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Raisio Oyj Vaihto-osake










Financial Health of Raisio




Comparing to competitors in the Packaged Foods industry




  Industry Rankings  


Raisio Oyj Vaihto-osake
Buy, Hold or Sell?

Should you buy, hold or sell Raisio?

I guess you are interested in Raisio Oyj Vaihto-osake. 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 Raisio

Let's start. I'm going to help you getting a better view of Raisio Oyj Vaihto-osake. 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 Raisio Oyj Vaihto-osake 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 Raisio Oyj Vaihto-osake is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Raisio Oyj Vaihto-osake. The closing price on 2022-12-02 was €2.145 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.
Raisio Oyj Vaihto-osake 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 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 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 Raisio Oyj Vaihto-osake.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Raisio to the Packaged Foods industry mean.
  • A Net Profit Margin of 3.4% means that €0.03 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 3.4%. The company is making a profit. +1
  • The TTM is 1.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ3.4%TTM1.7%+1.8%
TTM1.7%YOY10.4%-8.8%
TTM1.7%5Y7.6%-5.9%
5Y7.6%10Y6.1%+1.5%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ3.4%2.8%+0.6%
TTM1.7%2.3%-0.6%
YOY10.4%3.5%+6.9%
5Y7.6%2.8%+4.8%
10Y6.1%2.8%+3.3%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Raisio to the Packaged Foods industry mean.
  • 0.6% Return on Assets means that Raisio generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM0.4%+0.2%
TTM0.4%YOY1.9%-1.5%
TTM0.4%5Y1.5%-1.1%
5Y1.5%10Y1.3%+0.1%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%0.8%-0.2%
TTM0.4%0.9%-0.5%
YOY1.9%1.1%+0.8%
5Y1.5%0.9%+0.6%
10Y1.3%1.0%+0.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Raisio to the Packaged Foods industry mean.
  • 0.7% Return on Equity means Raisio generated €0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 0.7%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.5%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.7%TTM0.5%+0.3%
TTM0.5%YOY2.2%-1.7%
TTM0.5%5Y1.8%-1.3%
5Y1.8%10Y1.8%0.0%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7%2.0%-1.3%
TTM0.5%1.8%-1.3%
YOY2.2%2.3%-0.1%
5Y1.8%2.1%-0.3%
10Y1.8%2.0%-0.2%

1.2. Operating Efficiency of Raisio Oyj Vaihto-osake.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Raisio is operating .

  • Measures how much profit Raisio 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 Raisio to the Packaged Foods industry mean.
  • An Operating Margin of 7.9% means the company generated €0.08  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 7.9%. The company is operating less efficient.
  • The TTM is 7.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ7.9%TTM7.7%+0.2%
TTM7.7%YOY11.3%-3.6%
TTM7.7%5Y10.4%-2.7%
5Y10.4%10Y6.1%+4.3%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ7.9%4.2%+3.7%
TTM7.7%3.0%+4.7%
YOY11.3%4.5%+6.8%
5Y10.4%4.3%+6.1%
10Y6.1%3.4%+2.7%
1.2.2. Operating Ratio

Measures how efficient Raisio is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Packaged Foods industry mean).
  • An Operation Ratio of 1.68 means that the operating costs are €1.68 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 1.685. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.742. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.685TTM1.742-0.057
TTM1.742YOY1.619+0.123
TTM1.7425Y1.474+0.269
5Y1.47410Y1.142+0.332
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6851.625+0.060
TTM1.7421.568+0.174
YOY1.6191.471+0.148
5Y1.4741.351+0.123
10Y1.1421.140+0.002

1.3. Liquidity of Raisio Oyj Vaihto-osake.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Packaged Foods industry mean).
  • A Current Ratio of 3.90 means the company has €3.90 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 3.900. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.094. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.900TTM4.094-0.194
TTM4.094YOY4.944-0.850
TTM4.0945Y3.957+0.137
5Y3.95710Y2.098+1.859
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ3.9001.616+2.284
TTM4.0941.575+2.519
YOY4.9441.581+3.363
5Y3.9571.565+2.392
10Y2.0981.414+0.684
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Raisio to the Packaged Foods industry mean.
  • A Quick Ratio of 1.86 means the company can pay off €1.86 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 1.855. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.398. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.855TTM2.398-0.543
TTM2.398YOY3.062-0.664
TTM2.3985Y2.016+0.382
5Y2.01610Y1.304+0.711
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8550.559+1.296
TTM2.3980.580+1.818
YOY3.0620.620+2.442
5Y2.0160.611+1.405
10Y1.3040.585+0.719

