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Ercros










Financial Health of Ercros




Comparing to competitors in the Chemicals industry




  Industry Rankings  


Ercros
Buy, Hold or Sell?

Should you buy, hold or sell Ercros?

I guess you are interested in Ercros. 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 Ercros

Let's start. I'm going to help you getting a better view of Ercros. 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 Ercros 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 Ercros is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Ercros. The closing price on 2022-12-02 was €3.39 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.
Ercros Daily Candlestick Chart

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 inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

1.1. Profitability of Ercros.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Ercros to the Chemicals industry mean.
  • A Net Profit Margin of 1.7% means that €0.02 for each €1 in revenue is generated as profit.

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

  • The MRQ is 1.7%. The company is making a profit. +1
  • The TTM is 6.5%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.7%TTM6.5%-4.8%
TTM6.5%YOY1.0%+5.4%
TTM6.5%5Y4.3%+2.2%
5Y4.3%10Y3.6%+0.7%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7%8.0%-6.3%
TTM6.5%6.9%-0.4%
YOY1.0%6.3%-5.3%
5Y4.3%5.4%-1.1%
10Y3.6%5.5%-1.9%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Ercros to the Chemicals industry mean.
  • 0.6% Return on Assets means that Ercros generated €0.01 profit for each $1 in assets.

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

  • The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 2.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ0.6%TTM2.4%-1.7%
TTM2.4%YOY1.2%+1.2%
TTM2.4%5Y1.5%+0.9%
5Y1.5%10Y1.2%+0.3%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%1.9%-1.3%
TTM2.4%1.7%+0.7%
YOY1.2%1.1%+0.1%
5Y1.5%1.2%+0.3%
10Y1.2%1.2%+0.0%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Ercros to the Chemicals industry mean.
  • 1.2% Return on Equity means Ercros generated €0.01 for each €1 the owners (shareholders) invested.

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

  • The MRQ is 1.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 4.9%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.2%TTM4.9%-3.7%
TTM4.9%YOY2.3%+2.6%
TTM4.9%5Y3.1%+1.7%
5Y3.1%10Y2.7%+0.4%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2%3.5%-2.3%
TTM4.9%3.3%+1.6%
YOY2.3%2.4%-0.1%
5Y3.1%2.4%+0.7%
10Y2.7%2.3%+0.4%

1.2. Operating Efficiency of Ercros.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ercros is operating .

  • Measures how much profit Ercros 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 Ercros to the Chemicals industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

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

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM6.6%-6.6%
TTM6.6%YOY1.2%+5.4%
TTM6.6%5Y3.2%+3.4%
5Y3.2%10Y2.5%+0.7%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-9.2%-9.2%
TTM6.6%9.5%-2.9%
YOY1.2%8.2%-7.0%
5Y3.2%8.4%-5.2%
10Y2.5%5.9%-3.4%
1.2.2. Operating Ratio

Measures how efficient Ercros is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Chemicals industry mean).
  • An Operation Ratio of 1.73 means that the operating costs are €1.73 for each €1 in net sales.

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

  • The MRQ is 1.727. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.288. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.727TTM1.288+0.440
TTM1.288YOY0.477+0.811
TTM1.2885Y0.925+0.363
5Y0.92510Y0.956-0.031
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7271.608+0.119
TTM1.2881.589-0.301
YOY0.4771.601-1.124
5Y0.9251.537-0.612
10Y0.9561.230-0.274

1.3. Liquidity of Ercros.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Chemicals industry mean).
  • A Current Ratio of 1.37 means the company has €1.37 in assets for each €1 in short-term debts.

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

  • The MRQ is 1.368. The company is just able to pay all its short-term debts.
  • The TTM is 1.345. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.368TTM1.345+0.023
TTM1.345YOY1.261+0.084
TTM1.3455Y1.227+0.119
5Y1.22710Y1.110+0.117
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3681.628-0.260
TTM1.3451.628-0.283
YOY1.2611.632-0.371
5Y1.2271.558-0.331
10Y1.1101.097+0.013
1.3.2. Quick Ratio

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

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

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

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.300-0.300
TTM0.300YOY0.518-0.217
TTM0.3005Y0.346-0.045
5Y0.34610Y0.373-0.027
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.727-0.727
TTM0.3000.698-0.398
YOY0.5180.716-0.198
5Y0.3460.680-0.334
10Y0.3730.647-0.274

