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Ceconomy AG
Buy or Sell?

Welcome Invester! I guess you are interested in Ceconomy AG. 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 start. I'm going to help you getting a better view of Ceconomy AG. 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 Ceconomy AG 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 Ceconomy AG is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Ceconomy AG. The closing price on 2022-09-29 was €1.117 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.
Ceconomy AG Daily Candlestick Chart


Summary

Financial Health

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

1.1. Profitability of Ceconomy AG.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Ceconomy to the Specialty Retail 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 Ceconomy AG:

  • The MRQ is -2.0%. The company is making a loss. -1
  • The TTM is 0.0%. The company is not making a profit/loss.
Trends
Current periodCompared to+/- 
MRQ-2.0%TTM0.0%-2.1%
TTM0.0%YOY0.7%-0.7%
TTM0.0%5Y0.3%-0.2%
5Y0.3%10Y0.5%-0.3%
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.0%2.7%-4.7%
TTM0.0%1.8%-1.8%
YOY0.7%2.3%-1.6%
5Y0.3%1.7%-1.4%
10Y0.5%2.2%-1.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Ceconomy to the Specialty Retail industry mean.
  • 0.0% Return on Assets means that Ceconomy generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ceconomy AG:

  • The MRQ is -1.0%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 0.0%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-1.0%TTM0.0%-1.0%
TTM0.0%YOY0.4%-0.4%
TTM0.0%5Y0.3%-0.2%
5Y0.3%10Y0.3%0.0%
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.0%1.1%-2.1%
TTM0.0%1.1%-1.1%
YOY0.4%1.0%-0.6%
5Y0.3%0.7%-0.4%
10Y0.3%0.8%-0.5%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Ceconomy to the Specialty Retail industry mean.
  • -23.3% Return on Equity means the company generated €-0.23 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ceconomy AG:

  • The MRQ is -23.3%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -1.3%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-23.3%TTM-1.3%-22.0%
TTM-1.3%YOY6.9%-8.2%
TTM-1.3%5Y1.3%-2.6%
5Y1.3%10Y1.4%-0.1%
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ-23.3%2.7%-26.0%
TTM-1.3%2.6%-3.9%
YOY6.9%2.3%+4.6%
5Y1.3%1.9%-0.6%
10Y1.4%1.9%-0.5%

1.2. Operating Efficiency of Ceconomy AG.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ceconomy is operating .

  • Measures how much profit Ceconomy 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 Ceconomy to the Specialty Retail industry mean.
  • An Operating Margin of -3.3% means the company generated €-0.03  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ceconomy AG:

  • The MRQ is -3.3%. The company is operating very inefficient. -2
  • The TTM is 0.3%. The company is operating inefficient. -1
Trends
Current periodCompared to+/- 
MRQ-3.3%TTM0.3%-3.6%
TTM0.3%YOY1.1%-0.8%
TTM0.3%5Y0.8%-0.4%
5Y0.8%10Y1.4%-0.6%
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.3%3.7%-7.0%
TTM0.3%2.0%-1.7%
YOY1.1%3.6%-2.5%
5Y0.8%3.1%-2.3%
10Y1.4%2.8%-1.4%
1.2.2. Operating Ratio

Measures how efficient Ceconomy is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Retail industry mean).
  • An Operation Ratio of 102.7% means that the operating costs are €1.03for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Ceconomy AG:

  • The MRQ is 1.027. The company is inefficient in keeping operating costs low. -1
  • The TTM is 0.994. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ1.027TTM0.994+0.032
TTM0.994YOY1.001-0.007
TTM0.9945Y0.993+0.001
5Y0.99310Y0.992+0.001
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0271.422-0.395
TTM0.9941.061-0.067
YOY1.0010.988+0.013
5Y0.9931.004-0.011
10Y0.9920.983+0.009

1.3. Liquidity of Ceconomy AG.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Specialty Retail industry mean).
  • A Current Ratio of 91.2% means the company has €0.91 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Ceconomy AG:

  • The MRQ is 0.912. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.938. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.912TTM0.938-0.026
TTM0.938YOY0.905+0.033
TTM0.9385Y0.927+0.011
5Y0.92710Y0.895+0.032
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9121.300-0.388
TTM0.9381.351-0.413
YOY0.9051.263-0.358
5Y0.9271.304-0.377
10Y0.8951.281-0.386
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy (always compare to Specialty Retail industry mean)
  • A Quick Ratio of 37.6% means the company can pay off €0.38 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ceconomy AG:

  • The MRQ is 0.376. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.496. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.376TTM0.496-0.119
TTM0.496YOY0.370+0.125
TTM0.4965Y0.501-0.005
5Y0.50110Y0.491+0.010
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3760.364+0.012
TTM0.4960.404+0.092
YOY0.3700.454-0.084
5Y0.5010.426+0.075
10Y0.4910.435+0.056

