19.40
+4.19%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue, before interest expense
€1.27bn
FY2016FY2025
Net income
€126.4m
FY2016FY2025
Total assets
€2.97bn
FY2016FY2025
Shareholders' equity
€585.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | €1.27bn | €1.16bn | €1.08bn | €1.01bn | €869.9m | €891.2m | €864.6m | €790.2m | €748.6m | €762.3m |
| Research and development | — | — | €0 | €0 | €0 | €0 | €0 | — | — | — |
| Operating income | €246.5m | €153.3m | €145.0m | €97.4m | €86.4m | €95.8m | €62.5m | €75.4m | €73.2m | €62.5m |
| Net income | €126.4m | €120.7m | €98.1m | €73.6m | €51.0m | €48.9m | €43.2m | €43.4m | €30.8m | €31.4m |
| Diluted earnings per share | 1.90 | 1.64 | 1.56 | 1.15 | 0.77 | 0.73 | 0.63 | 0.64 | 0.41 | 0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €2.97bn | €2.79bn | €2.62bn | €2.67bn | €3.16bn | €2.41bn | €2.79bn | €2.15bn | €1.98bn | €1.74bn |
| Cash and short-term investments | €605.1m | €657.0m | €524.9m | €486.0m | €540.9m | €385.2m | €499.8m | €382.7m | €428.9m | €406.9m |
| Total liabilities | €2.21bn | €2.06bn | €2.00bn | €2.09bn | €2.62bn | €1.92bn | €2.29bn | €1.67bn | €1.53bn | €1.27bn |
| Debt | €446.9m | €506.4m | €446.4m | €473.5m | €581.3m | €415.3m | €552.0m | €405.6m | €380.2m | €333.2m |
| Shareholders' equity | €585.4m | €553.2m | €474.2m | €440.9m | €401.3m | €370.8m | €372.4m | €365.2m | €350.3m | €360.5m |
| Shares outstanding | 66m | 73m | 63m | 64m | 66m | 67m | 68m | 68m | 74m | 74m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | €697.6m | €615.2m | €325.6m | €573.5m | €588.0m | €524.4m | €555.8m | €513.9m |
| Operating income | €108.4m | €88.8m | €114.3m | €74.5m | €83.3m | €56.2m | €70.7m | €52.3m |
| Net income | €77.3m | €57.2m | €34.6m | €55.3m | €65.4m | €47.2m | €50.9m | €31.7m |
| Diluted earnings per share | 1.17 | 0.86 | 0.52 | 0.75 | 0.89 | 0.75 | 0.81 | 0.50 |
| Total assets | — | €2.97bn | €3.45bn | €2.79bn | €3.00bn | €2.62bn | €3.64bn | €2.67bn |
| Cash and short-term investments | — | €605.1m | €730.9m | €657.0m | €442.6m | €524.9m | €477.9m | €486.0m |
| Debt | — | €446.9m | €577.2m | €473.0m | €353.0m | €406.9m | €400.6m | €439.1m |
| Shareholders' equity | — | €585.4m | €550.0m | €553.2m | €500.1m | €474.2m | €454.4m | €440.9m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 19.4% | 13.2% | 11.9% | 9.6% | 8.6% | 9.3% | — |
| Net margin | 9.9% | 10.4% | 9.1% | 7.3% | 5.9% | 5.5% | — |
| Return on equity | 21.6% | 21.8% | 20.7% | 16.7% | 12.7% | 13.2% | — |
| Return on assets | 4.3% | 4.3% | 3.7% | 2.8% | 1.6% | 2.0% | — |
| Revenue growth | 9.4% | 7.5% | 7.0% | 16.0% | -2.4% | 3.1% | — |
| Earnings growth | 4.7% | 23.0% | 33.4% | 44.3% | 4.2% | 13.1% | — |
| Current ratio | 48.42x | 1.32x | 1.34x | 2.97x | 3.46x | 3.04x | — |
| Debt to equity | 0.76x | 0.86x | 0.86x | 0.96x | 1.31x | 1.00x | — |
| Equity ratio | 19.7% | 19.8% | 18.1% | 16.5% | 12.7% | 15.4% | — |
| Interest coverage | 13.28x | 8.61x | 7.09x | 6.43x | 6.24x | 6.42x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 9.6% | -16.6% | 1.5% | 3.6% | 0.6% | 2.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.0% | 7.3% | 4.9% |
| Operating income | 36.3% | 20.8% | 18.5% |
| Net income | 19.8% | 20.9% | 14.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.4% | 14.2% | 13.1% | 11.2% |
| Net margin | 10.2% | 9.3% | 8.3% | 6.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.9 | 7.0 | 5.5 | 5.1 | 7.6 | 8.1 | 7.4 | 6.6 | 13.0 | 10.2 |
| Price to sales | 0.9 | 0.7 | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 15 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.54 | 0.47 | 0.40 | 0.35 | 0.30 | 0.28 | 0.25 | 0.25 |
- 21-for-20 split · 13 Jun 2002
- 6-for-5 split · 25 May 2000
- 10-for-1 split · 9 May 2000
- 11-for-10 split · 17 Jun 1999
- 11-for-10 split · 25 Jun 1998
- 11-for-10 split · 16 Mar 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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