| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | €620.4M | +149.4% |
| Gross Profit | €383.6M | +208.1% |
| EBITDA | — | — |
| Net Income | €280.2M | +330.6% |
| Diluted EPS | €0.79 | +315.8% |
| Free Cash Flow | -€841.5M | — |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | −134.65% | 36.20% | 53.45% | 44.89% | 50.06% | 61.84% | 92% | 90% | |
| Operating Margin | −184.16% | 18.27% | 38.70% | 13.30% | 27.92% | 51.22% | 92% | 99% | |
| EBITDA Margin | −104.77% | 45.31% | 60.02% | 34.52% | — | — | — | — | |
| NOPAT Margin | −145.49% | 18.27% | 38.70% | 13.30% | 26.92% | 49.85% | 92% | 99% | |
| Net Margin | −138.62% | 12.23% | 33.40% | 10.59% | 26.16% | 45.17% | 92% | 98% | |
| FCF Margin | −1362.67% | −217.83% | −183.76% | −3.24% | −210.04% | −135.64% | 75% | 4% | |
| FCFF Margin | — | −208.82% | −174.67% | 0.89% | −207.25% | −129.78% | 70% | 1% | |
| FCFE Margin | −986.86% | −234.24% | −138.23% | 74.96% | −67.18% | 30.38% | 75% | 92% | |
| OCF Margin | −49.21% | 49.56% | 27.28% | 58.35% | 37.43% | 63.54% | 92% | 99% | |
| Gross Profitability | −7.80% | 5.19% | 8.49% | 3.89% | 6.43% | 11.23% | 92% | 20% | |
| Capex Intensity | 1313.46% | 267.39% | 211.05% | 61.59% | 247.47% | 199.19% | 25% | 99% | |
| ▸Returns on Capital · 3 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 6 ratios | |||||||||
| ▸Liquidity & coverage · 6 ratios | |||||||||
| ▸Leverage · 2 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Capital allocation · 2 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 23.8% vs reported ROE 20.5%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | €19.5M | €60.9M | €106.4M | €108.6M | €248.7M | €620.4M |
| YoY % | +212.5% | +74.6% | +2.1% | +129.0% | +149.4% | |
| Cost of Revenue | €45.8M | €38.9M | €49.5M | €59.9M | €124.2M | €236.8M |
| YoY % | -15.0% | +27.4% | +20.8% | +107.5% | +90.6% | |
| Gross Profit | -€26.3M | €22.1M | €56.9M | €48.8M | €124.5M | €383.6M |
| YoY % | +157.9% | -14.3% | +155.3% | +208.1% | ||
| SG&A Expense | €9.6M | €10.9M | €15.7M | €34.5M | €57.1M | €74.6M |
| YoY % | +13.3% | +43.7% | +119.5% | +65.7% | +30.7% | |
| Operating Income | -€35.9M | €11.1M | €41.2M | €14.4M | €69.4M | €317.7M |
| YoY % | +270.0% | -64.9% | +380.8% | +357.6% | ||
| Interest Expense | €7.9M | €5.5M | €9.7M | €4.5M | €7.2M | €37.4M |
| YoY % | -30.8% | +76.3% | -53.7% | +60.5% | +419.1% | |
| Interest & Investment Income | €16.8M | €1.8M | €4.0M | €1.5M | €5.2M | €7.5M |
| YoY % | -89.3% | +124.6% | -61.8% | +239.6% | +43.3% | |
| Pretax Income | -€27.0M | €7.4M | €35.5M | €11.5M | €67.5M | €287.9M |
| YoY % | +377.8% | -67.6% | +486.9% | +326.6% | ||
| Income Tax | -€1,000 | -€13,000 | €0 | €0 | €2.4M | €7.7M |
| YoY % | +218.9% | |||||
| Net Income (incl. NCI) | -€27.0M | €7.5M | €35.5M | €11.5M | €65.1M | €280.2M |
| YoY % | +377.0% | -67.6% | +465.9% | +330.6% | ||
| Net Income | -€27.0M | €7.5M | €35.5M | €11.5M | €65.1M | €280.2M |
| YoY % | +377.0% | -67.6% | +465.9% | +330.6% | ||
| EPS (Basic) | -€1.04 | €60.00 | €0.22 | €0.06 | €0.19 | €0.80 |
| YoY % | -99.6% | -72.7% | +216.7% | +321.1% | ||
| EPS (Diluted) | -€1.04 | €60.00 | €0.22 | €0.06 | €0.19 | €0.79 |
| YoY % | -99.6% | -72.7% | +216.7% | +315.8% |
The sector classification is SIC-derived, not official GICS. 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.