1.4. Solvency of Raisio Oyj Vaihto-osake.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Raisio to Packaged Foods industry mean.
  • A Debt to Asset Ratio of 0.22 means that Raisio assets are financed with 21.7% credit (debt) and the remaining percentage (100% - 21.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 0.217. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.207. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.217TTM0.207+0.010
TTM0.207YOY0.159+0.048
TTM0.2075Y0.202+0.005
5Y0.20210Y0.286-0.083
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2170.491-0.274
TTM0.2070.487-0.280
YOY0.1590.493-0.334
5Y0.2020.490-0.288
10Y0.2860.487-0.201
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Raisio to the Packaged Foods industry mean.
  • A Debt to Equity ratio of 27.7% means that company has €0.28 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 0.277. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.262. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.277TTM0.262+0.016
TTM0.262YOY0.190+0.072
TTM0.2625Y0.260+0.001
5Y0.26010Y0.426-0.165
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2770.956-0.679
TTM0.2620.947-0.685
YOY0.1900.942-0.752
5Y0.2601.004-0.744
10Y0.4260.982-0.556

2. Market Valuation of Raisio Oyj Vaihto-osake

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Raisio generates.

  • Above 15 is considered overpriced but always compare Raisio to the Packaged Foods industry mean.
  • A PE ratio of 162.05 means the investor is paying €162.05 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Raisio Oyj Vaihto-osake:

  • The EOD is 179.170. Seems overpriced? -1
  • The MRQ is 162.046. Seems overpriced? -1
  • The TTM is 53.475. Good. +1
Trends
Current periodCompared to+/- 
EOD179.170MRQ162.046+17.123
MRQ162.046TTM53.475+108.571
TTM53.475YOY98.971-45.495
TTM53.4755Y84.944-31.468
5Y84.94410Y98.878-13.934
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
EOD179.17040.390+138.780
MRQ162.04644.031+118.015
TTM53.47545.644+7.831
YOY98.97153.356+45.615
5Y84.94452.695+32.249
10Y98.87841.011+57.867
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Raisio.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Raisio Oyj Vaihto-osake:

  • The MRQ is 67.665. Seems overpriced? -1
  • The TTM is 30.925. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ67.665TTM30.925+36.740
TTM30.925YOY266.432-235.507
TTM30.9255Y95.457-64.532
5Y95.45710Y-6,577,367.981+6,577,463.438
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ67.6650.089+67.576
TTM30.9250.032+30.893
YOY266.4320.103+266.329
5Y95.4570.068+95.389
10Y-6,577,367.9810.067-6,577,368.048

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

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

  • At or below 1 is considered healthy (always compare to Packaged Foods industry mean).
  • A PB ratio of 1.21 means the investor is paying €1.21 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Raisio Oyj Vaihto-osake:

  • The EOD is 1.336. Good. +1
  • The MRQ is 1.208. Good. +1
  • The TTM is 1.654. Good. +1
Trends
Current periodCompared to+/- 
EOD1.336MRQ1.208+0.128
MRQ1.208TTM1.654-0.446
TTM1.654YOY2.034-0.380
TTM1.6545Y1.837-0.183
5Y1.83710Y1.700+0.137
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
EOD1.3361.560-0.224
MRQ1.2081.717-0.509
TTM1.6541.874-0.220
YOY2.0341.941+0.093
5Y1.8371.682+0.155
10Y1.7001.372+0.328
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Raisio Oyj Vaihto-osake compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.120-0.021-83%0.017-823%-0.035-71%-0.022-82%
Book Value Growth---0.131-0.066-50%-0.041-69%-0.062-53%-0.060-55%
Book Value Per Share--1.6051.709-6%1.712-6%1.722-7%2.105-24%
Book Value Per Share Growth---0.075-0.013-82%0.009-900%-0.024-68%-0.014-81%
Current Ratio--3.9004.094-5%4.944-21%3.957-1%2.098+86%
Debt To Asset Ratio--0.2170.207+5%0.159+36%0.202+7%0.286-24%
Debt To Equity Ratio--0.2770.262+6%0.190+46%0.260+7%0.426-35%
Dividend Per Share--0.1390.087+60%0.130+7%0.103+35%0.117+19%
Dividend Per Share Growth--0.500-0.089+118%0.000+100%0.101+397%0.172+191%
Eps--0.0120.016-24%0.038-69%0.036-67%0.042-71%
Eps Growth--2.395-0.093+104%-0.211+109%-0.175+107%-0.201+108%
Gross Profit Margin--1.0001.0000%1.0000%0.900+11%0.900+11%
Net Profit Margin--0.0340.017+106%0.104-67%0.076-55%0.061-44%
Operating Margin--0.0790.077+3%0.113-30%0.104-24%0.061+29%
Operating Ratio--1.6851.742-3%1.619+4%1.474+14%1.142+48%
Pb Ratio1.336+10%1.2081.654-27%2.034-41%1.837-34%1.700-29%
Pe Ratio179.170+10%162.04653.475+203%98.971+64%84.944+91%98.878+64%
Peg Ratio--67.66530.925+119%266.432-75%95.457-29%-6577367.981+9720537%
Price Per Share2.145+10%1.9402.844-32%3.486-44%3.165-39%3.524-45%
Price To Total Gains Ratio114.073+10%103.17168.680+50%37.202+177%-13.983+114%8.112+1172%
Profit Growth--498.84276.423+553%-27.199+105%10.649+4584%-9.333+102%
Quick Ratio--1.8552.398-23%3.062-39%2.016-8%1.304+42%
Return On Assets--0.0060.004+47%0.019-69%0.015-60%0.013-56%
Return On Equity--0.0070.005+50%0.022-67%0.018-59%0.018-60%
Revenue Growth---0.045-0.105+134%-0.041-9%0.028-258%-0.039-13%
Total Gains Per Share--0.0190.066-72%0.147-87%0.068-72%0.095-80%
Total Gains Per Share Growth---0.282-0.800+184%-0.735+161%-0.370+31%-0.468+66%
Usd Book Value--268177000.000285201187.500-6%284175000.000-6%279201937.500-4%308369343.750-13%
Usd Book Value Change Per Share---0.127-0.022-83%0.018-823%-0.037-71%-0.023-82%
Usd Book Value Per Share--1.6901.799-6%1.802-6%1.813-7%2.215-24%
Usd Dividend Per Share--0.1470.092+60%0.137+7%0.108+35%0.123+19%
Usd Eps--0.0130.017-24%0.040-69%0.038-67%0.044-71%
Usd Price Per Share2.258+10%2.0422.993-32%3.669-44%3.331-39%3.709-45%
Usd Profit--1999750.0001420875.000+41%6367625.000-69%5062525.000-60%5720337.500-65%
Usd Revenue--58413750.00063228937.500-8%62018562.500-6%59029462.500-1%103516006.250-44%
Usd Total Gains Per Share--0.0200.070-72%0.154-87%0.072-72%0.100-80%
 EOD+2 -3MRQTTM+16 -19YOY+10 -255Y+11 -2510Y+15 -21

3.2. Fundamental Score

Let's check the fundamental score of Raisio Oyj Vaihto-osake based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15179.170
Price to Book Ratio (EOD)Between0-11.336
Net Profit Margin (MRQ)Greater than00.034
Operating Margin (MRQ)Greater than00.079
Quick Ratio (MRQ)Greater than11.855
Current Ratio (MRQ)Greater than13.900
Debt to Asset Ratio (MRQ)Less than10.217
Debt to Equity Ratio (MRQ)Less than10.277
Return on Equity (MRQ)Greater than0.150.007
Return on Assets (MRQ)Greater than0.050.006
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Raisio Oyj Vaihto-osake based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5065.749
Ma 20Greater thanMa 502.067
Ma 50Greater thanMa 1001.980
Ma 100Greater thanMa 2002.044
OpenGreater thanClose2.150
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets325,500
Total Liabilities70,700
Total Stockholder Equity254,800
 As reported
Total Liabilities 70,700
Total Stockholder Equity+ 254,800
Total Assets = 325,500

