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Martela Oyj A
Buy or Sell?

Welcome Invester! I guess you are interested in Martela Oyj A. 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 start. I'm going to help you getting a better view of Martela Oyj A. 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 Martela Oyj A 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 Martela Oyj A is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Martela Oyj A. The closing price on 2022-09-29 was €2.69 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.
Martela Oyj A Daily Candlestick Chart


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is 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 just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

1.1. Profitability of Martela Oyj A.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Martela to the Furnishings, Fixtures & Appliances industry mean.
  • A Net Profit Margin of 1.6% means that €0.02 for each €1 in revenue is generated as profit.

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

  • The MRQ is -0.9%. The company is not making a profit/loss.
  • The TTM is 1.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ-0.9%TTM1.6%-2.6%
TTM1.6%YOY-7.4%+9.0%
TTM1.6%5Y-2.7%+4.3%
5Y-2.7%10Y-0.8%-1.9%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.9%4.2%-5.1%
TTM1.6%3.0%-1.4%
YOY-7.4%5.4%-12.8%
5Y-2.7%3.7%-6.4%
10Y-0.8%3.9%-4.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Martela to the Furnishings, Fixtures & Appliances industry mean.
  • 0.9% Return on Assets means that Martela generated €0.01 profit for each $1 in assets.

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

  • The MRQ is -0.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 0.9%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-0.5%TTM0.9%-1.4%
TTM0.9%YOY-3.2%+4.1%
TTM0.9%5Y-1.2%+2.1%
5Y-1.2%10Y-0.2%-1.0%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.5%1.2%-1.7%
TTM0.9%1.1%-0.2%
YOY-3.2%1.6%-4.8%
5Y-1.2%1.3%-2.5%
10Y-0.2%1.4%-1.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Martela to the Furnishings, Fixtures & Appliances industry mean.
  • -2.4% Return on Equity means the company generated €-0.02 for each €1 the owners (shareholders) invested.

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

  • The MRQ is -2.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 4.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-2.4%TTM4.4%-6.8%
TTM4.4%YOY-16.4%+20.9%
TTM4.4%5Y-4.8%+9.3%
5Y-4.8%10Y-1.4%-3.4%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.4%2.5%-4.9%
TTM4.4%2.8%+1.6%
YOY-16.4%3.4%-19.8%
5Y-4.8%2.5%-7.3%
10Y-1.4%2.6%-4.0%

1.2. Operating Efficiency of Martela Oyj A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Martela is operating .

  • Measures how much profit Martela 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 Martela to the Furnishings, Fixtures & Appliances industry mean.
  • An Operating Margin of 0.3% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Martela Oyj A:

  • The MRQ is 0.3%. The company is operating inefficient. -1
  • The TTM is 2.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ0.3%TTM2.7%-2.4%
TTM2.7%YOY-6.7%+9.3%
TTM2.7%5Y-0.9%+3.5%
5Y-0.9%10Y-0.6%-0.3%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3%4.9%-4.6%
TTM2.7%4.4%-1.7%
YOY-6.7%6.8%-13.5%
5Y-0.9%5.1%-6.0%
10Y-0.6%4.0%-4.6%
1.2.2. Operating Ratio

Measures how efficient Martela is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • An Operation Ratio of 99.7% means that the operating costs are €1.00for each €1 in net sales.

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

  • The MRQ is 0.997. The company is less efficient in keeping operating costs low.
  • The TTM is 0.975. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.997TTM0.975+0.022
TTM0.975YOY1.070-0.094
TTM0.9755Y1.299-0.324
5Y1.29910Y0.978+0.322
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9971.610-0.613
TTM0.9751.538-0.563
YOY1.0701.445-0.375
5Y1.2991.322-0.023
10Y0.9781.098-0.120

1.3. Liquidity of Martela Oyj A.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • A Current Ratio of 99.5% means the company has €1.00 in assets for each €1 in short-term debts.

