T 
162.20
-0.92%
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 41.37bn
FY2016FY2025
Net income
DKK 5.34bn
FY2016FY2025
Total assets
DKK 103.67bn
FY2016FY2025
Shareholders' equity
DKK 39.62bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | DKK 41.37bn | DKK 40.26bn | DKK 40.21bn | DKK 33.91bn | DKK 23.91bn | DKK 22.56bn | DKK 22.18bn | DKK 17.50bn | DKK 17.64bn | DKK 17.88bn |
| Operating income | DKK 7.21bn | DKK 6.30bn | DKK 5.03bn | DKK 3.83bn | DKK 4.29bn | DKK 3.60bn | DKK 3.97bn | DKK 2.61bn | DKK 3.34bn | DKK 3.33bn |
| Net income | DKK 5.34bn | DKK 4.74bn | DKK 3.79bn | DKK 2.25bn | DKK 3.16bn | DKK 2.77bn | DKK 2.84bn | DKK 1.73bn | DKK 2.52bn | DKK 2.47bn |
| Diluted earnings per share | 8.73 | 7.74 | 6.14 | 3.55 | 9.72 | 8.53 | 7.36 | 4.47 | 6.48 | 6.99 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 103.67bn | DKK 104.38bn | DKK 112.94bn | DKK 113.39bn | DKK 100.58bn | DKK 60.92bn | DKK 59.06bn | DKK 56.55bn | DKK 51.37bn | DKK 49.86bn |
| Cash and short-term investments | DKK 2.86bn | DKK 2.12bn | DKK 3.13bn | DKK 10.99bn | DKK 9.03bn | DKK 1.39bn | DKK 868.0m | DKK 2.29bn | DKK 5.36bn | DKK 4.42bn |
| Total liabilities | DKK 64.05bn | DKK 65.51bn | DKK 72.59bn | DKK 70.89bn | DKK 51.57bn | DKK 48.65bn | DKK 46.98bn | DKK 45.21bn | DKK 38.75bn | DKK 40.42bn |
| Debt | DKK 11.89bn | DKK 13.65bn | DKK 17.25bn | DKK 15.57bn | DKK 14.78bn | DKK 13.23bn | DKK 11.66bn | DKK 10.29bn | DKK 4.43bn | DKK 4.48bn |
| Shareholders' equity | DKK 39.62bn | DKK 38.86bn | DKK 40.35bn | DKK 42.50bn | DKK 49.01bn | DKK 12.26bn | DKK 12.08bn | DKK 11.33bn | DKK 12.62bn | DKK 9.44bn |
| Shares outstanding | 611m | 613m | 617m | 634m | 325m | 325m | 386m | 388m | 388m | 353m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | DKK 11.25bn | DKK 10.52bn | DKK 11.14bn | DKK 10.77bn | DKK 10.79bn | DKK 10.05bn | DKK 9.28bn | DKK 11.22bn |
| Operating income | DKK 1.08bn | DKK 1.28bn | DKK 1.71bn | DKK 10.77bn | DKK 2.03bn | DKK 1.49bn | DKK 1.04bn | DKK 2.13bn |
| Net income | DKK 874.0m | DKK 958.0m | DKK 1.26bn | DKK 1.48bn | DKK 1.53bn | DKK 1.12bn | DKK 713.0m | DKK 1.61bn |
| Diluted earnings per share | 1.47 | 1.61 | 2.06 | 2.42 | 2.50 | 1.83 | 1.16 | 2.63 |
| Total assets | DKK 104.14bn | DKK 103.53bn | DKK 103.67bn | DKK 103.50bn | DKK 103.70bn | DKK 107.50bn | DKK 104.38bn | DKK 106.86bn |
| Cash and short-term investments | DKK 3.84bn | DKK 3.27bn | DKK 2.86bn | DKK 2.86bn | DKK 3.04bn | DKK 2.47bn | DKK 2.12bn | DKK 1.88bn |
| Debt | DKK 11.35bn | DKK 9.62bn | DKK 9.03bn | — | DKK 11.70bn | DKK 13.25bn | DKK 5.76bn | DKK 11.77bn |
| Shareholders' equity | DKK 37.44bn | DKK 38.34bn | DKK 39.62bn | DKK 38.49bn | DKK 38.09bn | DKK 39.12bn | DKK 38.86bn | DKK 39.95bn |
Financial ratios
Data as of 10 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 19.9% | 15.7% | 15.7% | 11.3% | 17.9% | 15.9% | — |
| Net margin | 12.9% | 11.8% | 9.4% | 6.6% | 13.2% | 12.3% | — |
| Return on equity | 13.5% | 12.2% | 9.4% | 5.3% | 6.4% | 22.6% | — |
| Return on assets | 5.1% | 4.5% | 3.4% | 2.0% | 3.1% | 4.6% | — |
| Revenue growth | 2.8% | 0.1% | 18.6% | 41.8% | 6.0% | 1.7% | — |
| Earnings growth | 12.6% | 25.0% | 68.8% | -28.8% | 13.9% | -2.5% | — |
| Current ratio | 3.32x | — | 4.98x | 9.17x | 8.74x | 1.97x | 0.88x |
| Debt to equity | 0.23x | 0.15x | 0.29x | 0.25x | 0.24x | 0.75x | — |
| Equity ratio | 38.2% | 37.2% | 35.7% | 37.5% | 48.7% | 20.1% | — |
| Interest coverage | 8.10x | 5.60x | 4.91x | 4.93x | 47.12x | 63.12x | — |
| Buybacks as a share of market value | 0.2% | 0.8% | 2.6% | -95.0% | 0.0% | 15.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.9% | 12.9% | 9.2% |
| Operating income | 23.5% | 14.9% | 11.3% |
| Net income | 33.4% | 14.0% | 10.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.6% | 14.4% | 15.0% | 15.6% |
| Net margin | 12.3% | 10.4% | 10.9% | 11.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.0 | 19.6 | 23.9 | 46.6 | 16.6 | 22.5 | 26.8 | 36.7 | 23.9 | 18.3 |
| Price to sales | 2.5 | 2.3 | 2.3 | 3.1 | 2.2 | 2.8 | 3.4 | 3.6 | 3.4 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 12 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 8.50 | 6.32 | 8.28 | 7.15 | 5.76 | 4.572 | 5.409 | 5.253 |
- 5-for-1 split · 12 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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