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Tecnotree Oyj
Buy, Hold or Sell?

I guess you are interested in Tecnotree Oyj. 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 Tecnotree

Let's start. I'm going to help you getting a better view of Tecnotree Oyj. 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 Tecnotree Oyj 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 Tecnotree Oyj is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Tecnotree Oyj. The closing price on 2022-10-03 was €0.4308 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.
Tecnotree Oyj Daily Candlestick Chart


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge 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 very efficient.
The company is efficient 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 Tecnotree Oyj.

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 Tecnotree earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Tecnotree to the Software-Application industry mean.
  • A Net Profit Margin of 22.2% means that €0.22 for each €1 in revenue is generated as profit.

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

  • The MRQ is 21.9%. The company is making a huge profit. +2
  • The TTM is 22.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ21.9%TTM22.2%-0.3%
TTM22.2%YOY28.4%-6.2%
TTM22.2%5Y9.7%+12.5%
5Y9.7%10Y6.1%+3.6%
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ21.9%-7.1%+29.0%
TTM22.2%-6.7%+28.9%
YOY28.4%-4.0%+32.4%
5Y9.7%-7.0%+16.7%
10Y6.1%-7.4%+13.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Tecnotree to the Software-Application industry mean.
  • 4.8% Return on Assets means that Tecnotree generated €0.05 profit for each $1 in assets.

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

  • The MRQ is 4.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.4%TTM4.8%-0.4%
TTM4.8%YOY7.6%-2.8%
TTM4.8%5Y1.8%+3.0%
5Y1.8%10Y1.3%+0.5%
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ4.4%-0.5%+4.9%
TTM4.8%-0.8%+5.6%
YOY7.6%-0.4%+8.0%
5Y1.8%-1.1%+2.9%
10Y1.3%-1.0%+2.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Tecnotree to the Software-Application industry mean.
  • 5.4% Return on Equity means the company generated €0.05 for each €1 the owners (shareholders) invested.

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

  • The MRQ is 5.4%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.8%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.4%TTM5.8%-0.4%
TTM5.8%YOY19.1%-13.3%
TTM5.8%5Y21.2%-15.3%
5Y21.2%10Y12.3%+8.9%
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ5.4%-0.4%+5.8%
TTM5.8%-1.0%+6.8%
YOY19.1%0.2%+18.9%
5Y21.2%-1.5%+22.7%
10Y12.3%-1.8%+14.1%

1.2. Operating Efficiency of Tecnotree Oyj.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Tecnotree is operating .

  • Measures how much profit Tecnotree 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 Tecnotree to the Software-Application industry mean.
  • An Operating Margin of 29.0% means the company generated €0.29  for each €1 in revenue (before taxes).

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

  • The MRQ is 29.0%. The company is operating very efficient. +2
  • The TTM is 29.5%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ29.0%TTM29.5%-0.5%
TTM29.5%YOY37.7%-8.2%
TTM29.5%5Y26.1%+3.4%
5Y26.1%10Y12.1%+14.0%
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ29.0%-7.6%+36.6%
TTM29.5%-4.0%+33.5%
YOY37.7%-2.2%+39.9%
5Y26.1%-5.8%+31.9%
10Y12.1%-5.5%+17.6%
1.2.2. Operating Ratio

Measures how efficient Tecnotree is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software-Application industry mean).
  • An Operation Ratio of 0.79 means that the operating costs are €0.79 for each €1 in net sales.

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

  • The MRQ is 0.787. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.739. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.787TTM0.739+0.048
TTM0.739YOY0.670+0.069
TTM0.7395Y0.782-0.043
5Y0.78210Y0.548+0.234
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7871.401-0.614
TTM0.7391.280-0.541
YOY0.6701.178-0.508
5Y0.7821.213-0.431
10Y0.5481.154-0.606

1.3. Liquidity of Tecnotree Oyj.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Software-Application industry mean).
  • A Current Ratio of 5.53 means the company has €5.53 in assets for each €1 in short-term debts.

