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Aalberts Industries NV
Buy, Hold or Sell?

Should you buy, hold or sell Aalberts?

I guess you are interested in Aalberts Industries NV. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Aalberts

Let's start. I'm going to help you getting a better view of Aalberts Industries NV. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Aalberts Industries NV even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Aalberts Industries NV is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Aalberts Industries NV. The closing price on 2023-03-24 was €41.31 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Aalberts Industries NV Daily Candlestick Chart
Aalberts Industries NV Daily Candlestick Chart
Summary









1. Valuation of Aalberts




Current price per share

€41.31

2. Growth of Aalberts




Is Aalberts growing?

Current yearPrevious yearGrowGrow %
How rich?$2.5b$2.3b$193.8m7.6%

How much money is Aalberts making?

Current yearPrevious yearGrowGrow %
Making money$343.7m$390.1m-$46.3m-13.5%
Net Profit Margin9.8%12.1%--

How much money comes from the company's main activities?

3. Financial Health of Aalberts




Comparing to competitors in the Specialty Industrial Machinery industry




  Industry Rankings (Specialty Industrial Machinery)  


Richest
#71 / 780

Most Revenue
#36 / 780

Most Profit
#26 / 780

Most Efficient
#216 / 780


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of Aalberts Industries NV.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Aalberts earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Aalberts to the Specialty Industrial Machinery industry mean.
  • A Net Profit Margin of 9.8% means that €0.10 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Aalberts Industries NV:

  • The MRQ is 9.8%. The company is making a profit. +1
  • The TTM is 9.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ9.8%TTM9.8%0.0%
TTM9.8%YOY12.1%-2.3%
TTM9.8%5Y8.6%+1.2%
5Y8.6%10Y7.8%+0.8%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ9.8%5.4%+4.4%
TTM9.8%5.0%+4.8%
YOY12.1%4.6%+7.5%
5Y8.6%4.5%+4.1%
10Y7.8%4.6%+3.2%
1.1.2. Return on Assets

Shows how efficient Aalberts is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Aalberts to the Specialty Industrial Machinery industry mean.
  • 7.5% Return on Assets means that Aalberts generated €0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Aalberts Industries NV:

  • The MRQ is 7.5%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 7.5%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ7.5%TTM7.5%0.0%
TTM7.5%YOY9.9%-2.3%
TTM7.5%5Y7.0%+0.5%
5Y7.0%10Y6.7%+0.3%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ7.5%1.1%+6.4%
TTM7.5%1.1%+6.4%
YOY9.9%1.0%+8.9%
5Y7.0%1.1%+5.9%
10Y6.7%1.1%+5.6%
1.1.3. Return on Equity

Shows how efficient Aalberts is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Aalberts to the Specialty Industrial Machinery industry mean.
  • 13.7% Return on Equity means Aalberts generated €0.14 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Aalberts Industries NV:

  • The MRQ is 13.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 13.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ13.7%TTM13.7%0.0%
TTM13.7%YOY16.8%-3.1%
TTM13.7%5Y12.8%+0.9%
5Y12.8%10Y13.0%-0.2%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ13.7%2.5%+11.2%
TTM13.7%2.2%+11.5%
YOY16.8%2.1%+14.7%
5Y12.8%2.1%+10.7%
10Y13.0%2.3%+10.7%

1.2. Operating Efficiency of Aalberts Industries NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Aalberts is operating .

  • Measures how much profit Aalberts makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Aalberts to the Specialty Industrial Machinery industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Aalberts Industries NV:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY16.3%-16.3%
TTM-5Y9.2%-9.2%
5Y9.2%10Y9.8%-0.6%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.5%-7.5%
TTM-6.1%-6.1%
YOY16.3%6.4%+9.9%
5Y9.2%6.0%+3.2%
10Y9.8%4.7%+5.1%
1.2.2. Operating Ratio

Measures how efficient Aalberts is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • An Operation Ratio of 1.25 means that the operating costs are €1.25 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Aalberts Industries NV:

  • The MRQ is 1.255. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.255. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.255TTM1.2550.000
TTM1.255YOY0.890+0.365
TTM1.2555Y0.965+0.289
5Y0.96510Y0.930+0.035
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2551.563-0.308
TTM1.2551.570-0.315
YOY0.8901.532-0.642
5Y0.9651.479-0.514
10Y0.9301.190-0.260

