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Aperam SA










Financial Health of Aperam




Comparing to competitors in the Steel industry




  Industry Rankings  


Aperam SA
Buy, Hold or Sell?

Should you buy, hold or sell Aperam?

I guess you are interested in Aperam SA. 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 Aperam

Let's start. I'm going to help you getting a better view of Aperam SA. 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 Aperam SA 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 Aperam SA is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Aperam SA. The closing price on 2022-12-02 was €29.81 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.
Aperam SA Daily Candlestick Chart

Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge 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 very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is 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 Aperam SA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Aperam to the Steel industry mean.
  • A Net Profit Margin of 0.0% means that €0.00 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Aperam SA:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM13.1%-13.1%
TTM13.1%YOY13.4%-0.3%
TTM13.1%5Y8.0%+5.1%
5Y8.0%10Y5.5%+2.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.3%-5.3%
TTM13.1%6.0%+7.1%
YOY13.4%4.9%+8.5%
5Y8.0%3.5%+4.5%
10Y5.5%3.0%+2.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Aperam to the Steel industry mean.
  • 1.8% Return on Assets means that Aperam generated €0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Aperam SA:

  • The MRQ is 1.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.8%TTM4.3%-2.6%
TTM4.3%YOY4.1%+0.2%
TTM4.3%5Y2.6%+1.7%
5Y2.6%10Y1.7%+0.9%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8%1.5%+0.3%
TTM4.3%1.8%+2.5%
YOY4.1%1.4%+2.7%
5Y2.6%1.1%+1.5%
10Y1.7%0.9%+0.8%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Aperam to the Steel industry mean.
  • 3.6% Return on Equity means Aperam generated €0.04 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Aperam SA:

  • The MRQ is 3.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 8.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.6%TTM8.5%-4.9%
TTM8.5%YOY6.6%+1.8%
TTM8.5%5Y4.5%+4.0%
5Y4.5%10Y2.9%+1.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ3.6%3.1%+0.5%
TTM8.5%3.6%+4.9%
YOY6.6%3.1%+3.5%
5Y4.5%2.3%+2.2%
10Y2.9%1.9%+1.0%

1.2. Operating Efficiency of Aperam SA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Aperam is operating .

  • Measures how much profit Aperam 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 Aperam to the Steel 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 Aperam SA:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM12.4%-12.4%
TTM12.4%YOY15.6%-3.3%
TTM12.4%5Y9.1%+3.3%
5Y9.1%10Y5.2%+3.8%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.7%-6.7%
TTM12.4%6.8%+5.6%
YOY15.6%6.8%+8.8%
5Y9.1%5.1%+4.0%
10Y5.2%3.5%+1.7%
1.2.2. Operating Ratio

Measures how efficient Aperam is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are €0.00 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Aperam SA:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.418-0.418
TTM0.418YOY-+0.418
TTM0.4185Y0.876-0.458
5Y0.87610Y0.925-0.049
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.701-1.701
TTM0.4181.659-1.241
YOY-1.632-1.632
5Y0.8761.547-0.671
10Y0.9251.296-0.371

1.3. Liquidity of Aperam SA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 3.66 means the company has €3.66 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Aperam SA:

  • The MRQ is 3.656. The company is very able to pay all its short-term debts. +2
  • The TTM is 2.559. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ3.656TTM2.559+1.097
TTM2.559YOY2.579-0.019
TTM2.5595Y2.241+0.318
5Y2.24110Y1.284+0.956
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ3.6561.669+1.987
TTM2.5591.499+1.060
YOY2.5791.414+1.165
5Y2.2411.370+0.871
10Y1.2841.133+0.151
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Aperam to the Steel industry mean.
  • A Quick Ratio of 0.00 means the company can pay off €0.00 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Aperam SA:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.684-0.684
TTM0.684YOY1.251-0.566
TTM0.6845Y0.761-0.077
5Y0.76110Y0.440+0.321
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.611-0.611
TTM0.6840.544+0.140
YOY1.2510.566+0.685
5Y0.7610.520+0.241
10Y0.4400.483-0.043

1.4. Solvency of Aperam SA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Aperam to Steel industry mean.
  • A Debt to Asset Ratio of 0.51 means that Aperam assets are financed with 51.4% credit (debt) and the remaining percentage (100% - 51.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Aperam SA:

