N 
11.00
+2.80%
Close of 9 Nov 2026, in EUR
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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
€197.0m
FY2016FY2025
Net income
€9.7m
FY2016FY2025
Free cash flow
−€9.8m
FY2016FY2025
Shareholders' equity
€158.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €197.0m | €207.3m | €200.1m | €218.8m | €189.7m | €159.6m | €179.0m | €176.7m | €168.6m | €159.2m |
| Research and development | €5.2m | €5.2m | €4.9m | €4.8m | €4.2m | €4.2m | €4.1m | €3.8m | €2.8m | €2.9m |
| Operating income | €14.1m | €22.3m | €18.3m | €29.9m | €24.6m | −€15.9m | €18.6m | €18.5m | €18.3m | €14.9m |
| Net income | €9.7m | €14.3m | €11.4m | €26.4m | €16.3m | −€19.7m | €10.7m | €10.3m | €11.4m | €5.3m |
| Diluted earnings per share | 1.10 | 1.61 | 1.30 | 3.00 | 1.85 | -2.18 | 1.22 | 1.17 | 1.30 | 0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €305.5m | €298.3m | €280.9m | €281.1m | €220.7m | €198.6m | €239.6m | €225.9m | €221.4m | €202.7m |
| Cash and short-term investments | €87.3m | €102.9m | €101.0m | €88.6m | €53.6m | €27.3m | €29.9m | €32.1m | €46.7m | €36.8m |
| Total liabilities | €147.2m | €145.0m | €139.1m | €147.6m | €124.2m | €121.8m | €140.6m | €130.1m | €136.8m | €144.9m |
| Debt | €90.8m | €90.9m | €90.9m | €90.7m | €59.3m | €59.5m | €70.9m | €70.9m | €71.8m | €82.3m |
| Shareholders' equity | €158.3m | €153.2m | €141.8m | €133.5m | €96.5m | €76.8m | €98.9m | €95.8m | €84.6m | €57.2m |
| Shares outstanding | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €14.9m | €35.2m | €16.5m | €32.4m | €33.2m | €24.3m | €22.4m | €16.1m | €25.9m | €26.1m |
| Capital spending | −€24.6m | −€32.1m | −€14.0m | −€10.8m | −€6.7m | −€10.3m | −€20.0m | −€27.1m | −€23.6m | −€16.9m |
| Free cash flow | −€9.8m | €3.0m | €2.4m | €21.6m | €26.4m | €14.0m | €2.3m | −€11.1m | €2.3m | €9.2m |
| Dividends paid | −€2.6m | −€2.5m | −€2.5m | −€2.2m | −€2.2m | −€1.3m | −€1.8m | −€1.6m | −€1.2m | −€1.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €55.3m | €53.2m | €41.9m | €48.6m | €52.7m | €55.5m | €47.5m | €50.2m |
| Operating income | €3.8m | €2.7m | €1.2m | €5.1m | €4.7m | €4.1m | €5.4m | €6.0m |
| Net income | €2.6m | €1.8m | €410,000 | €3.4m | €3.1m | €2.8m | €3.1m | €3.7m |
| Diluted earnings per share | 0.29 | 0.20 | 0.05 | 0.39 | 0.35 | 0.31 | 0.35 | 0.41 |
| Cash from operations | €7.0m | €13.0m | €3.0m | −€8.0m | €7.0m | €12.0m | €2.0m | €8.0m |
| Capital spending | −€5.0m | −€8.0m | −€6.0m | −€6.0m | −€5.0m | −€5.0m | −€10.0m | −€7.0m |
| Free cash flow | €2.0m | €5.0m | −€3.0m | −€14.0m | €2.0m | €7.0m | −€8.0m | €1.0m |
| Total assets | €312.3m | €311.7m | €305.5m | €304.2m | €305.3m | €308.4m | €298.3m | €297.1m |
| Cash and short-term investments | €90.9m | €92.0m | €87.3m | €75.9m | €90.9m | €93.7m | €102.9m | €93.7m |
| Debt | €91.4m | €91.9m | €90.8m | €91.0m | €90.5m | €91.5m | €90.9m | €91.3m |
| Shareholders' equity | €160.9m | €160.8m | €158.3m | €156.8m | €153.4m | €154.9m | €153.2m | €150.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.4% | 4.3% | 2.7% |
| Operating income | -22.2% | — | -0.3% |
| Net income | -28.4% | — | 3.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.0% | 10.3% | 8.0% | 8.9% |
| Net margin | 5.9% | 7.5% | 5.0% | 5.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.1 | 8.4 | 14.9 | 8.7 | 19.2 | -12.4 | 27.1 | 18.5 | 19.9 | 23.6 |
| Price to sales | 0.6 | 0.6 | 0.8 | 1.1 | 1.6 | 1.5 | 1.6 | 1.1 | 1.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 26 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.29 | 0.28 | 0.28 | 0.25 | 0.15 | 0.20 | 0.18 | 0.15 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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