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Econocom Group SA/NV
Buy, Hold or Sell?

Should you buy, hold or sell Econocom?

I guess you are interested in Econocom Group SA/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 Econocom

Let's start. I'm going to help you getting a better view of Econocom Group SA/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 Econocom Group SA/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 Econocom Group SA/NV is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Econocom Group SA/NV. The closing price on 2023-02-03 was €2.875 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.
Econocom Group SA/NV Daily Candlestick Chart
Econocom Group SA/NV Daily Candlestick Chart
Summary









1. Valuation of Econocom




Current price per share

€2.88

2. Growth of Econocom




Is Econocom growing?

Current yearPrevious yearGrowGrow %
How rich?$479.4m$510.3m-$30.8m-6.4%

How much money is Econocom making?

Current yearPrevious yearGrowGrow %
Making money$70.6m$50.5m$20.1m28.5%
Net Profit Margin2.6%1.8%--

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

3. Financial Health of Econocom




Comparing to competitors in the Information Technology Services industry




  Industry Rankings (Information Technology Services)  


Richest
#228 / 453

Most Revenue
#90 / 453

Most Profit
#118 / 453

Most Efficient
#242 / 453


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is 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 just 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 Econocom Group SA/NV.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Econocom to the Information Technology Services industry mean.
  • A Net Profit Margin of 2.6% 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 Econocom Group SA/NV:

  • The MRQ is 2.6%. The company is making a profit. +1
  • The TTM is 2.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ2.6%TTM2.6%0.0%
TTM2.6%YOY1.8%+0.8%
TTM2.6%5Y2.1%+0.6%
5Y2.1%10Y2.1%-0.1%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6%3.2%-0.6%
TTM2.6%2.7%-0.1%
YOY1.8%3.4%-1.6%
5Y2.1%2.8%-0.7%
10Y2.1%2.9%-0.8%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Econocom to the Information Technology Services industry mean.
  • 2.8% Return on Assets means that Econocom generated €0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Econocom Group SA/NV:

  • The MRQ is 2.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.8%TTM2.8%0.0%
TTM2.8%YOY1.8%+1.0%
TTM2.8%5Y2.2%+0.6%
5Y2.2%10Y2.5%-0.3%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8%0.9%+1.9%
TTM2.8%1.0%+1.8%
YOY1.8%1.1%+0.7%
5Y2.2%1.0%+1.2%
10Y2.5%1.0%+1.5%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Econocom to the Information Technology Services industry mean.
  • 17.0% Return on Equity means Econocom generated €0.17 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Econocom Group SA/NV:

  • The MRQ is 17.0%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 17.0%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ17.0%TTM17.0%0.0%
TTM17.0%YOY11.5%+5.4%
TTM17.0%5Y14.4%+2.6%
5Y14.4%10Y17.6%-3.2%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ17.0%2.1%+14.9%
TTM17.0%2.4%+14.6%
YOY11.5%2.5%+9.0%
5Y14.4%2.2%+12.2%
10Y17.6%2.2%+15.4%

1.2. Operating Efficiency of Econocom Group SA/NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Econocom is operating .

  • Measures how much profit Econocom 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 Econocom to the Information Technology Services industry mean.
  • An Operating Margin of 4.9% means the company generated €0.05  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Econocom Group SA/NV:

  • The MRQ is 4.9%. The company is operating less efficient.
  • The TTM is 4.9%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ4.9%TTM4.9%0.0%
TTM4.9%YOY4.0%+0.9%
TTM4.9%5Y4.0%+0.8%
5Y4.0%10Y4.1%-0.1%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ4.9%4.2%+0.7%
TTM4.9%4.3%+0.6%
YOY4.0%4.3%-0.3%
5Y4.0%3.7%+0.3%
10Y4.1%3.1%+1.0%
1.2.2. Operating Ratio

Measures how efficient Econocom is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • An Operation Ratio of 0.95 means that the operating costs are €0.95 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Econocom Group SA/NV:

  • The MRQ is 0.950. The company is less efficient in keeping operating costs low.
  • The TTM is 0.950. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.950TTM0.9500.000
TTM0.950YOY0.956-0.005
TTM0.9505Y0.953-0.003
5Y0.95310Y0.951+0.002
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9501.519-0.569
TTM0.9501.320-0.370
YOY0.9561.056-0.100
5Y0.9531.023-0.070
10Y0.9511.008-0.057