  • The MRQ is 0.514. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.483. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.514TTM0.483+0.031
TTM0.483YOY0.381+0.102
TTM0.4835Y0.392+0.091
5Y0.39210Y0.404-0.012
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5140.501+0.013
TTM0.4830.487-0.004
YOY0.3810.501-0.120
5Y0.3920.508-0.116
10Y0.4040.509-0.105
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Aperam to the Steel industry mean.
  • A Debt to Equity ratio of 105.9% means that company has €1.06 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Aperam SA:

  • The MRQ is 1.059. The company is able to pay all its debts with equity. +1
  • The TTM is 0.950. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ1.059TTM0.950+0.109
TTM0.950YOY0.635+0.315
TTM0.9505Y0.674+0.276
5Y0.67410Y0.703-0.029
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0590.999+0.060
TTM0.9500.965-0.015
YOY0.6351.057-0.422
5Y0.6741.087-0.413
10Y0.7031.204-0.501

2. Market Valuation of Aperam SA

2. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Aperam to the Steel industry mean.
  • A PE ratio of 15.27 means the investor is paying €15.27 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Aperam SA:

  • The EOD is 18.646. Very good. +2
  • The MRQ is 15.268. Very good. +2
  • The TTM is 11.586. Very good. +2
Trends
Current periodCompared to+/- 
EOD18.646MRQ15.268+3.378
MRQ15.268TTM11.586+3.682
TTM11.586YOY22.056-10.471
TTM11.5865Y40.588-29.002
5Y40.58810Y44.433-3.845
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD18.64620.013-1.367
MRQ15.26820.429-5.161
TTM11.58623.306-11.720
YOY22.05622.581-0.525
5Y40.58826.674+13.914
10Y44.43321.870+22.563
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Aperam.

  • 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 Aperam SA:

  • The MRQ is -9.426. Very Bad. -2
  • The TTM is 2.226. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ-9.426TTM2.226-11.652
TTM2.226YOY-69.028+71.254
TTM2.2265Y-35.291+37.517
5Y-35.29110Y128.198-163.489
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-9.4260.120-9.546
TTM2.2260.032+2.194
YOY-69.0280.138-69.166
5Y-35.2910.075-35.366
10Y128.1980.084+128.114

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

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

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 0.55 means the investor is paying €0.55 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Aperam SA:

  • The EOD is 0.674. Very good. +2
  • The MRQ is 0.552. Very good. +2
  • The TTM is 0.845. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.674MRQ0.552+0.122
MRQ0.552TTM0.845-0.292
TTM0.845YOY1.379-0.534
TTM0.8455Y1.073-0.228
5Y1.07310Y0.983+0.090
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD0.6740.862-0.188
MRQ0.5520.913-0.361
TTM0.8451.090-0.245
YOY1.3791.019+0.360
5Y1.0730.890+0.183
10Y0.9830.677+0.306
2. Total Gains per Share

2.4. Latest News of Aperam SA

Does Aperam SA 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 Aperam SA to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2022-11-13
07:43
Results: Aperam S.A. Beat Earnings Expectations And Analysts Now Have New ForecastsRead
2022-11-12
07:41
Aperam Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues LagRead
2022-11-10
05:27
Here's What We Like About Aperam's (AMS:APAM) Upcoming DividendRead
2022-11-06
09:33
Returns On Capital Are A Standout For Aperam (AMS:APAM)Read

