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Arcadis N.V.
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Quick analysis of Arcadis (30 sec.)










1. Valuation of Arcadis (5 min.)




Current price per share

€39.42

2. Growth of Arcadis (5 min.)




Is Arcadis growing?

Current yearPrevious yearGrowGrow %
How rich?$1.1b$1b$18.9m1.7%

How much money is Arcadis making?

Current yearPrevious yearGrowGrow %
Making money$145.1m$179.7m-$34.6m-23.9%
Net Profit Margin3.4%5.0%--

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

3. Financial Health of Arcadis (5 min.)




4. Comparing to competitors in the Engineering & Construction industry (5 min.)




  Industry Rankings (Engineering & Construction)  


Richest
#93 / 697

Most Revenue
#51 / 697

Most Profit
#42 / 697

Most Efficient
#263 / 697


Fundamentals of Arcadis

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 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 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 Arcadis N.V..

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Arcadis to the Engineering & Construction industry mean.
  • A Net Profit Margin of 3.4% means that €0.03 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Arcadis N.V.:

  • The MRQ is 3.4%. The company is making a profit. +1
  • The TTM is 3.4%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ3.4%TTM3.4%0.0%
TTM3.4%YOY5.0%-1.6%
TTM3.4%5Y1.7%+1.7%
5Y1.7%10Y2.3%-0.6%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ3.4%2.1%+1.3%
TTM3.4%2.4%+1.0%
YOY5.0%2.6%+2.4%
5Y1.7%2.2%-0.5%
10Y2.3%2.6%-0.3%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Arcadis to the Engineering & Construction industry mean.
  • 3.5% Return on Assets means that Arcadis generated €0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Arcadis N.V.:

  • The MRQ is 3.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.5%TTM3.5%0.0%
TTM3.5%YOY6.1%-2.6%
TTM3.5%5Y2.0%+1.6%
5Y2.0%10Y2.8%-0.8%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ3.5%0.6%+2.9%
TTM3.5%0.7%+2.8%
YOY6.1%0.8%+5.3%
5Y2.0%0.7%+1.3%
10Y2.8%1.0%+1.8%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Arcadis to the Engineering & Construction industry mean.
  • 13.0% Return on Equity means Arcadis generated €0.13 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Arcadis N.V.:

  • The MRQ is 13.0%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 13.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ13.0%TTM13.0%0.0%
TTM13.0%YOY16.4%-3.4%
TTM13.0%5Y6.1%+7.0%
5Y6.1%10Y8.1%-2.1%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ13.0%2.2%+10.8%
TTM13.0%2.2%+10.8%
YOY16.4%2.3%+14.1%
5Y6.1%2.2%+3.9%
10Y8.1%2.7%+5.4%

1.2. Operating Efficiency of Arcadis N.V..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Arcadis is operating .

  • Measures how much profit Arcadis 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 Arcadis to the Engineering & Construction 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 Arcadis N.V.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY7.2%-7.2%
TTM-5Y2.9%-2.9%
5Y2.9%10Y3.9%-1.1%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.4%-3.4%
TTM-3.0%-3.0%
YOY7.2%3.8%+3.4%
5Y2.9%4.2%-1.3%
10Y3.9%3.5%+0.4%
1.2.2. Operating Ratio

Measures how efficient Arcadis is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Engineering & Construction industry mean).
  • An Operation Ratio of 1.19 means that the operating costs are €1.19 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Arcadis N.V.:

  • The MRQ is 1.192. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.192. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.192TTM1.1920.000
TTM1.192YOY1.176+0.015
TTM1.1925Y1.051+0.141
5Y1.05110Y1.002+0.049
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1921.745-0.553
TTM1.1921.716-0.524
YOY1.1761.719-0.543
5Y1.0511.516-0.465
10Y1.0021.283-0.281

1.3. Liquidity of Arcadis N.V..

1.3. Liquidity
1.3.1. Current Ratio

Measures if Arcadis 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 1.15 means the company has €1.15 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Arcadis N.V.:

