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Fortum Oyj
Buy, Hold or Sell?

Let's analyze Fortum together

I guess you are interested in Fortum Oyj. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Fortum Oyj. 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.

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Quick analysis of Fortum (30 sec.)










What can you expect buying and holding a share of Fortum? (30 sec.)

How much money do you get?

How much money do you get?
‚ā¨1.49
When do you have the money?
1 year
How often do you get paid?
87.5%

What is your share worth?

Current worth
‚ā¨9.35
Expected worth in 1 year
‚ā¨7.79
How sure are you?
75.0%

+ What do you gain per year?

Total Gains per Share
‚ā¨-0.19
Return On Investment
-1.4%

For what price can you sell your share?

Current Price per Share
‚ā¨13.90
Expected price per share
‚ā¨13.57 - ‚ā¨14.75
How sure are you?
50%
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1. Valuation of Fortum (5 min.)




Live pricePrice per Share (EOD)

‚ā¨13.90

Intrinsic Value Per Share

‚ā¨-23.47 - ‚ā¨-0.86

Total Value Per Share

‚ā¨-14.12 - ‚ā¨8.50

2. Growth of Fortum (5 min.)




Is Fortum growing?

Current yearPrevious yearGrowGrow %
How rich?$9b$6.8b$2b23.2%

How much money is Fortum making?

Current yearPrevious yearGrowGrow %
Making money-$586.6m-$1.8b$1.2b214.4%
Net Profit Margin-43.9%2.1%--

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

3. Financial Health of Fortum (5 min.)




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What can you expect buying and holding a share of Fortum? (5 min.)

Welcome investor! Fortum's management wants to use your money to grow the business. In return you get a share of Fortum.

What can you expect buying and holding a share of Fortum?

First you should know what it really means to hold a share of Fortum. And how you can make/lose money.

Speculation

The Price per Share of Fortum is ‚ā¨13.90. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Fortum.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Fortum, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ‚ā¨9.35. Based on the TTM, the Book Value Change Per Share is ‚ā¨-0.39 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨0.29 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ‚ā¨0.34 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Fortum.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps0.574.1%-0.65-4.7%3.6726.4%0.695.0%0.584.1%
Usd Book Value Change Per Share-0.13-0.9%-0.42-3.0%0.312.2%-0.21-1.5%-0.12-0.8%
Usd Dividend Per Share0.000.0%0.372.7%1.047.5%0.886.4%0.997.1%
Usd Total Gains Per Share-0.13-0.9%-0.05-0.4%1.359.7%0.674.8%0.876.3%
Usd Price Per Share12.41-12.95-15.65-19.07-18.62-
Price to Earnings Ratio5.45-6.22-0.22-5.58-14.22-
Price-to-Total Gains Ratio-95.09--16.85-2.86-50.64-47.87-
Price to Book Ratio1.22-1.30-3.69-1.80-1.51-
Price-to-Total Gains Ratio-95.09--16.85-2.86-50.64-47.87-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share15.07316
Number of shares66
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.370.88
Usd Book Value Change Per Share-0.42-0.21
Usd Total Gains Per Share-0.050.67
Gains per Quarter (66 shares)-3.4344.11
Gains per Year (66 shares)-13.74176.45
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
198-112-24233-57166
2196-224-38466-113342
3294-335-52699-170518
4392-447-66932-227694
5490-559-801165-283870
6589-671-941399-3401046
7687-783-1081632-3971222
8785-895-1221865-4531398
9883-1006-1362098-5101574
10981-1118-1502331-5661750

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%7.05.00.058.3%15.05.00.075.0%32.08.00.080.0%73.08.00.090.1%
Book Value Change Per Share2.02.00.050.0%6.06.00.050.0%12.08.00.060.0%19.021.00.047.5%49.032.00.060.5%
Dividend per Share3.00.01.075.0%11.00.01.091.7%17.00.03.085.0%35.00.05.087.5%64.00.017.079.0%
Total Gains per Share2.02.00.050.0%6.06.00.050.0%13.07.00.065.0%30.010.00.075.0%66.015.00.081.5%
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Fundamentals of Fortum

About Fortum Oyj

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and solar power; and provides district heating and cooling, and decarbonization services. The company's Consumer Solutions segment engages in electricity and gas retail businesses, including the provision of invoicing and customer services; and electricity and related value-added products, as well as digital services. This segment serves approximately 2 million customers. Fortum Oyj was incorporated in 1998 and is headquartered in Espoo, Finland.

Fundamental data was last updated by Penke on 2024-07-19 18:29:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is 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.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is fair priced.
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1.1. Profitability of Fortum Oyj.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Fortum earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare¬†Fortum to the¬†Utilities - Renewable industry mean.
  • A Net Profit Margin of 23.4%¬†means that¬†€0.23 for each €1¬†in revenue is generated as profit.

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

  • The MRQ is 23.4%. The company is making a huge profit. +2
  • The TTM is -43.9%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ23.4%TTM-43.9%+67.2%
TTM-43.9%YOY2.1%-46.0%
TTM-43.9%5Y-0.3%-43.6%
5Y-0.3%10Y19.3%-19.6%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Fortum to the¬†Utilities - Renewable industry mean.
  • 2.5% Return on Assets means that¬†Fortum generated¬†€0.02 profit for each $1 in assets.

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

  • The MRQ is 2.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is -2.9%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ2.5%TTM-2.9%+5.3%
TTM-2.9%YOY-0.3%-2.5%
TTM-2.9%5Y-0.2%-2.6%
5Y-0.2%10Y0.7%-0.9%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Fortum to the¬†Utilities - Renewable industry mean.
  • 5.7% Return on Equity means Fortum generated €0.06¬†for each¬†€1 the owners (shareholders) invested.

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

  • The MRQ is 5.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is -7.3%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ5.7%TTM-7.3%+13.0%
TTM-7.3%YOY-91.1%+83.8%
TTM-7.3%5Y-20.1%+12.7%
5Y-20.1%10Y-8.6%-11.5%
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1.2. Operating Efficiency of Fortum Oyj.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Fortum is operating .

  • Measures how much profit Fortum 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¬†Fortum to the¬†Utilities - Renewable 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 Fortum Oyj:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM9.4%-9.4%
TTM9.4%YOY16.1%-6.7%
TTM9.4%5Y15.7%-6.3%
5Y15.7%10Y17.8%-2.1%
1.2.2. Operating Ratio

Measures how efficient Fortum is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Utilities - Renewable industry mean).
  • An Operation Ratio of 1.32 means that the operating costs are €1.32 for each €1 in net sales.

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

  • The MRQ is 1.321. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.212. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.321TTM1.212+0.108
TTM1.212YOY0.788+0.425
TTM1.2125Y0.923+0.289
5Y0.92310Y0.815+0.108
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1.3. Liquidity of Fortum Oyj.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Utilities - Renewable industry mean).
  • A Current Ratio of 1.70¬†means the company has €1.70 in assets for each €1 in short-term debts.

