N 
14,529.00
-0.12%
Close of 9 Nov 2026, in ZAc
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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
€952.4m
FY2016FY2025
Net income
€514.1m
FY2016FY2025
Free cash flow
€254.0m
FY2016FY2025
Shareholders' equity
€4.98bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €952.4m | €853.4m | €774.3m | €625.1m | €536.7m | €536.5m | €584.0m | €501.7m | €337.0m | €209.9m |
| Operating income | €689.7m | €623.0m | €719.1m | €577.3m | €500.0m | €514.6m | €513.0m | €324.0m | €216.9m | €150.4m |
| Net income | €514.1m | €587.6m | €476.8m | €435.2m | €235.0m | −€174.9m | €416.2m | €221.9m | −€579.7m | €235.0m |
| Diluted earnings per share | 0.72 | 0.89 | 0.74 | 0.72 | 0.39 | -0.28 | 0.67 | 0.37 | -1.02 | 0.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €8.90bn | €8.74bn | €7.61bn | €7.15bn | €6.60bn | €6.67bn | €6.97bn | €6.50bn | €6.00bn | €2.80bn |
| Cash and short-term investments | €312.2m | €448.5m | €338.5m | €246.4m | €498.6m | €639.6m | €373.1m | €90.5m | €207.5m | €48.0m |
| Total liabilities | €3.92bn | €3.83bn | €3.31bn | €3.25bn | €2.88bn | €2.98bn | €2.88bn | €2.66bn | €2.08bn | €982.7m |
| Debt | €3.18bn | €3.05bn | €2.62bn | €2.64bn | €2.34bn | €2.51bn | €2.31bn | €2.11bn | €1.66bn | €673.4m |
| Shareholders' equity | €4.98bn | €4.91bn | €4.30bn | €3.90bn | €3.71bn | €3.69bn | €4.09bn | €3.84bn | €3.91bn | €1.81bn |
| Shares outstanding | 711m | 661m | 648m | 608m | 609m | 624m | 617m | 603m | 569m | 323m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €453.5m | €429.1m | €366.9m | €298.6m | €258.0m | €236.4m | €321.6m | €281.9m | €213.1m | €144.5m |
| Capital spending | −€199.5m | −€147.2m | −€193.0m | −€142.9m | −€71.2m | −€179.2m | −€283.7m | −€309.0m | −€159.2m | −€170.0m |
| Free cash flow | €254.0m | €281.9m | €173.8m | €155.7m | €186.9m | €57.2m | €37.9m | −€27.1m | €53.9m | −€25.5m |
| Dividends paid | −€391.1m | −€277.0m | −€67.8m | −€241.2m | −€210.2m | −€150.7m | −€161.7m | −€296.3m | −€39.0m | −€48.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €491.2m | €481.3m | €463.5m | €427.4m | €426.0m | €390.3m | €195.2m | €384.0m |
| Operating income | €302.9m | €297.1m | €431.8m | €116.4m | €409.5m | €492.2m | €116.8m | €226.9m |
| Net income | €301.9m | €228.8m | €277.8m | €287.5m | €300.1m | €217.3m | €108.6m | €259.5m |
| Diluted earnings per share | 0.43 | 0.32 | 0.39 | 0.44 | 0.45 | 0.34 | 0.17 | 0.40 |
| Cash from operations | €226.0m | €238.0m | €214.0m | €218.0m | €206.0m | €168.0m | €81.0m | €203.0m |
| Capital spending | −€6.0m | −€30.0m | −€27.0m | −€10.0m | — | — | — | — |
| Free cash flow | €220.0m | €208.0m | €187.0m | €208.0m | — | — | — | — |
| Total assets | €9.24bn | €8.90bn | €8.83bn | €8.74bn | €8.16bn | €7.61bn | €7.61bn | €7.44bn |
| Cash and short-term investments | €457.9m | €312.2m | €385.9m | €448.5m | €671.6m | €338.5m | €338.5m | €343.0m |
| Debt | €3.26bn | €3.02bn | €2.97bn | €2.97bn | €2.96bn | €2.57bn | — | €2.61bn |
| Shareholders' equity | €5.05bn | €4.98bn | €4.98bn | €4.91bn | €4.43bn | €4.30bn | €4.30bn | €4.13bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 79.3% | 87.9% | 79.5% | 89.3% | 60.5% | -26.8% |
| Net margin | 54.0% | 68.9% | 61.6% | 69.6% | 43.8% | -32.6% |
| Return on equity | 10.3% | 12.0% | 11.1% | 11.2% | 6.3% | -4.7% |
| Return on assets | 5.8% | 6.7% | 6.3% | 6.1% | 3.6% | -2.6% |
| Free cash flow yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Revenue growth | 11.4% | 10.2% | 23.9% | 16.5% | 0.0% | -8.1% |
| Earnings growth | -12.7% | 23.2% | 9.6% | 85.2% | -234.3% | -142.0% |
| Current ratio | 1.41x | 2.34x | 0.47x | 1.81x | 3.54x | 1.97x |
| Debt to equity | 0.61x | 0.60x | 0.60x | 0.67x | 0.62x | 0.67x |
| Equity ratio | 55.9% | 56.1% | 56.5% | 54.5% | 56.3% | 55.3% |
| Interest coverage | 6.78x | 6.66x | 8.92x | 9.83x | 5.18x | -2.45x |
| Buybacks as a share of market value | -7.5% | -2.0% | -6.5% | 0.2% | 2.4% | -1.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.1% | 12.2% | 20.4% |
| Operating income | 6.1% | 6.0% | 14.6% |
| Net income | 5.7% | — | 12.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 72.7% | 81.4% | 84.7% | 82.6% |
| Net margin | 61.0% | 62.8% | 48.5% | 41.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.4 | 7.9 | 8.4 | 8.0 | 15.2 | -18.5 | 11.2 | 17.9 | -13.6 | 11.2 |
| Price to sales | 5.6 | 5.5 | 5.2 | 5.5 | 6.7 | 6.0 | 8.0 | 7.9 | 23.4 | 12.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 9 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.567 | 0.55 | 0.527 | 0.55 | 0.396 | 0.345 | 0.262 | 0.531 |
- 1.043-for-1 split · 9 Sept 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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