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Ackermans & Van Haaren NV
Buy, Hold or Sell?

Should you buy, hold or sell Ackermans & Van Haaren NV?

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Let's analyse Ackermans & Van Haaren NV

Let's start. I'm going to help you getting a better view of Ackermans & Van Haaren 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 Ackermans & Van Haaren 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 Ackermans & Van Haaren NV is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Ackermans & Van Haaren NV. The closing price on 2023-02-08 was €160.10 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.
Ackermans & Van Haaren NV Daily Candlestick Chart
Ackermans & Van Haaren NV Daily Candlestick Chart
Summary









1. Valuation of Ackermans & Van Haaren NV




Current price per share

€160.10

2. Growth of Ackermans & Van Haaren NV




Is Ackermans & Van Haaren NV growing?

Current yearPrevious yearGrowGrow %
How rich?$5.6b$5.1b$485.8m8.7%

How much money is Ackermans & Van Haaren NV making?

Current yearPrevious yearGrowGrow %
Making money$436.5m$246.5m$189.9m43.5%
Net Profit Margin9.4%5.9%--

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

3. Financial Health of Ackermans & Van Haaren NV




Comparing to competitors in the Engineering & Construction industry




  Industry Rankings (Engineering & Construction)  


Richest
#27 / 700

Most Revenue
#34 / 700

Most Profit
#14 / 700


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less 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 operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable 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 able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of Ackermans & Van Haaren NV.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Ackermans & Van Haaren NV earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Ackermans & Van Haaren NV to the Engineering & Construction industry mean.
  • A Net Profit Margin of 9.4% means that €0.09 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ackermans & Van Haaren NV:

  • The MRQ is 9.4%. The company is making a profit. +1
  • The TTM is 9.4%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ9.4%TTM9.4%0.0%
TTM9.4%YOY5.9%+3.6%
TTM9.4%5Y7.7%+1.7%
5Y7.7%10Y15.1%-7.3%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ9.4%2.4%+7.0%
TTM9.4%2.0%+7.4%
YOY5.9%2.4%+3.5%
5Y7.7%2.0%+5.7%
10Y15.1%2.3%+12.8%
1.1.2. Return on Assets

Shows how efficient Ackermans & Van Haaren NV is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Ackermans & Van Haaren NV to the Engineering & Construction industry mean.
  • 2.4% Return on Assets means that Ackermans & Van Haaren NV generated €0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ackermans & Van Haaren NV:

  • The MRQ is 2.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.4%TTM2.4%0.0%
TTM2.4%YOY1.4%+0.9%
TTM2.4%5Y2.1%+0.2%
5Y2.1%10Y2.2%0.0%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4%0.6%+1.8%
TTM2.4%0.6%+1.8%
YOY1.4%0.6%+0.8%
5Y2.1%0.6%+1.5%
10Y2.2%0.7%+1.5%
1.1.3. Return on Equity

Shows how efficient Ackermans & Van Haaren NV is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Ackermans & Van Haaren NV to the Engineering & Construction industry mean.
  • 10.3% Return on Equity means Ackermans & Van Haaren NV generated €0.10 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ackermans & Van Haaren NV:

  • The MRQ is 10.3%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 10.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ10.3%TTM10.3%0.0%
TTM10.3%YOY6.5%+3.8%
TTM10.3%5Y9.5%+0.8%
5Y9.5%10Y9.7%-0.2%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ10.3%1.9%+8.4%
TTM10.3%1.8%+8.5%
YOY6.5%1.8%+4.7%
5Y9.5%1.8%+7.7%
10Y9.7%2.0%+7.7%

1.2. Operating Efficiency of Ackermans & Van Haaren NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ackermans & Van Haaren NV is operating .

