0 XP   0   0   0

Barco NV
Buy, Hold or Sell?

Should you buy, hold or sell Barco?

I guess you are interested in Barco 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 Barco

Let's start. I'm going to help you getting a better view of Barco 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 Barco 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 Barco NV is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Barco NV. The closing price on 2023-01-25 was €22.74 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.
Barco NV Daily Candlestick Chart
Barco NV Daily Candlestick Chart
Summary









1. Valuation of Barco




Current price per share

€22.74

2. Growth of Barco




Is Barco growing?

Current yearPrevious yearGrowGrow %
How rich?$800.2m$759.2m$41m5.1%

How much money is Barco making?

Current yearPrevious yearGrowGrow %
Making money$9.6m-$4.7m$14.4m149.5%
Net Profit Margin1.1%-0.6%--

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

3. Financial Health of Barco




Comparing to competitors in the Electronic Components industry




  Industry Rankings (Electronic Components)  


Richest
#409 / 541

Most Revenue
#250 / 541

Most Profit
#356 / 541

Most Efficient
#387 / 541


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient 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 able to pay all its short-term debts.
The company is very 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 Barco NV.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Barco to the Electronic Components industry mean.
  • A Net Profit Margin of 1.1% means that €0.01 for each €1 in revenue is generated as profit.

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

  • The MRQ is 1.1%. The company is making a profit. +1
  • The TTM is 1.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.1%TTM1.1%0.0%
TTM1.1%YOY-0.6%+1.7%
TTM1.1%5Y3.8%-2.7%
5Y3.8%10Y3.7%+0.0%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1%5.5%-4.4%
TTM1.1%5.4%-4.3%
YOY-0.6%5.0%-5.6%
5Y3.8%4.5%-0.7%
10Y3.7%4.7%-1.0%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Barco to the Electronic Components industry mean.
  • 0.8% Return on Assets means that Barco generated €0.01 profit for each $1 in assets.

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

  • The MRQ is 0.8%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.8%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.8%TTM0.8%0.0%
TTM0.8%YOY-0.4%+1.2%
TTM0.8%5Y3.6%-2.8%
5Y3.6%10Y3.8%-0.2%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8%1.2%-0.4%
TTM0.8%1.2%-0.4%
YOY-0.4%1.2%-1.6%
5Y3.6%1.0%+2.6%
10Y3.8%1.0%+2.8%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Barco to the Electronic Components industry mean.
  • 1.3% Return on Equity means Barco generated €0.01 for each €1 the owners (shareholders) invested.

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

  • The MRQ is 1.3%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.3%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.3%TTM1.3%0.0%
TTM1.3%YOY-0.7%+1.9%
TTM1.3%5Y6.1%-4.8%
5Y6.1%10Y6.7%-0.6%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3%2.4%-1.1%
TTM1.3%2.2%-0.9%
YOY-0.7%2.2%-2.9%
5Y6.1%2.0%+4.1%
10Y6.7%1.9%+4.8%

1.2. Operating Efficiency of Barco NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Barco is operating .

  • Measures how much profit Barco 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 Barco to the Electronic Components industry mean.
  • An Operating Margin of 1.6% means the company generated €0.02  for each €1 in revenue (before taxes).

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

  • The MRQ is 1.6%. The company is operating less efficient.
  • The TTM is 1.6%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ1.6%TTM1.6%0.0%
TTM1.6%YOY-0.3%+1.9%
TTM1.6%5Y5.0%-3.4%
5Y5.0%10Y4.7%+0.3%
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6%4.9%-3.3%
TTM1.6%5.2%-3.6%
YOY-0.3%5.7%-6.0%
5Y5.0%5.5%-0.5%
10Y4.7%4.2%+0.5%
1.2.2. Operating Ratio

Measures how efficient Barco is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronic Components industry mean).
  • An Operation Ratio of 0.98 means that the operating costs are €0.98 for each €1 in net sales.

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

  • The MRQ is 0.981. The company is less efficient in keeping operating costs low.
  • The TTM is 0.981. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.981TTM0.9810.000
TTM0.981YOY0.983-0.002
TTM0.9815Y0.943+0.038
5Y0.94310Y0.950-0.007
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9811.697-0.716
TTM0.9811.694-0.713
YOY0.9831.657-0.674
5Y0.9431.621-0.678
10Y0.9501.336-0.386

1.3. Liquidity of Barco NV.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Electronic Components industry mean).
  • A Current Ratio of 2.85 means the company has €2.85 in assets for each €1 in short-term debts.