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

  • The MRQ is 1.695. The company is able to pay all its short-term debts. +1
  • The TTM is 1.944. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.695TTM1.944-0.249
TTM1.944YOY1.146+0.798
TTM1.9445Y1.387+0.558
5Y1.38710Y2.167-0.781
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Fortum to the¬†Utilities - Renewable industry mean.
  • A Quick Ratio of 0.23¬†means the company can pay off €0.23 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 0.230. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.763. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.230TTM0.763-0.533
TTM0.763YOY0.532+0.231
TTM0.7635Y0.558+0.204
5Y0.55810Y2.021-1.463
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1.4. Solvency of Fortum Oyj.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Fortum to Utilities - Renewable industry mean.
  • A Debt to Asset Ratio of 0.56¬†means that Fortum assets are¬†financed with 55.7% credit (debt) and the remaining percentage (100% - 55.7%)¬†is financed by its owners/shareholders.¬†

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

  • The MRQ is 0.557. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.562. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.557TTM0.562-0.004
TTM0.562YOY0.750-0.189
TTM0.5625Y0.692-0.130
5Y0.69210Y0.557+0.135
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Fortum to the¬†Utilities - Renewable industry mean.
  • A Debt to Equity ratio of 127.2% means that company has €1.27 debt for each €1 in shareholders equity.

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

  • The MRQ is 1.272. The company is able to pay all its debts with equity. +1
  • The TTM is 1.293. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.272TTM1.293-0.021
TTM1.293YOY30.874-29.581
TTM1.2935Y10.093-8.800
5Y10.09310Y5.422+4.671
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2. Market Valuation of Fortum Oyj

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but¬†always compare¬†Fortum to the¬†Utilities - Renewable industry mean.
  • A PE ratio of 5.45 means the investor is paying €5.45¬†for every €1 in earnings.

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

  • The EOD is 6.620. Based on the earnings, the company is cheap. +2
  • The MRQ is 5.451. Based on the earnings, the company is cheap. +2
  • The TTM is 6.216. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.620MRQ5.451+1.169
MRQ5.451TTM6.216-0.765
TTM6.216YOY0.224+5.992
TTM6.2165Y5.575+0.641
5Y5.57510Y14.216-8.641
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Fortum Oyj:

  • The EOD is 6.883. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 5.667. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 43.604. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD6.883MRQ5.667+1.216
MRQ5.667TTM43.604-37.936
TTM43.604YOY12.725+30.879
TTM43.6045Y45.491-1.887
5Y45.49110Y18.723+26.767
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Utilities - Renewable industry mean).
  • A PB ratio of 1.22 means the investor is paying €1.22¬†for each €1 in book value.

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

  • The EOD is 1.487. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.224. Based on the equity, the company is underpriced. +1
  • The TTM is 1.298. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.487MRQ1.224+0.263
MRQ1.224TTM1.298-0.074
TTM1.298YOY3.693-2.395
TTM1.2985Y1.800-0.501
5Y1.80010Y1.505+0.295
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Fortum Oyj 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---0.120-0.391+225%0.287-142%-0.198+64%-0.106-12%
Book Value Per Share--9.3519.213+1%7.073+32%12.750-27%13.449-30%
Current Ratio--1.6951.944-13%1.146+48%1.387+22%2.167-22%
Debt To Asset Ratio--0.5570.562-1%0.750-26%0.692-19%0.557+0%
Debt To Equity Ratio--1.2721.293-2%30.874-96%10.093-87%5.422-77%
Dividend Per Share---0.343-100%0.962-100%0.814-100%0.909-100%
Eps--0.525-0.602+215%3.387-85%0.639-18%0.531-1%
Free Cash Flow Per Share--0.5050.342+48%-2.666+628%-0.249+149%-0.051+110%
Free Cash Flow To Equity Per Share--0.5050.237+113%-0.973+293%0.329+54%0.046+995%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---0.855--------
Intrinsic Value_10Y_min---23.469--------
Intrinsic Value_1Y_max---0.189--------
Intrinsic Value_1Y_min---2.518--------
Intrinsic Value_3Y_max---0.488--------
Intrinsic Value_3Y_min---7.467--------
Intrinsic Value_5Y_max---0.693--------
Intrinsic Value_5Y_min---12.269--------
Market Cap12471969600.000+18%10269191801.92510716033252.411-4%12952005840.000-21%15795377668.650-35%15477175694.325-34%
Net Profit Margin--0.234-0.439+288%0.021+1017%-0.003+101%0.193+21%
Operating Margin---0.094-100%0.161-100%0.157-100%0.178-100%
Operating Ratio--1.3211.212+9%0.788+68%0.923+43%0.815+62%
Pb Ratio1.487+18%1.2241.298-6%3.693-67%1.800-32%1.505-19%
Pe Ratio6.620+18%5.4516.216-12%0.224+2339%5.575-2%14.216-62%
Price Per Share13.900+18%11.44511.941-4%14.435-21%17.586-35%17.166-33%
Price To Free Cash Flow Ratio6.883+18%5.66743.604-87%12.725-55%45.491-88%18.723-70%
Price To Total Gains Ratio-115.481-21%-95.085-16.849-82%2.858-3427%50.644-288%47.873-299%
Quick Ratio--0.2300.763-70%0.532-57%0.558-59%2.021-89%
Return On Assets--0.025-0.029+215%-0.003+112%-0.002+110%0.007+260%
Return On Equity--0.057-0.073+229%-0.911+1706%-0.201+454%-0.086+252%
Total Gains Per Share---0.120-0.048-60%1.249-110%0.616-120%0.802-115%
Usd Book Value--9098116000.0008965819200.000+1%6881602400.000+32%12422289980.000-27%13134388350.000-31%
Usd Book Value Change Per Share---0.131-0.424+225%0.311-142%-0.215+64%-0.115-12%
Usd Book Value Per Share--10.1409.991+1%7.670+32%13.826-27%14.584-30%
Usd Dividend Per Share---0.372-100%1.043-100%0.883-100%0.985-100%
Usd Eps--0.569-0.653+215%3.673-85%0.693-18%0.576-1%
Usd Free Cash Flow--491233200.000332368600.000+48%-2593884800.000+628%-242688720.000+149%-50045060.000+110%
Usd Free Cash Flow Per Share--0.5470.370+48%-2.891+628%-0.271+149%-0.056+110%
Usd Free Cash Flow To Equity Per Share--0.5470.257+113%-1.055+293%0.356+54%0.050+995%
Usd Market Cap13524603834.240+18%11135911590.00811620466458.915-4%14045155132.896-21%17128507543.884-35%16783449322.926-34%
Usd Price Per Share15.073+18%12.41112.949-4%15.653-21%19.070-35%18.615-33%
Usd Profit--510752400.000-586660400.000+215%-1844564400.000+461%-438748240.000+186%-13663440.000+103%
Usd Revenue--2185066000.0001751577100.000+25%12383034700.000-82%14147733040.000-85%7665379610.000-71%
Usd Total Gains Per Share---0.131-0.052-60%1.354-110%0.668-120%0.870-115%
 EOD+3 -5MRQTTM+23 -12YOY+18 -175Y+18 -1710Y+14 -21

