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Neurones
Buy, Hold or Sell?

I guess you are interested in Neurones. 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 Neurones

Let's start. I'm going to help you getting a better view of Neurones. 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 Neurones 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 Neurones is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Neurones. The closing price on 2022-10-03 was €31.90 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.
Neurones Daily Candlestick Chart


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
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
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 Neurones.

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 Neurones earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Neurones to the Information Technology Services industry mean.
  • A Net Profit Margin of 0.0% means that €0.00 for each €1 in revenue is generated as profit.

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

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY3.2%-3.2%
TTM-5Y3.8%-3.8%
5Y3.8%10Y4.7%-0.9%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-4.2%-4.2%
TTM-2.8%-2.8%
YOY3.2%3.5%-0.3%
5Y3.8%3.0%+0.8%
10Y4.7%3.3%+1.4%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Neurones to the Information Technology Services industry mean.
  • 1.9% Return on Assets means that Neurones generated €0.02 profit for each $1 in assets.

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

  • The MRQ is 1.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.9%TTM1.9%+0.1%
TTM1.9%YOY2.5%-0.6%
TTM1.9%5Y1.9%-0.1%
5Y1.9%10Y1.8%+0.1%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9%1.1%+0.8%
TTM1.9%1.0%+0.9%
YOY2.5%1.1%+1.4%
5Y1.9%1.0%+0.9%
10Y1.8%1.1%+0.7%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Neurones to the Information Technology Services industry mean.
  • 3.6% Return on Equity means the company generated €0.04 for each €1 the owners (shareholders) invested.

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

  • The MRQ is 3.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.6%TTM3.4%+0.2%
TTM3.4%YOY4.3%-0.9%
TTM3.4%5Y3.3%+0.0%
5Y3.3%10Y3.2%+0.2%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ3.6%2.4%+1.2%
TTM3.4%2.5%+0.9%
YOY4.3%2.5%+1.8%
5Y3.3%2.3%+1.0%
10Y3.2%2.2%+1.0%

1.2. Operating Efficiency of Neurones.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Neurones is operating .

  • Measures how much profit Neurones 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 Neurones to the Information Technology Services industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Neurones:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY2.7%-2.7%
TTM-5Y5.5%-5.5%
5Y5.5%10Y7.4%-1.9%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.4%-5.4%
TTM-4.8%-4.8%
YOY2.7%4.4%-1.7%
5Y5.5%4.2%+1.3%
10Y7.4%3.3%+4.1%
1.2.2. Operating Ratio

Measures how efficient Neurones is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are €0.00 for each €1 in net sales.

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

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.0000.000
TTM-5Y0.382-0.382
5Y0.38210Y0.626-0.244
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.589-1.589
TTM-1.352-1.352
YOY0.0001.096-1.096
5Y0.3821.049-0.667
10Y0.6261.014-0.388

1.3. Liquidity of Neurones.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Information Technology Services industry mean).
  • A Current Ratio of 2.43 means the company has €2.43 in assets for each €1 in short-term debts.

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

  • The MRQ is 2.432. The company is able to pay all its short-term debts. +1
  • The TTM is 2.474. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.432TTM2.474-0.041
TTM2.474YOY2.694-0.221
TTM2.4745Y2.593-0.119
5Y2.59310Y1.975+0.618
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4321.509+0.923
TTM2.4741.489+0.985
YOY2.6941.546+1.148
5Y2.5931.506+1.087
10Y1.9751.383+0.592
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy (always compare to Information Technology Services industry mean)
  • A Quick Ratio of 2.01 means the company can pay off €2.01 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 2.010. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.594. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.010TTM1.594+0.416
TTM1.594YOY1.886-0.293
TTM1.5945Y1.598-0.005
5Y1.59810Y1.411+0.187
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0100.909+1.101
TTM1.5940.988+0.606
YOY1.8861.089+0.797
5Y1.5981.003+0.595
10Y1.4110.949+0.462

1.4. Solvency of Neurones.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy (always compare to Information Technology Services industry mean).
  • A Debt to Asset Ratio of 0.39 means that Neurones assets are financed with 38.7% credit (debt) and the remaining percentage (100% - 38.7%) is financed by its owners/shareholders.