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

  • The MRQ is 2.847. The company is able to pay all its short-term debts. +1
  • The TTM is 2.847. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.847TTM2.8470.000
TTM2.847YOY2.966-0.119
TTM2.8475Y2.440+0.407
5Y2.44010Y2.006+0.435
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8471.771+1.076
TTM2.8471.766+1.081
YOY2.9661.850+1.116
5Y2.4401.829+0.611
10Y2.0061.545+0.461
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Barco to the Electronic Components industry mean.
  • A Quick Ratio of 2.11 means the company can pay off €2.11 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 2.107. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.107. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.107TTM2.1070.000
TTM2.107YOY2.032+0.075
TTM2.1075Y1.843+0.263
5Y1.84310Y1.436+0.407
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1070.745+1.362
TTM2.1070.782+1.325
YOY2.0320.854+1.178
5Y1.8430.848+0.995
10Y1.4360.837+0.599

1.4. Solvency of Barco NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Barco to Electronic Components industry mean.
  • A Debt to Asset Ratio of 0.33 means that Barco assets are financed with 33.5% credit (debt) and the remaining percentage (100% - 33.5%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.335. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.335. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.335TTM0.3350.000
TTM0.335YOY0.315+0.019
TTM0.3355Y0.371-0.037
5Y0.37110Y0.410-0.039
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3350.454-0.119
TTM0.3350.454-0.119
YOY0.3150.444-0.129
5Y0.3710.436-0.065
10Y0.4100.423-0.013
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Barco to the Electronic Components industry mean.
  • A Debt to Equity ratio of 53.2% means that company has €0.53 debt for each €1 in shareholders equity.

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

  • The MRQ is 0.532. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.532. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.532TTM0.5320.000
TTM0.532YOY0.487+0.045
TTM0.5325Y0.621-0.088
5Y0.62110Y0.726-0.105
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5320.855-0.323
TTM0.5320.864-0.332
YOY0.4870.806-0.319
5Y0.6210.813-0.192
10Y0.7260.807-0.081

2. Market Valuation of Barco 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 Barco generates.

  • Above 15 is considered overpriced but always compare Barco to the Electronic Components industry mean.
  • A PE ratio of 192.31 means the investor is paying €192.31 for every €1 in earnings.

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

  • The EOD is 228.239. Seems overpriced? -1
  • The MRQ is 192.307. Seems overpriced? -1
  • The TTM is 192.307. Seems overpriced? -1
Trends
Current periodCompared to+/- 
EOD228.239MRQ192.307+35.932
MRQ192.307TTM192.3070.000
TTM192.307YOY-361.583+553.889
TTM192.3075Y94.825+97.482
5Y94.82510Y186.675-91.850
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD228.23942.226+186.013
MRQ192.30744.654+147.653
TTM192.30759.431+132.876
YOY-361.58372.914-434.497
5Y94.82566.107+28.718
10Y186.67551.422+135.253
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Barco.

  • 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 Barco NV:

  • The MRQ is 47.818. Seems overpriced? -1
  • The TTM is 47.818. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ47.818TTM47.8180.000
TTM47.818YOY7,849.213-7,801.395
TTM47.8185Y1,647.935-1,600.117
5Y1,647.93510Y1,070.532+577.403
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
MRQ47.8180.604+47.214
TTM47.8180.100+47.718
YOY7,849.2130.291+7,848.922
5Y1,647.9350.119+1,647.816
10Y1,070.5320.161+1,070.371

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

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

  • At or below 1 is considered healthy (always compare to Electronic Components industry mean).
  • A PB ratio of 2.32 means the investor is paying €2.32 for each €1 in book value.