  • The MRQ is 1.148. The company is just able to pay all its short-term debts.
  • The TTM is 1.148. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.148TTM1.1480.000
TTM1.148YOY1.217-0.069
TTM1.1485Y1.211-0.063
5Y1.21110Y1.309-0.099
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1481.319-0.171
TTM1.1481.332-0.184
YOY1.2171.346-0.129
5Y1.2111.384-0.173
10Y1.3091.299+0.010
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Arcadis to the Engineering & Construction industry mean.
  • A Quick Ratio of 0.48 means the company can pay off €0.48 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Arcadis N.V.:

  • The MRQ is 0.484. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.484. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.484TTM0.4840.000
TTM0.484YOY1.154-0.670
TTM0.4845Y1.037-0.553
5Y1.03710Y1.206-0.169
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4840.670-0.186
TTM0.4840.823-0.339
YOY1.1540.986+0.168
5Y1.0370.968+0.069
10Y1.2060.913+0.293

1.4. Solvency of Arcadis N.V..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Arcadis to Engineering & Construction industry mean.
  • A Debt to Asset Ratio of 0.73 means that Arcadis assets are financed with 72.9% credit (debt) and the remaining percentage (100% - 72.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Arcadis N.V.:

  • The MRQ is 0.729. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.729. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.729TTM0.7290.000
TTM0.729YOY0.627+0.102
TTM0.7295Y0.674+0.054
5Y0.67410Y0.660+0.014
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7290.622+0.107
TTM0.7290.618+0.111
YOY0.6270.606+0.021
5Y0.6740.601+0.073
10Y0.6600.600+0.060
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Arcadis to the Engineering & Construction industry mean.
  • A Debt to Equity ratio of 268.0% means that company has €2.68 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Arcadis N.V.:

  • The MRQ is 2.680. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.680. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.680TTM2.6800.000
TTM2.680YOY1.677+1.004
TTM2.6805Y2.109+0.571
5Y2.10910Y1.973+0.137
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6801.618+1.062
TTM2.6801.618+1.062
YOY1.6771.532+0.145
5Y2.1091.569+0.540
10Y1.9731.651+0.322

2. Market Valuation of Arcadis N.V.

2. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Arcadis to the Engineering & Construction industry mean.
  • A PE ratio of 24.26 means the investor is paying €24.26 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Arcadis N.V.:

  • The EOD is 26.053. Very good. +2
  • The MRQ is 24.255. Very good. +2
  • The TTM is 24.255. Very good. +2
Trends
Current periodCompared to+/- 
EOD26.053MRQ24.255+1.798
MRQ24.255TTM24.2550.000
TTM24.255YOY22.590+1.665
TTM24.2555Y58.324-34.069
5Y58.32410Y39.953+18.371
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
EOD26.05312.995+13.058
MRQ24.25511.647+12.608
TTM24.25512.233+12.022
YOY22.59017.827+4.763
5Y58.32418.515+39.809
10Y39.95324.537+15.416
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Arcadis.

  • 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 Arcadis N.V.:

  • The MRQ is 30.046. Seems overpriced? -1
  • The TTM is 30.046. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ30.046TTM30.0460.000
TTM30.046YOY2.522+27.524
TTM30.0465Y54.599-24.554
5Y54.59910Y38.708+15.891
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ30.04612.027+18.019
TTM30.04620.305+9.741
YOY2.52229.258-26.736
5Y54.59978.689-24.090
10Y38.708118.324-79.616

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

Measures if the stock price of Arcadis 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 3.16 means the investor is paying €3.16 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Arcadis N.V.:

