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NN Group NV
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Let's analyse NN Group NV together

PenkeI guess you are interested in NN Group NV. 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 NN Group 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.

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Quick analysis of NN Group NV (30 sec.)










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

How much money do you get?

How much money do you get?
€1.95
When do you have the money?
1 year
How often do you get paid?
82.5%

What is your share worth?

Current worth
€71.52
Expected worth in 1 year
€81.21
How sure are you?
65.0%

+ What do you gain per year?

Total Gains per Share
€11.49
Return On Investment
25.2%

For what price can you sell your share?

Current Price per Share
€45.59
Expected price per share
€41.56 - €46.09
How sure are you?
50%

1. Valuation of NN Group NV (5 min.)




Live pricePrice per Share (EOD)

€45.59

Intrinsic Value Per Share

€-284.19 - €-332.43

Total Value Per Share

€-212.67 - €-260.91

2. Growth of NN Group NV (5 min.)




Is NN Group NV growing?

Current yearPrevious yearGrowGrow %
How rich?$21.3b$25.9b$42.4b62.0%

How much money is NN Group NV making?

Current yearPrevious yearGrowGrow %
Making money$456.4m$373.5m$82.9m18.2%
Net Profit Margin16.8%0.5%--

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

3. Financial Health of NN Group NV (5 min.)




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

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

What can you expect buying and holding a share of NN Group NV?

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

Speculation

The Price per Share of NN Group NV is €45.59. 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 NN Group NV.
  • 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 NN Group NV, 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 €71.52. Based on the TTM, the Book Value Change Per Share is €2.42 per quarter. Based on the YOY, the Book Value Change Per Share is €-13.11 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 €0.45 per quarter.
Based on historical numbers we can estimate the returns while holding a share of NN Group NV.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps2.224.9%1.373.0%1.322.9%1.753.8%1.403.1%
Usd Book Value Change Per Share-5.40-11.8%2.635.8%-14.23-31.2%-0.13-0.3%-0.03-0.1%
Usd Dividend Per Share0.410.9%0.491.1%0.451.0%0.471.0%0.380.8%
Usd Total Gains Per Share-4.99-10.9%3.126.8%-13.79-30.2%0.340.7%0.360.8%
Usd Price Per Share38.82-36.25-45.42-39.96-34.86-
Price to Earnings Ratio4.38-7.17--4.23-4.40-5.17-
Price-to-Total Gains Ratio-7.79--1.33-29.82-48.49-19.48-
Price to Book Ratio0.50-0.35-0.54-0.40-0.40-
Price-to-Total Gains Ratio-7.79--1.33-29.82-48.49-19.48-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share49.501622
Number of shares20
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.490.47
Usd Book Value Change Per Share2.63-0.13
Usd Total Gains Per Share3.120.34
Gains per Quarter (20 shares)62.386.80
Gains per Year (20 shares)249.5127.21
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
13921024037-1017
27842149075-2044
3117631740112-3171
4156842990150-4198
519510521240187-51125
623412631490224-61152
727314731740262-71179
831216841990299-81206
935118942240337-92233
1039021052490374-102260

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 Share4.00.00.0100.0%10.02.00.083.3%18.02.00.090.0%36.04.00.090.0%68.04.00.094.4%
Book Value Change Per Share2.02.00.050.0%4.05.03.033.3%8.07.05.040.0%21.014.05.052.5%40.024.08.055.6%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%33.00.07.082.5%33.00.039.045.8%
Total Gains per Share2.02.00.050.0%7.05.00.058.3%13.07.00.065.0%26.014.00.065.0%45.024.03.062.5%

Fundamentals of NN Group NV

About NN Group NV

NN Group N.V., a financial services company, provides life and non-life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other segments. It offers Life insurance products, such as group and individual pension products, retail life insurance, and SME life insurance products; and non-life insurance products, including motor, fire, liability, transport, travel, health, property and casualty, and disability and accident insurance products. The company also provides banking services, including mortgage loans, bank annuities, consumer savings, and retail savings and investment products; reinsurance services; and retirement products and services. It offers its products to individuals, small and medium-sized enterprises, and Corporates customers directly through tied agents, agents/ brokers, platform insurance, and direct channels. The company was formerly known as ING Insurance Topholding N.V. and changed its name to NN Group N.V. in March 2014. NN Group N.V. was founded in 1845 and is headquartered in the Hague, the Netherlands.

Fundamental data was last updated by Penke on 2024-05-01 02:50:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge 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 efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very 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 able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of NN Group NV.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit NN Group NV earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare NN Group NV to the Insurance - Diversified industry mean.
  • A Net Profit Margin of 5.3% means that €0.05 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of NN Group NV:

  • The MRQ is 5.3%. The company is making a profit. +1
  • The TTM is 16.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ5.3%TTM16.8%-11.5%
TTM16.8%YOY0.5%+16.3%
TTM16.8%5Y6.3%+10.5%
5Y6.3%10Y7.8%-1.5%
1.1.2. Return on Assets

Shows how efficient NN Group NV is using its assets to generate profit.

  • Above 5% is considered healthy but always compare NN Group NV to the Insurance - Diversified industry mean.
  • 0.3% Return on Assets means that NN Group NV generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of NN Group NV:

  • The MRQ is 0.3%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.3%TTM0.2%+0.1%
TTM0.2%YOY0.1%+0.1%
TTM0.2%5Y0.2%0.0%
5Y0.2%10Y0.2%+0.0%
1.1.3. Return on Equity

Shows how efficient NN Group NV is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare NN Group NV to the Insurance - Diversified industry mean.
  • 2.9% Return on Equity means NN Group NV generated €0.03 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of NN Group NV:

  • The MRQ is 2.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.1%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.9%TTM2.1%+0.8%
TTM2.1%YOY1.0%+1.0%
TTM2.1%5Y1.8%+0.2%
5Y1.8%10Y1.6%+0.2%

1.2. Operating Efficiency of NN Group NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient NN Group NV is operating .