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

  • The MRQ is 5.525. The company is very able to pay all its short-term debts. +2
  • The TTM is 6.173. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ5.525TTM6.173-0.648
TTM6.173YOY3.741+2.432
TTM6.1735Y3.334+2.839
5Y3.33410Y1.878+1.457
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ5.5251.783+3.742
TTM6.1731.863+4.310
YOY3.7411.864+1.877
5Y3.3341.864+1.470
10Y1.8781.752+0.126
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy (always compare to Software-Application industry mean)
  • A Quick Ratio of 4.53 means the company can pay off €4.53 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 4.525. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 4.650. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ4.525TTM4.650-0.125
TTM4.650YOY2.959+1.690
TTM4.6505Y2.486+2.164
5Y2.48610Y1.843+0.644
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ4.5250.984+3.541
TTM4.6501.128+3.522
YOY2.9591.142+1.817
5Y2.4861.131+1.355
10Y1.8431.119+0.724

1.4. Solvency of Tecnotree Oyj.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy (always compare to Software-Application industry mean).
  • A Debt to Asset Ratio of 0.18 means that Tecnotree assets are financed with 18.2% credit (debt) and the remaining percentage (100% - 18.2%) is financed by its owners/shareholders.

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

  • The MRQ is 0.182. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.171. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.182TTM0.171+0.011
TTM0.171YOY0.587-0.415
TTM0.1715Y0.800-0.629
5Y0.80010Y0.780+0.020
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1820.430-0.248
TTM0.1710.430-0.259
YOY0.5870.475+0.112
5Y0.8000.468+0.332
10Y0.7800.465+0.315
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy (always compare to Software-Application industry mean).
  • A Debt to Equity ratio of 22.4% means that company has €0.22 debt for each €1 in shareholders equity.

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

  • The MRQ is 0.224. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.207. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.224TTM0.207+0.016
TTM0.207YOY1.473-1.266
TTM0.2075Y3.075-2.868
5Y3.07510Y3.419-0.343
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2240.690-0.466
TTM0.2070.701-0.494
YOY1.4730.750+0.723
5Y3.0750.769+2.306
10Y3.4190.756+2.663

2. Market Valuation of Tecnotree Oyj

2. Earnings
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 16.31 means the investor is paying €16.31 for every €1 in earnings.

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

  • The EOD is 8.580. Good. +1
  • The MRQ is 16.311. Neutral. Compare to industry.
  • The TTM is 19.796. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
EOD8.580MRQ16.311-7.731
MRQ16.311TTM19.796-3.485
TTM19.796YOY12.352+7.443
TTM19.7965Y7.393+12.403
5Y7.39310Y4.007+3.386
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
EOD8.580-1.099+9.679
MRQ16.311-1.458+17.769
TTM19.796-2.024+21.820
YOY12.352-0.677+13.029
5Y7.393-1.146+8.539
10Y4.007-0.786+4.793
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Tecnotree.

  • 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 Tecnotree Oyj:

  • The MRQ is -0.937. Very Bad. -2
  • The TTM is -30.188. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ-0.937TTM-30.188+29.250
TTM-30.188YOY-0.012-30.176
TTM-30.1885Y-6.087-24.101
5Y-6.08710Y-2.909-3.178
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.9370.001-0.938
TTM-30.1880.022-30.210
YOY-0.0120.058-0.070
5Y-6.0870.042-6.129
10Y-2.9090.049-2.958

2. Books
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Software-Application industry mean).
  • A PB ratio of 3.37 means the investor is paying €3.37 for each €1 in book value.