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-156.620
Price to Book Ratio (EOD)Between0-11.487
Net Profit Margin (MRQ)Greater than00.234
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.230
Current Ratio (MRQ)Greater than11.695
Debt to Asset Ratio (MRQ)Less than10.557
Debt to Equity Ratio (MRQ)Less than11.272
Return on Equity (MRQ)Greater than0.150.057
Return on Assets (MRQ)Greater than0.050.025
Total4/10 (40.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.785
Ma 20Greater thanMa 5013.921
Ma 50Greater thanMa 10014.116
Ma 100Greater thanMa 20012.999
OpenGreater thanClose13.765
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets18,956,000
Total Liabilities10,566,000
Total Stockholder Equity8,305,000
 As reported
Total Liabilities 10,566,000
Total Stockholder Equity+ 8,305,000
Total Assets = 18,956,000

Assets

Total Assets18,956,000
Total Current Assets7,601,000
Long-term Assets11,355,000
Total Current Assets
Cash And Cash Equivalents 4,875,000
Net Receivables 1,030,000
Inventory 405,000
Total Current Assets  (as reported)7,601,000
Total Current Assets  (calculated)6,310,000
+/- 1,291,000
Long-term Assets
Property Plant Equipment 6,490,000
Long-term Assets Other 204,000
Long-term Assets  (as reported)11,355,000
Long-term Assets  (calculated)6,694,000
+/- 4,661,000