Assets

Total Assets325,500
Total Current Assets140,000
Long-term Assets140,000
Total Current Assets
Cash And Cash Equivalents 25,600
Short-term Investments 36,300
Net Receivables 30,300
Inventory 40,500
Other Current Assets 7,300
Total Current Assets  (as reported)140,000
Total Current Assets  (calculated)140,000
+/-0
Long-term Assets
Property Plant Equipment 93,800
Goodwill 48,500
Intangible Assets 34,900
Other Assets 5,200
Long-term Assets  (as reported)185,300
Long-term Assets  (calculated)182,400
+/- 2,900

Liabilities & Shareholders' Equity

Total Current Liabilities35,900
Long-term Liabilities34,800
Total Stockholder Equity254,800
Total Current Liabilities
Accounts payable 30,100
Other Current Liabilities 2,500
Total Current Liabilities  (as reported)35,900
Total Current Liabilities  (calculated)32,600
+/- 3,300
Long-term Liabilities
Other Liabilities 9,900
Long-term Liabilities Other 100
Long-term Liabilities  (as reported)34,800
Long-term Liabilities  (calculated)10,000
+/- 24,800
Total Stockholder Equity
Common Stock27,800
Retained Earnings 220,000
Other Stockholders Equity 7,000
Total Stockholder Equity (as reported)254,800
Total Stockholder Equity (calculated)254,800
+/-0
Other
Capital Stock27,800
Common Stock Shares Outstanding 158,705
Net Invested Capital 254,800
Net Tangible Assets 171,400
Net Working Capital 104,100