  • The EOD is 3.397. Neutral. Compare to industry.
  • The MRQ is 3.163. Neutral. Compare to industry.
  • The TTM is 3.163. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
EOD3.397MRQ3.163+0.234
MRQ3.163TTM3.1630.000
TTM3.163YOY3.712-0.549
TTM3.1635Y2.499+0.664
5Y2.49910Y2.342+0.157
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
EOD3.3971.135+2.262
MRQ3.1631.125+2.038
TTM3.1631.140+2.023
YOY3.7121.361+2.351
5Y2.4991.382+1.117
10Y2.3421.716+0.626
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Arcadis N.V. 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--0.1980.1980%1.318-85%0.150+32%0.561-65%
Book Value Growth--1.0171.0170%1.123-9%1.014+0%1.078-6%
Book Value Per Share--11.60311.6030%11.406+2%10.882+7%10.441+11%
Book Value Per Share Growth--1.0171.0170%1.131-10%1.016+0%1.078-6%
Current Ratio--1.1481.1480%1.217-6%1.211-5%1.309-12%
Debt To Asset Ratio--0.7290.7290%0.627+16%0.674+8%0.660+10%
Debt To Equity Ratio--2.6802.6800%1.677+60%2.109+27%1.973+36%
Dividend Per Share--1.2981.2980%0.351+270%0.412+215%0.336+286%
Dividend Per Share Growth--3.7023.7020%9.044-59%3.019+23%1.962+89%
Eps--1.5131.5130%1.874-19%0.687+120%0.814+86%
Eps Growth--0.8070.8070%8.959-91%2.674-70%1.823-56%
Free Cash Flow Per Share--2.7232.7230%3.290-17%2.800-3%1.950+40%
Free Cash Flow Per Share Growth--0.8280.8280%0.735+13%1.338-38%1.152-28%
Free Cash Flow To Equity Per Share--2.7232.7230%-1.297+148%0.993+174%1.262+116%
Free Cash Flow To Equity Per Share Growth--4.1004.1000%-0.510+112%3.818+7%5.907-31%
Gross Profit Margin--1.0001.0000%0.958+4%0.798+25%0.865+16%
Intrinsic Value_10Y_max--42.268--------
Intrinsic Value_10Y_min--19.328--------
Intrinsic Value_1Y_max--3.664--------
Intrinsic Value_1Y_min--1.966--------
Intrinsic Value_3Y_max--11.444--------
Intrinsic Value_3Y_min--5.918--------
Intrinsic Value_5Y_max--19.749--------
Intrinsic Value_5Y_min--9.849--------
Net Profit Margin--0.0340.0340%0.050-32%0.017+97%0.023+45%
Operating Margin----0%0.072-100%0.029-100%0.039-100%
Operating Ratio--1.1921.1920%1.176+1%1.051+13%1.002+19%
Pb Ratio3.397+7%3.1633.1630%3.712-15%2.499+27%2.342+35%
Pe Ratio26.053+7%24.25524.2550%22.590+7%58.324-58%39.953-39%
Peg Ratio--30.04630.0460%2.522+1092%54.599-45%38.708-22%
Price Per Share39.420+7%36.70036.7000%42.340-13%27.504+33%23.902+54%
Price To Total Gains Ratio26.355+7%24.53624.5360%25.373-3%-2.619+111%-1.837+107%
Profit Growth--0.8070.8070%7.680-89%2.470-67%1.721-53%
Quick Ratio--0.4840.4840%1.154-58%1.037-53%1.206-60%
Return On Assets--0.0350.0350%0.061-42%0.020+79%0.028+27%
Return On Equity--0.1300.1300%0.164-21%0.061+115%0.081+60%
Revenue Growth--1.1931.1930%1.023+17%1.049+14%1.052+13%
Total Gains Per Share--1.4961.4960%1.669-10%0.562+166%0.897+67%
Total Gains Per Share Growth--0.8960.8960%4.562-80%1.949-54%1.403-36%
Usd Book Value--1112933838.4001112933838.4000%1093972112.000+2%1045237862.400+6%1003094279.720+11%
Usd Book Value Change Per Share--0.2120.2120%1.411-85%0.161+32%0.601-65%
Usd Book Value Per Share--12.42512.4250%12.213+2%11.652+7%11.180+11%
Usd Dividend Per Share--1.3901.3900%0.375+270%0.441+215%0.360+286%
Usd Eps--1.6201.6200%2.007-19%0.736+120%0.872+86%
Usd Free Cash Flow--261153128.800261153128.8000%315542273.200-17%269216466.960-3%187404777.040+39%
Usd Free Cash Flow Per Share--2.9162.9160%3.523-17%2.998-3%2.088+40%
Usd Free Cash Flow To Equity Per Share--2.9162.9160%-1.388+148%1.063+174%1.352+116%
Usd Price Per Share42.211+7%39.29839.2980%45.338-13%29.451+33%25.594+54%
Usd Profit--145125524.000145125524.0000%179769116.400-19%66576561.680+118%79409028.880+83%
Usd Revenue--4314183598.0004314183598.0000%3617682808.800+19%3734858953.680+16%3486241787.560+24%
Usd Total Gains Per Share--1.6021.6020%1.787-10%0.602+166%0.961+67%
 EOD+2 -3MRQTTM+0 -0YOY+14 -295Y+28 -1510Y+26 -17