Liabilities & Shareholders' Equity

Total Current Liabilities4,484,000
Long-term Liabilities6,082,000
Total Stockholder Equity8,305,000
Total Current Liabilities
Short Long Term Debt 1,793,000
Accounts payable 1,989,000
Other Current Liabilities 98,000
Total Current Liabilities  (as reported)4,484,000
Total Current Liabilities  (calculated)3,880,000
+/- 604,000
Long-term Liabilities
Long term Debt 3,942,000
Capital Lease Obligations Min Short Term Debt118,000
Long-term Liabilities Other 119,000
Long-term Liabilities  (as reported)6,082,000
Long-term Liabilities  (calculated)4,179,000
+/- 1,903,000
Total Stockholder Equity
Retained Earnings 5,047,000
Total Stockholder Equity (as reported)8,305,000
Total Stockholder Equity (calculated)5,047,000
+/- 3,258,000
Other
Capital Stock3,046,000
Common Stock Shares Outstanding 897,264
Net Debt 860,000
Net Invested Capital 14,040,000
Net Working Capital 3,117,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-12-312000-06-30
> Total Assets 
14,982,000
14,828,000
14,282,000
14,294,000
17,556,000
17,960,000
16,494,000
16,562,000
16,310,000
16,240,000
16,491,000
16,704,000
16,145,000
14,632,000
14,841,000
15,130,000
14,701,000
16,702,000
16,904,000
16,839,000
17,739,000
17,451,000
17,669,000
17,674,000
21,491,000
20,531,000
20,546,000
20,278,000
21,709,000
19,473,000
19,559,000
19,841,000
21,318,000
20,606,000
21,202,000
21,964,000
22,617,000
21,519,000
21,509,000
22,998,000
24,119,000
22,619,000
24,145,000
24,628,000
25,535,000
23,974,000
23,830,000
24,420,000
23,673,000
22,030,000
21,640,000
21,375,000
22,182,000
24,548,000
22,599,000
22,767,000
23,095,000
21,243,000
21,338,000
21,964,000
22,192,000
20,283,000
21,460,000
21,753,000
21,272,000
22,045,000
22,082,000
22,409,000
23,363,000
22,813,000
22,858,000
23,364,000
68,550,000
57,984,000
53,645,000
57,810,000
63,416,000
87,600,000
164,425,000
149,661,000
206,425,000
231,669,000
31,719,000
23,642,000
21,334,000
18,930,000
18,842,000
18,739,000
18,956,000
18,956,00018,739,00018,842,00018,930,00021,334,00023,642,00031,719,000231,669,000206,425,000149,661,000164,425,00087,600,00063,416,00057,810,00053,645,00057,984,00068,550,00023,364,00022,858,00022,813,00023,363,00022,409,00022,082,00022,045,00021,272,00021,753,00021,460,00020,283,00022,192,00021,964,00021,338,00021,243,00023,095,00022,767,00022,599,00024,548,00022,182,00021,375,00021,640,00022,030,00023,673,00024,420,00023,830,00023,974,00025,535,00024,628,00024,145,00022,619,00024,119,00022,998,00021,509,00021,519,00022,617,00021,964,00021,202,00020,606,00021,318,00019,841,00019,559,00019,473,00021,709,00020,278,00020,546,00020,531,00021,491,00017,674,00017,669,00017,451,00017,739,00016,839,00016,904,00016,702,00014,701,00015,130,00014,841,00014,632,00016,145,00016,704,00016,491,00016,240,00016,310,00016,562,00016,494,00017,960,00017,556,00014,294,00014,282,00014,828,00014,982,000
   > 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
0
0
0
0
0
0
2,549,000
3,239,000
2,107,000
2,347,000
2,529,000
3,120,000
2,201,000
2,171,000
2,788,000
3,517,000
1,977,000
2,669,000
2,884,000
3,559,000
2,722,000
2,380,000
4,147,000
4,460,000
3,330,000
3,210,000
4,300,000
7,212,000
9,857,000
9,238,000
9,610,000
9,549,000
7,638,000
6,895,000
7,045,000
6,930,000
5,510,000
5,599,000
5,916,000
5,769,000
3,147,000
3,088,000
3,345,000
3,975,000
3,170,000
3,248,000
3,795,000
32,602,000
22,251,000
19,330,000
22,362,000
26,530,000
44,297,000
95,523,000
100,262,000
138,437,000
138,356,000
17,076,000
10,971,000
8,935,000
8,025,000
7,762,000
7,349,000
7,601,000
7,601,0007,349,0007,762,0008,025,0008,935,00010,971,00017,076,000138,356,000138,437,000100,262,00095,523,00044,297,00026,530,00022,362,00019,330,00022,251,00032,602,0003,795,0003,248,0003,170,0003,975,0003,345,0003,088,0003,147,0005,769,0005,916,0005,599,0005,510,0006,930,0007,045,0006,895,0007,638,0009,549,0009,610,0009,238,0009,857,0007,212,0004,300,0003,210,0003,330,0004,460,0004,147,0002,380,0002,722,0003,559,0002,884,0002,669,0001,977,0003,517,0002,788,0002,171,0002,201,0003,120,0002,529,0002,347,0002,107,0003,239,0002,549,0000000000000000000000000000000000
       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
0
0
0
0
0
0
890,000
1,498,000
694,000
980,000
556,000
1,329,000
811,000
685,000
731,000
1,574,000
404,000
1,117,000
963,000
1,719,000
1,028,000
1,095,000
1,254,000
2,989,000
2,157,000
2,178,000
2,009,000
1,773,000
2,774,000
2,390,000
3,289,000
4,440,000
3,303,000
1,762,000
1,679,000
2,738,000
2,829,000
2,853,000
3,181,000
3,420,000
701,000
699,000
556,000
1,655,000
1,200,000
1,294,000
1,357,000
3,963,000
2,403,000
2,474,000
2,308,000
2,681,000
1,703,000
6,235,000
7,592,000
6,419,000
4,165,000
3,638,000
3,918,000
3,729,000
4,156,000
4,552,000
4,183,000
4,875,000
4,875,0004,183,0004,552,0004,156,0003,729,0003,918,0003,638,0004,165,0006,419,0007,592,0006,235,0001,703,0002,681,0002,308,0002,474,0002,403,0003,963,0001,357,0001,294,0001,200,0001,655,000556,000699,000701,0003,420,0003,181,0002,853,0002,829,0002,738,0001,679,0001,762,0003,303,0004,440,0003,289,0002,390,0002,774,0001,773,0002,009,0002,178,0002,157,0002,989,0001,254,0001,095,0001,028,0001,719,000963,0001,117,000404,0001,574,000731,000685,000811,0001,329,000556,000980,000694,0001,498,000890,0000000000000000000000000000000000
       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
182,000
168,000
142,000
128,000
148,000
156,000
193,000
291,000
326,000
385,000
358,000
326,000
0
-1,786,000
-1,730,000
-1,737,000
0
-2,987,000
-2,745,000
-2,574,000
757,000
1,494,000
5,837,000
5,642,000
4,913,000
3,788,000
2,847,000
3,561,000
3,475,000
2,484,000
1,277,000
1,023,000
715,000
84,000
68,000
31,000
29,000
37,000
98,000
136,000
76,000
117,000
-6,886,000
-6,163,000
410,000
-7,130,000
-14,306,000
-38,290,000
13,000
53,000
48,000
115,000
148,000
41,000
-874,000
0
0
0
000-874,00041,000148,000115,00048,00053,00013,000-38,290,000-14,306,000-7,130,000410,000-6,163,000-6,886,000117,00076,000136,00098,00037,00029,00031,00068,00084,000715,0001,023,0001,277,0002,484,0003,475,0003,561,0002,847,0003,788,0004,913,0005,642,0005,837,0001,494,000757,000-2,574,000-2,745,000-2,987,0000-1,737,000-1,730,000-1,786,0000326,000358,000385,000326,000291,000193,000156,000148,000128,000142,000168,000182,0000000000000000000000000000000000