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

  • The EOD is 2.759. Good. +1
  • The MRQ is 2.324. Good. +1
  • The TTM is 2.324. Good. +1
Trends
Current periodCompared to+/- 
EOD2.759MRQ2.324+0.434
MRQ2.324TTM2.3240.000
TTM2.324YOY2.279+0.046
TTM2.3245Y11.649-9.325
5Y11.64910Y10.530+1.119
Compared to industry (Electronic Components)
PeriodCompanyIndustry (mean)+/- 
EOD2.7591.606+1.153
MRQ2.3241.787+0.537
TTM2.3242.086+0.238
YOY2.2792.146+0.133
5Y11.6491.861+9.788
10Y10.5301.382+9.148
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Barco 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--0.4230.4230%-0.488+215%0.268+58%0.312+36%
Book Value Growth--1.0541.0540%0.941+12%1.039+1%1.050+0%
Book Value Per Share--8.2448.2440%7.821+5%7.631+8%7.113+16%
Book Value Per Share Growth--1.0541.0540%0.941+12%1.039+1%1.051+0%
Current Ratio--2.8472.8470%2.966-4%2.440+17%2.006+42%
Debt To Asset Ratio--0.3350.3350%0.315+6%0.371-10%0.410-18%
Debt To Equity Ratio--0.5320.5320%0.487+9%0.621-14%0.726-27%
Dividend Per Share--0.2310.2310%0.374-38%0.296-22%0.247-7%
Dividend Per Share Growth--0.6160.6160%1.163-47%1.022-40%1.066-42%
Eps--0.1000.1000%-0.049+149%0.448-78%0.446-78%
Eps Growth--4.0224.0220%-0.046+101%2.104+91%1.430+181%
Free Cash Flow Per Share--0.9070.9070%-0.375+141%0.542+67%0.702+29%
Free Cash Flow Per Share Growth--4.4194.4190%-0.378+109%1.537+188%1.574+181%
Free Cash Flow To Equity Per Share--0.5090.5090%-0.820+261%0.177+188%0.441+16%
Free Cash Flow To Equity Per Share Growth--2.6212.6210%-1.548+159%2.040+28%6.576-60%
Gross Profit Margin---12.089-12.0890%26.570-145%1.618-847%-1.941-84%
Intrinsic Value_10Y_max--15.772--------
Intrinsic Value_10Y_min--3.662--------
Intrinsic Value_1Y_max--1.055--------
Intrinsic Value_1Y_min--0.477--------
Intrinsic Value_3Y_max--3.570--------
Intrinsic Value_3Y_min--1.347--------
Intrinsic Value_5Y_max--6.568--------
Intrinsic Value_5Y_min--2.115--------
Net Profit Margin--0.0110.0110%-0.006+152%0.038-71%0.037-70%
Operating Margin--0.0160.0160%-0.003+120%0.050-68%0.047-66%
Operating Ratio--0.9810.9810%0.9830%0.943+4%0.950+3%
Pb Ratio2.759+16%2.3242.3240%2.279+2%11.649-80%10.530-78%
Pe Ratio228.239+16%192.307192.3070%-361.583+288%94.825+103%186.675+3%
Peg Ratio--47.81847.8180%7849.213-99%1647.935-97%1070.532-96%
Price Per Share22.740+16%19.16019.1600%17.820+8%88.826-78%75.521-75%
Price To Total Gains Ratio34.789+16%29.31229.3120%-155.927+632%1237.082-98%691.694-96%
Profit Growth--4.0224.0220%-0.046+101%2.104+91%1.415+184%
Quick Ratio--2.1072.1070%2.032+4%1.843+14%1.436+47%
Return On Assets--0.0080.0080%-0.004+154%0.036-78%0.038-79%
Return On Equity--0.0130.0130%-0.007+152%0.061-79%0.067-81%
Revenue Growth--1.0441.0440%0.711+47%0.948+10%0.984+6%
Total Gains Per Share--0.6540.6540%-0.114+117%0.564+16%0.559+17%
Total Gains Per Share Growth--7.7207.7200%-0.076+101%12.181-37%6.511+19%
Usd Book Value--800285927.400800285927.4000%759220322.800+5%740833700.960+8%690517389.870+16%
Usd Book Value Change Per Share--0.4610.4610%-0.532+215%0.292+58%0.339+36%
Usd Book Value Per Share--8.9788.9780%8.517+5%8.311+8%7.747+16%
Usd Dividend Per Share--0.2510.2510%0.408-38%0.322-22%0.270-7%
Usd Eps--0.1090.1090%-0.054+149%0.488-78%0.485-78%
Usd Free Cash Flow--88072249.70088072249.7000%-36412969.400+141%52602223.080+67%68134422.730+29%
Usd Free Cash Flow Per Share--0.9880.9880%-0.409+141%0.590+67%0.764+29%
Usd Free Cash Flow To Equity Per Share--0.5540.5540%-0.893+261%0.193+188%0.480+16%
Usd Price Per Share24.766+16%20.86720.8670%19.408+8%96.740-78%82.250-75%
Usd Profit--9672297.1009672297.1000%-4784416.300+149%43475129.440-78%43931680.160-78%
Usd Revenue--875950060.800875950060.8000%838697395.300+4%1039039954.140-16%1102576741.220-21%
Usd Total Gains Per Share--0.7120.7120%-0.124+117%0.614+16%0.609+17%
 EOD+2 -3MRQTTM+0 -0YOY+33 -105Y+26 -1710Y+26 -17