1.4. Solvency of Ceconomy AG.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy (always compare to Specialty Retail industry mean).
  • A Debt to Asset Ratio of 0.96 means that Ceconomy assets are financed with 95.7% credit (debt) and the remaining percentage (100% - 95.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Ceconomy AG:

  • The MRQ is 0.957. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.938. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.957TTM0.938+0.019
TTM0.938YOY0.936+0.002
TTM0.9385Y0.930+0.008
5Y0.93010Y0.887+0.043
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9570.593+0.364
TTM0.9380.611+0.327
YOY0.9360.644+0.292
5Y0.9300.601+0.329
10Y0.8870.581+0.306
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy (always compare to Specialty Retail industry mean).
  • A Debt to Equity ratio of 2,234.6% means that company has €22.35 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ceconomy AG:

  • The MRQ is 22.346. The company is just not able to pay all its debts with equity. -1
  • The TTM is 16.494. The company is just not able to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ22.346TTM16.494+5.852
TTM16.494YOY16.853-0.358
TTM16.4945Y14.732+1.762
5Y14.73210Y9.518+5.214
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ22.3461.433+20.913
TTM16.4941.483+15.011
YOY16.8531.757+15.096
5Y14.7321.512+13.220
10Y9.5181.461+8.057

2. Market Valuation of Ceconomy AG

2. Earnings
2.1. Price to Earnings Ratio

Measures how many years it takes to double your invested money in Ceconomy.

  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 16.53 means the investor is paying €16.53 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ceconomy AG:

  • The EOD is 6.942. Very good. +2
  • The MRQ is 16.531. Neutral. Compare to industry.
  • The TTM is 11.385. Good. +1
Trends
Current periodCompared to+/- 
EOD6.942MRQ16.531-9.589
MRQ16.531TTM11.385+5.146
TTM11.385YOY1.262+10.123
TTM11.3855Y5.080+6.305
5Y5.08010Y20.548-15.468
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
EOD6.9427.364-0.422
MRQ16.5318.462+8.069
TTM11.38510.479+0.906
YOY1.2627.882-6.620
5Y5.08010.883-5.803
10Y20.54812.362+8.186
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Ceconomy.

  • Lower is better
  • A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of Ceconomy AG:

  • The MRQ is -0.241. Very Bad. -2
  • The TTM is -0.159. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ-0.241TTM-0.159-0.082
TTM-0.159YOY-0.010-0.149
TTM-0.1595Y0.167-0.326
5Y0.16710Y-0.081+0.248
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.2410.035-0.276
TTM-0.1590.034-0.193
YOY-0.0100.007-0.017
5Y0.167-0.008+0.175
10Y-0.081-0.009-0.072

2. Books
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Specialty Retail industry mean).
  • A PB ratio of 2.55 means the investor is paying €2.55 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Ceconomy AG:

  • The EOD is 1.071. Good. +1
  • The MRQ is 2.549. Good. +1
  • The TTM is 1.899. Good. +1
Trends
Current periodCompared to+/- 
EOD1.071MRQ2.549-1.479
MRQ2.549TTM1.899+0.651
TTM1.899YOY2.451-0.552
TTM1.8995Y2.750-0.852
5Y2.75010Y1.447+1.303
Compared to industry (Specialty Retail)
PeriodCompanyIndustry (mean)+/- 
EOD1.0711.645-0.574
MRQ2.5491.855+0.694
TTM1.8992.542-0.643
YOY2.4512.044+0.407
5Y2.7502.007+0.743
10Y1.4471.884-0.437

2.4. Latest News of Ceconomy AG

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

DateTitleRead
2022-09-06
15:21
Franz Haniel & Cie. GmbH -- Moody's affirms Haniel's Baa3 rating; outlook stableRead

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ceconomy AG compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Per Share--1.0431.893-45%1.953-47%1.987-48%7.708-86%
Current Ratio--0.9120.938-3%0.905+1%0.927-2%0.895+2%
Debt To Asset Ratio--0.9570.938+2%0.936+2%0.930+3%0.887+8%
Debt To Equity Ratio--22.34616.494+35%16.853+33%14.732+52%9.518+135%
Eps---0.2400.040-697%0.128-287%0.052-566%0.206-217%
Gross Profit Margin--9.51611.106-14%0.548+1635%2.374+301%6.984+36%
Net Profit Margin---0.0200.000-6133%0.007-385%0.003-865%0.005-491%
Operating Margin---0.0330.003-1085%0.011-401%0.008-524%0.014-338%
Operating Ratio--1.0270.994+3%1.001+3%0.993+3%0.992+3%
Pb Ratio1.071-138%2.5491.899+34%2.451+4%2.750-7%1.447+76%
Pe Ratio6.942-138%16.53111.385+45%1.262+1209%5.080+225%20.548-20%
Peg Ratio---0.241-0.159-34%-0.010-96%0.167-244%-0.081-66%
Price Per Share1.117-138%2.6603.402-22%4.731-44%5.320-50%6.967-62%
Quick Ratio--0.3760.496-24%0.370+2%0.501-25%0.491-23%
Return On Assets---0.0100.000-2969%0.004-359%0.003-474%0.003-425%
Return On Equity---0.233-0.013-94%0.069-439%0.013-1879%0.014-1716%
 EOD+3 -0MRQTTM+2 -14YOY+5 -115Y+4 -1210Y+5 -11