       Net Receivables 
1,617,000
1,411,000
0
1,385,000
1,638,000
1,547,000
1,382,000
1,257,000
1,476,000
1,209,000
1,216,000
1,198,000
1,933,000
961,000
859,000
882,000
1,167,000
1,124,000
1,187,000
1,052,000
1,099,000
863,000
718,000
1,034,000
1,340,000
1,015,000
1,144,000
1,235,000
1,176,000
806,000
712,000
1,030,000
1,217,000
853,000
784,000
1,284,000
1,189,000
787,000
724,000
1,020,000
1,079,000
745,000
739,000
1,270,000
1,309,000
825,000
741,000
1,048,000
852,000
910,000
774,000
1,277,000
637,000
612,000
574,000
822,000
700,000
841,000
1,332,000
1,657,000
1,090,000
1,169,000
1,489,000
1,802,000
2,046,000
2,134,000
1,118,000
2,528,000
1,279,000
1,627,000
1,574,000
1,170,000
8,263,000
6,317,000
7,860,000
410,000
9,227,000
8,065,000
9,671,000
13,000
13,596,000
11,079,000
5,232,000
1,767,000
1,419,000
851,000
966,000
1,120,000
1,030,000
1,030,0001,120,000966,000851,0001,419,0001,767,0005,232,00011,079,00013,596,00013,0009,671,0008,065,0009,227,000410,0007,860,0006,317,0008,263,0001,170,0001,574,0001,627,0001,279,0002,528,0001,118,0002,134,0002,046,0001,802,0001,489,0001,169,0001,090,0001,657,0001,332,000841,000700,000822,000574,000612,000637,0001,277,000774,000910,000852,0001,048,000741,000825,0001,309,0001,270,000739,000745,0001,079,0001,020,000724,000787,0001,189,0001,284,000784,000853,0001,217,0001,030,000712,000806,0001,176,0001,235,0001,144,0001,015,0001,340,0001,034,000718,000863,0001,099,0001,052,0001,187,0001,124,0001,167,000882,000859,000961,0001,933,0001,198,0001,216,0001,209,0001,476,0001,257,0001,382,0001,547,0001,638,0001,385,00001,411,0001,617,000
       Other Current Assets 
0
522,000
0
381,000
0
480,000
0
143,000
0
0
0
103,000
0
0
0
129,000
0
0
0
198,000
329,000
181,000
125,000
140,000
185,000
260,000
368,000
761,000
718,000
371,000
380,000
1,030,000
1,217,000
853,000
784,000
154,000
128,000
787,000
724,000
183,000
1,079,000
745,000
739,000
1,493,000
1,511,000
1,322,000
909,000
2,518,000
1,234,000
1,000
1,000
1,000
3,698,000
976,000
948,000
1,177,000
1,116,000
1,254,000
-1,000
1,000
1,493,000
1,000
1,000
2,000
1,000
1,000
2,106,000
-1,000
2,048,000
-2,000
-1,000
2,132,000
26,697,000
17,754,000
15,034,000
18,248,000
22,270,000
40,549,000
86,446,000
90,382,000
128,123,000
130,208,000
13,131,000
6,588,000
1,278,000
1,071,000
1,854,000
0
0
001,854,0001,071,0001,278,0006,588,00013,131,000130,208,000128,123,00090,382,00086,446,00040,549,00022,270,00018,248,00015,034,00017,754,00026,697,0002,132,000-1,000-2,0002,048,000-1,0002,106,0001,0001,0002,0001,0001,0001,493,0001,000-1,0001,254,0001,116,0001,177,000948,000976,0003,698,0001,0001,0001,0001,234,0002,518,000909,0001,322,0001,511,0001,493,000739,000745,0001,079,000183,000724,000787,000128,000154,000784,000853,0001,217,0001,030,000380,000371,000718,000761,000368,000260,000185,000140,000125,000181,000329,000198,000000129,000000103,000000143,0000480,0000381,0000522,0000
   > 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
0
0
0
0
0
0
17,292,000
18,079,000
18,499,000
18,855,000
19,435,000
19,497,000
19,318,000
19,338,000
20,210,000
20,602,000
20,642,000
21,476,000
21,744,000
21,976,000
21,252,000
21,450,000
20,273,000
19,213,000
18,699,000
18,429,000
17,074,000
14,969,000
14,692,000
13,362,000
13,157,000
13,546,000
13,605,000
14,445,000
14,918,000
15,262,000
14,772,000
15,860,000
15,835,000
15,502,000
18,898,000
18,994,000
19,065,000
19,388,000
19,645,000
19,612,000
19,571,000
35,947,000
35,732,000
34,316,000
35,448,000
36,872,000
43,302,000
68,901,000
49,399,000
67,987,000
93,313,000
14,644,000
12,668,000
12,400,000
10,905,000
11,079,000
11,392,000
11,355,000
11,355,00011,392,00011,079,00010,905,00012,400,00012,668,00014,644,00093,313,00067,987,00049,399,00068,901,00043,302,00036,872,00035,448,00034,316,00035,732,00035,947,00019,571,00019,612,00019,645,00019,388,00019,065,00018,994,00018,898,00015,502,00015,835,00015,860,00014,772,00015,262,00014,918,00014,445,00013,605,00013,546,00013,157,00013,362,00014,692,00014,969,00017,074,00018,429,00018,699,00019,213,00020,273,00021,450,00021,252,00021,976,00021,744,00021,476,00020,642,00020,602,00020,210,00019,338,00019,318,00019,497,00019,435,00018,855,00018,499,00018,079,00017,292,0000000000000000000000000000000000
       Property Plant Equipment 
0
9,593,000
0
9,439,000
14,868,000
12,712,000
0
11,632,000
11,446,000
11,550,000
11,681,000
11,824,000
10,241,000
9,965,000
10,039,000
9,934,000
10,077,000
11,244,000
11,255,000
11,070,000
11,192,000
11,311,000
11,407,000
10,765,000
12,970,000
13,118,000
13,037,000
11,127,000
11,954,000
12,172,000
12,683,000
12,855,000
13,522,000
13,919,000
14,193,000
14,621,000
14,717,000
14,685,000
14,589,000
15,234,000
15,541,000
15,625,000
16,291,000
16,497,000
16,816,000
16,251,000
16,424,000
15,201,000
12,536,000
12,327,000
12,233,000
11,195,000
9,074,000
9,146,000
8,764,000
8,710,000
8,770,000
8,864,000
9,563,000
9,930,000
10,207,000
9,882,000
10,603,000
10,510,000
10,245,000
10,088,000
9,969,000
9,981,000
10,231,000
10,288,000
10,233,000
10,123,000
18,716,000
19,404,000
18,779,000
19,367,000
19,056,000
19,029,000
19,052,000
19,049,000
17,111,000
18,336,000
8,252,000
7,266,000
7,170,000
6,226,000
6,366,000
6,612,000
6,490,000
6,490,0006,612,0006,366,0006,226,0007,170,0007,266,0008,252,00018,336,00017,111,00019,049,00019,052,00019,029,00019,056,00019,367,00018,779,00019,404,00018,716,00010,123,00010,233,00010,288,00010,231,0009,981,0009,969,00010,088,00010,245,00010,510,00010,603,0009,882,00010,207,0009,930,0009,563,0008,864,0008,770,0008,710,0008,764,0009,146,0009,074,00011,195,00012,233,00012,327,00012,536,00015,201,00016,424,00016,251,00016,816,00016,497,00016,291,00015,625,00015,541,00015,234,00014,589,00014,685,00014,717,00014,621,00014,193,00013,919,00013,522,00012,855,00012,683,00012,172,00011,954,00011,127,00013,037,00013,118,00012,970,00010,765,00011,407,00011,311,00011,192,00011,070,00011,255,00011,244,00010,077,0009,934,00010,039,0009,965,00010,241,00011,824,00011,681,00011,550,00011,446,00011,632,000012,712,00014,868,0009,439,00009,593,0000
       Goodwill 
0
325,000
0
294,000
0
102,000
0
84,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
298,000
0
280,000
280,000
285,000
310,000
321,000
295,000
301,000
305,000
304,000
284,000
294,000
313,000
301,000
310,000
309,000