  • Measures how much profit NN Group 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 NN Group NV to the Insurance - Diversified industry mean.
  • An Operating Margin of 15.4% means the company generated €0.15  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of NN Group NV:

  • The MRQ is 15.4%. The company is operating efficient. +1
  • The TTM is 17.6%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ15.4%TTM17.6%-2.1%
TTM17.6%YOY-1.8%+19.4%
TTM17.6%5Y5.7%+11.9%
5Y5.7%10Y7.4%-1.7%
1.2.2. Operating Ratio

Measures how efficient NN Group NV is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Diversified industry mean).
  • An Operation Ratio of 1.06 means that the operating costs are €1.06 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of NN Group NV:

  • The MRQ is 1.061. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.270. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.061TTM1.270-0.209
TTM1.270YOY0.392+0.878
TTM1.2705Y0.302+0.967
5Y0.30210Y0.456-0.154

1.3. Liquidity of NN Group NV.

1.3. Liquidity
1.3.1. Current Ratio

Measures if NN Group NV is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Insurance - Diversified industry mean).
  • A Current Ratio of 0.07 means the company has €0.07 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of NN Group NV:

  • The MRQ is 0.070. The company is unable to pay all its short-term debts. -2
  • The TTM is 6.631. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ0.070TTM6.631-6.562
TTM6.631YOY58.864-52.232
TTM6.6315Y67.330-60.699
5Y67.33010Y73.925-6.595
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare NN Group NV to the Insurance - Diversified industry mean.
  • A Quick Ratio of 1.53 means the company can pay off €1.53 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of NN Group NV:

  • The MRQ is 1.525. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 7.567. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.525TTM7.567-6.041
TTM7.567YOY110.361-102.795
TTM7.5675Y127.911-120.345
5Y127.91110Y140.375-12.464

1.4. Solvency of NN Group NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of NN Group NV assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare NN Group NV to Insurance - Diversified industry mean.
  • A Debt to Asset Ratio of 0.91 means that NN Group NV assets are financed with 90.5% credit (debt) and the remaining percentage (100% - 90.5%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.905. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.693. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.905TTM0.693+0.212
TTM0.693YOY0.895-0.202
TTM0.6935Y0.835-0.142
5Y0.83510Y0.856-0.021
1.4.2. Debt to Equity Ratio

Measures if NN Group NV is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare NN Group NV to the Insurance - Diversified industry mean.
  • A Debt to Equity ratio of 960.6% means that company has €9.61 debt for each €1 in shareholders equity.

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

  • The MRQ is 9.606. The company is unable to pay all its debts with equity. -1
  • The TTM is 7.022. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ9.606TTM7.022+2.583
TTM7.022YOY8.927-1.905
TTM7.0225Y6.987+0.035
5Y6.98710Y7.122-0.135

2. Market Valuation of NN Group NV

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 NN Group NV generates.

  • Above 15 is considered overpriced but always compare NN Group NV to the Insurance - Diversified industry mean.
  • A PE ratio of 4.38 means the investor is paying €4.38 for every €1 in earnings.

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

  • The EOD is 5.587. Based on the earnings, the company is cheap. +2
  • The MRQ is 4.381. Based on the earnings, the company is cheap. +2
  • The TTM is 7.166. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD5.587MRQ4.381+1.206
MRQ4.381TTM7.166-2.785
TTM7.166YOY-4.229+11.395
TTM7.1665Y4.400+2.767
5Y4.40010Y5.168-0.768
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of NN Group NV:

  • The EOD is 13.832. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 10.847. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is -3.312. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD13.832MRQ10.847+2.985
MRQ10.847TTM-3.312+14.159
TTM-3.312YOY-2.184-1.128
TTM-3.3125Y-0.867-2.445
5Y-0.86710Y3.708-4.575
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Insurance - Diversified industry mean).
  • A PB ratio of 0.50 means the investor is paying €0.50 for each €1 in book value.