  • Measures how much profit Ackermans & Van Haaren NV 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 Ackermans & Van Haaren NV to the Engineering & Construction industry mean.
  • An Operating Margin of 12.1% means the company generated €0.12  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ackermans & Van Haaren NV:

  • The MRQ is 12.1%. The company is operating less efficient.
  • The TTM is 12.1%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ12.1%TTM12.1%0.0%
TTM12.1%YOY8.1%+4.0%
TTM12.1%5Y10.1%+1.9%
5Y10.1%10Y17.2%-7.1%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ12.1%3.6%+8.5%
TTM12.1%2.6%+9.5%
YOY8.1%3.1%+5.0%
5Y10.1%3.1%+7.0%
10Y17.2%2.6%+14.6%
1.2.2. Operating Ratio

Measures how efficient Ackermans & Van Haaren NV is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Engineering & Construction industry mean).
  • An Operation Ratio of 0.92 means that the operating costs are €0.92 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Ackermans & Van Haaren NV:

  • The MRQ is 0.923. The company is less efficient in keeping operating costs low.
  • The TTM is 0.923. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.923TTM0.9230.000
TTM0.923YOY0.962-0.040
TTM0.9235Y0.930-0.008
5Y0.93010Y0.908+0.022
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9231.656-0.733
TTM0.9231.581-0.658
YOY0.9621.341-0.379
5Y0.9301.238-0.308
10Y0.9081.148-0.240

1.3. Liquidity of Ackermans & Van Haaren NV.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Ackermans & Van Haaren NV is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Engineering & Construction industry mean).
  • A Current Ratio of 0.63 means the company has €0.63 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Ackermans & Van Haaren NV:

  • The MRQ is 0.627. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.627. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.627TTM0.6270.000
TTM0.627YOY0.657-0.030
TTM0.6275Y0.628-0.001
5Y0.62810Y0.671-0.043
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6271.335-0.708
TTM0.6271.285-0.658
YOY0.6571.308-0.651
5Y0.6281.283-0.655
10Y0.6711.156-0.485
1.3.2. Quick Ratio

Measures if Ackermans & Van Haaren NV is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Ackermans & Van Haaren NV to the Engineering & Construction industry mean.
  • A Quick Ratio of 0.74 means the company can pay off €0.74 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ackermans & Van Haaren NV:

  • The MRQ is 0.744. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.744. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.744TTM0.7440.000
TTM0.744YOY0.793-0.050
TTM0.7445Y0.715+0.028
5Y0.71510Y0.730-0.015
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7440.896-0.152
TTM0.7440.867-0.123
YOY0.7930.903-0.110
5Y0.7150.842-0.127
10Y0.7300.815-0.085

1.4. Solvency of Ackermans & Van Haaren NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Ackermans & Van Haaren NV assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Ackermans & Van Haaren NV to Engineering & Construction industry mean.
  • A Debt to Asset Ratio of 0.70 means that Ackermans & Van Haaren NV assets are financed with 69.6% credit (debt) and the remaining percentage (100% - 69.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Ackermans & Van Haaren NV:

  • The MRQ is 0.696. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.696. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.696TTM0.6960.000
TTM0.696YOY0.705-0.009
TTM0.6965Y0.695+0.001
5Y0.69510Y0.688+0.007
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6960.619+0.077
TTM0.6960.607+0.089
YOY0.7050.603+0.102
5Y0.6950.597+0.098
10Y0.6880.589+0.099
1.4.2. Debt to Equity Ratio

Measures if Ackermans & Van Haaren NV is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Ackermans & Van Haaren NV to the Engineering & Construction industry mean.
  • A Debt to Equity ratio of 303.2% means that company has €3.03 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ackermans & Van Haaren NV:

  • The MRQ is 3.032. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.032. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.032TTM3.0320.000
TTM3.032YOY3.213-0.182
TTM3.0325Y3.105-0.073
5Y3.10510Y3.080+0.025
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ3.0321.613+1.419
TTM3.0321.555+1.477
YOY3.2131.533+1.680
5Y3.1051.536+1.569
10Y3.0801.580+1.500

2. Market Valuation of Ackermans & Van Haaren 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 Ackermans & Van Haaren NV generates.

