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Groep Brussel Lambert NV
Buy, Hold or Sell?

Should you buy, hold or sell Groep Brussel Lambert NV?

I guess you are interested in Groep Brussel Lambert 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 Groep Brussel Lambert NV

Let's start. I'm going to help you getting a better view of Groep Brussel Lambert 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 Groep Brussel Lambert 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 Groep Brussel Lambert NV is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Groep Brussel Lambert NV. The closing price on 2023-01-27 was €78.58 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.
Groep Brussel Lambert NV Daily Candlestick Chart
Groep Brussel Lambert NV Daily Candlestick Chart
Summary









1. Valuation of Groep Brussel Lambert NV




Current price per share

€78.58

2. Growth of Groep Brussel Lambert NV




Is Groep Brussel Lambert NV growing?

Current yearPrevious yearGrowGrow %
How rich?$23.6b$22.2b$1.4b6.1%

How much money is Groep Brussel Lambert NV making?

Current yearPrevious yearGrowGrow %
Making money$303m$424.9m-$121.9m-40.2%
Net Profit Margin3.8%6.2%--

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

3. Financial Health of Groep Brussel Lambert NV




Comparing to competitors in the Asset Management industry




  Industry Rankings (Asset Management)  


Richest
#45 / 848

Most Revenue
#31 / 848

Most Profit
#110 / 848

Most Efficient
#664 / 848


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient 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 less efficient 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 very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of Groep Brussel Lambert NV.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Groep Brussel Lambert NV earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Groep Brussel Lambert NV to the Asset Management industry mean.
  • A Net Profit Margin of 3.8% means that €0.04 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Groep Brussel Lambert NV:

  • The MRQ is 3.8%. The company is making a profit. +1
  • The TTM is 3.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ3.8%TTM3.8%0.0%
TTM3.8%YOY6.2%-2.4%
TTM3.8%5Y9.6%-5.8%
5Y9.6%10Y10.2%-0.6%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ3.8%35.2%-31.4%
TTM3.8%20.2%-16.4%
YOY6.2%43.5%-37.3%
5Y9.6%27.2%-17.6%
10Y10.2%32.1%-21.9%
1.1.2. Return on Assets

Shows how efficient Groep Brussel Lambert NV is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Groep Brussel Lambert NV to the Asset Management industry mean.
  • 0.8% Return on Assets means that Groep Brussel Lambert NV generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Groep Brussel Lambert NV:

  • The MRQ is 0.8%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.8%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.8%TTM0.8%0.0%
TTM0.8%YOY1.3%-0.5%
TTM0.8%5Y2.0%-1.2%
5Y2.0%10Y2.2%-0.2%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8%0.8%+0.0%
TTM0.8%1.1%-0.3%
YOY1.3%2.2%-0.9%
5Y2.0%1.1%+0.9%
10Y2.2%1.2%+1.0%
1.1.3. Return on Equity

Shows how efficient Groep Brussel Lambert NV is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Groep Brussel Lambert NV to the Asset Management industry mean.
  • 1.4% Return on Equity means Groep Brussel Lambert NV generated €0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Groep Brussel Lambert NV:

  • The MRQ is 1.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.4%TTM1.4%0.0%
TTM1.4%YOY2.1%-0.7%
TTM1.4%5Y3.1%-1.7%
5Y3.1%10Y3.4%-0.3%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4%1.9%-0.5%
TTM1.4%2.1%-0.7%
YOY2.1%3.8%-1.7%
5Y3.1%1.9%+1.2%
10Y3.4%1.9%+1.5%

1.2. Operating Efficiency of Groep Brussel Lambert NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Groep Brussel Lambert NV is operating .