1.3. Liquidity of Aalberts Industries NV.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Aalberts is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A Current Ratio of 1.48 means the company has €1.48 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Aalberts Industries NV:

  • The MRQ is 1.484. The company is just able to pay all its short-term debts.
  • The TTM is 1.484. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.484TTM1.4840.000
TTM1.484YOY1.264+0.221
TTM1.4845Y1.310+0.174
5Y1.31010Y1.277+0.033
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4841.646-0.162
TTM1.4841.654-0.170
YOY1.2641.710-0.446
5Y1.3101.676-0.366
10Y1.2771.519-0.242
1.3.2. Quick Ratio

Measures if Aalberts is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Aalberts to the Specialty Industrial Machinery industry mean.
  • A Quick Ratio of 0.38 means the company can pay off €0.38 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Aalberts Industries NV:

  • The MRQ is 0.382. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.382. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.382TTM0.3820.000
TTM0.382YOY0.480-0.098
TTM0.3825Y0.477-0.095
5Y0.47710Y0.486-0.010
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3820.798-0.416
TTM0.3820.807-0.425
YOY0.4800.889-0.409
5Y0.4770.856-0.379
10Y0.4860.831-0.345

1.4. Solvency of Aalberts Industries NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Aalberts assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Aalberts to Specialty Industrial Machinery industry mean.
  • A Debt to Asset Ratio of 0.44 means that Aalberts assets are financed with 43.9% credit (debt) and the remaining percentage (100% - 43.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Aalberts Industries NV:

  • The MRQ is 0.439. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.439. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.439TTM0.4390.000
TTM0.439YOY0.403+0.036
TTM0.4395Y0.445-0.006
5Y0.44510Y0.474-0.029
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4390.509-0.070
TTM0.4390.506-0.067
YOY0.4030.500-0.097
5Y0.4450.501-0.056
10Y0.4740.494-0.020
1.4.2. Debt to Equity Ratio

Measures if Aalberts is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Aalberts to the Specialty Industrial Machinery industry mean.
  • A Debt to Equity ratio of 79.7% means that company has €0.80 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Aalberts Industries NV:

  • The MRQ is 0.797. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.797. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.797TTM0.7970.000
TTM0.797YOY0.686+0.111
TTM0.7975Y0.818-0.021
5Y0.81810Y0.927-0.109
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7971.055-0.258
TTM0.7971.045-0.248
YOY0.6861.011-0.325
5Y0.8181.054-0.236
10Y0.9271.032-0.105

2. Market Valuation of Aalberts Industries NV

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Aalberts generates.

  • Above 15 is considered overpriced but always compare Aalberts to the Specialty Industrial Machinery industry mean.
  • A PE ratio of 12.63 means the investor is paying €12.63 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Aalberts Industries NV:

  • The EOD is 14.399. Very good. +2
  • The MRQ is 12.629. Very good. +2
  • The TTM is 12.629. Very good. +2
Trends
Current periodCompared to+/- 
EOD14.399MRQ12.629+1.771
MRQ12.629TTM12.6290.000
TTM12.629YOY17.926-5.298
TTM12.6295Y19.636-7.007
5Y19.63610Y19.861-0.225
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD14.39946.743-32.344
MRQ12.62943.509-30.880
TTM12.62944.954-32.325
YOY17.92662.101-44.175
5Y19.63656.618-36.982
10Y19.86178.009-58.148
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Aalberts.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Aalberts Industries NV:

  • The MRQ is 14.306. Seems overpriced? -1
  • The TTM is 14.306. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ14.306TTM14.3060.000
TTM14.306YOY5.838+8.468
TTM14.3065Y23.743-9.437
5Y23.74310Y21.113+2.630
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ14.30636.328-22.022
TTM14.30673.076-58.770
YOY5.83898.854-93.016
5Y23.743184.069-160.326
10Y21.113289.682-268.569

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Aalberts is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A PB ratio of 1.70 means the investor is paying €1.70 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Aalberts Industries NV:

