R 
72.00
+2.06%
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
€2.94bn
FY2016FY2025
Net income
−€37.7m
FY2016FY2025
Free cash flow
−€56.3m
FY2016FY2025
Shareholders' equity
€459.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €2.94bn | €2.37bn | €1.80bn | €1.20bn | €1.06bn | €968.1m | €701.0m | €539.7m | €284.0m | €177.4m |
| Gross profit | €593.7m | €545.8m | €440.4m | €331.8m | €266.5m | €219.5m | €137.7m | €99.3m | €57.6m | €36.3m |
| Operating income | −€29.0m | −€40.2m | −€17.3m | −€70.1m | −€64.3m | −€866,000 | −€32.1m | −€28.7m | −€19.2m | −€11.6m |
| Net income | −€37.7m | −€45.5m | −€12.0m | −€77.6m | −€74.2m | −€16.8m | −€36.3m | −€33.6m | −€21.4m | −€18.4m |
| Diluted earnings per share | -1.87 | -2.26 | -0.61 | -4.27 | -4.10 | -0.94 | -2.69 | -2.78 | -1.78 | -2.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €1.25bn | €1.00bn | €1.02bn | €729.5m | €783.1m | €536.9m | €428.0m | €350.9m | €297.8m | €120.4m |
| Cash and short-term investments | €203.5m | €177.6m | €204.2m | €184.0m | €283.5m | €127.9m | €113.2m | €58.8m | €28.3m | €58.0m |
| Total liabilities | €767.3m | €493.3m | €469.6m | €374.8m | €367.7m | €111.8m | €195.2m | €136.9m | €58.8m | €27.1m |
| Debt | €348.2m | €246.5m | €243.8m | €234.9m | €227.8m | €38.2m | €149.2m | €88.7m | €10.9m | €600,000 |
| Shareholders' equity | €459.2m | €484.0m | €522.2m | €354.6m | €415.4m | €425.1m | €232.8m | €214.0m | €239.0m | €93.2m |
| Shares outstanding | 20m | 20m | 20m | 18m | 18m | 18m | 13m | 12m | 12m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €23.0m | €22.1m | €61.5m | −€29.1m | €11.6m | €17.8m | −€30.4m | −€23.5m | −€23.2m | −€17.2m |
| Capital spending | −€79.3m | −€8.7m | −€38.2m | −€53.5m | −€43.2m | −€53.3m | −€14.7m | −€11.9m | −€9.6m | −€3.9m |
| Free cash flow | −€56.3m | €13.4m | €23.2m | −€82.6m | −€31.5m | −€35.5m | −€45.1m | −€35.4m | −€32.9m | −€21.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €853.5m | €849.5m | €795.2m | €719.2m | €709.2m | €717.3m | €675.1m | €574.5m |
| Gross profit | €188.6m | €161.0m | €143.5m | €158.9m | €168.7m | €167.3m | €150.5m | €133.3m |
| Operating income | €12.2m | −€3.7m | −€17.5m | −€2.1m | −€652,000 | −€9.1m | −€22.8m | −€14.3m |
| Net income | €4.7m | −€10.5m | −€29.0m | −€7.2m | €9.4m | −€10.8m | −€26.5m | −€6.9m |
| Diluted earnings per share | 0.23 | -0.52 | -1.44 | -0.36 | 0.47 | -0.54 | -1.32 | -0.34 |
| Cash from operations | €10.0m | €20.0m | −€22.0m | −€20.0m | €33.0m | €36.0m | −€17.0m | −€9.0m |
| Capital spending | −€22.0m | −€12.0m | −€26.0m | −€24.0m | −€36.0m | −€20.0m | −€2.0m | −€9.0m |
| Free cash flow | −€12.0m | €8.0m | −€48.0m | −€44.0m | −€3.0m | €16.0m | −€19.0m | −€18.0m |
| Total assets | €1.15bn | €1.18bn | €1.25bn | €1.22bn | €1.24bn | €1.02bn | €1.00bn | €1.02bn |
| Cash and short-term investments | €118.9m | €135.0m | €203.5m | €271.3m | €315.7m | €184.8m | €177.6m | €209.9m |
| Debt | €24.1m | €23.0m | €348.2m | €88.3m | €78.1m | €9.8m | €219.7m | €9.0m |
| Shareholders' equity | €457.3m | €450.2m | €459.2m | €502.3m | €508.7m | €473.9m | €484.0m | €505.3m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.2% | 23.0% | 24.5% | 27.5% | 25.1% | 22.7% |
| Operating margin | -0.8% | -1.7% | -0.4% | -5.8% | -6.1% | -0.5% |
| Net margin | -1.3% | -1.9% | -0.7% | -6.4% | -7.0% | -1.7% |
| Return on equity | -8.2% | -9.4% | -2.3% | -21.9% | -17.9% | -3.9% |
| Return on assets | -3.0% | -4.5% | -1.2% | -10.6% | -9.5% | -3.1% |
| Free cash flow yield | 6.7% | 2.0% | 6.6% | 1.8% | 4.0% | 5.2% |
| Revenue growth | 24.1% | 31.8% | 49.4% | 13.6% | 9.5% | 38.1% |
| Earnings growth | -17.1% | 277.6% | -84.5% | 4.7% | 342.3% | -53.8% |
| Current ratio | 1.55x | 2.00x | 2.23x | 2.88x | 3.49x | 3.41x |
| Debt to equity | 0.76x | 0.45x | 0.41x | 0.64x | 0.49x | 0.02x |
| Equity ratio | 36.8% | 48.2% | 51.1% | 48.6% | 53.0% | 79.2% |
| Interest coverage | -1.17x | -5.17x | -0.41x | -8.25x | -7.51x | -0.50x |
| Buybacks as a share of market value | -0.0% | -1.1% | -9.3% | -0.6% | -0.9% | -33.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.7% | 24.9% | 37.1% |
| Operating income | -25.5% | 101.8% | 12.6% |
| Net income | -21.4% | 17.6% | 13.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.5% | 23.0% | 23.2% | 22.6% |
| Operating margin | -1.3% | -1.9% | -2.1% | -2.6% |
| Net margin | -1.6% | -2.1% | -2.6% | -3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -34.7 | -58.2 | -217.3 | -10.3 | -27.6 | -158.5 | -16.1 | -13.5 | -26.1 |
| Price to sales | 0.5 | 1.1 | 1.4 | 0.7 | 1.9 | 2.8 | 0.8 | 0.8 | 2.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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