3.2. Fundamental Score

Let's check the fundamental score of Ceconomy AG based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-156.942
Price to Book Ratio (EOD)Between0-11.071
Net Profit Margin (MRQ)Greater than0-0.020
Operating Margin (MRQ)Greater than0-0.033
Quick Ratio (MRQ)Greater than10.376
Current Ratio (MRQ)Greater than10.912
Debt to Asset Ratio (MRQ)Less than10.957
Debt to Equity Ratio (MRQ)Less than122.346
Return on Equity (MRQ)Greater than0.15-0.233
Return on Assets (MRQ)Greater than0.05-0.010
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Ceconomy AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5025.994
Ma 20Greater thanMa 501.350
Ma 50Greater thanMa 1001.577
Ma 100Greater thanMa 2002.184
OpenGreater thanClose1.153
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets9,508,000
Total Liabilities9,095,000
Total Stockholder Equity407,000
 As reported
Total Liabilities 9,095,000
Total Stockholder Equity+ 407,000
Total Assets = 9,508,000

Assets

Total Assets9,508,000
Total Current Assets5,862,000
Long-term Assets5,862,000
Total Current Assets
Cash And Cash Equivalents 451,000
Short-term Investments 166,000
Net Receivables 1,638,000
Inventory 3,378,000
Total Current Assets  (as reported)5,862,000
Total Current Assets  (calculated)5,633,000
+/- 229,000
Long-term Assets
Property Plant Equipment 2,369,000
Goodwill 524,000
Intangible Assets 142,000
Long-term Assets Other 173,000
Long-term Assets  (as reported)3,646,000
Long-term Assets  (calculated)3,208,000
+/- 438,000

