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Elia Group SA/NV
Buy, Hold or Sell?

Should you buy, hold or sell Elia?

I guess you are interested in Elia 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 Elia

Let's start. I'm going to help you getting a better view of Elia 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 Elia 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 Elia 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 Elia Group SA/NV. The closing price on 2023-01-25 was €134.60 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.
Elia Group SA/NV Daily Candlestick Chart
Elia Group SA/NV Daily Candlestick Chart
Summary









1. Valuation of Elia




Current price per share

€134.60

2. Growth of Elia




Is Elia growing?

Current yearPrevious yearGrowGrow %
How rich?$5.3b$4.9b$478.3m8.9%

How much money is Elia making?

Current yearPrevious yearGrowGrow %
Making money$321.5m$293.4m$28m8.7%
Net Profit Margin10.8%11.7%--

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

3. Financial Health of Elia




Comparing to competitors in the Utilities-Regulated Electric industry




  Industry Rankings (Utilities-Regulated Electric)  


Richest
#114 / 180

Most Revenue
#106 / 180

Most Profit
#84 / 180


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is 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 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 Elia Group SA/NV.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Elia to the Utilities-Regulated Electric industry mean.
  • A Net Profit Margin of 10.8% means that €0.11 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Elia Group SA/NV:

  • The MRQ is 10.8%. The company is making a huge profit. +2
  • The TTM is 10.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ10.8%TTM10.8%0.0%
TTM10.8%YOY11.7%-0.8%
TTM10.8%5Y15.6%-4.7%
5Y15.6%10Y17.5%-2.0%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ10.8%9.6%+1.2%
TTM10.8%7.8%+3.0%
YOY11.7%8.2%+3.5%
5Y15.6%7.0%+8.6%
10Y17.5%7.2%+10.3%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Elia to the Utilities-Regulated Electric industry mean.
  • 1.6% Return on Assets means that Elia generated €0.02 profit for each $1 in assets.

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

  • The MRQ is 1.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.6%TTM1.6%0.0%
TTM1.6%YOY1.8%-0.1%
TTM1.6%5Y2.2%-0.6%
5Y2.2%10Y2.5%-0.3%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6%0.8%+0.8%
TTM1.6%0.7%+0.9%
YOY1.8%0.8%+1.0%
5Y2.2%0.8%+1.4%
10Y2.5%0.7%+1.8%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Elia to the Utilities-Regulated Electric industry mean.
  • 6.5% Return on Equity means Elia generated €0.06 for each €1 the owners (shareholders) invested.

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

  • The MRQ is 6.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.5%TTM6.5%0.0%
TTM6.5%YOY6.5%+0.0%
TTM6.5%5Y7.3%-0.8%
5Y7.3%10Y7.5%-0.2%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ6.5%2.2%+4.3%
TTM6.5%2.2%+4.3%
YOY6.5%2.3%+4.2%
5Y7.3%2.2%+5.1%
10Y7.5%2.1%+5.4%

1.2. Operating Efficiency of Elia Group SA/NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Elia is operating .

  • Measures how much profit Elia 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 Elia to the Utilities-Regulated Electric industry mean.
  • An Operating Margin of 18.8% means the company generated €0.19  for each €1 in revenue (before taxes).

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

  • The MRQ is 18.8%. The company is operating efficient. +1
  • The TTM is 18.8%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ18.8%TTM18.8%0.0%
TTM18.8%YOY22.5%-3.6%
TTM18.8%5Y26.5%-7.6%
5Y26.5%10Y30.8%-4.3%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ18.8%16.1%+2.7%
TTM18.8%14.6%+4.2%
YOY22.5%14.2%+8.3%
5Y26.5%12.7%+13.8%
10Y30.8%11.7%+19.1%
1.2.2. Operating Ratio

Measures how efficient Elia is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities-Regulated Electric industry mean).
  • An Operation Ratio of 0.77 means that the operating costs are €0.77 for each €1 in net sales.

