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Van de Velde NV
Buy, Hold or Sell?

Should you buy, hold or sell Van de Velde NV?

I guess you are interested in Van de Velde NV. 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 Van de Velde NV

Let's start. I'm going to help you getting a better view of Van de Velde NV. 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 Van de Velde NV 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 Van de Velde NV is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Van de Velde NV. The closing price on 2023-02-07 was €31.40 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.
Van de Velde NV Daily Candlestick Chart
Van de Velde NV Daily Candlestick Chart
Summary









1. Valuation of Van de Velde NV




Current price per share

€31.40

2. Growth of Van de Velde NV




Is Van de Velde NV growing?

Current yearPrevious yearGrowGrow %
How rich?$175m$153m$21.9m12.6%

How much money is Van de Velde NV making?

Current yearPrevious yearGrowGrow %
Making money$34.3m$15.7m$18.5m54.1%
Net Profit Margin16.4%9.7%--

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

3. Financial Health of Van de Velde NV




Comparing to competitors in the Apparel Manufacturing industry




  Industry Rankings (Apparel Manufacturing)  


Richest
#86 / 229

Most Revenue
#61 / 229

Most Profit
#33 / 229


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge 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 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 Van de Velde NV.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Van de Velde NV earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Van de Velde NV to the Apparel Manufacturing industry mean.
  • A Net Profit Margin of 16.4% means that €0.16 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Van de Velde NV:

  • The MRQ is 16.4%. The company is making a huge profit. +2
  • The TTM is 16.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ16.4%TTM16.4%0.0%
TTM16.4%YOY9.7%+6.8%
TTM16.4%5Y13.1%+3.3%
5Y13.1%10Y13.4%-0.3%
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ16.4%4.0%+12.4%
TTM16.4%3.3%+13.1%
YOY9.7%2.8%+6.9%
5Y13.1%1.5%+11.6%
10Y13.4%1.9%+11.5%
1.1.2. Return on Assets

Shows how efficient Van de Velde NV is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Van de Velde NV to the Apparel Manufacturing industry mean.
  • 15.5% Return on Assets means that Van de Velde NV generated €0.15 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Van de Velde NV:

  • The MRQ is 15.5%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 15.5%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ15.5%TTM15.5%0.0%
TTM15.5%YOY8.0%+7.4%
TTM15.5%5Y14.2%+1.3%
5Y14.2%10Y14.8%-0.7%
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ15.5%1.0%+14.5%
TTM15.5%1.0%+14.5%
YOY8.0%0.8%+7.2%
5Y14.2%0.7%+13.5%
10Y14.8%0.9%+13.9%
1.1.3. Return on Equity

Shows how efficient Van de Velde NV is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Van de Velde NV to the Apparel Manufacturing industry mean.
  • 19.6% Return on Equity means Van de Velde NV generated €0.20 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Van de Velde NV:

  • The MRQ is 19.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 19.6%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ19.6%TTM19.6%0.0%
TTM19.6%YOY10.3%+9.3%
TTM19.6%5Y18.3%+1.3%
5Y18.3%10Y18.7%-0.4%
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ19.6%1.9%+17.7%
TTM19.6%2.0%+17.6%
YOY10.3%1.6%+8.7%
5Y18.3%1.3%+17.0%
10Y18.7%1.6%+17.1%

1.2. Operating Efficiency of Van de Velde NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Van de Velde NV is operating .

  • Measures how much profit Van de Velde NV 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 Van de Velde NV to the Apparel Manufacturing industry mean.
  • An Operating Margin of 20.9% means the company generated €0.21  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Van de Velde NV:

  • The MRQ is 20.9%. The company is operating efficient. +1
  • The TTM is 20.9%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ20.9%TTM20.9%0.0%
TTM20.9%YOY12.3%+8.7%
TTM20.9%5Y17.0%+4.0%
5Y17.0%10Y18.8%-1.9%
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ20.9%3.7%+17.2%
TTM20.9%3.5%+17.4%
YOY12.3%3.0%+9.3%
5Y17.0%3.2%+13.8%
10Y18.8%2.5%+16.3%
1.2.2. Operating Ratio

Measures how efficient Van de Velde NV is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Apparel Manufacturing 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 Van de Velde NV:

  • The MRQ is 0.786. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.786. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.786TTM0.7860.000
TTM0.786YOY0.872-0.086
TTM0.7865Y0.823-0.036
5Y0.82310Y0.790+0.033
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7861.383-0.597
TTM0.7861.272-0.486
YOY0.8721.181-0.309
5Y0.8231.128-0.305
10Y0.7900.970-0.180

1.3. Liquidity of Van de Velde NV.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Van de Velde NV is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Apparel Manufacturing industry mean).
  • A Current Ratio of 4.13 means the company has €4.13 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Van de Velde NV:

  • The MRQ is 4.134. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.134. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.134TTM4.1340.000
TTM4.134YOY4.331-0.198
TTM4.1345Y3.545+0.589
5Y3.54510Y3.934-0.390
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ4.1341.702+2.432
TTM4.1341.666+2.468
YOY4.3311.751+2.580
5Y3.5451.757+1.788
10Y3.9341.344+2.590
1.3.2. Quick Ratio

Measures if Van de Velde NV is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Van de Velde NV to the Apparel Manufacturing industry mean.
  • A Quick Ratio of 2.90 means the company can pay off €2.90 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Van de Velde NV:

  • The MRQ is 2.899. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.899. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.899TTM2.8990.000
TTM2.899YOY2.661+0.238
TTM2.8995Y2.068+0.831
5Y2.06810Y2.120-0.052
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8990.638+2.261
TTM2.8990.642+2.257
YOY2.6610.708+1.953
5Y2.0680.666+1.402
10Y2.1200.637+1.483

1.4. Solvency of Van de Velde NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Van de Velde NV assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Van de Velde NV to Apparel Manufacturing industry mean.
  • A Debt to Asset Ratio of 0.21 means that Van de Velde NV assets are financed with 21.3% credit (debt) and the remaining percentage (100% - 21.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Van de Velde NV:

  • The MRQ is 0.213. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.213. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.213TTM0.2130.000
TTM0.213YOY0.222-0.009
TTM0.2135Y0.228-0.016
5Y0.22810Y0.196+0.032
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2130.449-0.236
TTM0.2130.459-0.246
YOY0.2220.454-0.232
5Y0.2280.444-0.216
10Y0.1960.434-0.238
1.4.2. Debt to Equity Ratio

Measures if Van de Velde NV is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Van de Velde NV to the Apparel Manufacturing industry mean.
  • A Debt to Equity ratio of 27.0% means that company has €0.27 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Van de Velde NV:

  • The MRQ is 0.270. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.270. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.270TTM0.2700.000
TTM0.270YOY0.285-0.015
TTM0.2705Y0.297-0.027
5Y0.29710Y0.250+0.047
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2700.801-0.531
TTM0.2700.845-0.575
YOY0.2850.831-0.546
5Y0.2970.838-0.541
10Y0.2500.823-0.573

2. Market Valuation of Van de Velde NV

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Van de Velde NV generates.

  • Above 15 is considered overpriced but always compare Van de Velde NV to the Apparel Manufacturing industry mean.
  • A PE ratio of 14.10 means the investor is paying €14.10 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Van de Velde NV:

  • The EOD is 12.907. Very good. +2
  • The MRQ is 14.099. Very good. +2
  • The TTM is 14.099. Very good. +2
Trends
Current periodCompared to+/- 
EOD12.907MRQ14.099-1.192
MRQ14.099TTM14.0990.000
TTM14.099YOY20.675-6.576
TTM14.0995Y16.905-2.806
5Y16.90510Y37.280-20.376
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
EOD12.90728.273-15.366
MRQ14.09932.529-18.430
TTM14.09937.998-23.899
YOY20.67531.891-11.216
5Y16.90536.962-20.057
10Y37.28027.972+9.308
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Van de Velde NV.

