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Keyware Technologies NV
Buy, Hold or Sell?

Should you buy, hold or sell Keyware?

I guess you are interested in Keyware Technologies 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 Keyware

Let's start. I'm going to help you getting a better view of Keyware Technologies 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 Keyware Technologies 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 Keyware Technologies NV is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Keyware Technologies NV. The closing price on 2023-01-27 was €0.99 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.
Keyware Technologies NV Daily Candlestick Chart
Keyware Technologies NV Daily Candlestick Chart
Summary









1. Valuation of Keyware




Current price per share

€0.99

2. Growth of Keyware




Is Keyware growing?

Current yearPrevious yearGrowGrow %
How rich?$30.3m$29.6m$709.7k2.3%

How much money is Keyware making?

Current yearPrevious yearGrowGrow %
Making money$709.7k$71.7k$638k89.9%
Net Profit Margin3.7%0.5%--

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

3. Financial Health of Keyware




Comparing to competitors in the Software-Infrastructure industry




  Industry Rankings (Software-Infrastructure)  


Richest
#241 / 353

Most Revenue
#256 / 353

Most Profit
#119 / 353

Most Efficient
#108 / 353


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is 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 Keyware Technologies NV.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Keyware to the Software-Infrastructure industry mean.
  • A Net Profit Margin of 3.7% 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 Keyware Technologies NV:

  • The MRQ is 3.7%. The company is making a profit. +1
  • The TTM is 3.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ3.7%TTM3.7%0.0%
TTM3.7%YOY0.5%+3.2%
TTM3.7%5Y3.1%+0.6%
5Y3.1%10Y11.2%-8.1%
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7%-8.4%+12.1%
TTM3.7%-5.9%+9.6%
YOY0.5%-9.1%+9.6%
5Y3.1%-8.6%+11.7%
10Y11.2%-9.1%+20.3%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Keyware to the Software-Infrastructure industry mean.
  • 1.8% Return on Assets means that Keyware generated €0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Keyware Technologies NV:

  • The MRQ is 1.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.8%TTM1.8%0.0%
TTM1.8%YOY0.2%+1.6%
TTM1.8%5Y1.4%+0.4%
5Y1.4%10Y4.6%-3.2%
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8%-0.7%+2.5%
TTM1.8%-0.6%+2.4%
YOY0.2%-1.0%+1.2%
5Y1.4%-0.9%+2.3%
10Y4.6%-1.0%+5.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Keyware to the Software-Infrastructure industry mean.
  • 2.3% Return on Equity means Keyware generated €0.02 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Keyware Technologies NV:

  • The MRQ is 2.3%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.3%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.3%TTM2.3%0.0%
TTM2.3%YOY0.2%+2.1%
TTM2.3%5Y2.1%+0.3%
5Y2.1%10Y6.5%-4.5%
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3%-1.5%+3.8%
TTM2.3%-1.6%+3.9%
YOY0.2%-1.5%+1.7%
5Y2.1%-2.0%+4.1%
10Y6.5%-2.0%+8.5%

1.2. Operating Efficiency of Keyware Technologies NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Keyware is operating .

  • Measures how much profit Keyware 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 Keyware to the Software-Infrastructure industry mean.
  • An Operating Margin of 3.0% means the company generated €0.03  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Keyware Technologies NV:

  • The MRQ is 3.0%. The company is operating less efficient.
  • The TTM is 3.0%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ3.0%TTM3.0%0.0%
TTM3.0%YOY1.8%+1.3%
TTM3.0%5Y5.4%-2.4%
5Y5.4%10Y12.3%-6.9%
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ3.0%-5.3%+8.3%
TTM3.0%-4.6%+7.6%
YOY1.8%-5.5%+7.3%
5Y5.4%-6.0%+11.4%
10Y12.3%-5.9%+18.2%
1.2.2. Operating Ratio

Measures how efficient Keyware is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software-Infrastructure industry mean).
  • An Operation Ratio of 0.86 means that the operating costs are €0.86 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Keyware Technologies NV:

  • The MRQ is 0.858. The company is less efficient in keeping operating costs low.
  • The TTM is 0.858. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.858TTM0.8580.000
TTM0.858YOY0.891-0.033
TTM0.8585Y0.883-0.025
5Y0.88310Y0.803+0.080
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8581.231-0.373
TTM0.8581.137-0.279
YOY0.8911.104-0.213
5Y0.8831.078-0.195
10Y0.8031.062-0.259

1.3. Liquidity of Keyware Technologies NV.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Software-Infrastructure industry mean).
  • A Current Ratio of 2.84 means the company has €2.84 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Keyware Technologies NV:

  • The MRQ is 2.843. The company is able to pay all its short-term debts. +1
  • The TTM is 2.843. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.843TTM2.8430.000
TTM2.843YOY2.205+0.637
TTM2.8435Y2.313+0.530
5Y2.31310Y1.712+0.600
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8431.590+1.253
TTM2.8431.838+1.005
YOY2.2051.819+0.386
5Y2.3131.796+0.517
10Y1.7121.674+0.038
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Keyware to the Software-Infrastructure industry mean.
  • A Quick Ratio of 2.70 means the company can pay off €2.70 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Keyware Technologies NV:

  • The MRQ is 2.695. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.695. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.695TTM2.6950.000
TTM2.695YOY2.050+0.645
TTM2.6955Y2.134+0.561
5Y2.13410Y1.544+0.590
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6951.030+1.665
TTM2.6951.166+1.529
YOY2.0501.174+0.876
5Y2.1341.203+0.931
10Y1.5441.208+0.336

1.4. Solvency of Keyware Technologies NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Keyware to Software-Infrastructure industry mean.
  • A Debt to Asset Ratio of 0.23 means that Keyware assets are financed with 23.1% credit (debt) and the remaining percentage (100% - 23.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Keyware Technologies NV:

  • The MRQ is 0.231. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.231. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.231TTM0.2310.000
TTM0.231YOY0.267-0.036
TTM0.2315Y0.304-0.073
5Y0.30410Y0.309-0.005
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2310.516-0.285
TTM0.2310.502-0.271
YOY0.2670.549-0.282
5Y0.3040.546-0.242
10Y0.3090.562-0.253
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Keyware to the Software-Infrastructure industry mean.
  • A Debt to Equity ratio of 30.1% means that company has €0.30 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Keyware Technologies NV:

  • The MRQ is 0.301. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.301. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.301TTM0.3010.000
TTM0.301YOY0.364-0.063
TTM0.3015Y0.445-0.144
5Y0.44510Y0.456-0.011
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3010.883-0.582
TTM0.3010.874-0.573
YOY0.3640.905-0.541
5Y0.4450.967-0.522
10Y0.4560.966-0.510

2. Market Valuation of Keyware Technologies 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 Keyware generates.

  • Above 15 is considered overpriced but always compare Keyware to the Software-Infrastructure industry mean.
  • A PE ratio of 37.59 means the investor is paying €37.59 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Keyware Technologies NV:

  • The EOD is 34.137. Good. +1
  • The MRQ is 37.585. Good. +1
  • The TTM is 37.585. Good. +1
Trends
Current periodCompared to+/- 
EOD34.137MRQ37.585-3.448
MRQ37.585TTM37.5850.000
TTM37.585YOY283.930-246.345
TTM37.5855Y90.452-52.867
5Y90.45210Y53.762+36.690
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
EOD34.137-9.841+43.978
MRQ37.585-12.927+50.512
TTM37.585-16.694+54.279
YOY283.930-8.679+292.609
5Y90.452-7.366+97.818
10Y53.762-4.317+58.079
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Keyware.