1.4. Solvency of Ercros.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Ercros to Chemicals industry mean.
  • A Debt to Asset Ratio of 0.46 means that Ercros assets are financed with 46.2% credit (debt) and the remaining percentage (100% - 46.2%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.462. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.502. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.462TTM0.502-0.040
TTM0.502YOY0.488+0.013
TTM0.5025Y0.523-0.021
5Y0.52310Y0.578-0.055
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4620.443+0.019
TTM0.5020.431+0.071
YOY0.4880.417+0.071
5Y0.5230.429+0.094
10Y0.5780.426+0.152
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Ercros to the Chemicals industry mean.
  • A Debt to Equity ratio of 86.0% means that company has €0.86 debt for each €1 in shareholders equity.

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

  • The MRQ is 0.860. The company is very able to pay all its debts with equity. +2
  • The TTM is 1.014. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ0.860TTM1.014-0.155
TTM1.014YOY0.964+0.050
TTM1.0145Y1.112-0.098
5Y1.11210Y1.448-0.335
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8600.795+0.065
TTM1.0140.786+0.228
YOY0.9640.752+0.212
5Y1.1120.814+0.298
10Y1.4480.927+0.521

2. Market Valuation of Ercros

2. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Ercros to the Chemicals industry mean.
  • A PE ratio of 63.49 means the investor is paying €63.49 for every €1 in earnings.

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

  • The EOD is 79.129. Neutral. Compare to industry.
  • The MRQ is 63.490. Neutral. Compare to industry.
  • The TTM is 27.704. Very good. +2
Trends
Current periodCompared to+/- 
EOD79.129MRQ63.490+15.639
MRQ63.490TTM27.704+35.786
TTM27.704YOY62.035-34.331
TTM27.7045Y100.592-72.888
5Y100.59210Y58.818+41.774
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD79.12939.199+39.930
MRQ63.49042.923+20.567
TTM27.70449.643-21.939
YOY62.03547.155+14.880
5Y100.59246.220+54.372
10Y58.81833.006+25.812
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Ercros.

  • 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 Ercros:

  • The MRQ is -10.774. Very Bad. -2
  • The TTM is 844.668. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ-10.774TTM844.668-855.442
TTM844.668YOY59.312+785.356
TTM844.6685Y-280.200+1,124.868
5Y-280.20010Y-151.893-128.307
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-10.7740.287-11.061
TTM844.6680.063+844.605
YOY59.3120.282+59.030
5Y-280.2000.221-280.421
10Y-151.8930.222-152.115

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

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

  • At or below 1 is considered healthy (always compare to Chemicals industry mean).
  • A PB ratio of 0.75 means the investor is paying €0.75 for each €1 in book value.