  • 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 Van de Velde NV:

  • The MRQ is 6.419. Seems overpriced? -1
  • The TTM is 6.419. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ6.419TTM6.4190.000
TTM6.419YOY29.748-23.329
TTM6.4195Y18.780-12.361
5Y18.78010Y283.786-265.006
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
MRQ6.4190.129+6.290
TTM6.4190.073+6.346
YOY29.7480.050+29.698
5Y18.7800.100+18.680
10Y283.7860.100+283.686

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

Measures if the stock price of Van de Velde NV is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Apparel Manufacturing industry mean).
  • A PB ratio of 2.77 means the investor is paying €2.77 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Van de Velde NV:

  • The EOD is 2.536. Good. +1
  • The MRQ is 2.770. Good. +1
  • The TTM is 2.770. Good. +1
Trends
Current periodCompared to+/- 
EOD2.536MRQ2.770-0.234
MRQ2.770TTM2.7700.000
TTM2.770YOY2.134+0.636
TTM2.7705Y3.025-0.255
5Y3.02510Y3.826-0.801
Compared to industry (Apparel Manufacturing)
PeriodCompanyIndustry (mean)+/- 
EOD2.5361.302+1.234
MRQ2.7701.378+1.392
TTM2.7701.564+1.206
YOY2.1341.330+0.804
5Y3.0251.349+1.676
10Y3.8261.016+2.810
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Van de Velde NV 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--1.6501.6500%-0.072+104%0.718+130%-0.096+106%
Book Value Growth--1.1441.1440%0.992+15%1.070+7%0.998+15%
Book Value Per Share--12.38312.3830%10.733+15%10.603+17%10.817+14%
Book Value Per Share Growth--1.1541.1540%0.993+16%1.072+8%0.999+16%
Current Ratio--4.1344.1340%4.331-5%3.545+17%3.934+5%
Debt To Asset Ratio--0.2130.2130%0.222-4%0.228-7%0.196+8%
Debt To Equity Ratio--0.2700.2700%0.285-5%0.297-9%0.250+8%
Dividend Per Share--1.0111.0110%1.000+1%1.240-18%2.100-52%
Dividend Per Share Growth--1.0111.0110%0.970+4%0.815+24%0.970+4%
Eps--2.4332.4330%1.108+120%1.914+27%1.966+24%
Eps Growth--2.1962.1960%0.695+216%1.097+100%2.470-11%
Free Cash Flow Per Share--3.4873.4870%2.090+67%2.329+50%2.381+46%
Free Cash Flow Per Share Growth--1.6681.6680%0.600+178%2.671-38%1.866-11%
Free Cash Flow To Equity Per Share--1.8961.8960%0.622+205%0.771+146%0.118+1509%
Free Cash Flow To Equity Per Share Growth--3.0513.0510%0.326+837%0.752+306%-0.956+131%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--50.489--------
Intrinsic Value_10Y_min--27.312--------
Intrinsic Value_1Y_max--3.834--------
Intrinsic Value_1Y_min--2.979--------
Intrinsic Value_3Y_max--12.454--------
Intrinsic Value_3Y_min--8.793--------
Intrinsic Value_5Y_max--22.200--------
Intrinsic Value_5Y_min--14.392--------
Net Profit Margin--0.1640.1640%0.097+70%0.131+25%0.134+22%
Operating Margin--0.2090.2090%0.123+71%0.170+24%0.188+11%
Operating Ratio--0.7860.7860%0.872-10%0.823-4%0.7900%
Pb Ratio2.536-9%2.7702.7700%2.134+30%3.025-8%3.826-28%
Pe Ratio12.907-9%14.09914.0990%20.675-32%16.905-17%37.280-62%
Peg Ratio--6.4196.4190%29.748-78%18.780-66%283.786-98%
Price Per Share31.400-9%34.30034.3000%22.900+50%31.429+9%39.560-13%
Price To Total Gains Ratio11.799-9%12.88912.8890%24.660-48%17.084-25%30.691-58%
Profit Growth--2.1772.1770%0.694+214%1.093+99%2.471-12%
Quick Ratio--2.8992.8990%2.661+9%2.068+40%2.120+37%
Return On Assets--0.1550.1550%0.080+93%0.142+9%0.148+4%
Return On Equity--0.1960.1960%0.103+90%0.183+7%0.187+5%
Revenue Growth--1.2821.2820%0.779+65%1.001+28%1.015+26%
Total Gains Per Share--2.6612.6610%0.929+187%1.958+36%2.005+33%
Total Gains Per Share Growth--2.8662.8660%0.511+461%1.214+136%2.026+41%
Usd Book Value--175028833.000175028833.0000%153041990.000+14%151342358.000+16%154434851.300+13%
Usd Book Value Change Per Share--1.7701.7700%-0.077+104%0.771+130%-0.103+106%
Usd Book Value Per Share--13.28713.2870%11.517+15%11.377+17%11.606+14%
Usd Dividend Per Share--1.0851.0850%1.073+1%1.330-18%2.254-52%
Usd Eps--2.6102.6100%1.188+120%2.054+27%2.110+24%
Usd Free Cash Flow--49280744.00049280744.0000%29802575.000+65%33225659.600+48%33996717.400+45%
Usd Free Cash Flow Per Share--3.7413.7410%2.243+67%2.499+50%2.555+46%
Usd Free Cash Flow To Equity Per Share--2.0352.0350%0.667+205%0.828+146%0.126+1509%
Usd Price Per Share33.692-9%36.80436.8040%24.572+50%33.723+9%42.447-13%
Usd Profit--34387504.00034387504.0000%15793487.000+118%27353345.200+26%28093929.800+22%
Usd Revenue--209504323.000209504323.0000%163457601.000+28%205428639.800+2%207667132.400+1%
Usd Total Gains Per Share--2.8552.8550%0.996+187%2.101+36%2.151+33%
 EOD+3 -2MRQTTM+0 -0YOY+38 -45Y+37 -510Y+33 -9