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

  • The MRQ is 0.387. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.378. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.387TTM0.378+0.009
TTM0.378YOY0.352+0.026
TTM0.3785Y0.357+0.021
5Y0.35710Y0.362-0.006
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3870.509-0.122
TTM0.3780.499-0.121
YOY0.3520.493-0.141
5Y0.3570.491-0.134
10Y0.3620.476-0.114
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy (always compare to Information Technology Services industry mean).
  • A Debt to Equity ratio of 71.4% means that company has €0.71 debt for each €1 in shareholders equity.

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

  • The MRQ is 0.714. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.688. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.714TTM0.688+0.026
TTM0.688YOY0.606+0.082
TTM0.6885Y0.618+0.070
5Y0.61810Y0.626-0.009
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7140.953-0.239
TTM0.6880.976-0.288
YOY0.6060.965-0.359
5Y0.6180.959-0.341
10Y0.6260.948-0.322

2. Market Valuation of Neurones

2. Earnings
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 20.80 means the investor is paying €20.80 for every €1 in earnings.

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

  • The EOD is 18.641. Neutral. Compare to industry.
  • The MRQ is 20.803. Neutral. Compare to industry.
  • The TTM is 22.629. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
EOD18.641MRQ20.803-2.162
MRQ20.803TTM22.629-1.826
TTM22.629YOY18.653+3.977
TTM22.6295Y19.767+2.862
5Y19.76710Y14.074+5.693
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD18.64113.391+5.250
MRQ20.80314.395+6.408
TTM22.62917.514+5.115
YOY18.65318.853-0.200
5Y19.76717.359+2.408
10Y14.07416.087-2.013
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Neurones.

  • 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 Neurones:

  • The MRQ is 1.287. Seems overpriced? -1
  • The TTM is -5.167. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ1.287TTM-5.167+6.454
TTM-5.167YOY-12.121+6.954
TTM-5.1675Y-3.670-1.496
5Y-3.67010Y-3.6700.000
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2870.049+1.238
TTM-5.1670.063-5.230
YOY-12.1210.056-12.177
5Y-3.6700.067-3.737
10Y-3.6700.069-3.739

2. Books
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • A PB ratio of 2.46 means the investor is paying €2.46 for each €1 in book value.

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

  • The EOD is 2.209. Good. +1
  • The MRQ is 2.465. Good. +1
  • The TTM is 2.531. Good. +1
Trends
Current periodCompared to+/- 
EOD2.209MRQ2.465-0.256
MRQ2.465TTM2.531-0.066
TTM2.531YOY1.841+0.690
TTM2.5315Y2.001+0.530
5Y2.00110Y1.909+0.093
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD2.2092.216-0.007
MRQ2.4652.478-0.013
TTM2.5313.033-0.502
YOY1.8412.792-0.951
5Y2.0012.424-0.423
10Y1.9092.044-0.135

2.4. Latest News of Neurones

Does Neurones 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 Neurones to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2022-09-12
17:40
NEURONES - Rapport financier premier semestre 2022Read
2022-09-07
17:40
NEURONES: 2022 first half-year net profit stands at 7.9%Read

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Neurones 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--14.44314.312+1%14.304+1%13.176+10%10.747+34%
Book Value Per Share Growth---0.1240.193-164%-0.053-58%0.204-161%0.210-159%
Current Ratio--2.4322.474-2%2.694-10%2.593-6%1.975+23%
Debt To Asset Ratio--0.3870.378+2%0.352+10%0.357+9%0.362+7%
Debt To Equity Ratio--0.7140.688+4%0.606+18%0.618+16%0.626+14%
Dividend Per Share--0.5000.500+0%0.999-50%0.322+55%0.169+195%
Eps--0.4550.428+6%0.368+24%0.349+31%0.203+125%
Eps Growth--16.15814.079+15%-1.698+111%28.564-43%28.564-43%
Gains Per Share--0.3760.693-46%0.947-60%0.525-28%0.380-1%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Net Profit Margin----0%0.032-100%0.038-100%0.047-100%
Operating Margin----0%0.027-100%0.055-100%0.074-100%
Operating Ratio----0%0.000-100%0.382-100%0.626-100%
Pb Ratio2.209-12%2.4652.531-3%1.841+34%2.001+23%1.909+29%
Pe Ratio18.641-12%20.80322.629-8%18.653+12%19.767+5%14.074+48%
Peg Ratio--1.287-5.167+501%-12.121+1041%-3.670+385%-3.670+385%
Price Per Share31.900-12%35.60036.225-2%26.275+35%26.293+35%20.912+70%
Quick Ratio--2.0101.594+26%1.886+7%1.598+26%1.411+42%
Return On Assets--0.0190.019+4%0.025-23%0.019+0%0.018+5%
Return On Equity--0.0360.034+5%0.043-18%0.033+6%0.032+12%
 EOD+3 -0MRQTTM+10 -6YOY+5 -145Y+7 -1210Y+8 -11

