J 
1,135.00
+2.34%
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.
Net income
DKK 5.15bn
FY2016FY2025
Total assets
DKK 777.06bn
FY2016FY2025
Shareholders' equity
DKK 52.31bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | DKK 7.26bn | DKK 7.17bn | DKK 7.89bn | DKK 4.56bn | DKK 4.03bn | DKK 2.11bn | DKK 3.08bn | DKK 3.14bn | DKK 4.00bn | DKK 3.91bn |
| Net income | DKK 5.15bn | DKK 5.31bn | DKK 5.90bn | DKK 3.75bn | DKK 3.18bn | DKK 1.61bn | DKK 2.44bn | DKK 2.50bn | DKK 3.14bn | DKK 3.12bn |
| Diluted earnings per share | 88.05 | 86.37 | 91.87 | 58.00 | 47.29 | 22.25 | 32.98 | 30.65 | 36.84 | 34.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 777.06bn | DKK 750.20bn | DKK 779.67bn | DKK 750.00bn | DKK 647.12bn | DKK 672.65bn | DKK 649.74bn | DKK 599.95bn | DKK 597.44bn | DKK 586.70bn |
| Cash and short-term investments | DKK 57.76bn | DKK 55.01bn | DKK 82.05bn | DKK 66.87bn | DKK 40.22bn | DKK 45.49bn | DKK 33.28bn | DKK 19.26bn | DKK 32.39bn | DKK 20.09bn |
| Total liabilities | DKK 724.74bn | DKK 699.61bn | DKK 733.79bn | DKK 709.37bn | DKK 608.86bn | DKK 636.02bn | DKK 614.03bn | DKK 565.62bn | DKK 562.84bn | DKK 554.19bn |
| Debt | DKK 460.10bn | DKK 443.21bn | DKK 452.33bn | DKK 432.07bn | DKK 424.87bn | DKK 426.36bn | DKK 404.28bn | DKK 367.38bn | DKK 349.54bn | DKK 328.34bn |
| Shareholders' equity | DKK 52.31bn | DKK 50.59bn | DKK 45.89bn | DKK 40.62bn | DKK 38.27bn | DKK 36.63bn | DKK 35.71bn | DKK 34.33bn | DKK 34.60bn | DKK 32.51bn |
| Shares outstanding | 58m | 62m | 64m | 65m | 67m | 72m | 74m | 82m | 85m | 89m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | DKK 1.83bn | DKK 1.42bn | DKK 1.90bn | DKK 1.93bn | DKK 1.73bn | DKK 1.70bn | DKK 1.69bn | DKK 1.93bn |
| Net income | DKK 1.35bn | DKK 1.05bn | DKK 1.36bn | DKK 1.39bn | DKK 1.28bn | DKK 1.26bn | DKK 1.27bn | DKK 1.42bn |
| Diluted earnings per share | 23.64 | 18.33 | 23.18 | 23.73 | 21.90 | 21.47 | 20.62 | 23.11 |
| Total assets | DKK 755.39bn | DKK 754.62bn | DKK 777.06bn | DKK 745.12bn | DKK 766.80bn | DKK 782.35bn | DKK 750.20bn | DKK 765.16bn |
| Cash and short-term investments | DKK 21.72bn | DKK 24.16bn | DKK 57.76bn | DKK 20.39bn | DKK 52.90bn | DKK 78.78bn | DKK 55.01bn | DKK 76.38bn |
| Debt | DKK 5.31bn | DKK 7.42bn | DKK 132.34bn | DKK 6.35bn | DKK 5.84bn | DKK 5.09bn | — | DKK 5.29bn |
| Shareholders' equity | DKK 46.72bn | DKK 46.16bn | DKK 47.38bn | DKK 46.74bn | DKK 50.90bn | DKK 50.17bn | DKK 50.59bn | DKK 49.36bn |
Financial ratios
Data as of 15 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 27.2% | 23.3% | 26.1% | 30.6% | 31.1% | 16.9% | — | — | — | — |
| Net margin | 19.3% | 17.3% | 19.6% | 25.2% | 24.6% | 12.9% | — | — | — | — |
| Return on equity | 9.8% | 10.5% | 12.9% | 9.2% | 8.3% | 4.4% | — | — | — | — |
| Return on assets | 0.7% | 0.7% | 0.8% | 0.5% | 0.5% | 0.2% | — | — | — | — |
| Revenue growth | -13.3% | 1.9% | 102.9% | 15.0% | 3.9% | -5.7% | — | — | — | — |
| Earnings growth | -3.0% | -10.0% | 57.4% | 18.1% | 97.4% | -34.1% | — | — | — | — |
| Current ratio | 0.19x | 0.25x | 24.21x | 32.99x | 30.46x | 32.33x | — | — | — | — |
| Debt to equity | 2.53x | 2.73x | — | — | — | — | 11.96x | 10.89x | 10.37x | 10.42x |
| Equity ratio | 6.7% | 6.7% | 5.9% | 5.4% | 5.9% | 5.4% | — | — | — | — |
| Interest coverage | 0.59x | 0.43x | 0.51x | 0.84x | 1.08x | 0.54x | — | — | — | — |
| Buybacks as a share of market value | 4.9% | 4.3% | 0.7% | 3.7% | 7.1% | 2.3% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.1% | 12.7% | -1.0% |
| Operating income | 16.8% | 28.0% | 8.5% |
| Net income | 11.1% | 26.2% | 7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 25.1% | 26.2% | 25.8% | 25.1% |
| Net margin | 18.2% | 19.6% | 19.5% | 19.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.9 | 5.9 | 5.3 | 7.8 | 7.1 | 10.5 | 7.4 | 7.7 | 9.6 | 9.6 |
| Price to sales | 3.5 | 2.2 | 2.1 | 3.1 | 2.5 | 2.1 | 2.2 | 2.2 | 3.2 | 3.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 18 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2018 | FY2017 | FY2016 | FY2000 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 25.00 | 24.00 | 7.78 | 7.78 | 11.74 | 10.85 | 5.25 | 1.60 |
- 2-for-1 split · 13 Oct 2004
- 5-for-1 split · 13 Oct 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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