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Salzgitter AG










Financial Health of Salzgitter AG




Comparing to competitors in the Steel industry




  Industry Rankings  


Salzgitter AG
Buy, Hold or Sell?

Should you buy, hold or sell Salzgitter AG?

I guess you are interested in Salzgitter AG. 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 Salzgitter AG

Let's start. I'm going to help you getting a better view of Salzgitter AG. 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 Salzgitter AG 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 Salzgitter AG is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Salzgitter AG. The closing price on 2022-12-02 was €28.44 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.
Salzgitter AG 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 less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

1.1. Profitability of Salzgitter AG.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Salzgitter AG to the Steel industry mean.
  • A Net Profit Margin of 12.5% means that €0.12 for each €1 in revenue is generated as profit.

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

  • The MRQ is 12.5%. The company is making a huge profit. +2
  • The TTM is 9.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ12.5%TTM9.2%+3.3%
TTM9.2%YOY0.6%+8.7%
TTM9.2%5Y1.8%+7.5%
5Y1.8%10Y0.3%+1.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ12.5%5.3%+7.2%
TTM9.2%6.0%+3.2%
YOY0.6%4.9%-4.3%
5Y1.8%3.5%-1.7%
10Y0.3%3.0%-2.7%
1.1.2. Return on Assets

Shows how efficient Salzgitter AG is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Salzgitter AG to the Steel industry mean.
  • 3.7% Return on Assets means that Salzgitter AG generated €0.04 profit for each $1 in assets.

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

  • The MRQ is 3.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.7%TTM2.7%+1.0%
TTM2.7%YOY0.2%+2.4%
TTM2.7%5Y0.6%+2.1%
5Y0.6%10Y0.1%+0.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7%1.5%+2.2%
TTM2.7%1.8%+0.9%
YOY0.2%1.4%-1.2%
5Y0.6%1.1%-0.5%
10Y0.1%0.9%-0.8%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Salzgitter AG to the Steel industry mean.
  • 8.7% Return on Equity means Salzgitter AG generated €0.09 for each €1 the owners (shareholders) invested.

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

  • The MRQ is 8.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.7%TTM7.2%+1.6%
TTM7.2%YOY0.7%+6.5%
TTM7.2%5Y1.5%+5.6%
5Y1.5%10Y0.4%+1.2%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ8.7%3.1%+5.6%
TTM7.2%3.6%+3.6%
YOY0.7%3.1%-2.4%
5Y1.5%2.3%-0.8%
10Y0.4%1.9%-1.5%

1.2. Operating Efficiency of Salzgitter AG.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Salzgitter AG is operating .

  • Measures how much profit Salzgitter AG 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 Salzgitter AG to the Steel industry mean.
  • An Operating Margin of 15.9% means the company generated €0.16  for each €1 in revenue (before taxes).

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

  • The MRQ is 15.9%. The company is operating efficient. +1
  • The TTM is 11.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ15.9%TTM11.7%+4.2%
TTM11.7%YOY3.4%+8.3%
TTM11.7%5Y3.5%+8.2%
5Y3.5%10Y2.0%+1.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ15.9%6.7%+9.2%
TTM11.7%6.8%+4.9%
YOY3.4%6.8%-3.4%
5Y3.5%5.1%-1.6%
10Y2.0%3.5%-1.5%
1.2.2. Operating Ratio

Measures how efficient Salzgitter AG is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 0.85 means that the operating costs are €0.85 for each €1 in net sales.

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

  • The MRQ is 0.849. The company is less efficient in keeping operating costs low.
  • The TTM is 0.900. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.849TTM0.900-0.051
TTM0.900YOY0.998-0.098
TTM0.9005Y0.979-0.079
5Y0.97910Y0.990-0.011
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8491.701-0.852
TTM0.9001.659-0.759
YOY0.9981.632-0.634
5Y0.9791.547-0.568
10Y0.9901.296-0.306

1.3. Liquidity of Salzgitter AG.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 1.80 means the company has €1.80 in assets for each €1 in short-term debts.

