R 
2,735.00p
+0.18%
Close of 9 Nov 2026, in pence
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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
€3.31bn
FY2016FY2025
Net income
€84.5m
FY2016FY2025
Free cash flow
€185.6m
FY2016FY2025
Shareholders' equity
€1.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €3.31bn | €3.49bn | €3.57bn | €3.32bn | €2.55bn | €2.26bn | €2.92bn | €3.08bn | €1.95bn | €1.65bn |
| Gross profit | €707.2m | €848.0m | €857.4m | €763.4m | €583.5m | €550.1m | €717.2m | €736.9m | €460.5m | €356.4m |
| Research and development | €38.3m | €46.0m | €46.0m | €36.8m | €31.5m | €34.2m | €36.2m | €32.1m | €23.7m | €23.0m |
| Operating income | €315.3m | €292.0m | €336.6m | €343.6m | €221.9m | €200.6m | €273.3m | €398.6m | €120.9m | €116.1m |
| Net income | €84.5m | €142.0m | €165.0m | €155.7m | €243.1m | €24.8m | €139.0m | €158.1m | −€18.4m | €74.0m |
| Diluted earnings per share | 1.74 | 2.94 | 3.42 | 3.26 | 5.12 | 0.50 | 2.79 | 3.48 | -0.44 | 1.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €4.43bn | €4.58bn | €4.85bn | €4.07bn | €3.91bn | €3.05bn | €3.32bn | €3.54bn | €3.29bn | €1.79bn |
| Cash and short-term investments | €364.6m | €577.0m | €714.8m | €520.7m | €580.8m | €587.2m | €467.2m | €527.7m | €474.8m | €184.4m |
| Total liabilities | €3.26bn | €3.20bn | €3.49bn | €3.03bn | €3.09bn | €2.39bn | €2.47bn | €2.65bn | €2.53bn | €1.27bn |
| Debt | €1.85bn | €1.82bn | €2.00bn | €1.67bn | €1.59bn | €1.16bn | €1.10bn | €1.15bn | €1.22bn | €475.5m |
| Shareholders' equity | €1.03bn | €1.20bn | €1.20bn | €1.00bn | €785.9m | €646.1m | €823.9m | €800.5m | €621.0m | €508.7m |
| Shares outstanding | 48m | 48m | 48m | 48m | 48m | 49m | 50m | 45m | 42m | 41m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €294.7m | €433.0m | €505.0m | €233.8m | −€91.8m | €319.0m | €402.6m | €394.3m | €221.6m | €162.7m |
| Capital spending | −€109.0m | −€145.0m | −€179.5m | −€156.7m | −€252.1m | −€156.9m | −€156.1m | −€122.6m | −€72.0m | −€70.8m |
| Free cash flow | €185.6m | €288.0m | €325.5m | €77.1m | −€343.9m | €162.1m | €246.5m | €271.7m | €149.6m | €91.9m |
| Dividends paid | −€83.5m | −€87.0m | −€77.7m | −€70.5m | −€71.2m | −€48.8m | −€76.8m | −€33.6m | −€29.9m | −€29.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.61bn | €1.69bn | €1.68bn | €1.76bn | €1.73bn | €1.83bn | €1.77bn | €867.0m |
| Gross profit | €331.2m | €371.6m | €348.0m | €432.0m | €416.0m | €441.4m | €422.3m | €207.1m |
| Operating income | €140.9m | €205.8m | €89.0m | €155.1m | €145.0m | €185.7m | €182.2m | €65.4m |
| Net income | €32.2m | €78.9m | €7.0m | €40.4m | €101.6m | €83.6m | €82.2m | €41.5m |
| Diluted earnings per share | 0.65 | 1.63 | 0.14 | 0.84 | 2.10 | 1.73 | 1.70 | 0.86 |
| Cash from operations | €96.0m | €194.0m | €213.0m | €148.0m | €249.0m | €247.0m | €252.0m | — |
| Capital spending | −€46.0m | −€67.0m | −€45.0m | −€76.0m | −€67.0m | −€116.0m | −€62.0m | — |
| Free cash flow | €50.0m | €127.0m | €168.0m | €72.0m | €182.0m | €131.0m | €190.0m | — |
| Total assets | €4.61bn | €4.43bn | €4.42bn | €4.58bn | €4.65bn | €4.85bn | €4.81bn | €4.81bn |
| Cash and short-term investments | €438.0m | €364.6m | €328.0m | €577.0m | €611.4m | €715.0m | €760.2m | €759.7m |
| Debt | €1.87bn | €1.80bn | €1.84bn | €1.76bn | €1.81bn | €1.95bn | €1.81bn | €1.72bn |
| Shareholders' equity | €1.10bn | €1.03bn | €991.0m | €1.20bn | €1.23bn | €1.20bn | €1.33bn | €1.45bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.4% | 24.3% | 24.0% | 23.0% | 22.9% | 24.4% |
| Operating margin | 9.5% | 8.5% | 9.2% | 10.0% | 13.0% | 9.8% |
| Net margin | 2.6% | 4.1% | 4.6% | 4.7% | 9.5% | 1.1% |
| Return on equity | 8.2% | 11.8% | 13.7% | 15.6% | 30.9% | 3.8% |
| Return on assets | 1.9% | 3.1% | 3.4% | 3.8% | 6.2% | 0.8% |
| Free cash flow yield | 0.3% | 0.4% | 0.5% | 0.3% | 0.1% | 0.4% |
| Revenue growth | -5.2% | -2.4% | 7.7% | 30.0% | 12.9% | -22.7% |
| Earnings growth | -40.5% | -13.7% | 5.7% | -36.0% | 880.2% | -82.2% |
| Current ratio | 1.46x | 1.85x | 2.23x | 1.96x | 1.79x | 1.76x |
| Debt to equity | 1.75x | 1.46x | 1.62x | 1.63x | 1.97x | 1.73x |
| Equity ratio | 23.2% | 26.3% | 24.8% | 24.6% | 20.1% | 21.2% |
| Interest coverage | 3.69x | 3.06x | 3.40x | 5.31x | 7.72x | 4.12x |
| R&D as a share of sales | 1.2% | 1.6% | 1.3% | 1.1% | 1.4% | 1.5% |
| Buybacks as a share of market value | -0.4% | -0.1% | -0.8% | -0.6% | 3.5% | 1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.1% | 7.9% | 6.7% |
| Operating income | -2.8% | 9.5% | 9.5% |
| Net income | -18.4% | 27.8% | 18.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.9% | 23.2% | 23.3% | 23.3% |
| Operating margin | 8.9% | 9.4% | 9.2% | 9.2% |
| Net margin | 3.3% | 4.0% | 4.4% | 4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.5 | 12.8 | 11.8 | 7.9 | 7.5 | 81.1 | 16.1 | 13.2 | -103.6 |
| Price to sales | 0.5 | 0.5 | 0.6 | 0.4 | 0.7 | 0.9 | 0.8 | 0.7 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 27 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.786 | 1.80 | 1.85 | 1.65 | 1.50 | 1.50 | 0.50 | 2.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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