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1518.641
Price to Book Ratio (EOD)Between0-12.209
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than12.010
Current Ratio (MRQ)Greater than12.432
Debt to Asset Ratio (MRQ)Less than10.387
Debt to Equity Ratio (MRQ)Less than10.714
Return on Equity (MRQ)Greater than0.150.036
Return on Assets (MRQ)Greater than0.050.019
Total4/10 (40.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5025.562
Ma 20Greater thanMa 5034.650
Ma 50Greater thanMa 10036.265
Ma 100Greater thanMa 20035.867
OpenGreater thanClose31.450
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets570,949
Total Liabilities221,083
Total Stockholder Equity309,668
 As reported
Total Liabilities 221,083
Total Stockholder Equity+ 309,668
Total Assets = 570,949

Assets

Total Assets570,949
Total Current Assets463,134
Long-term Assets463,134
Total Current Assets
Cash And Cash Equivalents 232,630
Net Receivables 150,013
Inventory 1,297
Total Current Assets  (as reported)463,134
Total Current Assets  (calculated)383,940
+/- 79,194
Long-term Assets
Property Plant Equipment 48,635
Goodwill 45,311
Intangible Assets 941
Other Assets 9,605
Long-term Assets  (as reported)107,815
Long-term Assets  (calculated)104,492
+/- 3,323

Liabilities & Shareholders' Equity

Total Current Liabilities190,411
Long-term Liabilities30,672
Total Stockholder Equity309,668
Total Current Liabilities
Short-term Debt 7,581
Short Long Term Debt 111
Accounts payable 39,360
Other Current Liabilities 143,470
Total Current Liabilities  (as reported)190,411
Total Current Liabilities  (calculated)190,522
+/- 111
Long-term Liabilities
Long term Debt 155
Capital Lease Obligations Min Short Term Debt27,731
Other Liabilities 2,675
Long-term Liabilities  (as reported)30,672
Long-term Liabilities  (calculated)30,561
+/- 111
Total Stockholder Equity
Common Stock9,691
Other Stockholders Equity 299,977
Total Stockholder Equity (as reported)309,668
Total Stockholder Equity (calculated)309,668
+/-0
Other
Capital Stock9,691
Cash and Short Term Investments 232,630
Common Stock Shares Outstanding 24,224
Liabilities and Stockholders Equity 530,751
Net Debt -197,052
Net Invested Capital 309,934
Net Tangible Assets 263,416
Net Working Capital 272,723
Short Long Term Debt Total 35,578