Liabilities & Shareholders' Equity

Total Current Liabilities6,431,000
Long-term Liabilities2,664,000
Total Stockholder Equity407,000
Total Current Liabilities
Short-term Debt 713,000
Accounts payable 4,890,000
Other Current Liabilities 828,000
Total Current Liabilities  (as reported)6,431,000
Total Current Liabilities  (calculated)6,431,000
+/-0
Long-term Liabilities
Other Liabilities 468,000
Long-term Liabilities  (as reported)2,664,000
Long-term Liabilities  (calculated)468,000
+/- 2,196,000
Total Stockholder Equity
Common Stock1,240,000
Retained Earnings -1,222,000
Other Stockholders Equity 389,000
Total Stockholder Equity (as reported)407,000
Total Stockholder Equity (calculated)407,000
+/-0
Other
Capital Stock1,240,000
Cash and Short Term Investments 617,000
Common Stock Shares Outstanding 395,833
Liabilities and Stockholders Equity 9,502,000
Net Debt 2,464,000
Net Invested Capital 407,000
Net Tangible Assets -259,000
Net Working Capital -569,000
Short Long Term Debt Total 2,915,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-06-30
> Total Assets 
0
0
30,304,000
0
33,667,000
31,033,000
30,811,000
30,636,000
35,067,000
31,233,000
30,823,000
31,316,000
33,987,000
32,044,000
31,396,000
31,581,000
34,766,000
31,779,000
29,686,000
32,788,000
28,140,000
28,718,000
28,004,000
31,631,000
28,711,000
27,489,000
27,656,000
30,257,000
25,522,000
25,217,000
24,952,000
29,207,000
25,796,000
25,055,000
8,280,000
11,448,000
8,556,000
8,455,000
8,475,000
10,973,000
8,696,000
8,093,000
8,103,000
13,272,000
11,660,000
9,355,000
10,455,000
12,813,000
10,076,000
10,429,000
10,667,000
12,835,000
10,203,000
9,508,000
9,508,00010,203,00012,835,00010,667,00010,429,00010,076,00012,813,00010,455,0009,355,00011,660,00013,272,0008,103,0008,093,0008,696,00010,973,0008,475,0008,455,0008,556,00011,448,0008,280,00025,055,00025,796,00029,207,00024,952,00025,217,00025,522,00030,257,00027,656,00027,489,00028,711,00031,631,00028,004,00028,718,00028,140,00032,788,00029,686,00031,779,00034,766,00031,581,00031,396,00032,044,00033,987,00031,316,00030,823,00031,233,00035,067,00030,636,00030,811,00031,033,00033,667,000030,304,00000
   > Total Current Assets 
0
0
11,606,000
0
15,203,000
12,411,000
12,116,000
12,041,000
16,155,000
12,551,000
12,083,000
12,538,000
15,165,000
13,228,000
13,010,000
13,046,000
17,479,000
14,626,000
12,923,000
16,222,000
12,030,000
12,816,000
12,432,000
16,713,000
14,025,000
14,729,000
14,449,000
17,104,000
12,526,000
12,024,000
11,583,000
16,014,000
24,156,000
23,441,000
6,136,000
9,327,000
6,411,000
6,362,000
6,193,000
8,723,000
6,420,000
5,820,000
5,870,000
8,861,000
7,687,000
5,497,000
6,598,000
9,079,000
6,172,000
6,558,000
6,764,000
9,047,000
6,492,000
5,862,000
5,862,0006,492,0009,047,0006,764,0006,558,0006,172,0009,079,0006,598,0005,497,0007,687,0008,861,0005,870,0005,820,0006,420,0008,723,0006,193,0006,362,0006,411,0009,327,0006,136,00023,441,00024,156,00016,014,00011,583,00012,024,00012,526,00017,104,00014,449,00014,729,00014,025,00016,713,00012,432,00012,816,00012,030,00016,222,00012,923,00014,626,00017,479,00013,046,00013,010,00013,228,00015,165,00012,538,00012,083,00012,551,00016,155,00012,041,00012,116,00012,411,00015,203,000011,606,00000
       Cash And Cash Equivalents 
0
0
1,751,000
0
3,996,000
2,107,000
1,741,000
1,805,000
4,799,000
1,690,000
1,692,000
2,024,000
3,355,000
1,958,000
1,768,000
2,075,000
5,299,000
2,702,000
2,209,000
4,654,000
2,074,000
2,357,000
2,406,000
4,884,000
3,009,000
1,691,000
4,415,000
4,711,000
2,209,000
1,594,000
2,368,000
4,137,000
1,032,000
746,000
862,000
2,324,000
863,000
854,000
1,114,000
2,235,000
1,047,000
864,000
1,132,000
2,548,000
2,424,000
933,000
1,484,000
2,610,000
901,000
1,525,000
1,582,000
2,282,000
711,000
451,000
451,000711,0002,282,0001,582,0001,525,000901,0002,610,0001,484,000933,0002,424,0002,548,0001,132,000864,0001,047,0002,235,0001,114,000854,000863,0002,324,000862,000746,0001,032,0004,137,0002,368,0001,594,0002,209,0004,711,0004,415,0001,691,0003,009,0004,884,0002,406,0002,357,0002,074,0004,654,0002,209,0002,702,0005,299,0002,075,0001,768,0001,958,0003,355,0002,024,0001,692,0001,690,0004,799,0001,805,0001,741,0002,107,0003,996,00001,751,00000