  • The EOD is 1.934. Good. +1
  • The MRQ is 1.696. Good. +1
  • The TTM is 1.696. Good. +1
Trends
Current periodCompared to+/- 
EOD1.934MRQ1.696+0.238
MRQ1.696TTM1.6960.000
TTM1.696YOY2.956-1.260
TTM1.6965Y2.245-0.549
5Y2.24510Y2.427-0.182
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD1.9342.239-0.305
MRQ1.6962.066-0.370
TTM1.6962.371-0.675
YOY2.9562.411+0.545
5Y2.2452.428-0.183
10Y2.4272.817-0.390
2. Total Gains per Share

2.4. Latest News of Aalberts Industries NV

Does Aalberts Industries NV still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Aalberts Industries NV to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2023-02-25
07:16
Aalberts Full Year 2022 Earnings: EPS: €2.87 (vs €3.26 in FY 2021)Read

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Aalberts Industries NV compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.6531.6530%3.409-52%1.543+7%1.250+32%
Book Value Growth--1.0821.0820%1.209-11%1.096-1%1.093-1%
Book Value Per Share--21.36221.3620%19.708+8%17.813+20%14.703+45%
Book Value Per Share Growth--1.0841.0840%1.209-10%1.096-1%1.093-1%
Current Ratio--1.4841.4840%1.264+17%1.310+13%1.277+16%
Debt To Asset Ratio--0.4390.4390%0.403+9%0.445-1%0.474-7%
Debt To Equity Ratio--0.7970.7970%0.686+16%0.818-3%0.927-14%
Dividend Per Share--1.6501.6500%0.599+175%0.889+86%0.657+151%
Dividend Per Share Growth--2.7532.7530%0.750+267%1.369+101%1.370+101%
Eps--2.8692.8690%3.250-12%2.272+26%1.890+52%
Eps Growth--0.8830.8830%3.070-71%1.317-33%1.202-27%
Free Cash Flow Per Share--0.4100.4100%1.218-66%1.531-73%1.479-72%
Free Cash Flow Per Share Growth--0.3360.3360%0.514-35%0.818-59%1.005-67%
Free Cash Flow To Equity Per Share--0.4100.4100%-1.181+388%0.268+53%0.711-42%
Free Cash Flow To Equity Per Share Growth--2.3472.3470%-218.205+9398%-42.865+1927%-19.920+949%
Gross Profit Margin--1.0001.0000%1.0000%0.823+21%0.696+44%
Intrinsic Value_10Y_max--8.799--------
Intrinsic Value_10Y_min---0.194--------
Intrinsic Value_1Y_max--1.238--------
Intrinsic Value_1Y_min--0.304--------
Intrinsic Value_3Y_max--3.448--------
Intrinsic Value_3Y_min--0.640--------
Intrinsic Value_5Y_max--5.331--------
Intrinsic Value_5Y_min--0.671--------
Net Profit Margin--0.0980.0980%0.121-19%0.086+14%0.078+26%
Operating Margin----0%0.163-100%0.092-100%0.098-100%
Operating Ratio--1.2551.2550%0.890+41%0.965+30%0.930+35%
Pb Ratio1.934+12%1.6961.6960%2.956-43%2.245-24%2.427-30%
Pe Ratio14.399+12%12.62912.6290%17.926-30%19.636-36%19.861-36%
Peg Ratio--14.30614.3060%5.838+145%23.743-40%21.113-32%
Price Per Share41.310+12%36.23036.2300%58.260-38%40.002-9%35.273+3%
Price To Total Gains Ratio12.506+12%10.96810.9680%14.535-25%25.033-56%23.795-54%
Profit Growth--0.8810.8810%3.070-71%1.317-33%1.202-27%
Quick Ratio--0.3820.3820%0.480-20%0.477-20%0.486-21%
Return On Assets--0.0750.0750%0.099-24%0.070+7%0.067+12%
Return On Equity--0.1370.1370%0.168-19%0.128+7%0.130+5%
Revenue Growth--1.0841.0840%1.141-5%1.040+4%1.050+3%
Total Gains Per Share--3.3033.3030%4.008-18%2.432+36%1.907+73%
Total Gains Per Share Growth--0.8240.8240%7.438-89%2.163-62%1.638-50%
Usd Book Value--2559640840.0002559640840.0000%2365820580.000+8%2137808216.000+20%1764297182.120+45%
Usd Book Value Change Per Share--1.7911.7910%3.693-52%1.672+7%1.354+32%
Usd Book Value Per Share--23.14323.1430%21.352+8%19.298+20%15.929+45%
Usd Dividend Per Share--1.7881.7880%0.649+175%0.963+86%0.712+151%
Usd Eps--3.1083.1080%3.521-12%2.462+26%2.047+52%
Usd Free Cash Flow--49078020.00049078020.0000%146150660.000-66%183874648.000-73%177499597.380-72%
Usd Free Cash Flow Per Share--0.4440.4440%1.319-66%1.659-73%1.602-72%
Usd Free Cash Flow To Equity Per Share--0.4440.4440%-1.280+388%0.290+53%0.770-42%
Usd Price Per Share44.755+12%39.25239.2520%63.119-38%43.338-9%38.214+3%
Usd Profit--343762820.000343762820.0000%390132340.000-12%272713448.000+26%226763528.820+52%
Usd Revenue--3499382000.0003499382000.0000%3227556940.000+8%3124460596.000+12%2854968204.540+23%
Usd Total Gains Per Share--3.5793.5790%4.343-18%2.635+36%2.066+73%
 EOD+2 -3MRQTTM+0 -0YOY+14 -285Y+29 -1410Y+27 -16