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312000-06-30
> Total Assets 
363,387
74,492
0
0
0
78,872
0
79,375
0
82,278
0
84,917
0
92,513
94,407
94,407
100,847
100,847
113,992
113,992
118,258
118,258
125,705
125,705
135,477
135,477
145,028
145,028
165,637
165,637
156,866
156,866
169,048
169,048
174,074
174,074
189,963
189,963
205,197
205,197
225,466
225,466
228,809
228,809
249,997
249,997
257,688
257,688
278,716
278,716
283,240
283,240
304,168
304,168
326,056
326,056
351,196
351,196
357,217
357,217
385,631
385,631
392,783
392,783
411,694
411,694
420,917
420,917
449,056
449,056
494,938
494,938
0
510,138
0
514,735
0
549,851
0
523,855
0
567,823
0
570,949
570,9490567,8230523,8550549,8510514,7350510,1380494,938494,938449,056449,056420,917420,917411,694411,694392,783392,783385,631385,631357,217357,217351,196351,196326,056326,056304,168304,168283,240283,240278,716278,716257,688257,688249,997249,997228,809228,809225,466225,466205,197205,197189,963189,963174,074174,074169,048169,048156,866156,866165,637165,637145,028145,028135,477135,477125,705125,705118,258118,258113,992113,992100,847100,84794,40794,40792,513084,917082,278079,375078,87200074,492363,387
   > 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
125,637
0
130,055
0
145,057
0
161,187
0
179,192
0
182,091
0
201,958
0
209,430
0
229,083
0
233,424
0
253,519
0
270,955
0
284,013
0
292,649
318,630
318,630
327,677
327,677
346,424
346,424
356,058
356,058
383,379
383,379
392,096
392,096
412,813
412,813
412,373
412,373
449,070
449,070
422,017
422,017
464,129
464,129
463,134
463,134
463,134463,134464,129464,129422,017422,017449,070449,070412,373412,373412,813412,813392,096392,096383,379383,379356,058356,058346,424346,424327,677327,677318,630318,630292,6490284,0130270,9550253,5190233,4240229,0830209,4300201,9580182,0910179,1920161,1870145,0570130,0550125,637000000000000000000000000000000000
       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
60,441
0
54,763
0
68,609
0
64,617
0
75,493
0
68,871
0
87,858
0
85,172
0
101,055
0
101,232
0
123,153
0
120,523
0
131,373
0
123,861
141,405
141,405
138,449
138,449
154,606
154,606
148,964
148,964
174,949
174,949
182,400
182,400
0
218,605
0
229,060
0
266,603
0
232,097
0
265,174
0
232,630
232,6300265,1740232,0970266,6030229,0600218,6050182,400182,400174,949174,949148,964148,964154,606154,606138,449138,449141,405141,405123,8610131,3730120,5230123,1530101,2320101,055085,172087,858068,871075,493064,617068,609054,763060,441000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,348
0
3,743
0
0
0
0
00003,74305,34800000000000000000000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
127,671
25,671
0
0
0
26,011
0
28,995
0
24,314
0
26,131
0
29,187
32,185
32,185
32,969
32,969
41,774
41,774
44,913
44,913
48,389
48,389
51,503
51,503
60,672
60,672
65,306
65,306
63,142
63,142
63,255
63,255
72,929
72,929
74,555
74,555
93,923
93,923
100,618
100,618
109,690
109,690
110,618
110,618
119,885
119,885
124,767
124,767
127,634
127,634
126,837
126,837
145,535
145,535
147,872
147,872
162,499
162,499
171,780
171,780
182,255
182,255
184,665
184,665
198,105
198,105
200,521
200,521
199,957
136,197
185,337
185,337
174,065
174,065
175,029
175,029
180,936
180,936
189,238
138,655
219,238
150,013