  • 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 Keyware Technologies NV:

  • The MRQ is 3.789. Seems overpriced? -1
  • The TTM is 3.789. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ3.789TTM3.7890.000
TTM3.789YOY1,360.421-1,356.633
TTM3.7895Y327.164-323.376
5Y327.16410Y167.741+159.423
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7890.001+3.788
TTM3.789-0.008+3.797
YOY1,360.4210.352+1,360.069
5Y327.1640.100+327.064
10Y167.7410.091+167.650

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

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

  • At or below 1 is considered healthy (always compare to Software-Infrastructure industry mean).
  • A PB ratio of 0.88 means the investor is paying €0.88 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Keyware Technologies NV:

  • The EOD is 0.799. Very good. +2
  • The MRQ is 0.880. Very good. +2
  • The TTM is 0.880. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.799MRQ0.880-0.081
MRQ0.880TTM0.8800.000
TTM0.880YOY0.688+0.192
TTM0.8805Y0.890-0.010
5Y0.89010Y1.111-0.221
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
EOD0.7992.703-1.904
MRQ0.8802.734-1.854
TTM0.8803.921-3.041
YOY0.6884.254-3.566
5Y0.8903.033-2.143
10Y1.1112.824-1.713
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Keyware Technologies NV compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.0320.0320%0.011+201%0.023+39%0.073-56%
Book Value Growth--1.0241.0240%0.997+3%1.011+1%1.097-7%
Book Value Per Share--1.2391.2390%1.206+3%1.203+3%1.025+21%
Book Value Per Share Growth--1.0271.0270%1.009+2%1.020+1%1.095-6%
Current Ratio--2.8432.8430%2.205+29%2.313+23%1.712+66%
Debt To Asset Ratio--0.2310.2310%0.267-13%0.304-24%0.309-25%
Debt To Equity Ratio--0.3010.3010%0.364-17%0.445-32%0.456-34%
Dividend Per Share----0%-0%0.019-100%0.017-100%
Eps--0.0290.0290%0.003+892%0.025+18%0.063-54%
Eps Growth--9.9219.9210%0.209+4653%2.313+329%2.481+300%
Free Cash Flow Per Share--0.0630.0630%0.126-50%0.097-35%0.042+51%
Free Cash Flow Per Share Growth--0.5010.5010%4.472-89%1.524-67%1.613-69%
Free Cash Flow To Equity Per Share--0.0050.0050%0.012-57%0.025-78%0.035-85%
Free Cash Flow To Equity Per Share Growth--0.4280.4280%2.118-80%-11.705+2833%-3.009+803%
Gross Profit Margin--0.2480.2480%-5.242+2213%-1.221+592%-0.127+151%
Intrinsic Value_10Y_max--1.702--------
Intrinsic Value_10Y_min--0.176--------
Intrinsic Value_1Y_max--0.094--------
Intrinsic Value_1Y_min--0.052--------
Intrinsic Value_3Y_max--0.340--------
Intrinsic Value_3Y_min--0.128--------
Intrinsic Value_5Y_max--0.657--------
Intrinsic Value_5Y_min--0.171--------
Net Profit Margin--0.0370.0370%0.005+625%0.031+20%0.112-67%
Operating Margin--0.0300.0300%0.018+73%0.054-44%0.123-75%
Operating Ratio--0.8580.8580%0.891-4%0.883-3%0.803+7%
Pb Ratio0.799-10%0.8800.8800%0.688+28%0.890-1%1.111-21%
Pe Ratio34.137-10%37.58537.5850%283.930-87%90.452-58%53.762-30%
Peg Ratio--3.7893.7890%1360.421-100%327.164-99%167.741-98%
Price Per Share0.990-10%1.0901.0900%0.830+31%1.068+2%1.112-2%
Price To Total Gains Ratio30.683-10%33.78333.7830%77.541-56%34.791-3%21.516+57%
Profit Growth--9.8949.8940%0.206+4697%2.305+329%2.490+297%
Quick Ratio--2.6952.6950%2.050+31%2.134+26%1.544+75%
Return On Assets--0.0180.0180%0.002+913%0.014+29%0.046-61%
Return On Equity--0.0230.0230%0.002+866%0.021+14%0.065-64%
Revenue Growth--1.3651.3650%0.715+91%1.010+35%1.143+19%
Total Gains Per Share--0.0320.0320%0.011+201%0.042-24%0.090-64%
Total Gains Per Share Growth--3.0143.0140%0.303+894%1.044+189%2.047+47%
Usd Book Value--30315814.80030315814.8000%29606069.100+2%29884315.500+1%25560192.540+19%
Usd Book Value Change Per Share--0.0350.0350%0.012+201%0.025+39%0.079-56%
Usd Book Value Per Share--1.3461.3460%1.311+3%1.307+3%1.114+21%
Usd Dividend Per Share----0%-0%0.021-100%0.019-100%
Usd Eps--0.0320.0320%0.003+892%0.027+18%0.069-54%
Usd Free Cash Flow--1545571.8001545571.8000%3093317.400-50%2418569.880-36%1058423.220+46%
Usd Free Cash Flow Per Share--0.0690.0690%0.137-50%0.106-35%0.045+51%
Usd Free Cash Flow To Equity Per Share--0.0060.0060%0.014-57%0.027-78%0.038-85%
Usd Price Per Share1.076-10%1.1851.1850%0.902+31%1.161+2%1.208-2%
Usd Profit--709745.700709745.7000%71735.400+889%617141.820+15%1595569.200-56%
Usd Revenue--19226174.10019226174.1000%14087310.900+36%18940536.780+2%15769832.100+22%
Usd Total Gains Per Share--0.0350.0350%0.012+201%0.046-24%0.097-64%
 EOD+3 -2MRQTTM+0 -0YOY+30 -105Y+29 -1310Y+22 -20