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

  • The MRQ is 0.766. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.766. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.766TTM0.7660.000
TTM0.766YOY0.742+0.024
TTM0.7665Y0.758+0.008
5Y0.75810Y0.765-0.007
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7661.087-0.321
TTM0.7661.111-0.345
YOY0.7421.070-0.328
5Y0.7581.006-0.248
10Y0.7650.998-0.233

1.3. Liquidity of Elia Group SA/NV.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Utilities-Regulated Electric industry mean).
  • A Current Ratio of 0.90 means the company has €0.90 in assets for each €1 in short-term debts.

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

  • The MRQ is 0.903. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.903. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.903TTM0.9030.000
TTM0.903YOY0.747+0.157
TTM0.9035Y0.645+0.258
5Y0.64510Y0.669-0.024
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9030.888+0.015
TTM0.9030.909-0.006
YOY0.7470.937-0.190
5Y0.6450.913-0.268
10Y0.6690.828-0.159
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Elia to the Utilities-Regulated Electric industry mean.
  • A Quick Ratio of 0.96 means the company can pay off €0.96 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 0.961. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.961. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.961TTM0.9610.000
TTM0.961YOY0.726+0.235
TTM0.9615Y0.642+0.319
5Y0.64210Y0.634+0.008
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9610.441+0.520
TTM0.9610.474+0.487
YOY0.7260.545+0.181
5Y0.6420.494+0.148
10Y0.6340.485+0.149

1.4. Solvency of Elia Group SA/NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Elia to Utilities-Regulated Electric industry mean.
  • A Debt to Asset Ratio of 0.73 means that Elia assets are financed with 72.8% credit (debt) and the remaining percentage (100% - 72.8%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.728. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.728. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.728TTM0.7280.000
TTM0.728YOY0.703+0.025
TTM0.7285Y0.689+0.039
5Y0.68910Y0.659+0.030
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7280.649+0.079
TTM0.7280.649+0.079
YOY0.7030.639+0.064
5Y0.6890.656+0.033
10Y0.6590.654+0.005
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Elia to the Utilities-Regulated Electric industry mean.
  • A Debt to Equity ratio of 290.0% means that company has €2.90 debt for each €1 in shareholders equity.

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

  • The MRQ is 2.900. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.900. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.900TTM2.9000.000
TTM2.900YOY2.556+0.345
TTM2.9005Y2.447+0.454
5Y2.44710Y2.077+0.370
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9001.865+1.035
TTM2.9001.903+0.997
YOY2.5561.915+0.641
5Y2.4472.092+0.355
10Y2.0772.047+0.030

2. Market Valuation of Elia 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 Elia generates.

  • Above 15 is considered overpriced but always compare Elia to the Utilities-Regulated Electric industry mean.
  • A PE ratio of 30.80 means the investor is paying €30.80 for every €1 in earnings.

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

  • The EOD is 35.829. Good. +1
  • The MRQ is 30.798. Good. +1
  • The TTM is 30.798. Good. +1
Trends
Current periodCompared to+/- 
EOD35.829MRQ30.798+5.031
MRQ30.798TTM30.7980.000
TTM30.798YOY28.641+2.157
TTM30.7985Y22.945+7.853
5Y22.94510Y19.664+3.281
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
EOD35.82927.215+8.614
MRQ30.79830.585+0.213
TTM30.79825.674+5.124
YOY28.64129.084-0.443
5Y22.94529.099-6.154
10Y19.66423.286-3.622
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Elia.

  • 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 Elia Group SA/NV:

  • The MRQ is 27.908. Seems overpriced? -1
  • The TTM is 27.908. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ27.908TTM27.9080.000
TTM27.908YOY29.122-1.214
TTM27.9085Y21.621+6.287
5Y21.62110Y18.760+2.862
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ27.9080.057+27.851
TTM27.9080.073+27.835
YOY29.1220.061+29.061
5Y21.6210.098+21.523
10Y18.7600.063+18.697

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

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

  • At or below 1 is considered healthy (always compare to Utilities-Regulated Electric industry mean).
  • A PB ratio of 1.72 means the investor is paying €1.72 for each €1 in book value.

