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Tessenderlo
Buy, Hold or Sell?

Should you buy, hold or sell Tessenderlo?

I guess you are interested in Tessenderlo. 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 Tessenderlo

Let's start. I'm going to help you getting a better view of Tessenderlo. 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 Tessenderlo 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 Tessenderlo is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Tessenderlo. The closing price on 2023-01-27 was €32.45 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.
Tessenderlo Daily Candlestick Chart
Tessenderlo Daily Candlestick Chart
Summary









1. Valuation of Tessenderlo




Current price per share

€32.45

2. Growth of Tessenderlo




Is Tessenderlo growing?

Current yearPrevious yearGrowGrow %
How rich?$1.2b$982.8m$246.7m20.1%

How much money is Tessenderlo making?

Current yearPrevious yearGrowGrow %
Making money$204.1m$107.7m$96.4m47.2%
Net Profit Margin9.0%5.7%--

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

3. Financial Health of Tessenderlo




Comparing to competitors in the Agricultural Inputs industry




  Industry Rankings (Agricultural Inputs)  


Richest
#113 / 168

Most Revenue
#78 / 168

Most Profit
#72 / 168


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is 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 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 Tessenderlo.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • A Net Profit Margin of 9.0% means that €0.09 for each €1 in revenue is generated as profit.

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

  • The MRQ is 9.0%. The company is making a profit. +1
  • The TTM is 9.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ9.0%TTM9.0%0.0%
TTM9.0%YOY5.7%+3.3%
TTM9.0%5Y5.5%+3.5%
5Y5.5%10Y3.0%+2.5%
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ9.0%8.8%+0.2%
TTM9.0%7.4%+1.6%
YOY5.7%5.8%-0.1%
5Y5.5%3.7%+1.8%
10Y3.0%3.7%-0.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • 8.5% Return on Assets means that Tessenderlo generated €0.09 profit for each $1 in assets.

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

  • The MRQ is 8.5%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 8.5%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ8.5%TTM8.5%0.0%
TTM8.5%YOY5.0%+3.5%
TTM8.5%5Y5.1%+3.4%
5Y5.1%10Y2.2%+2.8%
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ8.5%2.0%+6.5%
TTM8.5%1.7%+6.8%
YOY5.0%1.3%+3.7%
5Y5.1%1.1%+4.0%
10Y2.2%1.0%+1.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • 16.6% Return on Equity means Tessenderlo generated €0.17 for each €1 the owners (shareholders) invested.

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

  • The MRQ is 16.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 16.6%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ16.6%TTM16.6%0.0%
TTM16.6%YOY11.0%+5.6%
TTM16.6%5Y11.2%+5.5%
5Y11.2%10Y2.2%+9.0%
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ16.6%4.4%+12.2%
TTM16.6%3.8%+12.8%
YOY11.0%2.5%+8.5%
5Y11.2%2.4%+8.8%
10Y2.2%2.2%0.0%

1.2. Operating Efficiency of Tessenderlo.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Tessenderlo is operating .

  • Measures how much profit Tessenderlo 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 Tessenderlo to the Agricultural Inputs industry mean.
  • An Operating Margin of 11.5% means the company generated €0.12  for each €1 in revenue (before taxes).

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

  • The MRQ is 11.5%. The company is operating less efficient.
  • The TTM is 11.5%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ11.5%TTM11.5%0.0%
TTM11.5%YOY8.3%+3.2%
TTM11.5%5Y7.6%+3.9%
5Y7.6%10Y4.8%+2.9%
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ11.5%11.0%+0.5%
TTM11.5%10.2%+1.3%
YOY8.3%8.1%+0.2%
5Y7.6%6.0%+1.6%
10Y4.8%4.3%+0.5%
1.2.2. Operating Ratio

Measures how efficient Tessenderlo is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Agricultural Inputs industry mean).
  • An Operation Ratio of 0.89 means that the operating costs are €0.89 for each €1 in net sales.

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

  • The MRQ is 0.891. The company is less efficient in keeping operating costs low.
  • The TTM is 0.891. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.891TTM0.8910.000
TTM0.891YOY0.897-0.006
TTM0.8915Y0.917-0.026
5Y0.91710Y0.938-0.021
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8911.570-0.679
TTM0.8911.550-0.659
YOY0.8971.486-0.589
5Y0.9171.432-0.515
10Y0.9381.155-0.217

1.3. Liquidity of Tessenderlo.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Agricultural Inputs industry mean).
  • A Current Ratio of 1.84 means the company has €1.84 in assets for each €1 in short-term debts.