  • Measures how much profit Groep Brussel Lambert NV 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 Groep Brussel Lambert NV to the Asset Management industry mean.
  • An Operating Margin of 7.1% means the company generated €0.07  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Groep Brussel Lambert NV:

  • The MRQ is 7.1%. The company is operating less efficient.
  • The TTM is 7.1%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ7.1%TTM7.1%0.0%
TTM7.1%YOY9.9%-2.8%
TTM7.1%5Y13.3%-6.2%
5Y13.3%10Y14.5%-1.3%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ7.1%28.8%-21.7%
TTM7.1%13.6%-6.5%
YOY9.9%21.8%-11.9%
5Y13.3%18.9%-5.6%
10Y14.5%17.1%-2.6%
1.2.2. Operating Ratio

Measures how efficient Groep Brussel Lambert NV is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Asset Management industry mean).
  • An Operation Ratio of 0.88 means that the operating costs are €0.88 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Groep Brussel Lambert NV:

  • The MRQ is 0.881. The company is less efficient in keeping operating costs low.
  • The TTM is 0.881. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.881TTM0.8810.000
TTM0.881YOY0.843+0.039
TTM0.8815Y0.859+0.023
5Y0.85910Y0.830+0.028
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8810.566+0.315
TTM0.8810.312+0.569
YOY0.8430.230+0.613
5Y0.8590.316+0.543
10Y0.8300.328+0.502

1.3. Liquidity of Groep Brussel Lambert NV.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Groep Brussel Lambert NV is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Asset Management industry mean).
  • A Current Ratio of 1.96 means the company has €1.96 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Groep Brussel Lambert NV:

  • The MRQ is 1.963. The company is able to pay all its short-term debts. +1
  • The TTM is 1.963. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.963TTM1.9630.000
TTM1.963YOY1.802+0.161
TTM1.9635Y1.823+0.141
5Y1.82310Y2.254-0.431
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9632.906-0.943
TTM1.9632.979-1.016
YOY1.8023.245-1.443
5Y1.8233.927-2.104
10Y2.2543.659-1.405
1.3.2. Quick Ratio

Measures if Groep Brussel Lambert NV is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Groep Brussel Lambert NV to the Asset Management industry mean.
  • A Quick Ratio of 2.19 means the company can pay off €2.19 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Groep Brussel Lambert NV:

  • The MRQ is 2.193. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.193. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.193TTM2.1930.000
TTM2.193YOY1.423+0.770
TTM2.1935Y1.737+0.457
5Y1.73710Y2.234-0.497
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1931.798+0.395
TTM2.1931.811+0.382
YOY1.4231.761-0.338
5Y1.7372.350-0.613
10Y2.2342.094+0.140

1.4. Solvency of Groep Brussel Lambert NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Groep Brussel Lambert NV assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Groep Brussel Lambert NV to Asset Management industry mean.
  • A Debt to Asset Ratio of 0.36 means that Groep Brussel Lambert NV assets are financed with 36.5% credit (debt) and the remaining percentage (100% - 36.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Groep Brussel Lambert NV:

  • The MRQ is 0.365. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.365. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.365TTM0.3650.000
TTM0.365YOY0.326+0.039
TTM0.3655Y0.304+0.060
5Y0.30410Y0.284+0.020
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3650.226+0.139
TTM0.3650.233+0.132
YOY0.3260.229+0.097
5Y0.3040.230+0.074
10Y0.2840.230+0.054
1.4.2. Debt to Equity Ratio

Measures if Groep Brussel Lambert NV is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Groep Brussel Lambert NV to the Asset Management industry mean.
  • A Debt to Equity ratio of 62.8% means that company has €0.63 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Groep Brussel Lambert NV:

  • The MRQ is 0.628. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.628. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.628TTM0.6280.000
TTM0.628YOY0.521+0.106
TTM0.6285Y0.482+0.146
5Y0.48210Y0.437+0.045
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6280.311+0.317
TTM0.6280.313+0.315
YOY0.5210.330+0.191
5Y0.4820.340+0.142
10Y0.4370.347+0.090

2. Market Valuation of Groep Brussel Lambert 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 Groep Brussel Lambert NV generates.

