M 
221.80
+1.74%
Close of 9 Nov 2026, in NOK
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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
€5.72bn
FY2016FY2025
Net income
€718.0m
FY2016FY2025
Free cash flow
€494.7m
FY2016FY2025
Shareholders' equity
€4.37bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €5.72bn | €5.60bn | €5.51bn | €4.91bn | €4.17bn | €3.73bn | €4.07bn | €3.75bn | €3.63bn | €3.50bn |
| Research and development | — | €44.9m | — | — | — | — | — | — | — | — |
| Operating income | €960.5m | €833.2m | €1.02bn | €1.12bn | €737.4m | €203.5m | €617.0m | €925.4m | €484.9m | €991.2m |
| Net income | €718.0m | €468.5m | €444.4m | €782.4m | €487.6m | €117.5m | €477.6m | €566.6m | €462.5m | €539.6m |
| Diluted earnings per share | 1.45 | 0.91 | 0.86 | 1.51 | 1.01 | 0.22 | 0.94 | 1.16 | 0.95 | 1.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €10.23bn | €8.55bn | €8.24bn | €7.53bn | €6.26bn | €5.85bn | €5.84bn | €5.15bn | €4.33bn | €4.81bn |
| Cash and short-term investments | €289.3m | €276.7m | €292.1m | €176.9m | €103.1m | €100.3m | €117.7m | €93.9m | €59.1m | €88.0m |
| Total liabilities | €5.66bn | €4.55bn | €4.48bn | €3.84bn | €3.13bn | €3.08bn | €2.95bn | €2.27bn | €2.01bn | €2.74bn |
| Debt | €3.13bn | €2.68bn | €2.57bn | €2.40bn | €1.88bn | €2.10bn | €1.85bn | €1.14bn | €903.5m | €993.5m |
| Shareholders' equity | €4.37bn | €3.84bn | €3.59bn | €3.51bn | €3.13bn | €2.76bn | €2.89bn | €2.88bn | €2.31bn | €2.07bn |
| Shares outstanding | 496m | 513m | 517m | 517m | 483m | 528m | 508m | 490m | 487m | 451m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €870.9m | €916.6m | €992.2m | €644.8m | €833.1m | €502.7m | €759.0m | €620.9m | €632.4m | €693.2m |
| Capital spending | −€376.2m | −€374.2m | −€396.3m | −€335.2m | −€244.7m | −€315.8m | −€292.7m | −€346.2m | −€254.9m | −€211.6m |
| Free cash flow | €494.7m | €542.4m | €595.9m | €309.6m | €588.4m | €186.9m | €466.3m | €274.7m | €377.5m | €481.6m |
| Dividends paid | −€297.2m | −€293.5m | −€326.1m | −€380.6m | −€226.8m | −€132.9m | −€544.9m | −€532.4m | −€640.3m | −€418.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.60bn | €1.54bn | €1.58bn | €1.39bn | €1.39bn | €1.35bn | €1.50bn | €1.44bn |
| Operating income | €30.2m | €223.3m | €665.1m | €172.4m | €81.8m | €49.9m | €417.9m | €69.5m |
| Net income | −€164.0m | €154.0m | €537.1m | €110.0m | €46.0m | €24.8m | €215.6m | €48.9m |
| Diluted earnings per share | -0.33 | 0.31 | 1.08 | 0.22 | 0.09 | 0.05 | 0.42 | 0.10 |
| Cash from operations | €281.0m | €204.0m | €870.0m | €735.0m | €421.0m | €216.0m | €146.0m | €372.0m |
| Capital spending | −€108.0m | −€97.0m | −€376.0m | −€201.0m | −€135.0m | −€52.0m | −€108.0m | −€121.0m |
| Free cash flow | €173.0m | €107.0m | €494.0m | €534.0m | €286.0m | €164.0m | €38.0m | €251.0m |
| Total assets | €10.20bn | €10.37bn | €10.23bn | €8.09bn | €8.07bn | €8.17bn | €8.55bn | €7.99bn |
| Cash and short-term investments | — | — | €289.3m | €133.1m | €226.6m | €200.3m | €276.7m | €169.9m |
| Debt | €3.09bn | €2.85bn | €3.13bn | €2.11bn | €2.32bn | €2.62bn | €2.68bn | €2.48bn |
| Shareholders' equity | €4.21bn | €4.53bn | €4.37bn | €3.66bn | €3.63bn | €3.74bn | €3.84bn | €3.63bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 16.8% | 14.9% | 18.5% | 22.9% | 17.7% | 5.5% |
| Net margin | 12.6% | 8.4% | 8.1% | 15.9% | 11.7% | 3.1% |
| Return on equity | 16.4% | 12.2% | 12.4% | 22.3% | 15.6% | 4.3% |
| Return on assets | 7.0% | 5.5% | 5.4% | 10.4% | 7.8% | 2.0% |
| Free cash flow yield | 1.2% | 1.2% | 1.3% | 0.9% | 1.1% | 0.8% |
| Revenue growth | 2.1% | 1.8% | 12.2% | 17.8% | 11.6% | -8.4% |
| Earnings growth | 53.3% | 5.4% | -43.2% | 60.5% | 315.0% | -75.4% |
| Current ratio | 2.93x | 2.91x | 3.15x | 2.34x | 2.79x | 3.49x |
| Debt to equity | 0.64x | 0.61x | 0.63x | 0.60x | 0.49x | 0.63x |
| Equity ratio | 42.7% | 44.9% | 43.6% | 46.6% | 50.0% | 47.2% |
| Interest coverage | 2.25x | 5.81x | 8.99x | 21.38x | 12.48x | 3.23x |
| R&D as a share of sales | — | 0.8% | — | — | — | — |
| Buybacks as a share of market value | 3.4% | 0.7% | -0.0% | -7.0% | 8.5% | -3.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.2% | 8.9% | 7.1% |
| Operating income | -5.1% | 36.4% | 11.6% |
| Net income | -2.8% | 43.6% | 17.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.8% | 18.1% | 16.5% | 17.3% |
| Net margin | 10.5% | 11.1% | 10.2% | 11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.3 | 19.4 | 19.3 | 10.1 | 18.8 | 78.1 | 22.1 | 14.4 | 13.3 | 11.8 |
| Price to sales | 1.9 | 1.6 | 1.6 | 1.6 | 2.2 | 2.5 | 2.6 | 2.2 | 1.7 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 28 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.012 | 6.83 | 6.88 | 7.20 | 6.44 | 2.98 | 2.60 | 10.40 |
- 10-to-1 reverse split · 21 Jan 2014
- 100-to-1 reverse split · 20 Aug 2004
- 4-for-1 split · 24 Jul 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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