K 
95.15
+0.74%
Close of 9 Nov 2026, in EUR
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€7.82bn
FY2016FY2025
Net income
€534.0m
FY2016FY2025
Free cash flow
€831.0m
FY2016FY2025
Shareholders' equity
€3.10bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €7.82bn | €7.88bn | €7.93bn | €7.15bn | €6.71bn | €6.16bn | €6.94bn | €6.62bn | €6.15bn | €5.47bn |
| Research and development | €593.0m | €73.0m | €62.0m | €53.6m | €48.2m | €45.1m | €43.1m | €40.6m | €38.2m | €46.7m |
| Operating income | €882.0m | €873.0m | €888.9m | €772.7m | €929.9m | €831.3m | €1.09bn | €979.5m | €918.2m | €873.0m |
| Net income | €534.0m | €445.0m | €552.5m | €489.3m | €621.3m | €495.5m | €588.4m | €592.8m | €535.5m | €526.3m |
| Diluted earnings per share | 3.09 | 2.76 | 3.43 | 3.04 | 3.88 | 3.08 | 3.64 | 3.68 | 3.32 | 3.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €9.21bn | €9.63bn | €8.25bn | €8.01bn | €7.20bn | €7.39bn | €6.85bn | €6.26bn | €5.73bn | €5.44bn |
| Cash and short-term investments | €1.74bn | €2.26bn | €1.29bn | €1.45bn | €1.44bn | €2.32bn | €1.94bn | €1.78bn | €1.61bn | €1.73bn |
| Total liabilities | €6.03bn | €6.50bn | €5.35bn | €5.32bn | €4.77bn | €5.47bn | €4.95bn | €4.66bn | €3.73bn | €3.47bn |
| Debt | €3.08bn | €3.47bn | €2.16bn | €2.31bn | €2.12bn | €2.96bn | €2.53bn | €2.15bn | €1.31bn | €148.8m |
| Shareholders' equity | €3.10bn | €3.04bn | €2.84bn | €2.56bn | €2.33bn | €1.83bn | €1.78bn | €1.50bn | €1.85bn | €1.81bn |
| Shares outstanding | 173m | 161m | 161m | 161m | 160m | 161m | 162m | 161m | 161m | 161m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €1.07bn | €1.04bn | €914.6m | €541.6m | €975.5m | €1.04bn | €985.8m | €725.5m | €679.9m | €769.2m |
| Capital spending | −€236.0m | −€346.0m | −€375.2m | −€352.1m | −€395.5m | −€361.6m | −€318.1m | −€323.7m | −€229.9m | −€246.3m |
| Free cash flow | €831.0m | €696.3m | €539.4m | €189.4m | €580.0m | €674.3m | €667.6m | €401.8m | €450.0m | €522.9m |
| Dividends paid | −€282.0m | −€264.0m | −€233.7m | −€298.2m | −€245.0m | −€290.2m | −€282.1m | −€871.3m | −€385.1m | −€384.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €2.16bn | €1.94bn | €1.98bn | €1.88bn | €2.00bn | €1.96bn | €1.99bn | €1.91bn |
| Operating income | €485.0m | €261.0m | €267.0m | €183.0m | €228.0m | €204.0m | €216.8m | €218.7m |
| Net income | €173.0m | €153.0m | €116.0m | €143.0m | €140.0m | €135.0m | €17.0m | €129.9m |
| Diluted earnings per share | 1.08 | 0.96 | 0.67 | 0.83 | 0.81 | 0.78 | 0.11 | 0.81 |
| Cash from operations | €333.0m | €67.0m | €612.0m | €176.0m | €208.0m | €66.0m | €613.0m | €257.0m |
| Capital spending | −€48.0m | −€37.0m | −€118.0m | −€50.0m | −€61.0m | −€54.0m | −€86.0m | −€53.0m |
| Free cash flow | €285.0m | €30.0m | €494.0m | €126.0m | €147.0m | €12.0m | €527.0m | €204.0m |
| Total assets | €9.47bn | €9.42bn | €9.21bn | €8.78bn | €8.59bn | €9.74bn | €9.61bn | €9.49bn |
| Cash and short-term investments | €1.22bn | €1.26bn | €1.74bn | €1.40bn | €1.43bn | €2.35bn | €2.26bn | €1.76bn |
| Debt | €729.0m | €702.0m | €3.08bn | €3.13bn | €3.10bn | €3.96bn | €4.03bn | €3.91bn |
| Shareholders' equity | €3.20bn | €3.29bn | €3.10bn | €3.03bn | €2.88bn | €3.13bn | €3.04bn | €2.96bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 11.3% | 11.1% | 11.2% | 10.8% | 13.9% | 13.5% |
| Net margin | 6.8% | 5.6% | 7.0% | 6.8% | 9.3% | 8.0% |
| Return on equity | 17.2% | 14.6% | 19.5% | 19.1% | 26.7% | 27.1% |
| Return on assets | 5.8% | 4.6% | 6.7% | 6.1% | 8.6% | 6.7% |
| Free cash flow yield | 7.1% | 8.1% | 7.6% | 5.2% | 8.1% | 8.2% |
| Revenue growth | -0.8% | -0.5% | 10.9% | 6.6% | 8.9% | -11.2% |
| Earnings growth | 20.0% | -19.5% | 12.9% | -21.3% | 25.4% | -15.8% |
| Current ratio | 1.87x | 1.63x | 1.75x | 1.65x | 1.46x | 1.32x |
| Debt to equity | 0.83x | 1.16x | 0.74x | 0.87x | 0.72x | 1.44x |
| Equity ratio | 33.7% | 31.6% | 34.4% | 32.0% | 32.3% | 24.8% |
| Interest coverage | 8.09x | 8.16x | 8.80x | 16.38x | 17.67x | 19.71x |
| R&D as a share of sales | 7.6% | 0.9% | 0.8% | 0.8% | 0.7% | 0.7% |
| Buybacks as a share of market value | -7.1% | 0.0% | 0.0% | -0.6% | 0.5% | 0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.0% | 4.9% | 3.0% |
| Operating income | 4.5% | 1.2% | -2.1% |
| Net income | 3.0% | 1.5% | -2.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.2% | 11.1% | 11.9% | 13.6% |
| Net margin | 6.2% | 6.6% | 7.2% | 8.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.8 | 25.5 | 17.1 | 16.8 | 22.4 | 36.3 | 24.9 | 21.4 |
| Price to sales | 2.1 | 1.4 | 1.2 | 1.1 | 2.1 | 2.9 | 2.1 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 4 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.90 | 1.75 | 1.64 | 1.45 | 1.85 | 1.52 | 1.80 | 1.75 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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