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

  • The EOD is 1.772. Good. +1
  • The MRQ is 3.369. Neutral. Compare to industry.
  • The TTM is 5.359. Seems overpriced? -1
Trends
Current periodCompared to+/- 
EOD1.772MRQ3.369-1.597
MRQ3.369TTM5.359-1.990
TTM5.359YOY7.948-2.589
TTM5.3595Y3.667+1.692
5Y3.66710Y1.950+1.717
Compared to industry (Software-Application)
PeriodCompanyIndustry (mean)+/- 
EOD1.7722.711-0.939
MRQ3.3693.265+0.104
TTM5.3594.308+1.051
YOY7.9484.647+3.301
5Y3.6674.003-0.336
10Y1.9503.728-1.778

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Tecnotree Oyj 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--0.2430.219+11%0.085+187%0.048+407%0.033+645%
Book Value Per Share Growth--0.0280.032-12%0.018+55%0.006+371%0.011+168%
Current Ratio--5.5256.173-10%3.741+48%3.334+66%1.878+194%
Debt To Asset Ratio--0.1820.171+7%0.587-69%0.800-77%0.780-77%
Debt To Equity Ratio--0.2240.207+8%1.473-85%3.075-93%3.419-93%
Dividend Per Share----0%-0%-0%-0%
Eps--0.0130.013+4%0.015-14%0.008+55%-0.001+111%
Eps Growth---17.40210.460-266%34.397-151%-225.048+1193%-109.981+532%
Gains Per Share--0.0280.032-12%0.018+55%0.006+371%0.011+168%
Gross Profit Margin--1.0001.0000%1.0000%0.950+5%0.744+34%
Net Profit Margin--0.2190.222-2%0.284-23%0.097+126%0.061+259%
Operating Margin--0.2900.295-2%0.377-23%0.261+11%0.121+139%
Operating Ratio--0.7870.739+7%0.670+18%0.782+1%0.548+44%
Pb Ratio1.772-90%3.3695.359-37%7.948-58%3.667-8%1.950+73%
Pe Ratio8.580-90%16.31119.796-18%12.352+32%7.393+121%4.007+307%
Peg Ratio---0.937-30.188+3121%-0.012-99%-6.087+549%-2.909+210%
Price Per Share0.431-90%0.8191.156-29%0.667+23%0.426+92%0.290+183%
Quick Ratio--4.5254.650-3%2.959+53%2.486+82%1.843+146%
Return On Assets--0.0440.048-9%0.076-42%0.018+140%0.013+240%
Return On Equity--0.0540.058-8%0.191-72%0.212-75%0.123-56%
 EOD+3 -0MRQTTM+5 -13YOY+9 -95Y+14 -510Y+13 -6

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-158.580
Price to Book Ratio (EOD)Between0-11.772
Net Profit Margin (MRQ)Greater than00.219
Operating Margin (MRQ)Greater than00.290
Quick Ratio (MRQ)Greater than14.525
Current Ratio (MRQ)Greater than15.525
Debt to Asset Ratio (MRQ)Less than10.182
Debt to Equity Ratio (MRQ)Less than10.224
Return on Equity (MRQ)Greater than0.150.054
Return on Assets (MRQ)Greater than0.050.044
Total7/10 (70.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5023.319
Ma 20Greater thanMa 500.497
Ma 50Greater thanMa 1000.587
Ma 100Greater thanMa 2000.706
OpenGreater thanClose0.431
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets91,000
Total Liabilities16,600
Total Stockholder Equity74,201
 As reported
Total Liabilities 16,600
Total Stockholder Equity+ 74,201
Total Assets = 91,000

Assets

Total Assets91,000
Total Current Assets76,800
Long-term Assets76,800
Total Current Assets
Cash And Cash Equivalents 13,900
Net Receivables 62,900
Total Current Assets  (as reported)76,800
Total Current Assets  (calculated)76,800
+/-0
Long-term Assets
Property Plant Equipment 300
Other Assets 2,600
Long-term Assets  (as reported)14,100
Long-term Assets  (calculated)2,900
+/- 11,200

Liabilities & Shareholders' Equity

Total Current Liabilities13,900
Long-term Liabilities2,700
Total Stockholder Equity74,201
Total Current Liabilities
Accounts payable 13,900
Total Current Liabilities  (as reported)13,900
Total Current Liabilities  (calculated)13,900
+/-0
Long-term Liabilities
Other Liabilities 2,700
Long-term Liabilities  (as reported)2,700
Long-term Liabilities  (calculated)2,700
+/-0
Total Stockholder Equity
Common Stock1,300
Retained Earnings 52,600
Other Stockholders Equity 19,500
Total Stockholder Equity (as reported)74,201
Total Stockholder Equity (calculated)73,400
+/- 801
Other
Common Stock Shares Outstanding 306,093
Net Tangible Assets 62,900
Net Working Capital 62,900