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

  • The EOD is 0.637. Based on the equity, the company is cheap. +2
  • The MRQ is 0.500. Based on the equity, the company is cheap. +2
  • The TTM is 0.349. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.637MRQ0.500+0.138
MRQ0.500TTM0.349+0.151
TTM0.349YOY0.541-0.192
TTM0.3495Y0.404-0.055
5Y0.40410Y0.396+0.008
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of NN Group 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---4.9712.423-305%-13.110+164%-0.117-98%-0.026-99%
Book Value Per Share--71.520226.391-68%80.386-11%121.608-41%94.913-25%
Current Ratio--0.0706.631-99%58.864-100%67.330-100%73.925-100%
Debt To Asset Ratio--0.9050.693+31%0.895+1%0.835+8%0.856+6%
Debt To Equity Ratio--9.6067.022+37%8.927+8%6.987+37%7.122+35%
Dividend Per Share--0.3790.449-16%0.413-8%0.431-12%0.354+7%
Eps--2.0401.266+61%1.212+68%1.610+27%1.285+59%
Free Cash Flow Per Share--0.8240.087+848%-10.192+1337%-2.220+369%-2.670+424%
Free Cash Flow To Equity Per Share---1.797-3.939+119%-7.965+343%-2.676+49%-2.884+60%
Gross Profit Margin--0.9240.943-2%1.176-21%1.024-10%1.012-9%
Intrinsic Value_10Y_max---332.427--------
Intrinsic Value_10Y_min---284.189--------
Intrinsic Value_1Y_max---24.297--------
Intrinsic Value_1Y_min---23.860--------
Intrinsic Value_3Y_max---79.872--------
Intrinsic Value_3Y_min---76.114--------
Intrinsic Value_5Y_max---143.731--------
Intrinsic Value_5Y_min---132.816--------
Market Cap12490338254.720+21%9848774507.0009260687876.750+6%12420428847.025-21%12245797302.304-20%10715703855.930-8%
Net Profit Margin--0.0530.168-68%0.005+936%0.063-15%0.078-31%
Operating Margin--0.1540.176-12%-0.018+112%0.057+171%0.074+110%
Operating Ratio--1.0611.270-16%0.392+171%0.302+251%0.456+133%
Pb Ratio0.637+22%0.5000.349+43%0.541-8%0.404+24%0.396+26%
Pe Ratio5.587+22%4.3817.166-39%-4.229+197%4.4000%5.168-15%
Price Per Share45.590+22%35.75033.390+7%41.833-15%36.806-3%32.101+11%
Price To Free Cash Flow Ratio13.832+22%10.847-3.312+131%-2.184+120%-0.867+108%3.708+193%
Price To Total Gains Ratio-9.930-28%-7.786-1.326-83%29.818-126%48.485-116%19.480-140%
Quick Ratio--1.5257.567-80%110.361-99%127.911-99%140.375-99%
Return On Assets--0.0030.002+33%0.001+95%0.002+16%0.002+33%
Return On Equity--0.0290.021+39%0.010+178%0.018+57%0.016+78%
Total Gains Per Share---4.5912.872-260%-12.697+177%0.313-1565%0.328-1499%
Usd Book Value--21393517400.00068433630800.000-69%25991337500.000-18%41702429180.000-49%33298310035.000-36%
Usd Book Value Change Per Share---5.3972.631-305%-14.235+164%-0.127-98%-0.028-99%
Usd Book Value Per Share--77.656245.816-68%87.283-11%132.042-41%103.056-25%
Usd Dividend Per Share--0.4120.488-16%0.448-8%0.467-12%0.384+7%
Usd Eps--2.2151.374+61%1.316+68%1.748+27%1.396+59%
Usd Free Cash Flow--246476600.00025244850.000+876%-3340735150.000+1455%-605333500.000+346%-774881170.000+414%
Usd Free Cash Flow Per Share--0.8950.094+848%-11.066+1337%-2.410+369%-2.899+424%
Usd Free Cash Flow To Equity Per Share---1.951-4.277+119%-8.648+343%-2.905+49%-3.131+60%
Usd Market Cap13562009276.975+21%10693799359.70110055254896.575+6%13486101642.100-21%13296486710.842-20%11635111246.769-8%
Usd Price Per Share49.502+22%38.81736.255+7%45.422-15%39.963-3%34.855+11%
Usd Profit--610219600.000456443175.000+34%373515200.000+63%620371830.000-2%488772870.000+25%
Usd Revenue--11455190000.0006819909800.000+68%5600692125.000+105%4166947515.000+175%4359283412.500+163%
Usd Total Gains Per Share---4.9853.119-260%-13.786+177%0.340-1565%0.356-1499%
 EOD+3 -5MRQTTM+16 -20YOY+19 -175Y+13 -2310Y+16 -20

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-155.587
Price to Book Ratio (EOD)Between0-10.637
Net Profit Margin (MRQ)Greater than00.053
Operating Margin (MRQ)Greater than00.154
Quick Ratio (MRQ)Greater than11.525
Current Ratio (MRQ)Greater than10.070
Debt to Asset Ratio (MRQ)Less than10.905
Debt to Equity Ratio (MRQ)Less than19.606
Return on Equity (MRQ)Greater than0.150.029
Return on Assets (MRQ)Greater than0.050.003
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5065.760
Ma 20Greater thanMa 5044.655
Ma 50Greater thanMa 10043.249
Ma 100Greater thanMa 20040.500
OpenGreater thanClose45.730
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets208,208,000
Total Liabilities188,505,000
Total Stockholder Equity19,624,000
 As reported
Total Liabilities 188,505,000
Total Stockholder Equity+ 19,624,000
Total Assets = 208,208,000

Assets

Total Assets208,208,000
Total Current Assets10,455,000
Long-term Assets197,753,000
Total Current Assets
Cash And Cash Equivalents 8,207,000
Short-term Investments 110,100,000
Total Current Assets  (as reported)10,455,000
Total Current Assets  (calculated)118,307,000
+/- 107,852,000
Long-term Assets
Property Plant Equipment 348,000
Goodwill 892,000
Long Term Investments 164,874,000
Intangible Assets 378,000
Long-term Assets  (as reported)197,753,000
Long-term Assets  (calculated)166,492,000
+/- 31,261,000

