U 
18.91
+2.38%
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
€19.37bn
FY2016FY2025
Net income
€384.5m
FY2016FY2025
Free cash flow
€334.7m
FY2016FY2025
Shareholders' equity
€2.24bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €19.37bn | €14.85bn | €18.27bn | €25.44bn | €24.05bn | €20.71bn | €17.49bn | €13.72bn | €11.95bn | €10.44bn |
| Gross profit | €1.40bn | €2.21bn | €1.51bn | €2.01bn | €1.99bn | €1.52bn | €1.42bn | €1.45bn | €1.22bn | €1.06bn |
| Research and development | €206.0m | €230.0m | €269.9m | €294.5m | €217.4m | €190.6m | €175.9m | €176.2m | €158.6m | €137.6m |
| Operating income | €1.03bn | −€1.26bn | €590.7m | €818.7m | €878.9m | €304.6m | €470.4m | €493.2m | €312.1m | €249.0m |
| Net income | €384.5m | −€1.48bn | €385.1m | €569.9m | €619.0m | €130.5m | €287.8m | €317.0m | €211.9m | €130.7m |
| Diluted earnings per share | 1.59 | -6.15 | 1.60 | 2.37 | 2.56 | 0.54 | 1.19 | 1.30 | 0.96 | 0.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €9.46bn | €9.41bn | €9.97bn | €9.94bn | €9.05bn | €8.34bn | €7.02bn | €6.05bn | €5.12bn | €4.15bn |
| Cash and short-term investments | €1.56bn | €2.01bn | €1.52bn | €1.24bn | €1.19bn | €1.01bn | €271.7m | €285.1m | €168.1m | €84.5m |
| Total liabilities | €7.18bn | €7.49bn | €6.27bn | €6.38bn | €5.88bn | €5.72bn | €4.36bn | €3.39bn | €3.25bn | €2.30bn |
| Debt | €2.79bn | €3.44bn | €2.75bn | €2.34bn | €2.15bn | €2.42bn | €1.72bn | €1.15bn | €1.01bn | €425.2m |
| Shareholders' equity | €2.24bn | €1.94bn | €3.66bn | €3.52bn | €3.11bn | €2.56bn | €2.59bn | €2.61bn | €1.80bn | €1.79bn |
| Shares outstanding | 241m | 240m | 240m | 240m | 242m | 242m | 242m | 244m | 222m | 221m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €620.5m | €868.7m | €1.04bn | €634.2m | €1.26bn | €528.3m | €479.2m | −€27.3m | €153.3m | €384.7m |
| Capital spending | −€285.8m | −€526.1m | −€884.7m | −€491.3m | −€416.4m | −€435.5m | −€587.8m | −€497.7m | −€376.7m | −€287.8m |
| Free cash flow | €334.7m | €342.6m | €157.9m | €142.9m | €842.2m | €92.8m | −€108.7m | −€525.0m | −€223.4m | €96.9m |
| Dividends paid | −€60.1m | −€192.4m | −€192.3m | −€192.1m | −€180.5m | −€60.1m | −€186.4m | −€175.3m | −€150.7m | −€138.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €13.92bn | €15.03bn | €4.35bn | €7.41bn | €7.45bn | €8.25bn | €10.01bn | €5.01bn |
| Gross profit | €680.5m | €1.08bn | €316.3m | €483.9m | €596.3m | €552.2m | €654.8m | €400.1m |
| Operating income | €415.3m | €875.8m | €152.1m | €111.3m | −€1.37bn | €283.1m | €365.2m | €146.8m |
| Net income | €239.8m | €316.1m | €68.3m | −€7.9m | −€1.47bn | €161.9m | €223.2m | €110.0m |
| Diluted earnings per share | 0.99 | 1.31 | 0.28 | -0.03 | -6.12 | 0.67 | 0.93 | 0.46 |
| Cash from operations | €303.0m | €678.0m | −€57.0m | €476.0m | €392.0m | €741.0m | €245.0m | — |
| Capital spending | −€119.0m | −€187.0m | −€49.0m | −€273.0m | −€252.0m | −€535.0m | −€349.0m | — |
| Free cash flow | €184.0m | €491.0m | −€106.0m | €203.0m | €140.0m | €206.0m | −€104.0m | — |
| Total assets | €10.06bn | €9.46bn | €8.59bn | €9.41bn | €8.23bn | €9.97bn | €9.86bn | €9.86bn |
| Cash and short-term investments | €1.80bn | €1.56bn | €1.11bn | €2.01bn | €1.30bn | €1.52bn | €1.37bn | €1.37bn |
| Debt | €892.4m | €2.81bn | €610.4m | €3.39bn | €903.2m | €2.70bn | €728.8m | €2.01bn |
| Shareholders' equity | €2.41bn | €2.24bn | €2.04bn | €1.94bn | €2.05bn | €3.66bn | €3.59bn | €3.64bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 7.2% | 14.9% | 8.2% | 7.9% | 8.3% | 7.3% |
| Operating margin | 5.3% | -8.6% | 3.3% | 3.1% | 3.6% | 1.3% |
| Net margin | 2.0% | -10.0% | 2.1% | 2.2% | 2.6% | 0.6% |
| Return on equity | 17.2% | -76.4% | 10.5% | 16.2% | 19.9% | 5.1% |
| Return on assets | 4.1% | -15.7% | 3.9% | 5.7% | 6.8% | 1.6% |
| Free cash flow yield | 19.1% | 29.4% | 40.7% | 23.8% | 35.1% | 20.2% |
| Revenue growth | 30.4% | -18.7% | -28.2% | 5.7% | 16.1% | 18.4% |
| Earnings growth | -126.0% | -484.3% | -32.4% | -7.9% | 374.2% | -54.6% |
| Current ratio | 1.35x | 1.29x | 1.62x | 1.58x | 1.71x | 1.62x |
| Debt to equity | 1.25x | 1.75x | 0.74x | 0.66x | 0.67x | 0.95x |
| Equity ratio | 23.7% | 20.6% | 36.7% | 35.4% | 34.4% | 30.7% |
| Interest coverage | 6.87x | -9.17x | 4.44x | 9.06x | 11.25x | 3.48x |
| R&D as a share of sales | 1.1% | 1.5% | 1.5% | 1.2% | 0.9% | 0.9% |
| Buybacks as a share of market value | -0.3% | -0.0% | -0.1% | 0.7% | -0.1% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.7% | -1.3% | 7.2% |
| Operating income | 7.9% | 27.5% | 16.5% |
| Net income | -12.3% | 24.1% | 8.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.5% | 9.1% | 8.7% | 9.1% |
| Operating margin | -0.7% | 1.5% | 1.9% | 2.2% |
| Net margin | -3.2% | -0.2% | 0.5% | 0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.2 | -1.6 | 15.5 | 14.5 | 14.0 | 72.8 | 36.4 | 26.8 | 41.3 | 45.7 |
| Price to sales | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.5 | 0.6 | 0.6 | 0.7 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 28 years. Last went ex-dividend on 5 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.25 | 0.80 | 0.80 | 0.80 | 0.75 | 0.25 | 0.775 |
- 2-for-1 split · 16 Oct 2017
- 5-for-1 split · 29 Feb 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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