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15228.239
Price to Book Ratio (EOD)Between0-12.759
Net Profit Margin (MRQ)Greater than00.011
Operating Margin (MRQ)Greater than00.016
Quick Ratio (MRQ)Greater than12.107
Current Ratio (MRQ)Greater than12.847
Debt to Asset Ratio (MRQ)Less than10.335
Debt to Equity Ratio (MRQ)Less than10.532
Return on Equity (MRQ)Greater than0.150.013
Return on Assets (MRQ)Greater than0.050.008
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.154
Ma 20Greater thanMa 5023.477
Ma 50Greater thanMa 10022.832
Ma 100Greater thanMa 20022.327
OpenGreater thanClose22.940
Total4/5 (80.0%)



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  14,065-12,2881,77738,81340,590-2,79237,798-38,676-878



Latest Balance Sheet

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

Summary
Total Assets1,104,249
Total Liabilities369,435
Total Stockholder Equity693,783
 As reported
Total Liabilities 369,435
Total Stockholder Equity+ 693,783
Total Assets = 1,104,249

Assets

Total Assets1,104,249
Total Current Assets715,311
Long-term Assets715,311
Total Current Assets
Cash And Cash Equivalents 351,571
Short-term Investments 2,763
Net Receivables 172,133
Other Current Assets 185,481
Total Current Assets  (as reported)715,311
Total Current Assets  (calculated)711,948
+/- 3,363
Long-term Assets
Property Plant Equipment 126,886
Goodwill 105,612
Intangible Assets 17,427
Other Assets 71,004
Long-term Assets  (as reported)388,938
Long-term Assets  (calculated)320,929
+/- 68,009

Liabilities & Shareholders' Equity

Total Current Liabilities251,211
Long-term Liabilities118,224
Total Stockholder Equity693,783
Total Current Liabilities
Short-term Debt 10,218
Short Long Term Debt 2,000
Accounts payable 113,979
Other Current Liabilities 122,051
Total Current Liabilities  (as reported)251,211
Total Current Liabilities  (calculated)248,248
+/- 2,963
Long-term Liabilities
Long term Debt 16,102
Capital Lease Obligations Min Short Term Debt16,264
Other Liabilities 83,858
Long-term Liabilities  (as reported)118,224
Long-term Liabilities  (calculated)116,224
+/- 2,000
Total Stockholder Equity
Common Stock56,296
Retained Earnings 527,783
Other Stockholders Equity 109,704
Total Stockholder Equity (as reported)693,783
Total Stockholder Equity (calculated)693,783
+/-0
Other
Capital Stock56,296
Cash and Short Term Investments 354,334
Common Stock Shares Outstanding 88,265
Liabilities and Stockholders Equity 1,063,218
Net Debt -306,987
Net Invested Capital 711,885
Net Tangible Assets 570,744
Net Working Capital 464,100
Short Long Term Debt Total 44,584