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 
97,400
100,424
94,400
98,657
86,100
81,311
77,200
77,463
77,400
77,500
78,600
77,546
78,500
84,800
91,200
90,365
92,000
91,000
88,200
88,790
79,600
86,900
89,200
95,245
86,400
92,400
94,300
118,857
117,400
129,400
121,600
118,454
120,200
123,400
111,300
109,678
100,600
105,100
105,600
99,920
86,300
91,900
95,300
81,755
75,700
73,000
73,700
71,638
70,400
67,000
76,900
74,979
77,400
74,900
74,200
74,620
69,400
69,800
71,200
59,763
55,500
49,400
48,100
31,847
26,300
24,900
27,700
28,554
30,400
33,400
35,400
36,840
40,900
43,000
46,900
50,650
57,900
62,200
74,200
79,413
84,000
91,000
91,00084,00079,41374,20062,20057,90050,65046,90043,00040,90036,84035,40033,40030,40028,55427,70024,90026,30031,84748,10049,40055,50059,76371,20069,80069,40074,62074,20074,90077,40074,97976,90067,00070,40071,63873,70073,00075,70081,75595,30091,90086,30099,920105,600105,100100,600109,678111,300123,400120,200118,454121,600129,400117,400118,85794,30092,40086,40095,24589,20086,90079,60088,79088,20091,00092,00090,36591,20084,80078,50077,54678,60077,50077,40077,46377,20081,31186,10098,65794,400100,42497,400
   > 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
37,398
32,600
27,900
27,600
28,264
23,100
21,800
24,700
25,574
26,100
29,600
29,600
30,075
33,200
35,400
38,800
43,329
49,900
53,000
63,200
66,227
71,200
76,800
76,80071,20066,22763,20053,00049,90043,32938,80035,40033,20030,07529,60029,60026,10025,57424,70021,80023,10028,26427,60027,90032,60037,39800000000000000000000000000000000000000000000000000000000000
       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
3,503
1,400
1,100
2,100
2,293
6,800
2,800
3,100
4,158
3,900
3,300
5,400
3,381
4,500
5,800
6,800
8,035
10,000
10,700
13,900
17,565
15,600
13,900
13,90015,60017,56513,90010,70010,0008,0356,8005,8004,5003,3815,4003,3003,9004,1583,1002,8006,8002,2932,1001,1001,4003,50300000000000000000000000000000000000000000000000000000000000
       Net Receivables 
0
37,834
0
39,491
0
28,193
0
27,513
32,800
31,400
31,500
33,090
13,800
13,200
20,200
37,805
42,600
21,400
16,600
43,568
28,400
55,300
53,800
45,681
45,900
47,900
40,200
36,475
36,500
40,300
36,200
34,192
37,000
45,100
43,000
39,301
39,100
49,100
54,300
50,595
44,400
45,300
55,700
37,971
34,700
42,000
42,300
38,245
44,800
41,200
50,700
45,696
46,800
44,000
45,500
40,846
42,700
43,200
46,900
30,618
30,300
25,600
24,500
23,108
15,700
18,300
21,300
19,244
12,800
14,500
10,500
23,806
28,700
29,600
32,000
32,197
39,900
42,200
49,300
43,694
55,600
62,900
62,90055,60043,69449,30042,20039,90032,19732,00029,60028,70023,80610,50014,50012,80019,24421,30018,30015,70023,10824,50025,60030,30030,61846,90043,20042,70040,84645,50044,00046,80045,69650,70041,20044,80038,24542,30042,00034,70037,97155,70045,30044,40050,59554,30049,10039,10039,30143,00045,10037,00034,19236,20040,30036,50036,47540,20047,90045,90045,68153,80055,30028,40043,56816,60021,40042,60037,80520,20013,20013,80033,09031,50031,40032,80027,513028,193039,491037,8340
