| Market Cap | €3.76B | |
| Enterprise Value | — | |
| Revenue | €1.20B | +0.8% |
| Gross Profit | €773.5M | −1.1% |
| EBITDA | €356.8M | −7.9% |
| Net Income | €155.6M | −17.3% |
| Diluted EPS | €2.85 | −14.9% |
| Free Cash Flow | €281.0M | −8.4% |
| DPS (FY2025) | €1.15 |
| Trailing yield | 1.63% |
| Payout ratio | 40.8% |
| Growth streak | 0 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | €1.15 | +0.0% | reported |
| FY20242024-12-31 | €1.15 | — | reported |
| FY20232023-12-31 | — | — | reported |
| FY20222022-12-31 | €1.05 | — | reported |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 68.41% | 66.64% | 66.17% | 64.55% | 65.94% | 64.72% | 25% | 54% | |
| Operating Margin | 36.79% | 33.89% | 25.81% | 18.83% | 21.79% | 19.13% | 25% | 90% | |
| EBITDA Margin | 43.71% | 41.65% | 37.07% | 30.76% | 32.68% | 29.86% | 8% | 94% | |
| NOPAT Margin | 28.42% | 26.37% | 19.01% | 14.84% | 16.81% | 13.56% | 8% | 85% | |
| Net Margin | 28.13% | 25.13% | 17.70% | 13.92% | 15.87% | 13.02% | 8% | 84% | |
| FCF Margin | 29.74% | 26.84% | 24.70% | 23.18% | 25.87% | 23.52% | 25% | 93% | |
| FCFF Margin | — | 28.28% | 26.59% | 25.27% | 27.74% | 25.03% | 10% | 80% | |
| OCF Margin | 34.56% | 32.37% | 28.60% | 27.14% | 30.27% | 28.68% | 42% | 94% | |
| Gross Profitability | 48.37% | 25.53% | 26.43% | 23.08% | 23.65% | 26.92% | 75% | 49% | |
| Capex Intensity | 4.82% | 5.53% | 3.91% | 3.96% | 4.40% | 5.17% | 75% | 68% | |
| ▸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 · 3 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 9.1% vs reported ROE 9.2%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | €881.3M | €1.24B | €1.36B | €1.15B | €1.19B | €1.20B |
| YoY % | +40.4% | +10.0% | -15.6% | +3.2% | +0.8% | |
| Cost of Revenue | €278.4M | €412.9M | €460.5M | €407.0M | €403.7M | €421.6M |
| YoY % | +48.3% | +11.5% | -11.6% | -0.8% | +4.4% | |
| Gross Profit | €602.9M | €824.8M | €900.6M | €741.2M | €781.7M | €773.5M |
| YoY % | +36.8% | +9.2% | -17.7% | +5.5% | -1.1% | |
| R&D Expense | €50.8M | €70.1M | €96.9M | €90.9M | €91.6M | €95.0M |
| YoY % | +38.0% | +38.3% | -6.1% | +0.7% | +3.8% | |
| Selling & Marketing Expense | €144.1M | €211.3M | €292.1M | €285.9M | €287.7M | €284.4M |
| YoY % | +46.7% | +38.2% | -2.1% | +0.7% | -1.2% | |
| SG&A Expense | €72.1M | €93.3M | €122.7M | €128.5M | €128.0M | €124.9M |
| YoY % | +29.4% | +31.6% | +4.7% | -0.4% | -2.5% | |
| Operating Income | €324.2M | €419.5M | €351.3M | €216.3M | €258.3M | €228.6M |
| YoY % | +29.4% | -16.3% | -38.4% | +19.5% | -11.5% | |
| Interest Expense | — | €23.0M | €35.0M | €30.4M | €28.8M | €25.4M |
| YoY % | +52.1% | -13.0% | -5.3% | -11.7% | ||
| Interest & Investment Income | — | €2.8M | €9.6M | €15.4M | €12.9M | €8.5M |
| YoY % | +242.4% | +59.3% | -15.9% | -34.4% | ||
| Pretax Income | €321.4M | €399.3M | €325.9M | €201.2M | €242.4M | €211.6M |
| YoY % | +24.3% | -18.4% | -38.3% | +20.5% | -12.7% | |
| Income Tax | €73.1M | €88.6M | €85.8M | €42.7M | €55.4M | €61.6M |
| YoY % | +21.2% | -3.1% | -50.2% | +29.7% | +11.2% | |
| Net Income (incl. NCI) | €248.3M | €310.7M | €240.1M | €158.5M | €187.1M | €150.0M |
| YoY % | +25.1% | -22.7% | -34.0% | +18.0% | -19.8% | |
| Minority Interest (P&L) | €425,000 | -€236,000 | -€797,000 | -€1.3M | -€1.0M | -€5.6M |
| Net Income | €247.9M | €311.0M | €240.9M | €159.8M | €188.1M | €155.6M |
| YoY % | +25.5% | -22.5% | -33.6% | +17.7% | -17.3% | |
| EPS (Basic) | €4.53 | €5.44 | €4.16 | €2.87 | €3.35 | €2.92 |
| YoY % | +20.1% | -23.5% | -31.0% | +16.7% | -12.8% | |
| EPS (Diluted) | €4.50 | €5.40 | €4.15 | €2.87 | €3.35 | €2.85 |
| YoY % | +20.0% | -23.1% | -30.8% | +16.7% | -14.9% | |
| Dividends Declared per Share | — | — | €1 | — | €1 | €1 |
| YoY % | 0.0% |
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.
| FY20212021-12-31 | — | — | reported |
| FY20202020-12-31 | — | — | reported |