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 
902,457
755,220
652
623
681,021
721,365
727,551
788,356
720,727
572,475
754,699
814,567
921,879
1,047,822
1,075,384
1,140,327
1,159,232
1,064,996
1,047,300
1,174,175
1,018,204
1,104,249
1,104,2491,018,2041,174,1751,047,3001,064,9961,159,2321,140,3271,075,3841,047,822921,879814,567754,699572,475720,727788,356727,551721,365681,021623652755,220902,457
   > Total Current Assets 
0
0
436
415
429,681
470,078
495,175
566,653
469,206
362,997
518,269
543,816
562,160
598,120
640,106
729,612
732,605
700,267
689,197
781,203
584,542
715,311
715,311584,542781,203689,197700,267732,605729,612640,106598,120562,160543,816518,269362,997469,206566,653495,175470,078429,68141543600
       Cash And Cash Equivalents 
65,632
51,921
123
133
90,610
106,256
81,418
73,337
72,119
45,901
46,041
79,165
122,139
156,545
145,341
341,278
353,548
254,130
251,807
357,035
235,402
351,571
351,571235,402357,035251,807254,130353,548341,278145,341156,545122,13979,16546,04145,90172,11973,33781,418106,25690,61013312351,92165,632
       Short-term Investments 
65,318
54,789
69,389
78,235
51,404
0
25,706
37,761
19
14
4
0
0
0
0
0
0
0
112,795
24,748
3,175
2,763
2,7633,17524,748112,79500000004141937,76125,706051,40478,23569,38954,78965,318
       Net Receivables 
295,125
260,028
189,445
175,337
185,612
213,347
260,346
230,313
198,555
160,486
232,736
220,658
211,295
220,982
189,207
211,266
203,287
168,129
178,974
215,148
158,582
172,133
172,133158,582215,148178,974168,129203,287211,266189,207220,982211,295220,658232,736160,486198,555230,313260,346213,347185,612175,337189,445260,028295,125
       Other Current Assets 
8,393
6,667
195
178
195,022
222,458
267,085
289,231
207,835
170,831
241,807
230,723
216,344
230,000
309,134
222,374
212,855
313,383
189,484
230,437
170,575
185,481
185,481170,575230,437189,484313,383212,855222,374309,134230,000216,344230,723241,807170,831207,835289,231267,085222,458195,0221781956,6678,393
   > Long-term Assets 
0
0
217
208
251,340
251,287
232,376
221,703
251,521
209,478
236,430
270,751
359,719
449,702
435,278
410,715
426,627
364,729
358,103
392,972
433,662
388,938
388,938433,662392,972358,103364,729426,627410,715435,278449,702359,719270,751236,430209,478251,521221,703232,376251,287251,34020821700
       Property Plant Equipment 
113,043
116,457
557
104
108,468
102,532
88,132
65,339
62,641
54,181
56,182
58,048
59,405
67,138
65,911
92,567
103,935
105,331
108,780
135,469
123,474
126,886
126,886123,474135,469108,780105,331103,93592,56765,91167,13859,40558,04856,18254,18162,64165,33988,132102,532108,468104557116,457113,043
       Goodwill 
131,669
42,974
31
32
138,316
60,954
48,458
48,155
72,809
32,265
52,891
43,921
68,809
145,705
143,774
132,387
124,256
105,385
105,612
105,612
105,612
105,612
105,612105,612105,612105,612105,385124,256132,387143,774145,70568,80943,92152,89132,26572,80948,15548,45860,954138,316323142,974131,669
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
11,824
14,360
9,031
14,460
7,906
19,105
43,288
0
0
0043,28819,1057,90614,4609,03114,36011,8240000000000000
       Intangible Assets 
134,026
43,418
57
55
-13,472
67,422
76,111
80,927
75,742
59,638
67,951
83,585
132,164
203,586
183,203
128,102
151,531
126,724
47,397
44,469
28,953
17,427
17,42728,95344,46947,397126,724151,531128,102183,203203,586132,16483,58567,95159,63875,74280,92776,11167,422-13,472555743,418134,026
       Long-term Assets Other 
0
0
-436
5
5,967
4,441
3,956
3,801
5,628
29,352
17,664
28,434
37,393
-29,060
-25,829
-20,372
-42,195
-42,570
122,526
28,766
9,046
9,614
9,6149,04628,766122,526-42,570-42,195-20,372-25,829-29,06037,39328,43417,66429,3525,6283,8013,9564,4415,9675-43600
> Total Liabilities 
453,454
404,932
260
236
281,146
302,107
314,672
366,748
317,551
228,210
359,108
353,864
383,829
468,456
480,823
528,663
543,744
471,482
412,257
433,526
321,096
369,435
