 | 0.51 | 0.36 | 0.30 | 0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €271.3m | €264.5m | €214.3m | €208.8m | €201.5m | €165.6m | €121.8m | €116.9m | €114.0m | €108.9m |
| Cash and short-term investments | €45.2m | €46.4m | €40.6m | €25.3m | €15.5m | €27.3m | €10.9m | €8.3m | €8.3m | €6.6m |
| Total liabilities | €140.7m | €140.4m | €105.6m | €110.5m | €117.3m | €96.8m | €53.0m | €51.1m | €94.7m | €92.1m |
| Debt | €102.9m | €103.7m | €78.2m | €79.8m | €59.3m | €59.2m | €39.2m | €38.5m | €81.3m | €76.9m |
| Shareholders' equity | €129.4m | €122.8m | €107.6m | €97.3m | €80.6m | €66.4m | €68.8m | €65.8m | €19.3m | €16.9m |
| Shares outstanding | 19m | 19m | 19m | 19m | 19m | 19m | 19m | 19m | 10m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €35.0m | €31.7m | €39.1m | €24.3m | €21.8m | €28.1m | €15.1m | €8.8m | €8.0m | €10.0m |
| Capital spending | −€14.8m | −€6.1m | −€3.1m | −€3.6m | −€11.8m | −€2.6m | −€1.8m | −€1.6m | −€1.2m | −€1.0m |
| Free cash flow | €20.2m | €25.5m | €36.0m | €20.7m | €10.1m | €25.5m | €13.3m | €7.2m | €6.8m | €8.9m |
| Dividends paid | −€14.0m | −€12.7m | −€12.0m | −€11.2m | −€9.5m | −€7.1m | −€6.9m | −€3.4m | −€3.4m | −€3.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €52.8m | €58.6m | €53.7m | €46.0m | €47.2m | €52.0m | €51.0m | €38.7m |
| Gross profit | €19.3m | €23.5m | €33.8m | €17.3m | €31.0m | €34.4m | €30.4m | €26.8m |
| Operating income | €8.6m | €12.9m | €11.4m | €8.8m | €7.6m | €11.9m | €8.4m | €8.3m |
| Net income | €5.5m | €9.4m | €7.6m | €6.1m | €4.4m | €8.4m | €5.4m | €5.5m |
| Diluted earnings per share | 0.29 | 0.50 | 0.40 | 0.32 | 0.23 | 0.44 | 0.29 | 0.29 |
| Cash from operations | €2.0m | €10.0m | €16.0m | €1.0m | €5.0m | €10.0m | €14.0m | €2.0m |
| Capital spending | −€3.0m | −€1.0m | −€4.0m | −€4.0m | −€3.0m | −€2.0m | −€1.0m | −€1.0m |
| Free cash flow | −€1.0m | €9.0m | €12.0m | −€3.0m | €2.0m | €8.0m | €13.0m | €1.0m |
| Total assets | €282.4m | €283.8m | €271.3m | €270.9m | €267.1m | €274.0m | €264.5m | €256.9m |
| Cash and short-term investments | €45.3m | €53.4m | €45.2m | €41.2m | €45.2m | €52.8m | €46.4m | €41.4m |
| Debt | €96.2m | €96.2m | €102.9m | €103.3m | €103.1m | €103.9m | €103.7m | €103.2m |
| Shareholders' equity | €132.4m | €140.1m | €129.4m | €121.4m | €114.9m | €128.9m | €122.8m | €113.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.9% | 12.8% | 15.7% |
| Operating income | -0.4% | 11.3% | 13.7% |
| Net income | -0.8% | 11.3% | 21.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 64.2% | 62.7% | 62.2% | 61.6% |
| Operating margin | 19.7% | 20.9% | 21.8% | 20.9% |
| Net margin | 13.5% | 14.5% | 15.2% | 13.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.5 | 33.3 | 21.9 | 12.3 | 32.8 | 29.9 | 20.4 | 14.8 |
| Price to sales | 4.1 | 4.6 | 3.4 | 1.9 | 6.2 | 4.2 | 2.6 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 16 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.77 | 0.75 | 0.68 | 0.64 | 0.60 | 0.31 | 0.38 | 0.37 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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