I
34.78
-0.57%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€1.32bn
FY2018FY2025
Net income
€229.7m
FY2018FY2025
Free cash flow
€278.0m
FY2018FY2025
Shareholders' equity
€298.9m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.32bn | €1.56bn | €1.42bn | €1.29bn | €1.10bn | €988.3m | €924.0m | €876.9m |
| Gross profit | €751.3m | €759.1m | €685.8m | €562.9m | €531.9m | €498.3m | €463.2m | €440.1m |
| Operating income | €338.9m | €317.0m | €277.5m | €204.9m | €217.1m | €223.8m | €192.0m | €181.5m |
| Net income | €229.7m | €169.7m | €174.2m | €73.8m | €60.9m | €75.5m | €54.0m | €47.2m |
| Diluted earnings per share | 1.63 | 1.17 | 1.24 | 0.53 | 169.23 | 0.54 | 0.39 | 0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | €1.67bn | €1.76bn | €1.60bn | €1.65bn | €1.59bn | €1.57bn | €1.55bn | €1.56bn |
| Cash and short-term investments | €27.3m | €30.2m | €38.4m | €28.5m | €51.6m | €105.8m | €39.8m | €46.3m |
| Total liabilities | €1.38bn | €1.60bn | €1.60bn | €1.82bn | €1.82bn | €1.90bn | €1.98bn | €2.06bn |
| Debt | €812.8m | €915.2m | €922.2m | €129.1m | €92.5m | €66.7m | €35.4m | €27,000 |
| Shareholders' equity | €298.9m | €158.6m | −€2.9m | −€162.3m | −€234.3m | −€328.7m | −€432.6m | −€503.7m |
| Shares outstanding | 141m | 145m | 140m | 140m | 0m | 140m | 140m | 140m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | €342.6m | €386.8m | €314.5m | €188.3m | €200.5m | €166.6m | €167.0m | €104.7m |
| Capital spending | −€64.5m | −€76.9m | −€81.7m | −€97.1m | −€93.0m | −€67.1m | −€74.6m | −€76.9m |
| Free cash flow | €278.0m | €309.9m | €232.8m | €91.3m | €107.5m | €99.5m | €92.5m | €27.8m |
| Dividends paid | — | — | — | −€9,000 | −€16,000 | −€19,000 | — | −€20.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €352.7m | €348.4m | €336.7m | €85.2m | €448.7m | €446.3m | €418.7m | €390.0m |
| Gross profit | €212.4m | €211.7m | €200.8m | €151.5m | €210.3m | €219.7m | €197.4m | €186.0m |
| Operating income | €93.9m | €83.2m | €84.1m | €2.2m | €89.1m | €97.2m | €79.9m | €85.5m |
| Net income | €55.2m | €52.6m | €53.5m | €60.8m | €64.7m | €50.7m | €47.1m | €48.8m |
| Diluted earnings per share | 0.40 | 0.38 | 0.38 | 0.43 | 0.46 | 0.36 | 0.33 | 0.34 |
| Cash from operations | €49.0m | €97.0m | €86.0m | €84.0m | €120.0m | €77.0m | €101.0m | €95.0m |
| Capital spending | −€35.0m | −€17.0m | −€24.0m | −€17.0m | −€8.0m | −€14.0m | −€20.0m | −€24.0m |
| Free cash flow | €14.0m | €80.0m | €62.0m | €67.0m | €112.0m | €63.0m | €81.0m | €71.0m |
| Total assets | €1.64bn | €1.64bn | €1.67bn | €1.56bn | €1.63bn | €1.68bn | €1.76bn | €1.66bn |
| Cash and short-term investments | €47.1m | €37.6m | €27.3m | €45.6m | €44.8m | €58.7m | €30.2m | €38.2m |
| Debt | €799.4m | €808.4m | €812.8m | €807.9m | €798.2m | €807.2m | €826.2m | €806.7m |
| Shareholders' equity | €331.5m | €324.4m | €298.9m | €265.5m | €214.5m | €168.3m | €158.6m | €98.5m |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 57.1% | 60.8% | 48.2% | 43.5% | 48.2% | 50.4% |
| Operating margin | 25.7% | 24.7% | 21.2% | 16.0% | 19.7% | 22.3% |
| Net margin | 17.4% | 13.6% | 12.2% | 5.7% | 5.5% | 7.6% |
| Return on equity | 76.9% | 107.0% | -5968.9% | -45.5% | -26.0% | -23.0% |
| Return on assets | 13.7% | 9.6% | 10.9% | 4.5% | 3.8% | 4.8% |
| Free cash flow yield | 8.1% | 9.0% | 7.9% | 5.7% | 2284.2% | — |
| Revenue growth | 5.5% | -12.3% | 10.1% | 17.2% | 11.6% | 7.0% |
| Earnings growth | 35.4% | -2.6% | 136.2% | 21.1% | -19.3% | 40.0% |
| Current ratio | 0.22x | 0.75x | 0.75x | 0.59x | 0.58x | 1.00x |
| Debt to equity | 2.72x | 5.12x | -278.17x | -0.08x | -0.04x | -0.04x |
| Equity ratio | 17.9% | 9.0% | -0.2% | -9.8% | -14.8% | -20.9% |
| Interest coverage | 6.70x | 4.91x | 3.52x | 2.18x | 2.30x | 2.11x |
| Buybacks as a share of market value | 2.7% | -3.3% | 0.0% | -38788.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.6% | 5.9% | — |
| Operating income | 18.3% | 8.7% | — |
| Net income | 46.0% | 24.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.5% | 49.3% | 49.3% | — |
| Operating margin | 22.8% | 20.3% | 20.5% | — |
| Net margin | 13.9% | 11.6% | 10.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 16.4 | 18.8 | 14.0 |
| Price to sales | 2.9 | 2.0 | 1.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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