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-12-312000-06-30
> Total Assets 
752,400
750,310
728,800
688,510
656,100
749,353
735,700
674,995
679,100
612,800
555,200
510,371
506,300
470,600
478,200
452,500
435,700
418,400
433,600
387,400
382,500
366,500
367,100
360,300
346,700
346,600
359,500
364,000
363,200
402,700
411,400
444,200
447,100
462,500
465,800
487,200
547,000
527,200
542,400
561,800
565,800
555,000
531,900
517,600
510,900
501,000
509,200
491,200
489,100
470,100
474,800
544,300
587,900
587,700
568,000
563,600
542,000
493,700
483,300
470,000
441,800
432,400
437,500
361,300
364,200
333,000
332,100
324,400
336,600
307,100
315,600
308,500
312,100
298,600
307,200
314,600
330,500
333,100
341,500
354,400
345,900
325,500
325,500345,900354,400341,500333,100330,500314,600307,200298,600312,100308,500315,600307,100336,600324,400332,100333,000364,200361,300437,500432,400441,800470,000483,300493,700542,000563,600568,000587,700587,900544,300474,800470,100489,100491,200509,200501,000510,900517,600531,900555,000565,800561,800542,400527,200547,000487,200465,800462,500447,100444,200411,400402,700363,200364,000359,500346,600346,700360,300367,100366,500382,500387,400433,600418,400435,700452,500478,200470,600506,300510,371555,200612,800679,100674,995735,700749,353656,100688,510728,800750,310752,400
   > 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
0
0
166,700
137,200
160,600
167,300
216,300
233,000
204,200
203,900
205,500
211,300
180,200
185,300
167,600
170,000
153,500
153,600
158,500
165,500
146,700
148,700
160,000
159,000
140,000
140,000159,000160,000148,700146,700165,500158,500153,600153,500170,000167,600185,300180,200211,300205,500203,900204,200233,000216,300167,300160,600137,200166,70000000000000000000000000000000000000000000000000000000000000
       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
0
0
25,900
10,900
47,100
69,300
149,000
141,300
89,100
89,800
53,100
57,200
22,100
25,600
18,300
34,200
15,400
16,000
21,500
27,200
18,900
17,600
21,100
17,900
25,600
25,60017,90021,10017,60018,90027,20021,50016,00015,40034,20018,30025,60022,10057,20053,10089,80089,100141,300149,00069,30047,10010,90025,90000000000000000000000000000000000000000000000000000000000000
       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
87,200
85,500
84,900
81,400
60,700
62,600
66,300
71,700
66,700
55,700
60,000
67,900
61,100
36,300
36,30061,10067,90060,00055,70066,70071,70066,30062,60060,70081,40084,90085,50087,20000000000000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
149,800
140,408
173,500
127,484
156,800
135,527
188,100
104,716
129,300
65,500
64,500
64,855
66,500
69,000
77,400
74,700
71,800
81,400
75,900
70,200
74,600
78,900
77,600
66,000
79,900
77,100
72,000
63,400
53,100
58,700
55,300
47,000
50,200
67,800
67,300
62,100
76,100
107,000
83,700
63,900
89,200
78,500
100,000
76,000
81,000
80,700
83,100
61,700
72,300
75,700
77,300
65,300
74,200
75,700
74,700
64,800
67,800
62,800
60,800
47,600
54,400
54,500
54,100
34,600
28,700
31,300
30,400
28,000
27,500
33,000
36,900
30,300
32,700
31,100
32,900
28,000
32,100
32,300
35,000
33,100
32,400
30,300
30,30032,40033,10035,00032,30032,10028,00032,90031,10032,70030,30036,90033,00027,50028,00030,40031,30028,70034,60054,10054,50054,40047,60060,80062,80067,80064,80074,70075,70074,20065,30077,30075,70072,30061,70083,10080,70081,00076,000100,00078,50089,20063,90083,700107,00076,10062,10067,30067,80050,20047,00055,30058,70053,10063,40072,00077,10079,90066,00077,60078,90074,60070,20075,90081,40071,80074,70077,40069,00066,50064,85564,50065,500129,300104,716188,100135,527156,800127,484173,500140,408149,800
       Other Current Assets 
0
16,422
0
26,621
0
29,921
0
39,473
20,500
18,000
12,900
14,731
0
0
0
0
0
0
0
5,200
0
0
0
4,100
0
0
0
2,600
0
0
0
7,900
0
0
0
6,900
0
0
0
7,800
0
0
0
5,900
2,000
0
0
4,800
0
0
0
6,600
100
0
0
5,500
0
9,600
0
5,100
0
0
0
200
29,400
29,300
28,800
500
0
0
0
0
0
0
0
200
100
0
0
300
3,600
7,300
7,3003,60030000100200000000050028,80029,30029,4002000005,10009,60005,500001006,6000004,800002,0005,9000007,8000006,9000007,9000002,6000004,1000005,200000000014,73112,90018,00020,50039,473029,921026,621016,4220