369,435321,096433,526412,257471,482543,744528,663480,823468,456383,829353,864359,108228,210317,551366,748314,672302,107281,146236260404,932453,454
   > Total Current Liabilities 
382,348
324,315
244
214
249,533
274,403
292,587
344,922
294,851
200,131
325,815
321,728
357,884
401,003
416,257
441,835
456,922
396,637
320,412
316,266
197,054
251,211
251,211197,054316,266320,412396,637456,922441,835416,257401,003357,884321,728325,815200,131294,851344,922292,587274,403249,533214244324,315382,348
       Short-term Debt 
0
0
20
10
31,940
56,967
74,201
109,983
89,266
10,509
26,682
8,284
5,407
15,239
26,383
12,124
13,585
10,686
8,186
12,469
9,273
10,218
10,2189,27312,4698,18610,68613,58512,12426,38315,2395,4078,28426,68210,50989,266109,98374,20156,96731,940102000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
67,934
7,130
10,000
13,585
10,686
8,186
12,469
2,086
2,000
2,0002,08612,4698,18610,68613,58510,0007,13067,9340000000000000
       Accounts payable 
107,052
76,296
60
57
83,326
66,063
69,378
87,327
67,135
67,852
125,353
110,791
127,528
114,133
109,091
139,504
135,127
102,943
105,148
128,914
70,299
113,979
113,97970,299128,914105,148102,943135,127139,504109,091114,133127,528110,791125,35367,85267,13587,32769,37866,06383,326576076,296107,052
       Other Current Liabilities 
178,592
168,655
164
148
134,267
151,373
149,008
147,612
138,450
121,770
173,780
202,653
224,949
271,631
280,783
290,207
308,210
283,008
195,708
164,990
110,004
122,051
122,051110,004164,990195,708283,008308,210290,207280,783271,631224,949202,653173,780121,770138,450147,612149,008151,373134,267148164168,655178,592
   > Long-term Liabilities 
0
0
16
22
31,613
27,704
22,085
21,826
22,700
28,079
33,293
32,136
25,945
67,453
64,566
86,828
86,822
74,845
91,845
117,260
124,042
118,224
118,224124,042117,26091,84574,84586,82286,82864,56667,45325,94532,13633,29328,07922,70021,82622,08527,70431,613221600
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
66,811
41,036
29,882
40,225
0
0
0040,22529,88241,03666,8110000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
-20
-10
-31,940
-56,967
-74,201
-109,983
-89,266
-10,509
-26,682
-8,284
-5,407
-15,239
-26,383
-12,124
-13,585
-10,686
-8,186
-12,469
15,656
16,264
16,26415,656-12,469-8,186-10,686-13,585-12,124-26,383-15,239-5,407-8,284-26,682-10,509-89,266-109,983-74,201-56,967-31,940-10-2000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,532
4,245
1
1
0
0
00114,2458,5320000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
80,044
71,351
22,846
0
0
0
0
0
0
00000022,84671,35180,0440000000000000
> Total Stockholder Equity
448,437
349,406
373
385
398,845
416,906
412,871
421,604
403,170
344,264
395,590
460,703
538,050
574,943
587,415
597,739
590,243
579,449
633,267
700,060
659,309
693,783
693,783659,309700,060633,267579,449590,243597,739587,415574,943538,050460,703395,590344,264403,170421,604412,871416,906398,845385373349,406448,437
   Common Stock
53,063
53,065
53,065
53,073
53,286
418,083
54,039
54,168
54,169
185,319
54,169
54,532
54,631
55,533
55,572
55,648
55,823
55,857
55,869
55,876
55,879
56,296
56,29655,87955,87655,86955,85755,82355,64855,57255,53354,63154,53254,169185,31954,16954,16854,039418,08353,28653,07353,06553,06553,063
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 0-143,630-141,392-131,231-132,336-135,025-133,262-121,977-159,592-149,091-151,32100000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
145,653
146,051
146,171
146,524
0
0
00146,524146,171146,051145,6530000000000000000
   Treasury Stock00-29,334-35,762-42,205-47,787-54,443-53,985-44,250-45,641-45,641-45,641-45,641-45,641-44,421-33,0520-15,2500000
   Other Stockholders Equity 
0
0
0
0
83,217
0
0
0
0
-79,597
59,255
0
205,403
211,632
180,998
204,427
216,816
198,875
206,822
231,097
211,967
109,704
109,704211,967231,097206,822198,875216,816204,427180,998211,632205,403059,255-79,597000083,2170000



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.