N 
48.70
-1.22%
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 1.30bn
FY2016FY2025
Net income
DKK 66.2m
FY2016FY2025
Free cash flow
DKK 31.4m
FY2016FY2025
Shareholders' equity
DKK 1.21bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 1.30bn | DKK 1.30bn | DKK 949.1m | DKK 995.3m | DKK 1.03bn | DKK 1.05bn | DKK 1.13bn | DKK 1.14bn | DKK 899.4m | DKK 881.1m |
| Gross profit | DKK 547.9m | DKK 624.7m | DKK 538.3m | DKK 562.9m | DKK 620.5m | DKK 619.8m | DKK 589.0m | DKK 552.5m | DKK 409.8m | DKK 417.7m |
| Operating income | DKK 58.1m | −DKK 74.9m | DKK 149.9m | DKK 191.5m | DKK 351.7m | DKK 245.2m | DKK 280.4m | DKK 94.0m | DKK 37.7m | −DKK 61.9m |
| Net income | DKK 66.2m | DKK 61.7m | DKK 264.4m | DKK 2.1m | DKK 273.6m | DKK 306.5m | DKK 205.3m | DKK 90.4m | DKK 28.6m | −DKK 75.7m |
| Diluted earnings per share | 3.67 | 3.42 | 14.74 | 0.11 | 14.68 | 16.83 | 11.59 | 4.70 | 1.51 | -4.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 1.54bn | DKK 1.54bn | DKK 1.61bn | DKK 1.21bn | DKK 1.32bn | DKK 1.19bn | DKK 967.8m | DKK 825.4m | DKK 784.7m | DKK 765.7m |
| Cash and short-term investments | DKK 927.3m | DKK 893.3m | DKK 812.8m | DKK 764.3m | DKK 882.8m | DKK 738.9m | DKK 484.7m | DKK 327.2m | DKK 281.1m | DKK 271.3m |
| Total liabilities | DKK 327.8m | DKK 393.2m | DKK 456.5m | DKK 215.9m | DKK 240.6m | DKK 310.1m | DKK 296.6m | DKK 286.7m | DKK 287.0m | DKK 305.3m |
| Debt | DKK 185.1m | DKK 201.5m | DKK 197.2m | DKK 144.5m | DKK 162.1m | DKK 172.8m | DKK 184.3m | DKK 177.4m | DKK 168.4m | DKK 183.4m |
| Shareholders' equity | DKK 1.21bn | DKK 1.15bn | DKK 1.16bn | DKK 995.4m | DKK 1.08bn | DKK 879.0m | DKK 671.2m | DKK 538.7m | DKK 497.4m | DKK 460.4m |
| Shares outstanding | 18m | 18m | 18m | 18m | 19m | 18m | 18m | 19m | 19m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 86.5m | DKK 15.5m | DKK 126.1m | DKK 191.3m | DKK 156.1m | DKK 216.5m | DKK 130.3m | DKK 104.7m | DKK 23.0m | −DKK 14.3m |
| Capital spending | −DKK 55.1m | −DKK 49.2m | −DKK 11.9m | −DKK 20.2m | −DKK 25.5m | −DKK 16.4m | −DKK 13.9m | −DKK 26.1m | −DKK 32.4m | −DKK 7.8m |
| Free cash flow | DKK 31.4m | −DKK 33.7m | DKK 114.2m | DKK 171.1m | DKK 130.6m | DKK 200.1m | DKK 116.4m | DKK 78.6m | −DKK 9.4m | −DKK 22.1m |
| Dividends paid | — | −DKK 72.1m | −DKK 74.3m | −DKK 92.1m | −DKK 90.7m | −DKK 71.8m | −DKK 55.4m | −DKK 28.4m | −DKK 28.4m | −DKK 28.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 314.3m | DKK 293.7m | DKK 356.8m | DKK 286.4m | DKK 342.3m | DKK 310.5m | DKK 316.8m | DKK 306.5m |
| Gross profit | DKK 136.6m | DKK 123.1m | DKK 157.9m | DKK 108.7m | DKK 169.2m | DKK 136.8m | DKK 142.2m | DKK 124.0m |
| Operating income | DKK 11.6m | DKK 2.7m | DKK 33.7m | −DKK 3.1m | DKK 32.4m | −DKK 1.4m | −DKK 124.9m | −DKK 4.4m |
| Net income | DKK 137.1m | −DKK 31.2m | DKK 30.1m | DKK 54.5m | DKK 96.4m | −DKK 114.9m | −DKK 137.5m | −DKK 69.7m |
| Diluted earnings per share | 7.61 | -1.73 | 1.67 | 3.02 | 5.35 | -6.37 | -7.63 | -3.87 |
| Cash from operations | DKK 23.0m | −DKK 5.0m | DKK 34.0m | DKK 12.0m | DKK 49.0m | −DKK 12.0m | −DKK 32.0m | DKK 16.0m |
| Capital spending | −DKK 3.0m | −DKK 3.0m | −DKK 4.0m | −DKK 16.0m | −DKK 17.0m | −DKK 25.0m | −DKK 6.0m | −DKK 6.0m |
| Free cash flow | DKK 20.0m | −DKK 8.0m | DKK 30.0m | −DKK 4.0m | DKK 32.0m | −DKK 37.0m | −DKK 38.0m | DKK 10.0m |
| Total assets | DKK 1.61bn | DKK 1.48bn | DKK 1.54bn | DKK 1.51bn | DKK 1.44bn | DKK 1.42bn | DKK 1.54bn | DKK 1.73bn |
| Cash and short-term investments | DKK 1.03bn | DKK 869.7m | DKK 927.3m | DKK 890.3m | DKK 824.8m | DKK 720.4m | DKK 893.3m | DKK 931.5m |
| Debt | DKK 16.8m | DKK 110.5m | DKK 130.0m | DKK 21.1m | DKK 116.6m | DKK 122.5m | DKK 123.0m | DKK 118.9m |
| Shareholders' equity | DKK 1.30bn | DKK 1.18bn | DKK 1.21bn | DKK 1.18bn | DKK 1.13bn | DKK 1.03bn | DKK 1.15bn | DKK 1.28bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.2% | 4.4% | 2.5% |
| Operating income | -32.8% | -25.0% | 35.4% |
| Net income | 215.9% | -26.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.1% | 50.1% | 53.1% | 51.2% |
| Operating margin | -0.6% | 7.1% | 13.9% | 10.9% |
| Net margin | 4.9% | 8.7% | 14.7% | 10.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.1 | 14.1 | 4.4 | — | 7.3 | 4.7 | 3.8 | 7.1 | 23.4 | -3.2 |
| Price to sales | 0.7 | 0.7 | 1.2 | 1.1 | 1.9 | 1.4 | 0.7 | 0.6 | 0.7 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Apr 2026.
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.25 | 4.00 | 4.00 | 5.00 | 5.00 | 4.00 | 3.00 | 1.50 |
- 4-for-1 split · 26 Jun 2000
- 5-for-1 split · 3 Jun 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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