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

  • The EOD is 0.940. Very good. +2
  • The MRQ is 0.754. Very good. +2
  • The TTM is 0.890. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.940MRQ0.754+0.186
MRQ0.754TTM0.890-0.135
TTM0.890YOY0.981-0.092
TTM0.8905Y1.080-0.190
5Y1.08010Y0.865+0.215
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD0.9401.747-0.807
MRQ0.7541.805-1.051
TTM0.8901.979-1.089
YOY0.9811.606-0.625
5Y1.0801.422-0.342
10Y0.8651.045-0.180
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ercros 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---0.0040.145-103%0.057-106%0.079-105%0.049-107%
Book Value Growth---0.054-0.013-76%-0.033-38%-0.030-44%-0.034-37%
Book Value Per Share--3.6053.510+3%2.939+23%2.835+27%2.328+55%
Book Value Per Share Growth---0.0010.042-102%0.019-105%0.028-104%0.018-106%
Current Ratio--1.3681.345+2%1.261+8%1.227+12%1.110+23%
Debt To Asset Ratio--0.4620.502-8%0.488-5%0.523-12%0.578-20%
Debt To Equity Ratio--0.8601.014-15%0.964-11%1.112-23%1.448-41%
Dividend Per Share----0%-0%0.002-100%0.001-100%
Eps--0.0430.171-75%0.069-38%0.090-53%0.068-37%
Eps Growth---5.893-1.204-80%0.241-2542%-1.791-70%-1.967-67%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Net Profit Margin--0.0170.065-74%0.010+61%0.043-61%0.036-53%
Operating Margin---0.066-100%0.012-100%0.032-100%0.025-100%
Operating Ratio--1.7271.288+34%0.477+262%0.925+87%0.956+81%
Pb Ratio0.940+20%0.7540.890-15%0.981-23%1.080-30%0.865-13%
Pe Ratio79.129+20%63.49027.704+129%62.035+2%100.592-37%58.818+8%
Peg Ratio---10.774844.668-101%59.312-118%-280.200+2501%-151.893+1310%
Price Per Share3.390+20%2.7203.124-13%2.899-6%2.977-9%2.136+27%
Price To Total Gains Ratio-928.230-25%-744.775-170.423-77%136.028-648%44.011-1792%37.015-2112%
Profit Growth---625.460-132.193-79%20.401-3166%-197.178-68%-217.569-65%
Quick Ratio---0.300-100%0.518-100%0.346-100%0.373-100%
Return On Assets--0.0060.024-73%0.012-47%0.015-57%0.012-47%
Return On Equity--0.0120.049-76%0.023-49%0.031-62%0.027-56%
Revenue Growth---0.1830.003-6762%0.486-138%0.007-2751%-0.030-84%
Total Gains Per Share---0.0040.145-103%0.057-106%0.081-104%0.050-107%
Total Gains Per Share Growth---39.750-10.140-74%-2.148-95%-0.932-98%0.114-35012%
Usd Book Value--374057447.500364317612.500+3%310697210.625+20%306918577.750+22%258544929.306+45%
Usd Book Value Change Per Share---0.0040.153-103%0.060-106%0.084-105%0.052-107%
Usd Book Value Per Share--3.7953.694+3%3.094+23%2.984+27%2.450+55%
Usd Dividend Per Share----0%-0%0.002-100%0.001-100%
Usd Eps--0.0450.180-75%0.073-38%0.095-53%0.072-37%
Usd Price Per Share3.568+20%2.8633.288-13%3.051-6%3.133-9%2.248+27%
Usd Profit--4444707.50017799616.875-75%7326978.750-39%9811089.250-55%7638255.625-42%
Usd Revenue--266028847.500271706032.500-2%89426451.875+197%174010509.125+53%170789555.069+56%
Usd Total Gains Per Share---0.0040.153-103%0.060-106%0.086-104%0.053-107%
 EOD+1 -4MRQTTM+9 -23YOY+11 -215Y+10 -2410Y+9 -25

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1579.129
Price to Book Ratio (EOD)Between0-10.940
Net Profit Margin (MRQ)Greater than00.017
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than11.368
Debt to Asset Ratio (MRQ)Less than10.462
Debt to Equity Ratio (MRQ)Less than10.860
Return on Equity (MRQ)Greater than0.150.012
Return on Assets (MRQ)Greater than0.050.006
Total5/10 (50.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5065.974
Ma 20Greater thanMa 503.251
Ma 50Greater thanMa 1003.040
Ma 100Greater thanMa 2003.134
OpenGreater thanClose3.335
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.

 2021-09-302021-12-312022-03-312022-06-302022-09-30
Net Interest Income  -1,188-391-1,57924-1,555-39-1,5943,6262,032



Latest Balance Sheet

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

Summary
Total Assets660,901
Total Liabilities305,502
Total Stockholder Equity355,399
 As reported
Total Liabilities 305,502
Total Stockholder Equity+ 355,399
Total Assets = 660,901

Assets

Total Assets660,901
Total Current Assets274,531
Long-term Assets274,531
Total Current Assets
Total Current Assets  (as reported)274,531
Total Current Assets  (calculated)0
+/- 274,531
Long-term Assets
Long-term Assets  (as reported)386,370
Long-term Assets  (calculated)0
+/- 386,370

Liabilities & Shareholders' Equity

Total Current Liabilities200,672
Long-term Liabilities104,830
Total Stockholder Equity355,399
Total Current Liabilities
Total Current Liabilities  (as reported)200,672
Total Current Liabilities  (calculated)0
+/- 200,672
Long-term Liabilities
Long term Debt 87,431
Long-term Liabilities  (as reported)104,830
Long-term Liabilities  (calculated)87,431
+/- 17,399
Total Stockholder Equity
Total Stockholder Equity (as reported)355,399
Total Stockholder Equity (calculated)0
+/- 355,399
Other
Net Debt 87,431
Net Invested Capital 87,431
Net Working Capital 73,859



