R 
240.00
—
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
€698.3m
FY2016FY2025
Net income
€36.9m
FY2016FY2025
Free cash flow
−€30.4m
FY2016FY2025
Shareholders' equity
€174.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €698.3m | €581.6m | €337.7m | €303.7m | €161.2m | €193.8m | €317.8m | €254.9m | €173.2m | €125.3m |
| Research and development | — | — | €85,000 | €124,000 | €176,000 | €322,000 | €2.7m | €1.1m | €1.6m | €1.4m |
| Operating income | €55.2m | €50.1m | €3.7m | €13.3m | −€67.2m | −€43.5m | €29.7m | €19.2m | −€3.1m | €8.9m |
| Net income | €36.9m | €29.8m | €7.0m | €4.6m | −€54.7m | −€32.6m | €15.7m | €5.5m | −€6.0m | €1.8m |
| Diluted earnings per share | 9.23 | 7.45 | 1.85 | 1.22 | -14.40 | -8.58 | 4.13 | 1.46 | -1.57 | 0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €642.5m | €553.0m | €392.8m | €380.3m | €374.1m | €359.7m | €407.2m | €388.0m | €363.1m | €377.6m |
| Cash and short-term investments | €177.6m | €186.4m | €89.4m | €60.2m | €107.0m | €93.1m | €145.0m | €133.4m | €85.3m | €99.9m |
| Total liabilities | €454.3m | €390.2m | €252.7m | €239.1m | €247.0m | €177.6m | €208.2m | €202.7m | €183.3m | €191.4m |
| Debt | €82.1m | €56.3m | €66.6m | €91.3m | €106.2m | €75.6m | €71.9m | €60.4m | €50.7m | €46.3m |
| Shareholders' equity | €174.6m | €146.4m | €124.1m | €124.1m | €115.1m | €169.1m | €182.2m | €179.7m | €178.5m | €186.2m |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€24.9m | €123.4m | €12.3m | −€25.5m | −€18.7m | −€57.2m | €13.5m | €36.7m | −€10.2m | €25.9m |
| Capital spending | −€5.4m | −€3.3m | −€61,000 | −€1.8m | −€3.6m | −€91,000 | −€11.2m | −€3.5m | −€4.4m | −€4.9m |
| Free cash flow | −€30.4m | €120.1m | €12.2m | −€27.3m | −€22.3m | −€57.3m | €2.3m | €33.2m | −€14.6m | €21.0m |
| Dividends paid | −€7.6m | −€3.8m | — | — | — | −€1.9m | −€2.6m | −€1.9m | −€1.1m | −€456,000 |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €401.4m | €320.3m | €370.5m | €211.1m | €186.9m | €80.9m | €168.8m | €87.7m |
| Operating income | €31.5m | €12.3m | €28.5m | €14.2m | €3.0m | €1.8m | €650,000 | €850,500 |
| Net income | €25.2m | €11.7m | €21.9m | €7.9m | €666,000 | €333,000 | €6.4m | €3.2m |
| Diluted earnings per share | 6.31 | 2.92 | 5.48 | 1.97 | 0.18 | 0.09 | 1.68 | 0.84 |
| Cash from operations | €1.0m | −€26.0m | €60.0m | €62.0m | €19.0m | €9.0m | −€7.0m | −€3.0m |
| Capital spending | −€4.0m | −€1.0m | −€1.0m | −€1.0m | — | — | −€7.0m | — |
| Free cash flow | −€3.0m | −€27.0m | €59.0m | €61.0m | — | — | −€14.0m | — |
| Total assets | €642.5m | €527.3m | €553.0m | €483.9m | €392.8m | €392.8m | €370.8m | €370.8m |
| Cash and short-term investments | €177.6m | €151.5m | €186.4m | €142.5m | €89.4m | €88.3m | €77.2m | €80.7m |
| Debt | €82.1m | €63.5m | €56.3m | €63.1m | €66.6m | €19.5m | €80.7m | €32.2m |
| Shareholders' equity | €174.6m | €148.8m | €146.4m | €126.5m | €124.1m | €124.1m | €126.9m | €126.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 32.0% | 29.2% | 1.0% |
| Operating income | 60.9% | — | 19.7% |
| Net income | 99.6% | — | 36.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.2% | 6.4% | 0.5% | 2.0% |
| Net margin | 5.2% | 4.1% | -0.4% | 0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.9 | 6.6 | 26.6 | 27.2 | -2.6 | -4.1 | 9.7 | 28.1 | -22.8 | 75.1 |
| Price to sales | 1.6 | 0.3 | 0.6 | 0.4 | 0.9 | 0.7 | 0.5 | 0.6 | 0.8 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 18 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.00 | 2.00 | 1.00 | 0.28 | 0.50 | 0.70 | 0.50 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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