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

  • The MRQ is 1.842. The company is able to pay all its short-term debts. +1
  • The TTM is 1.842. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.842TTM1.8420.000
TTM1.842YOY2.379-0.537
TTM1.8425Y2.224-0.382
5Y2.22410Y1.971+0.253
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8421.674+0.168
TTM1.8421.516+0.326
YOY2.3791.426+0.953
5Y2.2241.461+0.763
10Y1.9711.175+0.796
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • A Quick Ratio of 1.20 means the company can pay off €1.20 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 1.199. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.199. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.199TTM1.1990.000
TTM1.199YOY1.513-0.314
TTM1.1995Y1.375-0.176
5Y1.37510Y1.126+0.249
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1990.646+0.553
TTM1.1990.622+0.577
YOY1.5130.663+0.850
5Y1.3750.609+0.766
10Y1.1260.553+0.573

1.4. Solvency of Tessenderlo.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Tessenderlo to Agricultural Inputs industry mean.
  • A Debt to Asset Ratio of 0.49 means that Tessenderlo assets are financed with 48.7% credit (debt) and the remaining percentage (100% - 48.7%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.487. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.487. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.487TTM0.4870.000
TTM0.487YOY0.540-0.053
TTM0.4875Y0.549-0.061
5Y0.54910Y0.601-0.053
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4870.454+0.033
TTM0.4870.464+0.023
YOY0.5400.466+0.074
5Y0.5490.476+0.073
10Y0.6010.462+0.139
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • A Debt to Equity ratio of 95.2% means that company has €0.95 debt for each €1 in shareholders equity.

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

  • The MRQ is 0.952. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.952. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.952TTM0.9520.000
TTM0.952YOY1.176-0.224
TTM0.9525Y1.232-0.280
5Y1.23210Y1.663-0.431
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9520.858+0.094
TTM0.9520.881+0.071
YOY1.1760.885+0.291
5Y1.2321.009+0.223
10Y1.6630.988+0.675

2. Market Valuation of Tessenderlo

2. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • A PE ratio of 7.66 means the investor is paying €7.66 for every €1 in earnings.

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

  • The EOD is 7.451. Very good. +2
  • The MRQ is 7.658. Very good. +2
  • The TTM is 7.658. Very good. +2
Trends
Current periodCompared to+/- 
EOD7.451MRQ7.658-0.207
MRQ7.658TTM7.6580.000
TTM7.658YOY14.208-6.550
TTM7.6585Y23.037-15.379
5Y23.03710Y14.301+8.736
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
EOD7.45127.194-19.743
MRQ7.65829.944-22.286
TTM7.65842.529-34.871
YOY14.20842.070-27.862
5Y23.03739.570-16.533
10Y14.30129.726-15.425
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Tessenderlo.

  • 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 Tessenderlo:

  • The MRQ is 4.041. Seems overpriced? -1
  • The TTM is 4.041. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ4.041TTM4.0410.000
TTM4.041YOY13.770-9.729
TTM4.0415Y57.588-53.547
5Y57.58810Y38.537+19.051
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0410.397+3.644
TTM4.0410.041+4.000
YOY13.7700.063+13.707
5Y57.5880.054+57.534
10Y38.5370.048+38.489

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

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

  • At or below 1 is considered healthy (always compare to Agricultural Inputs industry mean).
  • A PB ratio of 1.27 means the investor is paying €1.27 for each €1 in book value.