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-06-302010-03-312009-12-312009-06-302009-03-312008-12-312008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-06-302003-12-312003-06-302002-12-312002-06-302001-06-302000-12-312000-06-30
> Total Assets 
57,634,000
56,930,000
57,881,000
339,753
340,140
348,431
353,550
368,561
361,870
369,090
650,315
0
761,810
0
1,000,348
1,005,780
0
942,698
812,060
949,030
896,930
942,410
707,030
673,900
673,900
640,100
0
650,405
626,690
665,000
666,628
551,270
605,560
546,110
632,110
547,020
605,180
535,550
593,540
505,620
564,290
491,930
547,650
475,430
520,720
461,050
538,440
498,750
511,680
447,410
538,580
560,180
0
560,750
0
599,173
530,398
599,418
0
606,571
559,631
652,767
579,348
656,415
0
596,089
524,977
590,219
534,041
635,436
558,117
709,956
664,829
751,171
660,901
660,901751,171664,829709,956558,117635,436534,041590,219524,977596,0890656,415579,348652,767559,631606,5710599,418530,398599,1730560,7500560,180538,580447,410511,680498,750538,440461,050520,720475,430547,650491,930564,290505,620593,540535,550605,180547,020632,110546,110605,560551,270666,628665,000626,690650,4050640,100673,900673,900707,030942,410896,930949,030812,060942,69801,005,7801,000,3480761,8100650,315369,090361,870368,561353,550348,431340,140339,75357,881,00056,930,00057,634,000
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
279,140
0
294,227
275,540
0
320,724
0
270,790
0
296,510
250,520
273,970
241,290
268,710
217,920
254,860
225,400
244,530
207,140
228,150
198,110
250,070
188,660
226,960
191,250
250,940
254,560
0
245,300
0
248,727
208,142
239,208
0
239,490
211,971
255,490
211,270
251,380
237,213
188,894
160,184
191,017
179,398
239,999
199,672
301,780
289,712
314,097
274,531
274,531314,097289,712301,780199,672239,999179,398191,017160,184188,894237,213251,380211,270255,490211,971239,4900239,208208,142248,7270245,3000254,560250,940191,250226,960188,660250,070198,110228,150207,140244,530225,400254,860217,920268,710241,290273,970250,520296,5100270,7900320,7240275,540294,2270279,1400000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,560
0
38,333
34,100
0
57,979
0
7,560
0
8,850
0
11,590
0
15,170
0
16,200
0
17,440
0
19,890
0
22,660
0
21,620
0
41,340
48,260
0
19,470
0
22,743
0
20,203
0
15,845
0
38,288
0
55,466
0
25,985
0
38,249
0
48,766
0
50,305
0
34,811
0
034,811050,305048,766038,249025,985055,466038,288015,845020,203022,743019,470048,26041,340021,620022,660019,890017,440016,200015,170011,59008,85007,560057,979034,10038,333035,5600000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
34,940
0
0
0
0
0
9,810
0
0
0
10,080
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
00000000000000000000000000000010,0800009,8100000034,9400000000000000000000000000000000000
       Net Receivables 
11,382,000
11,971,000
13,436,000
70,881
69,330
70,463
70,990
93,521
86,040
0
181,018
0
149,650
0
224,647
212,230
0
235,305
0
215,910
0
230,320
215,340
186,140
186,140
141,530
0
159,390
156,800
0
180,130
0
155,800
0
177,550
0
151,020
0
158,990
0
145,370
0
143,450
0
116,490
0
146,780
0
114,050
0
131,760
103,180
0
151,700
0
125,948
0
121,745
0
110,999
0
116,391
0
96,968
0
77,535
0
56,840
94,526
94,526
0
106,445
0
149,383
0
0149,3830106,445094,52694,52656,840077,535096,9680116,3910110,9990121,7450125,9480151,7000103,180131,7600114,0500146,7800116,4900143,4500145,3700158,9900151,0200177,5500155,8000180,1300156,800159,3900141,530186,140186,140215,340230,3200215,9100235,3050212,230224,6470149,6500181,018086,04093,52170,99070,46369,33070,88113,436,00011,971,00011,382,000
       Other Current Assets 
2,205,000
595,000
2,074,000
2,138