3.2. Fundamental Score

Let's check the fundamental score of Van de Velde NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1512.907
Price to Book Ratio (EOD)Between0-12.536
Net Profit Margin (MRQ)Greater than00.164
Operating Margin (MRQ)Greater than00.209
Quick Ratio (MRQ)Greater than12.899
Current Ratio (MRQ)Greater than14.134
Debt to Asset Ratio (MRQ)Less than10.213
Debt to Equity Ratio (MRQ)Less than10.270
Return on Equity (MRQ)Greater than0.150.196
Return on Assets (MRQ)Greater than0.050.155
Total9/10 (90.0%)

3.3. Technical Score

Let's check the technical score of Van de Velde NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose31.800
Total1/1 (100.0%)



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
Other Stockholders Equity  50,1114,09954,21011,77165,9814,25870,239-77,348-7,109



Latest Balance Sheet

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

Summary
Total Assets207,177
Total Liabilities44,056
Total Stockholder Equity163,121
 As reported
Total Liabilities 44,056
Total Stockholder Equity+ 163,121
Total Assets = 207,177

Assets

Total Assets207,177
Total Current Assets133,887
Long-term Assets133,887
Total Current Assets
Cash And Cash Equivalents 73,546
Short-term Investments 5,000
Net Receivables 15,350
Inventory 43,205
Total Current Assets  (as reported)133,887
Total Current Assets  (calculated)137,101
+/- 3,214
Long-term Assets
Property Plant Equipment 33,237
Goodwill 4,617
Intangible Assets 20,276
Long-term Assets Other 14,933
Long-term Assets  (as reported)73,290
Long-term Assets  (calculated)73,063
+/- 227

Liabilities & Shareholders' Equity

Total Current Liabilities32,388
Long-term Liabilities11,668
Total Stockholder Equity163,121
Total Current Liabilities
Short-term Debt 3,776
Accounts payable 11,228
Other Current Liabilities 14,137
Total Current Liabilities  (as reported)32,388
Total Current Liabilities  (calculated)29,141
+/- 3,247
Long-term Liabilities
Long term Debt Total 8,425
Other Liabilities 3,243
Long-term Liabilities  (as reported)11,668
Long-term Liabilities  (calculated)11,668
+/-0
Total Stockholder Equity
Common Stock1,936
Retained Earnings 168,294
Capital Surplus 743
Other Stockholders Equity -7,109
Total Stockholder Equity (as reported)163,121
Total Stockholder Equity (calculated)163,864
+/- 743
Other
Capital Stock1,936
Cash and Short Term Investments 73,546
Common Stock Shares Outstanding 13,173
Liabilities and Stockholders Equity 207,177
Net Debt -60,817
Net Invested Capital 163,121
Net Tangible Assets 138,228
Net Working Capital 101,499
Short Long Term Debt Total 12,729