3.2. Fundamental Score

Let's check the fundamental score of Aalberts Industries NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1514.399
Price to Book Ratio (EOD)Between0-11.934
Net Profit Margin (MRQ)Greater than00.098
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.382
Current Ratio (MRQ)Greater than11.484
Debt to Asset Ratio (MRQ)Less than10.439
Debt to Equity Ratio (MRQ)Less than10.797
Return on Equity (MRQ)Greater than0.150.137
Return on Assets (MRQ)Greater than0.050.075
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Aalberts Industries NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose42.950
Total1/1 (100.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets4,210,700
Total Liabilities1,848,100
Total Stockholder Equity2,318,400
 As reported
Total Liabilities 1,848,100
Total Stockholder Equity+ 2,318,400
Total Assets = 4,210,700

Assets

Total Assets4,210,700
Total Current Assets1,478,500
Long-term Assets1,478,500
Total Current Assets
Cash And Cash Equivalents 79,200
Net Receivables 380,600
Inventory 911,300
Other Current Assets 96,800
Total Current Assets  (as reported)1,478,500
Total Current Assets  (calculated)1,467,900
+/- 10,600
Long-term Assets
Long-term Assets  (as reported)2,732,200
Long-term Assets  (calculated)0
+/- 2,732,200

Liabilities & Shareholders' Equity

Total Current Liabilities996,200
Long-term Liabilities851,900
Total Stockholder Equity2,318,400
Total Current Liabilities
Short Long Term Debt 221,600
Accounts payable 470,100
Other Current Liabilities 212,600
Total Current Liabilities  (as reported)996,200
Total Current Liabilities  (calculated)904,300
+/- 91,900
Long-term Liabilities
Long term Debt 477,000
Capital Lease Obligations Min Short Term Debt174,200
Long-term Liabilities  (as reported)851,900
Long-term Liabilities  (calculated)651,200
+/- 200,700
Total Stockholder Equity
Retained Earnings 2,085,400
Total Stockholder Equity (as reported)2,318,400
Total Stockholder Equity (calculated)2,085,400
+/- 233,000
Other
Capital Stock27,600
Common Stock Shares Outstanding 110,600
Net Debt 619,400
Net Invested Capital 3,017,000
Net Working Capital 482,300