       Other Current Assets 
0
1,489
0
1,945
0
3,408
0
2,804
0
0
0
2,277
0
0
0
1,744
0
0
0
2,263
0
0
0
4,917
0
0
0
2,540
0
0
0
2,390
0
0
0
2,336
0
0
0
2,415
0
0
900
3,226
0
0
0
3,653
0
0
0
3,303
0
0
0
3,087
0
0
0
2,409
0
0
0
2,403
0
0
0
1,195
0
0
0
1,638
0
0
0
1,043
0
0
0
2,566
0
0
002,5660001,0430001,6380001,1950002,4030002,4090003,0870003,3030003,6530003,226900002,4150002,3360002,3900002,5400004,9170002,2630001,7440002,2770002,80403,40801,94501,4890
   > 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
4,200
4,000
5,900
6,765
7,400
7,600
8,100
7,321
8,000
9,300
10,900
13,186
12,700
14,100
14,10012,70013,18610,9009,3008,0007,3218,1007,6007,4006,7655,9004,0004,20000000000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
0
12,656
0
12,133
0
10,690
0
8,955
9,900
9,700
9,600
8,435
11,300
11,900
13,400
8,649
16,600
18,600
19,100
8,762
21,000
8,500
8,000
8,066
3,600
7,600
7,300
7,040
7,000
32,100
7,500
7,310
7,200
7,200
6,800
6,849
6,600
6,400
6,100
6,092
6,000
5,800
5,100
4,671
6,900
4,500
4,200
4,049
4,000
4,100
4,000
3,813
3,700
3,500
3,300
3,649
3,500
3,400
3,200
2,497
2,400
2,200
2,100
2,061
1,900
1,800
1,600
1,527
2,700
2,500
2,400
2,410
2,100
1,900
1,700
506
500
500
400
457
500
300
3005004574005005005061,7001,9002,1002,4102,4002,5002,7001,5271,6001,8001,9002,0612,1002,2002,4002,4973,2003,4003,5003,6493,3003,5003,7003,8134,0004,1004,0004,0494,2004,5006,9004,6715,1005,8006,0006,0926,1006,4006,6006,8496,8007,2007,2007,3107,50032,1007,0007,0407,3007,6003,6008,0668,0008,50021,0008,76219,10018,60016,6008,64913,40011,90011,3008,4359,6009,7009,9008,955010,690012,133012,6560
       Goodwill 
0
0
0
0
0
0
0
682
0
0
0
0
0
0
0
682
0
0
0
682
0
700
700
682
700
700
700
682
700
19,200
18,800
20,011
21,800
22,500
21,200
21,608
20,600
20,200
19,800
19,192
19,400
18,900
19,300
17,420
18,000
16,500
15,300
15,266
15,700
15,700
16,400
16,642
18,500
17,700
17,200
17,525
16,900
17,000
17,100
17,612
18,100
17,200
16,600
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000016,60017,20018,10017,61217,10017,00016,90017,52517,20017,70018,50016,64216,40015,70015,70015,26615,30016,50018,00017,42019,30018,90019,40019,19219,80020,20020,60021,60821,20022,50021,80020,01118,80019,200700682700700700682700700068200068200000006820000000
       Intangible Assets 
0
616
0
642
0
736
0
1,148
0
0
0
947
0
0
0
6,072
0
0
0
1,368
0
13,700
15,300
1,366
18,100
19,000
19,700
1,352
20,300
19,200
43,000
23,648
44,100
44,000
40,900
25,050
36,300
33,700
31,400
21,436
27,600
25,400
24,400
18,740
18,000
17,900
15,900
15,702
16,200
16,100
16,800
17,000
18,800
18,000
17,800
18,172
17,500
17,600
17,600
18,038
18,500
17,500
16,900
263
200
200
200
199
200
200
2,200
2,997
4,000
4,400
4,900
5,333
6,100
7,400
8,700
9,916
10,700
0