3.2. Fundamental Score

Let's check the fundamental score of Arcadis N.V. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1526.053
Price to Book Ratio (EOD)Between0-13.397
Net Profit Margin (MRQ)Greater than00.034
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.484
Current Ratio (MRQ)Greater than11.148
Debt to Asset Ratio (MRQ)Less than10.729
Debt to Equity Ratio (MRQ)Less than12.680
Return on Equity (MRQ)Greater than0.150.130
Return on Assets (MRQ)Greater than0.050.035
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Arcadis N.V. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.895
Ma 20Greater thanMa 5039.193
Ma 50Greater thanMa 10037.720
Ma 100Greater thanMa 20038.533
OpenGreater thanClose38.620
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets3,830,443
Total Liabilities2,791,095
Total Stockholder Equity1,041,357
 As reported
Total Liabilities 2,791,095
Total Stockholder Equity+ 1,041,357
Total Assets = 3,830,443

Assets

Total Assets3,830,443
Total Current Assets1,773,009
Long-term Assets1,773,009
Total Current Assets
Cash And Cash Equivalents 243,154
Net Receivables 747,392
Inventory 265
Total Current Assets  (as reported)1,773,009
Total Current Assets  (calculated)990,811
+/- 782,198
Long-term Assets
Goodwill 1,483,164
Intangible Assets 70,709
Long-term Assets  (as reported)2,057,434
Long-term Assets  (calculated)1,553,873
+/- 503,561

Liabilities & Shareholders' Equity

Total Current Liabilities1,544,496
Long-term Liabilities1,246,599
Total Stockholder Equity1,041,357
Total Current Liabilities
Short Long Term Debt 71,386
Accounts payable 337,848
Other Current Liabilities 60,189
Total Current Liabilities  (as reported)1,544,496
Total Current Liabilities  (calculated)469,423
+/- 1,075,073
Long-term Liabilities
Long term Debt 901,935
Capital Lease Obligations Min Short Term Debt307,763
Long-term Liabilities  (as reported)1,246,599
Long-term Liabilities  (calculated)1,209,698
+/- 36,901
Total Stockholder Equity
Retained Earnings 712,349
Total Stockholder Equity (as reported)1,041,357
Total Stockholder Equity (calculated)712,349
+/- 329,008
Other
Capital Stock1,809
Common Stock Shares Outstanding 89,573
Net Debt 730,167
Net Invested Capital 2,014,678
Net Working Capital 228,513



