W 
26.41
+2.32%
Close of 9 Nov 2026, in EUR
Search any instrument
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
€6.91bn
FY2016FY2025
Net income
€626.0m
FY2016FY2025
Free cash flow
€1.45bn
FY2016FY2025
Shareholders' equity
€2.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €6.91bn | €6.45bn | €6.01bn | €5.84bn | €4.78bn | €4.60bn | €5.17bn | €5.17bn | €4.92bn | €4.80bn |
| Research and development | €329.0m | €322.0m | €276.0m | €259.0m | €209.0m | €165.0m | €175.0m | €165.0m | €141.0m | €131.0m |
| Operating income | €831.0m | €716.0m | €402.0m | −€15.0m | €314.0m | €234.0m | €362.0m | €543.0m | €552.0m | €532.0m |
| Net income | €626.0m | €503.0m | €258.0m | −€64.0m | €194.0m | €134.0m | €217.0m | €386.0m | €384.0m | €352.0m |
| Diluted earnings per share | 1.06 | 0.85 | 0.44 | -0.11 | 0.32 | 0.21 | 0.43 | 0.63 | 0.65 | 0.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €8.47bn | €7.69bn | €6.80bn | €6.61bn | €6.52bn | €6.23bn | €6.40bn | €6.06bn | €5.61bn | €5.39bn |
| Cash and short-term investments | €2.59bn | €1.55bn | €819.0m | €461.0m | €964.0m | €919.0m | €358.0m | €487.0m | €379.0m | €472.0m |
| Total liabilities | €5.59bn | €5.16bn | €4.57bn | €4.46bn | €4.20bn | €4.04bn | €3.99bn | €3.63bn | €3.21bn | €3.07bn |
| Debt | €582.0m | €766.0m | €859.0m | €949.0m | €972.0m | €1.33bn | €1.10bn | €823.0m | €619.0m | €626.0m |
| Shareholders' equity | €2.88bn | €2.52bn | €2.23bn | €2.13bn | €2.31bn | €2.18bn | €2.40bn | €2.42bn | €2.37bn | €2.29bn |
| Shares outstanding | 592m | 593m | 589m | 590m | 613m | 625m | 500m | 608m | 593m | 593m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €1.60bn | €1.21bn | €822.0m | −€62.0m | €731.0m | €681.0m | €232.0m | €470.0m | €430.0m | €613.0m |
| Capital spending | −€150.0m | −€170.0m | −€148.0m | −€156.0m | −€142.0m | −€115.0m | −€116.0m | −€110.0m | −€64.0m | −€55.0m |
| Free cash flow | €1.45bn | €1.04bn | €674.0m | −€218.0m | €589.0m | €566.0m | €116.0m | €360.0m | €366.0m | €558.0m |
| Dividends paid | −€263.0m | −€194.0m | −€156.0m | −€145.0m | −€121.0m | −€286.0m | −€284.0m | −€274.0m | −€264.0m | −€250.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.56bn | €1.56bn | €2.00bn | €1.63bn | €1.72bn | €1.56bn | €1.85bn | €1.72bn |
| Operating income | €189.0m | €184.0m | €257.0m | €261.0m | €186.0m | €165.0m | €229.0m | €192.0m |
| Net income | €146.0m | €146.0m | €186.0m | €181.0m | €136.0m | €122.0m | €160.0m | €143.0m |
| Diluted earnings per share | 0.25 | 0.25 | 0.31 | 0.31 | 0.23 | 0.21 | 0.27 | 0.24 |
| Cash from operations | €497.0m | €7.0m | €652.0m | €340.0m | €416.0m | €190.0m | €437.0m | €296.0m |
| Capital spending | −€36.0m | −€51.0m | −€40.0m | −€38.0m | −€37.0m | −€33.0m | −€59.0m | −€32.0m |
| Free cash flow | €461.0m | −€44.0m | €612.0m | €302.0m | €379.0m | €157.0m | €378.0m | €264.0m |
| Total assets | €8.43bn | €8.25bn | €8.47bn | €8.04bn | €7.89bn | €7.86bn | €7.69bn | €7.27bn |
| Cash and short-term investments | €2.22bn | €2.12bn | €2.59bn | €2.00bn | €1.70bn | €1.55bn | €1.55bn | €1.19bn |
| Debt | €361.0m | €363.0m | €623.0m | €584.0m | €602.0m | €722.0m | €766.0m | €783.0m |
| Shareholders' equity | €2.53bn | €2.39bn | €2.88bn | €2.68bn | €2.50bn | €2.40bn | €2.52bn | €2.37bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 12.0% | 11.1% | 6.7% | -0.3% | 6.6% | 5.1% |
| Net margin | 9.1% | 7.8% | 4.3% | -1.1% | 4.1% | 2.9% |
| Return on equity | 21.8% | 19.9% | 11.6% | -3.0% | 8.4% | 6.2% |
| Return on assets | 7.4% | 6.5% | 3.8% | -1.0% | 3.0% | 2.2% |
| Free cash flow yield | 10.1% | 8.0% | 5.7% | 0.5% | 4.9% | 4.4% |
| Revenue growth | 7.2% | 7.2% | 2.9% | 22.3% | 3.8% | -10.9% |
| Earnings growth | 24.5% | 95.0% | -503.1% | -133.0% | 44.8% | -38.2% |
| Current ratio | 1.39x | 1.24x | 1.23x | 1.19x | 1.31x | 1.47x |
| Debt to equity | 0.14x | 0.22x | 0.29x | 0.34x | 0.35x | 0.55x |
| Equity ratio | 34.0% | 32.8% | 32.7% | 32.3% | 35.5% | 34.9% |
| Interest coverage | 11.54x | 10.69x | 6.18x | -0.45x | 9.52x | 5.71x |
| R&D as a share of sales | 4.8% | 5.0% | 4.6% | 4.4% | 4.4% | 3.6% |
| Buybacks as a share of market value | 0.1% | -0.6% | 0.2% | 3.7% | 2.0% | -25.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 8.5% | 3.2% |
| Operating income | — | 28.8% | 3.5% |
| Net income | — | 36.1% | 3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.6% | 7.7% | 7.2% | 8.5% |
| Net margin | 8.4% | 5.2% | 4.8% | 5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 28.8 | 20.2 | 30.0 | -72.5 | 39.0 | 38.0 | 22.7 | 21.9 | 27.1 | 24.0 |
| Price to sales | 2.6 | 1.6 | 1.3 | 0.8 | 1.6 | 1.1 | 0.9 | 1.6 | 2.1 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 15 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.54 | 0.68 | 0.32 | 0.26 | 0.24 | 0.20 | 0.48 | 0.48 |
- 3-for-1 split · 9 Mar 2018
- 2-for-1 split · 4 Mar 2011
- 3-for-2 split · 2 Dec 2004
- 2-for-1 split · 8 Apr 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.