150,013219,238138,655189,238180,936180,936175,029175,029174,065174,065185,337185,337136,197199,957200,521200,521198,105198,105184,665184,665182,255182,255171,780171,780162,499162,499147,872147,872145,535145,535126,837126,837127,634127,634124,767124,767119,885119,885110,618110,618109,690109,690100,618100,61893,92393,92374,55574,55572,92972,92963,25563,25563,14263,14265,30665,30660,67260,67251,50351,50348,38948,38944,91344,91341,77441,77432,96932,96932,18532,18529,187026,131024,314028,995026,01100025,671127,671
       Inventory 
2,090
319
0
0
0
284
0
596
0
139
0
132
0
266
205
205
193
193
375
375
120
120
133
133
247
247
137
137
270
270
215
215
252
252
292
292
134
134
318
318
379
379
309
309
200
200
371
371
206
206
512
512
172
172
647
647
409
409
741
741
245
245
536
536
891
891
478
478
278
278
813
813
385
385
1,088
1,088
635
635
1,725
1,725
887
887
1,297
1,297
1,2971,2978878871,7251,7256356351,0881,08838538581381327827847847889189153653624524574174140940964764717217251251220620637137120020030930937937931831813413429229225225221521527027013713724724713313312012037537519319320520526601320139059602840003192,090
   > 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
43,411
0
44,019
0
44,906
0
44,010
0
46,274
0
46,718
0
48,039
0
48,258
0
49,633
0
49,816
0
50,649
0
55,101
0
67,183
0
64,568
0
67,001
0
65,106
0
65,270
0
64,859
0
65,677
0
102,842
0
97,325
0
102,362
0
100,781
0
101,838
0
103,694
0
107,815
107,8150103,6940101,8380100,7810102,362097,3250102,842065,677064,859065,270065,106067,001064,568067,183055,101050,649049,816049,633048,258048,039046,718046,274044,010044,906044,019043,411000000000000000000000000000000000
       Property Plant Equipment 
9,269
1,564
0
0
0
1,525
0
1,714
0
1,573
0
1,574
0
1,477
1,405
1,405
1,550
1,550
1,847
1,847
2,132
2,132
2,590
2,590
2,963
2,963
3,248
3,248
3,652
3,652
3,774
3,774
3,634
3,634
3,795
3,795
4,163
4,163
5,072
5,072
5,649
5,649
5,884
5,884
6,279
6,279
6,303
6,303
7,668
7,668
7,558
7,558
8,282
8,282
11,363
11,363
14,594
14,594
14,887
14,887
14,495
14,495
16,336
16,336
16,231
16,231
15,645
15,645
16,211
16,211
51,771
51,771
47,148
47,148
50,991
50,991
46,644
46,644
47,024
47,024
46,103
46,103
48,635
48,635
48,63548,63546,10346,10347,02447,02446,64446,64450,99150,99147,14847,14851,77151,77116,21116,21115,64515,64516,23116,23116,33616,33614,49514,49514,88714,88714,59414,59411,36311,3638,2828,2827,5587,5587,6687,6686,3036,3036,2796,2795,8845,8845,6495,6495,0725,0724,1634,1633,7953,7953,6343,6343,7743,7743,6523,6523,2483,2482,9632,9632,5902,5902,1322,1321,8471,8471,5501,5501,4051,4051,47701,57401,57301,71401,5250001,5649,269
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,062
13,062
13,572
13,572
18,356
18,356
18,493
18,493
20,297
20,297
20,669
20,669
24,129
24,129
34,515
34,515
34,228
34,228
34,229
34,229
34,535
34,535
34,544
34,545
34,591
34,591
36,129
36,129
36,173
36,173
36,173
36,460
36,173
36,460
36,173
36,460
35,892
36,460
35,892
36,460
36,553
37,121
37,135
37,703
40,144
40,712
42,404
42,972
39,262
39,830
40,024
40,592
40,024
40,592
39,904
40,472
39,904
40,472
0
40,472
0
40,472
0
42,688
0
42,407
0
44,700
0
45,311
45,311044,700042,407042,688040,472040,472040,47239,90440,47239,90440,59240,02440,59240,02439,83039,26242,97242,40440,71240,14437,70337,13537,12136,55336,46035,89236,46035,89236,46036,17336,46036,17336,46036,17336,17336,17336,12936,12934,59134,59134,54534,54434,53534,53534,22934,22934,22834,22834,51534,51524,12924,12920,66920,66920,29720,29718,49318,49318,35618,35613,57213,57213,06213,06200000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,010
3,010
2,776
2,776
2,711
2,711
2,992
2,992
3,062
3,062
4,263
4,263
0
0
0
0
0
0
0
0
0
0
0
0