131,000
291,000
285,000
275,000
256,000
265,000
247,000
170,000
197,000
197,000
168,000
153,000
190,000
193,000
336,000
353,000
367,000
347,000
633,000
613,000
614,000
614,000
609,000
588,000
611,000
613,000
608,000
612,000
724,000
750,000
724,000
1,069,000
1,015,000
1,014,000
1,018,000
1,021,000
816,000
768,000
248,000
250,000
0
0
0
249,000
0
0249,000000250,000248,000768,000816,0001,021,0001,018,0001,014,0001,015,0001,069,000724,000750,000724,000612,000608,000613,000611,000588,000609,000614,000614,000613,000633,000347,000367,000353,000336,000193,000190,000153,000168,000197,000197,000170,000247,000265,000256,000275,000285,000291,000131,000309,000310,000301,000313,000294,000284,000304,000305,000301,000295,000321,000310,000285,000280,000280,0000298,000000000000000000000084,0000102,0000294,0000325,0000
       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
0
0
0
0
0
0
0
0
0
2,551,000
2,449,000
2,172,000
2,204,000
2,320,000
5,884,000
6,062,000
6,179,000
6,234,000
6,522,000
6,598,000
6,667,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000006,667,0006,598,0006,522,0006,234,0006,179,0006,062,0005,884,0002,320,0002,204,0002,172,0002,449,0002,551,000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
349,000
0
316,000
0
129,000
0
84,000
156,000
138,000
112,000
9,000
185,000
82,000
82,000
80,000
85,000
121,000
88,000
96,000
89,000
79,000
76,000
85,000
416,000
426,000
427,000
395,000
370,000
363,000
365,000
391,000
413,000
411,000
382,000
421,000
435,000
416,000
464,000
502,000
524,000
479,000
418,000
133,000
313,000
119,000
131,000
117,000
125,000
364,000
99,000
106,000
80,000
65,000
64,000
69,000
99,000
93,000
96,000
114,000
140,000
139,000
443,000
451,000
480,000
496,000
488,000
499,000
508,000
500,000
494,000
531,000
1,461,000
1,200,000
1,193,000
1,739,000
1,697,000
1,355,000
1,191,000
1,146,000
1,138,000
1,129,000
406,000
407,000
629,000
606,000
643,000
394,000
0
0394,000643,000606,000629,000407,000406,0001,129,0001,138,0001,146,0001,191,0001,355,0001,697,0001,739,0001,193,0001,200,0001,461,000531,000494,000500,000508,000499,000488,000496,000480,000451,000443,000139,000140,000114,00096,00093,00099,00069,00064,00065,00080,000106,00099,000364,000125,000117,000131,000119,000313,000133,000418,000479,000524,000502,000464,000416,000435,000421,000382,000411,000413,000391,000365,000363,000370,000395,000427,000426,000416,00085,00076,00079,00089,00096,00088,000121,00085,00080,00082,00082,000185,0009,000112,000138,000156,00084,0000129,0000316,0000349,0000
       Other Assets 
0
2,043,000
0
1,889,000
0
2,125,000
0
2,540,000
2,605,000
2,685,000
2,667,000
2,774,000
3,029,000
2,920,000
2,903,000
3,141,000
3,029,000
3,430,000
3,377,000
4,033,000
3,766,000
3,916,000
4,283,000
5,023,000
4,462,000
4,575,000
4,460,000
5,390,000
4,432,000
4,253,000
4,506,000
5,528,000
4,557,000
4,580,000
4,662,000
6,463,000
4,780,000
4,633,000
4,749,000
6,840,000
5,061,000
5,017,000
5,185,000
7,797,000
5,160,000
5,001,000
5,026,000
6,670,000
6,677,000
1,000
1,000
1,000
1,000
-1,000
-1,000
5,202,000
4,776,000
4,741,000
-2,000
1,000
5,055,000
1,000
1,000
2,000
1,000
1,815,000
1,866,000
-1,000
1,804,000
-2,000
-2,000
-2,000
1,000
1,000
-1,000
11,523,000
14,000
1,000
1,000
26,553,000
1,000
69,811,000
-1,000
3,000
-1,000
1,502,000
2,814,000
0
0
002,814,0001,502,000-1,0003,000-1,00069,811,0001,00026,553,0001,0001,00014,00011,523,000-1,0001,0001,000-2,000-2,000-2,0001,804,000-1,0001,866,0001,815,0001,0002,0001,0001,0005,055,0001,000-2,0004,741,0004,776,0005,202,000-1,000-1,0001,0001,0001,0001,0006,677,0006,670,0005,026,0005,001,0005,160,0007,797,0005,185,0005,017,0005,061,0006,840,0004,749,0004,633,0004,780,0006,463,0004,662,0004,580,0004,557,0005,528,0004,506,0004,253,0004,432,0005,390,0004,460,0004,575,0004,462,0005,023,0004,283,0003,916,0003,766,0004,033,0003,377,0003,430,0003,029,0003,141,0002,903,0002,920,0003,029,0002,774,0002,667,0002,685,0002,605,0002,540,00002,125,00001,889,00002,043,0000
> Total Liabilities 
8,849,000
8,525,000
7,865,000
7,539,000
10,431,000
10,632,000
9,033,000
9,924,000
9,689,000
9,281,000
9,290,000
9,049,000
9,274,000
7,792,000
7,802,000
7,719,000
8,203,000
9,564,000
9,658,000
8,678,000
10,145,000
9,437,000
9,176,000
9,023,000
12,088,000
12,439,000
12,489,000
11,867,000
12,980,000
11,570,000
11,231,000
11,350,000
12,853,000
11,944,000
12,466,000
13,222,000
13,753,000
12,115,000
12,089,000
12,837,000
13,200,000
12,595,000
13,906,000
13,807,000
14,365,000
13,689,000
13,609,000
13,758,000
11,467,000
10,521,000
10,304,000
10,440,000
11,681,000
9,580,000
8,726,000
8,904,000
8,827,000
7,908,000
8,160,000
8,421,000
8,044,000
7,563,000
8,258,000
8,466,000
8,900,000
9,952,000
9,855,000
10,332,000
11,422,000
10,193,000
10,219,000
10,130,000
51,582,000
41,719,000
38,399,000
42,233,000
46,203,000
72,329,000
151,233,000
135,996,000
197,662,000
230,357,000
25,176,000
15,905,000
11,542,000
11,190,000
10,398,000
10,241,000
10,566,000
10,566,00010,241,00010,398,00011,190,00011,542,00015,905,00025,176,000230,357,000197,662,000135,996,000151,233,00072,329,00046,203,00042,233,00038,399,00041,719,00051,582,00010,130,00010,219,00010,193,00011,422,00010,332,0009,855,0009,952,0008,900,0008,466,0008,258,0007,563,0008,044,0008,421,0008,160,0007,908,0008,827,0008,904,0008,726,0009,580,00011,681,00010,440,00010,304,00010,521,00011,467,00013,758,00013,609,00013,689,00014,365,00013,807,00013,906,00012,595,00013,200,00012,837,00012,089,00012,115,00013,753,00013,222,00012,466,00011,944,00012,853,00011,350,00011,231,00011,570,00012,980,00011,867,00012,489,00012,439,00012,088,0009,023,0009,176,0009,437,00010,145,0008,678,0009,658,0009,564,0008,203,0007,719,0007,802,0007,792,0009,274,0009,049,0009,290,0009,281,0009,689,0009,924,0009,033,00010,632,00010,431,0007,539,0007,865,0008,525,0008,849,000
   > Total Current Liabilities 
3,067,000
2,688,000
0
2,757,000
3,130,000
3,934,000
3,087,000
2,688,000
3,037,000
2,542,000
2,615,000
2,354,000
2,486,000
1,267,000
1,270,000
2,048,000
2,349,000
2,055,000
2,242,000
1,568,000
3,619,000
1,869,000
1,609,000
1,763,000
2,113,000
2,453,000
2,411,000
2,090,000
2,774,000
1,287,000
1,406,000
2,133,000
3,757,000
2,974,000
2,698,000
3,384,000
3,799,000
1,916,000
1,789,000
2,438,000
2,421,000
1,768,000
1,954,000
2,649,000
3,496,000
3,128,000