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

  • The MRQ is 1.804. The company is able to pay all its short-term debts. +1
  • The TTM is 1.737. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.804TTM1.737+0.067
TTM1.737YOY1.938-0.201
TTM1.7375Y2.040-0.303
5Y2.04010Y2.148-0.108
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8041.669+0.135
TTM1.7371.499+0.238
YOY1.9381.414+0.524
5Y2.0401.370+0.670
10Y2.1481.133+1.015
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Salzgitter AG to the Steel industry mean.
  • A Quick Ratio of 0.87 means the company can pay off €0.87 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 0.873. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.871. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.873TTM0.871+0.002
TTM0.871YOY1.046-0.175
TTM0.8715Y0.790+0.081
5Y0.79010Y0.622+0.168
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8730.611+0.262
TTM0.8710.544+0.327
YOY1.0460.566+0.480
5Y0.7900.520+0.270
10Y0.6220.483+0.139

1.4. Solvency of Salzgitter AG.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Salzgitter AG assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Salzgitter AG to Steel industry mean.
  • A Debt to Asset Ratio of 0.58 means that Salzgitter AG assets are financed with 57.8% credit (debt) and the remaining percentage (100% - 57.8%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.578. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.633. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.578TTM0.633-0.055
TTM0.633YOY0.671-0.037
TTM0.6335Y0.648-0.015
5Y0.64810Y0.644+0.004
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5780.501+0.077
TTM0.6330.487+0.146
YOY0.6710.501+0.170
5Y0.6480.508+0.140
10Y0.6440.509+0.135
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Salzgitter AG to the Steel industry mean.
  • A Debt to Equity ratio of 137.3% means that company has €1.37 debt for each €1 in shareholders equity.

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

  • The MRQ is 1.373. The company is able to pay all its debts with equity. +1
  • The TTM is 1.757. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.373TTM1.757-0.383
TTM1.757YOY2.043-0.287
TTM1.7575Y1.859-0.102
5Y1.85910Y1.834+0.024
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3730.999+0.374
TTM1.7570.965+0.792
YOY2.0431.057+0.986
5Y1.8591.087+0.772
10Y1.8341.204+0.630

2. Market Valuation of Salzgitter AG

2. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Salzgitter AG to the Steel industry mean.
  • A PE ratio of 3.06 means the investor is paying €3.06 for every €1 in earnings.

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

  • The EOD is 3.747. Very good. +2
  • The MRQ is 3.059. Very good. +2
  • The TTM is 9.128. Very good. +2
Trends
Current periodCompared to+/- 
EOD3.747MRQ3.059+0.688
MRQ3.059TTM9.128-6.069
TTM9.128YOY-4.100+13.229
TTM9.1285Y-31.478+40.606
5Y-31.47810Y-335.784+304.305
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD3.74720.013-16.266
MRQ3.05920.429-17.370
TTM9.12823.306-14.178
YOY-4.10022.581-26.681
5Y-31.47826.674-58.152
10Y-335.78421.870-357.654
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Salzgitter AG.

  • 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 Salzgitter AG:

  • The MRQ is 5.564. Seems overpriced? -1
  • The TTM is 11.123. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ5.564TTM11.123-5.559
TTM11.123YOY-83.391+94.513
TTM11.1235Y15.615-4.492
5Y15.61510Y24.309-8.695
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ5.5640.120+5.444
TTM11.1230.032+11.091
YOY-83.3910.138-83.529
5Y15.6150.075+15.540
10Y24.3090.084+24.225

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

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

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 0.27 means the investor is paying €0.27 for each €1 in book value.

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

  • The EOD is 0.326. Very good. +2
  • The MRQ is 0.266. Very good. +2
  • The TTM is 0.597. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.326MRQ0.266+0.060
MRQ0.266TTM0.597-0.330
TTM0.597YOY0.423+0.174
TTM0.5975Y0.518+0.079
5Y0.51810Y0.520-0.002
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD0.3260.862-0.536
MRQ0.2660.913-0.647
TTM0.5971.090-0.493
YOY0.4231.019-0.596
5Y0.5180.890-0.372
10Y0.5200.677-0.157
2. Total Gains per Share

2.4. Latest News of Salzgitter AG

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

DateTitleRead
2022-11-17
05:23
Salzgitter Third Quarter 2022 Earnings: Beats ExpectationsRead

