H 
23.30
-2.92%
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 2.96bn
FY2016FY2025
Net income
−DKK 26.2m
FY2016FY2025
Free cash flow
DKK 115.9m
FY2016FY2025
Shareholders' equity
DKK 2.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 2.96bn | DKK 2.30bn | DKK 2.38bn | DKK 4.33bn | DKK 4.31bn | DKK 3.60bn | DKK 3.50bn | DKK 3.35bn | DKK 3.06bn | DKK 2.75bn |
| Research and development | — | DKK 16.7m | DKK 13.8m | DKK 15.3m | DKK 17.2m | DKK 18.2m | DKK 8.3m | — | — | — |
| Operating income | DKK 15.4m | DKK 55.8m | DKK 62.0m | DKK 268.0m | DKK 355.0m | DKK 220.2m | DKK 270.9m | DKK 173.2m | DKK 215.5m | DKK 163.2m |
| Net income | −DKK 26.2m | −DKK 5.1m | DKK 14.7m | DKK 170.3m | DKK 264.6m | DKK 92.2m | DKK 233,000 | DKK 90.0m | DKK 111.3m | DKK 84.8m |
| Diluted earnings per share | -1.22 | -0.25 | 0.68 | 8.35 | 13.93 | 4.61 | 0.01 | 4.09 | 5.05 | 3.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 3.90bn | DKK 3.37bn | DKK 3.26bn | DKK 3.57bn | DKK 3.58bn | DKK 3.41bn | DKK 4.53bn | DKK 4.12bn | DKK 3.90bn | DKK 3.13bn |
| Cash and short-term investments | DKK 377.5m | DKK 300.6m | DKK 223.5m | DKK 5.2m | DKK 55.4m | DKK 77.9m | DKK 1.01bn | DKK 773.3m | DKK 513.6m | DKK 311.0m |
| Total liabilities | DKK 1.81bn | DKK 1.29bn | DKK 1.17bn | DKK 1.69bn | DKK 1.69bn | DKK 1.55bn | DKK 2.75bn | DKK 2.35bn | DKK 2.21bn | DKK 1.60bn |
| Debt | DKK 575.0m | DKK 571.9m | DKK 579.6m | DKK 773.1m | DKK 768.4m | DKK 775.0m | DKK 1.81bn | DKK 1.56bn | DKK 1.44bn | DKK 1.01bn |
| Shareholders' equity | DKK 2.09bn | DKK 2.08bn | DKK 2.10bn | DKK 1.88bn | DKK 1.88bn | DKK 1.86bn | DKK 1.78bn | DKK 1.78bn | DKK 1.69bn | DKK 1.53bn |
| Shares outstanding | 21m | 20m | 21m | 20m | 19m | 20m | 20m | 22m | 22m | 22m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 135.8m | DKK 115.5m | DKK 249.4m | DKK 268.5m | DKK 258.5m | DKK 141.3m | DKK 134.4m | DKK 174.7m | DKK 20.5m | DKK 20.1m |
| Capital spending | −DKK 19.9m | −DKK 5.5m | −DKK 21.6m | −DKK 35.6m | −DKK 21.8m | −DKK 31.0m | −DKK 43.5m | −DKK 43.6m | −DKK 38.7m | −DKK 22.4m |
| Free cash flow | DKK 115.9m | DKK 110.0m | DKK 227.9m | DKK 232.9m | DKK 236.7m | DKK 110.3m | DKK 91.0m | DKK 131.2m | −DKK 18.1m | −DKK 2.3m |
| Dividends paid | — | — | — | −DKK 132.3m | −DKK 60.0m | −DKK 60.0m | −DKK 60.0m | −DKK 60.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 854.8m | DKK 822.7m | DKK 1.58bn | DKK 790.9m | DKK 740.0m | DKK 687.4m | DKK 617.4m | DKK 617.4m |
| Operating income | DKK 6.2m | −DKK 32.2m | −DKK 2.7m | −DKK 1.3m | DKK 11.7m | DKK 9.1m | DKK 16.1m | DKK 17.6m |
| Net income | −DKK 77.1m | −DKK 39.6m | −DKK 34.1m | −DKK 17.0m | DKK 7.8m | DKK 3.9m | −DKK 5.9m | −DKK 5.9m |
| Diluted earnings per share | -3.50 | -1.80 | -1.59 | -0.80 | 0.36 | 0.18 | -0.29 | -0.29 |
| Cash from operations | −DKK 74.0m | −DKK 37.0m | DKK 150.0m | DKK 75.0m | −DKK 14.0m | −DKK 7.0m | −DKK 18.0m | −DKK 9.0m |
| Capital spending | −DKK 6.0m | −DKK 6.0m | −DKK 11.0m | −DKK 5.0m | −DKK 4.0m | −DKK 4.0m | −DKK 1.0m | −DKK 1.0m |
| Free cash flow | −DKK 80.0m | −DKK 43.0m | DKK 139.0m | DKK 70.0m | −DKK 18.0m | −DKK 11.0m | −DKK 19.0m | −DKK 10.0m |
| Total assets | DKK 4.22bn | — | DKK 3.90bn | DKK 3.90bn | DKK 3.65bn | — | DKK 3.37bn | DKK 3.37bn |
| Cash and short-term investments | DKK 278.3m | DKK 377.5m | DKK 377.5m | DKK 377.5m | DKK 263.3m | DKK 300.6m | DKK 300.6m | DKK 300.6m |
| Debt | DKK 521.5m | — | DKK 27.7m | DKK 27.7m | DKK 527.9m | — | DKK 24.0m | DKK 24.0m |
| Shareholders' equity | DKK 2.01bn | DKK 2.09bn | DKK 2.09bn | DKK 2.09bn | DKK 2.11bn | DKK 2.08bn | DKK 2.08bn | DKK 2.08bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.9% | -3.9% | 1.0% |
| Operating income | -61.4% | -41.3% | -18.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.4% | 3.4% | 4.9% | 5.4% |
| Net margin | -0.6% | 1.3% | 2.6% | 2.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -30.3 | -236.2 | 68.2 | 4.9 | 8.5 | 27.1 |
| Price to sales | 0.3 | 0.5 | 0.4 | 0.2 | 0.5 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Apr 2022.
| FY2022 | FY2021 | |
|---|---|---|
| Paid in the year | 7.35 | 3.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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