010,7009,9168,7007,4006,1005,3334,9004,4004,0002,9972,20020020019920020020026316,90017,50018,50018,03817,60017,60017,50018,17217,80018,00018,80017,00016,80016,10016,20015,70215,90017,90018,00018,74024,40025,40027,60021,43631,40033,70036,30025,05040,90044,00044,10023,64843,00019,20020,3001,35219,70019,00018,1001,36615,30013,70001,3680006,0720009470001,1480736064206160
       Other Assets 
0
648
0
664
0
753
0
1,165
0
0
0
964
600
700
500
6,691
600
500
500
11,818
500
14,000
15,900
16,751
22,600
19,600
20,100
20,694
20,900
21,000
45,100
45,980
46,700
47,000
44,300
42,802
39,500
37,100
35,500
33,299
29,300
28,700
28,400
23,372
22,100
20,600
18,700
17,954
17,300
17,600
18,400
19,032
22,300
21,000
21,000
20,075
19,200
19,300
19,400
19,867
20,500
19,300
18,400
1,522
1,300
1,100
1,200
1,254
1,400
1,100
1,200
4,305
1,600
1,300
1,500
6,796
1,400
1,300
1,900
12,197
1,600
2,600
2,6001,60012,1971,9001,3001,4006,7961,5001,3001,6004,3051,2001,1001,4001,2541,2001,1001,3001,52218,40019,30020,50019,86719,40019,30019,20020,07521,00021,00022,30019,03218,40017,60017,30017,95418,70020,60022,10023,37228,40028,70029,30033,29935,50037,10039,50042,80244,30047,00046,70045,98045,10021,00020,90020,69420,10019,60022,60016,75115,90014,00050011,8185005006006,6915007006009640001,1650753066406480
> Total Liabilities 
14,700
14,850
14,200
11,339
9,800
8,814
9,100
12,217
12,900
11,300
11,200
10,014
11,000
14,500
17,000
13,108
16,200
11,800
13,500
14,161
12,100
15,700
13,600
17,256
13,800
16,200
15,200
35,351
35,500
41,500
39,300
41,246
41,000
41,800
35,400
37,572
39,400
45,600
47,000
50,413
45,000
45,900
51,400
47,221
44,300
45,300
49,900
49,928
52,000
54,300
60,900
58,088
58,500
60,200
60,200
56,822
58,100
60,600
63,100
49,079
46,300
40,800
40,700
37,935
37,100
35,600
35,500
35,056
33,400
34,500
34,100
33,208
34,500
32,200
31,100
30,743
32,900
31,600
12,600
11,744
15,500
16,600
16,60015,50011,74412,60031,60032,90030,74331,10032,20034,50033,20834,10034,50033,40035,05635,50035,60037,10037,93540,70040,80046,30049,07963,10060,60058,10056,82260,20060,20058,50058,08860,90054,30052,00049,92849,90045,30044,30047,22151,40045,90045,00050,41347,00045,60039,40037,57235,40041,80041,00041,24639,30041,50035,50035,35115,20016,20013,80017,25613,60015,70012,10014,16113,50011,80016,20013,10817,00014,50011,00010,01411,20011,30012,90012,2179,1008,8149,80011,33914,20014,85014,700
   > Total Current Liabilities 
12,800
13,002
12,500
10,097
0
7,917
0
10,725
0
0
0
9,285
9,800
13,000
15,300
10,897
13,500
9,400
11,100
11,508
9,700
12,700
10,400
13,831
10,000
12,000
10,800
30,785
31,000
17,400
15,000
20,393
20,300
21,600
15,400
19,318
21,600
29,100
30,700
33,403
29,100
31,100
36,600
43,959
41,600
42,100
24,600
25,279
27,500
50,600
57,000
53,483
53,600
55,000
54,800
54,617
56,000
58,300
60,700
16,290
14,300
14,200
14,200
13,716
13,000
12,100
12,000
16,720
10,900
11,700
11,100
11,451
12,800
11,600
10,700
11,960
13,600
13,100
10,000
9,038
12,900
13,900