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

  • The EOD is 2.002. Good. +1
  • The MRQ is 1.721. Good. +1
  • The TTM is 1.721. Good. +1
Trends
Current periodCompared to+/- 
EOD2.002MRQ1.721+0.281
MRQ1.721TTM1.7210.000
TTM1.721YOY1.592+0.129
TTM1.7215Y1.426+0.295
5Y1.42610Y1.344+0.082
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
EOD2.0021.089+0.913
MRQ1.7211.252+0.469
TTM1.7211.151+0.570
YOY1.5921.112+0.480
5Y1.4260.949+0.477
10Y1.3440.780+0.564
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Elia 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--5.9785.9780%2.285+162%6.606-10%3.937+52%
Book Value Growth--1.0981.0980%1.039+6%1.152-5%1.097+0%
Book Value Per Share--67.22967.2290%61.251+10%54.887+22%43.138+56%
Book Value Per Share Growth--1.0981.0980%1.039+6%1.152-5%1.097+0%
Current Ratio--0.9030.9030%0.747+21%0.645+40%0.669+35%
Debt To Asset Ratio--0.7280.7280%0.703+3%0.689+6%0.659+10%
Debt To Equity Ratio--2.9002.9000%2.556+13%2.447+19%2.077+40%
Dividend Per Share--1.5991.5990%1.579+1%1.442+11%1.347+19%
Dividend Per Share Growth--1.0131.0130%1.145-12%1.046-3%1.034-2%
Eps--3.7573.7570%3.404+10%3.442+9%2.937+28%
Eps Growth--1.1041.1040%0.983+12%1.098+1%1.081+2%
Free Cash Flow Per Share--37.20037.2000%-24.755+167%-1.686+105%-0.621+102%
Free Cash Flow Per Share Growth--3.5033.5030%0.326+974%-1.125+132%14.607-76%
Free Cash Flow To Equity Per Share--32.56432.5640%-5.690+117%5.503+492%2.555+1174%
Free Cash Flow To Equity Per Share Growth--7.7237.7230%1.471+425%3.509+120%0.756+922%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--1058.757--------
Intrinsic Value_10Y_min---19.704--------
Intrinsic Value_1Y_max--52.170--------
Intrinsic Value_1Y_min---1.093--------
Intrinsic Value_3Y_max--197.847--------
Intrinsic Value_3Y_min---4.067--------
Intrinsic Value_5Y_max--393.073--------
Intrinsic Value_5Y_min---7.877--------
Net Profit Margin--0.1080.1080%0.117-7%0.156-30%0.175-38%
Operating Margin--0.1880.1880%0.225-16%0.265-29%0.308-39%
Operating Ratio--0.7660.7660%0.742+3%0.758+1%0.765+0%
Pb Ratio2.002+14%1.7211.7210%1.592+8%1.426+21%1.344+28%
Pe Ratio35.829+14%30.79830.7980%28.641+8%22.945+34%19.664+57%
Peg Ratio--27.90827.9080%29.122-4%21.621+29%18.760+49%
Price Per Share134.600+14%115.700115.7000%97.500+19%79.700+45%59.743+94%
Price To Total Gains Ratio17.763+14%15.26915.2690%25.231-39%13.631+12%14.763+3%
Profit Growth--1.0961.0960%0.985+11%1.111-1%1.087+1%
Quick Ratio--0.9610.9610%0.726+32%0.642+50%0.634+52%
Return On Assets--0.0160.0160%0.018-8%0.022-25%0.025-36%
Return On Equity--0.0650.0650%0.065+0%0.073-11%0.075-14%
Revenue Growth--1.1801.1800%1.030+15%1.335-12%1.140+3%
Total Gains Per Share--7.5777.5770%3.864+96%8.048-6%5.284+43%
Total Gains Per Share Growth--1.9611.9610%0.415+373%1.893+4%1.500+31%
Usd Book Value--5379282720.0005379282720.0000%4900950000.000+10%4391686840.000+22%3451630175.000+56%
Usd Book Value Change Per Share--6.5116.5110%2.489+162%7.194-10%4.288+52%
Usd Book Value Per Share--73.21973.2190%66.709+10%59.777+22%46.981+56%
Usd Dividend Per Share--1.7421.7420%1.720+1%1.570+11%1.467+19%
Usd Eps--4.0914.0910%3.708+10%3.748+9%3.199+28%
Usd Free Cash Flow--2976510300.0002976510300.0000%-1980746170.000+167%-134874144.000+105%-49652069.000+102%
Usd Free Cash Flow Per Share--40.51440.5140%-26.961+167%-1.836+105%-0.676+102%
Usd Free Cash Flow To Equity Per Share--35.46535.4650%-6.196+117%5.993+492%2.783+1174%
Usd Price Per Share146.593+14%126.009126.0090%106.187+19%86.801+45%65.066+94%
Usd Profit--321502320.000321502320.0000%293403540.000+10%293773834.000+9%244241566.000+32%
Usd Revenue--2967470770.0002967470770.0000%2515712090.000+18%2162560524.000+37%1616790732.000+84%
Usd Total Gains Per Share--8.2538.2530%4.209+96%8.765-6%5.754+43%
 EOD+2 -3MRQTTM+0 -0YOY+31 -115Y+22 -2010Y+29 -13