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

  • The MRQ is 0.995. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.973. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.995TTM0.973+0.022
TTM0.973YOY1.002-0.029
TTM0.9735Y1.050-0.077
5Y1.05010Y0.611+0.440
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9951.572-0.577
TTM0.9731.544-0.571
YOY1.0021.574-0.572
5Y1.0501.499-0.449
10Y0.6111.264-0.653
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean)
  • A Quick Ratio of 49.3% means the company can pay off €0.49 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 0.493. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.478. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.493TTM0.478+0.014
TTM0.478YOY0.391+0.087
TTM0.4785Y0.497-0.019
5Y0.49710Y0.653-0.156
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4930.563-0.070
TTM0.4780.596-0.118
YOY0.3910.695-0.304
5Y0.4970.636-0.139
10Y0.6530.623+0.030

1.4. Solvency of Martela Oyj A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • A Debt to Asset Ratio of 0.81 means that Martela assets are financed with 80.6% credit (debt) and the remaining percentage (100% - 80.6%) is financed by its owners/shareholders.

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

  • The MRQ is 0.806. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.797. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.806TTM0.797+0.009
TTM0.797YOY0.787+0.010
TTM0.7975Y0.715+0.082
5Y0.71510Y0.658+0.057
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8060.512+0.294
TTM0.7970.501+0.296
YOY0.7870.488+0.299
5Y0.7150.462+0.253
10Y0.6580.456+0.202
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • A Debt to Equity ratio of 416.4% means that company has €4.16 debt for each €1 in shareholders equity.

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

  • The MRQ is 4.164. The company is just not able to pay all its debts with equity. -1
  • The TTM is 3.940. The company is just not able to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.164TTM3.940+0.225
TTM3.940YOY3.763+0.177
TTM3.9405Y2.781+1.158
5Y2.78110Y2.156+0.625
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ4.1641.010+3.154
TTM3.9401.041+2.899
YOY3.7630.956+2.807
5Y2.7810.931+1.850
10Y2.1560.919+1.237

2. Market Valuation of Martela Oyj A

2. Earnings
2.1. Price to Earnings Ratio

Measures how many years it takes to double your invested money in Martela.

  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 6.93 means the investor is paying €6.93 for every €1 in earnings.

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

  • The EOD is 6.675. Very good. +2
  • The MRQ is 6.926. Very good. +2
  • The TTM is -15.540. Company is losing money. -2
Trends
Current periodCompared to+/- 
EOD6.675MRQ6.926-0.251
MRQ6.926TTM-15.540+22.466
TTM-15.540YOY-2.953-12.587
TTM-15.5405Y-5.185-10.355
5Y-5.18510Y-7.246+2.060
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
EOD6.67510.721-4.046
MRQ6.92612.241-5.315
TTM-15.54013.666-29.206
YOY-2.95314.223-17.176
5Y-5.18513.776-18.961
10Y-7.24614.675-21.921
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Martela.

  • Lower is better
  • A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of Martela Oyj A:

  • The MRQ is -0.054. Very Bad. -2
  • The TTM is 0.170. Very good. +2
Trends
Current periodCompared to+/- 
MRQ-0.054TTM0.170-0.224
TTM0.170YOY0.127+0.043
TTM0.1705Y-0.245+0.415
5Y-0.24510Y-0.049-0.195
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.0540.004-0.058
TTM0.1700.021+0.149
YOY0.1270.028+0.099
5Y-0.2450.018-0.263
10Y-0.0490.055-0.104

2. Books
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • A PB ratio of 1.17 means the investor is paying €1.17 for each €1 in book value.

