L 
51.00
+0.20%
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
€1.49bn
FY2016FY2025
Net income
€1.46bn
FY2016FY2025
Free cash flow
€443.4m
FY2016FY2025
Shareholders' equity
€8.69bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €1.49bn | €1.30bn | €1.24bn | €1.15bn | €961.7m | €860.8m | €812.3m | €768.5m | €796.0m | €765.2m |
| Research and development | — | — | €2 | €0 | €2 | €2 | €1 | €1 | €1 | €1 |
| Operating income | €508.3m | €325.5m | −€1.82bn | €628.1m | €2.25bn | €1.54bn | €1.29bn | €1.18bn | €1.40bn | €936.8m |
| Net income | €1.46bn | €66.0m | −€1.57bn | €234.0m | €1.72bn | €1.36bn | €817.2m | €843.0m | €841.3m | €578.1m |
| Diluted earnings per share | 19.30 | 0.89 | -21.17 | 3.16 | 22.79 | 16.24 | 9.75 | 10.06 | 10.04 | 6.90 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €21.16bn | €19.59bn | €19.30bn | €21.36bn | €20.55bn | €15.28bn | €12.92bn | €11.19bn | €10.01bn | €8.44bn |
| Cash and short-term investments | €756.5m | €305.8m | €277.5m | €360.5m | €673.6m | €332.9m | €449.1m | €228.0m | €284.3m | €162.5m |
| Total liabilities | €12.40bn | €12.19bn | €11.82bn | €12.28bn | €11.60bn | €7.89bn | €6.99bn | €6.41bn | €5.90bn | €5.00bn |
| Debt | €10.16bn | €9.72bn | €9.38bn | €9.46bn | €8.88bn | €5.87bn | €5.05bn | €4.60bn | €4.30bn | €3.77bn |
| Shareholders' equity | €8.69bn | €7.37bn | €7.46bn | €9.06bn | €8.93bn | €7.37bn | €5.91bn | €4.76bn | €4.09bn | €3.41bn |
| Shares outstanding | 76m | 74m | 74m | 74m | 76m | 84m | 84m | 84m | 84m | 84m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €462.4m | €436.5m | €447.9m | €389.0m | €353.7m | €326.1m | €318.2m | €288.6m | €269.6m | €207.0m |
| Capital spending | −€19.0m | −€18.8m | −€15.5m | −€77.9m | −€11.3m | −€15.6m | −€9.7m | −€7.0m | −€5.7m | −€7.8m |
| Free cash flow | €443.4m | €417.7m | €432.4m | €311.1m | €342.4m | €310.5m | €308.5m | €281.6m | €263.9m | €199.2m |
| Dividends paid | −€124.7m | −€153.2m | — | −€183.3m | −€185.6m | −€172.4m | −€223.1m | −€192.1m | −€174.4m | −€141.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €342.4m | €349.6m | €330.5m | €343.7m | €340.9m | €340.7m | €340.4m | €323.2m |
| Operating income | €179.6m | €153.3m | €73.6m | €157.0m | €368.1m | €272.0m | €205.3m | €144.2m |
| Net income | €203.7m | €78.2m | €330.5m | €681.5m | €203.7m | €242.5m | €57.7m | €95.1m |
| Diluted earnings per share | 2.56 | 0.98 | 4.37 | 9.02 | 2.70 | 3.21 | 0.77 | 1.28 |
| Cash from operations | €153.0m | €126.0m | €149.0m | €36.0m | €166.0m | €110.0m | €149.0m | €8.0m |
| Capital spending | −€3.0m | −€1.0m | −€5.0m | −€5.0m | −€5.0m | −€2.0m | −€9.0m | −€5.0m |
| Free cash flow | €150.0m | €125.0m | €144.0m | €31.0m | €161.0m | €108.0m | €140.0m | €3.0m |
| Total assets | €20.93bn | €20.81bn | €21.16bn | €20.46bn | €20.65bn | €20.44bn | €19.59bn | €19.71bn |
| Cash and short-term investments | €463.6m | €457.6m | €756.5m | €407.8m | €633.6m | €477.3m | €305.8m | €462.9m |
| Debt | €1.77bn | €1.88bn | €10.16bn | €9.89bn | €10.03bn | €10.12bn | €9.72bn | €9.80bn |
| Shareholders' equity | €8.82bn | €8.78bn | €8.69bn | €8.38bn | €7.69bn | €7.60bn | €7.37bn | €7.31bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 87.2% | 24.5% | -146.5% | 56.6% | -24.7% | -18.3% | — | — |
| Net margin | 97.8% | 5.1% | -126.4% | 20.4% | 179.0% | 158.1% | — | — |
| Return on equity | 16.8% | 0.9% | -21.0% | 2.6% | 19.3% | 18.5% | — | — |
| Return on assets | 6.9% | 0.3% | -8.1% | 1.1% | 8.4% | 8.9% | — | — |
| Free cash flow yield | 13.6% | 13.0% | 13.3% | 13.4% | 10.3% | 8.7% | — | — |
| Revenue growth | 14.4% | 5.0% | 8.0% | 19.5% | 11.7% | 6.0% | — | — |
| Earnings growth | 2109.4% | -104.2% | -770.4% | -86.4% | 26.5% | 66.6% | — | — |
| Current ratio | 0.35x | 0.53x | 0.83x | 1.00x | 0.46x | 0.50x | — | — |
| Debt to equity | 1.15x | 1.30x | 1.24x | 1.03x | 0.98x | 0.79x | — | — |
| Equity ratio | 41.1% | 37.6% | 38.7% | 42.4% | 43.4% | 48.2% | — | — |
| Interest coverage | 6.41x | 1.62x | -11.01x | 4.55x | -1.95x | -1.54x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -1.5% | -0.5% | 0.0% | 1.9% | 9.9% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.0% | 11.6% | 8.7% |
| Operating income | -6.8% | -19.8% | -0.8% |
| Net income | 84.0% | 1.4% | 20.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 29.8% | -6.9% | 49.0% | 81.5% |
| Net margin | 54.6% | 3.7% | 46.7% | 60.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.2 | 92.3 | -3.8 | 19.3 | 5.4 | 7.8 | 10.8 | 9.1 | 9.5 | 10.7 |
| Price to sales | 3.1 | 4.7 | 4.7 | 3.9 | 9.6 | 12.4 | 10.9 | 9.9 | 10.0 | 8.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.92 | 2.70 | 2.45 | 4.07 | 3.78 | 3.60 | 3.53 | 3.04 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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