1.79
-0.56%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€8.17bn
FY2016FY2025
Net income
€167.0m
FY2016FY2025
Free cash flow
€994.0m
FY2016FY2025
Shareholders' equity
€5.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €8.17bn | €8.49bn | €8.61bn | €8.22bn | €7.77bn | €7.53bn | €7.40bn | €7.32bn | €7.30bn | €7.50bn |
| Gross profit | €5.74bn | €6.05bn | €6.06bn | €5.81bn | €5.47bn | €5.20bn | €5.13bn | €5.04bn | €5.03bn | €5.20bn |
| Operating income | €426.0m | €600.0m | €403.0m | €290.0m | €58.0m | €7.0m | −€27.0m | −€26.0m | −€33.0m | −€317.0m |
| Net income | €167.0m | €336.0m | €273.0m | €232.0m | €211.0m | €328.0m | −€212.0m | −€230.0m | −€379.0m | −€176.0m |
| Diluted earnings per share | 0.06 | 0.11 | 0.09 | 0.08 | 0.07 | 0.11 | -0.07 | -0.08 | -0.13 | -0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €14.39bn | €14.71bn | €15.45bn | €16.03bn | €16.82bn | €17.19bn | €17.15bn | €13.80bn | €14.10bn | €15.30bn |
| Cash and short-term investments | — | — | — | — | — | €1.38bn | €783.0m | €760.0m | €603.0m | €634.0m |
| Total liabilities | €8.86bn | €9.35bn | €9.91bn | €10.22bn | €10.78bn | €10.86bn | €10.62bn | €6.23bn | €5.80bn | €5.89bn |
| Debt | €387.0m | €474.0m | €1.24bn | €1.51bn | €1.63bn | €5.13bn | €4.98bn | €2.15bn | €1.91bn | €1.76bn |
| Shareholders' equity | €5.52bn | €5.35bn | €5.54bn | €5.81bn | €6.04bn | €6.33bn | €6.53bn | €7.57bn | €8.30bn | €9.41bn |
| Shares outstanding | 2,975m | 2,975m | 2,975m | 2,975m | 2,975m | 2,975m | 2,975m | 2,975m | 2,975m | 2,975m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €2.07bn | €2.51bn | €2.43bn | €2.47bn | €2.13bn | €2.13bn | €2.02bn | €1.69bn | €1.70bn | €1.86bn |
| Capital spending | −€1.07bn | −€1.16bn | −€1.18bn | −€1.38bn | −€1.17bn | −€1.00bn | −€966.0m | −€979.0m | −€1.04bn | −€1.03bn |
| Free cash flow | €994.0m | €1.36bn | €1.25bn | €1.09bn | €966.0m | €1.13bn | €1.05bn | €711.0m | €665.0m | €828.0m |
| Dividends paid | — | −€535.0m | −€535.0m | −€535.0m | −€535.0m | −€506.0m | −€803.0m | −€773.0m | −€744.0m | −€714.0m |
Latest quarters
By quarter end
| Dec 2023 | Sept 2023 | Dec 2022 | Sept 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sept 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €4.42bn | €2.13bn | €2.19bn | €2.08bn | €2.00bn | €1.95bn | €2.05bn | €1.97bn |
| Gross profit | €3.04bn | €1.50bn | €1.53bn | €1.44bn | €1.37bn | €1.35bn | €1.42bn | €1.35bn |
| Operating income | €235.0m | €100.0m | €98.0m | €85.0m | €87.0m | €62.0m | €36.0m | €304.0m |
| Net income | €190.0m | €41.0m | €126.0m | €39.0m | €40.0m | €27.0m | €68.0m | €227.0m |
| Diluted earnings per share | 0.06 | 0.01 | 0.04 | 0.01 | 0.01 | 0.01 | 0.02 | 0.08 |
| Cash from operations | €1.31bn | — | €1.29bn | — | €1.18bn | — | €1.11bn | — |
| Capital spending | −€489.0m | — | −€584.0m | — | −€795.0m | — | −€501.0m | — |
| Free cash flow | €826.0m | — | €711.0m | — | €381.0m | — | €610.0m | — |
| Total assets | €15.45bn | — | €16.03bn | — | €15.84bn | — | €16.82bn | — |
| Cash and short-term investments | €594.0m | — | €811.0m | — | €480.0m | — | €1.09bn | — |
| Debt | €3.79bn | — | €4.17bn | — | €4.25bn | — | €4.41bn | — |
| Shareholders' equity | €5.54bn | — | €5.81bn | — | €5.72bn | — | €6.04bn | — |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 70.3% | 71.3% | 70.4% | 70.7% | 70.4% |
| Operating margin | 4.0% | 6.0% | 3.5% | 3.0% | 0.7% |
| Net margin | 2.0% | 4.0% | 3.2% | 2.8% | 2.7% |
| Return on equity | 3.0% | 6.3% | 4.9% | 4.0% | 3.5% |
| Return on assets | 1.2% | 2.3% | 1.8% | 1.4% | 1.3% |
| Free cash flow yield | 61.6% | — | — | — | — |
| Revenue growth | -3.8% | -1.4% | 4.7% | 5.9% | — |
| Earnings growth | -50.3% | 23.1% | 17.7% | 10.0% | — |
| Current ratio | 0.60x | 0.55x | 0.61x | 0.65x | 0.74x |
| Debt to equity | 0.07x | 0.09x | 0.22x | 0.26x | 0.27x |
| Equity ratio | 38.4% | 36.4% | 35.8% | 36.2% | 35.9% |
| Interest coverage | 1.88x | 2.83x | 2.68x | 4.20x | 0.89x |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.2% | 1.6% | 0.4% |
| Operating income | 13.7% | 127.4% | — |
| Net income | -10.4% | -12.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 70.8% | 70.7% | 70.4% | 69.7% |
| Operating margin | 6.2% | 5.1% | 3.7% | 1.4% |
| Net margin | 3.0% | 3.0% | 3.2% | 0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 36.3 | 18.6 | 25.6 | 29.6 | 34.4 | 20.6 | -36.8 | -42.8 | -33.0 | -69.5 |
| Price to sales | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 0.9 | 1.1 | 1.3 | 1.7 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.55 | 0.18 | 0.18 | 0.18 | 0.17 | 0.27 | 0.26 | 0.49 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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