| Market Cap | €354.6M | |
| Enterprise Value | €423.2M | |
| Revenue | €149.9M | +16.9% |
| Gross Profit | — | — |
| EBITDA | €42.8M | +5.7% |
| Net Income | €16.1M | −5.8% |
| Diluted EPS | — | — |
| Free Cash Flow | €38.5M | +5.4% |
| DPS (FY2025) | — |
| Trailing yield | — |
| Payout ratio | 46.3% |
| Growth streak | — |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | — | — | reported |
| FY20242024-12-31 | — | — | reported |
| FY20232023-12-31 | — | — | reported |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Operating Margin | −28.76% | −18.98% | 7.96% | 21.22% | 23.95% | 21.80% | 75% | 91% | |
| EBITDA Margin | −8.26% | 2.43% | 19.57% | 29.24% | 31.56% | 28.53% | 58% | 89% | |
| NOPAT Margin | −22.72% | −15.00% | 3.52% | 14.33% | 16.14% | 14.50% | 75% | 85% | |
| Net Margin | −24.49% | −10.83% | 5.17% | 10.25% | 13.33% | 10.74% | 75% | 79% | |
| FCF Margin | −60.88% | −5.27% | 34.73% | 27.03% | 28.48% | 25.66% | 42% | 95% | |
| FCFF Margin | — | — | 36.68% | 30.98% | 32.17% | 29.29% | 13% | 93% | |
| OCF Margin | −55.43% | 1.43% | 36.26% | 27.73% | 29.72% | 28.13% | 58% | 90% | |
| Capex Intensity | 5.45% | 6.70% | 1.53% | 0.69% | 1.24% | 2.46% | 58% | 52% | |
| ▸Returns on Capital · 6 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 7 ratios | |||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||
| ▸Leverage · 9 ratios | |||||||||
| ▸Working capital · 3 ratios | |||||||||
| ▸Capital allocation · 3 ratios | |||||||||
| ▸Other · 1 ratios | |||||||||
The five drivers multiply to 13.7% vs reported ROE 13.6%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | €50.9M | €48.5M | €90.4M | €123.3M | €128.2M | €149.9M |
| YoY % | -4.7% | +86.3% | +36.3% | +4.0% | +16.9% | |
| Total Operating Expenses | €61.8M | €52.0M | €70.2M | €82.2M | €82.6M | €104.5M |
| YoY % | -15.9% | +35.0% | +17.1% | +0.5% | +26.5% | |
| Operating Income | -€14.6M | -€9.2M | €7.2M | €26.2M | €30.7M | €32.7M |
| YoY % | +263.4% | +17.4% | +6.4% | |||
| Interest Expense | €1.3M | €2.6M | €4.0M | €7.2M | €7.0M | €8.2M |
| YoY % | +91.5% | +54.4% | +80.9% | -2.4% | +16.1% | |
| Interest & Investment Income | €8,000 | €7,000 | €94,000 | €413,000 | €1.6M | €20,000 |
| YoY % | -12.5% | +1242.9% | +339.4% | +279.2% | -98.7% | |
| Equity Method Income | €101,000 | €76,000 | -€242,000 | €13,000 | €10,000 | €9,000 |
| YoY % | -24.8% | -23.1% | -10.0% | |||
| Pretax Income | -€15.9M | -€11.7M | €3.1M | €19.4M | €25.3M | €24.5M |
| YoY % | +531.8% | +30.4% | -2.8% | |||
| Income Tax | -€3.3M | -€6.8M | €1.7M | €6.3M | €8.2M | €8.2M |
| YoY % | +267.5% | +30.9% | -0.2% | |||
| Income from Continuing Operations | — | -€4.9M | €1.4M | €13.1M | — | — |
| YoY % | +866.0% | |||||
| Income from Discontinued Operations | — | €53,000 | €3.3M | €0 | — | — |
| YoY % | +6164.2% | -100.0% | ||||
| Net Income (incl. NCI) | -€12.6M | -€4.9M | €4.7M | €13.1M | €17.0M | €16.3M |
| YoY % | +179.8% | +30.1% | -4.1% | |||
| Minority Interest (P&L) | €128,000 | -€396,000 | €1,000 | -€448,000 | €77,000 | -€225,000 |
| Net Income | -€12.5M | -€5.3M | €4.7M | €12.6M | €17.1M | €16.1M |
| YoY % | +170.2% | +35.4% | -5.8% | |||
| EPS (Basic) | -€0.67 | -€0.28 | €0.25 | €0.68 | €0.92 | €0.86 |
| YoY % | +170.5% | +35.3% | -5.9% | |||
| EPS (Diluted) | -€0.67 | -€0.28 | — | — | — | — |
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.
