4.48
-0.44%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€6.27bn
FY2016FY2025
Net income
−€3.38bn
FY2016FY2025
Free cash flow
€806.0m
FY2016FY2025
Shareholders' equity
€7.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €6.27bn | €6.29bn | €5.90bn | €5.44bn | €3.02bn | €1.66bn | €1.65bn | €1.56bn | €1.42bn | €1.08bn |
| Operating income | €822.0m | €408.7m | €769.6m | €439.7m | €241.7m | €246.5m | €225.4m | €189.6m | €290.1m | €191.7m |
| Net income | −€3.38bn | €167.4m | −€1.03bn | €140.0m | €37.7m | €127.9m | €35.6m | €20.0m | €73.1m | €58.9m |
| Diluted earnings per share | -2.75 | 0.13 | -0.78 | 0.10 | 0.03 | 0.20 | 0.06 | 0.03 | 0.12 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €20.23bn | €24.50bn | €26.36bn | €25.48bn | €25.21bn | €6.29bn | €5.29bn | €5.19bn | €6.56bn | €5.32bn |
| Cash and short-term investments | €5.87bn | €74.7m | €800.2m | €448.8m | €1.55bn | €159.1m | €115.4m | €444.3m | €134.6m | €8.6m |
| Total liabilities | €13.15bn | €13.54bn | €15.06bn | €13.24bn | €12.90bn | €4.73bn | €3.96bn | €4.72bn | €3.54bn | €2.62bn |
| Debt | €6.64bn | €10.21bn | €11.10bn | €9.65bn | €9.91bn | €3.86bn | €3.14bn | €3.72bn | €2.61bn | €1.96bn |
| Shareholders' equity | €7.06bn | €10.93bn | €11.27bn | €12.22bn | €12.30bn | €1.55bn | €1.32bn | €464.3m | €3.01bn | €2.68bn |
| Shares outstanding | 1,230m | 1,243m | 1,312m | 1,383m | 1,310m | 647m | 644m | 632m | 632m | 632m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €1.23bn | €974.0m | €902.4m | €1.09bn | €234.4m | €304.6m | −€44.6m | €93.0m | €696.3m | €68.8m |
| Capital spending | −€420.0m | −€447.0m | −€129.4m | −€526.8m | −€281.7m | −€135.2m | −€167.3m | −€150.5m | −€82.1m | −€51.9m |
| Free cash flow | €806.0m | €527.1m | €773.0m | €558.4m | −€47.3m | €169.4m | −€211.9m | −€57.5m | €614.2m | €16.9m |
| Dividends paid | −€311.0m | −€2.9m | −€3.1m | −€1.5m | −€1.9m | −€573,000 | −€841,000 | −€56.0m | −€89.8m | −€69.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €3.03bn | €3.30bn | €1.74bn | €810.2m | €3.31bn | €2.99bn | €3.10bn | €2.81bn |
| Operating income | €239.0m | €919.0m | €837.0m | €387.0m | €354.7m | €100.7m | −€964.9m | €184.5m |
| Net income | €115.0m | −€3.46bn | €88.0m | €387.0m | €200.0m | €300.6m | −€1.04bn | €32.5m |
| Diluted earnings per share | 0.09 | -2.82 | 0.07 | 0.31 | 0.16 | 0.24 | -0.79 | 0.02 |
| Cash from operations | €575.0m | €620.0m | €606.0m | — | €9.0m | €646.0m | €666.0m | €327.0m |
| Capital spending | −€168.0m | −€248.0m | −€172.0m | — | −€57.0m | −€192.0m | −€253.0m | −€210.0m |
| Free cash flow | €407.0m | €372.0m | €434.0m | — | −€48.0m | €454.0m | €413.0m | €117.0m |
| Total assets | €19.54bn | €20.23bn | €24.76bn | — | €24.50bn | €27.26bn | €26.35bn | €25.05bn |
| Cash and short-term investments | €5.25bn | €5.87bn | €3.12bn | — | €74.7m | €2.38bn | €2.69bn | €2.01bn |
| Debt | €3.98bn | €6.64bn | €6.76bn | — | €2.89bn | €12.52bn | €11.85bn | €9.55bn |
| Shareholders' equity | €6.80bn | €7.06bn | €10.58bn | — | €10.93bn | €11.14bn | €11.27bn | €12.19bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -46.1% | 27.7% | 8.2% | 8.8% | 8.0% | 14.9% |
| Net margin | -53.8% | 2.7% | -17.4% | 2.6% | 1.2% | 7.7% |
| Return on equity | -47.8% | 1.5% | -9.1% | 1.1% | 0.3% | 8.3% |
| Return on assets | -16.7% | 0.7% | -3.9% | 0.5% | 0.1% | 2.0% |
| Free cash flow yield | 22.6% | 17.8% | 15.6% | 17.8% | 4.1% | 10.7% |
| Revenue growth | -0.3% | 6.6% | 8.5% | 79.7% | 82.7% | 0.2% |
| Earnings growth | -2117.2% | -116.3% | -833.6% | 271.1% | -70.5% | 259.2% |
| Current ratio | 6.30x | 17.41x | 5.80x | 4.16x | 3.97x | 3.17x |
| Debt to equity | 0.94x | 1.00x | 0.99x | 0.79x | 0.83x | 2.67x |
| Equity ratio | 34.9% | 44.6% | 42.8% | 48.0% | 48.8% | 24.6% |
| Interest coverage | -11.39x | 4.48x | 1.26x | 4.53x | 2.84x | 8.67x |
| Buybacks as a share of market value | 1.0% | 5.2% | 5.1% | -5.6% | -102.4% | -0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.7% | 30.9% | — |
| Operating income | 23.2% | 27.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -1.5 | 39.8 | -9.5 | 72.7 | 485.7 | 82.7 | 223.9 |
| Price to sales | 0.9 | 1.1 | 1.8 | 1.9 | 6.5 | 6.8 | 5.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 19 May 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.25 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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