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1535.829
Price to Book Ratio (EOD)Between0-12.002
Net Profit Margin (MRQ)Greater than00.108
Operating Margin (MRQ)Greater than00.188
Quick Ratio (MRQ)Greater than10.961
Current Ratio (MRQ)Greater than10.903
Debt to Asset Ratio (MRQ)Less than10.728
Debt to Equity Ratio (MRQ)Less than12.900
Return on Equity (MRQ)Greater than0.150.065
Return on Assets (MRQ)Greater than0.050.016
Total3/10 (30.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.864
Ma 20Greater thanMa 50136.150
Ma 50Greater thanMa 100136.784
Ma 100Greater thanMa 200132.345
OpenGreater thanClose134.900
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  1,100300,300301,4008,500309,90017,000326,900-360,000-33,100



Latest Balance Sheet

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

Summary
Total Assets18,144,300
Total Liabilities13,205,100
Total Stockholder Equity4,552,800
 As reported
Total Liabilities 13,205,100
Total Stockholder Equity+ 4,552,800
Total Assets = 18,144,300

Assets

Total Assets18,144,300
Total Current Assets4,276,800
Long-term Assets4,276,800
Total Current Assets
Cash And Cash Equivalents 3,049,400
Short-term Investments 316,200
Net Receivables 870,400
Inventory 21,600
Total Current Assets  (as reported)4,276,800
Total Current Assets  (calculated)4,257,600
+/- 19,200
Long-term Assets
Property Plant Equipment 10,859,500
Goodwill 2,411,100
Intangible Assets 148,600
Long-term Assets Other 409,200
Long-term Assets  (as reported)13,867,500
Long-term Assets  (calculated)13,828,400
+/- 39,100