1.3. Liquidity of Econocom Group SA/NV.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Information Technology Services industry mean).
  • A Current Ratio of 1.07 means the company has €1.07 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Econocom Group SA/NV:

  • The MRQ is 1.068. The company is just able to pay all its short-term debts.
  • The TTM is 1.068. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.068TTM1.0680.000
TTM1.068YOY1.101-0.033
TTM1.0685Y1.110-0.042
5Y1.11010Y1.061+0.048
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0681.517-0.449
TTM1.0681.495-0.427
YOY1.1011.554-0.453
5Y1.1101.501-0.391
10Y1.0611.363-0.302
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Econocom to the Information Technology Services industry mean.
  • A Quick Ratio of 0.87 means the company can pay off €0.87 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Econocom Group SA/NV:

  • The MRQ is 0.867. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.867. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.867TTM0.8670.000
TTM0.867YOY0.954-0.087
TTM0.8675Y0.960-0.093
5Y0.96010Y0.935+0.024
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8671.012-0.145
TTM0.8671.027-0.160
YOY0.9541.068-0.114
5Y0.9601.029-0.069
10Y0.9350.957-0.022

1.4. Solvency of Econocom Group SA/NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Econocom to Information Technology Services industry mean.
  • A Debt to Asset Ratio of 0.81 means that Econocom assets are financed with 81.0% credit (debt) and the remaining percentage (100% - 81.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Econocom Group SA/NV:

  • The MRQ is 0.810. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.810. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.810TTM0.8100.000
TTM0.810YOY0.822-0.012
TTM0.8105Y0.821-0.011
5Y0.82110Y0.833-0.012
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8100.521+0.289
TTM0.8100.516+0.294
YOY0.8220.514+0.308
5Y0.8210.499+0.322
10Y0.8330.489+0.344
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Econocom to the Information Technology Services industry mean.
  • A Debt to Equity ratio of 490.9% means that company has €4.91 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Econocom Group SA/NV:

  • The MRQ is 4.909. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.909. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.909TTM4.9090.000
TTM4.909YOY5.385-0.476
TTM4.9095Y5.546-0.637
5Y5.54610Y5.943-0.396
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ4.9091.012+3.897
TTM4.9091.020+3.889
YOY5.3850.997+4.388
5Y5.5461.003+4.543
10Y5.9430.970+4.973

2. Market Valuation of Econocom Group SA/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 Econocom generates.

  • Above 15 is considered overpriced but always compare Econocom to the Information Technology Services industry mean.
  • A PE ratio of 12.07 means the investor is paying €12.07 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Econocom Group SA/NV:

  • The EOD is 9.519. Very good. +2
  • The MRQ is 12.068. Very good. +2
  • The TTM is 12.068. Very good. +2
Trends
Current periodCompared to+/- 
EOD9.519MRQ12.068-2.549
MRQ12.068TTM12.0680.000
TTM12.068YOY12.754-0.685
TTM12.0685Y14.793-2.725
5Y14.79310Y32.065-17.272
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD9.51959.363-49.844
MRQ12.06862.348-50.280
TTM12.06865.808-53.740
YOY12.75460.186-47.432
5Y14.79358.251-43.458
10Y32.06550.041-17.976
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Econocom.

  • 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 Econocom Group SA/NV:

  • The MRQ is 7.754. Seems overpriced? -1
  • The TTM is 7.754. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ7.754TTM7.7540.000
TTM7.754YOY11.569-3.815
TTM7.7545Y16.673-8.918
5Y16.67310Y38.984-22.311
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ7.7540.141+7.613
TTM7.7540.078+7.676
YOY11.5690.168+11.401
5Y16.6730.194+16.479
10Y38.9840.186+38.798

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

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

  • At or below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • A PB ratio of 1.78 means the investor is paying €1.78 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Econocom Group SA/NV:

  • The EOD is 1.403. Good. +1
  • The MRQ is 1.779. Good. +1
  • The TTM is 1.779. Good. +1
Trends
Current periodCompared to+/- 
EOD1.403MRQ1.779-0.376
MRQ1.779TTM1.7790.000
TTM1.779YOY1.262+0.517
TTM1.7795Y1.752+0.027
5Y1.75210Y4.862-3.109
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD1.4032.181-0.778
MRQ1.7792.312-0.533
TTM1.7792.780-1.001
YOY1.2622.608-1.346
5Y1.7522.219-0.467
10Y4.8621.895+2.967
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Econocom Group SA/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--0.0880.0880%0.055+60%0.156-44%0.144-39%
Book Value Growth--0.9400.9400%0.977-4%1.130-17%1.154-19%
Book Value Per Share--2.0492.0490%1.961+4%1.973+4%1.529+34%
Book Value Per Share Growth--1.0451.0450%1.029+2%1.122-7%1.152-9%
Current Ratio--1.0681.0680%1.101-3%1.110-4%1.061+1%
Debt To Asset Ratio--0.8100.8100%0.822-1%0.821-1%0.833-3%
Debt To Equity Ratio--4.9094.9090%5.385-9%5.546-11%5.943-17%
Dividend Per Share--0.1100.1100%0.107+3%0.107+3%0.083+34%
Dividend Per Share Growth--1.0341.0340%0.984+5%1.054-2%1.117-7%
Eps--0.3020.3020%0.194+56%0.238+27%0.213+42%
Eps Growth--1.5561.5560%1.102+41%1.325+17%1.294+20%
Free Cash Flow Per Share--0.2060.2060%0.894-77%0.275-25%0.261-21%
Free Cash Flow Per Share Growth--0.2300.2300%2.207-90%1.117-79%1.547-85%
Free Cash Flow To Equity Per Share---1.162-1.1620%-0.297-74%-0.056-95%0.135-961%
Free Cash Flow To Equity Per Share Growth---1.912-1.9120%-2.960+55%0.688-378%1.300-247%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--7.493--------
Intrinsic Value_10Y_min--1.643--------
Intrinsic Value_1Y_max--0.556--------
Intrinsic Value_1Y_min--0.197--------
Intrinsic Value_3Y_max--1.820--------
Intrinsic Value_3Y_min--0.568--------
Intrinsic Value_5Y_max--3.262--------
Intrinsic Value_5Y_min--0.909--------
Net Profit Margin--0.0260.0260%0.018+43%0.021+27%0.021+22%
Operating Margin--0.0490.0490%0.040+23%0.040+20%0.041+18%
Operating Ratio--0.9500.9500%0.956-1%0.9530%0.9510%
Pb Ratio1.403-27%1.7791.7790%1.262+41%1.752+2%4.862-63%
Pe Ratio9.519-27%12.06812.0680%12.754-5%14.793-18%32.065-62%
Peg Ratio--7.7547.7540%11.569-33%16.673-53%38.984-80%
Price Per Share2.875-27%3.6453.6450%2.475+47%3.484+5%6.071-40%
Price To Total Gains Ratio14.521-27%18.41018.4100%15.337+20%-19.249+205%953.851-98%
Profit Growth--1.4001.4000%1.047+34%1.244+13%1.261+11%
Quick Ratio--0.8670.8670%0.954-9%0.960-10%0.935-7%
Return On Assets--0.0280.0280%0.018+59%0.022+28%0.025+11%
Return On Equity--0.1700.1700%0.115+47%0.144+18%0.176-4%
Revenue Growth--0.9790.9790%0.874+12%1.002-2%1.052-7%
Total Gains Per Share--0.1980.1980%0.161+23%0.263-25%0.226-13%
Total Gains Per Share Growth--1.2271.2270%1.548-21%3.902-69%38.835-97%
Usd Book Value--479444130.000479444130.0000%510306390.000-6%512680410.000-6%391888545.840+22%
Usd Book Value Change Per Share--0.0950.0950%0.059+60%0.168-44%0.155-39%
Usd Book Value Per Share--2.2112.2110%2.116+4%2.129+4%1.650+34%
Usd Dividend Per Share--0.1190.1190%0.115+3%0.115+3%0.089+34%
Usd Eps--0.3260.3260%0.209+56%0.257+27%0.230+42%
Usd Free Cash Flow--48127860.00048127860.0000%232546050.000-79%72860832.000-34%66525004.260-28%
Usd Free Cash Flow Per Share--0.2220.2220%0.964-77%0.296-25%0.281-21%
Usd Free Cash Flow To Equity Per Share---1.253-1.2530%-0.320-74%-0.060-95%0.146-961%
Usd Price Per Share3.102-27%3.9333.9330%2.671+47%3.759+5%6.552-40%
Usd Profit--70681050.00070681050.0000%50501880.000+40%61033896.000+16%54242580.150+30%
Usd Revenue--2702821770.0002702821770.0000%2761093170.000-2%2981682792.000-9%2597548550.850+4%
Usd Total Gains Per Share--0.2140.2140%0.174+23%0.283-25%0.244-13%
 EOD+3 -2MRQTTM+0 -0YOY+28 -145Y+20 -2210Y+22 -20