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Salzgitter AG 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--49.8827.929+529%0.939+5214%1.827+2631%0.348+14239%
Book Value Growth--0.1040.058+79%-0.035+134%-0.028+127%-0.050+148%
Book Value Per Share--87.15561.849+41%51.463+69%55.564+57%55.924+56%
Book Value Per Share Growth--0.5720.004+14521%0.016+3422%0.004+13776%-0.008+101%
Current Ratio--1.8041.737+4%1.938-7%2.040-12%2.148-16%
Debt To Asset Ratio--0.5780.633-9%0.671-14%0.648-11%0.644-10%
Debt To Equity Ratio--1.3731.757-22%2.043-33%1.859-26%1.834-25%
Dividend Per Share--0.7510.657+14%-+100%0.237+217%0.119+533%
Dividend Per Share Growth--0.4970.127+292%--0.195+155%0.195+155%
Eps--7.5904.387+73%0.443+1611%0.963+688%0.230+3197%
Eps Growth--0.5500.068+709%1.020-46%-2.460+547%13.171-96%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Net Profit Margin--0.1250.092+35%0.006+2105%0.018+608%0.003+4082%
Operating Margin--0.1590.117+36%0.034+371%0.035+354%0.020+697%
Operating Ratio--0.8490.900-6%0.998-15%0.979-13%0.990-14%
Pb Ratio0.326+18%0.2660.597-55%0.423-37%0.518-49%0.520-49%
Pe Ratio3.747+18%3.0599.128-66%-4.100+234%-31.478+1129%-335.784+11075%
Peg Ratio--5.56411.123-50%-83.391+1599%15.615-64%24.309-77%
Price Per Share28.440+18%23.22031.535-26%21.880+6%27.830-17%28.489-18%
Price To Total Gains Ratio0.562+18%0.4594.955-91%9.470-95%110.065-100%46.499-99%
Profit Growth--5.749-1.439+125%107.273-95%-247.955+4413%1391.745-100%
Quick Ratio--0.8730.871+0%1.046-17%0.790+11%0.622+40%
Return On Assets--0.0370.027+37%0.002+1471%0.006+521%0.001+2608%
Return On Equity--0.0870.072+22%0.007+1158%0.015+467%0.004+2248%
Revenue Growth---0.0730.030-340%0.055-233%-0.039-46%-0.053-27%
Total Gains Per Share--50.6328.587+490%0.939+5294%2.064+2353%0.466+10757%
Total Gains Per Share Growth--1.482-0.338+123%1.353+10%1.120+32%0.540+174%
Usd Book Value--4961485000.0004045810000.000+23%2932186062.500+69%3329389037.500+49%3281218743.750+51%
Usd Book Value Change Per Share--52.5008.346+529%0.988+5214%1.923+2631%0.366+14239%
Usd Book Value Per Share--91.73165.096+41%54.164+69%58.481+57%58.860+56%
Usd Dividend Per Share--0.7900.692+14%-+100%0.249+217%0.125+533%
Usd Eps--7.9884.617+73%0.467+1611%1.014+688%0.242+3197%
Usd Price Per Share29.933+18%24.43933.191-26%23.029+6%29.291-17%29.985-18%
Usd Profit--432051250.000297831187.500+45%25312625.000+1607%65423400.000+560%18466112.500+2240%
Usd Revenue--3459251750.0003149211562.500+10%2077477125.000+67%2404683587.500+44%2368351287.500+46%
Usd Total Gains Per Share--53.2919.037+490%0.988+5294%2.172+2353%0.491+10757%
 EOD+2 -3MRQTTM+32 -3YOY+25 -95Y+30 -510Y+28 -7

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.747
Price to Book Ratio (EOD)Between0-10.326
Net Profit Margin (MRQ)Greater than00.125
Operating Margin (MRQ)Greater than00.159
Quick Ratio (MRQ)Greater than10.873
Current Ratio (MRQ)Greater than11.804
Debt to Asset Ratio (MRQ)Less than10.578
Debt to Equity Ratio (MRQ)Less than11.373
Return on Equity (MRQ)Greater than0.150.087
Return on Assets (MRQ)Greater than0.050.037
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose27.800
Total0/1 (0.0%)



Latest Balance Sheet

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

Summary
Total Assets11,175,000
Total Liabilities6,461,000
Total Stockholder Equity4,705,000
 As reported
Total Liabilities 6,461,000
Total Stockholder Equity+ 4,705,000
Total Assets = 11,175,000

Assets

Total Assets11,175,000
Total Current Assets7,076,500
Long-term Assets7,076,500
Total Current Assets
Cash And Cash Equivalents 684,600
Net Receivables 2,740,000
Inventory 3,651,900
Total Current Assets  (as reported)7,076,500
Total Current Assets  (calculated)7,076,500
+/-0
Long-term Assets
Property Plant Equipment 2,066,700
Intangible Assets 213,900
Long-term Assets Other 1,565,000
Long-term Assets  (as reported)4,098,600
Long-term Assets  (calculated)3,845,600
+/- 253,000