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-311999-12-311998-12-311997-12-311996-12-311995-12-311994-12-311993-12-31
> Total Assets 
166,157
171,328
206,286
218,946
242,636
252,728
295,805
299,583
310,485
344,123
346,648
390,177
649,627
736,469
921,673
1,058,364
1,315,153
1,424,530
1,558,955
1,770,870
1,680,438
2,608,033
2,828,707
2,868,488
2,707,350
2,708,552
3,163,277
2,763,803
2,736,458
3,830,443
3,830,4432,736,4582,763,8033,163,2772,708,5522,707,3502,868,4882,828,7072,608,0331,680,4381,770,8701,558,9551,424,5301,315,1531,058,364921,673736,469649,627390,177346,648344,123310,485299,583295,805252,728242,636218,946206,286171,328166,157
   > Total Current Assets 
107,635
112,452
147,871
155,150
185,091
195,771
232,781
241,239
258,632
280,688
248,166
281,149
432,652
501,764
588,800
695,905
822,258
873,469
907,096
1,000,508
931,694
1,296,567
1,384,818
1,511,296
1,449,154
1,475,849
1,650,739
1,479,773
1,462,970
1,773,009
1,773,0091,462,9701,479,7731,650,7391,475,8491,449,1541,511,2961,384,8181,296,567931,6941,000,508907,096873,469822,258695,905588,800501,764432,652281,149248,166280,688258,632241,239232,781195,771185,091155,150147,871112,452107,635
       Cash And Cash Equivalents 
19,448
20,305
16,456
14,945
13,273
9,976
11,989
18,371
43,755
53,296
31,204
48,183
73,828
101,488
92,608
117,875
224,509
207,766
158,203
229,097
150,934
178,311
221,088
260,032
267,942
240,815
296,895
427,958
320,603
243,154
243,154320,603427,958296,895240,815267,942260,032221,088178,311150,934229,097158,203207,766224,509117,87592,608101,48873,82848,18331,20453,29643,75518,37111,9899,97613,27314,94516,45620,30519,448
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
2,041
0
0
0
0
0
736
1,644
268
5,583
2,722
6,156
6,088
0
0
0
0
0
000006,0886,1562,7225,5832681,644736000002,041000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
252,151
384,989
511,780
0
0
0
0
0
0
755,547
1,026,708
1,119,078
1,198,427
1,208,373
1,186,569
1,317,760
964,883
1,065,972
747,392
747,3921,065,972964,8831,317,7601,186,5691,208,3731,198,4271,119,0781,026,708755,547000000511,780384,989252,15100000000000
       Inventory 
-2,420
1,712
858
15,346
24,545
33,083
44,493
30,239
27,570
21,509
15,181
27,695
374
451
676
771
467
419
893
679
374
292
234
235
236
217
201
251
233
265
26523325120121723623523429237467989341946777167645137427,69515,18121,50927,57030,23944,49333,08324,54515,3468581,712-2,420
       Other Current Assets 
90,607
90,435
130,557
124,859
147,273
152,711
176,299
192,630
187,307
205,883
201,781
205,271
358,450
399,825
495,516
577,259
597,282
665,284
747,264
769,088
780,118
1,112,381
1,160,774
1,244,873
1,174,888
1,234,817
1,353,643
1,051,564
1,142,134
0
01,142,1341,051,5641,353,6431,234,8171,174,8881,244,8731,160,7741,112,381780,118769,088747,264665,284597,282577,259495,516399,825358,450205,271201,781205,883187,307192,630176,299152,711147,273124,859130,55790,43590,607
   > Long-term Assets 
58,523
58,876
58,415
63,796
57,545
56,958
63,023
58,343
51,853
63,435
98,482
109,028
216,975
234,706
332,873
362,459
492,895
551,061
651,859
770,362
748,744
1,311,466
1,443,889
1,357,192
1,258,196
1,232,703
1,512,538
1,284,030
1,273,488
2,057,434
2,057,4341,273,4881,284,0301,512,5381,232,7031,258,1961,357,1921,443,8891,311,466748,744770,362651,859551,061492,895362,459332,873234,706216,975109,02898,48263,43551,85358,34363,02356,95857,54563,79658,41558,87658,523
       Property Plant Equipment 
33,697
39,876
46,795
44,512
48,545
44,424
46,193
40,767
37,818
41,189
44,794
42,297
55,952
55,006
63,869
66,467
84,788
93,364