2,260
2,413
1,910
1,824
1,370
133,270
12,144
0
25,950
0
72,991
61,740
0
60,789
299,450
69,920
408,080
27,810
5,090
1,620
1,620
169,600
0
190,150
173,850
314,120
197,111
245,690
189,770
248,090
177,550
250,520
186,500
241,290
195,230
217,920
168,340
225,400
176,070
207,140
142,650
198,110
176,930
188,660
147,490
191,250
154,210
134,290
0
160,680
0
146,245
208,142
135,366
0
125,970
211,971
133,949
211,270
113,670
189,902
87,572
160,184
70,490
179,398
106,623
199,672
21,066
289,712
162,092
0
0162,092289,71221,066199,672106,623179,39870,490160,18487,572189,902113,670211,270133,949211,971125,9700135,366208,142146,2450160,6800134,290154,210191,250147,490188,660176,930198,110142,650207,140176,070225,400168,340217,920195,230241,290186,500250,520177,550248,090189,770245,690197,111314,120173,850190,1500169,6001,6201,6205,09027,810408,08069,920299,45060,789061,74072,991025,950012,144133,2701,3701,8241,9102,4132,2602,1382,074,000595,0002,205,000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
360,960
0
356,178
351,150
0
345,904
0
334,770
0
335,600
296,500
331,210
294,260
324,830
287,700
309,430
266,530
303,120
268,290
292,570
262,940
288,370
253,970
284,720
256,160
287,640
305,620
0
315,450
0
350,446
322,256
360,210
0
367,081
0
397,277
368,078
405,035
0
407,195
364,793
399,202
354,643
395,437
358,445
408,176
375,117
437,074
386,370
386,370437,074375,117408,176358,445395,437354,643399,202364,793407,1950405,035368,078397,2770367,0810360,210322,256350,4460315,4500305,620287,640256,160284,720253,970288,370262,940292,570268,290303,120266,530309,430287,700324,830294,260331,210296,500335,6000334,7700345,9040351,150356,1780360,9600000000000000000000000000
       Property Plant Equipment 
33,349,000
33,372,000
32,695,000
201,943
202,880
218,706
215,360
216,958
208,740
215,430
364,161
0
437,190
0
522,210
526,560
0
494,684
0
469,320
0
474,170
270,770
323,170
323,170
310,610
0
304,242
300,740
0
295,324
0
279,710
0
279,290
0
277,140
0
270,390
0
264,370
0
255,420
0
245,690
0
239,900
0
235,290
0
235,630
249,230
0
260,470
0
269,388
0
275,729
0
281,689
17,613
303,450
0
309,870
0
313,448
0
320,194
323,370
323,370
0
293,620
0
351,284
0
0351,2840293,6200323,370323,370320,1940313,4480309,8700303,45017,613281,6890275,7290269,3880260,4700249,230235,6300235,2900239,9000245,6900255,4200264,3700270,3900277,1400279,2900279,7100295,3240300,740304,2420310,610323,170323,170270,770474,1700469,3200494,6840526,560522,2100437,1900364,161215,430208,740216,958215,360218,706202,880201,94332,695,00033,372,00033,349,000
       Goodwill 
0
7,000
0
0
0
0
0
0
0
0
0
0
0
0
0
50
0
0
0
0
0
0
0
650
650
40
0
0
40
0
0
0
40
0
0
0
40
0
0
0
40
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
000000000000000000000000000000000040000400004000040004065065000000005000000000000007,0000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,950
0
6,470
0
6,503
0
6,893
0
6,840
0
7,056
0
6,654
0
0
0
0
0
0
0
0
0
0
0
000000000006,65407,05606,84006,89306,50306,47006,950000000000000000000000000000000000000000000000000000
       Intangible Assets 
1,729,000
1,569,000
2,015,000
12,722
11,320
2,142
10,090
2,682
8,620
1,820
1,859
0
3,980
0
9,667
8,700
0
7,547
0
2,930
0
11,420
9,000
11,150
11,150
8,200
0
10,059
8,520
0
7,578
0
5,640
0
6,450
0
4,490
0
5,260
0
4,780
0
4,290
0
5,550
0
6,600
0
6,540
0
6,290
5,860
0
4,720
0
4,097
0
4,711
0
4,226
0
7,070
0
6,795
0
0
0
7,162
0
0
0
11,598
0
0
0
00011,5980007,1620006,79507,07004,22604,71104,09704,72005,8606,29006,54006,60005,55004,29004,78005,26004,49006,45005,64007,57808,52010,05908,20011,15011,1509,00011,42002,93007,54708,7009,66703,98001,8591,8208,6202,68210,0902,14211,32012,7222,015,0001,569,0001,729,000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
