| Market Cap | €3.81B | |
| Enterprise Value | €3.60B | |
| Revenue | €1.56B | −5.5% |
| Gross Profit | €469.1M | −2.0% |
| EBITDA | €266.5M | −45.4% |
| Net Income | €164.0M | −84.6% |
| Diluted EPS | — | — |
| Free Cash Flow | €172.0M | −60.2% |
| DPS (FY2025) | — |
| Trailing yield | — |
| Payout ratio | 108.8% |
| Growth streak | — |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | — | — | reported |
| FY20242024-12-31 | — | — | reported |
| FY20232023-12-31 | — | — | reported |
| FY20222022-12-31 | — | — |
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 7y | vs own |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 23.70% | 22.30% | 22.11% | 20.99% | 26.88% | 29.05% | 30.14% | 93% | |
| Operating Margin | 4.89% | 2.16% | 10.73% | 2.60% | 12.27% | 13.18% | 13.34% | 93% | |
| EBITDA Margin | 8.52% | 6.57% | 14.27% | 7.58% | 18.70% | 29.61% | 17.12% | 64% | |
| NOPAT Margin | 2.99% | 0.51% | 7.95% | 0.76% | 9.16% | 9.57% | 9.97% | 93% | |
| Net Margin | 2.43% | 0.25% | 7.44% | 0.58% | 19.42% | 64.75% | 10.54% | 64% | |
| FCF Margin | — | 5.92% | 0.39% | 2.30% | 19.86% | 26.22% | 11.05% | 58% | |
| FCFF Margin | — | 6.20% | 1.00% | 2.53% | 20.68% | 27.03% | 11.75% | 58% | |
| FCFE Margin | — | 5.87% | −7.15% | 0.16% | 20.57% | 20.15% | 3.02% | 42% | |
| OCF Margin | 8.24% | 7.35% | 1.70% | 3.92% | 24.40% | 28.90% | 12.16% | 64% | |
| Gross Profitability | 20.65% | 18.72% | 18.20% | 20.48% | 10.97% | 19.53% | 28.81% | 93% | |
| Capex Intensity | — | 1.43% | 1.31% | 1.62% | 4.54% | 2.68% | 1.11% | 8% | |
| ▸Returns on Capital · 6 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 7 ratios | |||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||
| ▸Leverage · 7 ratios | |||||||||
| ▸Working capital · 8 ratios | |||||||||
| ▸Capital allocation · 5 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 13.0% vs reported ROE 16.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | €3.68B | €3.26B | €3.31B | €4.09B | €1.79B | €1.65B | €1.56B |
| YoY % | -11.4% | +1.6% | +23.3% | -56.3% | -7.8% | -5.5% | |
| Cost of Revenue | €2.81B | €2.54B | €2.58B | €3.23B | €1.31B | €1.17B | €1.09B |
| YoY % | -9.8% | +1.8% | +25.1% | -59.6% | -10.5% | -7.0% | |
| Gross Profit | €873.1M | €727.9M | €732.9M | €858.1M | €480.2M | €478.6M | €469.1M |
| YoY % | -16.6% | +0.7% | +17.1% | -44.0% | -0.3% | -2.0% | |
| R&D Expense | €105.6M | €107.9M | €103.9M | €99.8M | €34.7M | €38.5M | €36.7M |
| YoY % | +2.2% | -3.7% | -3.9% | -65.2% | +11.0% | -4.7% | |
| Selling & Marketing Expense | €238.4M | €199.5M | €188.4M | €199.9M | €97.8M | €95.7M | €90.8M |
| YoY % | -16.3% | -5.6% | +6.1% | -51.1% | -2.1% | -5.1% | |
| SG&A Expense | €269.3M | €236.7M | €251.7M | €279.7M | €131.2M | €133.7M | €131.2M |
| YoY % | -12.1% | +6.3% | +11.1% | -53.1% | +1.9% | -1.9% | |
| Operating Income | €180.0M | €70.4M | €355.7M | €106.1M | €219.2M | €217.1M | €207.6M |
| YoY % | -60.9% | +405.3% | -70.2% | +106.6% | -1.0% | -4.4% | |
| Interest Expense | €38.1M | €38.7M | €27.4M | €31.6M | €19.6M | €18.3M | €14.6M |
| YoY % | +1.6% | -29.2% | +15.3% | -38.0% | -6.6% | -20.2% | |
| Interest & Investment Income | €4.0M | €2.8M | €4.7M | €4.4M | €5.8M | €14.6M | €9.1M |
| YoY % | -30.0% | +67.9% | -6.4% | +31.8% | +151.7% | -37.7% | |
| Equity Method Income | €600,000 | €5.3M | €7.0M | €7.0M | €11.1M | — | — |
| YoY % | +783.3% | +32.1% | 0.0% | +58.6% | |||
| Pretax Income | €145.9M | €34.5M | €333.1M | €79.0M | €205.4M | €213.4M | €202.2M |
| YoY % | -76.4% | +865.5% | -76.3% | +160.0% | +3.9% | -5.2% | |
| Income Tax | €56.5M | €26.4M | €86.4M | €55.8M | €52.0M | €58.4M | €51.0M |
| YoY % | -53.3% | +227.3% | -35.4% | -6.8% | +12.3% | -12.7% | |
| Income from Continuing Operations | — | — | — | — | €153.5M | €155.0M | €151.2M |
| YoY % | +1.0% | -2.5% | |||||
| Income from Discontinued Operations | — | — | — | — | €195.2M | €912.5M | €13.2M |
| YoY % | +367.5% | -98.6% | |||||
| Net Income (incl. NCI) | €89.4M | €8.1M | €246.7M | €23.2M | €348.7M | €1.07B | €164.4M |
| YoY % | -90.9% | +2945.7% | -90.6% | +1403.0% | +206.1% | -84.6% | |
| Minority Interest (P&L) | €0 | -€100,000 | €200,000 | -€700,000 | €1.8M | €800,000 | €400,000 |
| YoY % | -55.6% | -50.0% | |||||
| Net Income | €89.4M | €8.1M | €246.5M | €23.9M | €346.9M | €1.07B | €164.0M |
| YoY % | -90.9% | +2943.2% | -90.3% | +1351.5% | +207.5% | -84.6% | |
| EPS (Basic) | €1.39 | €0.13 | €3.82 | €0.37 | €5.38 | — | — |
| YoY % | -90.6% | +2838.5% | -90.3% | +1354.1% | |||
| EPS (Diluted) | €1.39 | €0.13 | €3.82 | €0.37 | €5.37 | — | — |
| YoY % | -90.6% | +2838.5% | -90.3% | +1351.4% |
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.
| reported |
| FY20212021-12-31 | — | — | reported |
| FY20202020-12-31 | — | — | reported |
| FY20192019-12-31 | — | — | reported |