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

  • The EOD is 1.127. Good. +1
  • The MRQ is 1.169. Good. +1
  • The TTM is 1.073. Good. +1
Trends
Current periodCompared to+/- 
EOD1.127MRQ1.169-0.042
MRQ1.169TTM1.073+0.097
TTM1.073YOY1.160-0.087
TTM1.0735Y0.984+0.089
5Y0.98410Y0.604+0.380
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
EOD1.1271.547-0.420
MRQ1.1691.628-0.459
TTM1.0731.989-0.916
YOY1.1602.039-0.879
5Y0.9841.814-0.830
10Y0.6041.405-0.801

2.4. Latest News of Martela Oyj A

Does Martela Oyj A still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Martela Oyj A to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2022-09-14
07:30
Martela Oyj: Managers' transactionsRead

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Martela Oyj A compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Per Share--2.3872.337+2%2.492-4%4.062-41%2.303+4%
Current Ratio--0.9950.973+2%1.002-1%1.050-5%0.611+63%
Debt To Asset Ratio--0.8060.797+1%0.787+2%0.715+13%0.658+23%
Debt To Equity Ratio--4.1643.940+6%3.763+11%2.781+50%2.156+93%
Eps---0.0570.101-156%-0.352+523%-0.137+142%-0.073+29%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.800+25%
Net Profit Margin---0.0090.016-157%-0.074+697%-0.027+191%-0.008-17%
Operating Margin--0.0030.027-89%-0.067+2403%-0.009+408%-0.006+306%
Operating Ratio--0.9970.975+2%1.070-7%1.299-23%0.978+2%
Pb Ratio1.127-4%1.1691.073+9%1.160+1%0.984+19%0.604+94%
Pe Ratio6.675-4%6.926-15.540+324%-2.953+143%-5.185+175%-7.246+205%
Peg Ratio---0.0540.170-132%0.127-142%-0.245+354%-0.049-9%
Price Per Share2.690-4%2.7912.507+11%2.739+2%3.608-23%4.515-38%
Quick Ratio--0.4930.478+3%0.391+26%0.497-1%0.653-25%
Return On Assets---0.0050.009-151%-0.032+596%-0.012+159%-0.002-60%
Return On Equity---0.0240.044-153%-0.164+594%-0.048+105%-0.014-41%
 EOD+3 -0MRQTTM+4 -11YOY+8 -75Y+7 -810Y+7 -9

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-156.675
Price to Book Ratio (EOD)Between0-11.127
Net Profit Margin (MRQ)Greater than0-0.009
Operating Margin (MRQ)Greater than00.003
Quick Ratio (MRQ)Greater than10.493
Current Ratio (MRQ)Greater than10.995
Debt to Asset Ratio (MRQ)Less than10.806
Debt to Equity Ratio (MRQ)Less than14.164
Return on Equity (MRQ)Greater than0.15-0.024
Return on Assets (MRQ)Greater than0.05-0.005
Total3/10 (30.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5022.990
Ma 20Greater thanMa 503.168
Ma 50Greater thanMa 1003.338
Ma 100Greater thanMa 2003.174
OpenGreater thanClose3.040
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets55,408
Total Liabilities44,679
Total Stockholder Equity10,729
 As reported
Total Liabilities 44,679
Total Stockholder Equity+ 10,729
Total Assets = 55,408

Assets

Total Assets55,408
Total Current Assets39,085
Long-term Assets39,085
Total Current Assets
Cash And Cash Equivalents 4,454
Net Receivables 19,355
Inventory 15,276
Total Current Assets  (as reported)39,085
Total Current Assets  (calculated)39,085
+/-0
Long-term Assets
Property Plant Equipment 11,070
Other Assets 888
Long-term Assets  (as reported)16,323
Long-term Assets  (calculated)11,958
+/- 4,365

Liabilities & Shareholders' Equity

Total Current Liabilities39,274
Long-term Liabilities5,405
Total Stockholder Equity10,729
Total Current Liabilities
Other Current Liabilities 30,975
Total Current Liabilities  (as reported)39,274
Total Current Liabilities  (calculated)30,975
+/- 8,299
Long-term Liabilities
Other Liabilities 471
Long-term Liabilities Other 235
Long-term Liabilities  (as reported)5,405
Long-term Liabilities  (calculated)706
+/- 4,699
Total Stockholder Equity
Common Stock7,000
Retained Earnings 2,280
Other Stockholders Equity 336
Total Stockholder Equity (as reported)10,729
Total Stockholder Equity (calculated)9,616
+/- 1,113
Other
Capital Stock7,000
Common Stock Shares Outstanding 4,495
Net Invested Capital 10,729
Net Tangible Assets 6,370
Net Working Capital -189