3.2. Fundamental Score

Let's check the fundamental score of Econocom Group SA/NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-159.519
Price to Book Ratio (EOD)Between0-11.403
Net Profit Margin (MRQ)Greater than00.026
Operating Margin (MRQ)Greater than00.049
Quick Ratio (MRQ)Greater than10.867
Current Ratio (MRQ)Greater than11.068
Debt to Asset Ratio (MRQ)Less than10.810
Debt to Equity Ratio (MRQ)Less than14.909
Return on Equity (MRQ)Greater than0.150.170
Return on Assets (MRQ)Greater than0.050.028
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Econocom Group SA/NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5052.049
Ma 20Greater thanMa 502.831
Ma 50Greater thanMa 1002.873
Ma 100Greater thanMa 2002.815
OpenGreater thanClose2.860
Total2/5 (40.0%)



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  102,400-7,50094,900-21,20073,700-6,80066,900-71,600-4,700



Latest Balance Sheet

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

Summary
Total Assets2,338,700
Total Liabilities1,894,400
Total Stockholder Equity385,900
 As reported
Total Liabilities 1,894,400
Total Stockholder Equity+ 385,900
Total Assets = 2,338,700

Assets

Total Assets2,338,700
Total Current Assets1,494,300
Long-term Assets1,494,300
Total Current Assets
Cash And Cash Equivalents 405,800
Net Receivables 807,300
Inventory 122,600
Total Current Assets  (as reported)1,494,300
Total Current Assets  (calculated)1,335,700
+/- 158,600
Long-term Assets
Property Plant Equipment 86,700
Goodwill 494,800
Intangible Assets 43,800
Long-term Assets Other 180,800
Long-term Assets  (as reported)844,100
Long-term Assets  (calculated)806,100
+/- 38,000

Liabilities & Shareholders' Equity

Total Current Liabilities1,399,200
Long-term Liabilities495,200
Total Stockholder Equity385,900
Total Current Liabilities
Short-term Debt 193,000
Short Long Term Debt 129,600
Accounts payable 707,300
Other Current Liabilities 312,900
Total Current Liabilities  (as reported)1,399,200
Total Current Liabilities  (calculated)1,342,800
+/- 56,400
Long-term Liabilities
Long term Debt 261,100
Capital Lease Obligations Min Short Term Debt27,800
Other Liabilities 152,100
Long-term Liabilities Other 9,300
Long-term Liabilities  (as reported)495,200
Long-term Liabilities  (calculated)450,300
+/- 44,900
Total Stockholder Equity
Common Stock23,700
Other Stockholders Equity 362,200
Total Stockholder Equity (as reported)385,900
Total Stockholder Equity (calculated)385,900
+/-0
Other
Capital Stock23,700
Cash and Short Term Investments 405,800
Common Stock Shares Outstanding 216,866
Liabilities and Stockholders Equity 2,280,300
Net Debt 205,700
Net Invested Capital 776,600
Net Tangible Assets -152,900
Net Working Capital 95,100
Short Long Term Debt Total 611,500