3.2. Fundamental Score

Let's check the fundamental score of Keyware Technologies NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1534.137
Price to Book Ratio (EOD)Between0-10.799
Net Profit Margin (MRQ)Greater than00.037
Operating Margin (MRQ)Greater than00.030
Quick Ratio (MRQ)Greater than12.695
Current Ratio (MRQ)Greater than12.843
Debt to Asset Ratio (MRQ)Less than10.231
Debt to Equity Ratio (MRQ)Less than10.301
Return on Equity (MRQ)Greater than0.150.023
Return on Assets (MRQ)Greater than0.050.018
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Keyware Technologies NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.292
Ma 20Greater thanMa 501.016
Ma 50Greater thanMa 1001.017
Ma 100Greater thanMa 2001.029
OpenGreater thanClose0.990
Total0/5 (0.0%)



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
Net Debt  6,226-2,2283,998844,082-2,7701,312-1,470-158
Tax Provision  854-549305235540-433107-250-143
Income Tax Expense  854-549305235540-433107-250-143
Total Other Income Expense Net -95223-929338-591-645-1,2361,627391



Latest Balance Sheet

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

Summary
Total Assets36,276
Total Liabilities8,384
Total Stockholder Equity27,892
 As reported
Total Liabilities 8,384
Total Stockholder Equity+ 27,892
Total Assets = 36,276

Assets

Total Assets36,276
Total Current Assets12,513
Long-term Assets12,513
Total Current Assets
Cash And Cash Equivalents 1,718
Net Receivables 10,146
Inventory 649
Total Current Assets  (as reported)12,513
Total Current Assets  (calculated)12,513
+/-0
Long-term Assets
Property Plant Equipment 1,208
Goodwill 7,762
Intangible Assets 4,450
Other Assets 10,342
Long-term Assets  (as reported)23,763
Long-term Assets  (calculated)23,762
+/- 1

Liabilities & Shareholders' Equity

Total Current Liabilities4,402
Long-term Liabilities3,982
Total Stockholder Equity27,892
Total Current Liabilities
Short-term Debt 721
Short Long Term Debt 487
Accounts payable 1,660
Other Current Liabilities 840
Total Current Liabilities  (as reported)4,402
Total Current Liabilities  (calculated)3,708
+/- 694
Long-term Liabilities
Long term Debt 495
Capital Lease Obligations Min Short Term Debt-143
Other Liabilities 3,143
Deferred Long Term Liability 392
Long-term Liabilities  (as reported)3,982
Long-term Liabilities  (calculated)3,887
+/- 95
Total Stockholder Equity
Common Stock8,052
Retained Earnings 16,726
Other Stockholders Equity 3,114
Total Stockholder Equity (as reported)27,892
Total Stockholder Equity (calculated)27,892
+/-0
Other
Capital Stock8,052
Cash and Short Term Investments 1,718
Common Stock Shares Outstanding 22,517
Liabilities and Stockholders Equity 36,276
Net Debt -158
Net Invested Capital 28,874
Net Tangible Assets 15,680
Net Working Capital 8,111
Short Long Term Debt Total 1,560