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-30
> Total Assets 
86,220
82,217
77,943
71,958
64,665
59,748
54,934
55,206
52,638
55,193
55,696
55,757
55,249
56,098
53,727
55,312
55,520
59,109
56,656
59,881
60,605
63,800
63,511
62,950
60,770
64,895
56,923
55,602
55,598
51,227
53,203
53,488
56,689
52,311
51,397
53,410
69,704
58,432
60,966
61,746
64,342
55,775
57,737
58,477
58,614
0
61,592
55,523
54,237
50,305
52,944
57,396
55,986
50,780
52,854
52,833
56,238
48,799
56,058
57,663
56,439
0
49,379
0
49,995
52,088
51,553
51,962
55,176
46,197
52,309
52,406
51,706
45,106
43,156
46,370
51,055
50,533
55,408
55,40850,53351,05546,37043,15645,10651,70652,40652,30946,19755,17651,96251,55352,08849,995049,379056,43957,66356,05848,79956,23852,83352,85450,78055,98657,39652,94450,30554,23755,52361,592058,61458,47757,73755,77564,34261,74660,96658,43269,70453,41051,39752,31156,68953,48853,20351,22755,59855,60256,92364,89560,77062,95063,51163,80060,60559,88156,65659,10955,52055,31253,72756,09855,24955,75755,69655,19352,63855,20654,93459,74864,66571,95877,94382,21786,220
   > 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
34,459
41,877
43,988
43,161
0
37,653
0
38,464
34,262
34,225
34,876
37,766
27,358
33,816
34,485
35,207
29,128
27,700
31,868
36,756
35,930
39,085
39,08535,93036,75631,86827,70029,12835,20734,48533,81627,35837,76634,87634,22534,26238,464037,653043,16143,98841,87734,459000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,785
4,013
9,136
7,283
0
9,258
0
10,594
10,627
8,495
7,542
9,621
7,200
7,464
11,687
11,172
9,440
5,980
5,143
4,926
3,914
4,454
4,4543,9144,9265,1435,9809,44011,17211,6877,4647,2009,6217,5428,49510,62710,59409,25807,2839,1364,0139,785000000000000000000000000000000000000000000000000000000000
       Net Receivables 
21,550
20,706
19,866
16,338
13,355
16,470
12,483
14,074
14,450
16,213
13,902
14,088
15,775
17,395
14,885
16,713
19,128
24,022
21,167
21,322
25,650
21,821
22,420
20,425
19,537
23,699
13,000
12,423
12,514
11,798
17,383
15,115
19,537
14,711
16,485
17,890
24,815
18,050
22,900
21,240
23,438
15,865
17,710
19,809
22,419
0
22,729
19,734
18,379
16,056
18,890
24,664
21,612
16,971
18,311
19,150
20,297
16,505
27,544
24,724
23,714
0
18,648
0
17,153
15,495
17,939
17,677
16,847
12,172
15,474
14,133
12,656
10,865
11,741
15,486
17,598
18,189
19,355
19,35518,18917,59815,48611,74110,86512,65614,13315,47412,17216,84717,67717,93915,49517,153018,648023,71424,72427,54416,50520,29719,15018,31116,97121,61224,66418,89016,05618,37919,73422,729022,41919,80917,71015,86523,43821,24022,90018,05024,81517,89016,48514,71119,53715,11517,38311,79812,51412,42313,00023,69919,53720,42522,42021,82125,65021,32221,16724,02219,12816,71314,88517,39515,77514,08813,90216,21314,45014,07412,48316,47013,35516,33819,86620,70621,550
       Other Current Assets 
0
1,975
0
1,477
0
977
0
0
0
905
0
0
0
746
0
0
0
732
0
0
0
1,231
0
0
0
553
1
0
661
0
1
0
280
0
0
0
337
0
0
0
278
0
0
0
1,227
0
0
0
2,159
0
0
0
1,702
0
0
0
1,054
-1
0
0
3,301
0
0
0
2,023
0
-1
1
3,181
0
-1
0
1,756
0
1
0
2,006
-1
0
0-12,0060101,7560-103,1811-102,0230003,30100-11,0540001,7020002,1590001,227000278000337000280010661015530001,23100073200074600090500097701,47701,9750