Liabilities & Shareholders' Equity

Total Current Liabilities149,727,000
Long-term Liabilities38,778,000
Total Stockholder Equity19,624,000
Total Current Liabilities
Short-term Debt 4,207,000
Accounts payable 145,208,000
Other Current Liabilities 283,000
Total Current Liabilities  (as reported)149,727,000
Total Current Liabilities  (calculated)149,698,000
+/- 29,000
Long-term Liabilities
Long term Debt 13,867,000
Capital Lease Obligations 233,000
Long-term Liabilities  (as reported)38,778,000
Long-term Liabilities  (calculated)14,100,000
+/- 24,678,000
Total Stockholder Equity
Common Stock34,000
Accumulated Other Comprehensive Income 7,011,000
Other Stockholders Equity 12,579,000
Total Stockholder Equity (as reported)19,624,000
Total Stockholder Equity (calculated)19,624,000
+/-0
Other
Capital Stock34,000
Cash and Short Term Investments 118,307,000
Common Stock Shares Outstanding 275,490
Current Deferred Revenue29,000
Liabilities and Stockholders Equity 208,208,000
Net Debt 7,309,000
Net Invested Capital 34,907,000
Net Working Capital -139,272,000
Property Plant and Equipment Gross 1,034,000
Short Long Term Debt Total 15,516,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-03-312002-12-312001-12-31
> Total Assets 
268,008,000
241,810,000
0
243,032,000
240,584,000
253,095,000
0
257,073,000
256,771,000
0
328,810,000
330,690,000
319,397,000
333,260,000
333,771,000
337,954,000
338,593,000
0
322,083,000
308,630,000
304,426,000
310,586,000
312,220,000
289,098,000
287,041,000
298,455,000
290,409,000
312,754,000
332,042,000
325,560,000
325,764,000
314,036,000
311,083,000
325,155,000
335,387,000
335,927,000
350,179,000
351,015,000
339,863,000
0
321,921,000
145,758,000
147,734,000
154,062,000
160,186,000
165,481,000
178,664,000
161,662,000
161,903,000
162,152,000
170,058,000
177,856,000
177,522,000
168,505,000
167,411,000
231,874,000
229,590,000
227,062,000
227,547,000
227,795,000
224,792,000
224,246,000
236,578,000
246,132,000
262,608,000
248,597,000
0
262,269,000
0
263,738,000
0
250,215,000
0
251,585,000
0
225,745,000
207,024,000
217,110,000
204,987,000
204,987,000
208,941,000
208,208,000
208,208,000208,941,000204,987,000204,987,000217,110,000207,024,000225,745,0000251,585,0000250,215,0000263,738,0000262,269,0000248,597,000262,608,000246,132,000236,578,000224,246,000224,792,000227,795,000227,547,000227,062,000229,590,000231,874,000167,411,000168,505,000177,522,000177,856,000170,058,000162,152,000161,903,000161,662,000178,664,000165,481,000160,186,000154,062,000147,734,000145,758,000321,921,0000339,863,000351,015,000350,179,000335,927,000335,387,000325,155,000311,083,000314,036,000325,764,000325,560,000332,042,000312,754,000290,409,000298,455,000287,041,000289,098,000312,220,000310,586,000304,426,000308,630,000322,083,0000338,593,000337,954,000333,771,000333,260,000319,397,000330,690,000328,810,0000256,771,000257,073,0000253,095,000240,584,000243,032,0000241,810,000268,008,000
   > 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
0
0
0
0
0
0
0
0
0
0
10,909,000
71,798,000
0
74,778,000
10,745,000
90,683,000
81,668,000
83,000,000
10,576,000
89,881,000
93,167,000
92,886,000
12,864,000
89,464,000
117,883,000
115,503,000
14,081,000
116,152,000
115,327,000
113,064,000
113,215,000
118,910,000
123,711,000
132,914,000
124,080,000
35,047,000
130,590,000
33,222,000
130,557,000
18,639,000
122,549,000
22,430,000
114,812,000
19,990,000
94,353,000
6,670,000
88,563,000
7,198,000
77,579,000
8,207,000
10,455,000
10,455,0008,207,00077,579,0007,198,00088,563,0006,670,00094,353,00019,990,000114,812,00022,430,000122,549,00018,639,000130,557,00033,222,000130,590,00035,047,000124,080,000132,914,000123,711,000118,910,000113,215,000113,064,000115,327,000116,152,00014,081,000115,503,000117,883,00089,464,00012,864,00092,886,00093,167,00089,881,00010,576,00083,000,00081,668,00090,683,00010,745,00074,778,000071,798,00010,909,00000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
1,534,000
3,221,000
0
1,767,000
1,848,000
1,493,000
0
1,391,000
1,967,000
0
2,745,000
3,690,000
3,602,000
3,393,000
3,017,000
3,130,000
3,323,000
0
3,115,000
4,122,000
4,569,000
4,662,000
14,440,000
11,426,000
11,245,000
9,853,000
9,425,000
9,956,000
9,464,000
9,045,000
8,646,000
7,451,000
7,273,000
9,949,000
11,577,000
12,172,000
11,162,000
10,352,000
5,389,000
0
7,390,000
7,155,000
8,114,000
6,739,000
5,529,000
7,530,000
9,666,000
8,742,000
8,966,000
7,436,000
10,446,000
9,894,000
9,131,000
8,634,000
10,827,000
10,022,000
9,665,000
9,383,000
10,273,000
9,722,000
8,540,000
8,886,000
10,418,000
11,131,000
10,524,000
6,436,000
0
12,388,000
0
12,382,000
0
7,122,000
0
6,929,000
0
6,234,000
6,670,000
6,670,000
7,198,000
7,198,000
8,207,000
8,207,000