       Short-term Investments 
0
0
5,000
0
38,000
38,000
38,000
38,000
3,000
3,000
48,000
3,000
119,000
0
0
2,947,000
777,000
2,730,000
2,843,000
3,529,000
2,732,000
3,051,000
650,000
3,596,000
3,027,000
3,262,000
1,236,000
4,726,000
3,350,000
3,420,000
461,000
4,095,000
1,439,000
1,352,000
735,000
753,000
623,000
527,000
427,000
635,000
457,000
155,000
65,000
248,000
69,000
65,000
151,000
213,000
97,000
105,000
276,000
692,000
256,000
166,000
166,000256,000692,000276,000105,00097,000213,000151,00065,00069,000248,00065,000155,000457,000635,000427,000527,000623,000753,000735,0001,352,0001,439,0004,095,000461,0003,420,0003,350,0004,726,0001,236,0003,262,0003,027,0003,596,000650,0003,051,0002,732,0003,529,0002,843,0002,730,000777,0002,947,00000119,0003,00048,0003,0003,00038,00038,00038,00038,00005,00000
       Net Receivables 
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
1,072,000
561,000
511,000
1,917,000
2,493,000
1,786,000
1,833,000
2,119,000
2,441,000
1,746,000
530,000
2,009,000
2,530,000
1,975,000
1,526,000
488,000
493,000
1,605,000
1,320,000
1,737,000
2,222,000
1,842,000
1,638,000
1,638,0001,842,0002,222,0001,737,0001,320,0001,605,000493,000488,0001,526,0001,975,0002,530,0002,009,000530,0001,746,0002,441,0002,119,0001,833,0001,786,0002,493,0001,917,000511,000561,0001,072,0000000000000000000000000000000000
       Other Current Assets 
0
0
3,353,000
0
4,059,000
3,258,000
3,506,000
3,560,000
3,895,000
3,585,000
3,527,000
3,627,000
4,083,000
3,836,000
4,368,000
1,425,000
4,577,000
2,560,000
1,625,000
1,196,000
877,000
1,143,000
3,430,000
1,463,000
1,401,000
3,879,000
3,360,000
1,039,000
958,000
994,000
3,299,000
1,072,000
18,729,000
18,450,000
1,986,000
2,709,000
1,953,000
2,162,000
2,172,000
2,624,000
2,007,000
1,999,000
2,125,000
2,717,000
2,033,000
1,719,000
2,014,000
2,588,000
1,662,000
1,489,000
1,795,000
2,462,000
1,907,000
1,867,000
1,867,0001,907,0002,462,0001,795,0001,489,0001,662,0002,588,0002,014,0001,719,0002,033,0002,717,0002,125,0001,999,0002,007,0002,624,0002,172,0002,162,0001,953,0002,709,0001,986,00018,450,00018,729,0001,072,0003,299,000994,000958,0001,039,0003,360,0003,879,0001,401,0001,463,0003,430,0001,143,000877,0001,196,0001,625,0002,560,0004,577,0001,425,0004,368,0003,836,0004,083,0003,627,0003,527,0003,585,0003,895,0003,560,0003,506,0003,258,0004,059,00003,353,00000
   > Long-term Assets 
0
0
18,698,000
0
18,464,000
18,622,000
18,695,000
18,595,000
18,912,000
18,682,000
18,740,000
18,778,000
18,822,000
18,816,000
18,386,000
18,535,000
17,287,000
17,153,000
16,763,000
16,566,000
16,110,000
15,902,000
15,572,000
14,918,000
14,686,000
12,760,000
13,207,000
13,153,000
12,996,000
13,193,000
13,369,000
13,193,000
1,640,000
1,614,000
2,144,000
2,121,000
2,145,000
2,093,000
2,282,000
2,250,000
2,276,000
2,273,000
2,233,000
4,411,000
3,973,000
3,858,000
3,857,000
3,734,000
3,904,000
3,871,000
3,903,000
3,788,000
3,710,000
3,646,000
3,646,0003,710,0003,788,0003,903,0003,871,0003,904,0003,734,0003,857,0003,858,0003,973,0004,411,0002,233,0002,273,0002,276,0002,250,0002,282,0002,093,0002,145,0002,121,0002,144,0001,614,0001,640,00013,193,00013,369,00013,193,00012,996,00013,153,00013,207,00012,760,00014,686,00014,918,00015,572,00015,902,00016,110,00016,566,00016,763,00017,153,00017,287,00018,535,00018,386,00018,816,00018,822,00018,778,00018,740,00018,682,00018,912,00018,595,00018,695,00018,622,00018,464,000018,698,00000
       Property Plant Equipment 
0
0
12,233,000
0
12,244,000
12,347,000
12,446,000
12,357,000
12,482,000
12,276,000
12,415,000
12,334,000
12,661,000
12,603,000
12,205,000
12,202,000
11,323,000
11,116,000
10,770,000
10,608,000
10,279,000
10,164,000
10,024,000
9,445,000
9,577,000
8,039,000
7,955,000
7,946,000
7,848,000
7,930,000
8,142,000
8,095,000
855,000
840,000
859,000
850,000
850,000
817,000
809,000
788,000
762,000
732,000
737,000
2,869,000
2,745,000
2,596,000
2,587,000
2,473,000
2,425,000
2,407,000
2,440,000
2,387,000
2,371,000
2,369,000