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

  • The EOD is 1.237. Good. +1
  • The MRQ is 1.271. Good. +1
  • The TTM is 1.271. Good. +1
Trends
Current periodCompared to+/- 
EOD1.237MRQ1.271-0.034
MRQ1.271TTM1.2710.000
TTM1.271YOY1.557-0.286
TTM1.2715Y1.760-0.489
5Y1.76010Y2.183-0.423
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
EOD1.2371.987-0.750
MRQ1.2712.027-0.756
TTM1.2712.314-1.043
YOY1.5571.638-0.081
5Y1.7601.601+0.159
10Y2.1831.136+1.047
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Tessenderlo 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--5.2645.2640%1.882+180%2.436+116%1.221+331%
Book Value Growth--1.2511.2510%1.098+14%1.135+10%1.111+13%
Book Value Per Share--26.23426.2340%20.970+25%19.642+34%14.889+76%
Book Value Per Share Growth--1.2511.2510%1.099+14%1.135+10%1.111+13%
Current Ratio--1.8421.8420%2.379-23%2.224-17%1.971-7%
Debt To Asset Ratio--0.4870.4870%0.540-10%0.549-11%0.601-19%
Debt To Equity Ratio--0.9520.9520%1.176-19%1.232-23%1.663-43%
Dividend Per Share----0%-0%-0%0.097-100%
Eps--4.3554.3550%2.298+90%2.320+88%1.102+295%
Eps Growth--1.8951.8950%1.032+84%1.563+21%1.500+26%
Free Cash Flow Per Share--3.5273.5270%4.223-16%2.633+34%1.452+143%
Free Cash Flow Per Share Growth--0.8350.8350%1.579-47%2.704-69%2.294-64%
Free Cash Flow To Equity Per Share--1.6701.6700%1.820-8%1.025+63%0.457+266%
Free Cash Flow To Equity Per Share Growth--0.9170.9170%7.343-88%3.166-71%2.068-56%
Gross Profit Margin--0.0290.0290%-0.656+2381%-1.537+5445%-0.497+1830%
Intrinsic Value_10Y_max--49.512--------
Intrinsic Value_10Y_min--13.565--------
Intrinsic Value_1Y_max--3.845--------
Intrinsic Value_1Y_min--2.972--------
Intrinsic Value_3Y_max--12.403--------
Intrinsic Value_3Y_min--7.585--------
Intrinsic Value_5Y_max--21.988--------
Intrinsic Value_5Y_min--10.690--------
Net Profit Margin--0.0900.0900%0.057+58%0.055+64%0.030+202%
Operating Margin--0.1150.1150%0.083+39%0.076+51%0.048+141%
Operating Ratio--0.8910.8910%0.897-1%0.917-3%0.938-5%
Pb Ratio1.237-3%1.2711.2710%1.557-18%1.760-28%2.183-42%
Pe Ratio7.451-3%7.6587.6580%14.208-46%23.037-67%14.301-46%
Peg Ratio--4.0414.0410%13.770-71%57.588-93%38.537-90%
Price Per Share32.450-3%33.35033.3500%32.650+2%33.088+1%29.251+14%
Price To Total Gains Ratio6.165-3%6.3366.3360%17.349-63%20.470-69%12.660-50%
Profit Growth--1.8951.8950%1.031+84%1.563+21%1.500+26%
Quick Ratio--1.1991.1990%1.513-21%1.375-13%1.126+7%
Return On Assets--0.0850.0850%0.050+69%0.051+68%0.022+279%
Return On Equity--0.1660.1660%0.110+51%0.112+49%0.022+667%
Revenue Growth--1.1981.1980%0.997+20%1.058+13%1.004+19%
Total Gains Per Share--5.2645.2640%1.882+180%2.436+116%1.319+299%
Total Gains Per Share Growth--2.7972.7970%0.940+198%1.582+77%1.448+93%
Usd Book Value--1229609970.0001229609970.0000%982883670.000+25%920778204.000+34%697941966.000+76%
Usd Book Value Change Per Share--5.7215.7210%2.045+180%2.648+116%1.328+331%
Usd Book Value Per Share--28.51428.5140%22.792+25%21.348+34%16.183+76%
Usd Dividend Per Share----0%-0%-0%0.106-100%
Usd Eps--4.7334.7330%2.498+90%2.522+88%1.198+295%
Usd Free Cash Flow--165317490.000165317490.0000%197924490.000-16%123428364.000+34%68061678.000+143%
Usd Free Cash Flow Per Share--3.8343.8340%4.590-16%2.862+34%1.578+143%
Usd Free Cash Flow To Equity Per Share--1.8151.8150%1.979-8%1.114+63%0.496+266%
Usd Price Per Share35.270-3%36.24836.2480%35.487+2%35.963+1%31.792+14%
Usd Profit--204119820.000204119820.0000%107711790.000+90%108755214.000+88%51671226.000+295%
Usd Revenue--2262382350.0002262382350.0000%1888271370.000+20%1921617462.000+18%1888260501.000+20%
Usd Total Gains Per Share--5.7215.7210%2.045+180%2.648+116%1.433+299%
 EOD+3 -2MRQTTM+0 -0YOY+29 -115Y+34 -610Y+35 -7