8,207,0008,207,0007,198,0007,198,0006,670,0006,670,0006,234,00006,929,00007,122,000012,382,000012,388,00006,436,00010,524,00011,131,00010,418,0008,886,0008,540,0009,722,00010,273,0009,383,0009,665,00010,022,00010,827,0008,634,0009,131,0009,894,00010,446,0007,436,0008,966,0008,742,0009,666,0007,530,0005,529,0006,739,0008,114,0007,155,0007,390,00005,389,00010,352,00011,162,00012,172,00011,577,0009,949,0007,273,0007,451,0008,646,0009,045,0009,464,0009,956,0009,425,0009,853,00011,245,00011,426,00014,440,0004,662,0004,569,0004,122,0003,115,00003,323,0003,130,0003,017,0003,393,0003,602,0003,690,0002,745,00001,967,0001,391,00001,493,0001,848,0001,767,00003,221,0001,534,000
       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
4,237,000
0
0
0
730,000
0
0
0
9,871,000
0
0
0
8,745,000
0
0
0
0
0
0
0
63,684,000
0
69,249,000
3,215,000
81,017,000
72,926,000
74,034,000
3,140,000
79,435,000
83,273,000
83,755,000
4,230,000
78,637,000
107,861,000
105,838,000
4,698,000
105,879,000
105,605,000
104,524,000
104,329,000
108,492,000
112,580,000
122,390,000
117,644,000
0
118,202,000
0
118,175,000
0
115,427,000
0
107,883,000
0
88,119,000
0
81,893,000
0
70,381,000
0
110,100,000
110,100,000070,381,000081,893,000088,119,0000107,883,0000115,427,0000118,175,0000118,202,0000117,644,000122,390,000112,580,000108,492,000104,329,000104,524,000105,605,000105,879,0004,698,000105,838,000107,861,00078,637,0004,230,00083,755,00083,273,00079,435,0003,140,00074,034,00072,926,00081,017,0003,215,00069,249,000063,684,00000000008,745,0000009,871,000000730,0000004,237,0000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
973,000
1,609,000
2,693,000
2,224,000
2,695,000
1,937,000
1,680,000
1,486,000
1,311,000
1,312,000
1,115,000
1,426,000
1,014,000
1,155,000
1,155,000
873,000
873,000
1,040,000
1,040,000
845,000
845,000
1,274,000
1,274,000
1,106,000
681,000
894,000
894,000
0
0
00894,000894,000681,0001,106,0001,274,0001,274,000845,000845,0001,040,0001,040,000873,000873,0001,155,0001,155,0001,014,0001,426,0001,115,0001,312,0001,311,0001,486,0001,680,0001,937,0002,695,0002,224,0002,693,0001,609,000973,00000000000000000000000000000000000000000000000000000000
       Other 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
3,754,000
0
0
0
0
0
0
0
0
0
0
0
6,248,000
7,707,000
10,294,000
9,753,000
7,842,000
8,586,000
8,678,000
8,040,000
9,031,000
10,631,000
14,045,000
19,836,000
14,112,000
20,160,000
20,160,000
18,631,000
18,631,000
9,695,000
9,695,000
13,665,000
13,665,000
11,854,000
11,225,000
9,822,000
9,126,000
7,628,000
9,204,000
0
10,455,000
10,455,00009,204,0007,628,0009,126,0009,822,00011,225,00011,854,00013,665,00013,665,0009,695,0009,695,00018,631,00018,631,00020,160,00020,160,00014,112,00019,836,00014,045,00010,631,0009,031,0008,040,0008,678,0008,586,0007,842,0009,753,00010,294,0007,707,0006,248,000000000000003,754,00000000000000000000000000000000000000000000
   > 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
556,000
107,872,000
0
77,919,000
82,747,000
91,581,000
81,184,000
82,406,000
82,170,000
88,975,000
94,773,000
94,874,000
88,222,000
86,541,000
119,279,000
116,898,000
116,598,000
117,186,000
118,144,000
116,842,000
116,292,000
123,366,000
130,554,000
145,540,000
136,018,000
0
143,019,000
0
141,601,000
0
130,765,000
0
123,802,000
0
100,285,000
200,354,000
94,226,000
197,789,000
124,320,000
200,734,000
197,753,000
197,753,000200,734,000124,320,000197,789,00094,226,000200,354,000100,285,0000123,802,0000130,765,0000141,601,0000143,019,0000136,018,000145,540,000130,554,000123,366,000116,292,000116,842,000118,144,000117,186,000116,598,000116,898,000119,279,00086,541,00088,222,00094,874,00094,773,00088,975,00082,170,00082,406,00081,184,00091,581,00082,747,00077,919,0000107,872,000556,00000000000000000000000000000000000000000000
       Property Plant Equipment 
545,000
448,000
0
336,000
380,000
320,000
0
327,000
344,000
0
1,109,000
1,091,000
1,064,000
1,042,000
1,051,000
816,000
1,101,000
0
907,000
793,000
855,000
818,000
710,000
629,000
592,000
543,000
552,000
555,000
547,000
511,000
517,000
494,000
455,000
460,000
469,000
442,000
386,000
358,000
338,000
0
316,000
164,000
162,000
149,000
145,000
139,000
157,000
81,000
88,000
86,000
82,000
83,000
84,000
86,000
88,000
155,000
151,000
150,000
140,000
148,000
154,000
151,000
408,000
399,000
405,000
465,000
471,000
471,000
448,000
448,000
430,000
430,000
414,000
414,000
426,000
426,000
399,000
399,000
378,000
378,000
348,000
348,000
348,000348,000378,000378,000399,000399,000426,000426,000414,000414,000430,000430,000448,000448,000471,000471,000465,000405,000399,000408,000151,000154,000148,000140,000150,000151,000155,00088,00086,00084,00083,00082,00086,00088,00081,000157,000139,000145,000149,000162,000164,000316,0000338,000358,000386,000442,000469,000460,000455,000494,000517,000511,000547,000555,000552,000543,000592,000629,000710,000818,000855,000793,000907,00001,101,000816,0001,051,0001,042,0001,064,0001,091,0001,109,0000344,000327,0000320,000380,000336,0000448,000545,000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