3,026,000
3,910,000
1,991,000
1,229,000
1,853,000
2,067,000
3,698,000
2,543,000
1,836,000
2,044,000
2,192,000
1,503,000
1,605,000
1,876,000
1,930,000
1,581,000
1,855,000
2,081,000
3,384,000
2,663,000
2,570,000
2,972,000
3,198,000
1,753,000
1,794,000
1,817,000
27,906,000
19,087,000
16,607,000
20,656,000
22,895,000
43,127,000
99,988,000
100,226,000
147,207,000
153,841,000
16,144,000
10,123,000
5,790,000
3,980,000
3,726,000
3,709,000
4,484,000
4,484,0003,709,0003,726,0003,980,0005,790,00010,123,00016,144,000153,841,000147,207,000100,226,00099,988,00043,127,00022,895,00020,656,00016,607,00019,087,00027,906,0001,817,0001,794,0001,753,0003,198,0002,972,0002,570,0002,663,0003,384,0002,081,0001,855,0001,581,0001,930,0001,876,0001,605,0001,503,0002,192,0002,044,0001,836,0002,543,0003,698,0002,067,0001,853,0001,229,0001,991,0003,910,0003,026,0003,128,0003,496,0002,649,0001,954,0001,768,0002,421,0002,438,0001,789,0001,916,0003,799,0003,384,0002,698,0002,974,0003,757,0002,133,0001,406,0001,287,0002,774,0002,090,0002,411,0002,453,0002,113,0001,763,0001,609,0001,869,0003,619,0001,568,0002,242,0002,055,0002,349,0002,048,0001,270,0001,267,0002,486,0002,354,0002,615,0002,542,0003,037,0002,688,0003,087,0003,934,0003,130,0002,757,00002,688,0003,067,000
       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
0
0
0
0
0
0
1,133,000
1,344,000
1,519,000
1,124,000
2,069,000
1,139,000
776,000
713,000
219,000
0
558,000
604,000
1,078,000
1,808,000
1,986,000
1,906,000
2,138,000
924,000
338,000
1,015,000
1,103,000
1,038,000
1,736,000
1,086,000
1,042,000
1,341,000
683,000
670,000
639,000
819,000
769,000
796,000
767,000
1,066,000
1,011,000
948,000
1,086,000
821,000
535,000
596,000
570,000
1,369,000
1,550,000
1,536,000
1,877,000
1,613,000
2,378,000
6,755,000
8,519,000
7,849,000
7,850,000
6,863,000
4,127,000
2,444,000
870,000
794,000
0
0
00794,000870,0002,444,0004,127,0006,863,0007,850,0007,849,0008,519,0006,755,0002,378,0001,613,0001,877,0001,536,0001,550,0001,369,000570,000596,000535,000821,0001,086,000948,0001,011,0001,066,000767,000796,000769,000819,000639,000670,000683,0001,341,0001,042,0001,086,0001,736,0001,038,0001,103,0001,015,000338,000924,0002,138,0001,906,0001,986,0001,808,0001,078,000604,000558,0000219,000713,000776,0001,139,0002,069,0001,124,0001,519,0001,344,0001,133,0000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
5,089,000
4,832,000
632,000
584,000
913,000
864,000
890,000
849,000
821,000
93,000
90,000
551,000
0
836,000
878,000
1,182,000
1,464,000
1,990,000
6,619,000
8,389,000
7,726,000
7,727,000
6,843,000
4,108,000
2,444,000
0
1,398,000
1,317,000
1,793,000
1,793,0001,317,0001,398,00002,444,0004,108,0006,843,0007,727,0007,726,0008,389,0006,619,0001,990,0001,464,0001,182,000878,000836,0000551,00090,00093,000821,000849,000890,000864,000913,000584,000632,0004,832,0005,089,000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
682,000
0
597,000
0
714,000
0
486,000
0
0
0
572,000
1,007,000
946,000
983,000
262,000
1,369,000
1,442,000
1,634,000
242,000
922,000
803,000
749,000
272,000
1,116,000
986,000
1,157,000
343,000
962,000
779,000
815,000
317,000
1,100,000
924,000
955,000
435,000
2,090,000
892,000
847,000
443,000
1,223,000
886,000
905,000
558,000
1,349,000
1,014,000
992,000
1,147,000
958,000
778,000
762,000
298,000
1,874,000
671,000
627,000
249,000
681,000
574,000
621,000
323,000
799,000
621,000
848,000
318,000
2,009,000
928,000
917,000
334,000
1,938,000
846,000
783,000
316,000
8,742,000
6,434,000
8,277,000
7,126,000
8,989,000
7,844,000
11,062,000
12,152,000
16,892,000
12,939,000
1,040,000
720,000
1,030,000
1,193,000
846,000
1,181,000
1,989,000
1,989,0001,181,000846,0001,193,0001,030,000720,0001,040,00012,939,00016,892,00012,152,00011,062,0007,844,0008,989,0007,126,0008,277,0006,434,0008,742,000316,000783,000846,0001,938,000334,000917,000928,0002,009,000318,000848,000621,000799,000323,000621,000574,000681,000249,000627,000671,0001,874,000298,000762,000778,000958,0001,147,000992,0001,014,0001,349,000558,000905,000886,0001,223,000443,000847,000892,0002,090,000435,000955,000924,0001,100,000317,000815,000779,000962,000343,0001,157,000986,0001,116,000272,000749,000803,000922,000242,0001,634,0001,442,0001,369,000262,000983,000946,0001,007,000572,000000486,0000714,0000597,0000682,0000
       Other Current Liabilities 
0
1,262,000
0
1,182,000
0
1,836,000
0
1,882,000
1,792,000
1,390,000
1,453,000
997,000
506,000
0
0
958,000
0
0
0
884,000
1,214,000
142,000
172,000
886,000
165,000
509,000
331,000
767,000
115,000
125,000
266,000
1,000,000
2,413,000
1,455,000
1,574,000
1,315,000
570,000
1,140,000
1,076,000
2,219,000
1,198,000
1,210,000
1,350,000
228,000
339,000
128,000
128,000
625,000
109,000
-1,000
76,000
69,000
786,000
136,000
123,000
227,000
-1,000
246,000
314,000
86,000
312,000
191,000
211,000
209,000
309,000
724,000
1,000
212,000
439,000
372,000
415,000
168,000
1,478,000
761,000
525,000
331,000
673,000
1,513,000
2,728,000
985,000
122,466,000
133,052,000
8,241,000
5,276,000
2,316,000
245,000
1,373,000
131,000
98,000
98,000131,0001,373,000245,0002,316,0005,276,0008,241,000133,052,000122,466,000985,0002,728,0001,513,000673,000331,000525,000761,0001,478,000168,000415,000372,000439,000212,0001,000724,000309,000209,000211,000191,000312,00086,000314,000246,000-1,000227,000123,000136,000786,00069,00076,000-1,000109,000625,000128,000128,000339,000228,0001,350,0001,210,0001,198,0002,219,0001,076,0001,140,000570,0001,315,0001,574,0001,455,0002,413,0001,000,000266,000125,000115,000767,000331,000509,000165,000886,000172,000142,0001,214,000884,000000958,00000506,000997,0001,453,0001,390,0001,792,0001,882,00001,836,00001,182,00001,262,0000
   > 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
0
0
0
0
0
0
9,217,000
7,647,000
1,784,000
1,810,000
9,838,000
9,954,000
10,199,000
10,300,000
10,399,000
10,779,000
10,827,000
11,952,000
11,158,000
10,869,000
10,561,000
10,583,000
9,848,000
9,476,000
9,292,000
8,451,000
8,373,000
7,983,000
7,037,000
6,890,000
6,860,000
6,635,000
6,405,000
6,555,000
6,545,000
6,114,000
5,982,000
6,403,000
6,385,000
5,516,000
7,289,000
7,285,000
7,360,000
8,224,000
8,440,000
8,425,000
8,313,000
23,676,000
22,632,000
21,792,000
21,577,000
23,308,000
29,202,000
51,245,000
35,770,000
50,455,000
76,516,000
9,032,000
5,782,000
5,752,000
7,210,000
