M 
2,800.00
-1.06%
Close of 6 Nov 2026, in HUF
At a glance
Figures in EUR, from our data supplier.
Revenue
€171.2m
FY2016FY2025
Net income
−€14.2m
FY2016FY2025
Free cash flow
€5.3m
FY2016FY2025
Shareholders' equity
—
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €171.2m | €136.1m | €145.2m | €201.8m | €191.5m | €122.7m | €107.1m | €97.3m | €88.8m | €80.2m |
| Gross profit | €37.5m | €28.5m | €21.9m | €44.0m | €48.7m | €27.9m | €21.1m | €18.2m | €14.9m | €13.3m |
| Operating income | −€5.4m | −€4.8m | −€12.1m | €14.8m | €19.0m | €8.0m | €5.5m | €4.6m | €3.1m | €3.3m |
| Net income | −€14.2m | −€4.8m | −€15.8m | €15.7m | €15.9m | €5.8m | €4.6m | €3.3m | €2.6m | €2.3m |
| Diluted earnings per share | -0.86 | -0.29 | -0.95 | 1.05 | 1.10 | 0.40 | 0.32 | 0.23 | 0.19 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | €198.1m | €210.1m | €228.6m | €179.2m | €131.9m | €80.9m | €76.5m | €68.7m | €60.1m |
| Cash and short-term investments | — | €4.4m | €18.3m | €26.2m | €15.5m | €33.3m | €4.5m | €2.1m | €3.0m | €2.4m |
| Total liabilities | — | €138.3m | €142.7m | €148.7m | €131.5m | €97.0m | €48.7m | €46.8m | €42.6m | €35.5m |
| Debt | — | €77.1m | €82.1m | €84.8m | €67.8m | €43.4m | €28.7m | €25.3m | €22.7m | €17.5m |
| Shareholders' equity | — | €59.8m | €67.3m | €79.9m | €47.7m | €35.0m | €32.1m | €29.7m | €26.1m | €24.6m |
| Shares outstanding | 17m | 17m | 17m | 15m | 14m | 14m | 14m | 15m | 14m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €6.8m | −€9.6m | €20.7m | −€6.6m | −€1.4m | €8.5m | €5.0m | €5.0m | €3.6m | €2.3m |
| Capital spending | −€1.5m | −€2.8m | −€16.2m | −€27.3m | −€45.9m | −€16.1m | −€3.6m | −€8.6m | −€6.4m | −€5.3m |
| Free cash flow | €5.3m | −€12.4m | €4.5m | −€33.9m | −€47.3m | −€7.6m | €1.4m | −€3.6m | −€2.8m | −€3.0m |
| Dividends paid | −€119,000 | −€99,800 | −€97,600 | −€2.2m | −€2.3m | −€39,000 | −€1.6m | −€564,400 | −€1.1m | −€974,600 |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €60.9m | €44.5m | €32.4m | €33.5m | €33.2m | €35.7m | €34.5m | €32.7m |
| Gross profit | €13.6m | €9.8m | €7.0m | €7.1m | €5.3m | €8.3m | €7.9m | €7.1m |
| Operating income | −€5.2m | €1.5m | −€817,500 | −€835,000 | −€3.3m | −€410,000 | −€803,200 | −€838,000 |
| Net income | −€8.9m | −€611,000 | −€2.5m | −€2.2m | −€1.7m | −€1.4m | −€1.8m | €21,000 |
| Diluted earnings per share | -0.54 | -0.04 | -0.15 | -0.13 | -0.10 | -0.08 | -0.11 | 0.00 |
| Cash from operations | — | €7.0m | −€1.0m | −€4.0m | — | −€2.0m | €1.0m | −€7.0m |
| Capital spending | — | — | — | — | — | — | −€2.0m | — |
| Free cash flow | — | — | — | — | — | — | −€1.0m | — |
| Total assets | — | €218.1m | €203.7m | €209.7m | €198.1m | €208.0m | €209.5m | €208.5m |
| Cash and short-term investments | — | €13.3m | €7.1m | €12.2m | €4.4m | €4.8m | €8.2m | €11.5m |
| Debt | — | €53.2m | €49.8m | €49.6m | €48.8m | €52.7m | €53.7m | €53.6m |
| Shareholders' equity | — | €70.8m | €70.5m | €71.8m | €59.8m | €62.7m | €64.4m | €66.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.3% | 6.9% | 7.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.5% | 20.2% | 21.5% | 20.3% |
| Operating margin | -3.3% | -1.1% | 2.0% | 2.8% |
| Net margin | -6.2% | -2.9% | 0.3% | 1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.0 | -22.4 | -7.0 | 9.3 | 9.5 | 12.7 | 6.2 | 7.3 | 8.1 | 7.6 |
| Price to sales | 0.7 | 0.8 | 0.8 | 0.7 | 0.8 | 0.6 | 0.3 | 0.3 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Sept 2022.
| FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|
| Paid in the year | 0.55 | 0.44 | 0.34 | 0.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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