Liabilities & Shareholders' Equity

Total Current Liabilities3,922,200
Long-term Liabilities2,538,800
Total Stockholder Equity4,705,000
Total Current Liabilities
Accounts payable 1,618,000
Other Current Liabilities 2,239,100
Total Current Liabilities  (as reported)3,922,200
Total Current Liabilities  (calculated)3,857,100
+/- 65,100
Long-term Liabilities
Long term Debt Total 618,800
Other Liabilities 1,920,000
Long-term Liabilities  (as reported)2,538,800
Long-term Liabilities  (calculated)2,538,800
+/-0
Total Stockholder Equity
Retained Earnings 4,505,000
Capital Surplus 257,000
Total Stockholder Equity (as reported)4,705,000
Total Stockholder Equity (calculated)4,762,000
+/- 57,000
Other
Capital Stock161,600
Cash And Equivalents684,600
Cash and Short Term Investments 684,600
Common Stock Shares Outstanding 54,084
Liabilities and Stockholders Equity 11,166,000
Net Debt -684,600
Net Invested Capital 4,705,000
Net Tangible Assets 4,491,100
Net Working Capital 3,154,300



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
8,051,500
8,320,400
8,438,700
8,365,000
8,688,700
8,823,800
8,852,600
8,936,500
8,800,000
9,210,800
9,280,100
9,118,900
8,929,700
9,011,500
8,573,300
8,335,500
8,060,700
8,390,100
8,365,600
8,577,900
8,492,900
8,698,800
8,570,400
8,474,100
8,284,100
8,333,500
8,387,100
8,360,000
8,449,800
8,635,700
8,611,500
8,600,900
8,317,800
8,407,700
8,481,700
8,562,000
8,756,900
9,016,600
9,269,100
9,089,300
8,617,200
8,429,800
8,124,300
7,989,900
8,237,400
8,599,500
9,000,700
9,542,200
10,254,900
10,764,800
11,175,000
11,175,00010,764,80010,254,9009,542,2009,000,7008,599,5008,237,4007,989,9008,124,3008,429,8008,617,2009,089,3009,269,1009,016,6008,756,9008,562,0008,481,7008,407,7008,317,8008,600,9008,611,5008,635,7008,449,8008,360,0008,387,1008,333,5008,284,1008,474,1008,570,4008,698,8008,492,9008,577,9008,365,6008,390,1008,060,7008,335,5008,573,3009,011,5008,929,7009,118,9009,280,1009,210,8008,800,0008,936,5008,852,6008,823,8008,688,7008,365,0008,438,7008,320,4008,051,500000
   > Total Current Assets 
0
0
0
4,867,800
5,088,800
5,137,200
4,990,700
5,241,500
5,393,900
5,402,500
5,394,400
5,124,700
5,497,600
5,560,900
5,372,600
5,137,400
5,197,400
5,045,200
4,825,300
4,542,100
4,825,100
4,808,300
4,986,100
4,917,800
5,155,000
5,047,300
4,895,200
4,633,700
4,639,900
4,657,900
4,626,400
4,750,300
4,871,400
4,828,400
4,831,900
4,751,900
4,821,500
4,859,800
4,902,800
4,921,000
4,934,100
5,150,300
4,929,600
4,518,200
4,405,000
3,996,300
3,801,100
3,992,900
4,393,700
4,771,700
5,262,200
6,004,700
6,576,900
7,076,500
7,076,5006,576,9006,004,7005,262,2004,771,7004,393,7003,992,9003,801,1003,996,3004,405,0004,518,2004,929,6005,150,3004,934,1004,921,0004,902,8004,859,8004,821,5004,751,9004,831,9004,828,4004,871,4004,750,3004,626,4004,657,9004,639,9004,633,7004,895,2005,047,3005,155,0004,917,8004,986,1004,808,3004,825,1004,542,1004,825,3005,045,2005,197,4005,137,4005,372,6005,560,9005,497,6005,124,7005,394,4005,402,5005,393,9005,241,5004,990,7005,137,2005,088,8004,867,800000
       Cash And Cash Equivalents 
0
0
0
1,793,000
1,566,100
1,591,900
1,276,200
1,574,300
1,361,700
1,278,700
933,800
946,200
1,068,700
806,900
788,500
878,600
718,100
746,100
746,300
777,000
466,600
724,700
869,100
774,000
666,600
638,300
775,300
836,200
600,900
741,200
648,100
818,100
686,700
531,200
636,600
679,400
624,000
528,600
511,600
555,600
444,300
663,200
455,300
700,500
464,500
401,500
339,000
621,400
578,400
544,600
360,200
741,800
668,200
684,600
