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At a glance
Figures in EUR, from our data supplier.
Revenue
€365.7m
FY2016FY2025
Net income
−€118.1m
FY2016FY2025
Free cash flow
−€6.0m
FY2016FY2025
Shareholders' equity
−€86.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €365.7m | €324.0m | €534.7m | €513.7m | €245.0m | €241.7m | €284.4m | €342.5m | €312.5m | €194.9m |
| Research and development | — | — | €228,000 | €499,000 | €1.1m | €2.7m | — | — | — | — |
| Operating income | −€52.8m | −€4.6m | €84.3m | €54.0m | €12.9m | −€74.9m | −€51.3m | −€29.8m | −€18.5m | −€42.2m |
| Net income | −€118.1m | €28.6m | €56.3m | €43.5m | −€64.7m | −€97.9m | −€41.5m | −€34.4m | −€32.4m | −€50.2m |
| Diluted earnings per share | -0.68 | 0.16 | 0.32 | 0.25 | -0.37 | -0.56 | -0.24 | -0.20 | -0.19 | -0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €341.5m | €461.6m | €530.0m | €543.6m | €468.3m | €351.1m | €460.5m | €527.4m | €563.6m | €579.0m |
| Cash and short-term investments | €31.9m | €51.7m | €95.8m | €97.6m | €77.8m | €21.3m | €21.0m | €40.0m | €19.0m | €8.1m |
| Total liabilities | €427.5m | €433.5m | €525.6m | €593.6m | €563.2m | €379.7m | €392.0m | €422.3m | €419.5m | €397.0m |
| Debt | €300.6m | €292.7m | €384.5m | €395.9m | €382.7m | €275.1m | €262.9m | €264.8m | €238.7m | €208.9m |
| Shareholders' equity | −€86.0m | €27.9m | €3.6m | −€50.4m | −€95.4m | −€29.2m | €67.8m | €108.0m | €142.0m | €178.3m |
| Shares outstanding | 174m | 174m | 174m | 174m | 174m | 174m | 174m | 174m | 174m | 174m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €2.0m | €6.2m | €71.3m | €40.8m | −€37.8m | €18.7m | −€11.0m | €2.6m | €10.0m | €517,000 |
| Capital spending | −€8.0m | −€21.7m | −€32.4m | −€12.0m | −€6.5m | −€3.9m | −€4.8m | −€11.8m | −€23.7m | −€31.1m |
| Free cash flow | −€6.0m | −€15.5m | €38.8m | €28.8m | −€44.3m | €14.7m | −€15.9m | −€9.2m | −€13.6m | −€30.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €49.7m | €49.7m | €78.0m | €78.0m | €105.1m | €105.1m | −€73.9m | −€73.9m |
| Operating income | −€38.7m | −€38.7m | −€41.3m | −€41.3m | €35.7m | €35.7m | €10.5m | €10.5m |
| Net income | −€44.1m | −€44.1m | −€44.8m | −€44.8m | −€14.2m | −€14.2m | €1.6m | €1.6m |
| Diluted earnings per share | -0.25 | -0.25 | -0.26 | -0.26 | -0.08 | -0.08 | 0.01 | 0.01 |
| Cash from operations | −€11.0m | −€11.0m | −€1.0m | −€1.0m | €2.0m | €2.0m | −€9.0m | −€9.0m |
| Capital spending | −€1.0m | −€1.0m | −€1.0m | −€1.0m | −€2.0m | −€2.0m | −€6.0m | −€6.0m |
| Free cash flow | −€12.0m | −€12.0m | −€2.0m | −€2.0m | €0 | €0 | −€15.0m | −€15.0m |
| Total assets | €245.2m | €245.2m | €341.5m | €341.5m | €451.9m | €451.9m | €461.6m | €343.1m |
| Cash and short-term investments | €24.3m | €24.3m | €35.0m | €35.0m | €48.9m | €48.9m | €51.7m | €41.3m |
| Debt | €324.0m | €324.0m | €299.5m | €25.0m | €292.6m | €19.1m | €287.0m | €30.8m |
| Shareholders' equity | −€174.7m | −€174.7m | −€86.0m | −€86.0m | €4.9m | €4.9m | €27.9m | €60.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.7% | 8.6% | 0.4% |
| Operating income | — | -6.7% | 12.4% |
| Net income | — | 3.8% | 22.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.3% | 4.6% | 0.8% | -3.8% |
| Net margin | -13.0% | 0.6% | -6.8% | -8.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | 1.8 | 1.3 | 0.6 | -0.5 | -0.2 | -0.5 | -0.5 | -2.5 | -1.9 |
| Price to sales | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Jun 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2009 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.012 | 0.018 | 0.023 | 0.018 | 0.012 | 0.075 | 0.105 | 0.163 |
- 4-for-1 split · 8 Oct 2007
- 3-for-1 split · 14 Nov 2005
- 3-for-1 split · 21 Jul 2003
- 23-for-1 split · 29 Dec 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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