  • Above 15 is considered overpriced but always compare Groep Brussel Lambert NV to the Asset Management industry mean.
  • A PE ratio of 55.09 means the investor is paying €55.09 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Groep Brussel Lambert NV:

  • The EOD is 44.100. Good. +1
  • The MRQ is 55.088. Good. +1
  • The TTM is 55.088. Good. +1
Trends
Current periodCompared to+/- 
EOD44.100MRQ55.088-10.988
MRQ55.088TTM55.0880.000
TTM55.088YOY32.589+22.499
TTM55.0885Y29.477+25.612
5Y29.47710Y19.565+9.911
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD44.1002.975+41.125
MRQ55.0883.410+51.678
TTM55.08823.173+31.915
YOY32.58922.267+10.322
5Y29.47720.465+9.012
10Y19.56523.494-3.929
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Groep Brussel Lambert NV.

  • 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 Groep Brussel Lambert NV:

  • The MRQ is 78.283. Seems overpriced? -1
  • The TTM is 78.283. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ78.283TTM78.2830.000
TTM78.283YOY57.655+20.628
TTM78.2835Y36.085+42.199
5Y36.08510Y27.992+8.092
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ78.2830.032+78.251
TTM78.2830.003+78.280
YOY57.6550.039+57.616
5Y36.0850.089+35.996
10Y27.9920.141+27.851

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

Measures if the stock price of Groep Brussel Lambert NV is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Asset Management industry mean).
  • A PB ratio of 0.70 means the investor is paying €0.70 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Groep Brussel Lambert NV:

  • The EOD is 0.564. Very good. +2
  • The MRQ is 0.705. Very good. +2
  • The TTM is 0.705. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.564MRQ0.705-0.141
MRQ0.705TTM0.7050.000
TTM0.705YOY0.623+0.082
TTM0.7055Y0.702+0.003
5Y0.70210Y0.742-0.041
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD0.5640.945-0.381
MRQ0.7051.038-0.333
TTM0.7051.109-0.404
YOY0.6231.115-0.492
5Y0.7021.133-0.431
10Y0.7421.164-0.422
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Groep Brussel Lambert 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--6.7026.7020%-3.102+146%7.487-10%5.258+27%
Book Value Growth--1.0651.0650%0.959+11%1.062+0%1.050+1%
Book Value Per Share--139.253139.2530%132.551+5%126.149+10%108.494+28%
Book Value Per Share Growth--1.0511.0510%0.977+8%1.068-2%1.0510%
Current Ratio--1.9631.9630%1.802+9%1.823+8%2.254-13%
Debt To Asset Ratio--0.3650.3650%0.326+12%0.304+20%0.284+28%
Debt To Equity Ratio--0.6280.6280%0.521+20%0.482+30%0.437+44%
Dividend Per Share--2.4312.4310%3.166-23%2.904-16%2.781-13%
Dividend Per Share Growth--0.7680.7680%1.028-25%0.981-22%0.991-23%
Eps--1.7821.7820%2.532-30%3.471-49%3.206-44%
Eps Growth--0.7040.7040%0.565+24%1.367-49%1.488-53%
Free Cash Flow Per Share--3.7553.7550%5.631-33%4.781-21%3.369+11%
Free Cash Flow Per Share Growth--0.6670.6670%1.339-50%1.650-60%1.654-60%
Free Cash Flow To Equity Per Share--7.2037.2030%-2.734+138%3.168+127%1.712+321%
Free Cash Flow To Equity Per Share Growth--4.6354.6350%-0.362+108%2.322+100%2.276+104%
Gross Profit Margin--1.0001.0000%1.0000%0.509+96%0.515+94%
Intrinsic Value_10Y_max--32.762--------
Intrinsic Value_10Y_min--1.057--------
Intrinsic Value_1Y_max--4.271--------
Intrinsic Value_1Y_min--2.864--------
Intrinsic Value_3Y_max--12.079--------
Intrinsic Value_3Y_min--6.268--------
Intrinsic Value_5Y_max--18.980--------
Intrinsic Value_5Y_min--7.083--------
Net Profit Margin--0.0380.0380%0.062-39%0.096-60%0.102-63%
Operating Margin--0.0710.0710%0.099-29%0.133-47%0.145-51%
Operating Ratio--0.8810.8810%0.843+5%0.859+3%0.830+6%
Pb Ratio0.564-25%0.7050.7050%0.623+13%0.702+0%0.742-5%
Pe Ratio44.100-25%55.08855.0880%32.589+69%29.477+87%19.565+182%
Peg Ratio--78.28378.2830%57.655+36%36.085+117%27.992+180%
Price Per Share78.580-25%98.16098.1600%82.520+19%88.142+11%79.688+23%
Price To Total Gains Ratio8.604-25%10.74810.7480%1277.493-99%264.550-96%141.575-92%
Profit Growth--0.7130.7130%0.555+29%1.363-48%1.285-45%
Quick Ratio--2.1932.1930%1.423+54%1.737+26%2.234-2%
Return On Assets--0.0080.0080%0.013-37%0.020-60%0.022-64%
Return On Equity--0.0140.0140%0.021-32%0.031-55%0.034-59%
Revenue Growth--1.1731.1730%1.144+2%1.083+8%1.107+6%
Total Gains Per Share--9.1339.1330%0.065+14039%10.391-12%8.039+14%
Total Gains Per Share Growth--141.388141.3880%0.002+5909514%30.200+368%16.131+776%
Usd Book Value--23681594580.00023681594580.0000%22246669200.000+6%21555748608.000+10%18636139566.000+27%
Usd Book Value Change Per Share--7.2847.2840%-3.371+146%8.137-10%5.715+27%
Usd Book Value Per Share--151.354151.3540%144.070+5%137.111+10%117.922+28%
Usd Dividend Per Share--2.6422.6420%3.441-23%3.157-16%3.022-13%
Usd Eps--1.9371.9370%2.752-30%3.773-49%3.485-44%
Usd Free Cash Flow--638662440.000638662440.0000%945059550.000-32%818783508.000-22%580013316.000+10%
Usd Free Cash Flow Per Share--4.0824.0820%6.120-33%5.196-21%3.661+11%
Usd Free Cash Flow To Equity Per Share--7.8297.8290%-2.971+138%3.444+127%1.861+321%
Usd Price Per Share85.409-25%106.690106.6900%89.691+19%95.802+11%86.613+23%
Usd Profit--303027720.000303027720.0000%424977900.000-29%595360344.000-49%552069117.000-45%
Usd Revenue--7985889060.0007985889060.0000%6809211120.000+17%6518008872.000+23%5742701364.000+39%
Usd Total Gains Per Share--9.9279.9270%0.070+14039%11.294-12%8.738+14%
 EOD+3 -2MRQTTM+0 -0YOY+20 -225Y+14 -2910Y+20 -23