38,810
0
38,384
38,440
0
39,602
0
49,420
0
75,430
296,500
46,200
294,260
45,810
287,700
40,310
266,530
40,150
268,290
43,270
262,940
40,330
253,970
40,390
256,160
43,410
43,540
0
41,880
0
51,030
322,256
54,501
0
49,466
0
56,361
368,078
48,107
0
47,581
364,793
32,936
354,643
35,778
358,445
0
375,117
34,573
0
034,573375,1170358,44535,778354,64332,936364,79347,581048,107368,07856,361049,466054,501322,25651,030041,880043,54043,410256,16040,390253,97040,330262,94043,270268,29040,150266,53040,310287,70045,810294,26046,200296,50075,430049,420039,602038,44038,384038,8100000000000000000000000000
> Total Liabilities 
36,174,000
35,262,000
35,087,000
200,709
194,550
203,604
225,750
254,214
266,810
278,330
541,471
0
507,940
0
626,860
645,810
0
495,031
346,440
485,890
437,470
484,610
449,830
436,180
436,180
434,720
0
456,155
434,460
469,060
467,384
354,790
418,450
364,720
451,180
368,440
431,310
367,550
422,470
334,230
392,080
321,560
371,630
298,310
352,530
291,740
364,100
324,090
335,800
263,610
343,510
340,350
0
330,770
0
351,681
277,831
338,169
0
333,902
286,934
381,242
301,014
364,332
0
313,762
242,447
306,004
242,311
334,811
253,890
378,343
323,020
395,412
305,502
305,502395,412323,020378,343253,890334,811242,311306,004242,447313,7620364,332301,014381,242286,934333,9020338,169277,831351,6810330,7700340,350343,510263,610335,800324,090364,100291,740352,530298,310371,630321,560392,080334,230422,470367,550431,310368,440451,180364,720418,450354,790467,384469,060434,460456,1550434,720436,180436,180449,830484,610437,470485,890346,440495,0310645,810626,8600507,9400541,471278,330266,810254,214225,750203,604194,550200,70935,087,00035,262,00036,174,000
   > Total Current Liabilities 
15,468,000
17,996,000
16,697,000
90,710
94,470
87,842
100,060
124,698
123,420
130,020
265,191
0
217,430
0
344,623
413,590
0
307,114
164,560
292,220
218,310
296,570
275,930
253,430
253,430
204,990
0
312,067
300,440
334,390
326,661
192,750
274,370
260,980
301,180
267,390
302,500
204,000
280,990
155,110
268,170
147,490
256,400
151,130
252,250
144,730
262,440
142,080
231,300
135,850
239,070
216,050
0
220,660
0
244,167
121,616
227,471
0
233,900
114,067
252,847
122,867
243,395
205,755
163,899
116,548
163,815
126,979
191,978
164,158
232,286
200,385
247,724
200,672
200,672247,724200,385232,286164,158191,978126,979163,815116,548163,899205,755243,395122,867252,847114,067233,9000227,471121,616244,1670220,6600216,050239,070135,850231,300142,080262,440144,730252,250151,130256,400147,490268,170155,110280,990204,000302,500267,390301,180260,980274,370192,750326,661334,390300,440312,0670204,990253,430253,430275,930296,570218,310292,220164,560307,1140413,590344,6230217,4300265,191130,020123,420124,698100,06087,84294,47090,71016,697,00017,996,00015,468,000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,450
0
116,754
110,130
0
102,880
0
81,060
0
98,490
57,150
100,660
0
121,480
0
113,560
0
117,360
0
106,350
0
113,750
0
98,370
0
103,380
89,340
148,150
76,140
125,370
79,620
98,887
67,202
0
83,837
0
112,672
0
109,791
0
42,647
0
34,127
0
36,658
0
0
0
31,146
0
031,14600036,658034,127042,6470109,7910112,672083,837067,20298,88779,620125,37076,140148,15089,340103,380098,3700113,7500106,3500117,3600113,5600121,4800100,66057,15098,490081,0600102,8800110,130116,754042,4500000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
148,150
148,150
125,370
125,370
11,823
98,887
10,120
0
9,858
0
105,965
0
103,173
0
36,593
0
28,712
0
31,758
0
20,983
0
25,521
0