0000000000004,2634,2633,0623,0622,9922,9922,7112,7112,7762,7763,0103,010000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
3,663
10,053
0
0
0
13,484
0
13,161
0
12,855
0
13,075
0
12,860
13,642
13,642
14,045
14,045
18,880
18,880
18,883
18,883
20,733
20,733
21,198
21,198
24,668
24,668
35,181
35,181
34,719
34,719
34,724
34,724
34,945
34,945
34,815
34,815
34,984
34,984
36,626
36,626
36,597
36,597
36,748
288
36,747
287
36,700
240
36,475
15
36,576
116
37,438
317
39,916
2,213
42,391
1,679
44,547
1,575
40,962
1,132
41,390
798
1,019
451
698
130
554
-14
0
-138
0
303
0
942
0
1,455
0
1,156
0
941
94101,15601,455094203030-1380-145541306984511,01979841,3901,13240,9621,57544,5471,67942,3912,21339,91631737,43811636,5761536,47524036,70028736,74728836,74836,59736,59736,62636,62634,98434,98434,81534,81534,94534,94534,72434,72434,71934,71935,18135,18124,66824,66821,19821,19820,73320,73318,88318,88318,88018,88014,04514,04513,64213,64212,860013,075012,855013,161013,48400010,0533,663
       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
3,953
0
4,179
0
4,431
0
1,958
0
2,070
0
2,313
0
2,609
0
2,891
0
3,042
0
3,707
0
3,701
0
4,207
0
10,862
0
5,436
0
5,865
0
5,800
0
5,815
0
6,283
0
6,673
0
8,162
0
7,243
0
8,046
0
7,974
0
7,994
0
8,281
0
9,126
9,12608,28107,99407,97408,04607,24308,16206,67306,28305,81505,80005,86505,436010,86204,20703,70103,70703,04202,89102,60902,31302,07001,95804,43104,17903,953000000000000000000000000000000000
> Total Liabilities 
102,688
26,524
0
0
0
24,758
0
22,931
0
23,319
0
24,253
0
28,367
27,991
27,991
30,194
30,194
42,096
42,096
41,745
41,745
45,998
45,998
49,587
49,587
55,482
55,482
68,726
68,726
56,336
56,336
60,773
60,772
62,149
62,149
68,637
68,636
76,726
76,726
86,339
86,339
83,948
83,948
94,579
94,579
93,799
93,799
103,507
103,507
98,042
98,042
107,293
107,293
118,713
118,713
135,448
135,448
135,489
135,489
147,176
147,176
140,937
140,937
143,641
143,641
139,789
139,789
153,180
153,180
182,388
182,388
0
182,816
0
177,591
0
190,826
0
192,733
0
214,904
0
221,083
221,0830214,9040192,7330190,8260177,5910182,8160182,388182,388153,180153,180139,789139,789143,641143,641140,937140,937147,176147,176135,489135,489135,448135,448118,713118,713107,293107,29398,04298,042103,507103,50793,79993,79994,57994,57983,94883,94886,33986,33976,72676,72668,63668,63762,14962,14960,77260,77356,33656,33668,72668,72655,48255,48249,58749,58745,99845,99841,74541,74542,09642,09630,19430,19427,99127,99128,367024,253023,319022,931024,75800026,524102,688
   > Total Current Liabilities 
101,246
25,272
0
0
0
24,589
0
22,715
0
22,862
0
23,977
0
27,957
27,943
27,943
30,131
30,131
39,474
39,474
39,371
39,371
44,003
44,003
47,544
47,544
53,572
53,572
66,939
66,939
55,587
55,587
60,096
60,096
61,244
61,244
68,192
68,192
76,396
76,396
86,030
86,030
83,601
83,601
94,138
94,138
93,303
93,303
102,926
102,926
97,358
97,358
106,571
106,571
116,965
116,965
132,658
132,658
133,249
133,249
145,245
145,245
139,357
139,357
142,126
142,126
138,312
138,312
151,736
151,736
151,603
151,603
156,429
156,429
145,807
145,807
161,432
161,432
161,918
161,918
184,560
184,560
190,411
190,411
190,411190,411184,560184,560161,918161,918161,432161,432145,807145,807156,429156,429151,603151,603151,736151,736138,312138,312142,126142,126139,357139,357145,245145,245133,249133,249132,658132,658116,965116,965106,571106,57197,35897,358102,926102,92693,30393,30394,13894,13883,60183,60186,03086,03076,39676,39668,19268,19261,24461,24460,09660,09655,58755,58766,93966,93953,57253,57247,54447,54444,00344,00339,37139,37139,47439,47430,13130,13127,94327,94327,957023,977022,862022,715024,58900025,272101,246