   > 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,826
17,327
17,087
17,410
18,839
18,493
17,921
16,499
15,979
15,455
14,503
14,299
14,603
16,323
16,32314,60314,29914,50315,45515,97916,49917,92118,49318,83917,41017,08717,32717,82600000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
29,630
30,215
29,430
26,169
22,328
20,516
19,780
19,104
18,186
16,652
20,402
19,672
19,366
18,991
18,456
17,649
17,017
15,784
15,414
14,286
13,936
14,151
14,279
14,148
13,841
13,461
13,044
12,210
11,862
11,660
11,366
12,068
12,721
12,216
12,114
11,956
13,652
13,439
12,970
13,290
12,881
12,559
11,918
11,685
11,767
0
11,254
10,883
10,499
10,123
9,616
9,057
8,524
8,094
7,758
7,270
6,632
6,420
5,915
5,459
5,186
0
4,500
0
4,581
10,852
10,266
9,807
9,582
10,754
10,529
10,347
10,387
9,966
9,398
8,715
8,965
9,336
11,070
11,0709,3368,9658,7159,3989,96610,38710,34710,52910,7549,5829,80710,26610,8524,58104,50005,1865,4595,9156,4206,6327,2707,7588,0948,5249,0579,61610,12310,49910,88311,254011,76711,68511,91812,55912,88113,29012,97013,43913,65211,95612,11412,21612,72112,06811,36611,66011,86212,21013,04413,46113,84114,14814,27914,15113,93614,28615,41415,78417,01717,64918,45618,99119,36619,67220,40216,65218,18619,10419,78020,51622,32826,16929,43030,21529,630
       Goodwill 
0
453
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
883
0
0
0
883
0
0
0
883
0
0
0
883
0
0
0
883
0
0
0
883
0
0
0
883
0
0
0
883
0
0
0
883
0
0
0
883
0
0
00883000883000883000883000883000883000883000883000883000883000000000000000000000000000000000000004530
       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
55
55
53
53
0
53
0
8
53
53
53
7
0
0
0
0
0
0
0
0
0
0
000000000075353538053053535555000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
4,210
1,079
3,285
486
1,609
425
1,227
1,154
1,075
401
467
579
555
517
555
616
657
662
744
773
748
633
682
654
718
724
728
796
716
930
1,188
1,775
2,051
2,397
2,690
2,840
4,699
4,957
5,377
5,662
6,031
6,377
6,994
6,909
6,403
0
5,978
5,765
5,481
5,289
5,094
4,929
4,733
4,618
4,873
5,139
6,321
7,117
7,465
7,426
7,297
0
7,017
0
5,893
6,773
6,832
7,030
6,722
0
0
0
4,909
0
0
0
3,705
0
0
003,7050004,9090006,7227,0306,8326,7735,89307,01707,2977,4267,4657,1176,3215,1394,8734,6184,7334,9295,0945,2895,4815,7655,97806,4036,9096,9946,3776,0315,6625,3774,9574,6992,8402,6902,3972,0511,7751,1889307167967287247186546826337487737446626576165555175555794674011,0751,1541,2274251,6094863,2851,0794,210
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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
-1
17,087
2
18,839
0
1
0
1
-1
0
1
-1
-1
-1-110-1101018,839217,087-1-100000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
35,780
32,175
35,533
36,522
37,009
37,290
34,798
36,815
33,777
36,083
33,144
33,827
32,264
33,262
31,854
33,118
32,804
34,184
31,401
32,808
32,803
34,290
33,565
31,695
28,589
31,153
25,908
25,015
23,836
22,110
24,539
23,438
25,522
23,887
23,956
24,272
38,948
30,459
34,149
34,468
37,276
31,081
36,998
36,331
36,812
0
41,293
33,538
33,917
31,583
34,196
36,426
33,324
29,421
31,374
28,611
31,064
25,800
34,321
34,295
33,814
0
30,520
0
31,205
35,453
37,253
36,693
39,437
33,419
39,854