2,369,0002,371,0002,387,0002,440,0002,407,0002,425,0002,473,0002,587,0002,596,0002,745,0002,869,000737,000732,000762,000788,000809,000817,000850,000850,000859,000840,000855,0008,095,0008,142,0007,930,0007,848,0007,946,0007,955,0008,039,0009,577,0009,445,00010,024,00010,164,00010,279,00010,608,00010,770,00011,116,00011,323,00012,202,00012,205,00012,603,00012,661,00012,334,00012,415,00012,276,00012,482,00012,357,00012,446,00012,347,00012,244,000012,233,00000
       Goodwill 
0
0
0
0
3,992,000
4,012,000
0
4,007,000
4,064,000
4,061,000
4,062,000
4,126,000
4,045,000
4,063,000
4,006,000
4,022,000
3,780,000
3,778,000
3,778,000
3,765,000
3,671,000
3,671,000
3,671,000
3,645,000
3,193,000
3,121,000
3,302,000
3,310,000
3,322,000
3,372,000
3,361,000
3,361,000
515,000
525,000
531,000
531,000
531,000
531,000
525,000
525,000
525,000
523,000
524,000
524,000
524,000
524,000
524,000
524,000
524,000
524,000
524,000
524,000
524,000
524,000
524,000524,000524,000524,000524,000524,000524,000524,000524,000524,000524,000524,000523,000525,000525,000525,000531,000531,000531,000531,000525,000515,0003,361,0003,361,0003,372,0003,322,0003,310,0003,302,0003,121,0003,193,0003,645,0003,671,0003,671,0003,671,0003,765,0003,778,0003,778,0003,780,0004,022,0004,006,0004,063,0004,045,0004,126,0004,062,0004,061,0004,064,0004,007,00004,012,0003,992,0000000
       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
559,000
83,000
48,000
601,000
591,000
607,000
592,000
753,000
744,000
793,000
806,000
778,000
847,000
0
0
0
0
0
0
0
0
0
0
0000000000847,000778,000806,000793,000744,000753,000592,000607,000591,000601,00048,00083,000559,0000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
497,000
483,000
0
448,000
436,000
422,000
417,000
462,000
454,000
434,000
433,000
418,000
407,000
397,000
389,000
376,000
365,000
367,000
380,000
370,000
373,000
335,000
465,000
460,000
467,000
510,000
497,000
505,000
90,000
100,000
101,000
103,000
105,000
102,000
125,000
121,000
115,000
114,000
115,000
115,000
117,000
118,000
102,000
103,000
109,000
118,000
125,000
127,000
135,000
142,000
142,000135,000127,000125,000118,000109,000103,000102,000118,000117,000115,000115,000114,000115,000121,000125,000102,000105,000103,000101,000100,00090,000505,000497,000510,000467,000460,000465,000335,000373,000370,000380,000367,000365,000376,000389,000397,000407,000418,000433,000434,000454,000462,000417,000422,000436,000448,0000483,000497,0000000
       Other 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
673,000
98,000
100,000
54,000
46,000
52,000
51,000
71,000
73,000
80,000
79,000
80,000
56,000
73,000
71,000
95,000
71,000
97,000
107,000
106,000
100,000
7,421,000
99,000
99,0007,421,000100,000106,000107,00097,00071,00095,00071,00073,00056,00080,00079,00080,00073,00071,00051,00052,00046,00054,000100,00098,000673,0000000000000000000000000000000000
> Total Liabilities 
0
0
24,759,000
0
27,675,000
24,936,000
25,000,000
24,801,000
28,607,000
24,830,000
24,848,000
25,265,000
27,550,000
25,602,000
25,485,000
25,522,000
28,665,000
26,095,000
24,399,000
27,090,000
22,912,000
23,674,000
23,005,000
26,570,000
24,247,000
22,795,000
22,484,000
24,543,000
20,270,000
20,014,000
19,620,000
23,547,000
28,513,000
25,499,000
7,613,000
10,698,000
7,888,000
8,031,000
7,810,000
10,171,000
7,889,000
7,349,000
7,319,000
12,228,000
10,987,000
8,824,000
9,907,000
12,089,000
9,264,000
9,734,000
9,910,000
11,976,000
9,518,000
9,095,000
9,095,0009,518,00011,976,0009,910,0009,734,0009,264,00012,089,0009,907,0008,824,00010,987,00012,228,0007,319,0007,349,0007,889,00010,171,0007,810,0008,031,0007,888,00010,698,0007,613,00025,499,00028,513,00023,547,00019,620,00020,014,00020,270,00024,543,00022,484,00022,795,00024,247,00026,570,00023,005,00023,674,00022,912,00027,090,00024,399,00026,095,00028,665,00025,522,00025,485,00025,602,00027,550,00025,265,00024,848,00024,830,00028,607,00024,801,00025,000,00024,936,00027,675,000024,759,00000
   > Total Current Liabilities 
0
0
16,044,000
0
18,569,000
15,039,000
16,176,000
16,013,000
19,617,000
16,316,000
16,461,000
16,829,000
19,296,000
16,437,000
16,446,000
16,231,000
20,072,000
17,218,000
15,605,000
19,037,000
15,874,000
16,607,000
16,084,000
19,150,000
16,473,000
16,275,000
15,643,000
17,716,000
14,228,000
13,888,000
13,670,000
17,758,000
27,411,000
24,401,000
6,551,000
9,640,000
6,831,000
6,980,000
6,784,000
8,978,000
6,694,000
6,175,000
6,277,000
9,588,000