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Aperam SA 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---3.062-100%1.472-100%0.560-100%0.096-100%
Book Value Growth---0.0530.020-365%-0.008-85%-0.045-16%-0.0530%
Book Value Per Share--44.21041.944+5%29.563+50%31.201+42%32.194+37%
Book Value Per Share Growth---0.076-100%0.049-100%0.011-100%-0.0020%
Current Ratio--3.6562.559+43%2.579+42%2.241+63%1.284+185%
Debt To Asset Ratio--0.5140.483+6%0.381+35%0.392+31%0.404+27%
Debt To Equity Ratio--1.0590.950+11%0.635+67%0.674+57%0.703+51%
Dividend Per Share--0.4890.486+1%0.441+11%0.550-11%0.417+17%
Dividend Per Share Growth---0.0270.018-254%0.007-512%-0.273+911%-0.179+563%
Eps--1.5993.470-54%1.991-20%1.457+10%0.944+69%
Eps Growth---1.620-0.486-70%0.328-593%-0.148-91%-0.060-96%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.875+14%
Net Profit Margin---0.131-100%0.134-100%0.080-100%0.055-100%
Operating Margin---0.124-100%0.156-100%0.091-100%0.052-100%
Operating Ratio---0.418-100%-0%0.876-100%0.925-100%
Pb Ratio0.674+18%0.5520.845-35%1.379-60%1.073-49%0.983-44%
Pe Ratio18.646+18%15.26811.586+32%22.056-31%40.588-62%44.433-66%
Peg Ratio---9.4262.226-523%-69.028+632%-35.291+274%128.198-107%
Price Per Share29.810+18%24.41034.690-30%40.913-40%32.636-25%30.279-19%
Price To Total Gains Ratio60.977+18%49.93118.857+165%24.615+103%14.616+242%-11.474+123%
Profit Growth---175.895-58.252-67%28.584-715%-27.486-84%-15.285-91%
Quick Ratio---0.684-100%1.251-100%0.761-100%0.440-100%
Return On Assets--0.0180.043-59%0.041-57%0.026-32%0.017+2%
Return On Equity--0.0360.085-57%0.066-45%0.045-19%0.029+23%
Total Gains Per Share--0.4893.547-86%1.913-74%1.110-56%0.513-5%
Total Gains Per Share Growth---5.676-1.444-75%-0.012-100%0.498-1239%2.038-379%
Usd Book Value--3523672600.0003365181050.000+5%2470309325.000+43%2692475513.400+31%2696244832.106+31%
Usd Book Value Change Per Share---3.224-100%1.550-100%0.590-100%0.101-100%
Usd Book Value Per Share--46.55844.171+5%31.133+50%32.858+42%33.903+37%
Usd Dividend Per Share--0.5150.511+1%0.464+11%0.579-11%0.439+17%
Usd Eps--1.6843.654-54%2.097-20%1.534+10%0.994+69%
Usd Price Per Share31.393+18%25.70636.532-30%43.085-40%34.369-25%31.887-19%
Usd Profit--127425100.000279861325.000-54%166126525.000-23%126788058.748+1%81419457.648+57%
Usd Revenue---1610716450.000-100%1216857050.000-100%1411223967.964-100%1321251611.232-100%
Usd Total Gains Per Share--0.5153.736-86%2.014-74%1.169-56%0.540-5%
 EOD+2 -3MRQTTM+11 -23YOY+10 -235Y+13 -2110Y+19 -15

3.2. Fundamental Score

Let's check the fundamental score of Aperam SA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1518.646
Price to Book Ratio (EOD)Between0-10.674
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than13.656
Debt to Asset Ratio (MRQ)Less than10.514
Debt to Equity Ratio (MRQ)Less than11.059
Return on Equity (MRQ)Greater than0.150.036
Return on Assets (MRQ)Greater than0.050.018
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Aperam SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5065.963
Ma 20Greater thanMa 5028.964
Ma 50Greater thanMa 10026.778
Ma 100Greater thanMa 20027.160
OpenGreater thanClose29.900
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in EUR. All numbers in thousands.

Summary
 As reported
Total Liabilities -
Total Stockholder Equity+ -
Total Assets = -

Assets

Total Assets-
Total Current Assets2,709,000
Long-term Assets2,709,000
Total Current Assets
Inventory 2,090,000
Total Current Assets  (as reported)2,709,000
Total Current Assets  (calculated)2,090,000
+/- 619,000
Long-term Assets
Property Plant Equipment 1,806,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)1,806,000
+/- 1,806,000

