S 
25.60
+0.20%
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
€453.4m
FY2016FY2025
Net income
€597.8m
FY2016FY2025
Free cash flow
€174.6m
FY2016FY2025
Shareholders' equity
€4.51bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €453.4m | €406.5m | €357.9m | €335.3m | €300.4m | €271.4m | €257.1m | €244.8m | €238.6m | €232.1m |
| Gross profit | €284.6m | €268.2m | €238.2m | €335.3m | €300.4m | €172.4m | €162.5m | €152.9m | €146.7m | €139.7m |
| Research and development | — | — | €1 | €2 | €2 | €1 | €1 | — | — | — |
| Operating income | €310.5m | €560.1m | €501.4m | €782.6m | €644.7m | €417.8m | €225.0m | €229.0m | €270.3m | €273.8m |
| Net income | €597.8m | €402.9m | €533.3m | €574.3m | €446.8m | €289.5m | €149.3m | €171.2m | €211.1m | €211.1m |
| Diluted earnings per share | 5.92 | 4.11 | 5.80 | 6.45 | 5.00 | 3.24 | 1.67 | 2.29 | 3.30 | 2.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €7.28bn | €6.62bn | €5.35bn | €4.66bn | €4.10bn | €3.34bn | €3.04bn | €2.84bn | €2.35bn | €2.17bn |
| Cash and short-term investments | €56.0m | €142.6m | €258.1m | €87.3m | €219.2m | €103.0m | €198.6m | €250.9m | €23.6m | €11.7m |
| Total liabilities | €2.75bn | €2.60bn | €1.73bn | €1.79bn | €1.62bn | €1.25bn | €1.15bn | €1.04bn | €1.01bn | €1.02bn |
| Debt | €1.70bn | €1.63bn | €909.2m | €897.8m | €885.9m | €680.1m | €672.0m | €603.8m | €603.9m | €630.9m |
| Shareholders' equity | €4.51bn | €4.01bn | €3.61bn | €2.86bn | €2.47bn | €2.09bn | €1.89bn | €1.79bn | €1.34bn | €1.15bn |
| Shares outstanding | 101m | 98m | 92m | 89m | 89m | 89m | 90m | 75m | 64m | 89m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €174.8m | €208.6m | €187.4m | €186.5m | €161.6m | €145.9m | €121.6m | €120.6m | €119.2m | €121.9m |
| Capital spending | −€167,000 | −€152.0m | −€115.3m | −€114.2m | −€83.7m | −€80.9m | −€68.2m | −€47.0m | −€48.5m | −€43.6m |
| Free cash flow | €174.6m | €56.6m | €72.0m | €72.4m | €77.9m | €65.0m | €53.4m | €73.6m | €70.7m | €78.4m |
| Dividends paid | −€32.1m | −€70.5m | −€104.3m | −€106.9m | −€99.5m | −€87.8m | −€59.5m | −€255.0m | −€255.0m | −€255.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €229.6m | €229.1m | €111.5m | €111.5m | €217.1m | €108.6m | €189.4m | €94.7m |
| Gross profit | €229.6m | €149.9m | €111.5m | €111.5m | €217.1m | €108.6m | €189.4m | €94.7m |
| Operating income | €124.3m | €138.8m | €403.7m | €229.4m | €311.0m | €155.5m | €249.2m | €124.6m |
| Net income | €67.1m | €245.6m | €318.2m | €176.1m | €214.1m | €107.1m | €188.7m | €94.4m |
| Diluted earnings per share | 0.66 | 2.43 | 3.15 | 1.74 | 2.18 | 1.09 | 1.92 | 0.96 |
| Cash from operations | €125.0m | €92.0m | €82.0m | €48.0m | €112.0m | €65.0m | €78.0m | €39.0m |
| Total assets | €7.42bn | €7.28bn | €7.08bn | — | €6.62bn | €6.62bn | €5.69bn | — |
| Cash and short-term investments | — | €56.0m | €149.2m | — | €142.6m | — | €209.6m | — |
| Debt | — | €1.57bn | €1.57bn | — | €1.49bn | — | €932.4m | — |
| Shareholders' equity | €4.54bn | €4.51bn | €4.30bn | €4.02bn | €4.01bn | €4.01bn | €3.76bn | €3.62bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 62.8% | 66.0% | 66.5% | 100.0% | 100.0% | 63.5% | — |
| Operating margin | 171.9% | 138.2% | 140.9% | 233.6% | 214.6% | 56.6% | — |
| Net margin | 131.8% | 99.1% | 149.0% | 171.3% | 148.8% | 106.7% | — |
| Return on equity | 13.2% | 10.0% | 14.8% | 20.1% | 18.1% | 13.9% | — |
| Return on assets | 8.2% | 6.1% | 10.0% | 12.3% | 10.9% | 8.7% | — |
| Free cash flow yield | 7.4% | 15.7% | 14.0% | 14.4% | 11.7% | 10.8% | — |
| Revenue growth | 11.5% | 13.6% | 6.8% | 11.6% | 10.7% | 5.6% | — |
| Earnings growth | 48.4% | -24.5% | -7.1% | 28.5% | 54.4% | 93.9% | — |
| Current ratio | 1.02x | 0.57x | 1.13x | 9.30x | 2.43x | 0.67x | — |
| Debt to equity | 0.35x | 0.37x | 0.22x | 0.28x | 0.32x | 0.29x | — |
| Equity ratio | 62.1% | 60.6% | 67.5% | 61.4% | 60.3% | 62.5% | — |
| Interest coverage | 14.91x | 15.49x | 21.70x | 37.74x | 32.26x | 8.07x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -3.0% | -6.7% | -3.1% | 0.2% | -0.1% | 0.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.6% | 10.8% | 7.6% |
| Operating income | -26.5% | -5.8% | 4.4% |
| Net income | 1.3% | 15.6% | 16.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 64.3% | 72.5% | 75.3% | 70.3% |
| Operating margin | 101.2% | 138.7% | 151.4% | 133.2% |
| Net margin | 116.4% | 135.7% | 133.9% | 112.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.9 | 8.7 | 7.7 | 6.7 | 11.5 | 10.9 | 20.4 | 10.6 |
| Price to sales | 6.5 | 8.7 | 11.5 | 11.4 | 17.1 | 11.7 | 11.9 | 7.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 25 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.59 | 1.17 | 1.81 | 1.154 | 1.20 | 1.12 | 0.99 | 0.67 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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