684,600668,200741,800360,200544,600578,400621,400339,000401,500464,500700,500455,300663,200444,300555,600511,600528,600624,000679,400636,600531,200686,700818,100648,100741,200600,900836,200775,300638,300666,600774,000869,100724,700466,600777,000746,300746,100718,100878,600788,500806,9001,068,700946,200933,8001,278,7001,361,7001,574,3001,276,2001,591,9001,566,1001,793,000000
       Short-term Investments 
0
0
0
159,500
312,900
288,800
355,800
377,500
378,600
142,500
76,800
77,000
167,300
325,500
406,800
132,500
149,600
81,900
115,300
98,400
100,100
63,700
62,000
294,100
85,100
122,000
53,500
304,900
59,900
108,800
132,100
82,300
79,300
78,800
78,900
76,600
70,600
69,600
68,600
67,400
68,600
70,200
50,300
50,900
45,700
38,900
39,600
0
50,000
49,900
49,800
49,700
49,600
0
049,60049,70049,80049,90050,000039,60038,90045,70050,90050,30070,20068,60067,40068,60069,60070,60076,60078,90078,80079,30082,300132,100108,80059,900304,90053,500122,00085,100294,10062,00063,700100,10098,400115,30081,900149,600132,500406,800325,500167,30077,00076,800142,500378,600377,500355,800288,800312,900159,500000
       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
1,437,600
1,604,400
1,609,900
1,519,100
1,797,600
1,505,200
1,544,400
1,436,100
1,871,200
1,994,700
2,155,300
2,089,500
2,766,000
2,740,000
2,740,0002,766,0002,089,5002,155,3001,994,7001,871,2001,436,1001,544,4001,505,2001,797,6001,519,1001,609,9001,604,4001,437,6000000000000000000000000000000000000000000
       Other Current Assets 
0
0
0
1,449,700
1,703,600
1,666,900
1,685,600
1,559,600
1,836,700
1,959,000
2,184,600
1,995,700
2,165,600
2,297,600
2,109,500
2,085,000
2,314,600
2,291,000
2,103,300
1,780,500
2,223,200
2,053,000
2,096,200
1,899,800
2,358,800
2,273,700
2,166,000
1,709,900
2,211,800
2,119,400
2,145,800
2,023,900
2,232,800
2,173,800
2,105,500
1,935,800
2,051,100
2,109,300
2,097,500
1,988,000
2,079,300
2,075,700
2,076,200
1,533,200
1,797,500
1,508,900
1,551,200
1,451,800
1,872,800
1,996,100
2,155,400
2,110,000
2,766,000
2,740,000
2,740,0002,766,0002,110,0002,155,4001,996,1001,872,8001,451,8001,551,2001,508,9001,797,5001,533,2002,076,2002,075,7002,079,3001,988,0002,097,5002,109,3002,051,1001,935,8002,105,5002,173,8002,232,8002,023,9002,145,8002,119,4002,211,8001,709,9002,166,0002,273,7002,358,8001,899,8002,096,2002,053,0002,223,2001,780,5002,103,3002,291,0002,314,6002,085,0002,109,5002,297,6002,165,6001,995,7002,184,6001,959,0001,836,7001,559,6001,685,6001,666,9001,703,6001,449,700000
   > Long-term Assets 
0
0
0
3,183,700
3,231,600
3,301,500
3,374,300
3,447,200
3,429,900
3,450,100
3,542,100
3,675,300
3,713,200
3,719,200
3,746,300
3,792,300
3,814,100
3,528,100
3,510,200
3,518,600
3,565,000
3,557,300
3,591,800
3,575,100
3,543,800
3,523,100
3,578,900
3,650,400
3,693,600
3,729,200
3,733,600
3,699,500
3,764,300
3,783,100
3,769,000
3,565,900
3,586,200
3,621,900
3,659,200
3,835,900
4,082,500
4,118,800
4,159,700
4,099,000
4,024,800
4,128,000
4,188,800
4,244,500
4,205,800
4,229,000
4,280,000
4,250,100
4,187,900
4,098,600
4,098,6004,187,9004,250,1004,280,0004,229,0004,205,8004,244,5004,188,8004,128,0004,024,8004,099,0004,159,7004,118,8004,082,5003,835,9003,659,2003,621,9003,586,2003,565,9003,769,0003,783,1003,764,3003,699,5003,733,6003,729,2003,693,6003,650,4003,578,9003,523,1003,543,8003,575,1003,591,8003,557,3003,565,0003,518,6003,510,2003,528,1003,814,1003,792,3003,746,3003,719,2003,713,2003,675,3003,542,1003,450,1003,429,9003,447,2003,374,3003,301,5003,231,6003,183,700000
       Property Plant Equipment 
0
0
0
2,423,500
2,457,500
2,507,500
2,567,400
2,529,200
2,523,800
2,541,500
2,560,000
2,533,600
2,525,000
2,522,800
2,535,100
2,519,700
2,506,500
2,303,000
2,300,400
2,283,200
2,407,000
2,382,700
2,435,800