Liabilities & Shareholders' Equity

Total Current Liabilities741,000
Long-term Liabilities-
Total Stockholder Equity-
Total Current Liabilities
Total Current Liabilities  (as reported)741,000
Total Current Liabilities  (calculated)0
+/- 741,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Total Stockholder Equity (as reported)0
Total Stockholder Equity (calculated)0
+/-0
Other
Net Tangible Assets 2,953,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-06-302010-03-312009-12-312009-09-302009-03-312008-12-312007-12-31
> Total Assets 
9,550,000
7,340,000
0
7,133,000
7,133,000
0
7,055,000
7,335,000
6,108,000
7,616,000
5,816,000
6,201,000
5,379,000
6,075,000
5,159,000
5,909,000
4,922,000
5,884,000
4,884,000
5,627,000
4,765,000
5,932,000
4,627,000
5,199,000
3,855,000
4,738,000
3,438,000
4,299,000
3,586,000
4,484,000
3,747,000
4,675,000
3,876,000
4,972,000
4,118,000
5,236,000
3,496,000
4,361,000
3,352,000
4,323,000
3,590,000
4,209,000
3,538,000
4,259,000
3,223,000
3,756,000
3,120,000
3,969,000
3,305,000
4,457,000
3,585,000
5,911,000
5,261,000
6,882,000
0
06,882,0005,261,0005,911,0003,585,0004,457,0003,305,0003,969,0003,120,0003,756,0003,223,0004,259,0003,538,0004,209,0003,590,0004,323,0003,352,0004,361,0003,496,0005,236,0004,118,0004,972,0003,876,0004,675,0003,747,0004,484,0003,586,0004,299,0003,438,0004,738,0003,855,0005,199,0004,627,0005,932,0004,765,0005,627,0004,884,0005,884,0004,922,0005,909,0005,159,0006,075,0005,379,0006,201,0005,816,0007,616,0006,108,0007,335,0007,055,00007,133,0007,133,00007,340,0009,550,000
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,065,000
2,131,000
1,174,000
2,264,000
1,061,000
2,036,000
1,003,000
1,960,000
1,201,000
1,843,000
1,197,000
1,914,000
1,023,000
1,614,000
1,021,000
1,839,000
1,213,000
2,317,000
1,492,000
3,506,000
2,777,000
4,431,000
2,709,000
2,709,0004,431,0002,777,0003,506,0001,492,0002,317,0001,213,0001,839,0001,021,0001,614,0001,023,0001,914,0001,197,0001,843,0001,201,0001,960,0001,003,0002,036,0001,061,0002,264,0001,174,0002,131,0001,065,00000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
263,000
225,000
245,000
367,000
274,000
217,000
169,000
199,000
342,000
189,000
357,000
375,000
297,000
263,000
335,000
358,000
367,000
417,000
359,000
524,000
450,000
485,000
0
0485,000450,000524,000359,000417,000367,000358,000335,000263,000297,000375,000357,000189,000342,000199,000169,000217,000274,000367,000245,000225,000263,00000000000000000000000000000000000
       Net Receivables 
1,874,000
1,214,000
0
821,000
821,000
0
1,188,000
1,061,000
0
680,000
0
403,000
0
466,000
0
344,000
0
464,000
0
297,000
0
431,000
0
343,000
0
388,000
0
260,000
0
330,000
0
243,000
0
376,000
0
334,000
0
382,000
0
280,000
0
280,000
742,000
233,000
641,000
229,000
608,000
231,000
737,000
411,000
1,032,000
561,000
2,049,000
809,000
0
0809,0002,049,000561,0001,032,000411,000737,000231,000608,000229,000641,000233,000742,000280,0000280,0000382,0000334,0000376,0000243,0000330,0000260,0000388,0000343,0000431,0000297,0000464,0000344,0000466,0000403,0000680,00001,061,0001,188,0000821,000821,00001,214,0001,874,000
       Other Current Assets 
93,000
72,000
0
82,000
82,000
0
86,000
170,000
181,000
194,000
168,000
133,000
140,000
55,000
146,000
120,000
169,000
104,000
161,000
116,000
158,000
175,000
146,000
123,000
120,000
98,000
110,000
128,000
90,000
74,000
104,000
108,000
120,000
81,000
114,000
88,000
81,000
67,000
81,000
61,000
342,000
18,000
0
70,000
0
64,000
0
142,000
0
78,000
0
80,000
0
283,000
0