   > 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
0
0
0
125,300
126,800
130,500
141,000
142,000
145,100
153,500
156,000
164,900
186,500
192,900
194,400
190,500
185,300
185,300190,500194,400192,900186,500164,900156,000153,500145,100142,000141,000130,500126,800125,30000000000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
284,900
273,486
270,900
258,371
250,600
289,695
281,300
277,214
280,000
127,900
126,500
124,283
127,100
133,500
138,100
130,500
131,200
131,900
132,700
105,800
116,800
118,300
123,700
107,500
127,300
128,300
127,100
118,000
121,300
99,400
99,100
90,300
94,000
109,000
107,400
103,900
124,300
119,200
118,300
116,000
117,100
116,200
114,200
122,100
118,200
113,300
113,600
113,700
113,700
110,000
110,300
108,300
110,500
105,900
102,400
96,900
96,700
85,000
76,700
72,600
79,300
81,000
80,200
49,100
35,100
34,900
34,800
33,600
38,000
40,900
43,800
41,000
55,200
60,900
69,300
48,800
78,200
95,300
101,800
101,200
97,300
93,800
93,80097,300101,200101,80095,30078,20048,80069,30060,90055,20041,00043,80040,90038,00033,60034,80034,90035,10049,10080,20081,00079,30072,60076,70085,00096,70096,900102,400105,900110,500108,300110,300110,000113,700113,700113,600113,300118,200122,100114,200116,200117,100116,000118,300119,200124,300103,900107,400109,00094,00090,30099,10099,400121,300118,000127,100128,300127,300107,500123,700118,300116,800105,800132,700131,900131,200130,500138,100133,500127,100124,283126,500127,900280,000277,214281,300289,695250,600258,371270,900273,486284,900
       Goodwill 
0
51,925
0
47,705
0
57,801
0
65,634
0
0
0
0
0
0
0
0
11,600
11,700
11,700
2,600
2,600
2,600
1,300
1,300
1,400
1,400
1,400
1,200
1,000
0
0
0
0
54,000
51,300
51,900
98,100
95,500
99,500
103,300
103,400
106,900
108,100
111,200
107,400
106,000
108,600
108,500
109,200
112,700
116,000
168,700
180,300
184,300
177,700
178,900
166,200
159,400
153,200
154,100
154,200
121,700
121,400
46,500
47,100
46,500
46,500
46,100
48,100
46,000
46,600
48,500
46,500
45,200
45,200
45,900
48,400
48,600
48,400
49,600
49,200
48,500
48,50049,20049,60048,40048,60048,40045,90045,20045,20046,50048,50046,60046,00048,10046,10046,50046,50047,10046,500121,400121,700154,200154,100153,200159,400166,200178,900177,700184,300180,300168,700116,000112,700109,200108,500108,600106,000107,400111,200108,100106,900103,400103,30099,50095,50098,10051,90051,30054,00000001,0001,2001,4001,4001,4001,3001,3002,6002,6002,60011,70011,70011,6000000000065,634057,801047,705051,9250
       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
3,000
2,900
2,900
2,900
2,900
3,100
2,200
2,200
2,200
2,700
2,700
2,700
3,000
0
0
0
0
0
0
0
0
0
0
00000000003,0002,7002,7002,7002,2002,2002,2003,1002,9002,9002,9002,9003,00000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
79,000
83,696
81,000
75,642
73,400
84,685
92,900
86,354
87,500
25,200
24,300
23,883
27,000
28,200
8,200
25,000
25,700
25,500
25,600
15,600
14,100
13,600
12,000
5,000
12,600
12,300
11,800
4,900
10,400
8,400
7,900
3,000
7,100
65,700
62,200
59,300
135,500
131,900
136,900
139,400
141,900
146,200
147,500
149,400
145,500
143,400
147,600
145,300
152,600
158,200
162,900
231,300
254,400
260,200
251,500
243,900
236,200
222,500
214,600
207,700
217,000
183,100
182,400
86,000
90,500
42,700
42,500
30,000
34,200
32,600
32,700
33,400
32,300
31,400
31,600
31,900
33,500
35,800
35,700
36,000
35,500
34,900
34,90035,50036,00035,70035,80033,50031,90031,60031,40032,30033,40032,70032,60034,20030,00042,50042,70090,50086,000182,400183,100217,000207,700214,600222,500236,200243,900251,500260,200254,400231,300162,900158,200152,600145,300147,600143,400145,500149,400147,500146,200141,900139,400136,900131,900135,50059,30062,20065,7007,1003,0007,9008,40010,4004,90011,80012,30012,6005,00012,00013,60014,10015,60025,60025,50025,70025,0008,20028,20027,00023,88324,30025,20087,50086,35492,90084,68573,40075,64281,00083,69679,000
       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
0
0
0
125,300
126,800
130,500
141,000
142,000
0
0
0
0
0
0
0
0
0
000000000142,000141,000130,500126,800125,30000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
457,100
490,631
472,600
426,686
397,800
492,205
502,200
457,726