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 
291,441
283,906
388,393
336,671
306,774
276,794
304,961
315,774
367,626
347,139
1,253,715
1,043,645
1,098,314
1,471,144
1,602,415
1,817,500
2,134,500
2,427,600
3,009,100
2,936,900
2,659,700
2,338,700
2,338,7002,659,7002,936,9003,009,1002,427,6002,134,5001,817,5001,602,4151,471,1441,098,3141,043,6451,253,715347,139367,626315,774304,961276,794306,774336,671388,393283,906291,441
   > Total Current Assets 
0
228,464
253,615
254,976
229,912
227,921
257,385
259,007
300,794
274,316
968,832
787,057
817,752
951,525
1,033,769
1,126,800
1,358,300
1,531,700
2,046,900
2,058,200
1,795,700
1,494,300
1,494,3001,795,7002,058,2002,046,9001,531,7001,358,3001,126,8001,033,769951,525817,752787,057968,832274,316300,794259,007257,385227,921229,912254,976253,615228,4640
       Cash And Cash Equivalents 
51,328
50,425
58,080
84,761
48,800
60,065
76,616
61,255
56,768
62,522
217,873
144,772
79,850
150,139
207,335
209,600
348,700
237,900
608,400
593,800
649,300
405,800
405,800649,300593,800608,400237,900348,700209,600207,335150,13979,850144,772217,87362,52256,76861,25576,61660,06548,80084,76158,08050,42551,328
       Short-term Investments 
2,309
7,035
13,424
17,509
14,368
18,700
0
0
0
0
0
0
2,679
1,004
6,685
600
1,700
1,000
1,600
0
0
0
0001,6001,0001,7006006,6851,0042,67900000018,70014,36817,50913,4247,0352,309
       Net Receivables 
153,569
147,070
167,953
140,815
159,806
149,525
165,963
183,051
227,369
194,239
683,337
601,199
678,431
719,975
738,617
698,900
887,800
1,127,600
1,278,800
1,111,800
906,700
807,300
807,300906,7001,111,8001,278,8001,127,600887,800698,900738,617719,975678,431601,199683,337194,239227,369183,051165,963149,525159,806140,815167,953147,070153,569
       Other Current Assets 
7,567
161,462
184,868
161,789
177,328
159,192
175,593
189,520
236,412
205,609
734,706
627,427
709,597
780,065
792,445
894,500
968,700
1,228,900
1,384,800
1,404,300
1,069,700
965,900
965,9001,069,7001,404,3001,384,8001,228,900968,700894,500792,445780,065709,597627,427734,706205,609236,412189,520175,593159,192177,328161,789184,868161,4627,567
   > Long-term Assets 
0
55,442
134,778
81,695
76,862
48,873
47,576
56,767
66,832
72,823
284,883
256,588
280,562
519,619
568,646
690,700
776,200
895,900
962,200
878,700
864,000
844,100
844,100864,000878,700962,200895,900776,200690,700568,646519,619280,562256,588284,88372,82366,83256,76747,57648,87376,86281,695134,77855,4420
       Property Plant Equipment 
31,585
32,293
104,822
56,967
54,131
11,517
9,956
8,397
9,571
9,144
13,469
13,364
13,330
21,746
26,199
30,100
41,400
48,400
48,600
92,600
89,800
86,700
86,70089,80092,60048,60048,40041,40030,10026,19921,74613,33013,36413,4699,1449,5718,3979,95611,51754,13156,967104,82232,29331,585
       Goodwill 
10,796
7,677
10,351
7,680
9,989
14,661
16,556
25,541
28,774
28,856
147,672
134,222
149,207
331,490
380,787
483,500
539,100
598,800
631,100
512,900
499,500
494,800
494,800499,500512,900631,100598,800539,100483,500380,787331,490149,207134,222147,67228,85628,77425,54116,55614,6619,9897,68010,3517,67710,796
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
633
900
2,700
4,300
6,300
8,900
0
0
0
0008,9006,3004,3002,7009006330000000000000
       Intangible Assets 
11,856
2,472
1,448
1,192
1,411
877
1,441
1,758
2,650
3,414
51,661
48,639
47,790
59,239
57,558
64,100
67,600
79,600
83,400
57,300
47,600
43,800
43,80047,60057,30083,40079,60067,60064,10057,55859,23947,79048,63951,6613,4142,6501,7581,4418771,4111,1921,4482,47211,856
       Long-term Assets Other 
0
12,761
18,157
15,856
11,331
19,484
15,766
15,148
18,567
23,511
35,378
47,259
45,841
66,511
73,596
80,200
89,200
125,000
145,500
178,500
189,300
180,800
180,800189,300178,500145,500125,00089,20080,20073,59666,51145,84147,25935,37823,51118,56715,14815,76619,48411,33115,85618,15712,7610
> Total Liabilities 
217,156
199,028
300,574
263,111
226,509
188,744
216,620
232,402
283,177
262,536
1,114,030
908,142
941,142
1,211,174
1,322,933
1,537,000
1,855,500
1,944,500
2,517,900
2,452,900
2,186,800
1,894,400
