T 
101.60
+2.01%
Close of 9 Nov 2026, in NOK
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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
€1.32bn
FY2016FY2025
Net income
€103.0m
FY2016FY2025
Free cash flow
€171.0m
FY2016FY2025
Shareholders' equity
€584.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €1.32bn | €1.35bn | €1.29bn | €1.21bn | €1.07bn | €928.7m | €949.7m | €895.4m | €797.2m | €711.9m |
| Research and development | — | — | — | €523.3m | €472.6m | €451.3m | €520.5m | — | — | — |
| Operating income | €148.0m | €158.6m | €105.5m | €147.9m | €152.7m | €126.0m | €115.0m | €114.6m | €98.8m | €108.3m |
| Net income | €103.0m | €93.8m | €59.5m | €102.0m | €107.5m | €72.4m | €83.6m | €77.1m | €65.5m | €74.4m |
| Diluted earnings per share | 0.31 | 0.32 | 0.20 | 0.35 | 0.36 | 0.25 | 0.28 | 0.26 | 0.22 | 0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €1.78bn | €1.66bn | €1.47bn | €1.33bn | €1.16bn | €1.05bn | €1.10bn | €968.4m | €857.0m | €783.6m |
| Cash and short-term investments | €87.0m | €117.2m | €104.0m | €70.5m | €62.4m | €50.0m | €45.5m | €38.4m | €59.2m | €42.7m |
| Total liabilities | €1.19bn | €1.06bn | €878.0m | €720.4m | €559.0m | €529.6m | €588.5m | €456.0m | €390.3m | €321.9m |
| Debt | €695.0m | €521.6m | €437.0m | €331.0m | €201.7m | €240.3m | €303.0m | €153.9m | €130.0m | €83.7m |
| Shareholders' equity | €584.0m | €603.4m | €591.0m | €608.5m | €598.6m | €518.2m | €515.9m | €512.4m | €466.6m | €461.7m |
| Shares outstanding | 332m | 296m | 295m | 295m | 295m | 295m | 296m | 295m | 295m | 296m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €171.0m | €235.5m | €136.8m | €114.0m | €175.1m | €159.8m | €133.4m | €106.8m | €109.7m | €118.0m |
| Capital spending | — | −€118.3m | −€92.9m | −€82.4m | −€58.3m | −€57.0m | −€64.7m | −€76.9m | −€59.7m | −€39.2m |
| Free cash flow | €171.0m | €117.2m | €43.9m | €31.6m | €116.8m | €102.8m | €68.7m | €29.9m | €50.0m | €78.8m |
| Dividends paid | −€60.0m | −€49.8m | −€45.4m | −€87.9m | −€43.6m | −€37.9m | −€67.5m | −€36.1m | −€33.2m | −€27.9m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €382.0m | €306.0m | €325.0m | €306.0m | €397.6m | €326.0m | €333.0m | €291.0m |
| Operating income | €61.0m | €25.0m | €42.0m | €20.0m | €68.5m | €39.0m | €39.0m | €10.0m |
| Net income | €44.0m | €20.0m | €26.0m | €10.0m | €39.8m | €24.0m | €27.0m | €3.0m |
| Diluted earnings per share | 0.15 | 0.07 | 0.09 | 0.03 | 0.14 | 0.07 | 0.09 | 0.01 |
| Total assets | €1.78bn | €1.77bn | €1.67bn | €1.65bn | €1.66bn | €1.49bn | €1.50bn | €1.48bn |
| Cash and short-term investments | €87.0m | €112.0m | €119.0m | €91.0m | €117.2m | €93.0m | €89.0m | €95.0m |
| Debt | €667.0m | €643.0m | €563.0m | €446.0m | €433.1m | €392.0m | €439.0m | €378.0m |
| Shareholders' equity | €584.0m | €547.0m | €546.0m | €598.0m | €603.4m | €571.0m | €562.0m | €589.0m |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 12.0% | 11.6% | 9.0% | 12.6% | 15.0% | 12.1% | — | — |
| Net margin | 7.1% | 7.0% | 4.7% | 8.4% | 10.0% | 7.8% | — | — |
| Return on equity | 15.9% | 15.6% | 10.5% | 16.1% | 18.2% | 14.3% | — | — |
| Return on assets | 5.2% | 5.6% | 4.2% | 7.4% | 9.4% | 7.1% | — | — |
| Free cash flow yield | 1.1% | 1.3% | 8.4% | 7.2% | 24.0% | 15.5% | — | — |
| Revenue growth | -2.2% | -90.9% | 21.1% | 11.7% | 9.7% | 6.4% | — | — |
| Earnings growth | -0.9% | -86.5% | -32.2% | -5.7% | 40.8% | -5.8% | — | — |
| Current ratio | 4.08x | 3.38x | 1.49x | 1.90x | 1.51x | 1.68x | — | — |
| Debt to equity | 0.88x | 0.51x | 0.51x | 0.40x | 0.23x | 0.43x | — | — |
| Equity ratio | 32.8% | 36.3% | 40.2% | 45.8% | 51.7% | 49.5% | — | — |
| Interest coverage | 8.80x | 7.05x | 7.46x | 20.92x | 30.78x | 22.02x | — | — |
| R&D as a share of sales | — | — | 0.7% | 0.5% | 0.6% | 3.9% | 5.6% | 0.7% |
| Buybacks as a share of market value | 0.1% | 13.1% | -15.2% | -174.4% | 33.1% | -8.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.9% | 7.3% | 6.7% |
| Operating income | 0.0% | 3.3% | 3.8% |
| Net income | 0.3% | 7.3% | 4.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.5% | 10.8% | 11.7% | 12.3% |
| Net margin | 7.4% | 6.9% | 7.5% | 8.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 37.0 | 39.0 | 54.5 | 45.6 | 87.0 | 81.7 | 50.0 | 37.4 | 30.1 | 19.8 |
| Price to sales | 2.9 | 2.7 | 2.5 | 3.9 | 8.7 | 6.4 | 4.4 | 3.2 | 2.5 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 33 years. Last went ex-dividend on 24 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.15 | 2.15 | 1.95 | 1.80 | 1.65 | 1.50 | 1.375 | 1.25 |
- 2-for-1 split · 27 May 2022
- 2-for-1 split · 22 Nov 2000
- 2-for-1 split · 13 Dec 1999
- 11-for-10 split · 2 Apr 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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