025,521020,983031,758028,712036,5930103,1730105,96509,858010,12098,88711,823125,370125,370148,150148,150000000000000000000000000000000000000000000000000000
       Accounts payable 
5,186,000
5,697,000
5,961,000
38,627
34,970
33,836
31,890
35,702
37,730
0
121,518
0
106,240
0
152,236
160,880
0
167,260
0
147,450
0
155,490
130,820
118,250
118,250
130,680
0
146,120
139,450
0
174,280
0
153,260
200,900
171,490
210,240
169,860
204,000
137,070
155,110
137,290
147,490
121,970
151,130
130,070
144,730
132,750
142,080
114,010
135,850
116,730
106,850
0
114,850
0
119,460
121,616
114,046
0
107,655
0
113,644
0
101,226
121,825
93,202
0
102,447
126,979
124,701
164,158
169,905
0
165,342
0
0165,3420169,905164,158124,701126,979102,447093,202121,825101,2260113,6440107,6550114,046121,616119,4600114,8500106,850116,730135,850114,010142,080132,750144,730130,070151,130121,970147,490137,290155,110137,070204,000169,860210,240171,490200,900153,2600174,2800139,450146,1200130,680118,250118,250130,820155,4900147,4500167,2600160,880152,2360106,2400121,518037,73035,70231,89033,83634,97038,6275,961,0005,697,0005,186,000
       Other Current Liabilities 
4,492,000
4,458,000
4,565,000
22,640
20,680
19,273
24,630
49,316
23,780
130,020
27,372
0
31,560
0
61,278
78,030
0
70,694
164,560
59,450
218,310
60,750
62,200
83,760
83,760
162,540
0
49,193
190,310
334,390
49,501
192,750
40,050
0
31,200
210,240
31,980
204,000
14,210
155,110
17,320
147,490
9,600
151,130
15,830
144,730
10,700
142,080
18,920
135,850
18,080
19,860
0
29,670
0
45,087
121,616
41,996
0
42,408
114,067
25,016
122,867
32,378
0
27,318
116,548
27,241
126,979
27,937
164,158
25,506
200,385
44,810
0
044,810200,38525,506164,15827,937126,97927,241116,54827,318032,378122,86725,016114,06742,408041,996121,61645,087029,670019,86018,080135,85018,920142,08010,700144,73015,830151,1309,600147,49017,320155,11014,210204,00031,980210,24031,200040,050192,75049,501334,390190,31049,1930162,54083,76083,76062,20060,750218,31059,450164,56070,694078,03061,278031,560027,372130,02023,78049,31624,63019,27320,68022,6404,565,0004,458,0004,492,000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
229,730
0
144,088
134,020
0
140,723
0
144,080
0
150,000
101,050
128,810
0
141,480
0
123,910
0
115,230
0
100,280
0
101,660
0
104,500
0
104,440
124,300
0
110,110
0
107,514
156,215
110,698
0
100,002
0
128,395
178,147
120,937
0
149,863
125,899
142,189
115,332
142,833
89,732
146,057
122,635
147,688
104,830
104,830147,688122,635146,05789,732142,833115,332142,189125,899149,8630120,937178,147128,3950100,0020110,698156,215107,5140110,1100124,300104,4400104,5000101,6600100,2800115,2300123,9100141,4800128,810101,050150,0000144,0800140,7230134,020144,0880229,7300000000000000000000000000
       Other Liabilities 
0
0
0
0
46,240
41,373
53,760
53,958
87,420
148,310
100,085
0
123,730
0
105,883
72,250
0
98,527
72,020
78,000
76,550
74,610
63,800
40,570
40,570
119,230
0
105,770
58,750
134,670
103,000
49,620
41,390
35,190
42,980
35,280
36,060
38,490
36,560
36,740
32,670
36,940
32,880
31,760
30,750
37,290
31,820
37,210
34,870
41,620
39,450
39,500
0
34,930
0
35,493
57,328
59,851
0
51,609
23,829
56,373
38,987
48,193
20,734
50,074
18,769
44,906
17,938
46,981
17,023
50,656
20,089
55,620
0
055,62020,08950,65617,02346,98117,93844,90618,76950,07420,73448,19338,98756,37323,82951,609059,85157,32835,493034,930039,50039,45041,62034,87037,21031,82037,29030,75031,76032,88036,94032,67036,74036,56038,49036,06035,28042,98035,19041,39049,620103,000134,67058,750105,7700119,23040,57040,57063,80074,61076,55078,00072,02098,527072,250105,8830123,7300100,085148,31087,42053,95853,76041,37346,2400000
> Total Stockholder Equity
21,223,000