  • Above 15 is considered overpriced but always compare Ackermans & Van Haaren NV to the Engineering & Construction industry mean.
  • A PE ratio of 13.76 means the investor is paying €13.76 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ackermans & Van Haaren NV:

  • The EOD is 13.058. Very good. +2
  • The MRQ is 13.760. Very good. +2
  • The TTM is 13.760. Very good. +2
Trends
Current periodCompared to+/- 
EOD13.058MRQ13.760-0.701
MRQ13.760TTM13.7600.000
TTM13.760YOY17.761-4.001
TTM13.7605Y14.871-1.112
5Y14.87110Y14.754+0.118
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
EOD13.05829.302-16.244
MRQ13.76030.235-16.475
TTM13.76035.876-22.116
YOY17.76137.495-19.734
5Y14.87138.335-23.464
10Y14.75434.462-19.708
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Ackermans & Van Haaren NV.

  • 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 Ackermans & Van Haaren NV:

  • The MRQ is 7.772. Seems overpriced? -1
  • The TTM is 7.772. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ7.772TTM7.7720.000
TTM7.772YOY30.485-22.713
TTM7.7725Y14.899-7.127
5Y14.89910Y15.147-0.249
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ7.7720.178+7.594
TTM7.7720.054+7.718
YOY30.4850.046+30.439
5Y14.8990.124+14.775
10Y15.1470.114+15.033

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

Measures if the stock price of Ackermans & Van Haaren NV is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Engineering & Construction industry mean).
  • A PB ratio of 1.07 means the investor is paying €1.07 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Ackermans & Van Haaren NV:

  • The EOD is 1.015. Good. +1
  • The MRQ is 1.069. Good. +1
  • The TTM is 1.069. Good. +1
Trends
Current periodCompared to+/- 
EOD1.015MRQ1.069-0.055
MRQ1.069TTM1.0690.000
TTM1.069YOY0.853+0.216
TTM1.0695Y1.014+0.055
5Y1.01410Y1.003+0.011
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
EOD1.0151.033-0.018
MRQ1.0691.072-0.003
TTM1.0691.203-0.134
YOY0.8531.133-0.280
5Y1.0141.126-0.112
10Y1.0030.944+0.059
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ackermans & Van Haaren 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--13.64813.6480%3.192+327%7.998+71%8.652+58%
Book Value Growth--1.0951.0950%1.021+7%1.060+3%1.085+1%
Book Value Per Share--157.773157.7730%144.126+9%140.012+13%121.216+30%
Book Value Per Share Growth--1.0951.0950%1.023+7%1.061+3%1.085+1%
Current Ratio--0.6270.6270%0.657-5%0.6280%0.671-7%
Debt To Asset Ratio--0.6960.6960%0.705-1%0.695+0%0.688+1%
Debt To Equity Ratio--3.0323.0320%3.213-6%3.105-2%3.080-2%
Dividend Per Share--2.3472.3470%2.315+1%2.241+5%1.997+18%
Dividend Per Share Growth--1.0141.0140%1.002+1%1.038-2%1.014+0%
Eps--12.26112.2610%6.925+77%9.776+25%8.453+45%
Eps Growth--1.7701.7700%0.583+204%1.205+47%1.156+53%
Free Cash Flow Per Share--13.94613.9460%10.563+32%5.308+163%5.767+142%
Free Cash Flow Per Share Growth--1.3201.3200%3.979-67%1.440-8%1.516-13%
Free Cash Flow To Equity Per Share--2.7792.7790%3.610-23%1.452+91%1.856+50%
Free Cash Flow To Equity Per Share Growth--0.7700.7700%0.421+83%1.304-41%1.058-27%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--427.157--------
Intrinsic Value_10Y_min--139.310--------
Intrinsic Value_1Y_max--20.213--------
Intrinsic Value_1Y_min--10.397--------
Intrinsic Value_3Y_max--77.948--------
Intrinsic Value_3Y_min--34.509--------
Intrinsic Value_5Y_max--156.442--------
Intrinsic Value_5Y_min--62.022--------
Net Profit Margin--0.0940.0940%0.059+61%0.077+22%0.151-37%
Operating Margin--0.1210.1210%0.081+49%0.101+19%0.172-30%
Operating Ratio--0.9230.9230%0.962-4%0.930-1%0.908+2%
Pb Ratio1.015-5%1.0691.0690%0.853+25%1.014+5%1.003+7%
Pe Ratio13.058-5%13.76013.7600%17.761-23%14.871-7%14.754-7%
Peg Ratio--7.7727.7720%30.485-75%14.899-48%15.147-49%
Price Per Share160.100-5%168.700168.7000%123.000+37%141.670+19%122.528+38%
Price To Total Gains Ratio10.009-5%10.54710.5470%22.333-53%15.347-31%14.115-25%
Profit Growth--1.7701.7700%0.582+204%1.204+47%1.140+55%
Quick Ratio--0.7440.7440%0.793-6%0.715+4%0.730+2%
Return On Assets--0.0240.0240%0.014+67%0.021+11%0.022+8%
Return On Equity--0.1030.1030%0.065+59%0.095+8%0.097+6%
Revenue Growth--1.1031.1030%0.914+21%1.037+6%1.730-36%
Total Gains Per Share--15.99515.9950%5.507+190%10.239+56%10.649+50%
Total Gains Per Share Growth--2.9042.9040%0.454+540%1.561+86%1.474+97%
Usd Book Value--5617157146.0005617157146.0000%5131267337.000+9%4989937785.800+13%4321339790.100+30%
Usd Book Value Change Per Share--14.64414.6440%3.426+327%8.582+71%9.283+58%
Usd Book Value Per Share--169.291169.2910%154.647+9%150.233+13%130.065+30%
Usd Dividend Per Share--2.5192.5190%2.484+1%2.404+5%2.143+18%
Usd Eps--13.15613.1560%7.431+77%10.490+25%9.070+45%
Usd Free Cash Flow--496506071.000496506071.0000%376071478.000+32%189001439.000+163%205575748.100+142%
Usd Free Cash Flow Per Share--14.96414.9640%11.334+32%5.695+163%6.188+142%
Usd Free Cash Flow To Equity Per Share--2.9822.9820%3.873-23%1.557+91%1.991+50%
Usd Price Per Share171.787-5%181.015181.0150%131.979+37%152.012+19%131.473+38%
Usd Profit--436511422.000436511422.0000%246565743.000+77%348440440.400+25%301350440.500+45%
Usd Revenue--4627178375.0004627178375.0000%4195698250.000+10%4492871394.200+3%3621085719.200+28%
Usd Total Gains Per Share--17.16317.1630%5.910+190%10.986+56%11.426+50%
 EOD+3 -2MRQTTM+0 -0YOY+34 -85Y+34 -810Y+31 -11