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
381,357
536,399
735,651
699,151
823,703
978,025
1,278,930
1,434,495
1,703,447
1,577,907
1,777,505
1,932,075
1,955,494
1,996,378
2,454,203
2,740,800
2,858,600
2,910,400
3,147,900
3,465,600
3,255,200
3,655,300
4,210,700
4,210,7003,655,3003,255,2003,465,6003,147,9002,910,4002,858,6002,740,8002,454,2031,996,3781,955,4941,932,0751,777,5051,577,9071,703,4471,434,4951,278,930978,025823,703699,151735,651536,399381,357
   > Total Current Assets 
0
0
294,753
269,913
318,857
360,777
548,501
563,061
566,983
479,766
617,288
648,337
662,560
668,905
800,691
941,500
955,500
994,200
1,079,800
1,083,100
992,100
1,195,400
1,478,500
1,478,5001,195,400992,1001,083,1001,079,800994,200955,500941,500800,691668,905662,560648,337617,288479,766566,983563,061548,501360,777318,857269,913294,75300
       Cash And Cash Equivalents 
64
85
167
89
111
154
117
127
100
100
100
100
100
100
100
45,600
40,900
43,500
53,700
58,500
55,800
72,000
79,200
79,20072,00055,80058,50053,70043,50040,90045,600100100100100100100100127117154111891678564
       Short-term Investments 
0
0
0
0
0
0
0
1,963
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000001,9630000000
       Net Receivables 
85,436
102,401
127,659
122,209
135,441
157,187
224,912
220,906
194,514
164,949
219,258
213,462
222,038
231,692
296,373
342,700
374,300
374,600
382,400
364,300
348,000
382,400
380,600
380,600382,400348,000364,300382,400374,600374,300342,700296,373231,692222,038213,462219,258164,949194,514220,906224,912157,187135,441122,209127,659102,40185,436
       Other Current Assets 
0
0
127,659
122,209
135,470
164,852
234,154
234,792
206,715
181,232
230,520
227,104
234,290
243,795
309,174
397,100
393,500
393,900
412,400
398,600
381,400
435,000
96,800
96,800435,000381,400398,600412,400393,900393,500397,100309,174243,795234,290227,104230,520181,232206,715234,792234,154164,852135,470122,209127,65900
   > Long-term Assets 
0
0
440,898
429,238
504,846
617,248
730,429
871,434
1,136,464
1,098,141
1,160,217
1,283,738
1,292,934
1,327,473
1,653,512
1,799,300
1,903,100
1,916,200
2,068,100
2,382,500
2,263,100
2,459,900
2,732,200
2,732,2002,459,9002,263,1002,382,5002,068,1001,916,2001,903,1001,799,3001,653,5121,327,4731,292,9341,283,7381,160,2171,098,1411,136,464871,434730,429617,248504,846429,238440,89800
       Property Plant Equipment 
169,510
205,231
240,123
226,492
269,923
321,641
378,027
444,931
516,265
493,586
530,380
565,338
592,393
616,158
720,291
736,400
761,500
774,900
818,200
1,048,000
986,200
1,055,900
0
01,055,900986,2001,048,000818,200774,900761,500736,400720,291616,158592,393565,338530,380493,586516,265444,931378,027321,641269,923226,492240,123205,231169,510
       Goodwill 
0
95,613
199,385
201,713
216,831
249,495
270,372
308,783
445,557
446,380
464,979
504,283
504,203
513,229
624,731
702,200
736,200
741,000
808,600
850,600
834,200
881,300
0
0881,300834,200850,600808,600741,000736,200702,200624,731513,229504,203504,283464,979446,380445,557308,783270,372249,495216,831201,713199,38595,6130
       Intangible Assets 
0
95,613
199,385
201,713
11,772
39,104
69,737
101,410
149,141
138,432
144,184
701,013
181,874
177,691
278,888
347,600
392,000
385,600
426,200
469,200
421,500
496,000
0
0496,000421,500469,200426,200385,600392,000347,600278,888177,691181,874701,013144,184138,432149,141101,41069,73739,10411,772201,713199,38595,6130
       Other Assets 
0
0
0
0
0
9,679
15,272
16,310
25,501
19,743
20,674
17,387
14,464
20,395
29,602
13,100
13,400
14,700
15,100
14,700
31,200
26,700
0
026,70031,20014,70015,10014,70013,40013,10029,60220,39514,46417,38720,67419,74325,50116,31015,2729,67900000
> Total Liabilities 
319,231
445,487
554,167
485,869
596,889
675,856
891,368
896,272
1,116,494
940,530
1,031,790
1,073,549
975,475
941,996
1,278,467
1,456,100
1,467,500
1,397,700
1,472,100
1,627,800
1,448,900
1,471,600
1,848,100
1,848,1001,471,6001,448,9001,627,8001,472,1001,397,7001,467,5001,456,1001,278,467941,996975,4751,073,5491,031,790940,5301,116,494896,272891,368675,856596,889485,869554,167445,487319,231