180,000
0
0
0
264,000
0
0
0
1,076,000
0
0
0
1,889,000
0
0
0
1,857,000
0
2,093,000
0
1,425,000
0
777,000
0
786,000
0
334,000
0
277,000
0
273,000
264,000
264,000
265,000
0
265,000
0
262,000
0
260,000
260,000
260,000
258,000
253,000
252,000
1,396,000
1,395,000
1,392,000
1,390,000
1,387,000
1,381,000
532,000
533,000
530,000
536,000
539,000
0
536,000
0
533,000
0
201,000
0
549,000
0
790,000
871,000
871,000
873,000
873,000
892,000
892,000
892,000892,000873,000873,000871,000871,000790,0000549,0000201,0000533,0000536,0000539,000536,000530,000533,000532,0001,381,0001,387,0001,390,0001,392,0001,395,0001,396,000252,000253,000258,000260,000260,000260,0000262,0000265,0000265,000264,000264,000273,0000277,0000334,0000786,0000777,00001,425,00002,093,00001,857,0000001,889,0000001,076,000000264,000000180,0000000000000
       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
82,465,000
81,638,000
110,974,000
108,991,000
108,432,000
109,402,000
110,526,000
109,616,000
109,329,000
121,806,000
129,039,000
144,037,000
134,474,000
0
141,373,000
0
140,017,000
0
129,229,000
0
122,212,000
0
98,100,000
0
91,299,000
0
122,525,000
0
164,874,000
164,874,0000122,525,000091,299,000098,100,0000122,212,0000129,229,0000140,017,0000141,373,0000134,474,000144,037,000129,039,000121,806,000109,329,000109,616,000110,526,000109,402,000108,432,000108,991,000110,974,00081,638,00082,465,00000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
484,000
0
3,470,000
3,343,000
591,000
3,097,000
3,212,000
0
1,641,000
4,215,000
4,255,000
5,187,000
2,647,000
4,614,000
4,384,000
3,903,000
2,373,000
4,026,000
2,642,000
3,002,000
1,936,000
3,098,000
1,111,000
2,095,000
1,101,000
1,950,000
564,000
1,084,000
505,000
0
476,000
372,000
118,000
364,000
360,000
92,000
354,000
85,000
341,000
91,000
342,000
81,000
88,000
89,000
86,000
503,000
464,000
449,000
426,000
394,000
358,000
331,000
493,000
486,000
467,000
456,000
0
557,000
0
530,000
0
842,000
0
580,000
0
785,000
409,000
753,000
398,000
398,000
378,000
378,000
378,000378,000398,000398,000753,000409,000785,0000580,0000842,0000530,0000557,0000456,000467,000486,000493,000331,000358,000394,000426,000449,000464,000503,00086,00089,00088,00081,000342,00091,000341,00085,000354,00092,000360,000364,000118,000372,000476,0000505,0001,084,000564,0001,950,0001,101,0002,095,0001,111,0003,098,0001,936,0003,002,0002,642,0004,026,0002,373,0003,903,0004,384,0004,614,0002,647,0005,187,0004,255,0004,215,0001,641,00003,212,0003,097,000591,0003,343,0003,470,0000484,0000000000000
       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
-556,000
-107,872,000
0
-77,919,000
-82,747,000
-91,581,000
-81,184,000
-82,406,000
-82,170,000
-88,975,000
-94,773,000
-94,874,000
-88,222,000
-86,541,000
-119,279,000
-116,898,000
-116,598,000
-117,186,000
-118,144,000
-116,842,000
-116,292,000
-123,366,000
-130,554,000
-145,540,000
-136,018,000
0
-143,019,000
0
-141,601,000
0
-130,765,000
0
-123,802,000
0
-100,285,000
198,675,000
-94,226,000
196,140,000
-124,320,000
199,116,000
187,272,000
187,272,000199,116,000-124,320,000196,140,000-94,226,000198,675,000-100,285,0000-123,802,0000-130,765,0000-141,601,0000-143,019,0000-136,018,000-145,540,000-130,554,000-123,366,000-116,292,000-116,842,000-118,144,000-117,186,000-116,598,000-116,898,000-119,279,000-86,541,000-88,222,000-94,874,000-94,773,000-88,975,000-82,170,000-82,406,000-81,184,000-91,581,000-82,747,000-77,919,0000-107,872,000-556,00000000000000000000000000000000000000000000
> Total Liabilities 
251,583,000
229,820,000
0
230,001,000
227,386,000
239,166,000
0
242,260,000
241,115,000
0
306,956,000
308,567,000
299,443,000
311,113,000
310,084,000
313,961,000
315,107,000
0
303,282,000
290,808,000
289,457,000
297,509,000
299,807,000
278,573,000
274,764,000
283,844,000
274,442,000
294,257,000
311,319,000
304,463,000
304,842,000
294,957,000
291,527,000
302,607,000
311,850,000
312,312,000
324,856,000
324,242,000
312,347,000
0
296,526,000
131,463,000
132,980,000
137,063,000
140,786,000
144,064,000
153,469,000
140,982,000
140,602,000
140,688,000
145,964,000
151,606,000
151,057,000
144,801,000
144,305,000
207,973,000
205,496,000
202,263,000
202,123,000
202,196,000
199,745,000
199,398,000
207,867,000
213,728,000
225,583,000
215,805,000
0
225,131,000
0
224,966,000
0
215,302,000
0
216,667,000
0
203,846,000
185,923,000
199,278,000
184,121,000
14,571,000
187,822,000
188,505,000