3.2. Fundamental Score

Let's check the fundamental score of Ackermans & Van Haaren NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.058
Price to Book Ratio (EOD)Between0-11.015
Net Profit Margin (MRQ)Greater than00.094
Operating Margin (MRQ)Greater than00.121
Quick Ratio (MRQ)Greater than10.744
Current Ratio (MRQ)Greater than10.627
Debt to Asset Ratio (MRQ)Less than10.696
Debt to Equity Ratio (MRQ)Less than13.032
Return on Equity (MRQ)Greater than0.150.103
Return on Assets (MRQ)Greater than0.050.024
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Ackermans & Van Haaren NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose159.000
Total0/1 (0.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2017-12-312018-12-312019-12-312020-12-312021-12-31
Minority Interest  1,223,064-41,5151,181,54944,1761,225,725-5,5941,220,131-1,325,377-105,246



Latest Balance Sheet

Balance Sheet of 2021-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets17,233,026
Total Liabilities11,998,024
Total Stockholder Equity3,957,228
 As reported
Total Liabilities 11,998,024
Total Stockholder Equity+ 3,957,228
Total Assets = 17,233,026

Assets

Total Assets17,233,026
Total Current Assets5,931,124
Long-term Assets5,931,124
Total Current Assets
Cash And Cash Equivalents 2,108,358
Short-term Investments 575,983
Net Receivables 3,773,374
Inventory 376,219
Total Current Assets  (as reported)5,931,124
Total Current Assets  (calculated)6,833,934
+/- 902,810
Long-term Assets
Property Plant Equipment 2,762,846
Goodwill 357,643
Intangible Assets 119,577
Long-term Assets Other 6,662,996
Long-term Assets  (as reported)11,301,905
Long-term Assets  (calculated)9,903,062
+/- 1,398,843