3.2. Fundamental Score

Let's check the fundamental score of Groep Brussel Lambert NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1544.100
Price to Book Ratio (EOD)Between0-10.564
Net Profit Margin (MRQ)Greater than00.038
Operating Margin (MRQ)Greater than00.071
Quick Ratio (MRQ)Greater than12.193
Current Ratio (MRQ)Greater than11.963
Debt to Asset Ratio (MRQ)Less than10.365
Debt to Equity Ratio (MRQ)Less than10.628
Return on Equity (MRQ)Greater than0.150.014
Return on Assets (MRQ)Greater than0.050.008
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Groep Brussel Lambert NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.969
Ma 20Greater thanMa 5078.019
Ma 50Greater thanMa 10077.180
Ma 100Greater thanMa 20075.695
OpenGreater thanClose79.140
Total4/5 (80.0%)



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  1,431,400279,5001,710,900-129,7001,581,200-88,7001,492,500-1,648,500-156,000



Latest Balance Sheet

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

Summary
Total Assets34,297,600
Total Liabilities12,509,400
Total Stockholder Equity19,931,500
 As reported
Total Liabilities 12,509,400
Total Stockholder Equity+ 19,931,500
Total Assets = 34,297,600

Assets

Total Assets34,297,600
Total Current Assets6,125,500
Long-term Assets6,125,500
Total Current Assets
Cash And Cash Equivalents 1,331,600
Short-term Investments 2,100,800
Net Receivables 1,310,300
Other Current Assets 1,589,300
Total Current Assets  (as reported)6,125,500
Total Current Assets  (calculated)6,332,000
+/- 206,500
Long-term Assets
Property Plant Equipment 2,750,000
Goodwill 4,654,300
Intangible Assets 1,610,100
Long-term Assets Other 2,166,300
Long-term Assets  (as reported)28,172,100
Long-term Assets  (calculated)11,180,700
+/- 16,991,400