0283,000080,000078,0000142,000064,000070,000018,000342,00061,00081,00067,00081,00088,000114,00081,000120,000108,000104,00074,00090,000128,000110,00098,000120,000123,000146,000175,000158,000116,000161,000104,000169,000120,000146,00055,000140,000133,000168,000194,000181,000170,00086,000082,00082,000072,00093,000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,389,000
2,366,000
2,341,000
2,345,000
2,200,000
2,142,000
2,099,000
2,130,000
2,092,000
2,140,000
2,093,000
2,405,000
2,484,000
2,451,000
0
02,451,0002,484,0002,405,0002,093,0002,140,0002,092,0002,130,0002,099,0002,142,0002,200,0002,345,0002,341,0002,366,0002,389,0000000000000000000000000000000000000000000
       Property Plant Equipment 
3,610,000
3,106,000
0
3,193,000
3,193,000
0
2,774,000
2,917,000
3,020,000
3,054,000
2,885,000
2,659,000
2,873,000
2,481,000
2,621,000
2,474,000
2,539,000
2,311,000
2,438,000
2,269,000
2,364,000
2,228,000
2,130,000
1,929,000
1,737,000
1,698,000
1,653,000
1,581,000
1,729,000
1,676,000
1,732,000
1,643,000
1,706,000
1,709,000
1,814,000
1,840,000
1,553,000
1,473,000
1,518,000
1,555,000
1,605,000
1,598,000
1,593,000
1,602,000
1,555,000
1,490,000
1,502,000
1,492,000
1,503,000
1,503,000
1,512,000
1,695,000
1,775,000
1,750,000
1,806,000
1,806,0001,750,0001,775,0001,695,0001,512,0001,503,0001,503,0001,492,0001,502,0001,490,0001,555,0001,602,0001,593,0001,598,0001,605,0001,555,0001,518,0001,473,0001,553,0001,840,0001,814,0001,709,0001,706,0001,643,0001,732,0001,676,0001,729,0001,581,0001,653,0001,698,0001,737,0001,929,0002,130,0002,228,0002,364,0002,269,0002,438,0002,311,0002,539,0002,474,0002,621,0002,481,0002,873,0002,659,0002,885,0003,054,0003,020,0002,917,0002,774,00003,193,0003,193,00003,106,0003,610,000
       Goodwill 
862,000
770,000
0
852,000
852,000
0
0
825,000
0
0
0
766,000
0
0
0
744,000
0
0
0
719,000
0
0
0
634,000
0
0
0
512,000
0
0
0
533,000
0
0
0
574,000
0
0
0
460,000
0
0
0
457,000
0
0
0
413,000
0
0
0
414,000
0
0
0
000414,000000413,000000457,000000460,000000574,000000533,000000512,000000634,000000719,000000744,000000766,000000825,00000852,000852,0000770,000862,000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
530,000
37,000
521,000
39,000
379,000
31,000
351,000
32,000
33,000
34,000
29,000
4,000
0
0
0
0
0
0
0
0
0
0
0
000000000004,00029,00034,00033,00032,000351,00031,000379,00039,000521,00037,000530,00000000000000000000000000000000000
       Intangible Assets 
1,121,000
973,000
0
1,045,000
1,045,000
0
924,000
989,000
1,035,000
1,062,000
940,000
904,000
924,000
850,000
854,000
859,000
845,000
813,000
820,000
808,000
813,000
812,000
737,000
696,000
599,000
619,000
565,000
556,000
587,000
596,000
592,000
565,000
575,000
589,000
609,000
610,000
503,000
486,000
480,000
30,000
494,000
491,000
483,000
479,000
0
435,000
0
16,000
0
0
0
25,000
0
0
0
00025,00000016,0000435,0000479,000483,000491,000494,00030,000480,000486,000503,000610,000609,000589,000575,000565,000592,000596,000587,000556,000565,000619,000599,000696,000737,000812,000813,000808,000820,000813,000845,000859,000854,000850,000924,000904,000940,0001,062,0001,035,000989,000924,00001,045,0001,045,0000973,0001,121,000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
97,000
81,000
81,000
2,345,000
70,000
58,000
51,000
0
78,000
66,000
62,000
0
112,000
112,000
0
0112,000112,000062,00066,00078,000051,00058,00070,0002,345,00081,00081,00097,0000000000000000000000000000000000000000000
> Total Liabilities 
4,030,000
4,061,000
0
3,544,000
3,544,000
0
3,666,000
3,681,000
2,109,000
3,449,000
2,236,000
2,758,000
1,834,000
2,899,000
1,941,000
2,719,000
1,844,000
2,949,000
1,867,000
2,669,000
1,739,000
2,783,000
1,776,000
2,523,000
1,579,000
2,289,000
