L 
12.81
-2.21%
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
€5.67bn
FY2016FY2025
Net income
−€577.0m
FY2016FY2025
Free cash flow
−€30.0m
FY2016FY2025
Shareholders' equity
€3.50bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €5.67bn | €6.37bn | €6.71bn | €8.09bn | €7.56bn | €6.10bn | €6.80bn | €7.20bn | €9.66bn | €7.70bn |
| Research and development | €96.0m | €104.0m | €99.0m | €102.0m | €115.0m | €108.0m | €114.0m | €118.0m | €145.0m | €131.0m |
| Operating income | −€463.0m | €50.0m | −€829.0m | €426.0m | €350.0m | €412.0m | €583.0m | €599.0m | €693.0m | €563.0m |
| Net income | −€577.0m | −€177.0m | €443.0m | €250.0m | €267.0m | €885.0m | €205.0m | €431.0m | €87.0m | €192.0m |
| Diluted earnings per share | -6.68 | -2.05 | 5.13 | 2.90 | 3.09 | 10.25 | 2.34 | 4.71 | 0.95 | 2.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €7.75bn | €9.71bn | €9.66bn | €11.28bn | €10.52bn | €8.88bn | €8.70bn | €8.69bn | €10.40bn | €9.88bn |
| Total liabilities | €4.25bn | €5.12bn | €5.16bn | €6.85bn | €6.76bn | €5.88bn | €6.05bn | €5.91bn | €6.98bn | €6.15bn |
| Debt | €1.79bn | €3.01bn | €3.01bn | €4.25bn | €3.50bn | €2.83bn | €2.84bn | €2.75bn | €2.88bn | €2.81bn |
| Shareholders' equity | €3.50bn | €4.59bn | €4.50bn | €4.42bn | €3.76bn | €3.00bn | €2.67bn | €2.78bn | €2.29bn | €2.55bn |
| Shares outstanding | 86m | 86m | 86m | 86m | 86m | 86m | 87m | 92m | 92m | 92m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €289.0m | €508.0m | €838.0m | €159.0m | €407.0m | €585.0m | €643.0m | €586.0m | €868.0m | €689.0m |
| Capital spending | −€319.0m | −€320.0m | −€326.0m | −€407.0m | −€424.0m | −€456.0m | −€508.0m | −€482.0m | −€397.0m | −€439.0m |
| Free cash flow | −€30.0m | €188.0m | €512.0m | −€248.0m | −€17.0m | €129.0m | €135.0m | €104.0m | €471.0m | €250.0m |
| Dividends paid | −€10.0m | −€9.0m | −€91.0m | −€91.0m | −€86.0m | −€82.0m | −€79.0m | −€74.0m | −€64.0m | −€55.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.56bn | €1.38bn | €1.27bn | €1.34bn | €1.47bn | €1.60bn | €1.48bn | €1.60bn |
| Operating income | −€27.0m | −€40.0m | €48.0m | −€60.0m | −€29.0m | −€54.0m | €55.0m | €24.0m |
| Net income | −€53.0m | −€141.0m | −€398.0m | −€77.0m | −€45.0m | −€57.0m | −€64.0m | €1.0m |
| Diluted earnings per share | -0.61 | -1.63 | -4.61 | -0.89 | -0.52 | -0.66 | -0.74 | 0.01 |
| Cash from operations | €120.0m | €12.0m | €209.0m | €50.0m | €96.0m | −€66.0m | €352.0m | €59.0m |
| Capital spending | −€64.0m | −€41.0m | −€145.0m | −€64.0m | −€65.0m | −€45.0m | −€146.0m | −€73.0m |
| Free cash flow | €56.0m | −€29.0m | €64.0m | −€14.0m | €31.0m | −€111.0m | €206.0m | −€14.0m |
| Total assets | €8.35bn | €7.75bn | €7.75bn | €8.18bn | €8.43bn | €9.51bn | €9.71bn | €9.45bn |
| Debt | — | — | €1.79bn | — | — | — | €2.29bn | — |
| Shareholders' equity | €3.48bn | €3.49bn | €3.50bn | €3.90bn | €3.99bn | €4.36bn | €4.59bn | €4.37bn |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -0.6% | -0.3% | -10.5% | 4.1% | 3.0% | 18.7% |
| Net margin | -10.2% | -2.8% | 6.6% | 2.3% | 3.5% | 14.5% |
| Return on equity | -16.5% | -3.9% | 9.8% | 4.2% | 7.1% | 29.5% |
| Return on assets | -7.1% | -1.8% | 4.6% | 1.6% | 2.5% | 10.0% |
| Free cash flow yield | 55.1% | 78.4% | 110.2% | 53.6% | 83.9% | 98.6% |
| Revenue growth | -10.9% | -5.2% | -17.0% | 7.0% | 23.8% | -10.3% |
| Earnings growth | 226.0% | -140.0% | 139.5% | -30.7% | -69.8% | 331.7% |
| Current ratio | 1.67x | 1.95x | 2.48x | 2.00x | 1.84x | 2.23x |
| Debt to equity | 0.67x | 0.64x | 0.65x | 0.93x | 0.90x | 0.91x |
| Equity ratio | 43.2% | 47.2% | 46.6% | 39.2% | 35.7% | 33.8% |
| Interest coverage | -0.77x | -0.36x | -10.07x | 4.39x | 3.55x | 13.10x |
| R&D as a share of sales | 1.7% | 1.6% | 1.5% | 1.3% | 1.5% | 1.8% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.2% | -1.5% | -3.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.4% | -3.0% | -0.1% | 3.5% |
| Net margin | -6.3% | -0.2% | 2.7% | 2.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.6 | -11.5 | 5.5 | 13.0 | 17.6 | 6.1 | 25.5 | 8.5 | 69.7 | 29.7 |
| Price to sales | 0.3 | 0.3 | 0.4 | 0.4 | 0.6 | 0.9 | 0.8 | 0.5 | 0.6 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 22 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.10 | 1.16 | 2.10 | 1.00 | 0.95 | 0.90 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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