39,238
40,495
36,132
35,212
37,396
40,295
39,740
44,679
44,67939,74040,29537,39635,21236,13240,49539,23839,85433,41939,43736,69337,25335,45331,205030,520033,81434,29534,32125,80031,06428,61131,37429,42133,32436,42634,19631,58333,91733,53841,293036,81236,33136,99831,08137,27634,46834,14930,45938,94824,27223,95623,88725,52223,43824,53922,11023,83625,01525,90831,15328,58931,69533,56534,29032,80332,80831,40134,18432,80433,11831,85433,26232,26433,82733,14436,08333,77736,81534,79837,29037,00936,52235,53332,17535,780
   > Total Current Liabilities 
22,020
19,811
22,801
22,218
20,163
20,307
16,896
20,207
18,143
22,432
17,288
19,774
19,457
17,360
16,340
18,564
18,596
21,165
18,800
20,722
20,518
22,283
21,884
20,928
18,123
21,727
16,852
16,939
19,014
17,915
20,807
19,104
20,870
19,562
20,660
21,207
29,761
21,678
25,856
25,443
26,525
20,568
25,787
25,085
26,683
0
31,103
23,644
25,573
19,638
22,350
23,769
23,604
19,783
21,847
19,171
23,833
18,357
27,026
27,022
26,550
0
23,461
0
26,423
26,563
29,406
29,421
32,757
29,440
31,527
31,876
33,245
29,240
31,800
34,314
38,032
35,872
39,274
39,27435,87238,03234,31431,80029,24033,24531,87631,52729,44032,75729,42129,40626,56326,423023,461026,55027,02227,02618,35723,83319,17121,84719,78323,60423,76922,35019,63825,57323,64431,103026,68325,08525,78720,56826,52525,44325,85621,67829,76121,20720,66019,56220,87019,10420,80717,91519,01416,93916,85221,72718,12320,92821,88422,28320,51820,72218,80021,16518,59618,56416,34017,36019,45719,77417,28822,43218,14320,20716,89620,30720,16322,21822,80119,81122,020
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,921
13,355
9,425
6,952
13,271
5,740
0
6,157
6,224
6,796
6,483
5,748
0
0
0
0
0
0
0
0
0
0
00000000005,7486,4836,7966,2246,15705,74013,2716,9529,42513,3557,921000000000000000000000000000000000000000000000000000000000
       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
7,921
13,355
9,425
6,952
13,271
5,740
0
6,157
6,224
6,796
6,483
5,748
11,928
8,373
8,511
6,000
0
0
0
8,491
0
0
008,4910006,0008,5118,37311,9285,7486,4836,7966,2246,15705,74013,2716,9529,42513,3557,921000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
6,841
0
7,330
0
6,989
0
0
0
6,363
11,827
12,620
11,464
5,965
12,632
14,661
13,364
6,602
0
0
0
7,718
0
0
0
6,997
0
0
5,842
0
0
0
7,308
0
0
0
10,564
0
0
0
8,268
0
0
0
7,346
0
0
0
7,079
0
0
0
8,044
0
0
0
8,238
0
0
0
8,503
0
0
0
8,612
0
0
0
9,839
0
0
0
8,885
0
0
0
13,099
0
0
0013,0990008,8850009,8390008,6120008,5030008,2380008,0440007,0790007,3460008,26800010,5640007,3080005,842006,9970007,7180006,60213,36414,66112,6325,96511,46412,62011,8276,3630006,98907,33006,8410
       Other Current Liabilities 
0
8,526
0
7,067
0
7,049
0
0
0
8,461
0
0
0
7,687
0
0
0
10,291
14,896
16,922
15,807
10,597
18,167
17,218
15,346
11,861
14,098
14,143
8,164
12,806
16,351
14,761
10,892
17,154
18,217
17,277
15,707
18,194
21,065
17,752
12,247
17,192
20,220
15,876
12,606
0
24,588
17,417
12,823
17,771
19,031
20,978
13,043
18,063
20,769
18,602
13,590
16,741
19,915
17,597
10,982
0
17,721
0
4,780
17,899
20,157
20,481
6,564
17,512
23,154
23,365
7,417
21,137
21,953
23,558
5,581
28,277
30,975