Liabilities & Shareholders' Equity

Total Current Liabilities9,460,111
Long-term Liabilities2,537,913
Total Stockholder Equity3,957,228
Total Current Liabilities
Short-term Debt 7,315,946
Short Long Term Debt 7,279,748
Accounts payable 1,145,112
Other Current Liabilities 889,857
Total Current Liabilities  (as reported)9,460,111
Total Current Liabilities  (calculated)16,630,663
+/- 7,170,552
Long-term Liabilities
Long term Debt 1,955,031
Capital Lease Obligations 185,712
Other Liabilities 1,078,030
Long-term Liabilities Other -1
Deferred Long Term Liability 78
Long-term Liabilities  (as reported)2,537,913
Long-term Liabilities  (calculated)3,218,850
+/- 680,937
Total Stockholder Equity
Common Stock2,295
Other Stockholders Equity 3,954,933
Total Stockholder Equity (as reported)3,957,228
Total Stockholder Equity (calculated)3,957,228
+/-0
Other
Capital Stock2,295
Cash and Short Term Investments 2,684,341
Common Stock Shares Outstanding 33,181
Liabilities and Stockholders Equity 15,955,252
Net Debt 7,312,133
Net Invested Capital 13,192,007
Net Tangible Assets 3,480,743
Net Working Capital -3,528,987
Short Long Term Debt Total 9,420,491



