I 
4.26
0.00%
Close of 6 Nov 2026, in ISK
At a glance
Figures in EUR, from our data supplier.
Revenue
€63.55bn
FY2016FY2025
Net income
€380.6m
FY2016FY2025
Free cash flow
−€433.1m
FY2016FY2025
Shareholders' equity
€11.46bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €63.55bn | €69.44bn | €61.65bn | €420.8m | €449.0m | €369.8m | €448.2m | €346.0m | €249.1m | €246.3m |
| Gross profit | €9.65bn | €10.51bn | €9.24bn | €71.1m | €68.4m | €49.7m | €61.6m | €46.8m | €34.2m | €33.8m |
| Operating income | €2.10bn | €2.69bn | €1.07bn | €15.0m | €14.1m | €4.5m | €58.6m | €7.9m | €4.8m | €4.5m |
| Net income | €380.6m | €1.02bn | −€2.90bn | −€9.7m | €8.8m | −€37,000 | €5.2m | €4.0m | €2.6m | €2.6m |
| Diluted earnings per share | 0.12 | 0.33 | -0.95 | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €40.06bn | €36.41bn | €254.8m | €290.3m | €279.4m | €34.63bn | €209.5m | €193.8m | €88.2m | €75.0m |
| Cash and short-term investments | — | — | — | — | — | — | — | — | — | €1.8m |
| Total liabilities | €28.25bn | €25.48bn | €182.1m | €209.0m | €187.6m | €23.83bn | €129.2m | €134.5m | €70.4m | €59.8m |
| Debt | €5.10bn | €119.1m | €115.6m | €106.5m | €124.1m | €113.7m | €78.1m | €82.5m | €41.1m | €36.5m |
| Shareholders' equity | €11.46bn | €10.61bn | €71.0m | €79.4m | €89.4m | €10.79bn | €76.4m | €56.5m | €17.6m | €15.3m |
| Shares outstanding | 3,064m | 3,064m | 3,064m | 2,714m | 2,714m | 2,674m | 2,561m | 2,325m | 1,300m | 1,223m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €1.00bn | €340.0m | €1.61bn | −€21.8m | €9.0m | €10,000 | €4.0m | €4.1m | −€3.4m | €6.5m |
| Capital spending | −€1.43bn | −€669.1m | −€989.0m | −€7.9m | −€5.4m | −€9.7m | −€5.7m | −€2.1m | −€774,000 | −€1.2m |
| Free cash flow | −€433.1m | −€329.1m | €623.5m | −€29.8m | €3.5m | −€9.6m | −€1.8m | €2.0m | −€4.2m | €5.3m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €19.60bn | €16.31bn | €16.43bn | €17.10bn | €18.52bn | €14.63bn | €14.08bn | €16.32bn |
| Gross profit | €3.25bn | €2.38bn | €2.36bn | €2.54bn | €3.14bn | €2.14bn | €1.97bn | €2.36bn |
| Operating income | €1.11bn | €537.7m | €392.2m | €643.3m | €1.25bn | €328.9m | €121.6m | €399.8m |
| Net income | €659.2m | €202.6m | €11.0m | €143.3m | €587.3m | −€113.9m | −€115.6m | €22.7m |
| Diluted earnings per share | 0.22 | 0.07 | 0.00 | 0.05 | 0.19 | -0.04 | -0.04 | 0.01 |
| Cash from operations | −€681.0m | €569.0m | €194.0m | €918.0m | €634.0m | €517.0m | €1.61bn | −€16.0m |
| Capital spending | −€1.01bn | −€181.0m | −€127.0m | −€113.0m | — | −€296.0m | −€330.0m | −€1.0m |
| Free cash flow | −€1.69bn | €388.0m | €67.0m | €805.0m | — | €221.0m | €1.28bn | −€17.0m |
| Total assets | €40.06bn | €34.95bn | €36.06bn | €36.74bn | €36.41bn | €34.29bn | €36.33bn | €39.06bn |
| Debt | €5.10bn | €4.86bn | €4.99bn | €995.3m | €1.13bn | €1.82bn | €1.97bn | €5.49bn |
| Shareholders' equity | €11.46bn | €10.80bn | €10.58bn | €10.68bn | €10.61bn | €9.95bn | €10.11bn | €10.21bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 432.6% | 179.9% | 73.4% |
| Operating income | 419.6% | 241.1% | 89.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.2% | 15.1% | 15.1% | 15.1% |
| Operating margin | 3.6% | 3.0% | 3.0% | 3.0% |
| Net margin | 1.1% | -0.8% | -0.8% | -0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 0.3 | 0.1 | -0.0 | -11.8 | 31.8 | -6333.6 | 34.1 | 35.0 | 22.8 | 16.5 |
| Price to sales | — | — | — | 0.3 | 0.6 | 0.6 | 0.4 | 0.4 | 0.2 | 0.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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