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-157.451
Price to Book Ratio (EOD)Between0-11.237
Net Profit Margin (MRQ)Greater than00.090
Operating Margin (MRQ)Greater than00.115
Quick Ratio (MRQ)Greater than11.199
Current Ratio (MRQ)Greater than11.842
Debt to Asset Ratio (MRQ)Less than10.487
Debt to Equity Ratio (MRQ)Less than10.952
Return on Equity (MRQ)Greater than0.150.166
Return on Assets (MRQ)Greater than0.050.085
Total9/10 (90.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.641
Ma 20Greater thanMa 5033.210
Ma 50Greater thanMa 10032.770
Ma 100Greater thanMa 20031.788
OpenGreater thanClose32.400
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2017-12-312018-12-312019-12-312020-12-312021-12-31
Minority Interest  1,7005002,200-3001,900-8001,100-1,600-500



Latest Balance Sheet

Balance Sheet of 2021-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets2,207,000
Total Liabilities1,075,700
Total Stockholder Equity1,130,000
 As reported
Total Liabilities 1,075,700
Total Stockholder Equity+ 1,130,000
Total Assets = 2,207,000

Assets

Total Assets2,207,000
Total Current Assets1,101,500
Long-term Assets1,101,500
Total Current Assets
Cash And Cash Equivalents 320,200
Short-term Investments 10,000
Net Receivables 376,900
Inventory 393,400
Total Current Assets  (as reported)1,101,500
Total Current Assets  (calculated)1,100,500
+/- 1,000
Long-term Assets
Property Plant Equipment 886,500
Goodwill 32,300
Intangible Assets 109,200
Long-term Assets Other 22,800
Long-term Assets  (as reported)1,105,400
Long-term Assets  (calculated)1,050,800
+/- 54,600

Liabilities & Shareholders' Equity

Total Current Liabilities597,900
Long-term Liabilities477,800
Total Stockholder Equity1,130,000
Total Current Liabilities
Short-term Debt 211,500
Short Long Term Debt 194,500
Accounts payable 247,900
Other Current Liabilities 126,000
Total Current Liabilities  (as reported)597,900
Total Current Liabilities  (calculated)779,900
+/- 182,000
Long-term Liabilities
Long term Debt 156,600
Capital Lease Obligations 54,100
Other Liabilities 276,100
Long-term Liabilities Other -200
Long-term Liabilities  (as reported)477,800
Long-term Liabilities  (calculated)486,600
+/- 8,800
Total Stockholder Equity
Common Stock216,200
Other Stockholders Equity 913,800
Total Stockholder Equity (as reported)1,130,000
Total Stockholder Equity (calculated)1,130,000
+/-0
Other
Capital Stock216,200
Cash and Short Term Investments 330,200
Common Stock Shares Outstanding 43,023
Liabilities and Stockholders Equity 2,205,700
Net Debt 85,000
Net Invested Capital 1,481,100
Net Tangible Assets 988,500
Net Working Capital 503,600
Short Long Term Debt Total 405,200