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 
93,638
45,549
27,178
22,017
19,155
25,622
20,181
15,895
15,853
17,777
19,308
20,553
22,354
24,174
27,088
31,018
36,198
42,898
42,907
39,343
37,155
36,276
36,27637,15539,34342,90742,89836,19831,01827,08824,17422,35420,55319,30817,77715,85315,89520,18125,62219,15522,01727,17845,54993,638
   > Total Current Assets 
0
0
0
0
0
5,081
1,488
2,344
3,169
2,597
2,778
3,384
4,014
3,825
5,494
6,413
9,219
15,668
15,865
13,262
12,295
12,513
12,51312,29513,26215,86515,6689,2196,4135,4943,8254,0143,3842,7782,5973,1692,3441,4885,08100000
       Cash And Cash Equivalents 
28,227
1,280
545
308
137
233
11
13
293
34
148
118
115
97
915
981
1,045
3,325
3,520
1,187
1,549
1,718
1,7181,5491,1873,5203,3251,045981915971151181483429313112331373085451,28028,227
       Short-term Investments 
0
0
0
0
0
233
11
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000001123300000
       Net Receivables 
14,194
9,567
4,691
2,003
1,594
2,122
368
1,544
2,206
1,833
1,872
2,543
3,353
3,289
3,710
4,431
6,937
10,820
11,141
10,797
9,878
10,146
10,1469,87810,79711,14110,8206,9374,4313,7103,2893,3532,5431,8721,8332,2061,5443682,1221,5942,0034,6919,56714,194
       Other Current Assets 
858
452
155
67
520
2,771
996
1,890
2,584
2,071
2,037
2,725
3,538
3,342
3,843
4,440
6,973
11,067
11,417
11,079
10,147
10,146
10,14610,14711,07911,41711,0676,9734,4403,8433,3423,5382,7252,0372,0712,5841,8909962,77152067155452858
   > Long-term Assets 
0
0
0
0
0
20,541
18,693
13,551
12,684
15,180
16,530
17,169
18,340
20,349
21,594
24,605
26,979
27,230
27,042
26,081
24,860
23,763
23,76324,86026,08127,04227,23026,97924,60521,59420,34918,34017,16916,53015,18012,68413,55118,69320,54100000
       Property Plant Equipment 
2,382
2,478
997
392
708
391
223
312
126
70
132
118
277
479
485
428
491
992
2,050
2,073
1,685
1,208
1,2081,6852,0732,050992491428485479277118132701263122233917083929972,4782,382
       Goodwill 
0
0
0
16,274
12,459
12,459
9,198
5,248
5,248
5,248
5,248
5,248
5,248
5,248
5,248
5,248
5,248
7,993
7,993
7,993
7,762
7,762
7,7627,7627,9937,9937,9935,2485,2485,2485,2485,2485,2485,2485,2485,2485,2489,19812,45912,45916,274000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
250
4,505
0
0
0
0
0
000004,505250000000000000000
       Intangible Assets 
43,211
25,765
17,778
17,061
13,157
1,540
259
864
771
510
359
200
5,290
5,276
5,262
200
150
6,679
6,332
5,762
5,268
4,450
4,4505,2685,7626,3326,6791502005,2625,2765,2902003595107718642591,54013,15717,06117,77825,76543,211
       Long-term Assets Other 
0
0
0
0
0
16,535
15,997
10,552
4,917
7,902
9,106
9,918
11,088
12,909
14,162
15,671
19,070
10,706
7,954
7,469
7,334
7,268
7,2687,3347,4697,95410,70619,07015,67114,16212,90911,0889,9189,1067,9024,91710,55215,99716,53500000
> Total Liabilities 
17,954
13,454
15,003
11,522
11,007
13,046
8,976
10,354
7,292
9,565
7,984
9,015
8,556
8,381
9,107
7,335
9,762
15,465
15,315