Liabilities & Shareholders' Equity

Total Current Liabilities4,734,600
Long-term Liabilities8,470,500
Total Stockholder Equity4,552,800
Total Current Liabilities
Short-term Debt 193,800
Short Long Term Debt 158,700
Accounts payable 905,300
Other Current Liabilities 1,410,000
Total Current Liabilities  (as reported)4,734,600
Total Current Liabilities  (calculated)2,667,800
+/- 2,066,800
Long-term Liabilities
Long term Debt 7,658,200
Capital Lease Obligations 118,800
Other Liabilities 729,600
Long-term Liabilities Other 900
Long-term Liabilities  (as reported)8,470,500
Long-term Liabilities  (calculated)8,507,500
+/- 37,000
Total Stockholder Equity
Common Stock1,709,200
Retained Earnings 1,509,200
Other Stockholders Equity 1,334,400
Total Stockholder Equity (as reported)4,552,800
Total Stockholder Equity (calculated)4,552,800
+/-0
Other
Capital Stock1,709,200
Cash and Short Term Investments 3,365,600
Common Stock Shares Outstanding 68,655
Liabilities and Stockholders Equity 17,757,900
Net Debt 4,886,100
Net Invested Capital 12,369,700
Net Tangible Assets 1,946,200
Net Working Capital -457,800
Short Long Term Debt Total 7,935,500