Liabilities & Shareholders' Equity

Total Current Liabilities3,120,100
Long-term Liabilities9,389,300
Total Stockholder Equity19,931,500
Total Current Liabilities
Short-term Debt 997,800
Short Long Term Debt 897,600
Accounts payable 865,800
Other Current Liabilities 947,500
Total Current Liabilities  (as reported)3,120,100
Total Current Liabilities  (calculated)3,708,700
+/- 588,600
Long-term Liabilities
Long term Debt 7,207,800
Capital Lease Obligations Min Short Term Debt-506,900
Other Liabilities 2,773,000
Long-term Liabilities Other 70,600
Long-term Liabilities  (as reported)9,389,300
Long-term Liabilities  (calculated)9,544,500
+/- 155,200
Total Stockholder Equity
Common Stock653,100
Other Stockholders Equity 19,278,400
Total Stockholder Equity (as reported)19,931,500
Total Stockholder Equity (calculated)19,931,500
+/-0
Other
Capital Stock653,100
Cash and Short Term Investments 3,432,400
Common Stock Shares Outstanding 156,465
Liabilities and Stockholders Equity 32,440,900
Net Debt 7,264,700
Net Invested Capital 28,036,900
Net Tangible Assets 13,667,100
Net Working Capital 3,005,400
Short Long Term Debt Total 8,596,300