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
859,583
942,739
1,201,994
985,289
4,482,886
4,208,444
4,721,478
4,887,954
5,219,598
5,322,017
5,603,675
6,516,663
6,759,483
10,887,514
11,489,375
12,253,045
12,875,059
13,469,013
14,165,464
15,301,547
16,228,744
17,233,026
17,233,02616,228,74415,301,54714,165,46413,469,01312,875,05912,253,04511,489,37510,887,5146,759,4836,516,6635,603,6755,322,0175,219,5984,887,9544,721,4784,208,4444,482,886985,2891,201,994942,739859,583
   > Total Current Assets 
0
0
0
0
2,067,710
2,298,040
2,090,194
1,817,052
1,865,798
1,721,374
1,677,359
2,126,778
1,943,945
3,951,103
4,202,992
4,300,985
4,351,794
4,213,537
4,396,644
4,822,841
5,275,874
5,931,124
5,931,1245,275,8744,822,8414,396,6444,213,5374,351,7944,300,9854,202,9923,951,1031,943,9452,126,7781,677,3591,721,3741,865,7981,817,0522,090,1942,298,0402,067,7100000
       Cash And Cash Equivalents 
1,972
1,392
5,031
1,190
183,178
351,090
214,778
33,072
186,626
189,364
168,563
1,236,378
158,213
769,551
924,877
734,357
789,308
945,065
873,271
1,342,705
1,834,214
2,108,358
2,108,3581,834,2141,342,705873,271945,065789,308734,357924,877769,551158,2131,236,378168,563189,364186,62633,072214,778351,090183,1781,1905,0311,3921,972
       Short-term Investments 
122,296
98,043
154,740
100,889
653,576
689,393
835,801
613,169
530,924
576,519
480,803
643,864
531,097
665,262
634,727
636,083
621,408
467,882
494,420
476,513
546,322
575,983
575,983546,322476,513494,420467,882621,408636,083634,727665,262531,097643,864480,803576,519530,924613,169835,801689,393653,576100,889154,74098,043122,296
       Net Receivables 
15,698
46,646
28,502
28,345
66,823
1,201,326
954,564
945,146
978,255
907,548
983,142
1,148,023
1,188,419
2,322,751
2,423,084
1,149,540
2,582,826
2,753,516
2,988,645
2,958,058
3,442,492
3,773,374
3,773,3743,442,4922,958,0582,988,6452,753,5162,582,8261,149,5402,423,0842,322,7511,188,4191,148,023983,142907,548978,255945,146954,5641,201,32666,82328,34528,50246,64615,698
       Inventory 
0
0
0
0
22,213
35,207
34,625
31,825
21,553
21,375
21,944
19,206
19,452
137,466
126,270
98,981
114,535
316,576
279,823
423,275
382,449
376,219
376,219382,449423,275279,823316,576114,53598,981126,270137,46619,45219,20621,94421,37521,55331,82534,62535,20722,2130000
   > Long-term Assets 
0
0
0
0
2,415,176
1,910,404
2,631,284
3,070,902
3,353,800
3,600,643
3,926,316
4,389,885
4,815,539
6,936,411
7,286,383
7,952,062
8,523,262
9,255,476
9,768,821
10,478,704
10,952,870
11,301,905
11,301,90510,952,87010,478,7049,768,8219,255,4768,523,2627,952,0627,286,3836,936,4114,815,5394,389,8853,926,3163,600,6433,353,8003,070,9022,631,2841,910,4042,415,1760000
       Property Plant Equipment 
7,544
5,291
1,373
1,270
93,257
55,350
69,439
95,449
108,761
92,413
96,424
104,312
113,833
1,680,703
1,695,659
1,945,771
2,134,639
2,572,877
2,711,097
2,909,166
2,825,553
2,762,846
2,762,8462,825,5532,909,1662,711,0972,572,8772,134,6391,945,7711,695,6591,680,703113,833104,31296,42492,413108,76195,44969,43955,35093,2571,2701,3735,2917,544
       Goodwill 
14,912
14,552
22,180
18,531
547,675
119,431
119,977
120,834
140,675
140,367
141,168
142,139
147,296
445,455
329,066
345,484
357,890
372,249
362,648
359,171
354,622
357,643
357,643354,622359,171362,648372,249357,890345,484329,066445,455147,296142,139141,168140,367140,675120,834119,977119,431547,67518,53122,18014,55214,912
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
1,316,280
1,317,866
1,238,740
1,266,343
1,343,081
1,298,291
1,356,895
0
0
001,356,8951,298,2911,343,0811,266,3431,238,7401,317,8661,316,2800000000000000
       Intangible Assets 
14,928
14,552
22,180
18,533
-56,925
139
-760
8,231
7,965
2,564
144,547
6,606
7,164
24,948
109,381
145,410
151,481
156,841
153,891
99,281
119,076
119,577
119,577119,07699,281153,891156,841151,481145,410109,38124,9487,1646,606144,5472,5647,9658,231-760139-56,92518,53322,18014,55214,928
       Other Assets 
0
0
0
0
0
1,123,978
1,639,424
1,877,422
2,032,933
2,207,595
2,379,215
2,730,238
3,018,574
3,563,834
3,806,982
157,086
17,046,527
4,812,275
5,244,032
2
6,066,528
6,238,025
6,238,0256,066,52825,244,0324,812,27517,046,527157,0863,806,9823,563,8343,018,5742,730,2382,379,2152,207,5952,032,9331,877,4221,639,4241,123,97800000
> Total Liabilities 
249,646
271,929
344,216