8,493,000
6,388,000
7,435,000
9,684,000
7,101,000
7,081,000
7,224,000
9,348,000
6,940,000
6,431,000
6,431,0006,940,0009,348,0007,224,0007,081,0007,101,0009,684,0007,435,0006,388,0008,493,0009,588,0006,277,0006,175,0006,694,0008,978,0006,784,0006,980,0006,831,0009,640,0006,551,00024,401,00027,411,00017,758,00013,670,00013,888,00014,228,00017,716,00015,643,00016,275,00016,473,00019,150,00016,084,00016,607,00015,874,00019,037,00015,605,00017,218,00020,072,00016,231,00016,446,00016,437,00019,296,00016,829,00016,461,00016,316,00019,617,00016,013,00016,176,00015,039,00018,569,000016,044,00000
       Short-term Debt 
0
0
5,000
0
38,000
38,000
3,634,000
38,000
3,000
3,000
48,000
3,000
119,000
2,459,000
3,192,000
2,762,000
1,814,000
2,619,000
2,025,000
1,249,000
2,971,000
3,559,000
2,615,000
1,564,000
2,767,000
2,563,000
2,635,000
892,000
1,687,000
1,511,000
947,000
1,006,000
18,000
8,000
266,000
329,000
370,000
429,000
153,000
635,000
160,000
150,000
10,000
791,000
1,812,000
723,000
572,000
566,000
799,000
1,015,000
756,000
749,000
565,000
713,000
713,000565,000749,000756,0001,015,000799,000566,000572,000723,0001,812,000791,00010,000150,000160,000635,000153,000429,000370,000329,000266,0008,00018,0001,006,000947,0001,511,0001,687,000892,0002,635,0002,563,0002,767,0001,564,0002,615,0003,559,0002,971,0001,249,0002,025,0002,619,0001,814,0002,762,0003,192,0002,459,000119,0003,00048,0003,0003,00038,0003,634,00038,00038,00005,00000
       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
4,797,000
285,000
274,000
263,000
329,000
370,000
429,000
147,000
16,000
160,000
150,000
2,000
477,000
0
0
31,000
0
0
0
242,000
0
0
0
000242,00000031,00000477,0002,000150,000160,00016,000147,000429,000370,000329,000263,000274,000285,0004,797,0000000000000000000000000000000000
       Accounts payable 
0
0
9,641,000
0
0
10,482,000
9,799,000
9,840,000
0
10,285,000
9,486,000
10,146,000
14,267,000
10,729,000
10,150,000
10,430,000
13,513,000
10,425,000
9,768,000
13,788,000
9,740,000
9,845,000
9,930,000
13,742,000
10,350,000
9,398,000
9,550,000
13,387,000
9,547,000
9,243,000
9,383,000
13,104,000
5,056,000
4,835,000
4,929,000
7,830,000
5,159,000
5,151,000
5,277,000
7,624,000
5,346,000
4,794,000
5,321,000
7,857,000
5,835,000
4,557,000
5,996,000
8,109,000
5,310,000
5,052,000
5,470,000
7,653,000
5,588,000
4,890,000
4,890,0005,588,0007,653,0005,470,0005,052,0005,310,0008,109,0005,996,0004,557,0005,835,0007,857,0005,321,0004,794,0005,346,0007,624,0005,277,0005,151,0005,159,0007,830,0004,929,0004,835,0005,056,00013,104,0009,383,0009,243,0009,547,00013,387,0009,550,0009,398,00010,350,00013,742,0009,930,0009,845,0009,740,00013,788,0009,768,00010,425,00013,513,00010,430,00010,150,00010,729,00014,267,00010,146,0009,486,00010,285,00009,840,0009,799,00010,482,000009,641,00000
       Other Current Liabilities 
0
0
6,403,000
0
18,569,000
4,557,000
2,743,000
6,173,000
19,617,000
6,031,000
6,975,000
6,683,000
5,029,000
3,249,000
3,104,000
3,039,000
4,745,000
4,174,000
3,812,000
4,000,000
3,163,000
3,203,000
3,539,000
3,844,000
3,356,000
4,314,000
3,458,000
3,437,000
2,994,000
3,134,000
3,340,000
3,648,000
22,337,000
19,558,000
1,356,000
1,481,000
1,302,000
1,400,000
1,354,000
1,354,000
1,188,000
1,231,000
946,000
940,000
846,000
1,108,000
867,000
1,009,000
992,000
1,014,000
998,000
946,000
787,000
828,000
828,000787,000946,000998,0001,014,000992,0001,009,000867,0001,108,000846,000940,000946,0001,231,0001,188,0001,354,0001,354,0001,400,0001,302,0001,481,0001,356,00019,558,00022,337,0003,648,0003,340,0003,134,0002,994,0003,437,0003,458,0004,314,0003,356,0003,844,0003,539,0003,203,0003,163,0004,000,0003,812,0004,174,0004,745,0003,039,0003,104,0003,249,0005,029,0006,683,0006,975,0006,031,00019,617,0006,173,0002,743,0004,557,00018,569,00006,403,00000
   > Long-term Liabilities 
0
0
8,715,000
0
9,106,000
9,897,000
8,824,000
8,788,000
8,990,000
8,514,000
8,387,000
8,436,000
8,254,000
9,165,000
9,039,000
9,291,000
8,593,000
8,877,000
8,794,000
8,053,000
7,038,000
7,067,000
6,921,000
7,420,000
7,774,000
6,520,000
6,841,000
6,827,000
6,042,000
6,126,000
5,950,000
5,789,000
1,102,000
1,098,000
1,062,000
1,058,000
1,057,000
1,051,000
1,026,000
1,193,000