       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
0
0
0
2,687
2,687
1,664
1,664
1,384
1,384
526
526
0
0
0
12
0
7,063
0
6,930
0
6,945
0
7,022
0
7,497
0
7,581
7,58107,49707,02206,94506,93007,0630120005265261,3841,3841,6641,6642,6872,687000000000000000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,687
2,687
1,664
1,664
1,384
1,384
526
526
0
0
0
12
0
164
0
13
0
265
0
33
0
205
0
111
1110205033026501301640120005265261,3841,3841,6641,6642,6872,687000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
31,833
5,575
0
0
0
5,052
0
6,070
0
5,626
0
5,254
0
6,520
6,344
6,344
6,771
6,771
8,312
8,312
8,809
8,809
8,793
8,793
10,377
10,377
11,311
11,311
11,902
11,902
9,133
9,133
10,908
10,908
9,240
9,240
11,009
11,009
15,340
15,340
14,529
14,529
13,064
13,064
16,286
16,286
16,894
16,894
19,045
19,045
15,606
15,606
16,725
16,725
25,752
25,752
29,769
29,769
24,508
24,508
26,202
26,202
26,942
26,942
29,384
29,384
28,218
28,218
31,250
31,250
30,326
30,326
31,041
31,041
28,545
28,545
32,657
32,657
31,396
31,396
37,727
37,727
39,360
39,360
39,36039,36037,72737,72731,39631,39632,65732,65728,54528,54531,04131,04130,32630,32631,25031,25028,21828,21829,38429,38426,94226,94226,20226,20224,50824,50829,76929,76925,75225,75216,72516,72515,60615,60619,04519,04516,89416,89416,28616,28613,06413,06414,52914,52915,34015,34011,00911,0099,2409,24010,90810,9089,1339,13311,90211,90211,31111,31110,37710,3778,7938,7938,8098,8098,3128,3126,7716,7716,3446,3446,52005,25405,62606,07005,0520005,57531,833
       Other Current Liabilities 
61,807
15,683
0
0
0
18,835
0
16,632
0
16,730
0
18,413
0
21,410
21,277
21,277
22,711
22,711
28,987
28,987
29,937
29,937
33,254
33,254
36,847
36,847
40,349
40,349
52,799
52,799
45,177
45,177
48,496
48,496
50,509
50,509
56,874
56,874
59,605
59,605
71,059
71,059
70,445
70,445
77,750
77,750
75,896
75,896
83,707
83,707
81,297
81,297
89,484
89,484
90,576
90,576
101,308
101,308
105,971
105,971
117,218
117,218
111,118
111,118
111,598
111,598
22,896
22,896
31,306
31,306
25,957
1
29,828
118,325
24,506
110,332
31,098
121,830
28,396
123,500
41,971
139,336
41,075
143,470
143,47041,075139,33641,971123,50028,396121,83031,098110,33224,506118,32529,828125,95731,30631,30622,89622,896111,598111,598111,118111,118117,218117,218105,971105,971101,308101,30890,57690,57689,48489,48481,29781,29783,70783,70775,89675,89677,75077,75070,44570,44571,05971,05959,60559,60556,87456,87450,50950,50948,49648,49645,17745,17752,79952,79940,34940,34936,84736,84733,25433,25429,93729,93728,98728,98722,71122,71121,27721,27721,410018,413016,730016,632018,83500015,68361,807
   > 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
676
0
905
0
444
0
330
0
309
0
347
0
441
0
496
0
581
0
684
0
722
0
1,748
0
2,790
0
2,240
0
1,931
0
1,580
0
1,515
0
1,477
0
1,444
0
30,785
0
26,387
0
31,784
0
29,394
0
30,815
0
30,344
0
30,672
30,672030,344030,815029,394031,784026,387030,78501,44401,47701,51501,58001,93102,24002,79001,74807220684058104960441034703090330044409050676000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
27,234
0
28,494
0
0
0
0
000028,494027,23400000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
1,244
0
0
0
169
0
0
0
275
0
276
0
408
48
48
63
63
2,622
2,622
2,374
2,374
1,995
1,995
2,043
2,043
1,910
1,910
1,692
1,692
466
466
360
360
534
534
406
406
330
330
309
309
347
347
441
441
496
496
581
581
684
684
722
722
889
889
897
897
989
989
1,069
1,069
1,213
1,213