188,505,000187,822,00014,571,000184,121,000199,278,000185,923,000203,846,0000216,667,0000215,302,0000224,966,0000225,131,0000215,805,000225,583,000213,728,000207,867,000199,398,000199,745,000202,196,000202,123,000202,263,000205,496,000207,973,000144,305,000144,801,000151,057,000151,606,000145,964,000140,688,000140,602,000140,982,000153,469,000144,064,000140,786,000137,063,000132,980,000131,463,000296,526,0000312,347,000324,242,000324,856,000312,312,000311,850,000302,607,000291,527,000294,957,000304,842,000304,463,000311,319,000294,257,000274,442,000283,844,000274,764,000278,573,000299,807,000297,509,000289,457,000290,808,000303,282,0000315,107,000313,961,000310,084,000311,113,000299,443,000308,567,000306,956,0000241,115,000242,260,0000239,166,000227,386,000230,001,0000229,820,000251,583,000
   > Total Current 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
4,125,000
403,000
0
0
983,000
0
588,000
0
564,000
0
636,000
603,000
737,000
797,000
847,000
750,000
15,627,000
844,000
828,000
829,000
898,000
856,000
934,000
877,000
1,052,000
21,809,000
1,083,000
32,278,000
1,002,000
14,294,000
845,000
29,851,000
802,000
12,161,000
848,000
421,000
830,000
501,000
142,255,000
711,000
149,727,000
149,727,000711,000142,255,000501,000830,000421,000848,00012,161,000802,00029,851,000845,00014,294,0001,002,00032,278,0001,083,00021,809,0001,052,000877,000934,000856,000898,000829,000828,000844,00015,627,000750,000847,000797,000737,000603,000636,0000564,0000588,0000983,00000403,0004,125,00000000000000000000000000000000000000000000
       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
10,532,000
9,422,000
12,426,000
12,562,000
1,000
9,860,000
10,013,000
0
952,000
0
0
0
2,256,000
0
0
0
0
0
0
0
0
0
0
0
6,256,000
0
0
0
4,207,000
4,207,0000006,256,000000000000002,256,000000952,000010,013,0009,860,0001,00012,562,00012,426,0009,422,00010,532,00000000000000000000000000000000000000000000000000000000
       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
10,532,000
9,422,000
12,426,000
12,562,000
1,000
9,860,000
10,013,000
0
952,000
0
0
0
2,256,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000002,256,000000952,000010,013,0009,860,0001,00012,562,00012,426,0009,422,00010,532,00000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
403,000
0
0
983,000
0
588,000
0
564,000
0
636,000
603,000
737,000
797,000
847,000
750,000
5,674,000
844,000
828,000
829,000
898,000
856,000
934,000
877,000
1,052,000
7,224,000
1,083,000
7,197,000
1,002,000
6,993,000
845,000
7,055,000
802,000
7,287,000
848,000
7,309,000
830,000
196,000
142,252,000
0
145,208,000
145,208,0000142,252,000196,000830,0007,309,000848,0007,287,000802,0007,055,000845,0006,993,0001,002,0007,197,0001,083,0007,224,0001,052,000877,000934,000856,000898,000829,000828,000844,0005,674,000750,000847,000797,000737,000603,000636,0000564,0000588,0000983,00000403,000000000000000000000000000000000000000000000
       Other Current 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
4,125,000
-403,000
0
0
-983,000
0
-588,000
0
-564,000
0
-636,000
-603,000
-737,000
-797,000
-847,000
-750,000
9,218,000
-844,000
-828,000
-829,000
-898,000
-856,000
-934,000
-877,000
-1,052,000
14,090,000
-1,083,000
22,867,000
-1,002,000
6,864,000
-845,000
20,145,000
-802,000
4,481,000
-848,000
12,328,000
-830,000
715,000
3,000
0
283,000
283,00003,000715,000-830,00012,328,000-848,0004,481,000-802,00020,145,000-845,0006,864,000-1,002,00022,867,000-1,083,00014,090,000-1,052,000-877,000-934,000-856,000-898,000-829,000-828,000-844,0009,218,000-750,000-847,000-797,000-737,000-603,000-636,0000-564,0000-588,0000-983,00000-403,0004,125,00000000000000000000000000000000000000000000
   > 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
7,709,000
7,937,000
0
140,786,000
10,438,000
153,469,000
9,300,000
140,602,000
11,773,000
145,964,000
14,977,000
14,777,000
13,514,000
12,127,000
14,059,000
14,217,000
202,263,000
11,800,000
11,986,000
11,647,000
11,961,000
13,598,000
15,101,000
16,812,000
16,390,000
0
16,654,000
0
18,283,000
0
15,921,000
0
802,000
0
848,000
185,502,000
830,000
183,620,000
14,571,000
187,111,000
38,778,000
38,778,000187,111,00014,571,000183,620,000830,000185,502,000848,0000802,000015,921,000018,283,000016,654,000016,390,00016,812,00015,101,00013,598,00011,961,00011,647,00011,986,00011,800,000202,263,00014,217,00014,059,00012,127,00013,514,00014,777,00014,977,000145,964,00011,773,000140,602,0009,300,000153,469,00010,438,000140,786,00007,937,0007,709,00000000000000000000000000000000000000000000
       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
10,830,000
11,307,000
11,766,000
12,360,000
0
11,469,000
0
0
0
0
0
12,243,000
0
13,623,000
0
15,401,000
0
0
0
0
000015,401,000013,623,000012,243,0000000011,469,000012,360,00011,766,00011,307,00010,830,00000000000000000000000000000000000000000000000000000000000000000
       Capital Lease Obligations Min 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
