V 
2.78
-0.71%
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
€60.3m
FY2016FY2025
Net income
−€20.8m
FY2016FY2025
Free cash flow
€4.0m
FY2016FY2025
Shareholders' equity
€248.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €60.3m | €57.9m | €76.6m | €72.8m | €84.9m | €84.9m | €83.4m | €68.0m | €67.4m | €61.2m |
| Research and development | — | — | €3 | €0 | €0 | €0 | €1 | €0 | €1 | €1 |
| Operating income | €32.9m | −€60.5m | −€166.9m | −€25.7m | €46.9m | €28.9m | €94.3m | €44.6m | €70.6m | €60.0m |
| Net income | −€20.8m | −€243.0m | −€239.9m | −€4.2m | €36.9m | €16.1m | €80.8m | €33.1m | €62.4m | €41.3m |
| Diluted earnings per share | -1.22 | -14.25 | -14.07 | -0.25 | 2.18 | 0.98 | 4.91 | 2.20 | 4.14 | 2.74 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €920.9m | €940.5m | €1.40bn | €1.62bn | €1.66bn | €1.55bn | €1.55bn | €1.51bn | €1.28bn | €1.20bn |
| Cash and short-term investments | €21.6m | €13.5m | €11.7m | €15.2m | €57.5m | €62.8m | €44.9m | €53.4m | €61.7m | €18.6m |
| Total liabilities | €672.8m | €671.6m | €883.9m | €868.8m | €890.5m | €817.8m | €823.4m | €830.5m | €664.3m | €612.5m |
| Debt | €644.7m | €644.2m | €855.1m | €835.4m | €833.5m | €776.7m | €777.5m | €776.0m | €619.0m | €579.2m |
| Shareholders' equity | €248.1m | €268.9m | €511.9m | €755.4m | €772.9m | €734.3m | €730.3m | €674.9m | €617.5m | €583.0m |
| Shares outstanding | 17m | 17m | 17m | 17m | 17m | 16m | 16m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €11.4m | €12.6m | €12.0m | −€9.4m | €40.9m | €42.6m | €29.1m | €43.8m | €39.2m | €25.3m |
| Capital spending | −€7.4m | −€8.8m | −€29.5m | −€13.3m | −€110.3m | −€10.2m | −€10.9m | −€227.4m | −€8.1m | −€161.7m |
| Free cash flow | €4.0m | €3.8m | −€17.5m | −€22.7m | −€69.4m | €32.4m | €18.1m | −€183.7m | €31.1m | −€136.4m |
| Dividends paid | — | — | −€3.6m | −€21.3m | −€31.8m | −€11.9m | −€36.6m | −€54.8m | −€28.1m | −€26.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €38.9m | €26.6m | €33.7m | €26.4m | €31.4m | €15.7m | €33.8m | €16.2m |
| Operating income | €16.7m | €18.0m | €6.7m | −€24.1m | −€36.3m | €4.9m | −€124.5m | €10.3m |
| Net income | −€26.0m | −€9.8m | −€11.0m | −€188.4m | −€54.6m | −€27.3m | −€160.4m | −€80.2m |
| Diluted earnings per share | -1.52 | -0.58 | -0.65 | -11.05 | -3.20 | -1.60 | -9.41 | -4.70 |
| Cash from operations | €14.0m | −€3.0m | €14.0m | €7.0m | €4.0m | €2.0m | −€2.0m | −€1.0m |
| Capital spending | −€1.0m | −€4.0m | −€1.0m | −€2.0m | −€4.0m | −€2.0m | −€14.0m | −€7.0m |
| Free cash flow | €13.0m | −€7.0m | €13.0m | €5.0m | €0 | €0 | −€16.0m | −€8.0m |
| Total assets | €901.5m | €920.9m | €936.3m | €940.5m | €1.35bn | €1.35bn | €1.40bn | €1.40bn |
| Cash and short-term investments | €26.6m | €21.6m | €23.4m | €13.5m | €19.8m | €9.9m | €11.7m | €11.7m |
| Debt | €633.8m | €637.1m | €643.2m | €636.9m | €648.9m | €138.6m | €847.7m | €249.8m |
| Shareholders' equity | €222.2m | €248.1m | €257.9m | €268.9m | €457.3m | €457.3m | €511.9m | €511.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.1% | -6.6% | 0.8% |
| Operating income | — | 2.6% | -10.2% |
| Net income | 70.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -23.3% | -82.3% | -33.0% | 28.6% |
| Net margin | -223.2% | -189.8% | -104.0% | -20.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.1 | -0.3 | -1.0 | -99.5 | 16.4 | 33.3 | 8.7 | 16.2 | 9.1 | 13.7 |
| Price to sales | 1.1 | 1.2 | 3.0 | 5.7 | 7.1 | 6.3 | 8.4 | 7.9 | 8.4 | 9.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 May 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.21 | 0.156 | 0.02 | 0.749 | 0.023 | 0.022 | 0.021 | 0.02 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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