R 
130.70
+0.08%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€2.45bn
FY2016FY2025
Net income
€250.9m
FY2016FY2025
Free cash flow
€280.1m
FY2016FY2025
Shareholders' equity
€1.49bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €2.45bn | €2.30bn | €2.12bn | €1.91bn | €1.50bn | €1.27bn | €1.18bn | €1.04bn | €884.4m | €780.7m |
| Research and development | — | — | €1.6m | €1.4m | — | — | — | — | €2.7m | €2.5m |
| Operating income | €391.7m | €330.4m | €276.9m | €285.5m | €213.3m | €169.5m | €160.6m | €135.2m | €113.9m | €99.6m |
| Net income | €250.9m | €211.1m | €186.7m | €191.0m | €150.7m | €123.6m | €113.9m | €99.9m | €77.9m | €67.5m |
| Diluted earnings per share | 6.73 | 5.66 | 4.99 | 5.13 | 3.71 | 3.30 | 3.04 | 2.67 | 2.08 | 1.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €2.77bn | €2.63bn | €2.40bn | €2.23bn | €1.85bn | €1.51bn | €1.31bn | €1.08bn | €871.2m | €770.6m |
| Cash and short-term investments | €641.1m | €536.7m | €416.6m | €312.5m | €360.8m | €335.9m | €242.6m | €128.8m | €111.2m | €95.5m |
| Total liabilities | €1.27bn | €1.33bn | €1.28bn | €1.26bn | €1.03bn | €830.6m | €720.9m | €589.5m | €469.1m | €433.0m |
| Debt | €126.3m | €188.5m | €211.7m | €243.7m | €167.6m | €175.1m | €136.0m | €62.5m | €54.2m | €66.7m |
| Shareholders' equity | €1.49bn | €1.30bn | €1.11bn | €970.3m | €813.3m | €675.0m | €583.7m | €485.3m | €401.4m | €337.0m |
| Shares outstanding | 37m | 37m | 37m | 37m | 41m | 37m | 37m | 37m | 37m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €326.0m | €349.4m | €249.8m | €184.6m | €207.6m | €229.0m | €202.8m | €119.8m | €73.2m | €79.5m |
| Capital spending | −€45.9m | −€48.4m | −€29.3m | −€41.8m | −€37.1m | −€16.4m | −€16.6m | −€30.1m | −€14.7m | −€19.3m |
| Free cash flow | €280.1m | €301.1m | €220.5m | €142.8m | €170.5m | €212.7m | €186.2m | €89.8m | €58.5m | €60.2m |
| Dividends paid | −€45.0m | −€39.3m | −€38.4m | −€30.6m | −€21.6m | −€20.9m | −€17.6m | −€13.8m | −€11.6m | −€10.2m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 15.4% | 14.0% | 13.3% | 14.5% | 14.7% | 11.7% | — | — | — | — |
| Net margin | 10.1% | 9.2% | 8.8% | 10.1% | 10.2% | 9.9% | — | — | — | — |
| Return on equity | 16.9% | 16.2% | 16.7% | 19.7% | 18.5% | 18.3% | — | — | — | — |
| Return on assets | 9.1% | 8.0% | 7.9% | 8.6% | 8.2% | 8.2% | — | — | — | — |
| Free cash flow yield | 7.7% | 8.2% | 5.8% | 4.7% | 5.1% | 5.1% | — | — | — | — |
| Revenue growth | 8.2% | 8.4% | 12.0% | 27.5% | 18.7% | 5.7% | — | — | — | — |
| Earnings growth | 18.8% | 13.1% | -2.3% | 26.8% | 21.9% | 8.6% | — | — | — | — |
| Current ratio | 1.76x | 1.55x | 1.49x | 1.33x | 1.39x | 1.49x | — | — | — | — |
| Debt to equity | 0.05x | 0.08x | 0.10x | 0.15x | 0.08x | 0.09x | — | — | — | — |
| Equity ratio | 53.8% | 49.4% | 47.0% | 43.5% | 44.0% | 44.8% | — | — | — | — |
| Interest coverage | 28.35x | 34.63x | 30.23x | 46.25x | 45.50x | 32.63x | — | — | — | — |
| R&D as a share of sales | — | — | 0.1% | 0.1% | — | — | 0.3% | 0.3% | 0.3% | 0.3% |
| Buybacks as a share of market value | -0.4% | 0.0% | -0.1% | 0.2% | 0.2% | 0.0% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.6% | 14.1% | 13.3% |
| Operating income | 11.1% | 18.2% | 15.8% |
| Net income | 9.5% | 15.2% | 16.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.2% | 14.6% | 14.4% | 14.1% |
| Net margin | 9.7% | 9.6% | 9.6% | 9.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.0 | 27.1 | 23.9 | 20.9 | 48.2 | 28.8 | 22.8 | 16.5 | 22.2 | 16.3 |
| Price to sales | 1.8 | 2.5 | 2.1 | 2.1 | 4.8 | 2.8 | 2.2 | 1.6 | 1.9 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 18 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.35 | 1.15 | 1.00 | 1.00 | 0.80 | 0.56 | 0.52 | 0.45 |
- 4-for-1 split · 16 Oct 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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