466,700
211,000
164,300
118,814
143,500
103,900
112,300
105,200
101,000
86,500
96,200
97,000
96,500
80,600
85,000
81,500
80,300
76,000
83,100
84,600
91,900
128,500
130,200
122,200
135,300
145,600
145,900
163,200
239,600
209,800
216,000
229,000
245,700
235,400
204,800
190,300
198,700
182,900
182,200
159,500
174,600
151,700
144,700
219,000
261,300
250,300
226,000
213,600
224,500
191,200
178,600
156,800
148,300
137,500
133,600
97,300
121,200
84,800
77,400
59,600
87,900
53,500
52,000
37,200
41,600
43,300
44,000
45,100
50,700
65,600
67,000
73,700
72,000
70,700
70,70072,00073,70067,00065,60050,70045,10044,00043,30041,60037,20052,00053,50087,90059,60077,40084,800121,20097,300133,600137,500148,300156,800178,600191,200224,500213,600226,000250,300261,300219,000144,700151,700174,600159,500182,200182,900198,700190,300204,800235,400245,700229,000216,000209,800239,600163,200145,900145,600135,300122,200130,200128,50091,90084,60083,10076,00080,30081,50085,00080,60096,50097,00096,20086,500101,000105,200112,300103,900143,500118,814164,300211,000466,700457,726502,200492,205397,800426,686472,600490,631457,100
   > Total Current Liabilities 
294,200
308,588
295,500
271,968
262,500
371,027
209,000
200,701
207,000
110,700
124,500
84,520
109,300
75,900
85,600
83,200
80,200
71,700
81,000
86,600
83,500
67,500
74,800
71,900
70,700
56,800
63,700
62,600
70,100
59,400
60,300
64,400
80,500
76,300
78,200
101,100
115,800
93,100
121,900
133,800
157,800
149,900
128,900
118,500
135,500
123,800
129,200
111,400
132,100
113,200
112,700
113,300
138,700
130,600
107,500
111,000
145,400
124,500
113,000
102,600
94,200
94,500
90,400
68,100
91,800
66,800
59,100
54,400
81,700
47,300
45,900
30,400
36,300
34,100
29,300
29,100
31,800
37,800
34,500
38,000
40,200
35,900
35,90040,20038,00034,50037,80031,80029,10029,30034,10036,30030,40045,90047,30081,70054,40059,10066,80091,80068,10090,40094,50094,200102,600113,000124,500145,400111,000107,500130,600138,700113,300112,700113,200132,100111,400129,200123,800135,500118,500128,900149,900157,800133,800121,90093,100115,800101,10078,20076,30080,50064,40060,30059,40070,10062,60063,70056,80070,70071,90074,80067,50083,50086,60081,00071,70080,20083,20085,60075,900109,30084,520124,500110,700207,000200,701209,000371,027262,500271,968295,500308,588294,200
       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
88,600
68,800
57,400
23,000
22,800
23,000
23,000
22,900
22,900
23,800
12,300
12,300
0
0
0
0
0
0
0
0
0
0
0
0000000000012,30012,30023,80022,90022,90023,00023,00022,80023,00057,40068,80088,60000000000000000000000000000000000000000000000000000000000000
       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
88,600
68,800
57,400
23,000
22,800
23,000
23,000
22,900
22,900
23,800
12,300
12,300
0
0
0
0
0
0
0
0
0
0
0
0000000000012,30012,30023,80022,90022,90023,00023,00022,80023,00057,40068,80088,60000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
86,113
0
71,101
0
83,391
0
75,222
67,600
23,200
21,200
30,970
85,800
53,300
62,900
60,400
60,900
52,300
62,000
36,000
60,700
52,500
62,000
37,800
62,700
50,100
57,900
29,800
63,900
43,800
44,500
25,200
64,300
56,400
62,100
55,400
94,800
76,600
79,200
52,400
108,800
89,000
96,300
54,300
108,600
82,400
87,700
53,700
104,400
87,500
86,200
44,500
108,100
88,900
86,900
46,600
102,500
67,400
62,900
35,800
66,400
68,100
64,500
26,900
59,800
35,100
28,000
20,600
57,900
34,900
33,500
20,700
34,300
32,100
27,400
19,600
30,200
36,300
32,000
25,700
33,100
30,100
30,10033,10025,70032,00036,30030,20019,60027,40032,10034,30020,70033,50034,90057,90020,60028,00035,10059,80026,90064,50068,10066,40035,80062,90067,400102,50046,60086,90088,900108,10044,50086,20087,500104,40053,70087,70082,400108,60054,30096,30089,000108,80052,40079,20076,60094,80055,40062,10056,40064,30025,20044,50043,80063,90029,80057,90050,10062,70037,80062,00052,50060,70036,00062,00052,30060,90060,40062,90053,30085,80030,97021,20023,20067,60075,222083,391071,101086,1130
       Other Current Liabilities 
0
63,943
0
54,537
0
66,715
0
58,500
139,400
87,500
103,300
36,581
0
0
0
0
0
0
0
29,000
2,600
1,900
2,300
27,300
1,900
1,200
1,800
27,300
1,700
1,300
1,100
25,000
1,700
5,700
1,600