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
8,296,800
10,025,700
7,611,100
7,371,800
7,954,500
10,657,200
16,233,200
19,382,500
14,037,000
15,343,200
15,566,200
18,149,900
17,432,300
18,957,700
19,684,800
20,405,600
21,872,800
24,058,600
23,890,200
31,143,500
30,358,000
34,297,600
34,297,60030,358,00031,143,50023,890,20024,058,60021,872,80020,405,60019,684,80018,957,70017,432,30018,149,90015,566,20015,343,20014,037,00019,382,50016,233,20010,657,2007,954,5007,371,8007,611,10010,025,7008,296,800
   > Total Current Assets 
0
0
0
0
0
0
2,737,200
1,863,200
1,141,100
632,200
818,700
0
2,933,800
3,226,800
3,977,400
3,281,500
3,927,500
2,960,100
3,360,900
4,883,900
4,270,200
6,125,500
6,125,5004,270,2004,883,9003,360,9002,960,1003,927,5003,281,5003,977,4003,226,8002,933,8000818,700632,2001,141,1001,863,2002,737,200000000
       Cash And Cash Equivalents 
24,500
2,600
12,800
12,600
4,000
82,000
2,648,200
1,803,000
966,000
604,800
685,800
737,900
594,000
1,075,400
1,420,800
898,000
1,086,100
491,900
1,013,600
1,221,300
1,273,900
1,331,600
1,331,6001,273,9001,221,3001,013,600491,9001,086,100898,0001,420,8001,075,400594,000737,900685,800604,800966,0001,803,0002,648,20082,0004,00012,60012,8002,60024,500
       Short-term Investments 
1,173,600
903,000
895,900
502,300
312,000
0
43,400
44,600
161,100
14,700
20,800
99,900
993,200
887,700
1,103,900
713,900
1,179,900
618,100
426,800
1,489,500
487,300
2,100,800
2,100,800487,3001,489,500426,800618,1001,179,900713,9001,103,900887,700993,20099,90020,80014,700161,10044,60043,4000312,000502,300895,900903,0001,173,600
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
656,400
732,000
644,400
875,000
978,800
985,600
1,201,100
1,123,300
1,310,300
1,310,3001,123,3001,201,100985,600978,800875,000644,400732,000656,4000000000000000
       Other Current Assets 
0
0
0
0
0
0
45,600
15,600
14,000
12,700
112,100
0
651,400
644,000
754,900
893,500
912,300
997,400
1,018,600
1,327,000
1,805,000
1,589,300
1,589,3001,805,0001,327,0001,018,600997,400912,300893,500754,900644,000651,4000112,10012,70014,00015,60045,600000000
   > Long-term Assets 
0
0
0
0
0
0
13,496,000
17,519,300
12,895,900
14,711,000
14,747,500
0
14,498,500
15,730,900
15,707,400
17,124,100
17,945,300
21,098,500
20,529,300
26,259,600
26,087,800
28,172,100
28,172,10026,087,80026,259,60020,529,30021,098,50017,945,30017,124,10015,707,40015,730,90014,498,500014,747,50014,711,00012,895,90017,519,30013,496,000000000
       Property Plant Equipment 
1,000
26,000
21,400
17,300
15,400
16,600
17,000
23,500
19,000
18,000
23,900
1,919,900
1,928,300
1,864,800
2,008,300
2,192,100
2,392,500
2,621,600
2,336,700
2,787,800
2,516,200
2,750,000
2,750,0002,516,2002,787,8002,336,7002,621,6002,392,5002,192,1002,008,3001,864,8001,928,3001,919,90023,90018,00019,00023,50017,00016,60015,40017,30021,40026,0001,000
       Goodwill 
606,400
0
0
0
42,000
41,000
41,000
0
0
0
59,500
1,119,600
1,065,800
1,121,800
1,181,800
1,743,200
1,928,700
2,398,600
2,692,800
4,619,100
3,975,200
4,654,300
4,654,3003,975,2004,619,1002,692,8002,398,6001,928,7001,743,2001,181,8001,121,8001,065,8001,119,60059,50000041,00041,00042,000000606,400
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
12,520,400
12,190,400
12,661,000
13,155,300
15,459,300
14,753,900
0
0
0
00014,753,90015,459,30013,155,30012,661,00012,190,40012,520,4000000000000000
       Intangible Assets 
606,400
0
0
0
42,000
41,000
41,000
0
0
17,000
73,600
109,600
146,900
168,900
202,500
338,900
288,400
483,100
556,700
627,500
1,000,800
1,610,100
1,610,1001,000,800627,500556,700483,100288,400338,900202,500168,900146,900109,60073,60017,0000041,00041,00042,000000606,400
       Long-term Assets Other 
0
0
0
0
0
0
6,900
17,000
20,900
21,200
55,800
0
1,111,400
990,900
1,198,400
807,600
1,279,500
734,200
528,300
1,597,900
574,200
2,166,300
2,166,300574,2001,597,900528,300734,2001,279,500807,6001,198,400990,9001,111,400055,80021,20020,90017,0006,900000000
> Total Liabilities 
1,140,300
883,300
838,800
405,400
42,900
497,500
551,200
513,900
618,600
498,100
791,700
4,505,300
4,025,200
5,266,900
5,400,600
5,862,100
5,498,600
6,122,200
6,260,600
9,804,100
9,890,000
12,509,400
12,509,4009,890,0009,804,1006,260,6006,122,2005,498,6005,862,1005,400,6005,266,9004,025,2004,505,300791,700498,100618,600513,900551,200497,50042,900405,400838,800883,3001,140,300
