M 
2.41
+1.26%
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
€334.5m
FY2016FY2025
Net income
−€4.4m
FY2016FY2025
Free cash flow
€25.8m
FY2016FY2025
Shareholders' equity
€193.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €334.5m | €366.0m | €397.4m | €342.7m | €349.1m | €307.0m | €425.5m | €277.4m | €376.2m | €337.1m |
| Research and development | €2.3m | €1.5m | €2.3m | €1.5m | €2.3m | €2.7m | €2.7m | €2.7m | €709,000 | €4.4m |
| Operating income | €3.1m | €8.8m | €19.2m | €21.5m | €11.6m | −€19.5m | −€22.7m | −€42.1m | €20.2m | €13.1m |
| Net income | −€4.4m | €60.5m | €15.2m | €14.7m | −€1.4m | −€26.3m | −€35.5m | −€30.8m | €14.0m | €8.3m |
| Diluted earnings per share | -0.11 | 1.47 | 0.37 | 0.36 | -0.05 | -0.98 | -1.32 | -1.14 | 0.52 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €340.0m | €363.8m | €385.0m | €373.4m | €277.8m | €281.8m | €332.4m | €364.3m | €323.3m | €306.3m |
| Cash and short-term investments | €12.8m | €9.0m | €23.2m | €35.7m | €30.2m | €47.7m | €40.6m | €31.8m | €26.2m | €23.0m |
| Total liabilities | €146.3m | €165.3m | €270.1m | €279.3m | €237.2m | €241.9m | €264.5m | €272.8m | €184.3m | €195.1m |
| Debt | €33.5m | €67.2m | €135.0m | €131.5m | €103.3m | €133.0m | €141.6m | €83.8m | €73.3m | €95.3m |
| Shareholders' equity | €193.7m | €198.4m | €114.9m | €93.3m | €39.8m | €39.5m | €67.6m | €96.1m | €138.4m | €110.8m |
| Shares outstanding | 41m | 41m | 41m | 41m | 29m | 27m | 27m | 27m | 27m | 27m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €33.4m | €19.0m | €17.2m | −€2.9m | €27.7m | €32.0m | −€20.9m | €20.6m | €18.7m | −€15.9m |
| Capital spending | −€7.6m | −€10.4m | −€10.8m | −€9.3m | −€6.8m | −€10.5m | −€8.5m | −€7.0m | −€7.8m | −€8.8m |
| Free cash flow | €25.8m | €8.7m | €6.4m | −€12.2m | €20.9m | €21.5m | −€29.4m | €13.5m | €10.9m | −€24.6m |
| Dividends paid | — | — | — | — | — | — | — | −€4.4m | −€4.0m | −€4.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €83.9m | €88.3m | €91.9m | €84.9m | €69.5m | €92.9m | €84.9m | €97.5m |
| Operating income | −€172,000 | −€2.4m | €2.3m | €654,000 | −€3.0m | €1.3m | €6.3m | €4.8m |
| Net income | €200,000 | −€1.4m | −€375,000 | €1.6m | −€4.4m | €3.5m | €54.3m | €361,000 |
| Diluted earnings per share | 0.00 | -0.03 | -0.01 | 0.04 | -0.11 | 0.08 | 1.32 | 0.01 |
| Cash from operations | — | €15.0m | €21.0m | — | €3.0m | €21.0m | −€1.0m | €6.0m |
| Capital spending | — | −€7.0m | −€3.0m | −€3.0m | −€3.0m | −€12.0m | −€4.0m | −€4.0m |
| Free cash flow | — | €8.0m | €18.0m | — | €0 | €9.0m | −€5.0m | €2.0m |
| Total assets | €332.0m | €340.0m | €347.5m | €349.2m | €353.2m | €363.8m | €348.2m | €381.1m |
| Cash and short-term investments | €12.2m | €12.8m | €12.0m | €10.2m | €17.0m | €9.0m | €20.3m | €18.5m |
| Debt | €11.4m | €33.5m | €40.9m | €55.1m | €55.4m | €53.4m | €54.2m | €134.8m |
| Shareholders' equity | €180.2m | €193.7m | €191.8m | €189.8m | €185.0m | €198.4m | €176.1m | €120.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.8% | 1.7% | -1.4% |
| Operating income | -47.7% | — | -18.8% |
| Net income | — | -29.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.7% | 3.6% | 2.1% | 1.0% |
| Net margin | 8.0% | 6.0% | 2.8% | 0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -37.4 | 4.2 | 15.7 | 13.6 | -92.5 | -4.3 | -3.5 | -4.2 | 15.7 | 18.6 |
| Price to sales | 0.5 | 0.7 | 0.6 | 0.6 | 0.4 | 0.4 | 0.3 | 0.5 | 0.6 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 May 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.10 |
- 1-to-1 reverse split · 28 Nov 2016
- 26-for-1 split · 29 Nov 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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