P 
19.96
+0.60%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€4.79bn
FY2018FY2024
Net income
€530.6m
FY2018FY2024
Free cash flow
€548.8m
FY2018FY2024
Shareholders' equity
€3.53bn
FY2018FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Revenue | €4.79bn | €4.31bn | €3.62bn | €2.59bn | €1.54bn | €2.03bn | €1.93bn |
| Gross profit | €3.59bn | €3.23bn | €2.55bn | €1.78bn | €1.03bn | €1.46bn | €1.41bn |
| Research and development | €41.8m | €33.2m | €28.6m | €22.7m | — | — | — |
| Operating income | €612.1m | €688.6m | €536.5m | €394.3m | €1.03bn | €333.0m | €383.0m |
| Net income | €530.6m | €465.2m | €399.5m | €221.0m | −€70.0m | €226.0m | €242.0m |
| Diluted earnings per share | 0.94 | 0.86 | 0.70 | 0.39 | -0.12 | 0.40 | 0.43 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Total assets | €8.60bn | €7.71bn | €7.12bn | €5.09bn | — | — | — |
| Cash and short-term investments | €884.4m | €852.9m | €710.0m | €692.7m | — | — | — |
| Total liabilities | €5.07bn | €6.75bn | €6.16bn | €4.04bn | — | — | — |
| Debt | €1.73bn | €2.21bn | €1.88bn | €1.01bn | — | — | — |
| Shareholders' equity | €3.53bn | €949.9m | €944.8m | €1.04bn | — | — | — |
| Shares outstanding | 563m | 539m | 567m | 567m | 567m | 567m | 567m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | €739.7m | €556.5m | €419.7m | €511.0m | — | — | — |
| Capital spending | −€190.9m | −€177.9m | −€151.6m | −€77.2m | — | — | — |
| Free cash flow | €548.8m | €378.6m | €268.1m | €433.8m | — | — | — |
| Dividends paid | −€192.5m | −€181.3m | −€132.0m | −€20.5m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €2.35bn | €1.30bn | €2.30bn | €1.15bn | €2.62bn | €1.31bn | €2.17bn | €2.32bn |
| Gross profit | €1.66bn | €480.1m | €1.74bn | €871.0m | €1.94bn | €970.6m | €1.65bn | €1.73bn |
| Operating income | €340.1m | €480.1m | €332.3m | €166.2m | €434.6m | €217.3m | €177.5m | €381.0m |
| Net income | €262.8m | €318.7m | €275.0m | €137.5m | €376.8m | €188.4m | €153.8m | €256.0m |
| Diluted earnings per share | 0.47 | 0.57 | 0.49 | 0.24 | 0.67 | 0.33 | 0.27 | 0.45 |
| Cash from operations | −€104.0m | €942.0m | −€80.0m | −€23.0m | €930.0m | €465.0m | −€191.0m | €691.0m |
| Capital spending | −€54.0m | −€94.0m | −€70.0m | −€35.0m | −€125.0m | −€62.0m | −€65.0m | −€118.0m |
| Free cash flow | −€158.0m | €848.0m | −€150.0m | −€58.0m | €805.0m | €403.0m | −€256.0m | €573.0m |
| Total assets | €8.09bn | €8.55bn | €8.04bn | €8.04bn | €8.60bn | €8.60bn | €8.21bn | €7.71bn |
| Cash and short-term investments | €205.1m | €1.04bn | €283.3m | €283.3m | €884.4m | €884.4m | €472.6m | €856.0m |
| Debt | €837.0m | €1.43bn | €1.50bn | €774.5m | €1.73bn | €602.1m | €1.82bn | €416.4m |
| Shareholders' equity | €4.03bn | €3.90bn | €3.67bn | €3.67bn | €3.53bn | €3.53bn | €2.93bn | €949.9m |
Financial ratios
Data as of 6 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 36.5% | 74.9% | 74.8% | 70.5% | 68.8% | 66.9% |
| Operating margin | 34.6% | 16.1% | 16.3% | 14.4% | 15.3% | -4.4% |
| Net margin | 25.3% | 11.1% | 10.8% | 11.0% | 8.6% | -4.6% |
| Return on equity | 15.2% | 15.0% | 49.0% | 42.3% | 21.2% | — |
| Return on assets | 6.9% | 6.2% | 6.0% | 5.6% | 4.3% | — |
| Free cash flow yield | 10.2% | 9.1% | — | — | — | — |
| Revenue growth | -51.0% | 11.0% | 19.2% | 40.0% | 68.2% | -24.2% |
| Earnings growth | 11.9% | 14.1% | 16.5% | 80.7% | -415.8% | -131.0% |
| Current ratio | 1.12x | 1.36x | 1.40x | 1.64x | 1.57x | — |
| Debt to equity | 0.37x | 0.49x | 2.32x | 1.99x | 0.97x | — |
| Equity ratio | 45.6% | 41.0% | 12.3% | 13.3% | 20.4% | — |
| Interest coverage | 13.17x | 10.02x | 8.24x | 8.13x | 5.59x | — |
| R&D as a share of sales | 1.9% | 0.9% | 0.8% | 0.8% | 0.9% | — |
| Buybacks as a share of market value | 0.0% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.4% | 8.8% | — |
| Operating income | 14.8% | -4.6% | — |
| Net income | 14.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 62.3% | 67.8% | 67.9% | — |
| Operating margin | 20.0% | 17.6% | 21.2% | — |
| Net margin | 15.8% | 13.2% | 11.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 14.1 | 18.9 |
| Price to sales | 3.6 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 10 Jun 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.377 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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