6,614,000
6,532,000
6,082,000
6,082,0006,532,0006,614,0007,210,0005,752,0005,782,0009,032,00076,516,00050,455,00035,770,00051,245,00029,202,00023,308,00021,577,00021,792,00022,632,00023,676,0008,313,0008,425,0008,440,0008,224,0007,360,0007,285,0007,289,0005,516,0006,385,0006,403,0005,982,0006,114,0006,545,0006,555,0006,405,0006,635,0006,860,0006,890,0007,037,0007,983,0008,373,0008,451,0009,292,0009,476,0009,848,00010,583,00010,561,00010,869,00011,158,00011,952,00010,827,00010,779,00010,399,00010,300,00010,199,0009,954,0009,838,0001,810,0001,784,0007,647,0009,217,0000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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
8,701,000
7,026,000
6,427,000
6,124,000
3,658,000
3,723,000
5,208,000
4,502,000
0
0
004,502,0005,208,0003,723,0003,658,0006,124,0006,427,0007,026,0008,701,0000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
1,284,000
95,000
1,526,000
0
1,427,000
555,000
552,000
582,000
596,000
1,080,000
1,119,000
1,093,000
1,041,000
1,192,000
1,297,000
1,331,000
1,255,000
1,184,000
1,215,000
1,269,000
1,285,000
1,443,000
1,635,000
1,492,000
1,406,000
1,398,000
1,460,000
1,484,000
1,465,000
1,449,000
1,505,000
1,494,000
1,593,000
1,572,000
1,271,000
1,514,000
1,541,000
1,549,000
1,524,000
1,588,000
1,566,000
1,683,000
1,638,000
1,652,000
1,240,000
1,241,000
1,168,000
1,232,000
1,333,000
1,347,000
1,304,000
1,334,000
1,414,000
1,396,000
1,377,000
1,479,000
1,461,000
1,387,000
1,403,000
1,455,000
1,450,000
1,387,000
2,224,000
2,225,000
2,308,000
2,298,000
2,191,000
2,150,000
2,121,000
14,490,000
13,903,000
13,080,000
12,673,000
13,869,000
20,682,000
45,277,000
27,032,000
43,381,000
69,996,000
2,794,000
2,004,000
0
2,003,000
1,975,000
0
0
001,975,0002,003,00002,004,0002,794,00069,996,00043,381,00027,032,00045,277,00020,682,00013,869,00012,673,00013,080,00013,903,00014,490,0002,121,0002,150,0002,191,0002,298,0002,308,0002,225,0002,224,0001,387,0001,450,0001,455,0001,403,0001,387,0001,461,0001,479,0001,377,0001,396,0001,414,0001,334,0001,304,0001,347,0001,333,0001,232,0001,168,0001,241,0001,240,0001,652,0001,638,0001,683,0001,566,0001,588,0001,524,0001,549,0001,541,0001,514,0001,271,0001,572,0001,593,0001,494,0001,505,0001,449,0001,465,0001,484,0001,460,0001,398,0001,406,0001,492,0001,635,0001,443,0001,285,0001,269,0001,215,0001,184,0001,255,0001,331,0001,297,0001,192,0001,041,0001,093,0001,119,0001,080,000596,000582,000552,000555,0001,427,00001,526,00095,0001,284,000000
> Total Stockholder Equity
4,804,000
5,022,000
5,135,000
5,485,000
5,682,000
5,896,000
6,027,000
6,406,000
6,376,000
6,709,000
6,956,000
7,394,000
6,700,000
6,664,000
6,862,000
7,151,000
6,267,000
6,900,000
7,023,000
7,908,000
7,323,000
7,736,000
8,219,000
8,359,000
8,455,000
7,167,000
7,579,000
7,954,000
8,291,000
7,476,000
7,896,000
8,034,000
7,959,000
8,160,000
8,239,000
8,210,000
8,259,000
8,823,000
8,930,000
9,632,000
10,346,000
9,472,000
9,675,000
10,205,000
10,503,000
9,671,000
9,601,000
10,024,000
12,109,000
11,424,000
11,255,000
10,864,000
10,421,000
14,889,000
13,806,000
13,794,000
14,191,000
13,258,000
13,100,000
13,459,000
14,057,000
12,635,000
12,963,000
13,048,000
12,117,000
11,850,000
11,986,000
11,841,000
11,674,000
12,374,000
12,401,000
12,982,000
13,776,000
13,197,000
12,522,000
12,953,000
14,303,000
12,794,000
11,772,000
12,131,000
8,036,000
1,980,000
6,466,000
7,670,000
9,724,000
7,682,000
8,444,000
8,438,000
8,305,000
8,305,0008,438,0008,444,0007,682,0009,724,0007,670,0006,466,0001,980,0008,036,00012,131,00011,772,00012,794,00014,303,00012,953,00012,522,00013,197,00013,776,00012,982,00012,401,00012,374,00011,674,00011,841,00011,986,00011,850,00012,117,00013,048,00012,963,00012,635,00014,057,00013,459,00013,100,00013,258,00014,191,00013,794,00013,806,00014,889,00010,421,00010,864,00011,255,00011,424,00012,109,00010,024,0009,601,0009,671,00010,503,00010,205,0009,675,0009,472,00010,346,0009,632,0008,930,0008,823,0008,259,0008,210,0008,239,0008,160,0007,959,0008,034,0007,896,0007,476,0008,291,0007,954,0007,579,0007,167,0008,455,0008,359,0008,219,0007,736,0007,323,0007,908,0007,023,0006,900,0006,267,0007,151,0006,862,0006,664,0006,700,0007,394,0006,956,0006,709,0006,376,0006,406,0006,027,0005,896,0005,682,0005,485,0005,135,0005,022,0004,804,000
   Common Stock
2,668,000
2,875,000
0
2,875,000
2,875,000
2,876,000
0
2,886,000
2,889,000
2,889,000
2,891,000
2,948,000
2,964,000
2,968,000
2,968,000
2,976,000
2,997,000
3,001,000
3,003,000
3,023,000
3,034,000
3,037,000
3,039,000
3,040,000
3,042,000
3,042,000
3,043,000
3,044,000
3,045,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
3,046,000
0
0
003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,046,0003,045,0003,044,0003,043,0003,042,0003,042,0003,040,0003,039,0003,037,0003,034,0003,023,0003,003,0003,001,0002,997,0002,976,0002,968,0002,968,0002,964,0002,948,0002,891,0002,889,0002,889,0002,886,00002,876,0002,875,0002,875,00002,875,0002,668,000
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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
73,000
73,000
73,000
73,000
73,000
73,000
73,000
73,000
0
0
0073,00073,00073,00073,00073,00073,00073,00073,0000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000000-30,000-30,00000000000000000000
   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
0
0
0
0
0
0
226,000
194,000
14,000
38,000
-284,000
-61,000
56,000
130,000
268,000
281,000
252,000
190,000
146,000
-20,000
51,000
17,000
127,000
189,000
116,000
50,000
110,000
85,000
101,000
187,000
241,000
212,000
170,000
89,000
44,000
114,000
104,000
116,000
127,000
32,000
-346,000
-228,000
-437,000
-155,000
-30,000
-138,000
-46,000
734,000
257,000
-34,000
-242,000
-72,000
-182,000
-537,000
-977,000
-1,489,000
-3,020,000
-4,108,000
-1,843,000
-240,000
-310,000
-2,821,000
0
0
00-2,821,000-310,000-240,000-1,843,000-4,108,000-3,020,000-1,489,000-977,000-537,000-182,000-72,000-242,000-34,000257,000734,000-46,000-138,000-30,000-155,000-437,000-228,000-346,00032,000127,000116,000104,000114,00044,00089,000170,000212,000241,000187,000101,00085,000110,00050,000116,000189,000127,00017,00051,000-20,000146,000190,000252,000281,000268,000130,00056,000-61,000-284,00038,00014,000194,000226,0000000000000000000000000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.