| Market Cap | €485.0M | |
| Enterprise Value | €685.2M | |
| Revenue | €1.81B | +3.3% |
| Gross Profit | €198.0M | +3.5% |
| EBITDA | — | — |
| Net Income | €40.7M | +2.6% |
| Diluted EPS | €1.44 | +2.1% |
| Free Cash Flow | €65.9M | +22.8% |
| DPS (FY2025) | €0.69 |
| Trailing yield | 4.02% |
| Payout ratio | 51.1% |
| Growth streak | 0 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | €0.69 | — | reported |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own |
|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||
| Gross Margin | 11.06% | 11.46% | 9.93% | 9.79% | 10.90% | 10.91% | 58% | |
| Operating Margin | 2.70% | 0.41% | 0.01% | 0.02% | 3.78% | 3.53% | 75% | |
| NOPAT Margin | 1.78% | 0.00% | 0.00% | 0.02% | 3.12% | 2.87% | 75% | |
| Net Margin | 1.52% | −0.45% | −0.31% | −1.13% | 2.26% | 2.24% | 75% | |
| FCF Margin | 4.08% | 2.09% | −4.28% | −0.93% | 3.06% | 3.64% | 75% | |
| FCFF Margin | 5.01% | 2.09% | −4.28% | — | 4.24% | 4.45% | 70% | |
| FCFE Margin | 3.21% | 1.77% | −1.44% | 0.43% | 2.95% | 2.12% | 58% | |
| OCF Margin | 6.80% | 5.73% | 3.17% | 5.32% | 5.27% | 6.62% | 75% | |
| Gross Profitability | 17.70% | 18.36% | 16.21% | 17.34% | 19.43% | 19.81% | 92% | |
| Capex Intensity | 2.72% | 3.64% | 7.45% | 6.25% | 2.21% | 2.98% | 42% | |
| ▸Returns on Capital · 6 ratios | ||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||
| ▸Earnings quality · 5 ratios | ||||||||
| ▸Liquidity & coverage · 7 ratios | ||||||||
| ▸Leverage · 8 ratios | ||||||||
| ▸Working capital · 8 ratios | ||||||||
| ▸Capital allocation · 5 ratios | ||||||||
| ▸Other · 1 ratios | ||||||||
The five drivers multiply to 9.5% vs reported ROE 9.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | €1.50B | €1.54B | €1.70B | €1.75B | €1.76B | €1.81B |
| YoY % | +2.4% | +10.2% | +3.3% | +0.2% | +3.3% | |
| Cost of Revenue | €1.34B | €1.36B | €1.53B | €1.58B | €1.56B | €1.62B |
| YoY % | +1.9% | +12.1% | +3.5% | -1.1% | +3.3% | |
| Gross Profit | €166.3M | €176.5M | €168.5M | €171.5M | €191.3M | €198.0M |
| YoY % | +6.1% | -4.5% | +1.8% | +11.5% | +3.5% | |
| Selling & Marketing Expense | — | — | — | €75.1M | €74.0M | €72.2M |
| YoY % | -1.5% | -2.5% | ||||
| SG&A Expense | €45.7M | €45.8M | €44.5M | €51.5M | €52.5M | €58.4M |
| YoY % | +0.2% | -2.8% | +15.6% | +2.0% | +11.3% | |
| Operating Income | €40.5M | €6.4M | €133,000 | €369,000 | €66.4M | €64.0M |
| YoY % | -84.3% | -97.9% | +177.4% | +17888.9% | -3.6% | |
| Interest Expense | €21.2M | €13.0M | €11.2M | €27.5M | €25.0M | €18.1M |
| YoY % | -38.6% | -13.7% | +144.9% | -9.0% | -27.6% | |
| Interest & Investment Income | €16.7M | €8.1M | €7.8M | €13.8M | €9.5M | €7.4M |
| YoY % | -51.6% | -3.2% | +76.9% | -30.9% | -22.1% | |
| Equity Method Income | €1.2M | €3.4M | €4.9M | €2.1M | €1.1M | €246,000 |
| YoY % | +183.2% | +46.2% | -58.2% | -45.6% | -78.1% | |
| Pretax Income | €37.3M | €4.8M | €1.7M | -€11.2M | €52.1M | €53.6M |
| YoY % | -87.0% | -65.4% | +3.0% | |||
| Income Tax | €12.6M | €10.2M | €5.5M | €4.1M | €9.1M | €10.0M |
| YoY % | -18.7% | -46.0% | -26.3% | +122.3% | +10.9% | |
| Net Income (incl. NCI) | €24.7M | -€5.4M | -€3.9M | -€15.3M | €43.0M | €43.6M |
| YoY % | +1.3% | |||||
| Minority Interest (P&L) | €1.8M | €1.5M | €1.5M | €4.5M | €3.3M | €2.9M |
| YoY % | -14.4% | -2.8% | +209.9% | -26.1% | -14.3% | |
| Net Income | €22.9M | -€6.9M | -€5.3M | -€19.8M | €39.7M | €40.7M |
| YoY % | +2.6% | |||||
| EPS (Basic) | — | — | — | -€0.70 | €1.41 | €1.44 |
| YoY % | +2.1% | |||||
| EPS (Diluted) | — | — | — | -€0.70 | €1.41 | €1.44 |
| YoY % | +2.1% | |||||
| Dividends Declared per Share | — | €1 | €1 | €1 | €0 | €1 |
| YoY % | +26.0% | +11.1% | -57.1% | +130.0% |
Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