13,90012,9009,03810,00013,10013,60011,96010,70011,60012,80011,45111,10011,70010,90016,72012,00012,10013,00013,71614,20014,20014,30016,29060,70058,30056,00054,61754,80055,00053,60053,48357,00050,60027,50025,27924,60042,10041,60043,95936,60031,10029,10033,40330,70029,10021,60019,31815,40021,60020,30020,39315,00017,40031,00030,78510,80012,00010,00013,83110,40012,7009,70011,50811,1009,40013,50010,89715,30013,0009,8009,28500010,72507,917010,09712,50013,00212,800
       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
31,215
23,600
18,500
300
1,192
1,000
900
800
4,464
2,100
600
600
465
0
0
0
0
0
0
0
0
0
0
00000000004656006002,1004,4648009001,0001,19230018,50023,60031,21500000000000000000000000000000000000000000000000000000000000
       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
31,215
23,600
18,500
300
1,192
1,000
900
800
4,464
2,100
600
600
465
500
800
700
978
1,000
1,200
0
0
0
0
00001,2001,0009787008005004656006002,1004,4648009001,0001,19230018,50023,60031,21500000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
2,728
0
1,801
0
1,172
0
1,401
0
0
0
1,239
0
0
0
2,860
0
0
0
2,890
0
0
0
3,357
0
0
0
1,479
11,000
0
12,800
2,263
18,000
19,300
13,200
5,932
13,400
16,900
18,500
7,192
14,300
16,300
21,700
3,734
0
16,000
14,200
2,430
14,700
15,400
21,100
7,539
21,800
22,700
23,000
6,060
24,200
26,000
27,600
15,031
13,900
13,700
13,900
11,634
12,000
11,200
11,200
9,566
8,200
10,500
9,900
1,649
11,600
10,100
9,300
1,619
12,500
11,800
9,900
1,310
12,800
13,900
13,90012,8001,3109,90011,80012,5001,6199,30010,10011,6001,6499,90010,5008,2009,56611,20011,20012,00011,63413,90013,70013,90015,03127,60026,00024,2006,06023,00022,70021,8007,53921,10015,40014,7002,43014,20016,00003,73421,70016,30014,3007,19218,50016,90013,4005,93213,20019,30018,0002,26312,800011,0001,4790003,3570002,8900002,8600001,2390001,40101,17201,80102,7280
       Other Current Liabilities 
0
10,274
0
8,153
0
6,702
0
9,105
0
0
0
7,940
9,700
13,000
15,300
8,004
13,500
9,400
11,100
8,618
9,700
12,700
10,400
10,474
10,000
12,000
10,800
9,336
0
15,100
0
15,864
0
0
0
8,143
0
0
0
10,376
0
0
0
11,892
15,900
0
400
11,749
1,700
1,800
2,500
14,163
0
0
0
16,727
0
0
0
819
0
0
0
851
0
0
0
2,618
0
0
0
3,850
0
0
0
3,373
0
0
0
3,479
0
0
003,4790003,3730003,8500002,61800085100081900016,72700014,1632,5001,8001,70011,749400015,90011,89200010,3760008,14300015,864015,10009,33610,80012,00010,00010,47410,40012,7009,7008,61811,1009,40013,5008,00415,30013,0009,7007,9400009,10506,70208,153010,2740
   > 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
22,500
22,800
23,000
21,757
21,700
20,600
20,400
18,783
19,300
18,500
2,600
2,706
2,600
2,700
2,7002,6002,7062,60018,50019,30018,78320,40020,60021,70021,75723,00022,80022,50000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
456
0
0
0
0
0
883
12,100
10,500
10,400
97
0
0
0
255
400
100
100
30
0
0
0
37
0
0
0
37
0
200
300
307
200
800
900
417
500
400
500
369
400
400
600
427
500
600
400
935
900
1,000
1,100
1,215
1,800
1,800
1,800
1,754
1,700
1,900
2,000
2,014
8,800
8,600
8,500
1,700
7,200
6,800
6,800
1,022
8,300
7,300
7,700
3,326
7,000
6,400
6,500
3,356
6,800
6,700
2,500
2,620
2,400
