N 
39.50
-1.25%
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 1.79bn
FY2016FY2025
Net income
−DKK 24.0m
FY2016FY2025
Free cash flow
−DKK 24.0m
FY2016FY2025
Shareholders' equity
DKK 786.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 1.79bn | DKK 1.85bn | DKK 1.73bn | DKK 1.50bn | DKK 1.37bn | DKK 2.83bn | DKK 3.06bn | DKK 3.01bn | DKK 2.89bn | DKK 2.76bn |
| Gross profit | DKK 420.0m | DKK 479.0m | DKK 445.0m | DKK 408.0m | DKK 127.0m | DKK 387.0m | DKK 475.0m | DKK 541.2m | DKK 529.4m | DKK 541.6m |
| Research and development | DKK 4.0m | DKK 24.0m | DKK 14.0m | DKK 8.0m | DKK 7.0m | DKK 9.0m | DKK 9.0m | DKK 15.6m | DKK 28.1m | DKK 25.4m |
| Operating income | DKK 94.0m | DKK 39.0m | DKK 59.0m | −DKK 7.0m | −DKK 207.0m | DKK 122.0m | DKK 221.0m | DKK 307.4m | DKK 276.8m | DKK 292.9m |
| Net income | −DKK 24.0m | DKK 1.0m | DKK 30.0m | −DKK 202.0m | −DKK 49.0m | DKK 76.0m | DKK 183.0m | DKK 235.6m | DKK 216.5m | DKK 215.7m |
| Diluted earnings per share | -0.97 | 0.04 | 1.20 | -7.90 | -1.96 | 3.00 | 7.38 | 9.58 | 8.92 | 8.90 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 1.52bn | DKK 1.71bn | DKK 1.98bn | DKK 2.75bn | DKK 2.80bn | DKK 2.66bn | DKK 2.61bn | DKK 2.54bn | DKK 1.83bn | DKK 1.59bn |
| Cash and short-term investments | DKK 87.0m | DKK 158.0m | DKK 254.0m | DKK 208.0m | DKK 230.0m | DKK 143.0m | DKK 122.0m | DKK 107.5m | DKK 88.5m | DKK 192.1m |
| Total liabilities | DKK 731.0m | DKK 837.0m | DKK 1.15bn | DKK 1.94bn | DKK 1.66bn | DKK 1.53bn | DKK 1.44bn | DKK 1.46bn | DKK 822.7m | DKK 744.0m |
| Debt | DKK 398.0m | DKK 401.0m | DKK 341.0m | DKK 1.02bn | DKK 703.0m | DKK 566.0m | DKK 588.0m | DKK 625.1m | DKK 472.5m | — |
| Shareholders' equity | DKK 786.0m | DKK 870.0m | DKK 827.0m | DKK 815.0m | DKK 1.14bn | DKK 1.13bn | DKK 1.17bn | DKK 1.08bn | DKK 1.01bn | DKK 846.5m |
| Shares outstanding | 25m | 25m | 25m | 26m | 25m | 25m | 25m | 25m | 24m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 18.0m | −DKK 6.0m | −DKK 202.0m | −DKK 101.0m | DKK 243.0m | DKK 528.0m | DKK 465.0m | DKK 438.7m | DKK 347.2m | DKK 362.8m |
| Capital spending | −DKK 6.0m | −DKK 69.0m | −DKK 70.0m | −DKK 126.0m | −DKK 96.0m | −DKK 135.0m | −DKK 167.0m | −DKK 160.5m | −DKK 336.9m | −DKK 178.1m |
| Free cash flow | −DKK 24.0m | −DKK 75.0m | −DKK 272.0m | −DKK 227.0m | DKK 147.0m | DKK 393.0m | DKK 298.0m | DKK 278.2m | DKK 10.3m | DKK 184.7m |
| Dividends paid | — | — | — | — | −DKK 25.0m | −DKK 98.0m | −DKK 113.0m | −DKK 105.5m | −DKK 102.0m | −DKK 145.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 432.0m | DKK 432.0m | DKK 431.0m | DKK 431.0m | DKK 463.0m | DKK 463.0m | DKK 457.0m | DKK 457.0m |
| Gross profit | DKK 93.5m | DKK 93.5m | DKK 109.5m | DKK 109.5m | DKK 114.0m | DKK 114.0m | DKK 116.5m | DKK 116.5m |
| Operating income | −DKK 2.0m | −DKK 2.0m | DKK 8.0m | DKK 8.0m | −DKK 2.5m | −DKK 2.5m | −DKK 2.0m | −DKK 2.0m |
| Net income | −DKK 10.0m | −DKK 10.0m | −DKK 6.5m | −DKK 6.5m | −DKK 5.5m | −DKK 5.5m | −DKK 16.5m | −DKK 16.5m |
| Diluted earnings per share | -0.40 | -0.40 | -0.26 | -0.26 | -0.22 | -0.22 | -0.66 | -0.66 |
| Cash from operations | DKK 31.0m | DKK 31.0m | DKK 50.0m | DKK 50.0m | −DKK 59.0m | −DKK 59.0m | DKK 111.0m | DKK 111.0m |
| Capital spending | −DKK 1.0m | −DKK 1.0m | — | — | −DKK 2.0m | −DKK 2.0m | −DKK 5.0m | −DKK 5.0m |
| Free cash flow | DKK 30.0m | DKK 30.0m | — | — | −DKK 61.0m | −DKK 61.0m | DKK 106.0m | DKK 106.0m |
| Total assets | DKK 1.50bn | DKK 1.50bn | DKK 1.52bn | DKK 1.52bn | DKK 1.65bn | DKK 1.65bn | DKK 1.71bn | DKK 1.71bn |
| Cash and short-term investments | DKK 72.0m | DKK 72.0m | DKK 87.0m | DKK 87.0m | DKK 85.0m | DKK 85.0m | DKK 158.0m | DKK 158.0m |
| Debt | DKK 242.0m | DKK 242.0m | DKK 292.0m | DKK 292.0m | DKK 360.0m | DKK 121.0m | DKK 288.0m | DKK 117.0m |
| Shareholders' equity | DKK 782.0m | DKK 782.0m | DKK 786.0m | DKK 786.0m | DKK 801.0m | DKK 801.0m | DKK 870.0m | DKK 870.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.0% | -8.8% | -3.7% |
| Operating income | — | -5.1% | -10.0% |
| Net income | -50.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.7% | 25.5% | 20.5% | 19.2% |
| Operating margin | 3.7% | 2.7% | 0.9% | 5.8% |
| Net margin | -0.6% | -2.8% | -1.5% | 3.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -51.5 | — | 69.9 | -8.3 | -58.5 | 40.6 | 15.1 | 19.1 | 19.2 | 22.9 |
| Price to sales | 0.7 | 1.2 | 1.2 | 1.1 | 2.1 | 1.1 | 0.9 | 1.5 | 1.4 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Mar 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 4.00 | 4.60 | 4.30 | 4.20 | 6.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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