2,387,300
2,381,600
2,369,400
2,370,500
2,405,000
2,368,600
2,339,900
2,320,200
2,343,400
2,314,400
2,275,100
2,259,200
2,214,800
2,198,500
2,183,900
2,185,000
2,120,500
2,237,300
2,245,300
2,289,900
2,131,400
2,145,000
2,178,400
2,177,700
2,200,500
2,206,600
2,209,000
2,237,000
2,051,400
2,049,700
2,066,700
2,066,7002,049,7002,051,4002,237,0002,209,0002,206,6002,200,5002,177,7002,178,4002,145,0002,131,4002,289,9002,245,3002,237,3002,120,5002,185,0002,183,9002,198,5002,214,8002,259,2002,275,1002,314,4002,343,4002,320,2002,339,9002,368,6002,405,0002,370,5002,369,4002,381,6002,387,3002,435,8002,382,7002,407,0002,283,2002,300,4002,303,0002,506,5002,519,7002,535,1002,522,8002,525,0002,533,6002,560,0002,541,5002,523,8002,529,2002,567,4002,507,5002,457,5002,423,500000
       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
1,061,400
1,083,400
1,100,000
1,137,600
0
0
0
0
0
0
0
0
0
0
00000000001,137,6001,100,0001,083,4001,061,4000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
123,800
122,500
122,700
121,500
121,800
119,500
121,100
120,700
120,800
117,300
114,300
0
112,300
0
0
0
113,200
0
0
0
106,300
0
0
0
156,600
0
0
0
223,300
0
0
0
218,500
0
0
0
219,400
214,900
211,900
209,700
211,600
207,000
207,100
209,300
223,100
216,900
215,000
213,900
216,500
213,600
213,900
213,900213,600216,500213,900215,000216,900223,100209,300207,100207,000211,600209,700211,900214,900219,400000218,500000223,300000156,600000106,300000113,200000112,3000114,300117,300120,800120,700121,100119,500121,800121,500122,700122,500123,800000
       Other 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
568,900
447,600
435,700
1,006,100
570,500
586,000
631,900
953,600
590,300
568,500
554,500
8,500,300
551,200
405,100
405,100551,2008,500,300554,500568,500590,300953,600631,900586,000570,5001,006,100435,700447,600568,9000000000000000000000000000000000000000000
> Total Liabilities 
0
0
0
4,147,200
4,419,100
4,530,700
4,483,500
4,842,800
4,988,300
4,971,400
5,016,900
4,800,200
5,235,600
5,318,700
5,193,700
5,286,200
5,374,900
5,263,700
5,103,900
4,873,800
5,215,500
5,217,500
5,429,000
5,617,400
6,010,000
5,601,700
5,512,600
5,391,300
5,557,200
5,733,600
5,731,700
5,597,900
5,745,000
5,768,900
5,727,300
5,328,100
5,304,100
5,405,800
5,442,600
5,424,900
5,685,300
6,039,600
6,107,900
5,678,900
5,453,300
5,328,900
5,358,200
5,558,500
5,764,900
6,002,200
6,248,300
6,897,900
6,753,700
6,461,000
6,461,0006,753,7006,897,9006,248,3006,002,2005,764,9005,558,5005,358,2005,328,9005,453,3005,678,9006,107,9006,039,6005,685,3005,424,9005,442,6005,405,8005,304,1005,328,1005,727,3005,768,9005,745,0005,597,9005,731,7005,733,6005,557,2005,391,3005,512,6005,601,7006,010,0005,617,4005,429,0005,217,5005,215,5004,873,8005,103,9005,263,7005,374,9005,286,2005,193,7005,318,7005,235,6004,800,2005,016,9004,971,4004,988,3004,842,8004,483,5004,530,7004,419,1004,147,200000
   > Total Current Liabilities 
0
0
0
1,594,500
1,893,100
1,995,100
1,910,000
1,809,500
1,976,100
1,969,600
2,020,400
1,756,800
2,206,600
2,287,800
2,192,900
1,947,200
2,048,700
1,948,000
1,846,000
1,930,900
2,175,000
2,168,700
2,397,700
2,502,000
2,738,700
2,435,300
2,108,500
2,125,500
1,972,500
1,964,900
1,956,300
2,339,700
2,466,500
2,512,900
2,473,100
2,006,500
2,099,600
2,124,500
2,167,300
2,389,200
2,395,200
2,243,000
2,284,500
2,225,300
2,141,500
1,764,700
1,704,500
2,082,100
2,422,700
2,662,000
2,989,600
3,650,700
3,781,600
3,922,200