2,700
2,7002,4002,6202,5006,7006,8003,3566,5006,4007,0003,3267,7007,3008,3001,0226,8006,8007,2001,7008,5008,6008,8002,0142,0001,9001,7001,7541,8001,8001,8001,2151,1001,00090093540060050042760040040036950040050041790080020030730020003700037000301001004002550009710,40010,50012,100883000004560
       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
0
0
0
0
0
0
0
0
0
0
0
0
2,947
0
0
0
5,314
0
0
0
9,384
0
0
009,3840005,3140002,94700000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
82,600
85,474
80,100
87,318
76,300
72,497
68,100
65,246
64,500
66,200
67,400
67,532
67,500
70,300
74,200
77,257
75,800
79,200
74,700
74,629
67,500
71,200
75,600
77,989
72,600
76,200
79,100
83,506
81,900
87,900
81,900
77,136
79,200
81,500
75,800
72,050
61,100
59,500
58,500
49,443
41,200
45,900
43,800
34,481
31,400
27,700
23,700
21,659
18,300
12,600
16,000
16,839
18,800
14,600
13,900
17,717
11,300
9,200
8,100
10,568
9,200
8,400
7,400
-6,285
-10,800
-10,700
-7,800
-6,713
-3,211
-1,300
1,100
3,432
6,200
10,600
15,800
19,722
24,815
30,400
61,400
67,470
68,301
74,201
74,20168,30167,47061,40030,40024,81519,72215,80010,6006,2003,4321,100-1,300-3,211-6,713-7,800-10,700-10,800-6,2857,4008,4009,20010,5688,1009,20011,30017,71713,90014,60018,80016,83916,00012,60018,30021,65923,70027,70031,40034,48143,80045,90041,20049,44358,50059,50061,10072,05075,80081,50079,20077,13681,90087,90081,90083,50679,10076,20072,60077,98975,60071,20067,50074,62974,70079,20075,80077,25774,20070,30067,50067,53267,40066,20064,50065,24668,10072,49776,30087,31880,10085,47482,600
   Common Stock
0
2,003
0
4,647
0
4,647
0
4,647
0
0
0
4,647
4,600
4,600
4,600
4,665
4,600
4,700
4,700
4,720
4,700
4,700
4,700
4,720
4,700
4,700
4,700
4,720
4,700
87,900
4,700
4,720
4,700
4,700
4,700
4,720
4,700
4,700
4,800
4,720
4,700
4,700
4,700
4,720
31,400
4,700
4,700
4,720
4,700
4,700
4,700
4,720
4,700
1,300
1,300
1,346
11,300
1,300
8,100
1,346
9,200
1,300
7,400
1,346
-10,800
1,300
-7,800
1,346
-3,000
1,300
1,300
1,346
6,400
11,000
15,800
1,346
25,000
1,300
61,600
1,346
68,500
1,300
1,30068,5001,34661,6001,30025,0001,34615,80011,0006,4001,3461,3001,300-3,0001,346-7,8001,300-10,8001,3467,4001,3009,2001,3468,1001,30011,3001,3461,3001,3004,7004,7204,7004,7004,7004,7204,7004,70031,4004,7204,7004,7004,7004,7204,8004,7004,7004,7204,7004,7004,7004,7204,70087,9004,7004,7204,7004,7004,7004,7204,7004,7004,7004,7204,7004,7004,6004,6654,6004,6004,6004,6470004,64704,64704,64702,0030
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000-100-59-10000-122-100-100-100-122-100-100-100-122-100-100-100-122-1000-100-122-100-100-100-122-100-100-100-122-100-100-100-122-300-300-300000000-39900000
   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
-6,482
0
-7,000
0
-7,674
0
-9,800
0
-6,343
0
-3,600
0
-3,947
0
-3,700
0
-4,181
0
-4,300
0
18,940
0
19,500
19,500018,9400-4,3000-4,1810-3,7000-3,9470-3,6000-6,3430-9,8000-7,6740-7,0000-6,48200000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.