1,195,000
1,174,000
1,042,000
2,640,000
2,494,000
2,436,000
2,472,000
2,405,000
2,163,000
2,653,000
2,686,000
2,628,000
2,578,000
2,664,000
2,664,0002,578,0002,628,0002,686,0002,653,0002,163,0002,405,0002,472,0002,436,0002,494,0002,640,0001,042,0001,174,0001,195,0001,193,0001,026,0001,051,0001,057,0001,058,0001,062,0001,098,0001,102,0005,789,0005,950,0006,126,0006,042,0006,827,0006,841,0006,520,0007,774,0007,420,0006,921,0007,067,0007,038,0008,053,0008,794,0008,877,0008,593,0009,291,0009,039,0009,165,0008,254,0008,436,0008,387,0008,514,0008,990,0008,788,0008,824,0009,897,0009,106,00008,715,00000
       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
284,000
292,000
1,986,000
1,916,000
1,835,000
1,850,000
1,766,000
1,568,000
2,070,000
2,109,000
2,080,000
0
0
002,080,0002,109,0002,070,0001,568,0001,766,0001,850,0001,835,0001,916,0001,986,000292,000284,00000000000000000000000000000000000000000000
       Other 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
1,998,000
835,000
832,000
784,000
776,000
761,000
756,000
738,000
908,000
869,000
890,000
750,000
655,000
578,000
601,000
622,000
639,000
595,000
583,000
577,000
548,000
502,000
468,000
468,000502,000548,000577,000583,000595,000639,000622,000601,000578,000655,000750,000890,000869,000908,000738,000756,000761,000776,000784,000832,000835,0001,998,0000000000000000000000000000000000
> Total Stockholder Equity
0
0
5,293,000
0
5,754,000
5,873,000
5,575,000
5,582,000
6,308,000
6,285,000
5,858,000
5,944,000
6,364,000
6,399,000
5,882,000
6,024,000
6,024,000
5,648,000
5,277,000
5,649,000
5,214,000
5,047,000
4,988,000
5,032,000
4,439,000
4,707,000
5,179,000
5,699,000
5,236,000
5,206,000
5,320,000
5,638,000
-2,744,000
-466,000
669,000
719,000
627,000
403,000
686,000
784,000
792,000
741,000
762,000
962,000
608,000
494,000
487,000
618,000
742,000
648,000
713,000
789,000
654,000
407,000
407,000654,000789,000713,000648,000742,000618,000487,000494,000608,000962,000762,000741,000792,000784,000686,000403,000627,000719,000669,000-466,000-2,744,0005,638,0005,320,0005,206,0005,236,0005,699,0005,179,0004,707,0004,439,0005,032,0004,988,0005,047,0005,214,0005,649,0005,277,0005,648,0006,024,0006,024,0005,882,0006,399,0006,364,0005,944,0005,858,0006,285,0006,308,0005,582,0005,575,0005,873,0005,754,00005,293,00000
   Common Stock
0
0
835,000
0
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
835,000
919,000
919,000
919,000
919,000
919,000
919,000
919,000
919,000
919,000
919,000
919,000
919,000
919,000
919,000
919,000
1,240,000
1,240,000919,000919,000919,000919,000919,000919,000919,000919,000919,000919,000919,000919,000919,000919,000919,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,000835,0000835,00000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000-2,842,000000-2,208,000000-2,177,000000-2,222,000000-9,688,000000-9,496,000000-10,209,00000000-9,498,000000-9,905,000000-9,400,000000-8,856,0000000
   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
321,000
321,000
321,000
321,000
321,000
321,000
321,000
321,000
321,000
321,000
321,000
0
0
00321,000321,000321,000321,000321,000321,000321,000321,000321,000321,000321,00000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
2,544,000
0
11,400,000
2,544,000
2,544,000
2,544,000
11,944,000
2,544,000
2,544,000
2,544,000
12,449,000
2,544,000
2,544,000
2,544,000
12,042,000
2,551,000
2,551,000
2,551,000
2,551,000
2,551,000
12,760,000
2,551,000
2,551,000
2,551,000
12,047,000
2,551,000
2,551,000
2,551,000
12,239,000
2,551,000
-5,609,000
-3,329,000
2,350,000
128,000
128,000
128,000
2,498,000
321,000
321,000
321,000
2,529,000
321,000
321,000
321,000
3,163,000
321,000
321,000
321,000
321,000
321,000
321,000
389,000
389,000321,000321,000321,000321,000321,000321,0003,163,000321,000321,000321,0002,529,000321,000321,000321,0002,498,000128,000128,000128,0002,350,000-3,329,000-5,609,0002,551,00012,239,0002,551,0002,551,0002,551,00012,047,0002,551,0002,551,0002,551,00012,760,0002,551,0002,551,0002,551,0002,551,0002,551,00012,042,0002,544,0002,544,0002,544,00012,449,0002,544,0002,544,0002,544,00011,944,0002,544,0002,544,0002,544,00011,400,00002,544,00000



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.