309.20
+4.11%
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 84.68bn
FY2016FY2025
Net income
DKK 2.60bn
FY2016FY2025
Free cash flow
DKK 3.32bn
FY2016FY2025
Shareholders' equity
DKK 9.78bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 84.68bn | DKK 83.76bn | DKK 78.68bn | DKK 76.54bn | DKK 71.36bn | DKK 69.82bn | DKK 78.56bn | DKK 73.59bn | DKK 79.91bn | DKK 79.14bn |
| Operating income | DKK 4.07bn | DKK 3.89bn | DKK 3.14bn | DKK 2.90bn | DKK 1.70bn | −DKK 4.71bn | DKK 2.52bn | DKK 2.39bn | DKK 3.25bn | DKK 3.57bn |
| Net income | DKK 2.60bn | DKK 2.58bn | DKK 279.0m | DKK 2.06bn | DKK 615.0m | −DKK 5.21bn | DKK 1.35bn | DKK 281.0m | DKK 2.00bn | DKK 2.22bn |
| Diluted earnings per share | 15.73 | 14.27 | 1.49 | 10.90 | 3.33 | -28.18 | 7.26 | 1.51 | 10.82 | 11.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 46.63bn | DKK 51.79bn | DKK 47.69bn | DKK 47.01bn | DKK 43.66bn | DKK 43.60bn | DKK 50.06bn | DKK 49.81bn | DKK 50.84bn | DKK 48.78bn |
| Cash and short-term investments | DKK 1.86bn | DKK 6.97bn | DKK 6.21bn | DKK 5.32bn | DKK 3.50bn | DKK 2.78bn | DKK 2.73bn | DKK 6.83bn | DKK 6.28bn | DKK 4.30bn |
| Total liabilities | DKK 36.09bn | DKK 39.88bn | DKK 37.17bn | DKK 36.19bn | DKK 35.87bn | DKK 37.06bn | DKK 37.51bn | DKK 37.34bn | DKK 37.02bn | DKK 34.86bn |
| Debt | DKK 5.32bn | DKK 18.34bn | DKK 16.72bn | DKK 16.91bn | DKK 16.98bn | DKK 18.64bn | DKK 17.50bn | DKK 17.66bn | DKK 17.67bn | DKK 15.34bn |
| Shareholders' equity | DKK 9.78bn | DKK 11.14bn | DKK 9.89bn | DKK 10.16bn | DKK 7.58bn | DKK 6.52bn | DKK 12.52bn | DKK 12.46bn | DKK 13.80bn | DKK 13.91bn |
| Shares outstanding | 166m | 181m | 188m | 189m | 185m | 185m | 186m | 186m | 185m | 185m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 3.99bn | DKK 3.73bn | DKK 3.39bn | DKK 3.33bn | DKK 3.22bn | −DKK 361.0m | DKK 2.06bn | DKK 3.35bn | DKK 3.61bn | DKK 3.69bn |
| Capital spending | −DKK 667.0m | −DKK 634.0m | −DKK 719.0m | −DKK 809.0m | −DKK 628.0m | −DKK 712.0m | −DKK 1.13bn | −DKK 1.05bn | −DKK 992.0m | −DKK 875.0m |
| Free cash flow | DKK 3.32bn | DKK 3.09bn | DKK 2.67bn | DKK 2.52bn | DKK 2.59bn | −DKK 1.07bn | DKK 931.0m | DKK 2.29bn | DKK 2.62bn | DKK 2.81bn |
| Dividends paid | −DKK 534.0m | −DKK 425.0m | −DKK 390.0m | — | — | — | −DKK 1.42bn | −DKK 1.42bn | −DKK 1.42bn | −DKK 2.09bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 22.35bn | DKK 22.35bn | DKK 21.54bn | DKK 21.54bn | DKK 20.81bn | DKK 20.81bn | DKK 21.54bn | DKK 21.54bn |
| Operating income | DKK 956.0m | DKK 956.0m | DKK 1.19bn | DKK 1.19bn | DKK 790.0m | DKK 790.0m | DKK 1.19bn | DKK 1.19bn |
| Net income | DKK 600.0m | DKK 600.0m | DKK 793.5m | DKK 793.5m | DKK 508.0m | DKK 508.0m | DKK 858.5m | DKK 858.5m |
| Diluted earnings per share | 3.77 | 3.77 | 4.79 | 4.79 | 3.07 | 3.07 | 4.75 | 4.75 |
| Cash from operations | DKK 650.0m | DKK 650.0m | DKK 1.93bn | DKK 1.93bn | DKK 67.0m | DKK 67.0m | DKK 2.03bn | DKK 2.03bn |
| Capital spending | −DKK 160.0m | −DKK 160.0m | −DKK 176.0m | −DKK 176.0m | −DKK 157.0m | −DKK 157.0m | −DKK 168.0m | −DKK 168.0m |
| Free cash flow | DKK 490.0m | DKK 490.0m | DKK 1.75bn | DKK 1.75bn | −DKK 90.0m | −DKK 90.0m | DKK 1.86bn | DKK 1.86bn |
| Total assets | DKK 49.93bn | DKK 49.93bn | DKK 46.63bn | DKK 45.60bn | DKK 51.08bn | DKK 51.08bn | DKK 51.79bn | DKK 50.64bn |
| Cash and short-term investments | DKK 2.80bn | DKK 2.80bn | DKK 1.86bn | DKK 1.86bn | DKK 7.41bn | DKK 7.41bn | DKK 6.83bn | DKK 6.97bn |
| Debt | DKK 3.32bn | DKK 3.32bn | DKK 5.32bn | DKK 5.32bn | DKK 11.91bn | DKK 11.91bn | DKK 4.76bn | DKK 4.76bn |
| Shareholders' equity | DKK 9.07bn | DKK 9.07bn | DKK 9.78bn | DKK 9.78bn | DKK 9.69bn | DKK 9.69bn | DKK 11.14bn | DKK 11.14bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.4% | 3.9% | 0.6% |
| Operating income | 11.9% | — | 0.6% |
| Net income | 8.1% | — | 1.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.7% | 4.3% | 2.4% | 3.1% |
| Net margin | 3.1% | 2.3% | 0.6% | 1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.8 | 9.2 | 86.7 | 13.5 | 37.5 | -3.7 | 22.0 | 120.3 | 22.2 | 19.9 |
| Price to sales | 0.4 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.5 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 17 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.20 | 3.10 | 2.30 | 2.10 | 7.70 | 7.70 | 7.70 | 11.40 |
- 1-to-1 reverse split · 29 Jun 1999
- 6-for-5 split · 2 Jun 1993
- 5-for-1 split · 18 May 1993
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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