W 
17.85
+2.94%
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
€4.57bn
FY2016FY2025
Net income
€166.0m
FY2016FY2025
Free cash flow
€349.0m
FY2016FY2025
Shareholders' equity
€2.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €4.57bn | €4.51bn | €4.22bn | €4.98bn | €3.97bn | €3.29bn | €3.47bn | €3.31bn | €3.12bn | €2.98bn |
| Gross profit | €1.60bn | €1.61bn | €1.61bn | €1.95bn | €1.42bn | €1.10bn | €1.25bn | €1.16bn | €1.03bn | €962.6m |
| Operating income | €346.0m | €344.0m | €477.3m | €721.2m | €420.4m | €291.8m | €358.2m | €248.2m | €194.2m | €197.7m |
| Net income | €166.0m | €79.0m | €334.4m | €567.9m | €311.9m | €99.6m | €262.2m | €147.1m | €137.2m | €113.5m |
| Diluted earnings per share | 1.52 | 0.75 | 3.17 | 5.36 | 2.78 | 0.89 | 2.31 | 0.93 | 1.17 | 0.98 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €6.14bn | €6.42bn | €5.47bn | €5.20bn | €4.90bn | €4.33bn | €4.13bn | €3.74bn | €3.66bn | €3.64bn |
| Total liabilities | €3.34bn | €3.54bn | €2.81bn | €2.75bn | €2.75bn | €2.58bn | €2.06bn | €1.80bn | €1.75bn | €1.79bn |
| Debt | €1.92bn | €2.13bn | €1.70bn | €1.45bn | €1.54bn | €1.60bn | €1.04bn | €837.5m | €814.7m | €881.4m |
| Shareholders' equity | €2.80bn | €2.86bn | €2.66bn | €2.45bn | €2.15bn | €1.75bn | €2.08bn | €1.94bn | €1.89bn | €1.83bn |
| Shares outstanding | 109m | 105m | 105m | 106m | 112m | 112m | 113m | 158m | 117m | 116m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €630.0m | €606.0m | €410.2m | €723.8m | €510.6m | €504.7m | €429.8m | €319.4m | €272.3m | €333.8m |
| Capital spending | −€281.0m | −€312.0m | −€351.2m | −€352.6m | −€279.8m | −€201.1m | −€255.5m | −€215.8m | −€163.2m | −€163.6m |
| Free cash flow | €349.0m | €294.0m | €59.0m | €371.2m | €230.8m | €303.6m | €174.3m | €103.6m | €109.1m | €170.2m |
| Dividends paid | −€104.0m | −€100.0m | −€94.8m | −€83.9m | −€78.1m | −€79.9m | −€71.6m | −€48.4m | −€61.5m | −€23.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.41bn | €1.02bn | €1.05bn | €1.17bn | €1.25bn | €1.10bn | €1.12bn | €1.18bn |
| Gross profit | €512.0m | €422.0m | €343.0m | €411.0m | €479.1m | €458.0m | €460.4m | €402.0m |
| Operating income | €66.0m | −€4.0m | €35.0m | — | €159.4m | €40.0m | €26.6m | €96.0m |
| Net income | €30.0m | −€30.0m | −€5.0m | €65.0m | €101.9m | €4.0m | €33.7m | €47.0m |
| Diluted earnings per share | 0.27 | -0.27 | -0.05 | 0.60 | 0.93 | 0.04 | 0.32 | 0.45 |
| Cash from operations | €133.0m | −€240.0m | €375.0m | €227.0m | €172.0m | −€144.0m | €345.0m | €263.0m |
| Capital spending | −€44.0m | −€53.0m | −€119.0m | −€67.0m | −€63.0m | −€32.0m | −€128.0m | −€66.0m |
| Free cash flow | €89.0m | −€293.0m | €256.0m | €160.0m | €109.0m | −€176.0m | €217.0m | €197.0m |
| Total assets | €6.98bn | €6.24bn | €6.14bn | €6.26bn | €6.35bn | €6.40bn | €6.42bn | €6.38bn |
| Debt | — | — | €1.35bn | — | — | — | €1.29bn | — |
| Shareholders' equity | €2.72bn | €2.79bn | €2.80bn | €2.79bn | €2.73bn | €2.81bn | €2.86bn | €2.80bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 35.1% | 35.7% | 38.2% | 39.1% | 35.6% | 33.5% |
| Operating margin | 7.2% | 6.0% | 11.9% | 14.8% | 10.4% | 5.6% |
| Net margin | 3.6% | 1.8% | 7.9% | 11.4% | 7.9% | 3.0% |
| Return on equity | 5.9% | 2.8% | 12.6% | 23.2% | 14.5% | 5.7% |
| Return on assets | 2.7% | 1.2% | 6.1% | 10.9% | 6.4% | 2.3% |
| Free cash flow yield | 46.4% | 51.1% | 40.7% | 57.4% | 43.1% | 39.3% |
| Revenue growth | 1.2% | 6.8% | -15.1% | 25.3% | 20.7% | -5.0% |
| Earnings growth | 108.1% | -76.1% | -41.1% | 82.1% | 213.0% | -62.0% |
| Current ratio | 1.52x | 1.41x | 1.71x | 1.60x | 1.61x | 1.57x |
| Debt to equity | 0.60x | 0.67x | 0.54x | 0.51x | 0.63x | 0.81x |
| Equity ratio | 45.5% | 44.5% | 48.6% | 47.1% | 43.8% | 40.4% |
| Interest coverage | 3.05x | 2.25x | 6.42x | 14.01x | 9.77x | 4.73x |
| R&D as a share of sales | 0.5% | 0.5% | 0.5% | 0.4% | 0.4% | 0.5% |
| Buybacks as a share of market value | -11.4% | -5.4% | 10.7% | -2.1% | -2.2% | 1.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.8% | 6.8% | 4.4% |
| Operating income | -21.7% | 3.5% | 7.8% |
| Net income | -33.6% | 10.7% | 9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.4% | 37.1% | 36.4% | 35.4% |
| Operating margin | 7.6% | 10.3% | 10.2% | 9.1% |
| Net margin | 2.7% | 6.3% | 6.1% | 5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.0 | 35.7 | 9.5 | 4.2 | 11.7 | 29.4 | 11.4 | 19.3 | 17.2 | 17.3 |
| Price to sales | 0.7 | 0.6 | 0.8 | 0.5 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 12 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.95 | 0.95 | 0.90 | 0.90 | 0.75 | 0.60 | 1.10 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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