1,894,4002,186,8002,452,9002,517,9001,944,5001,855,5001,537,0001,322,9331,211,174941,142908,1421,114,030262,536283,177232,402216,620188,744226,509263,111300,574199,028217,156
   > Total Current Liabilities 
193,587
152,095
217,261
202,210
176,850
178,092
203,706
209,770
260,873
229,377
946,412
795,966
813,164
1,028,137
1,003,035
1,089,900
1,269,600
1,389,400
1,816,800
1,789,200
1,631,100
1,399,200
1,399,2001,631,1001,789,2001,816,8001,389,4001,269,6001,089,9001,003,0351,028,137813,164795,966946,412229,377260,873209,770203,706178,092176,850202,210217,261152,095193,587
       Short-term Debt 
0
0
63
3,208
841
10,810
15,773
1,913
0
0
0
3,360
22,987
105,378
15,637
120,300
23,100
23,200
381,000
436,400
347,300
193,000
193,000347,300436,400381,00023,20023,100120,30015,637105,37822,9873,3600001,91315,77310,8108413,2086300
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
189,430
45,600
63,100
143,100
176,500
317,900
362,900
271,100
129,600
129,600271,100362,900317,900176,500143,10063,10045,600189,4300000000000000
       Accounts payable 
117,496
105,075
133,469
114,938
119,218
101,672
118,244
113,693
204,219
177,541
717,418
596,300
502,774
494,944
464,103
522,900
635,600
735,000
854,000
756,900
775,200
707,300
707,300775,200756,900854,000735,000635,600522,900464,103494,944502,774596,300717,418177,541204,219113,693118,244101,672119,218114,938133,469105,075117,496
       Other Current Liabilities 
65,130
152,095
217,198
199,002
176,009
65,610
69,689
94,164
56,654
51,836
228,994
196,306
287,403
427,815
523,295
446,700
610,900
631,200
331,600
365,400
291,200
312,900
312,900291,200365,400331,600631,200610,900446,700523,295427,815287,403196,306228,99451,83656,65494,16469,68965,610176,009199,002217,198152,09565,130
   > Long-term Liabilities 
0
46,933
83,313
60,901
49,659
10,652
12,914
22,632
22,304
33,159
167,618
112,176
127,978
183,037
319,898
447,100
585,900
555,100
701,100
663,700
555,700
495,200
495,200555,700663,700701,100555,100585,900447,100319,898183,037127,978112,176167,61833,15922,30422,63212,91410,65249,65960,90183,31346,9330
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
281,200
390,900
0
504,100
451,600
0
0
00451,600504,1000390,900281,200000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
-63
-3,208
-841
-10,810
-15,773
-1,913
0
0
0
-3,360
-22,987
-105,378
-15,637
-120,300
45,200
54,300
-179,700
-185,300
-109,900
27,800
27,800-109,900-185,300-179,70054,30045,200-120,300-15,637-105,378-22,987-3,360000-1,913-15,773-10,810-841-3,208-6300
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
91,200
99,100
73,900
42,400
55,100
9,300
9,30055,10042,40073,90099,10091,2000000000000000000
> Total Stockholder Equity
74,280
84,481
86,721
72,050
79,503
87,686
88,228
83,203
84,339
84,531
139,618
135,622
156,980
259,858
259,937
228,100
201,400
380,800
396,400
410,200
406,100
385,900
385,900406,100410,200396,400380,800201,400228,100259,937259,858156,980135,622139,61884,53184,33983,20388,22887,68679,50372,05086,72184,48174,280
   Common Stock
15,933
16,017
16,038
16,038
16,038
16,181
16,181
16,181
16,181
16,181
17,077
17,077
17,077
19,874
21,564
21,600
21,600
23,500
23,500
23,500
23,500
23,700
23,70023,50023,50023,50023,50021,60021,60021,56419,87417,07717,07717,07716,18116,18116,18116,18116,18116,03816,03816,03816,01715,933
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 0-148,400-96,800-91,000-78,900-65,700-58,400-53,374-48,006-33,820-31,614-31,459-17,849000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
148,700
140,200
0
240,300
342,000
0
0
00342,000240,3000140,200148,700000000000000000
   Treasury Stock000-64,600-58,100-50,500-43,100-8,701-6,062-9,894-22,642-1,993-16,829-1,505-221-5,015-258-2,459-8,091000
   Other Stockholders Equity 
0
68,464
70,683
56,012
63,465
57,328
61,877
49,022
49,337
65,868
125,222
128,647
126,275
243,852
260,868
207,100
205,900
349,800
424,500
438,800
332,900
362,200
362,200332,900438,800424,500349,800205,900207,100260,868243,852126,275128,647125,22265,86849,33749,02261,87757,32863,46556,01270,68368,4640



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.