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-31
> Total Assets 
3,560,829
3,721,222
3,789,500
3,855,800
3,898,100
3,977,900
4,228,100
4,420,000
5,904,000
5,843,800
6,187,000
6,532,200
5,697,000
6,435,500
6,241,600
6,596,500
13,754,300
13,893,400
15,165,600
18,144,300
18,144,30015,165,60013,893,40013,754,3006,596,5006,241,6006,435,5005,697,0006,532,2006,187,0005,843,8005,904,0004,420,0004,228,1003,977,9003,898,1003,855,8003,789,5003,721,2223,560,829
   > Total Current Assets 
215,640
302,331
256,500
220,400
214,700
234,700
290,000
443,400
909,900
698,700
816,500
869,900
504,800
1,128,900
587,700
503,200
2,391,500
1,502,600
2,121,600
4,276,800
4,276,8002,121,6001,502,6002,391,500503,200587,7001,128,900504,800869,900816,500698,700909,900443,400290,000234,700214,700220,400256,500302,331215,640
       Cash And Cash Equivalents 
2,580
16,235
59,100
49,400
45,000
50,300
27,300
174,600
366,000
385,600
166,200
437,700
171,100
626,400
176,600
195,200
1,789,300
944,200
589,100
3,049,400
3,049,400589,100944,2001,789,300195,200176,600626,400171,100437,700166,200385,600366,000174,60027,30050,30045,00049,40059,10016,2352,580
       Short-term Investments 
44,900
55,614
47,233
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
316,200
316,200000000000000000047,23355,61444,900
       Net Receivables 
129,553
153,067
98,495
99,600
153,600
166,800
242,900
215,600
520,100
291,600
630,400
406,700
307,800
208,100
382,400
284,900
562,500
493,500
1,475,300
870,400
870,4001,475,300493,500562,500284,900382,400208,100307,800406,700630,400291,600520,100215,600242,900166,800153,60099,60098,495153,067129,553
       Inventory 
15,688
15,822
13,600
12,600
12,900
13,200
13,700
13,700
14,500
16,300
15,000
16,400
14,800
24,200
22,600
13,600
19,200
24,300
39,000
21,600
21,60039,00024,30019,20013,60022,60024,20014,80016,40015,00016,30014,50013,70013,70013,20012,90012,60013,60015,82215,688
   > Long-term Assets 
3,345,189
3,418,891
3,533,000
3,635,400
3,683,400
3,743,200
3,938,100
3,976,600
4,994,100
5,145,100
5,370,500
5,662,300
5,192,200
5,306,600
5,653,900
6,093,300
11,362,800
12,390,800
13,044,000
13,867,500
13,867,50013,044,00012,390,80011,362,8006,093,3005,653,9005,306,6005,192,2005,662,3005,370,5005,145,1004,994,1003,976,6003,938,1003,743,2003,683,4003,635,4003,533,0003,418,8913,345,189
       Property Plant Equipment 
3,342,651
3,412,627
1,797,300
1,891,300
1,943,300
1,993,200
2,060,400
2,089,600
3,010,900
3,150,500
3,319,300
3,629,800
2,478,900
2,687,200
2,956,500
3,202,400
8,456,200
9,445,600
10,094,400
10,859,500
10,859,50010,094,4009,445,6008,456,2003,202,4002,956,5002,687,2002,478,9003,629,8003,319,3003,150,5003,010,9002,089,6002,060,4001,993,2001,943,3001,891,3001,797,3003,412,6273,342,651
       Goodwill 
0
0
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
1,707,900
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
2,411,100
2,411,100
2,411,100
2,411,100
2,411,1002,411,1002,411,1002,411,1001,707,8001,707,8001,707,8001,707,8001,707,8001,707,8001,707,9001,707,8001,707,8001,707,8001,707,8001,707,8001,707,8001,707,80000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
706,700
731,800
793,600
832,600
928,800
163,100
431,700
0
0
00431,700163,100928,800832,600793,600731,800706,70000000000000
       Intangible Assets 
0
0
1,500
1,713,400
1,718,300
1,722,700
1,727,000
1,730,100
1,751,100
1,753,600
49,200
50,600
27,200
26,800
28,000
30,800
91,200
96,400
105,400
148,600
148,600105,40096,40091,20030,80028,00026,80027,20050,60049,2001,753,6001,751,1001,730,1001,727,0001,722,7001,718,3001,713,4001,50000
       Other Assets 
72
73
369
30,200
21,300
19,200
140,100
147,500
136,800
139,100
183,100
161,300
233,200
1,700
129,000
209,300
241,200
66,100
12,500
48,800
48,80012,50066,100241,200209,300129,0001,700233,200161,300183,100139,100136,800147,500140,10019,20021,30030,2003697372
> Total Liabilities 
2,497,111
2,637,209
2,728,000
2,573,100
2,589,500
2,638,000
2,878,400
3,052,900
3,896,800
3,796,900
4,078,500
4,323,100
3,411,100
4,021,100
3,729,000
3,954,700
10,005,400
9,561,300
10,665,600
13,205,100
13,205,10010,665,6009,561,30010,005,4003,954,7003,729,0004,021,1003,411,1004,323,1004,078,5003,796,9003,896,8003,052,9002,878,4002,638,0002,589,5002,573,1002,728,0002,637,2092,497,111
   > Total Current Liabilities 
1,091,244
1,621,309
657,700
237,800
287,000
292,400
1,103,600
248,200