21,463,000
22,609,000
137,875
144,900
144,138
127,080
113,771
94,610
90,340
106,612
108,844
251,330
253,870
371,511
358,000
359,970
446,210
465,620
462,230
459,460
457,570
255,920
237,210
237,210
205,120
205,380
193,893
191,770
195,470
198,702
196,480
186,740
181,390
180,741
178,580
173,870
168,000
171,070
171,390
172,210
170,370
176,020
177,120
168,190
169,310
174,340
174,660
175,880
183,800
195,070
219,830
219,830
229,980
229,980
247,492
252,567
261,249
261,249
272,669
272,697
271,525
278,334
292,083
0
282,327
282,530
284,215
291,730
300,625
304,227
331,613
341,809
355,759
355,399
355,399355,759341,809331,613304,227300,625291,730284,215282,530282,3270292,083278,334271,525272,697272,669261,249261,249252,567247,492229,980229,980219,830219,830195,070183,800175,880174,660174,340169,310168,190177,120176,020170,370172,210171,390171,070168,000173,870178,580180,741181,390186,740196,480198,702195,470191,770193,893205,380205,120237,210237,210255,920457,570459,460462,230465,620446,210359,970358,000371,511253,870251,330108,844106,61290,34094,610113,771127,080144,138144,900137,87522,609,00021,463,00021,223,000
   Common Stock
14,011,000
14,011,000
14,011,000
84,206
84,210
84,206
84,210
84,206
84,210
84,210
84,206
0
203,640
0
258,745
258,750
0
362,243
465,620
362,240
459,460
362,240
362,240
161,000
161,000
161,000
0
30,187
30,190
195,470
30,187
196,480
30,190
181,390
30,187
178,580
30,450
168,000
31,100
171,390
32,110
170,370
33,310
177,120
33,680
169,310
34,220
174,660
34,220
183,800
34,220
34,220
0
34,220
0
33,294
252,567
33,294
0
32,363
272,697
32,363
278,334
31,475
285,910
31,475
282,530
30,292
291,730
30,292
304,227
30,292
341,809
30,292
0
030,292341,80930,292304,22730,292291,73030,292282,53031,475285,91031,475278,33432,363272,69732,363033,294252,56733,294034,220034,22034,220183,80034,220174,66034,220169,31033,680177,12033,310170,37032,110171,39031,100168,00030,450178,58030,187181,39030,190196,48030,187195,47030,19030,1870161,000161,000161,000362,240362,240459,460362,240465,620362,2430258,750258,7450203,640084,20684,21084,21084,20684,21084,20684,21084,20614,011,00014,011,00014,011,000
   Retained Earnings 
52,000
294,000
1,146,000
0
7,350
0
0
0
0
0
21,226
0
41,790
0
10,863
22,230
0
0
0
0
0
0
0
3,540
3,540
0
0
-9,546
177,280
0
6,143
0
172,330
0
-5,703
0
159,930
0
-3,700
0
156,490
0
2,360
0
135,070
0
5,550
0
141,570
0
19,640
185,520
0
39,410
0
44,492
0
236,267
0
44,876
0
10,493
0
31,043
0
4,374
0
6,257
20,265
20,265
0
290,228
0
46,293
0
046,2930290,228020,26520,2656,25704,374031,043010,493044,8760236,267044,492039,4100185,52019,6400141,57005,5500135,07002,3600156,4900-3,7000159,9300-5,7030172,33006,1430177,280-9,546003,5403,540000000022,23010,863041,790021,226000007,35001,146,000294,00052,000
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000-11,7660-3,0010000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
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
205,120
0
173,252
191,770
0
162,372
0
186,740
0
156,257
178,580
143,420
168,000
143,670
171,390
140,100
0
140,350
177,120
134,510
169,310
134,570
174,660
141,660
183,800
141,210
185,610
0
195,760
0
169,706
252,567
227,955
0
195,430
0
228,669
278,334
229,565
0
282,327
282,530
247,666
291,730
300,625
304,227
17,615
341,809
279,174
0
0279,174341,80917,615304,227300,625291,730247,666282,530282,3270229,565278,334228,6690195,4300227,955252,567169,7060195,7600185,610141,210183,800141,660174,660134,570169,310134,510177,120140,3500140,100171,390143,670168,000143,420178,580156,2570186,7400162,3720191,770173,2520205,1200000000000000000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.