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KPIsSections15
| Revenue — GREEN | €597.0M | +39.2% YoY |
|---|---|---|
| Net income — GREEN | -€36.7M | -3157.3% YoY |
| Net margin — GREEN | -6.1% | |
| Operating margin — GREEN | -7.0% |
Red flags1 red1 orange
Liquidity2
RED
Net margin -6.1%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
ORANGE
Current ratio 0.49
current_ratio_lowCurrent assets are below current liabilities — short-term liquidity pressure.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | €597.0M | GREEN |
| Operating Margin | -7.0% | GREEN |
| Net Margin | -6.1% | GREEN |
| Operating Income | -€41.5M | GREEN |
| Net Income | -€36.7M | GREEN |
| EBITDA | -€17.7M | GREEN |
| Income Tax Expense | -€11.1M | GREEN |
| Pre-tax Income | -€45.6M | GREEN |
| EPS Diluted | €-1.32 | GREEN |
| Interest Expense | €12.3M | GREEN |
| Selling General & Admin Exp | €777,000 | GREEN |
| Interest and Investment Income | €1.5M | GREEN |
| Other Non Operating Income (Expenses) | €6.3M | GREEN |
| Basic EPS | -€1.32 | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Total Assets | €719.9M | GREEN |
| Current Assets | €157.2M | GREEN |
| Current Liabilities | €318.7M | GREEN |
| Total Liabilities | €515.9M | GREEN |
| Total Equity | €200.0M | GREEN |
| Noncontrolling Interest | €4.0M | GREEN |
| Cash & Equivalents | €95.6M | GREEN |
| Deferred Revenue (Current) | €144.9M | GREEN |
| Trade Receivables | €28.1M | GREEN |
| Gross Property, Plant & Equipment | €423.2M | GREEN |
| Other Intangibles | €6.0M | GREEN |
| Current Portion of Capital Leases | €21.1M | GREEN |
| Other Current Liabilities | €20.5M | GREEN |
| Capital Leases | €103.0M | GREEN |
| Other Non-Current Liabilities | €146,000 | GREEN |
| Common Stock | €6.0M | GREEN |
| Additional Paid In Capital | €49.7M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating Cash Flow | €32.4M | GREEN |
| Capital Expenditures | €25.0M | GREEN |
| Investing Cash Flow | -€27.8M | GREEN |
| Depreciation & Amortization | €23.8M | GREEN |
| Free Cash Flow | €7.4M | GREEN |
| Financing Cash Flow | -€22.8M | GREEN |
| Change in Accounts Receivable | -€1.5M | GREEN |
| Change in Inventories | -€15.0M | GREEN |
| Change in Accounts Payable | €14.5M | GREEN |
| Change in Income Taxes | €586,000 | GREEN |
| Sale of Property, Plant, and Equipment | €50,000 | GREEN |
| Long Term Debt Repaid | €8.4M | GREEN |
| Net Change in Cash | -€18.2M | GREEN |
| Cash Interest Paid | €5.8M | GREEN |
Sections in this filing
Capital management
25 Loans and borrowings The company has the following loans and borrowings: Amounts in EUR '000 2025 2024 Loans and borrowings - non-current 60,444 80,330 Finance liabilities sale and leaseback - non-current 25,694 29,588 Loans and borrowings - current 20,148 — Finance liabilities sale and leaseback - current 8,155 7,403 Total Loan and borrowings 114,441 117,321