1,213,000
2,077,000
1,175,000
2,018,000
1,220,000
2,190,000
1,289,000
2,375,000
1,244,000
2,186,000
921,000
1,954,000
919,000
1,804,000
1,058,000
1,826,000
1,144,000
1,845,000
994,000
1,655,000
1,034,000
1,765,000
1,059,000
2,014,000
1,095,000
2,958,000
2,124,000
3,536,000
0
03,536,0002,124,0002,958,0001,095,0002,014,0001,059,0001,765,0001,034,0001,655,000994,0001,845,0001,144,0001,826,0001,058,0001,804,000919,0001,954,000921,0002,186,0001,244,0002,375,0001,289,0002,190,0001,220,0002,018,0001,175,0002,077,0001,213,0002,289,0001,579,0002,523,0001,776,0002,783,0001,739,0002,669,0001,867,0002,949,0001,844,0002,719,0001,941,0002,899,0001,834,0002,758,0002,236,0003,449,0002,109,0003,681,0003,666,00003,544,0003,544,00004,061,0004,030,000
   > Total Current Liabilities 
2,408,000
2,253,000
0
1,643,000
1,643,000
0
2,269,000
2,318,000
1,031,000
2,427,000
1,198,000
1,738,000
818,000
1,928,000
987,000
1,718,000
821,000
1,920,000
680,000
1,476,000
537,000
1,625,000
614,000
1,361,000
673,000
1,365,000
360,000
1,194,000
275,000
1,120,000
463,000
1,422,000
489,000
1,562,000
389,000
1,377,000
501,000
1,558,000
517,000
1,276,000
539,000
1,316,000
449,000
1,148,000
314,000
973,000
359,000
1,084,000
378,000
1,322,000
408,000
1,853,000
977,000
2,399,000
741,000
741,0002,399,000977,0001,853,000408,0001,322,000378,0001,084,000359,000973,000314,0001,148,000449,0001,316,000539,0001,276,000517,0001,558,000501,0001,377,000389,0001,562,000489,0001,422,000463,0001,120,000275,0001,194,000360,0001,365,000673,0001,361,000614,0001,625,000537,0001,476,000680,0001,920,000821,0001,718,000987,0001,928,000818,0001,738,0001,198,0002,427,0001,031,0002,318,0002,269,00001,643,0001,643,00002,253,0002,408,000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
483,000
460,000
361,000
292,000
242,000
229,000
0
63,000
0
158,000
0
70,000
0
3,000
0
0
0
0
0
0
0
0
0
0000000003,000070,0000158,000063,0000229,000242,000292,000361,000460,000483,00000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
483,000
460,000
361,000
292,000
242,000
229,000
0
63,000
0
182,000
0
76,000
40,000
9,000
77,000
44,000
47,000
31,000
0
258,000
0
280,000
0
0280,0000258,000031,00047,00044,00077,0009,00040,00076,0000182,000063,0000229,000242,000292,000361,000460,000483,00000000000000000000000000000000000
       Accounts payable 
1,257,000
721,000
0
608,000
608,000
0
975,000
942,000
0
1,170,000
0
846,000
0
1,049,000
0
950,000
0
1,137,000
0
934,000
0
1,150,000
0
979,000
0
1,002,000
0
849,000
0
820,000
0
947,000
0
1,069,000
0
1,076,000
0
1,028,000
0
940,000
0
823,000
0
800,000
0
608,000
0
714,000
0
899,000
0
1,200,000
0
1,539,000
0
01,539,00001,200,0000899,0000714,0000608,0000800,0000823,0000940,00001,028,00001,076,00001,069,0000947,0000820,0000849,00001,002,0000979,00001,150,0000934,00001,137,0000950,00001,049,0000846,00001,170,0000942,000975,0000608,000608,0000721,0001,257,000
       Other Current Liabilities 
652,000
658,000
0
529,000
529,000
0
392,000
476,000
502,000
474,000
452,000
354,000
375,000
340,000
331,000
333,000
308,000
315,000
335,000
333,000
319,000
355,000
320,000
342,000
332,000
283,000
318,000
331,000
261,000
286,000
261,000
271,000
284,000
314,000
312,000
295,000
261,000
24,000
290,000
122,000
0
30,000
0
117,000
0
44,000
0
157,000
0
72,000
0
173,000
0
158,000
0
0158,0000173,000072,0000157,000044,0000117,000030,0000122,000290,00024,000261,000295,000312,000314,000284,000271,000261,000286,000261,000331,000318,000283,000332,000342,000320,000355,000319,000333,000335,000315,000308,000333,000331,000340,000375,000354,000452,000474,000502,000476,000392,0000529,000529,0000658,000652,000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
