R 
1,823.00
+1.96%
Close of 9 Nov 2026, in DKK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in DKK, from our data supplier.
Revenue, before interest expense
DKK 5.00bn
FY2016FY2025
Net income
DKK 2.31bn
FY2016FY2025
Total assets
DKK 86.31bn
FY2016FY2025
Shareholders' equity
DKK 11.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | DKK 5.00bn | DKK 5.22bn | DKK 4.61bn | DKK 2.99bn | DKK 2.55bn | DKK 2.30bn | DKK 2.31bn | DKK 1.74bn | DKK 1.13bn | DKK 1.10bn |
| Operating income | DKK 3.06bn | DKK 3.07bn | DKK 2.84bn | DKK 1.88bn | DKK 1.54bn | DKK 1.14bn | DKK 1.25bn | DKK 813.1m | DKK 734.9m | DKK 661.4m |
| Net income | DKK 2.31bn | DKK 2.30bn | DKK 2.16bn | DKK 1.49bn | DKK 1.23bn | DKK 919.7m | DKK 978.3m | DKK 663.2m | DKK 588.6m | DKK 539.5m |
| Diluted earnings per share | 95.02 | 90.32 | 80.62 | 54.26 | 43.43 | 31.73 | 33.57 | 22.29 | 26.34 | 24.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 86.31bn | DKK 78.63bn | DKK 73.52bn | DKK 68.98bn | DKK 60.36bn | DKK 54.86bn | DKK 52.94bn | DKK 49.65bn | DKK 25.80bn | DKK 24.26bn |
| Cash and short-term investments | — | DKK 6.32bn | DKK 5.34bn | DKK 5.68bn | DKK 4.04bn | DKK 4.18bn | DKK 3.45bn | DKK 3.87bn | DKK 1.54bn | DKK 2.23bn |
| Total liabilities | DKK 74.74bn | DKK 67.60bn | DKK 63.07bn | DKK 59.68bn | DKK 51.63bn | DKK 46.72bn | DKK 45.33bn | DKK 42.46bn | DKK 21.98bn | DKK 20.70bn |
| Debt | DKK 9.84bn | DKK 7.51bn | DKK 7.10bn | DKK 6.29bn | DKK 5.01bn | DKK 3.91bn | DKK 4.41bn | DKK 2.88bn | DKK 1.05bn | DKK 668.5m |
| Shareholders' equity | DKK 11.57bn | DKK 11.03bn | DKK 10.45bn | DKK 9.29bn | DKK 8.72bn | DKK 8.15bn | DKK 7.61bn | DKK 7.19bn | DKK 3.82bn | DKK 3.55bn |
| Shares outstanding | 24m | 25m | 27m | 28m | 28m | 29m | 29m | 30m | 22m | 22m |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 61.2% | 58.8% | 61.5% | 62.9% | 60.2% | 49.7% | — | — | — | — | — |
| Net margin | 46.3% | 44.1% | 46.7% | 50.0% | 48.1% | 40.0% | — | — | — | — | — |
| Return on equity | 20.0% | 20.9% | 20.6% | 16.1% | 14.1% | 11.3% | — | — | — | — | — |
| Return on assets | 2.7% | 2.9% | 2.9% | 2.2% | 2.0% | 1.7% | — | — | — | — | — |
| Revenue growth | -4.3% | 13.2% | 54.3% | 17.0% | 10.9% | -0.2% | — | — | — | — | — |
| Earnings growth | 0.5% | 6.8% | 44.2% | 21.6% | 33.7% | -6.0% | — | — | — | — | — |
| Current ratio | 0.12x | 0.12x | 0.11x | 0.12x | 0.10x | 0.11x | — | — | — | — | — |
| Debt to equity | 0.20x | — | — | — | — | — | 0.87x | 0.57x | 0.62x | 0.52x | 0.49x |
| Equity ratio | 13.4% | 14.0% | 14.2% | 13.5% | 14.5% | 14.8% | — | — | — | — | — |
| Interest coverage | 3.96x | 2.81x | 3.61x | 10.15x | 14.92x | 9.46x | — | — | — | — | — |
| Buybacks as a share of market value | 4.4% | 4.7% | 3.0% | 2.7% | 2.4% | 0.5% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.7% | 16.8% | 16.9% |
| Operating income | 17.6% | 21.7% | 17.9% |
| Net income | 15.7% | 20.3% | 17.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 59.9% | 60.9% | 59.7% | 58.6% |
| Net margin | 45.2% | 46.4% | 45.9% | 45.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.2 | 13.3 | 12.3 | 17.5 | 20.2 | 17.5 | 15.3 | 15.3 | 12.2 | 12.0 |
| Price to sales | 7.5 | 5.9 | 5.8 | 8.7 | 9.7 | 7.0 | 6.5 | 5.8 | 6.3 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 5 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 12.00 | 11.00 | 10.00 | 7.00 | 7.00 | 7.00 | 11.00 | 10.00 |
- 5-for-1 split · 24 May 2017
- 4-for-1 split · 2 Mar 2006
- 5-for-1 split · 4 Jul 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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