Z 
1,770.00p
+3.15%
Close of 9 Nov 2026, in pence
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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
€3.63bn
FY2016FY2026
Net income
−€189.4m
FY2016FY2026
Free cash flow
€1.85bn
FY2016FY2026
Shareholders' equity
€796.9m
FY2016FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €3.63bn | €2.41bn | — | — | — | — | — | — | — | €140.8m |
| Research and development | — | — | — | — | — | — | — | — | — | €909,000 |
| Operating income | €203.3m | −€68.4m | −€13.4m | −€3.3m | −€34.0m | −€6.8m | −€6.0m | −€4.7m | −€11.0m | −€5.9m |
| Net income | −€189.4m | −€351.0m | −€15.6m | −€3.3m | €79.9m | €14.0m | €41.1m | €9.9m | €41.8m | −€5.5m |
| Diluted earnings per share | -0.30 | -0.46 | -0.08 | -0.59 | 0.72 | 0.07 | 0.18 | 0.08 | 0.26 | -0.03 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €7.94bn | €8.49bn | €1.20bn | €10.9m | €16.0m | €345.7m | €365.5m | €197.4m | €198.6m | €724.8m |
| Cash and short-term investments | €518.8m | €208.0m | €4.6m | €5.9m | €10.6m | €22.7m | €31.0m | €3.1m | €15.3m | €22.5m |
| Total liabilities | €8.81bn | €7.67bn | €17.6m | €402,000 | €1.6m | €13.3m | €14.1m | €3.4m | €2.4m | €362.3m |
| Debt | €4.72bn | €4.97bn | — | — | €106,000 | €11.0m | €11.6m | — | — | €279.9m |
| Shareholders' equity | €796.9m | €816.6m | €1.18bn | €10.5m | €14.5m | €332.5m | €351.3m | €194.1m | €196.2m | €362.5m |
| Shares outstanding | 639m | 759m | 206m | 6m | 111m | 201m | 224m | 126m | 163m | 193m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €2.48bn | €1.20bn | −€3.9m | −€3.9m | −€39.1m | −€7.1m | −€5.2m | −€5.5m | €16.4m | €40.0m |
| Capital spending | −€627.1m | −€130.4m | — | −€3 | −€34,000 | −€13,000 | −€1,000 | −€3 | −€16.1m | −€25.6m |
| Free cash flow | €1.85bn | €1.07bn | −€3.9m | −€3.9m | −€39.2m | −€7.1m | −€5.2m | −€5.5m | €294,000 | €14.4m |
| Dividends paid | −€1.41bn | — | — | — | −€12.2m | −€11.3m | −€9.9m | −€9.5m | −€10.6m | −€4.9m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.79bn | €1.21bn | €302.1m | — | — | — | — | — |
| Operating income | €159.4m | −€62.8m | −€5.7m | −€11.6m | −€1.6m | −€1.8m | −€863,000 | −€1.4m |
| Net income | −€28.2m | −€44.0m | −€46.0m | −€13.8m | −€6.9m | −€1.8m | −€887,000 | −€1.4m |
| Diluted earnings per share | -0.04 | -0.06 | -0.07 | -0.07 | -0.03 | -0.01 | -0.00 | -0.25 |
| Cash from operations | €679.0m | €1.28bn | €69.0m | — | — | — | — | — |
| Capital spending | −€309.0m | −€388.0m | −€42.0m | — | — | — | — | — |
| Free cash flow | €370.0m | €894.0m | €27.0m | — | — | — | — | — |
| Total assets | €8.10bn | €8.49bn | €7.57bn | €1.20bn | €1.20bn | €9.5m | €9.5m | €10.9m |
| Cash and short-term investments | €302.9m | €208.0m | €112.5m | €4.6m | €4.6m | €4.3m | €4.3m | €5.9m |
| Debt | €4.25bn | €396.9m | €4.19bn | — | — | — | — | — |
| Shareholders' equity | €796.9m | €816.6m | €1.16bn | €1.18bn | €1.18bn | €9.2m | €9.2m | €10.5m |
Financial ratios
Data as of 17 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 4.9% | 13.0% | — | — | — | — | — | — | — | -2.7% | -12.0% |
| Net margin | -5.2% | -14.6% | — | — | — | — | — | — | — | -3.9% | -30.0% |
| Return on equity | -23.8% | -43.0% | — | -1.3% | -31.4% | 552.9% | 4.2% | — | — | — | — |
| Return on assets | -2.4% | -4.1% | — | -1.3% | -30.3% | 498.9% | 4.0% | — | — | — | — |
| Free cash flow yield | 0.3% | 0.1% | — | — | -0.0% | -0.0% | -0.0% | -0.0% | — | — | — |
| Revenue growth | 50.4% | — | — | — | — | — | — | — | — | 160.1% | — |
| Earnings growth | -46.0% | 2157.4% | — | 369.4% | -104.1% | 472.2% | -66.0% | — | — | — | — |
| Current ratio | 0.70x | 0.58x | — | 67.85x | 14.84x | 6.88x | 1.73x | — | — | — | — |
| Debt to equity | 5.08x | 0.49x | — | — | — | 0.01x | 0.03x | 0.03x | 0.00x | — | — |
| Equity ratio | 10.0% | 9.6% | — | 98.5% | 96.3% | 90.2% | 96.2% | — | — | — | — |
| Interest coverage | 0.48x | 2.59x | — | -1209.00x | -827.25x | -89.67x | -11.81x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | — | — | 0.6% | 0.7% |
| Buybacks as a share of market value | 15.8% | -7.8% | -242.1% | -3555.2% | 94.9% | 45.1% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | — | 52.3% |
| Net income | 285.2% | — | 27.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.2% | — | — | — |
| Net margin | -8.9% | — | — | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -76.2 | -34.8 | -28.2 | -1.6 | 1.5 | 17.5 | 6.8 | 17.5 | 6.2 | -49.1 |
| Price to sales | 4.0 | 5.1 | — | — | — | — | — | — | — | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 18 Dec 2025.
| FY2026 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 1.621 | 0.026 | 0.068 | 0.05 | 0.067 | 0.039 | 0.045 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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