73,895
79,176
65,731
84,114
90,821
100,427
92,644
103,578
367,502
340,288
311,538
0
0311,538340,288367,502103,57892,644100,42790,82184,11465,73179,17673,89593,36484,78866,46763,86955,00655,95242,29744,79441,18937,81840,76746,19344,42448,54544,51246,79539,87633,697
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
121,698
185,302
139,433
0
233,477
0
0
0
515,480
509,637
901,592
1,048,523
999,389
930,014
914,748
948,469
781,616
830,619
1,483,164
1,483,164830,619781,616948,469914,748930,014999,3891,048,523901,592509,637515,480000233,4770139,433185,302121,69800000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
9,133
11,122
17,911
0
0
0
0
0
0
34,333
34,056
34,840
25,386
27,306
10,030
11,048
0
0
0
00011,04810,03027,30625,38634,84034,05634,33300000017,91111,1229,13300000000000
       Intangible Assets 
448
408
702
1,045
1,091
4,860
6,410
7,074
7,603
12,671
41,319
53,055
127,764
14,737
227,487
15,786
342,691
373,390
501,257
80,734
75,230
212,130
204,398
170,975
144,248
139,498
131,323
104,832
35,587
70,709
70,70935,587104,832131,323139,498144,248170,975204,398212,13075,23080,734501,257373,390342,69115,786227,48714,737127,76453,05541,31912,6717,6037,0746,4104,8601,0911,045702408448
       Long-term Assets Other 
24,377
18,592
10,919
18,239
7,909
7,674
10,420
10,503
6,431
9,575
12,369
13,675
20,058
17,239
27,444
34,503
47,457
55,176
19,077
27,349
26,489
34,782
35,565
36,839
40,654
38,618
42,352
37,153
71,070
0
071,07037,15342,35238,61840,65436,83935,56534,78226,48927,34919,07755,17647,45734,50327,44417,23920,05813,67512,3699,5756,43110,50310,4207,6747,90918,23910,91918,59224,377
> Total Liabilities 
97,149
94,023
118,390
145,589
161,727
165,672
198,764
187,538
179,320
211,910
202,804
235,647
461,682
535,753
722,475
838,435
946,616
1,013,335
1,103,604
1,234,207
1,082,844
1,712,186
1,817,372
1,866,772
1,726,773
1,764,433
2,197,890
1,853,657
1,714,818
2,791,095
2,791,0951,714,8181,853,6572,197,8901,764,4331,726,7731,866,7721,817,3721,712,1861,082,8441,234,2071,103,6041,013,335946,616838,435722,475535,753461,682235,647202,804211,910179,320187,538198,764165,672161,727145,589118,39094,02397,149
   > Total Current Liabilities 
76,357
79,100
98,737
126,948
139,818
142,394
176,687
149,941
144,201
170,769
153,199
203,592
303,583
370,251
492,780
522,071
564,564
650,269
652,423
829,193
660,777
1,016,832
910,718
991,123
1,106,706
1,243,273
1,409,088
1,112,724
1,201,968
1,544,496
1,544,4961,201,9681,112,7241,409,0881,243,2731,106,706991,123910,7181,016,832660,777829,193652,423650,269564,564522,071492,780370,251303,583203,592153,199170,769144,201149,941176,687142,394139,818126,94898,73779,10076,357
       Short-term Debt 
0
0
0
0
0
0
0
0
0
16,059
8,926
20,652
6,647
23,922
36,468
14,707
35,192
94,125
52,553
200,500
34,842
211,807
31,758
56,144
216,071
202,298
226,339
169,070
138,653
0
0138,653169,070226,339202,298216,07156,14431,758211,80734,842200,50052,55394,12535,19214,70736,46823,9226,64720,6528,92616,059000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
28,198
2,909
2,086
0
0
0
0
0
0
359,521
2,861
27,055
865
1,805
135
150,678
99,693
76,147
71,386
71,38676,14799,693150,6781351,80586527,0552,861359,5210000002,0862,90928,19800000000000
       Accounts payable 
25,363
30,498
39,541
47,887
50,182
46,555
61,664
65,495
66,678
64,409
61,895
77,415
72,462
198,934
119,538
133,235
128,940
139,760
154,276
135,772
123,625
173,731
207,629
252,667
237,190
235,545
279,367
183,313
232,211
337,848