1,275
1,275
1,237
1,237
1,442
1,442
1,611
1,611
1,818
1,818
2,151
2,151
2,160
2,160
2,321
2,321
2,519
2,519
2,675
2,675
2,6752,6752,5192,5192,3212,3212,1602,1602,1512,1511,8181,8181,6111,6111,4421,4421,2371,2371,2751,2751,2131,2131,0691,0699899898978978898897227226846845815814964964414413473473093093303304064065345343603604664661,6921,6921,9101,9102,0432,0431,9951,9952,3742,3742,6222,62263634848408027602750001690001,2440
> Total Stockholder Equity
258,114
47,267
0
0
0
52,893
0
55,027
0
57,397
0
59,100
0
62,381
64,655
64,655
68,624
68,624
69,714
69,714
74,041
74,041
77,087
77,087
82,635
82,635
85,858
85,858
91,290
91,290
95,048
95,048
101,981
101,981
105,493
105,493
114,215
114,215
121,219
121,219
129,406
129,406
134,876
134,876
144,220
144,220
151,559
151,559
161,780
161,780
170,439
170,439
180,501
180,501
189,630
189,630
198,422
198,422
204,400
204,400
217,040
217,040
228,670
228,670
242,973
242,973
254,080
254,080
266,831
266,831
282,531
282,531
282,531
297,173
0
305,171
0
322,626
0
292,953
0
311,559
0
309,668
309,6680311,5590292,9530322,6260305,1710297,173282,531282,531282,531266,831266,831254,080254,080242,973242,973228,670228,670217,040217,040204,400204,400198,422198,422189,630189,630180,501180,501170,439170,439161,780161,780151,559151,559144,220144,220134,876134,876129,406129,406121,219121,219114,215114,215105,493105,493101,981101,98195,04895,04891,29091,29085,85885,85882,63582,63577,08777,08774,04174,04169,71469,71468,62468,62464,65564,65562,381059,100057,397055,027052,89300047,267258,114
   Common Stock
0
9,108
0
0
0
9,108
0
0
0
9,108
0
9,108
0
9,139
9,203
9,203
9,266
9,266
9,269
9,269
9,299
9,299
9,335
9,335
9,353
9,353
9,359
9,359
9,364
9,364
9,376
9,376
9,390
9,390
9,401
9,401
9,424
9,424
9,448
9,448
9,449
9,449
9,454
9,454
9,504
9,504
9,506
9,506
9,585
9,585
9,591
9,591
9,593
9,593
9,686
9,686
9,693
9,693
9,698
9,698
9,698
9,698
9,698
9,698
9,698
9,698
9,714
9,714
9,714
9,714
9,714
9,714
9,714
9,714
9,687
9,687
9,687
9,687
9,691
9,691
9,691
9,691
9,691
9,691
9,6919,6919,6919,6919,6919,6919,6879,6879,6879,6879,7149,7149,7149,7149,7149,7149,7149,7149,6989,6989,6989,6989,6989,6989,6989,6989,6939,6939,6869,6869,5939,5939,5919,5919,5859,5859,5069,5069,5049,5049,4549,4549,4499,4499,4489,4489,4249,4249,4019,4019,3909,3909,3769,3769,3649,3649,3599,3599,3539,3539,3359,3359,2999,2999,2699,2699,2669,2669,2039,2039,13909,10809,1080009,1080009,1080
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000-48,8170-56,8850-44,0750-40,5350-37,2430-34,2840-31,2750-28,4680-26,5390-25,6810-22,7710-21,1530-19,3920-17,3530-15,4230-15,6540-14,3090-12,8320-11,8670-9,6940-8,7110-7,9160-7,043000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31,407
0
31,407
0
31,407
0
31,403
0
0
0
0
000031,403031,407031,407031,4070000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000-64-64-252-252-252-252-252-252-344-344-351-351-45-45-177-177-213-213-213-213-246-246-246-246000000-990-990-1,208-1,208-1,208-1,208-2,149-2,149000000000000000000000000000000
   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
0
0
0
150,971
150,971
174,758
174,758
174,793
174,793
200,943
200,943
199,751
199,751
225,547
313,352
225,367
287,459
250,616
295,484
250,800
312,939
233,781
283,262
233,020
301,868
246,686
299,977
299,977246,686301,868233,020283,262233,781312,939250,800295,484250,616287,459225,367313,352225,547199,751199,751200,943200,943174,793174,793174,758174,758150,971150,971000000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.