685,800
593,400
1,428,300
1,477,500
599,900
1,290,800
1,001,000
970,200
3,716,400
3,636,400
2,842,000
4,734,600
4,734,6002,842,0003,636,4003,716,400970,2001,001,0001,290,800599,9001,477,5001,428,300593,400685,800248,2001,103,600292,400287,000237,800657,7001,621,3091,091,244
       Short-term Debt 
902,654
902,654
344,600
0
0
0
804,300
100
100
0
725,900
573,500
63,900
604,300
147,500
49,500
621,000
1,119,200
805,500
193,800
193,800805,5001,119,200621,00049,500147,500604,30063,900573,500725,9000100100804,300000344,600902,654902,654
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
2,898,600
63,900
604,300
147,500
49,500
621,000
1,105,100
793,700
158,700
158,700793,7001,105,100621,00049,500147,500604,30063,9002,898,60000000000000
       Accounts payable 
78,554
80,984
83,300
79,400
116,600
201,100
281,700
233,900
448,800
366,100
223,700
227,100
198,800
199,900
288,000
220,800
602,400
542,800
648,800
905,300
905,300648,800542,800602,400220,800288,000199,900198,800227,100223,700366,100448,800233,900281,700201,100116,60079,40083,30080,98478,554
       Other Current Liabilities 
110,036
637,671
229,800
158,400
170,400
91,300
17,600
14,200
236,900
227,300
478,700
676,900
337,200
486,600
565,500
699,900
1,242,800
1,297,000
1,237,300
1,410,000
1,410,0001,237,3001,297,0001,242,800699,900565,500486,600337,200676,900478,700227,300236,90014,20017,60091,300170,400158,400229,800637,671110,036
   > Long-term Liabilities 
1,405,867
1,015,900
2,070,300
2,335,300
2,302,500
2,345,600
1,774,800
2,804,700
3,211,000
3,203,500
2,650,200
2,845,600
2,811,200
2,730,300
2,728,000
2,984,500
6,289,000
5,924,900
7,823,600
8,470,500
8,470,5007,823,6005,924,9006,289,0002,984,5002,728,0002,730,3002,811,2002,845,6002,650,2003,203,5003,211,0002,804,7001,774,8002,345,6002,302,5002,335,3002,070,3001,015,9001,405,867
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
2,605,400
2,586,400
2,834,700
5,773,800
5,378,900
0
0
005,378,9005,773,8002,834,7002,586,4002,605,4000000000000000
       Long term Debt 
1,348,207
989,596
1,880,899
2,129,500
2,119,800
2,190,300
1,593,500
2,618,900
2,917,300
2,918,500
2,351,100
2,598,000
2,646,400
2,605,400
2,586,400
2,834,700
5,773,800
5,304,200
7,177,200
7,658,200
7,658,2007,177,2005,304,2005,773,8002,834,7002,586,4002,605,4002,646,4002,598,0002,351,1002,918,5002,917,3002,618,9001,593,5002,190,3002,119,8002,129,5001,880,899989,5961,348,207
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
88,800
84,200
118,800
118,80084,20088,80000000000000000000
       Other Liabilities 
57,660
26,304
28,692
201,800
178,100
150,000
174,800
179,100
200,400
217,400
233,100
214,800
159,100
106,900
132,200
213,200
512,300
541,500
574,000
729,600
729,600574,000541,500512,300213,200132,200106,900159,100214,800233,100217,400200,400179,100174,800150,000178,100201,80028,69226,30457,660
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,100
3,800
216,200
84,300
1,000
900
9001,00084,300216,2003,8005,10000000000000000
> Total Stockholder Equity
1,063,718
1,084,013
1,061,500
1,281,600
1,307,500
1,338,600
1,348,100
1,365,400
2,007,200
2,046,900
2,108,500
2,209,100
2,285,100
2,413,600
2,511,400
2,640,700
3,447,500
4,022,200
4,173,100
4,552,800
4,552,8004,173,1004,022,2003,447,5002,640,7002,511,4002,413,6002,285,1002,209,1002,108,5002,046,9002,007,2001,365,4001,348,1001,338,6001,307,5001,281,6001,061,5001,084,0131,063,718
   Common Stock
1,049,491
1,049,491
1,049,500
1,196,900
1,196,900
1,201,700
1,202,100
1,207,300
1,500,600
1,500,600
1,506,500
1,506,900
1,512,400
1,512,800
1,517,200
1,517,600
1,521,500
1,705,900
1,709,100
1,709,200
1,709,2001,709,1001,705,9001,521,5001,517,6001,517,2001,512,8001,512,4001,506,9001,506,5001,500,6001,500,6001,207,3001,202,1001,201,7001,196,9001,196,9001,049,5001,049,4911,049,491
   Retained Earnings Total Equity00000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
10,000
11,800
11,900
14,300
259,100
0
0
00259,10014,30011,90011,80010,0000000000000000
   Treasury Stock00000000000000000000
   Other Stockholders Equity 
14,227
34,522
8,100
7,400
21,600
30,500
13,500
25,900
39,200
52,800
68,200
87,900
109,600
136,800
178,600
184,900
887,300
1,126,500
1,133,500
1,334,400
1,334,4001,133,5001,126,500887,300184,900178,600136,800109,60087,90068,20052,80039,20025,90013,50030,50021,6007,4008,10034,52214,227



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.