3,922,2003,781,6003,650,7002,989,6002,662,0002,422,7002,082,1001,704,5001,764,7002,141,5002,225,3002,284,5002,243,0002,395,2002,389,2002,167,3002,124,5002,099,6002,006,5002,473,1002,512,9002,466,5002,339,7001,956,3001,964,9001,972,5002,125,5002,108,5002,435,3002,738,7002,502,0002,397,7002,168,7002,175,0001,930,9001,846,0001,948,0002,048,7001,947,2002,192,9002,287,8002,206,6001,756,8002,020,4001,969,6001,976,1001,809,5001,910,0001,995,1001,893,1001,594,500000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
149,000
156,500
149,500
110,100
394,300
451,600
481,900
508,700
425,100
564,500
579,800
270,800
155,800
284,500
304,100
300,000
493,600
504,000
493,500
489,800
237,800
245,700
236,500
259,500
426,800
419,300
492,200
320,100
430,100
444,100
287,000
0
488,300
0
0
0
893,200
0
0
00893,200000488,3000287,000444,100430,100320,100492,200419,300426,800259,500236,500245,700237,800489,800493,500504,000493,600300,000304,100284,500155,800270,800579,800564,500425,100508,700481,900451,600394,300110,100149,500156,500149,000000000000000000
       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
419,300
492,200
320,100
281,900
0
0
0
463,300
0
0
0
872,600
0
0
00872,600000463,300000281,900320,100492,200419,3000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
541,300
688,400
813,600
691,800
713,300
797,700
833,900
863,400
800,500
966,000
1,135,800
1,103,300
876,200
986,100
995,500
930,000
757,900
973,900
916,800
1,022,800
1,150,700
1,231,200
1,010,600
919,000
975,700
912,300
932,000
898,700
1,154,500
1,223,600
1,231,000
1,192,700
1,169,000
1,103,000
1,134,100
1,172,400
1,130,200
1,101,900
1,002,200
1,022,600
915,200
954,800
785,000
711,600
802,400
1,020,200
1,231,400
1,440,300
1,728,900
1,642,500
1,618,000
1,618,0001,642,5001,728,9001,440,3001,231,4001,020,200802,400711,600785,000954,800915,2001,022,6001,002,2001,101,9001,130,2001,172,4001,134,1001,103,0001,169,0001,192,7001,231,0001,223,6001,154,500898,700932,000912,300975,700919,0001,010,6001,231,2001,150,7001,022,800916,800973,900757,900930,000995,500986,100876,2001,103,3001,135,800966,000800,500863,400833,900797,700713,300691,800813,600688,400541,300000
       Other Current Liabilities 
0
0
0
1,053,200
1,204,700
1,181,500
1,218,200
1,096,200
1,178,400
1,135,700
1,157,000
956,300
1,240,600
1,152,000
1,089,600
922,000
906,100
803,000
805,900
778,700
749,500
770,000
866,200
926,200
943,000
844,900
918,700
994,000
775,700
728,800
757,600
691,600
738,900
788,400
790,600
599,700
750,900
753,900
735,400
832,200
874,000
748,600
941,800
880,000
742,600
692,700
992,900
791,400
1,402,500
1,430,600
1,525,700
1,028,600
2,070,300
2,239,100
2,239,1002,070,3001,028,6001,525,7001,430,6001,402,500791,400992,900692,700742,600880,000941,800748,600874,000832,200735,400753,900750,900599,700790,600788,400738,900691,600757,600728,800775,700994,000918,700844,900943,000926,200866,200770,000749,500778,700805,900803,000906,100922,0001,089,6001,152,0001,240,600956,3001,157,0001,135,7001,178,4001,096,2001,218,2001,181,5001,204,7001,053,200000
   > Long-term Liabilities 
0
0
0
2,552,700
2,526,000
2,535,600
2,573,500
3,033,300
3,012,200
3,001,800
2,996,500
3,043,400
3,029,000
3,030,900
3,000,800
3,339,000
3,326,200
3,315,700
3,257,900
2,942,900
3,040,500
3,048,800
3,031,300
3,115,400
3,271,300
3,166,400
3,404,100
3,265,800
3,584,700
3,768,700
3,775,400
3,258,200
3,278,500
3,256,000
3,254,200
3,321,600
3,204,500
3,281,300
3,275,300
3,035,700
3,290,100
3,796,600
3,823,400
3,453,600
3,311,800
3,564,200
3,653,700
3,476,400
3,342,200
3,340,200
3,258,700
3,247,200
2,972,100
2,538,800
