N 
328.50
+2.82%
Close of 9 Nov 2026, in DKK
Search any instrument
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 11.38bn
FY2016FY2025
Net income
DKK 217.0m
FY2016FY2025
Free cash flow
DKK 555.0m
FY2016FY2025
Shareholders' equity
DKK 1.55bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 11.38bn | DKK 9.35bn | DKK 8.34bn | DKK 10.22bn | DKK 7.30bn | DKK 5.33bn | DKK 5.33bn | DKK 4.51bn | DKK 2.90bn | — |
| Operating income | DKK 592.0m | DKK 524.0m | DKK 629.0m | DKK 762.0m | DKK 542.0m | DKK 260.7m | DKK 94.0m | DKK 189.2m | −DKK 3.2m | −DKK 2.8m |
| Net income | DKK 217.0m | DKK 297.0m | DKK 374.0m | DKK 482.0m | DKK 349.0m | DKK 125.9m | −DKK 11.7m | DKK 42.4m | −DKK 7.9m | DKK 22.8m |
| Diluted earnings per share | 9.78 | 13.91 | 17.43 | 21.69 | 15.45 | 5.57 | -0.52 | 2.91 | -0.63 | 1.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 6.41bn | DKK 4.99bn | DKK 3.85bn | DKK 4.10bn | DKK 3.24bn | DKK 2.33bn | DKK 2.03bn | DKK 71.5m | DKK 74.5m | DKK 79.4m |
| Cash and short-term investments | DKK 384.0m | DKK 249.0m | DKK 276.0m | DKK 281.0m | DKK 211.4m | DKK 235.9m | DKK 163.8m | DKK 71.2m | DKK 74.1m | DKK 74.4m |
| Total liabilities | DKK 4.78bn | DKK 3.65bn | DKK 2.75bn | DKK 3.04bn | DKK 2.61bn | DKK 1.94bn | DKK 1.74bn | DKK 942,000 | DKK 1.2m | DKK 8.0m |
| Debt | DKK 625.0m | DKK 1.84bn | DKK 1.24bn | DKK 1.27bn | DKK 991.6m | DKK 656.3m | DKK 611.4m | DKK 18.2m | — | — |
| Shareholders' equity | DKK 1.55bn | DKK 1.26bn | DKK 1.02bn | DKK 967.0m | DKK 557.7m | DKK 332.3m | DKK 240.4m | DKK 70.5m | DKK 73.4m | DKK 71.4m |
| Shares outstanding | 22m | 21m | 21m | 22m | 23m | 23m | 22m | 15m | 13m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 596.0m | DKK 371.0m | DKK 593.0m | DKK 907.0m | DKK 461.6m | DKK 463.3m | DKK 201.3m | −DKK 2.4m | −DKK 4.9m | −DKK 3.5m |
| Capital spending | −DKK 41.0m | −DKK 34.0m | −DKK 25.0m | −DKK 10.0m | −DKK 12.0m | −DKK 5.3m | −DKK 37.6m | −DKK 18.9m | −DKK 2.6m | — |
| Free cash flow | DKK 555.0m | DKK 337.0m | DKK 568.0m | DKK 897.0m | DKK 449.6m | DKK 458.0m | DKK 163.6m | −DKK 21.4m | −DKK 7.5m | −DKK 3.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 3.33bn | DKK 2.98bn | DKK 2.88bn | DKK 2.94bn | DKK 2.86bn | DKK 2.69bn | DKK 2.59bn | DKK 2.30bn |
| Operating income | DKK 179.0m | DKK 139.0m | DKK 167.0m | DKK 160.0m | DKK 145.0m | DKK 121.0m | DKK 131.0m | DKK 114.0m |
| Net income | DKK 81.0m | DKK 58.0m | DKK 82.0m | DKK 51.0m | DKK 32.0m | DKK 52.0m | DKK 77.0m | DKK 46.0m |
| Diluted earnings per share | 3.68 | 2.64 | 3.70 | 2.30 | 1.44 | 2.34 | 3.61 | 2.15 |