31,600
1,600
1,900
1,900
41,900
2,300
3,700
500
41,600
200
200
800
36,600
2,000
4,500
3,700
37,300
9,500
8,600
2,500
45,800
3,100
10,100
4,000
24,000
4,800
3,400
2,900
18,300
9,000
8,700
8,200
3,700
0
100
100
2,400
1,200
1,300
1,300
1,900
1,000
400
300
2,600
7,100
2,500
2,5007,1002,6003004001,0001,9001,3001,3001,2002,40010010003,7008,2008,7009,00018,3002,9003,4004,80024,0004,00010,1003,10045,8002,5008,6009,50037,3003,7004,5002,00036,60080020020041,6005003,7002,30041,9001,9001,9001,60031,6001,6005,7001,70025,0001,1001,3001,70027,3001,8001,2001,90027,3002,3001,9002,60029,000000000036,581103,30087,500139,40058,500066,715054,537063,9430
   > 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
0
0
0
6,200
6,200
6,100
6,800
5,300
9,200
14,700
16,000
18,900
27,800
32,500
35,700
35,400
34,800
34,80035,40035,70032,50027,80018,90016,00014,7009,2005,3006,8006,1006,2006,20000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
700
700
700
400
300
300
1,300
100
3,800
2,800
100
100
100
300
300
300
200
6,300
6,500
1,600
1,400
2,200
1,600
1,400
1,500
2,100
2,400
2,500
2,000
2,500
2,200
2,200
1,800
1,600
1,300
1,300
2,200
800
600
600
300
400
200
100
100
100
0
200
200
100
300
1,100
1,200
6,500
6,800
5,100
5,300
5,400
5,600
6,500
5,100
5,100
5,200
6,500
6,200
6,600
6,600
9,800
31,800
9,900
9,90031,8009,8006,6006,6006,2006,5005,2005,1005,1006,5005,6005,4005,3005,1006,8006,5001,2001,10030010020020001001001002004003006006008002,2001,3001,3001,6001,8002,2002,2002,5002,0002,5002,4002,1001,5001,4001,6002,2001,4001,6006,5006,3002003003003001001001002,8003,8001001,300300300400700700700000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,100
0
0
0
3,100
0
0
0
3,000
0
0
0
2,500
0
0
0
2,400
0
0
0
2,900
0
0
002,9000002,4000002,5000003,0000003,1000002,10000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
270,500
234,638
230,400
239,731
236,600
233,518
210,300
194,021
189,600
387,400
376,200
376,803
348,000
351,800
350,700
332,000
319,200
318,800
324,100
277,100
272,700
272,800
269,300
266,100
266,400
270,600
276,400
279,400
271,300
274,200
281,200
322,000
311,800
316,900
318,800
323,000
306,000
316,100
325,200
331,700
318,600
318,200
325,900
326,300
310,900
316,900
325,800
330,600
314,500
318,400
330,100
325,300
326,600
337,400
342,000
350,000
317,500
302,500
304,700
313,200
293,500
294,900
303,900
264,000
243,000
248,200
254,700
264,800
248,700
253,600
263,600
271,300
270,500
255,300
263,200
269,500
279,800
267,500
274,500
280,700
273,900
254,800
254,800273,900280,700274,500267,500279,800269,500263,200255,300270,500271,300263,600253,600248,700264,800254,700248,200243,000264,000303,900294,900293,500313,200304,700302,500317,500350,000342,000337,400326,600325,300330,100318,400314,500330,600325,800316,900310,900326,300325,900318,200318,600331,700325,200316,100306,000323,000318,800316,900311,800322,000281,200274,200271,300279,400276,400270,600266,400266,100269,300272,800272,700277,100324,100318,800319,200332,000350,700351,800348,000376,803376,200387,400189,600194,021210,300233,518236,600239,731230,400234,638270,500
   Common Stock
0
27,776
0
27,776
0
27,776
0
27,776
0
0
0
27,776
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,800
27,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,80027,77600027,776027,776027,776027,7760
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000-19,800-19,800-19,800-19,800-19,800-19,800-19,800-19,800-19,900-19,900-20,400-20,400-20,400-20,400-20,400-20,400-20,400-20,400-20,400-20,400-20,500-20,500-20,500-20,500-20,500-20,100-19,800-19,500-18,600-17,800-17,800-17,800-17,800-16,800-18,600-18,500-18,500-19,300-19,400-19,300-18,200-17,800-17,800-17,900-14,800-12,600-11,400-11,400-11,400-11,400-11,400-600-5,00000000000000000
   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
-6,200
-6,800
-9,400
-10,000
-11,300
-10,800
-11,400
-11,700
-12,400
-7,700
-11,300
-10,500
-7,900
-11,000
-13,300
-13,800
-13,400
-9,600
-7,100
-6,900
-5,200
249,300
7,000
7,000249,300-5,200-6,900-7,100-9,600-13,400-13,800-13,300-11,000-7,900-10,500-11,300-7,700-12,400-11,700-11,400-10,800-11,300-10,000-9,400-6,800-6,20000000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.