2,538,8002,972,1003,247,2003,258,7003,340,2003,342,2003,476,4003,653,7003,564,2003,311,8003,453,6003,823,4003,796,6003,290,1003,035,7003,275,3003,281,3003,204,5003,321,6003,254,2003,256,0003,278,5003,258,2003,775,4003,768,7003,584,7003,265,8003,404,1003,166,4003,271,3003,115,4003,031,3003,048,8003,040,5002,942,9003,257,9003,315,7003,326,2003,339,0003,000,8003,030,9003,029,0003,043,4002,996,5003,001,8003,012,2003,033,3002,573,5002,535,6002,526,0002,552,700000
       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
806,100
801,000
637,100
652,400
808,500
806,700
749,400
739,200
737,300
727,300
621,500
623,100
618,800
618,800623,100621,500727,300737,300739,200749,400806,700808,500652,400637,100801,000806,10000000000000000000000000000000000000000000
       Other 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
2,902,200
2,990,700
3,022,400
2,816,500
2,659,400
2,755,700
2,847,000
2,727,000
2,603,000
2,602,900
2,531,400
2,625,700
2,349,000
1,920,000
1,920,0002,349,0002,625,7002,531,4002,602,9002,603,0002,727,0002,847,0002,755,7002,659,4002,816,5003,022,4002,990,7002,902,2000000000000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
3,891,300
3,887,000
3,894,900
3,867,600
3,835,300
3,824,800
3,869,500
3,910,100
3,990,800
3,964,800
3,949,600
3,916,300
3,635,300
3,627,400
3,302,200
3,223,600
3,178,800
3,165,700
3,140,900
3,140,700
2,867,700
2,679,800
2,958,300
2,952,900
2,884,700
2,767,400
2,646,500
2,620,300
2,844,800
2,881,900
2,834,700
2,864,800
2,981,600
3,094,400
3,068,000
3,110,300
3,322,900
3,320,600
3,220,700
2,971,200
2,929,000
2,966,000
2,788,400
2,623,500
2,669,800
2,823,800
2,989,500
3,283,300
3,346,300
3,999,200
4,705,000
4,705,0003,999,2003,346,3003,283,3002,989,5002,823,8002,669,8002,623,5002,788,4002,966,0002,929,0002,971,2003,220,7003,320,6003,322,9003,110,3003,068,0003,094,4002,981,6002,864,8002,834,7002,881,9002,844,8002,620,3002,646,5002,767,4002,884,7002,952,9002,958,3002,679,8002,867,7003,140,7003,140,9003,165,7003,178,8003,223,6003,302,2003,627,4003,635,3003,916,3003,949,6003,964,8003,990,8003,910,1003,869,5003,824,8003,835,3003,867,6003,894,9003,887,0003,891,300000
   Common Stock
0
0
0
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600
161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600161,600000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000-7,488,500000-7,351,900000-6,996,100000-6,738,200000-6,502,800000-6,428,200000-6,233,500000-5,658,300000-5,235,400000000000000000
   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
257,000
257,000
257,000
257,000
257,000
257,000
257,000
257,000
257,000
257,000
257,000
257,000
257,000
257,000257,000257,000257,000257,000257,000257,000257,000257,000257,000257,000257,000257,00000000000000000000000000000000000000000000
   Treasury Stock00-369,700-369,700-369,700-369,700-369,700-369,700-369,700-369,700-369,700-369,700-369,70000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
-120,800
-105,700
-120,900
-131,100
-131,100
-131,100
-131,100
-131,100
-131,000
-131,100
-131,100
-131,000
5,104,300
-131,000
-131,000
-131,000
5,527,200
-131,000
-131,100
-131,100
6,102,400
-131,100
-112,500
-112,600
6,296,400
-116,100
-98,100
-79,400
6,461,500
-51,600
-96,800
-114,100
6,676,500
-90,100
-70,000
-76,700
6,943,300
-32,500
-40,500
-79,000
7,262,100
-118,100
-111,900
-96,400
7,402,200
-88,200
-75,000
-19,000
-30,800
50,300
38,400
38,40050,300-30,800-19,000-75,000-88,2007,402,200-96,400-111,900-118,1007,262,100-79,000-40,500-32,5006,943,300-76,700-70,000-90,1006,676,500-114,100-96,800-51,6006,461,500-79,400-98,100-116,1006,296,400-112,600-112,500-131,1006,102,400-131,100-131,100-131,0005,527,200-131,000-131,000-131,0005,104,300-131,000-131,100-131,100-131,000-131,100-131,100-131,100-131,100-131,100-120,900-105,700-120,800000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.