240,660
3,355,136
2,904,571
2,918,226
2,473,157
2,884,527
3,301,144
3,450,300
4,151,669
4,247,010
7,610,152
7,990,006
8,437,433
8,958,711
9,273,741
9,807,468
10,619,713
11,446,575
11,998,024
11,998,02411,446,57510,619,7139,807,4689,273,7418,958,7118,437,4337,990,0067,610,1524,247,0104,151,6693,450,3003,301,1442,884,5272,473,1572,918,2262,904,5713,355,136240,660344,216271,929249,646
   > Total Current Liabilities 
218,821
235,636
211,606
122,031
2,352,719
1,922,547
2,106,649
2,287,057
2,671,309
2,554,096
2,815,200
3,203,448
3,142,376
5,338,012
5,388,459
5,820,234
6,283,336
6,796,454
7,372,253
7,519,618
8,031,791
9,460,111
9,460,1118,031,7917,519,6187,372,2536,796,4546,283,3365,820,2345,388,4595,338,0123,142,3763,203,4482,815,2002,554,0962,671,3092,287,0572,106,6491,922,5472,352,719122,031211,606235,636218,821
       Short-term Debt 
0
0
0
0
1,854,271
1,737,457
1,950,576
75,552
78,450
23,891
2,508,227
2,830,165
2,997,738
3,719,458
3,520,590
3,833,968
4,287,902
4,690,649
5,224,750
5,572,026
6,068,157
7,315,946
7,315,9466,068,1575,572,0265,224,7504,690,6494,287,9023,833,9683,520,5903,719,4582,997,7382,830,1652,508,22723,89178,45075,5521,950,5761,737,4571,854,2710000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
1,985,789
595,663
591,058
4,026,881
4,454,974
5,047,102
5,288,859
5,719,037
7,279,748
7,279,7485,719,0375,288,8595,047,1024,454,9744,026,881591,058595,6631,985,7890000000000000
       Accounts payable 
497
490
2,697
1,964
74,657
49,446
77,698
51,681
44,234
53,378
38,872
69,229
48,995
1,052,723
1,181,419
1,281,046
1,270,310
1,352,745
1,487,232
1,305,836
1,092,826
1,145,112
1,145,1121,092,8261,305,8361,487,2321,352,7451,270,3101,281,0461,181,4191,052,72348,99569,22938,87253,37844,23451,68177,69849,44674,6571,9642,697490497
       Other Current Liabilities 
19,787
43,838
31,623
24,667
423,791
135,644
78,375
2,211,505
2,592,859
2,476,827
268,101
304,054
95,643
565,831
686,450
705,220
725,124
753,060
604,059
582,315
775,913
889,857
889,857775,913582,315604,059753,060725,124705,220686,450565,83195,643304,054268,1012,476,8272,592,8592,211,50578,375135,644423,79124,66731,62343,83819,787
   > Long-term Liabilities 
0
0
0
0
1,002,417
982,024
811,577
186,100
213,218
747,048
635,100
948,221
1,104,634
2,272,140
2,601,547
2,617,199
2,675,375
2,477,287
2,435,215
3,100,095
3,414,784
2,537,913
2,537,9133,414,7843,100,0952,435,2152,477,2872,675,3752,617,1992,601,5472,272,1401,104,634948,221635,100747,048213,218186,100811,577982,0241,002,4170000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,119,048
2,117,983
2,043,345
2,008,533
2,685,568
0
0
002,685,5682,008,5332,043,3452,117,9832,119,048000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-2
-1
2
-1
-1
-1
-1-1-12-1-20000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
1,045
2,697
6
5
861
710
319
41
78
7841319710861562,6971,0450000000000000
> Total Stockholder Equity
495,280
562,649
562,970
599,051
814,838
1,118,180
1,423,664
1,580,059
1,517,147
2,020,873
1,711,349
1,882,630
2,007,154
2,251,539
2,402,197
2,607,339
2,783,083
2,972,208
3,176,447
3,456,109
3,562,038
3,957,228
3,957,2283,562,0383,456,1093,176,4472,972,2082,783,0832,607,3392,402,1972,251,5392,007,1541,882,6301,711,3492,020,8731,517,1471,580,0591,423,6641,118,180814,838599,051562,970562,649495,280
   Common Stock
2,295
2,295
2,295
2,295
2,295
2,295
2,295
2,295
2,295
113,907
2,295
2,295
2,295
2,295
2,295
2,295
2,295
2,295
2,295
2,295
2,295
2,295
2,2952,2952,2952,2952,2952,2952,2952,2952,2952,2952,2952,295113,9072,2952,2952,2952,2952,2952,2952,2952,2952,295
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
111,612
111,612
111,612
111,612
111,612
0
0
00111,612111,612111,612111,612111,612000000000000000
   Treasury Stock00-32,648-28,111-29,828-24,830-24,392-22,029-18,692-16,655-17,375-18,315-17,316-14,138-12,710-10,762-2,40300000
   Other Stockholders Equity 
0
0
0
0
812,543
1,115,885
1,421,369
1,577,764
1,514,852
1,906,966
1,709,054
1,880,335
2,004,859
2,249,244
2,399,902
2,605,044
2,780,788
2,969,913
3,174,152
3,453,814
3,559,743
3,954,933
3,954,9333,559,7433,453,8143,174,1522,969,9132,780,7882,605,0442,399,9022,249,2442,004,8591,880,3351,709,0541,906,9661,514,8521,577,7641,421,3691,115,885812,5430000



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.