-10,532,000
-9,422,000
-12,426,000
-12,562,000
-1,000
-9,860,000
-10,013,000
0
-952,000
276,000
278,000
280,000
-1,911,000
0
353,000
0
335,000
0
312,000
0
294,000
0
269,000
0
-6,001,000
0
255,000
0
-3,974,000
-3,974,0000255,0000-6,001,0000269,0000294,0000312,0000335,0000353,0000-1,911,000280,000278,000276,000-952,0000-10,013,000-9,860,000-1,000-12,562,000-12,426,000-9,422,000-10,532,00000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
15,450,000
10,827,000
11,990,000
11,734,000
12,011,000
12,810,000
13,929,000
13,511,000
13,934,000
15,656,000
20,627,000
20,808,000
18,574,000
20,707,000
21,917,000
23,114,000
22,572,000
23,486,000
17,911,000
16,999,000
14,179,000
12,292,000
11,893,000
10,451,000
12,203,000
14,530,000
15,887,000
18,416,000
20,636,000
21,003,000
20,811,000
18,955,000
19,461,000
22,466,000
23,475,000
23,531,000
25,165,000
26,570,000
27,299,000
26,640,000
22,370,000
14,227,000
14,682,000
16,939,000
19,330,000
21,341,000
25,108,000
20,588,000
21,257,000
21,455,000
24,085,000
26,240,000
26,456,000
23,692,000
23,094,000
23,588,000
23,773,000
24,482,000
25,109,000
25,332,000
24,778,000
24,614,000
28,459,000
32,149,000
36,751,000
32,532,000
0
36,882,000
0
38,495,000
0
34,627,000
0
34,652,000
0
21,684,000
21,029,000
17,769,000
20,790,000
20,790,000
21,040,000
19,624,000
19,624,00021,040,00020,790,00020,790,00017,769,00021,029,00021,684,000034,652,000034,627,000038,495,000036,882,000032,532,00036,751,00032,149,00028,459,00024,614,00024,778,00025,332,00025,109,00024,482,00023,773,00023,588,00023,094,00023,692,00026,456,00026,240,00024,085,00021,455,00021,257,00020,588,00025,108,00021,341,00019,330,00016,939,00014,682,00014,227,00022,370,00026,640,00027,299,00026,570,00025,165,00023,531,00023,475,00022,466,00019,461,00018,955,00020,811,00021,003,00020,636,00018,416,00015,887,00014,530,00012,203,00010,451,00011,893,00012,292,00014,179,00016,999,00017,911,00023,486,00022,572,00023,114,00021,917,00020,707,00018,574,00020,808,00020,627,00015,656,00013,934,00013,511,00013,929,00012,810,00012,011,00011,734,00011,990,00010,827,00015,450,000
   Common Stock
174,000
10,827,000
0
11,734,000
12,011,000
12,810,000
0
13,511,000
13,934,000
0
174,000
20,808,000
4,547,000
4,547,000
174,000
4,548,000
4,548,000
0
174,000
16,999,000
174,000
174,000
174,000
174,000
12,203,000
0
174,000
0
174,000
0
174,000
0
174,000
0
174,000
0
174,000
0
174,000
0
174,000
0
0
0
42,000
42,000
42,000
42,000
40,000
40,000
40,000
40,000
40,000
40,000
40,000
42,000
41,000
41,000
41,000
41,000
41,000
41,000
40,000
41,000
41,000
41,000
38,000
38,000
39,000
39,000
38,000
38,000
38,000
38,000
37,000
37,000
35,000
35,000
35,000
35,000
34,000
34,000
34,00034,00035,00035,00035,00035,00037,00037,00038,00038,00038,00038,00039,00039,00038,00038,00041,00041,00041,00040,00041,00041,00041,00041,00041,00041,00042,00040,00040,00040,00040,00040,00040,00040,00042,00042,00042,00042,000000174,0000174,0000174,0000174,0000174,0000174,0000174,0000174,000012,203,000174,000174,000174,000174,00016,999,000174,00004,548,0004,548,000174,0004,547,0004,547,00020,808,000174,000013,934,00013,511,000012,810,00012,011,00011,734,000010,827,000174,000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,943,000
12,017,000
5,526,000
8,177,000
6,761,000
11,445,000
7,011,000
7,011,00011,445,0006,761,0008,177,0005,526,00012,017,0006,943,000000000000000000000000000000000000000000000000000000000000000000000000000000
   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
12,573,000
12,572,000
12,572,000
12,572,000
0
12,575,000
0
0
0
0
0
12,575,000
0
12,576,000
0
12,578,000
0
0
0
0
000012,578,000012,576,000012,575,0000000012,575,000012,572,00012,572,00012,572,00012,573,00000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000000000000000000
   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
14,227,000
14,682,000
0
20,076,000
21,299,000
25,401,000
20,546,000
21,491,000
21,415,000
23,956,000
26,200,000
26,416,000
23,652,000
23,054,000
23,546,000
23,732,000
24,441,000
25,068,000
25,291,000
24,737,000
24,573,000
28,419,000
32,108,000
36,710,000
32,491,000
24,268,000
36,844,000
23,409,000
38,456,000
22,014,000
34,589,000
17,997,000
30,990,000
9,071,000
14,704,000
12,578,000
6,331,000
12,578,000
13,994,000
12,579,000
12,579,000
12,579,00012,579,00013,994,00012,578,0006,331,00012,578,00014,704,0009,071,00030,990,00017,997,00034,589,00022,014,00038,456,00023,409,00036,844,00024,268,00032,491,00036,710,00032,108,00028,419,00024,573,00024,737,00025,291,00025,068,00024,441,00023,732,00023,546,00023,054,00023,652,00026,416,00026,200,00023,956,00021,415,00021,491,00020,546,00025,401,00021,299,00020,076,000014,682,00014,227,00000000000000000000000000000000000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.