| Cash from operations | DKK 333.0m | −DKK 4.0m | DKK 159.0m | DKK 72.0m | DKK 339.0m | DKK 26.0m | DKK 201.0m | DKK 110.0m |
| Capital spending | −DKK 3.0m | −DKK 6.0m | −DKK 25.0m | −DKK 3.0m | — | −DKK 13.0m | −DKK 28.0m | −DKK 2.0m |
| Free cash flow | DKK 330.0m | −DKK 10.0m | DKK 134.0m | DKK 69.0m | — | DKK 13.0m | DKK 173.0m | DKK 108.0m |
| Total assets | DKK 6.92bn | DKK 6.60bn | DKK 6.41bn | DKK 6.42bn | DKK 6.62bn | DKK 5.89bn | DKK 4.99bn | DKK 4.60bn |
| Cash and short-term investments | DKK 409.0m | DKK 268.0m | DKK 384.0m | DKK 289.0m | DKK 491.0m | DKK 407.0m | DKK 249.0m | DKK 501.0m |
| Debt | DKK 363.0m | DKK 1.88bn | DKK 625.0m | DKK 714.0m | DKK 327.0m | DKK 289.0m | DKK 261.0m | DKK 202.0m |
| Shareholders' equity | DKK 1.64bn | DKK 1.58bn | DKK 1.55bn | DKK 1.44bn | DKK 1.39bn | DKK 1.39bn | DKK 1.26bn | DKK 1.18bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2013 | FY2012 | FY2010 | FY2009 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 4.5% | 5.6% | 7.1% | 7.2% | 7.0% | 4.6% | — | — | — | — | — | — |
| Net margin | 1.9% | 3.2% | 4.5% | 4.7% | 4.8% | 2.4% | — | — | — | — | — | — |
| Return on equity | 14.0% | 23.6% | 36.7% | 49.8% | 62.6% | 37.9% | — | — | — | — | — | — |
| Return on assets | 3.4% | 6.0% | 9.7% | 11.7% | 10.8% | 5.4% | — | — | — | — | — | — |
| Free cash flow yield | 9.1% | 6.0% | 9.2% | 13.1% | 6.7% | 6.6% | — | — | — | — | — | — |
| Revenue growth | 21.7% | 12.2% | -18.4% | 40.0% | 36.9% | 0.0% | — | — | — | — | — | — |
| Earnings growth | -26.9% | -20.6% | -22.4% | 38.1% | 177.2% | -1176.1% | — | — | — | — | — | — |
| Current ratio | 1.01x | 0.91x | 0.84x | 0.93x | 0.85x | 0.90x | — | — | — | — | — | — |
| Debt to equity | 0.40x | 0.35x | 0.34x | 0.25x | 0.52x | 0.52x | — | — | — | — | — | — |
| Equity ratio | 24.2% | 25.2% | 26.5% | 23.6% | 17.2% | 14.3% | — | — | — | — | — | — |
| Interest coverage | 3.22x | 5.44x | 5.99x | 12.02x | 11.55x | 6.07x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 75.4% | 378.8% | 513.4% | 474.9% | 589.6% | 163.9% |
| Buybacks as a share of market value | -3.9% | 0.5% | 3.5% | 1.6% | 0.1% | -0.9% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.6% | 16.4% | — |
| Operating income | -8.1% | 17.8% | — |
| Net income | -23.4% | 11.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.4% | 6.4% | 6.4% | — |
| Net margin | 2.5% | 3.5% | 3.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.4 | 18.4 | 16.9 | 11.0 | 34.6 | 46.0 | -172.0 | 29.5 | -133.2 | 32.4 |
| Price to sales | 0.4 | 0.6 | 0.8 | 0.5 | 1.6 | 1.1 | 0.4 | 0.3 | 0.4 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 4 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.