12,024
9,916
8,384
8,3849,91612,02415,31515,4659,7627,3359,1078,3818,5569,0157,9849,5657,29210,3548,97613,04611,00711,52215,00313,45417,954
   > Total Current Liabilities 
13,609
11,810
14,573
10,987
10,407
9,362
5,485
6,650
4,183
4,405
3,509
5,077
4,945
6,225
5,696
4,617
5,177
6,747
7,922
6,053
5,575
4,402
4,4025,5756,0537,9226,7475,1774,6175,6966,2254,9455,0773,5094,4054,1836,6505,4859,36210,40710,98714,57311,81013,609
       Short-term Debt 
0
0
0
0
0
1,744
1,208
522
522
627
789
969
1,465
2,340
1,473
1,540
1,790
3,086
4,320
2,986
1,888
721
7211,8882,9864,3203,0861,7901,5401,4732,3401,4659697896275225221,2081,74400000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
4,083
1,443
1,514
1,745
2,869
4,113
2,741
1,643
487
4871,6432,7414,1132,8691,7451,5141,4434,0830000000000000
       Accounts payable 
6,138
3,655
4,427
3,605
4,992
4,164
3,314
19
2,857
3,487
939
2,760
860
1,649
2,768
1,078
2,919
2,522
2,152
1,328
1,449
1,660
1,6601,4491,3282,1522,5222,9191,0782,7681,6498602,7609393,4872,857193,3144,1644,9923,6054,4273,6556,138
       Other Current Liabilities 
5,330
6,511
6,471
6,680
5,019
3,454
963
6,109
804
291
2,720
1,348
3,480
3,885
4,223
3,077
468
1,139
927
811
993
840
8409938119271,1394683,0774,2233,8853,4801,3482,7202918046,1099633,4545,0196,6806,4716,5115,330
   > Long-term Liabilities 
0
0
0
0
0
3,684
3,491
3,704
3,109
5,160
4,475
3,938
3,611
2,156
3,411
2,718
4,585
8,718
7,393
5,971
4,341
3,982
3,9824,3415,9717,3938,7184,5852,7183,4112,1563,6113,9384,4755,1603,1093,7043,4913,68400000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,198
2,283
0
0
002,2833,198000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30
0
0
00300000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
700
392
39270000000000000000000000
> Total Stockholder Equity
75,684
32,095
12,175
10,495
8,148
12,576
11,205
5,541
8,561
8,212
11,324
11,538
13,798
15,793
17,981
23,683
26,436
27,433
27,592
27,319
27,239
27,892
27,89227,23927,31927,59227,43326,43623,68317,98115,79313,79811,53811,3248,2128,5615,54111,20512,5768,14810,49512,17532,09575,684
   Common Stock
96,634
98,674
98,674
101,613
24,697
27,522
33,957
13,831
17,618
18,063
6,069
6,200
7,700
8,479
8,490
8,771
7,194
7,412
7,682
8,052
8,052
8,052
8,0528,0528,0527,6827,4127,1948,7718,4908,4797,7006,2006,06918,06317,61813,83133,95727,52224,697101,61398,67498,67496,634
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 0-2,345-1,950-1,557-1,432-1,205-1,106-888-670-5990-612-580000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,208
3,407
0
0
003,4073,208000000000000000000
   Treasury Stock00-799-557-609-190000000000000000
   Other Stockholders Equity 
0
0
0
0
0
4,643
4,684
-619
-8,178
5,221
5,421
4,809
5,658
5,916
6,401
6,749
4,851
4,683
5,005
5,355
5,633
3,114
3,1145,6335,3555,0054,6834,8516,7496,4015,9165,6584,8095,4215,221-8,178-6194,6844,64300000



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.