30,97528,2775,58123,55821,95321,1377,41723,36523,15417,5126,56420,48120,15717,8994,780017,721010,98217,59719,91516,74113,59018,60220,76918,06313,04320,97819,03117,77112,82317,41724,588012,60615,87620,22017,19212,24717,75221,06518,19415,70717,27718,21717,15410,89214,76116,35112,8068,16414,14314,09811,86115,34617,21818,16710,59715,80716,92214,89610,2910007,6870008,4610007,04907,06708,5260
   > 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,890
7,847
7,272
6,681
3,979
8,327
7,362
7,251
6,892
3,412
3,082
2,264
3,868
5,405
5,4053,8682,2643,0823,4126,8927,2517,3628,3273,9796,6817,2727,8478,89000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
338
0
0
0
0
0
0
66
66
66
1
1
1
1
0
0
0
0
1
0
1
0
0
0
0
0
0
0
240
240
175
178
175
177
175
150
150
151
0
861
868
638
0
547
547
737
737
737
737
574
576
575
574
371
581
522
521
567
0
1,020
0
826
808
792
775
755
739
723
707
972
956
940
925
471
471
471
47147147192594095697270772373975577579280882601,020056752152258137157457557657473773773773754754706388688610151150150175177175178175240240000000010100001111666666000000338000
> Total Stockholder Equity
50,440
50,042
42,410
35,436
27,656
22,458
20,136
18,391
18,861
19,110
22,552
21,930
22,985
22,836
21,873
22,194
22,716
24,925
25,255
27,073
27,802
29,510
29,946
31,255
32,181
33,742
31,015
30,587
31,762
29,117
28,664
30,050
31,167
28,424
27,441
29,138
30,756
27,973
26,817
27,278
27,066
24,694
20,739
22,146
21,802
21,573
20,299
21,985
20,320
18,722
18,748
20,970
22,662
21,359
21,480
24,222
25,174
22,999
21,737
23,368
22,625
22,625
18,859
18,859
18,790
16,636
14,301
15,269
15,739
12,778
12,455
13,168
11,211
8,974
7,944
8,974
10,760
10,793
10,729
10,72910,79310,7608,9747,9448,97411,21113,16812,45512,77815,73915,26914,30116,63618,79018,85918,85922,62522,62523,36821,73722,99925,17424,22221,48021,35922,66220,97018,74818,72220,32021,98520,29921,57321,80222,14620,73924,69427,06627,27826,81727,97330,75629,13827,44128,42431,16730,05028,66429,11731,76230,58731,01533,74232,18131,25529,94629,51027,80227,07325,25524,92522,71622,19421,87322,83622,98521,93022,55219,11018,86118,39120,13622,45827,65635,43642,41050,04250,440
   Common Stock
0
3,500
0
3,500
3,500
3,500
3,500
3,500
3,500
7,000
7,000
7,000
7,000
7,000
0
0
0
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
0
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
0
7,000
0
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,00007,00007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,00007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0000007,0007,0007,0007,0007,0003,5003,5003,5003,5003,5003,50003,5000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000-1280-1280-128-128-128-502-502-502-502-673-673-673-673-1,050-1,050-1,050-1,0500-1,050-1,050-1,050-1,050-1,050-1,050-1,050-1,050-1,050-1,050-1,050-1,212-1,212-1,212-1,212-1,212-1,200-1,200-1,610-1,610-721-721-721-721-721-721-721000000000000000000
   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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
434
390
477
-811
0
9
0
-940
12
-26
26
-1,037
811
246
369
-1,059
122
87
243
117
1,200
336
3361,20011724387122-1,059369246811-1,03726-2612-940090-811477390434000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.