M 
286.50
+2.87%
Close of 9 Nov 2026, in DKK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in DKK, from our data supplier.
Revenue
DKK 10.68bn
FY2015FY2024
Net income
DKK 188.8m
FY2015FY2024
Free cash flow
−DKK 48.2m
FY2015FY2024
Shareholders' equity
DKK 1.04bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 10.68bn | DKK 9.79bn | DKK 8.08bn | DKK 6.97bn | DKK 5.78bn | DKK 4.67bn | DKK 57.5m | DKK 59.8m | DKK 75.6m | DKK 57.9m |
| Gross profit | DKK 818.1m | DKK 720.1m | DKK 628.3m | DKK 494.6m | DKK 435.1m | DKK 250.2m | DKK 12.1m | DKK 14.7m | DKK 15.9m | DKK 12.0m |
| Operating income | DKK 463.4m | DKK 366.0m | DKK 307.4m | DKK 129.4m | DKK 114.1m | −DKK 6.4m | DKK 5.7m | DKK 8.6m | DKK 10.2m | DKK 7.1m |
| Net income | DKK 188.8m | DKK 103.2m | DKK 11.7m | DKK 117.6m | DKK 100.4m | DKK 60.8m | −DKK 300.3m | −DKK 39.8m | −DKK 500,000 | DKK 102.8m |
| Diluted earnings per share | 24.24 | 13.25 | 1.50 | 15.10 | 12.89 | 8.82 | -71.40 | -9.50 | -0.12 | 24.45 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 4.68bn | DKK 5.32bn | DKK 4.79bn | DKK 4.34bn | DKK 4.01bn | DKK 4.41bn | DKK 218.6m | DKK 482.4m | DKK 523.1m | DKK 529.8m |
| Cash and short-term investments | DKK 771.2m | DKK 936.4m | DKK 386.4m | DKK 252.0m | DKK 203.9m | DKK 141.5m | DKK 1.4m | DKK 5.6m | DKK 2.5m | DKK 1.2m |
| Total liabilities | DKK 3.64bn | DKK 4.47bn | DKK 4.05bn | DKK 3.62bn | DKK 3.40bn | DKK 3.90bn | DKK 28.2m | DKK 54.8m | DKK 54.8m | DKK 58.0m |
| Debt | DKK 479.7m | DKK 563.7m | DKK 735.9m | DKK 724.5m | DKK 916.4m | DKK 1.11bn | — | — | — | — |
| Shareholders' equity | DKK 1.04bn | DKK 844.2m | DKK 734.0m | DKK 720.7m | DKK 609.6m | DKK 506.7m | DKK 190.4m | DKK 427.6m | DKK 468.3m | DKK 471.8m |
| Shares outstanding | 8m | 8m | 8m | 8m | 8m | 7m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 25.0m | DKK 792.6m | DKK 212.8m | DKK 58.9m | DKK 136.6m | DKK 123.2m | −DKK 17.1m | DKK 3.2m | DKK 7.3m | DKK 2.5m |
| Capital spending | −DKK 73.2m | −DKK 89.3m | −DKK 85.6m | −DKK 247.4m | −DKK 85.4m | −DKK 159.4m | — | — | — | — |
| Free cash flow | −DKK 48.2m | DKK 703.3m | DKK 127.2m | −DKK 188.5m | DKK 51.2m | −DKK 36.2m | −DKK 17.1m | DKK 3.2m | DKK 7.3m | DKK 2.5m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 2.40bn | DKK 2.67bn | DKK 2.62bn | DKK 3.14bn | DKK 2.59bn | DKK 2.66bn | DKK 2.29bn | DKK 2.31bn |
| Gross profit | DKK 168.5m | DKK 224.2m | DKK 212.2m | DKK 249.6m | DKK 229.0m | DKK 177.7m | DKK 161.8m | DKK 367.3m |
| Operating income | DKK 111.6m | DKK 115.2m | DKK 119.1m | DKK 159.3m | DKK 115.1m | DKK 110.2m | DKK 78.8m | DKK 279.6m |
| Net income | DKK 70.5m | DKK 67.7m | DKK 58.1m | DKK 75.2m | DKK 59.2m | DKK 51.8m | DKK 2.6m | DKK 87.1m |
| Diluted earnings per share | 9.11 | 8.75 | 7.49 | 9.72 | 7.67 | 6.70 | 0.29 | 11.24 |
| Total assets | DKK 4.70bn | DKK 4.67bn | DKK 4.36bn | DKK 4.68bn | DKK 4.83bn | DKK 5.46bn | DKK 5.35bn | DKK 5.32bn |
| Cash and short-term investments | DKK 556.8m | DKK 664.5m | DKK 697.8m | DKK 771.2m | DKK 496.9m | DKK 731.5m | DKK 821.3m | DKK 936.4m |
| Debt | DKK 170.2m | DKK 244.9m | DKK 256.0m | DKK 338.0m | DKK 340.7m | DKK 344.5m | DKK 344.6m | DKK 423.1m |
| Shareholders' equity | DKK 1.16bn | DKK 1.10bn | DKK 1.04bn | DKK 1.04bn | DKK 962.8m | DKK 905.5m | DKK 845.5m | DKK 844.2m |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 7.6% | 7.7% | 7.4% | 7.2% | 7.4% | 7.3% |
| Operating margin | 4.4% | 4.5% | 3.9% | 2.8% | 1.8% | 0.5% |
| Net margin | 2.6% | 1.7% | 0.8% | 0.1% | 1.6% | 0.2% |
| Return on equity | 21.6% | 17.5% | 9.5% | 1.6% | 16.3% | 2.2% |
| Return on assets | 6.4% | 3.9% | 1.5% | 0.2% | 2.7% | 0.3% |
| Free cash flow yield | 8.8% | 1.2% | 38.8% | 10.4% | 3.8% | 6.8% |
| Revenue growth | -4.2% | 9.1% | 13.1% | 20.1% | 21.0% | 15.1% |
| Earnings growth | 46.2% | 128.1% | 582.1% | -90.1% | 771.1% | -77.8% |
| Current ratio | 1.20x | 1.17x | 1.13x | 1.15x | 1.18x | 1.06x |
| Debt to equity | 0.06x | 0.38x | 0.49x | 0.69x | 0.67x | 0.96x |
| Equity ratio | 29.4% | 22.2% | 15.9% | 15.3% | 16.6% | 15.2% |
| Interest coverage | 10.37x | 9.84x | 7.32x | 5.64x | 3.46x | 0.72x |
| Buybacks as a share of market value | -2.3% | -1.2% | -0.3% | -2.3% | 0.7% | 3.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.3% | 18.0% | 65.5% |
| Operating income | 53.0% | — | 47.2% |
| Net income | 17.1% | 25.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.5% | 7.5% | 7.3% | 7.4% |
| Operating margin | 4.1% | 3.6% | 3.0% | 3.1% |
| Net margin | 1.4% | 1.2% | 1.3% | 0.4% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.9 | 9.3 | 96.8 | 14.4 | 13.2 | 9.5 | -0.7 | -18.1 | -1883.8 | 16.5 |
| Price to sales | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 3.5 | 12.1 | 12.5 | 29.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 20 Mar 2025.
| FY2025 | FY2011 | FY2010 | FY2009 | FY2008 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 13.00 | 8.00 | 10.00 | 6.00 | 6.00 | 40.00 | 50.00 | 6.00 |
- 1-to-1 reverse split · 21 Nov 2003
- 5-for-1 split · 30 Jun 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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