337,848232,211183,313279,367235,545237,190252,667207,629173,731123,625135,772154,276139,760128,940133,235119,538198,93472,46277,41561,89564,40966,67865,49561,66446,55550,18247,88739,54130,49825,363
       Other Current Liabilities 
50,994
48,601
59,195
79,061
89,636
95,839
115,023
84,446
77,523
90,301
82,378
105,524
224,474
147,395
336,774
355,458
393,069
401,604
435,329
415,606
422,319
529,037
564,949
582,623
552,153
688,194
779,870
623,520
722,896
60,189
60,189722,896623,520779,870688,194552,153582,623564,949529,037422,319415,606435,329401,604393,069355,458336,774147,395224,474105,52482,37890,30177,52384,446115,02395,83989,63679,06159,19548,60150,994
   > Long-term Liabilities 
20,792
14,923
19,654
18,641
21,909
23,278
22,077
37,597
35,119
41,141
49,605
32,055
158,099
165,502
229,695
316,364
382,052
363,066
451,181
405,014
422,067
695,354
906,654
875,649
620,067
521,160
788,802
740,933
512,850
1,246,599
1,246,599512,850740,933788,802521,160620,067875,649906,654695,354422,067405,014451,181363,066382,052316,364229,695165,502158,09932,05549,60541,14135,11937,59722,07723,27821,90918,64119,65414,92320,792
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
69,947
17,240
24,678
0
0
0
0
0
0
97,789
244,346
218,249
172,620
144,504
133,984
111,936
117,169
132,831
0
0132,831117,169111,936133,984144,504172,620218,249244,34697,78900000024,67817,24069,94700000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
11,883
58,481
28,645
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000028,64558,48111,88300000000000
> Total Stockholder Equity
69,008
77,306
87,896
73,357
80,909
87,057
97,041
112,045
131,165
125,072
136,300
145,561
176,069
188,881
187,715
207,585
351,704
392,800
455,445
535,562
594,680
892,035
1,007,970
999,069
977,886
941,920
962,511
911,383
1,022,788
1,041,357
1,041,3571,022,788911,383962,511941,920977,886999,0691,007,970892,035594,680535,562455,445392,800351,704207,585187,715188,881176,069145,561136,300125,072131,165112,04597,04187,05780,90973,35787,89677,30669,008
   Common Stock
0
0
0
0
0
0
987
1,017
1,016
1,015
1,020
1,029
1,029
1,030
1,030
1,239
1,354
1,354
1,437
1,481
1,496
1,662
1,678
1,721
1,748
1,780
1,809
1,809
1,809
0
01,8091,8091,8091,7801,7481,7211,6781,6621,4961,4811,4371,3541,3541,2391,0301,0301,0291,0291,0201,0151,0161,017987000000
   Retained Earnings 
25,542
35,065
36,656
24,506
47,454
55,934
65,411
71,559
88,999
88,960
99,357
124,186
91,134
151,357
117,509
153,036
199,128
309,459
309,919
365,240
453,835
521,540
594,049
625,466
694,188
651,261
637,193
651,245
699,486
712,349
712,349699,486651,245637,193651,261694,188625,466594,049521,540453,835365,240309,919309,459199,128153,036117,509151,35791,134124,18699,35788,96088,99971,55965,41155,93447,45424,50636,65635,06525,542
   Accumulated Other Comprehensive Income 00-184,446-154,466-139,481-150,554-196,673-181,883-140,799-118,882-107,714-95,037-97,376-96,362-79,959-72,612-77,443-81,517-91,749-86,215-70,726-78,279-77,193-82,745-86,971-98,636-66,688-56,933-42,404-38,268
   Capital Surplus 000000000000000000000000000000
   Treasury Stock000000000000000000000000000000
   Other Stockholders Equity 
81,734
84,645
108,174
115,539
132,091
118,093
113,387
116,661
119,429
105,823
122,138
112,095
165,423
113,937
141,788
133,269
247,584
179,363
239,126
276,555
258,231
509,632
1,189,853
1,195,742
432,504
1,081,401
477,975
442,775
321,493
0
0321,493442,775477,9751,081,401432,5041,195,7421,189,853509,632258,231276,555239,126179,363247,584133,269141,788113,937165,423112,095122,138105,823119,429116,661113,387118,093132,091115,539108,17484,64581,734



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.