   > Total Current Liabilities 
171,942
245,473
309,413
279,196
317,484
347,503
482,977
472,369
472,415
411,178
518,381
563,724
605,011
639,917
643,829
692,700
761,200
757,400
798,100
834,800
861,400
946,100
996,200
996,200946,100861,400834,800798,100757,400761,200692,700643,829639,917605,011563,724518,381411,178472,415472,369482,977347,503317,484279,196309,413245,473171,942
       Short-term Debt 
0
0
0
0
54,284
65,223
60,611
164,003
107,826
162,280
179,252
221,345
276,765
320,958
262,187
205,500
292,800
198,000
180,200
231,100
264,700
234,200
0
0234,200264,700231,100180,200198,000292,800205,500262,187320,958276,765221,345179,252162,280107,826164,00360,61165,22354,2840000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
485,031
104,500
56,200
291,800
196,500
177,500
196,300
71,300
200,500
221,600
221,600200,50071,300196,300177,500196,500291,80056,200104,500485,0310000000000000
       Accounts payable 
41,258
47,110
59,216
63,770
70,789
103,656
189,853
190,303
181,400
160,450
223,011
211,258
206,929
205,538
229,505
218,000
242,200
291,700
311,300
306,300
282,800
450,300
470,100
470,100450,300282,800306,300311,300291,700242,200218,000229,505205,538206,929211,258223,011160,450181,400190,303189,853103,65670,78963,77059,21647,11041,258
       Other Current Liabilities 
36,612
72,375
309,413
279,196
192,411
178,624
232,513
308,366
364,589
88,448
116,118
131,121
121,317
113,421
152,137
269,200
226,200
267,700
306,600
297,400
313,900
261,600
212,600
212,600261,600313,900297,400306,600267,700226,200269,200152,137113,421121,317131,121116,11888,448364,589308,366232,513178,624192,411279,196309,41372,37536,612
   > Long-term Liabilities 
0
0
244,754
206,673
279,405
328,353
408,391
423,903
644,079
529,352
513,409
509,825
370,464
302,079
634,638
763,400
706,300
640,300
674,000
793,000
587,500
525,500
851,900
851,900525,500587,500793,000674,000640,300706,300763,400634,638302,079370,464509,825513,409529,352644,079423,903408,391328,353279,405206,673244,75400
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
557,700
461,200
414,100
459,500
581,900
0
0
0
000581,900459,500414,100461,200557,700000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
-54,284
-65,223
-60,611
-164,003
-107,826
-162,280
-179,252
-221,345
-276,765
-320,958
-262,187
-205,500
-275,400
-189,500
-170,900
-58,300
-105,600
-50,700
174,200
174,200-50,700-105,600-58,300-170,900-189,500-275,400-205,500-262,187-320,958-276,765-221,345-179,252-162,280-107,826-164,003-60,611-65,223-54,2840000
> Total Stockholder Equity
60,772
90,161
181,428
212,518
222,204
294,711
379,736
522,673
567,067
615,657
732,553
849,025
968,935
1,042,320
1,143,295
1,268,700
1,373,100
1,490,300
1,651,600
1,809,800
1,774,100
2,143,700
2,318,400
2,318,4002,143,7001,774,1001,809,8001,651,6001,490,3001,373,1001,268,7001,143,2951,042,320968,935849,025732,553615,657567,067522,673379,736294,711222,204212,518181,42890,16160,772
   Common Stock
1,117
24,871
29,072
23,739
24,214
24,408
24,559
25,510
25,838
26,515
26,671
27,021
27,357
27,645
27,645
27,600
27,600
27,600
27,600
27,600
27,600
27,600
0
027,60027,60027,60027,60027,60027,60027,60027,64527,64527,35727,02126,67126,51525,83825,51024,55924,40824,21423,73929,07224,8711,117
   Retained Earnings Total Equity00000000000000000000000
   Accumulated Other Comprehensive Income 000-1,667,700-1,615,400-1,528,500-1,534,700-1,492,900-1,395,751-1,179,744-1,143,9970-1,025,083-841,337000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
200,800
200,800
200,800
200,800
200,800
0
0
0
000200,800200,800200,800200,800200,800000000000000000
   Treasury Stock00000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
1,626,529
0
1,950,507
2,060,260
2,363,887
2,568,300
2,697,600
2,786,700
3,001,200
1,841,800
117,000
170,800
0
0170,800117,0001,841,8003,001,2002,786,7002,697,6002,568,3002,363,8872,060,2601,950,50701,626,5290000000000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.