14.13
+1.29%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue, before interest expense
€157.9m
FY2016FY2025
Net income
€170.0m
FY2016FY2025
Total assets
€7.56bn
FY2016FY2025
Shareholders' equity
€736.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | €157.9m | €234.2m | €183.0m | €96.5m | €47.6m | €18.1m | €9.0m | €11.1m | €9.1m | €8.7m |
| Operating income | €205.3m | €193.2m | €145.3m | €54.6m | €10.1m | −€5.9m | −€1.4m | €2.1m | €1.1m | €1.3m |
| Net income | €170.0m | €140.2m | €103.0m | €42.4m | €10.0m | −€4.9m | −€4.2m | −€4.0m | −€5.1m | −€1.8m |
| Diluted earnings per share | 0.77 | 0.61 | 0.47 | 0.32 | 0.05 | -0.02 | -0.02 | -0.02 | -0.02 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €7.56bn | €5.54bn | €3.87bn | €2.61bn | €1.63bn | €1.00bn | €303.5m | €208.3m | €179.5m | €158.4m |
| Cash and short-term investments | €683.8m | €797.6m | €479.3m | €331.7m | €168.0m | €210.5m | — | — | — | — |
| Total liabilities | €6.30bn | €4.92bn | €3.36bn | €2.35bn | €1.48bn | €852.6m | €230.7m | €131.2m | €98.1m | €76.3m |
| Debt | €452.1m | €136.8m | €101.9m | €25.3m | €20.0m | €19.9m | — | — | — | — |
| Shareholders' equity | €736.0m | €620.3m | €510.1m | €252.9m | €156.3m | €147.5m | €72.8m | €77.1m | €81.5m | €82.1m |
| Shares outstanding | 221m | 231m | 221m | 132m | 221m | 221m | 221m | 221m | 221m | 221m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | €123.2m | €107.1m | −€112.1m | €92.1m | €89.7m | €88.2m | €56.9m | €63.0m |
| Operating income | €69.6m | €58.1m | €56.6m | €51.4m | €50.1m | €47.2m | €44.8m | €52.9m |
| Net income | €56.8m | €47.5m | €46.6m | €42.3m | €42.1m | €39.0m | €32.0m | €39.1m |
| Diluted earnings per share | 0.26 | 0.21 | 0.21 | 0.19 | 0.19 | 0.18 | 0.14 | 0.17 |
| Total assets | €8.68bn | €7.79bn | €7.56bn | €6.72bn | €6.25bn | €5.69bn | €5.54bn | €4.92bn |
| Cash and short-term investments | €890.9m | €612.6m | €683.8m | €846.2m | €780.9m | €582.1m | — | €730.6m |
| Debt | €216.1m | €1.1m | €285.0m | €2.0m | €3.4m | €143.3m | — | €114.9m |
| Shareholders' equity | €799.0m | €793.8m | €736.0m | €700.8m | €658.5m | €659.1m | €620.3m | €588.0m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 130.4% | — | — | 49.9% | 21.3% | -32.9% |
| Net margin | 107.7% | 59.9% | 56.3% | 44.0% | 21.1% | -27.1% |
| Return on equity | 23.1% | 22.6% | 20.2% | 16.8% | 6.4% | -3.3% |
| Return on assets | 2.2% | 2.5% | 2.7% | 1.6% | 0.6% | -0.5% |
| Revenue growth | -32.6% | 27.9% | 89.7% | 102.7% | 163.0% | 102.0% |
| Earnings growth | 21.2% | 36.1% | 142.8% | 322.2% | -305.1% | 16.9% |
| Current ratio | 2.40x | — | 5.67x | — | 52.71x | 6.37x |
| Debt to equity | 0.39x | 0.19x | 0.17x | — | — | — |
| Equity ratio | 9.7% | 11.2% | 13.2% | 9.7% | 9.6% | 14.8% |
| Interest coverage | 2.95x | — | — | 11.28x | 3.79x | -2.22x |
| Buybacks as a share of market value | 4.3% | -4.4% | -67.4% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.8% | 54.2% | 32.3% |
| Operating income | 55.5% | — | 55.4% |
| Net income | 58.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 101.6% | 89.1% | 81.7% | 77.5% |
| Net margin | 79.1% | 67.9% | 62.5% | 56.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 10.1 | 7.1 | 5.6 |
| Price to sales | 10.9 | 4.3 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 23 Jun 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.19 | 0.147 |
- 3-for-1 split · 9 Jul 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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