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
1,532,214
1,714,938
1,602,273
1,588,692
1,606,700
1,711,700
1,705,800
1,683,200
1,812,900
1,576,600
1,696,500
1,379,700
1,288,400
1,090,000
1,185,600
1,303,600
1,358,800
1,411,800
1,837,500
1,911,300
1,966,600
2,207,000
2,207,0001,966,6001,911,3001,837,5001,411,8001,358,8001,303,6001,185,6001,090,0001,288,4001,379,7001,696,5001,576,6001,812,9001,683,2001,705,8001,711,7001,606,7001,588,6921,602,2731,714,9381,532,214
   > Total Current Assets 
0
0
842,254
803,294
788,500
836,800
823,600
859,400
1,002,100
692,300
800,400
676,600
641,200
495,000
589,300
674,700
697,400
761,200
754,500
765,100
860,700
1,101,500
1,101,500860,700765,100754,500761,200697,400674,700589,300495,000641,200676,600800,400692,3001,002,100859,400823,600836,800788,500803,294842,25400
       Cash And Cash Equivalents 
28,954
43,273
45,946
46,858
40,800
21,100
36,300
93,600
53,500
44,300
150,500
34,900
34,700
48,900
157,100
130,200
119,200
195,500
164,100
154,500
230,100
320,200
320,200230,100154,500164,100195,500119,200130,200157,10048,90034,70034,900150,50044,30053,50093,60036,30021,10040,80046,85845,94643,27328,954
       Short-term Investments 
9,602
7,906
2,279
1,044
1,271
0
0
1,900
5,400
0
700
0
0
0
0
0
0
0
0
0
20,000
10,000
10,00020,00000000000070005,4001,900001,2711,0442,2797,9069,602
       Net Receivables 
391,377
467,691
448,263
418,516
439,891
448,300
439,100
424,000
468,900
285,900
298,400
288,500
237,200
176,400
179,300
215,800
267,600
285,900
286,300
286,500
277,400
376,900
376,900277,400286,500286,300285,900267,600215,800179,300176,400237,200288,500298,400285,900468,900424,000439,100448,300439,891418,516448,263467,691391,377
       Other Current Assets 
111,382
114,442
782,112
736,348
417,600
449,300
439,200
424,000
469,500
286,900
299,500
290,900
303,200
190,300
184,000
255,600
268,500
286,600
287,500
286,900
278,300
377,900
377,900278,300286,900287,500286,600268,500255,600184,000190,300303,200290,900299,500286,900469,500424,000439,200449,300417,600736,348782,112114,442111,382
   > Long-term Assets 
0
0
760,019
785,398
818,200
874,900
882,200
823,800
810,800
884,300
896,100
703,100
647,200
595,000
596,300
628,900
661,400
650,600
1,083,000
1,146,200
1,105,900
1,105,400
1,105,4001,105,9001,146,2001,083,000650,600661,400628,900596,300595,000647,200703,100896,100884,300810,800823,800882,200874,900818,200785,398760,01900
       Property Plant Equipment 
593,167
659,416
647,139
655,697
691,900
747,200
726,600
677,800
652,000
694,700
682,200
518,800
471,800
436,800
462,500
462,300
508,400
503,300
789,200
872,900
862,200
886,500
886,500862,200872,900789,200503,300508,400462,300462,500436,800471,800518,800682,200694,700652,000677,800726,600747,200691,900655,697647,139659,416593,167
       Goodwill 
84,788
88,845
81,967
101,524
77,100
76,900
69,500
37,200
38,300
53,600
53,400
55,000
37,200
37,100
38,800
35,300
35,500
33,800
35,000
34,700
33,300
32,300
32,30033,30034,70035,00033,80035,50035,30038,80037,10037,20055,00053,40053,60038,30037,20069,50076,90077,100101,52481,96788,84584,788
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
28,800
20,600
27,100
29,200
39,100
29,600
0
0
0
00029,60039,10029,20027,10020,60028,8000000000000000
       Intangible Assets 
86,303
91,676
68,771
63,012
-15,800
-12,700
-7,500
36,900
39,900
67,400
61,200
58,100
60,000
49,900
45,300
59,300
45,700
30,600
190,200
162,000
135,700
109,200
109,200135,700162,000190,20030,60045,70059,30045,30049,90060,00058,10061,20067,40039,90036,900-7,500-12,700-15,80063,01268,77191,67686,303
       Long-term Assets Other 
0
0
12,400
31,436
34,100
42,300
66,500
17,400
23,500
50,800
41,900
63,800
73,900
66,100
31,100
42,000
40,100
51,200
44,000
46,800
32,200
22,800
22,80032,20046,80044,00051,20040,10042,00031,10066,10073,90063,80041,90050,80023,50017,40066,50042,30034,10031,43612,40000
> Total Liabilities 
729,649
868,455
830,007
831,948
851,200