519,000
506,000
695,000
693,000
680,000
678,000
675,000
681,000
681,000
692,000
687,000
1,105,000
1,147,000
1,137,000
0
01,137,0001,147,0001,105,000687,000692,000681,000681,000675,000678,000680,000693,000695,000506,000519,0000000000000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
175,000
0
365,000
0
368,000
0
0
0
0
0
0
0
0
0
000000000368,0000365,0000175,00000000000000000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-483,000
-460,000
-361,000
-292,000
-242,000
-229,000
0
-63,000
0
-150,000
0
-30,000
0
6,000
0
53,000
0
53,000
0
100,000
0
97,000
0
097,0000100,000053,000053,00006,0000-30,0000-150,0000-63,0000-229,000-242,000-292,000-361,000-460,000-483,00000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
213,000
159,000
199,000
155,000
191,000
153,000
186,000
155,000
193,000
155,000
192,000
194,000
260,000
159,000
0
0159,000260,000194,000192,000155,000193,000155,000186,000153,000191,000155,000199,000159,000213,0000000000000000000000000000000000000000000
> Total Stockholder Equity
4,601,000
3,267,000
3,279,000
3,583,000
3,583,000
3,589,000
3,385,000
3,649,000
3,993,000
4,161,000
3,576,000
3,437,000
3,539,000
3,170,000
3,214,000
3,186,000
3,074,000
2,931,000
3,012,000
2,953,000
3,021,000
3,144,000
2,847,000
2,672,000
2,272,000
2,445,000
2,220,000
2,217,000
2,406,000
2,461,000
2,522,000
2,481,000
2,582,000
2,593,000
2,870,000
3,046,000
2,571,000
2,403,000
2,429,000
2,515,000
2,528,000
2,383,000
2,390,000
2,414,000
2,225,000
2,101,000
2,082,000
2,200,000
2,242,000
2,439,000
2,486,000
2,945,000
3,130,000
3,339,000
0
03,339,0003,130,0002,945,0002,486,0002,439,0002,242,0002,200,0002,082,0002,101,0002,225,0002,414,0002,390,0002,383,0002,528,0002,515,0002,429,0002,403,0002,571,0003,046,0002,870,0002,593,0002,582,0002,481,0002,522,0002,461,0002,406,0002,217,0002,220,0002,445,0002,272,0002,672,0002,847,0003,144,0003,021,0002,953,0003,012,0002,931,0003,074,0003,186,0003,214,0003,170,0003,539,0003,437,0003,576,0004,161,0003,993,0003,649,0003,385,0003,589,0003,583,0003,583,0003,279,0003,267,0004,601,000
   Common Stock
4,026,000
3,233,000
0
2,995,000
2,995,000
0
3,178,000
0
3,993,000
547,000
3,576,000
547,000
3,539,000
547,000
3,214,000
547,000
3,074,000
547,000
3,012,000
547,000
3,021,000
547,000
2,847,000
547,000
2,272,000
547,000
2,220,000
547,000
2,406,000
547,000
2,522,000
547,000
2,582,000
541,000
2,870,000
591,000
2,571,000
448,000
2,429,000
448,000
2,528,000
448,000
2,390,000
438,000
2,225,000
438,000
2,082,000
419,000
2,242,000
419,000
2,486,000
419,000
3,130,000
419,000
3,411,000
3,411,000419,0003,130,000419,0002,486,000419,0002,242,000419,0002,082,000438,0002,225,000438,0002,390,000448,0002,528,000448,0002,429,000448,0002,571,000591,0002,870,000541,0002,582,000547,0002,522,000547,0002,406,000547,0002,220,000547,0002,272,000547,0002,847,000547,0003,021,000547,0003,012,000547,0003,074,000547,0003,214,000547,0003,539,000547,0003,576,000547,0003,993,00003,178,00002,995,0002,995,00003,233,0004,026,000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,231,000
0
1,189,000
0
1,189,000
0
0
0
0
0
0
0
0
0
0000000001,189,00001,189,00001,231,00000000000000000000000000000000000000000000
   Treasury Stock000000000-117,0000-117,0000-171,000000-64,0000-9,0000-12,0000-9,0000-14,0000-15,0000-1,0000-2,00000000000000000000000000
   Other Stockholders Equity 0-581,0000-718,0000-684,0000-737,0000-710,0000-485,0000-461,0000-490,0000-488,0000-736,0000-842,000000000000000000000000000000000000



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.