77.35
+0.85%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue
€5.76bn
FY2020FY2026
Net income
−€62.0m
FY2020FY2026
Free cash flow
€269.0m
FY2020FY2026
Shareholders' equity
€6.05bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | €5.76bn | €6.85bn | €7.07bn | €8.12bn | €6.03bn | €5.38bn | €5.38bn |
| Gross profit | €1.64bn | €2.22bn | €2.38bn | €2.60bn | €1.88bn | €1.56bn | €1.56bn |
| Research and development | €295.0m | €342.0m | €339.0m | €312.0m | €286.0m | €253.0m | €175.0m |
| Operating income | €426.0m | €711.0m | €554.0m | €1.10bn | €737.0m | €451.0m | €463.0m |
| Net income | −€62.0m | −€5.0m | €193.0m | €950.0m | €444.0m | −€1.28bn | −€1.28bn |
| Diluted earnings per share | -0.60 | -0.05 | 1.87 | 9.03 | 4.19 | -12.14 | -12.14 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | €11.50bn | €12.37bn | €12.89bn | €13.63bn | €12.68bn | €11.37bn | €11.37bn |
| Cash and short-term investments | €933.0m | €739.0m | €1.22bn | €297.0m | €207.0m | €268.0m | €267.0m |
| Total liabilities | €5.41bn | €4.89bn | €5.29bn | €8.69bn | €8.34bn | €8.29bn | €8.31bn |
| Debt | €2.81bn | €1.95bn | €2.12bn | €5.88bn | €5.78bn | €3.70bn | €5.75bn |
| Shareholders' equity | €6.05bn | €7.43bn | €7.57bn | €4.92bn | €4.31bn | €3.06bn | €3.06bn |
| Shares outstanding | 103m | 102m | 103m | 105m | 106m | 106m | 106m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | €700.0m | €841.0m | €1.27bn | €1.34bn | €676.0m | €1.09bn | €1.09bn |
| Capital spending | −€431.0m | −€624.0m | −€850.0m | −€591.0m | −€402.0m | −€317.0m | −€317.0m |
| Free cash flow | €269.0m | €217.0m | €425.0m | €745.0m | €274.0m | €775.0m | €775.0m |
| Dividends paid | −€166.0m | −€170.0m | −€436.0m | −€237.0m | −€271.0m | −€338.0m | — |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.40bn | €1.33bn | €1.56bn | €1.64bn | €1.68bn | €1.66bn | €1.69bn | €1.71bn |
| Gross profit | €382.0m | €332.0m | €484.0m | €506.0m | €514.0m | €482.0m | €573.0m | €516.0m |
| Operating income | €71.0m | €23.0m | €138.0m | €103.0m | €52.0m | €64.0m | €182.0m | €173.0m |
| Net income | €62.0m | −€148.0m | €39.0m | €50.0m | −€3.0m | −€133.0m | −€1.0m | €29.0m |
| Diluted earnings per share | 0.60 | -1.45 | 0.38 | 0.49 | -0.03 | -1.29 | -0.01 | 0.28 |
| Cash from operations | €79.0m | €212.0m | €338.0m | €20.0m | €176.0m | €345.0m | €210.0m | €43.0m |
| Capital spending | −€59.0m | −€104.0m | −€131.0m | −€123.0m | −€167.0m | −€154.0m | −€199.0m | −€166.0m |
| Free cash flow | €20.0m | €108.0m | €207.0m | −€103.0m | €9.0m | €191.0m | €11.0m | −€123.0m |
| Total assets | €11.32bn | €11.50bn | €12.24bn | €12.26bn | €12.14bn | €12.37bn | €12.15bn | €12.74bn |
| Cash and short-term investments | €578.0m | €861.0m | €1.37bn | €1.32bn | €610.0m | €739.0m | €707.0m | €793.0m |
| Debt | €209.0m | €2.81bn | €111.0m | €204.0m | €302.0m | €1.95bn | €2.13bn | €495.0m |
| Shareholders' equity | €6.20bn | €6.05bn | €6.73bn | €6.69bn | €7.21bn | €7.43bn | €7.35bn | €7.04bn |
Financial ratios
Data as of 8 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.4% | 32.4% | 33.6% | 32.1% | 31.2% | 29.0% |
| Operating margin | 7.4% | 7.1% | 7.8% | 13.5% | 9.7% | -17.8% |
| Net margin | -1.1% | -0.1% | 2.7% | 11.7% | 7.4% | -23.9% |
| Return on equity | -1.0% | -0.1% | 2.6% | 19.3% | 10.3% | -41.9% |
| Return on assets | -0.5% | -0.0% | 1.5% | 7.0% | 3.5% | -11.3% |
| Free cash flow yield | 14.1% | 18.4% | 26.3% | 23.4% | 13.0% | — |
| Revenue growth | -15.8% | -3.1% | -13.0% | 34.7% | 12.1% | — |
| Earnings growth | 1140.0% | -102.6% | -79.7% | 114.0% | -134.6% | — |
| Current ratio | 2.04x | 1.71x | 2.05x | 0.82x | 0.78x | 0.68x |
| Debt to equity | 0.47x | 0.26x | 0.28x | 1.19x | 1.34x | 1.21x |
| Equity ratio | 52.6% | 60.1% | 58.7% | 36.1% | 34.0% | 27.0% |
| Interest coverage | 3.46x | 3.69x | 2.54x | 8.26x | 5.16x | -4.99x |
| R&D as a share of sales | 5.1% | 5.0% | 4.8% | 3.8% | 4.7% | 4.7% |
| Buybacks as a share of market value | -0.4% | 1.3% | 1.7% | 0.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | 1.4% | — |
| Operating income | -27.1% | -1.1% | — |
| Net income | — | -45.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.6% | 31.8% | 31.3% | — |
| Operating margin | 9.0% | 10.0% | 10.1% | — |
| Net margin | -0.5% | 3.9% | 0.6% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | -129.3 | -1399.6 | 37.8 | 10.4 |
| Price to sales | 1.4 | 1.0 | 1.0 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 15 May 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 1.62 | 1.62 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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