H 
361.00
-1.26%
Close of 9 Nov 2026, in EUR
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€38.24bn
FY2016FY2025
Net income
€902.3m
FY2016FY2025
Free cash flow
€1.61bn
FY2016FY2025
Shareholders' equity
€1.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €38.24bn | €33.30bn | €27.76bn | €26.22bn | €21.38bn | €22.95bn | €25.85bn | €23.88bn | €22.63bn | €19.91bn |
| Research and development | — | — | €5.4m | €11.7m | €22.2m | €30.9m | €16.3m | €2.9m | €4.1m | €4.5m |
| Operating income | €993.8m | €569.9m | €890.7m | €816.2m | €582.2m | €1.13bn | €1.29bn | €1.14bn | €891.5m | €628.5m |
| Net income | €902.3m | €775.6m | €522.7m | €481.8m | €293.4m | €427.2m | −€335.2m | €541.1m | €420.7m | €320.5m |
| Diluted earnings per share | 11.99 | 10.31 | 6.95 | 6.41 | 4.30 | 6.20 | -4.86 | 7.85 | 6.10 | 4.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €24.94bn | €24.65bn | €19.01bn | €18.30bn | €16.24bn | €16.98bn | €17.90bn | €14.45bn | €13.35bn | €14.05bn |
| Cash and short-term investments | €7.07bn | €6.25bn | €5.78bn | €4.94bn | €4.57bn | €5.14bn | €4.61bn | €3.64bn | €3.33bn | €3.29bn |
| Total liabilities | €23.55bn | €23.46bn | €17.74bn | €17.07bn | €15.15bn | €16.02bn | €16.32bn | €11.98bn | €10.81bn | €11.46bn |
| Debt | €8.22bn | €8.06bn | €5.22bn | €5.51bn | €4.67bn | €5.35bn | €5.45bn | €3.44bn | €2.42bn | €1.63bn |
| Shareholders' equity | €1.27bn | €1.07bn | €1.24bn | €1.13bn | €801.0m | €669.6m | €1.28bn | €1.91bn | €1.79bn | €1.82bn |
| Shares outstanding | 75m | 75m | 75m | 75m | 68m | 69m | 69m | 69m | 69m | 69m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €2.04bn | €2.13bn | €1.34bn | €1.05bn | €387.2m | €707.3m | €1.60bn | €1.37bn | €1.37bn | €1.17bn |
| Capital spending | −€424.7m | −€473.7m | −€210.8m | −€187.5m | −€79.2m | −€397.3m | −€587.3m | −€411.4m | −€357.4m | −€272.6m |
| Free cash flow | €1.61bn | €1.66bn | €1.12bn | €863.3m | €308.0m | €310.1m | €1.01bn | €963.3m | €1.01bn | €900.8m |
| Dividends paid | −€508.9m | −€385.5m | −€300.8m | −€161.8m | −€319.3m | −€441.0m | −€462.0m | −€317.9m | −€167.0m | −€225.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €10.74bn | €9.39bn | €10.13bn | €9.74bn | €9.45bn | €8.92bn | €9.72bn | €8.93bn |
| Operating income | €417.7m | €366.3m | €506.6m | €344.1m | €300.7m | €455.1m | €405.8m | €347.4m |
| Net income | €257.6m | €210.0m | €246.7m | €174.6m | €173.2m | €307.8m | €196.7m | €142.6m |
| Diluted earnings per share | 3.42 | 2.79 | 3.28 | 2.32 | 2.30 | 4.09 | 2.61 | 1.90 |
| Cash from operations | €962.0m | −€527.0m | €1.61bn | €272.0m | €969.0m | −€815.0m | €1.64bn | €179.0m |
| Capital spending | −€120.0m | −€108.0m | −€54.0m | −€169.0m | −€102.0m | −€98.0m | −€179.0m | −€146.0m |
| Free cash flow | €842.0m | −€635.0m | €1.56bn | €103.0m | €867.0m | −€913.0m | €1.46bn | €33.0m |
| Total assets | €28.22bn | €25.20bn | €24.94bn | €23.59bn | €23.11bn | €23.56bn | €24.65bn | €24.05bn |
| Cash and short-term investments | €8.96bn | €6.64bn | €7.07bn | €5.62bn | €5.83bn | €5.90bn | €6.25bn | €5.53bn |
| Debt | €772.0m | €678.9m | €8.46bn | €8.59bn | €7.18bn | €7.70bn | €8.22bn | €7.90bn |
| Shareholders' equity | €1.30bn | €1.54bn | €1.27bn | €983.0m | €720.7m | €1.23bn | €1.07bn | €720.8m |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 2.6% | 1.7% | 3.2% | 3.1% | 2.7% | 4.9% | — | — |
| Net margin | 2.4% | 2.3% | 1.9% | 1.8% | 1.4% | 1.9% | — | — |
| Return on equity | 71.2% | 72.4% | 42.3% | 42.5% | 36.6% | 63.8% | — | — |
| Return on assets | 3.6% | 3.1% | 2.8% | 2.6% | 1.8% | 2.5% | — | — |
| Free cash flow yield | 8.1% | 8.6% | 5.1% | 4.1% | 1.7% | 4.0% | — | — |
| Revenue growth | 14.8% | 20.0% | 5.9% | 22.6% | -6.9% | -11.2% | — | — |
| Earnings growth | 16.3% | 48.4% | 8.5% | 64.2% | -31.3% | -227.4% | — | — |
| Current ratio | 1.13x | 1.12x | 1.11x | 1.11x | 1.12x | 1.09x | — | — |
| Debt to equity | 6.15x | 7.18x | 4.19x | 4.71x | 5.72x | 7.55x | — | — |
| Equity ratio | 5.1% | 4.3% | 6.5% | 6.2% | 4.9% | 3.9% | — | — |
| Interest coverage | 2.00x | 1.32x | 3.34x | 4.27x | 3.92x | 5.75x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% | 0.0% |
| Buybacks as a share of market value | -0.0% | -0.0% | -0.0% | -10.3% | 1.1% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.4% | 10.7% | 6.1% |
| Operating income | 6.8% | -2.5% | 5.6% |
| Net income | 23.3% | 16.1% | 15.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.2% | 2.6% | 2.9% | 3.4% |
| Net margin | 2.3% | 2.1% | 2.0% | 1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 28.1 | 12.5 | 14.4 | 8.2 | 16.5 | 12.8 | -23.4 | 15.0 | 24.2 | 28.6 |
| Price to sales | 0.7 | 0.3 | 0.3 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.60 | 5.23 | 4.40 | 4.00 | 1.91 | 3.93 | 5.80 | 4.98 |
- 1-to-1 reverse split · 25 Oct 2001
- 10-for-1 split · 1 Aug 1996
- 7-for-6 split · 5 Jul 1994
- 5-for-4 split · 14 Jul 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.