   > Total Current Liabilities 
0
0
0
0
0
0
116,600
91,600
193,300
69,700
106,700
0
1,033,400
1,000,000
1,163,700
1,482,500
2,272,100
2,348,300
1,428,000
2,817,400
2,369,400
3,120,100
3,120,1002,369,4002,817,4001,428,0002,348,3002,272,1001,482,5001,163,7001,000,0001,033,4000106,70069,700193,30091,600116,600000000
       Short-term Debt 
0
0
0
0
0
0
4,300
20,000
150,000
0
7,000
0
152,500
97,300
97,000
402,800
1,221,200
1,097,600
155,900
1,243,500
349,700
997,800
997,800349,7001,243,500155,9001,097,6001,221,200402,80097,00097,300152,50007,0000150,00020,0004,300000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
3,570,900
168,600
73,700
1,221,200
1,097,600
155,900
1,120,700
256,300
897,600
897,600256,3001,120,700155,9001,097,6001,221,20073,700168,6003,570,9000000000000000
       Accounts payable 
100
600
400
900
1,000
1,000
73,500
31,200
30,700
0
12,100
386,600
409,000
411,100
449,700
496,000
483,300
540,000
597,800
667,100
603,800
865,800
865,800603,800667,100597,800540,000483,300496,000449,700411,100409,000386,60012,100030,70031,20073,5001,0001,000900400600100
       Other Current Liabilities 
0
0
0
0
0
0
38,800
40,400
12,600
69,700
99,700
0
471,900
491,600
617,000
583,700
567,600
710,700
506,400
686,000
1,189,000
947,500
947,5001,189,000686,000506,400710,700567,600583,700617,000491,600471,900099,70069,70012,60040,40038,800000000
   > Long-term Liabilities 
0
0
0
0
0
0
434,600
422,300
425,300
428,400
685,000
0
2,991,800
4,266,900
4,236,900
4,379,600
3,226,500
3,773,900
4,832,600
6,986,700
7,520,600
9,389,300
9,389,3007,520,6006,986,7004,832,6003,773,9003,226,5004,379,6004,236,9004,266,9002,991,8000685,000428,400425,300422,300434,600000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,488,600
2,383,500
2,834,900
3,623,800
5,372,200
0
0
005,372,2003,623,8002,834,9002,383,5003,488,600000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
-4,300
-20,000
-150,000
0
-7,000
0
-152,500
-97,300
-97,000
-402,800
-1,221,200
-1,097,600
-155,900
-769,800
65,900
-506,900
-506,90065,900-769,800-155,900-1,097,600-1,221,200-402,800-97,000-97,300-152,5000-7,0000-150,000-20,000-4,300000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
48,200
31,400
31,800
24,500
34,500
70,600
70,60034,50024,50031,80031,40048,2000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
40,400
41,000
48,800
22,700
2,700
7,800
13,100
0
0
0013,1007,8002,70022,70048,80041,00040,4000000000000000
> Total Stockholder Equity
6,231,200
9,142,400
6,772,300
6,966,400
7,911,600
10,159,700
15,682,000
18,868,600
13,418,400
14,845,100
14,765,000
12,666,400
12,400,700
12,665,200
13,172,700
13,245,600
14,867,000
16,505,000
15,918,700
19,758,200
18,975,500
19,931,500
19,931,50018,975,50019,758,20015,918,70016,505,00014,867,00013,245,60013,172,70012,665,20012,400,70012,666,40014,765,00014,845,10013,418,40018,868,60015,682,00010,159,7007,911,6006,966,4006,772,3009,142,4006,231,200
   Common Stock
610,800
559,800
559,800
559,800
559,800
559,800
595,700
653,100
653,100
653,100
653,100
653,100
653,100
653,100
653,100
653,100
653,100
653,100
653,100
653,100
653,100
653,100
653,100653,100653,100653,100653,100653,100653,100653,100653,100653,100653,100653,100653,100653,100653,100595,700559,800559,800559,800559,800559,800610,800
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
12,395,600
14,399,700
8,949,500
10,376,200
10,296,100
0
0
0
0
0
0
0
0
0
0
0
0000000000010,296,10010,376,2008,949,50014,399,70012,395,600000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,815,800
3,815,800
3,815,800
3,815,800
3,815,800
0
0
003,815,8003,815,8003,815,8003,815,8003,815,800000000000000000
   Treasury Stock00-352,800-137,700-224,700-236,000-244,800-248,700-257,900-247,400-245,200-244,900-235,100-207,700-183,70000-214,000-220,400-193,600-179,1000
   Other Stockholders Equity 
0
8,582,600
6,212,500
6,406,600
7,351,800
9,599,900
2,690,700
3,815,800
3,815,800
3,815,800
3,815,800
12,013,300
5,719,400
5,706,500
5,849,400
5,227,000
7,736,100
9,161,700
15,265,600
19,105,100
18,322,400
19,278,400
19,278,40018,322,40019,105,10015,265,6009,161,7007,736,1005,227,0005,849,4005,706,5005,719,40012,013,3003,815,8003,815,8003,815,8003,815,8002,690,7009,599,9007,351,8006,406,6006,212,5008,582,6000



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.