937,000
994,100
881,000
910,900
869,100
967,900
775,100
904,200
850,000
748,500
785,300
752,800
772,300
1,100,400
1,087,700
1,062,300
1,075,700
1,075,7001,062,3001,087,7001,100,400772,300752,800785,300748,500850,000904,200775,100967,900869,100910,900881,000994,100937,000851,200831,948830,007868,455729,649
   > Total Current Liabilities 
551,088
684,910
709,412
717,169
612,100
538,500
693,100
611,700
643,200
618,200
599,200
466,100
430,200
417,700
487,800
317,200
270,100
307,600
327,100
361,500
361,800
597,900
597,900361,800361,500327,100307,600270,100317,200487,800417,700430,200466,100599,200618,200643,200611,700693,100538,500612,100717,169709,412684,910551,088
       Short-term Debt 
0
0
0
0
278,100
169,800
298,600
0
0
0
0
700
73,200
107,900
210,300
48,800
28,900
29,400
48,100
86,800
66,200
211,500
211,50066,20086,80048,10029,40028,90048,800210,300107,90073,2007000000298,600169,800278,1000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
307,900
183,400
5,300
28,800
29,300
48,100
65,700
48,000
194,500
194,50048,00065,70048,10029,30028,8005,300183,400307,9000000000000000
       Accounts payable 
208,725
227,905
531,474
590,413
229,600
267,200
278,400
385,900
388,900
363,100
469,600
379,300
290,600
174,800
147,600
163,000
145,600
170,700
165,900
161,900
176,700
247,900
247,900176,700161,900165,900170,700145,600163,000147,600174,800290,600379,300469,600363,100388,900385,900278,400267,200229,600590,413531,474227,905208,725
       Other Current Liabilities 
130,023
141,015
177,938
126,756
104,400
101,500
116,100
225,800
254,300
255,100
129,600
86,100
66,400
135,000
129,900
105,400
95,600
107,500
102,100
100,100
104,900
126,000
126,000104,900100,100102,100107,50095,600105,400129,900135,00066,40086,100129,600255,100254,300225,800116,100101,500104,400126,756177,938141,015130,023
   > Long-term Liabilities 
0
0
120,595
114,779
239,100
398,500
301,000
269,300
267,700
250,900
368,700
309,000
474,000
432,300
260,700
468,100
482,700
464,700
773,300
726,200
700,500
477,800
477,800700,500726,200773,300464,700482,700468,100260,700432,300474,000309,000368,700250,900267,700269,300301,000398,500239,100114,779120,59500
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
226,700
226,900
224,700
464,000
415,100
0
0
00415,100464,000224,700226,900226,700000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
200
100
-100
-100
-200
-200-100-10010020000000000000000000
> Total Stockholder Equity
794,082
834,433
743,614
755,940
755,500
774,300
709,500
800,200
900,000
705,200
724,900
600,300
379,500
236,600
433,500
516,800
604,700
637,700
735,000
821,700
903,000
1,130,000
1,130,000903,000821,700735,000637,700604,700516,800433,500236,600379,500600,300724,900705,200900,000800,200709,500774,300755,500755,940743,614834,433794,082
   Common Stock
130,144
131,000
132,000
133,000
134,000
135,000
136,000
137,000
138,000
139,000
143,700
147,900
153,700
159,200
212,400
215,000
215,800
216,100
216,200
216,200
216,200
216,200
216,200216,200216,200216,200216,100215,800215,000212,400159,200153,700147,900143,700139,000138,000137,000136,000135,000134,000133,000132,000131,000130,144
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 0-1,358,400-1,328,200-1,217,000-1,191,800-1,188,300-1,174,400-1,124,800-1,076,4000-1,437,800-1,982,900-1,944,900000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
232,900
235,600
237,600
237,900
238,000
0
0
00238,000237,900237,600235,600232,900000000000000000
   Treasury Stock000000000-600000000000000
   Other Stockholders Equity 
0
0
611,614
622,940
147,800
241,100
270,200
280,600
356,700
2,361,900
2,431,300
1,890,200
225,800
1,153,800
1,345,900
1,476,200
1,577,200
1,613,400
1,389,900
1,933,700
2,045,200
913,800
913,8002,045,2001,933,7001,389,9001,613,4001,577,2001,476,2001,345,9001,153,800225,8001,890,2002,431,3002,361,900356,700280,600270,200241,100147,800622,940611,61400



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.