The Company is managed and operated as one business unit. Accordingly, no additional information on business segments or geographical areas is disclosed apart from revenue on geographical areas as disclosed in Note 4, “Revenue.” Revenue is specified on geographical areas according to the location of the customer.

The Company’s non-current segment assets, which comprise intangible assets, and property, plant and equipment, and investments in associates, are located by region as follows:


(EUR’000)	2025		2024
Non-current segment assets (1)
North America		74,651		76,677
Europe (2)		108,064		39,640
Total non-current segment assets		182,715		116,317

(1)

From 2025, non-current segment assets include investments in associates. Comparatives have been restated for comparative purposes.

(2)

As of December 31, 2025 and December 31, 2024, intangible assets and property, plant and equipment of €33.6 million and €27.9 million, respectively, is located in Denmark, the country of domicile. In addition, as of December 31, 2025 and December 31, 2024, intangible assets and property, plant and equipment of €71.8 million and €11.6 million, respectively, is located in Germany.