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-31
> Total Assets 
116,226
141,996
140,971
131,026
137,267
149,314
181,908
200,449
197,070
197,167
159,916
161,734
156,716
158,798
167,573
197,744
183,259
207,177
207,177183,259197,744167,573158,798156,716161,734159,916197,167197,070200,449181,908149,314137,267131,026140,971141,996116,226
   > Total Current Assets 
86,409
83,661
92,740
86,407
71,173
83,680
92,885
96,568
87,688
96,314
91,936
90,898
84,812
89,100
92,272
104,752
105,105
133,887
133,887105,105104,75292,27289,10084,81290,89891,93696,31487,68896,56892,88583,68071,17386,40792,74083,66186,409
       Cash And Cash Equivalents 
53,163
38,923
49,223
44,508
22,483
40,361
38,247
41,222
31,738
39,310
35,272
28,148
18,538
21,843
15,730
41,433
49,778
73,546
73,54649,77841,43315,73021,84318,53828,14835,27239,31031,73841,22238,24740,36122,48344,50849,22338,92353,163
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
2,510
182
188
127
2
5,000
5,00021271881822,510000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
17,626
14,815
18,241
18,860
20,988
25,737
21,924
14,783
15,350
15,35014,78321,92425,73720,98818,86018,24114,81517,626000000000
       Inventory 
20,060
26,127
26,381
24,463
28,919
25,859
32,814
34,178
35,199
36,377
37,149
39,158
42,494
41,983
46,703
36,946
39,350
43,205
43,20539,35036,94646,70341,98342,49439,15837,14936,37735,19934,17832,81425,85928,91924,46326,38126,12720,060
       Other Current Assets 
13,186
18,611
17,136
17,436
19,771
17,460
21,824
21,168
20,751
20,627
19,515
23,592
23,780
25,092
29,839
26,373
15,977
17,136
17,13615,97726,37329,83925,09223,78023,59219,51520,62720,75121,16821,82417,46019,77117,43617,13618,61113,186
   > Long-term Assets 
29,817
58,335
48,231
44,619
66,094
65,634
89,023
103,881
109,382
100,853
67,980
70,836
71,904
69,698
75,301
92,992
78,154
73,290
73,29078,15492,99275,30169,69871,90470,83667,980100,853109,382103,88189,02365,63466,09444,61948,23158,33529,817
       Property Plant Equipment 
17,103
17,708
18,288
17,288
17,317
19,040
20,726
26,142
32,285
30,405
29,339
34,204
37,206
35,750
33,627
51,671
39,531
33,237
33,23739,53151,67133,62735,75037,20634,20429,33930,40532,28526,14220,72619,04017,31717,28818,28817,70817,103
       Goodwill 
465
0
0
0
6,357
2,469
28,658
27,882
25,413
28,210
4,546
4,546
4,546
4,546
4,546
4,546
4,546
4,617
4,6174,5464,5464,5464,5464,5464,5464,54628,21025,41327,88228,6582,4696,357000465
       Long Term Investments 
0
0
0
0
0
0
0
0
0
13,931
14,733
14,653
14,213
14,668
12,832
0
0
0
00012,83214,66814,21314,65314,73313,931000000000
       Intangible Assets 
1,243
1,639
1,570
1,630
12,640
0
22,159
28,927
27,364
26,930
18,107
16,518
15,137
13,908
23,113
23,580
22,409
20,276
20,27622,40923,58023,11313,90815,13716,51818,10726,93027,36428,92722,159012,6401,6301,5701,6391,243
       Long-term Assets Other 
11,006
38,988
28,373
25,701
29,780
44,125
16,253
20,242
24,320
14,975
15,655
15,568
15,015
1,008
14,015
13,195
11,668
14,933
14,93311,66813,19514,0151,00815,01515,56815,65514,97524,32020,24216,25344,12529,78025,70128,37338,98811,006
> Total Liabilities 
13,436
13,568
14,152
13,640
16,383
13,582
20,176
23,319
22,476
19,731
25,220
31,638
39,487
36,532
34,191
53,913
40,629
44,056
44,05640,62953,91334,19136,53239,48731,63825,22019,73122,47623,31920,17613,58216,38313,64014,15213,56813,436
   > Total Current Liabilities 
9,489
9,432
10,228
9,763
13,164
11,248
16,890
20,435
17,530
15,164
20,555
27,177
34,642
31,499
29,118
32,118
24,266
32,388
32,38824,26632,11829,11831,49934,64227,17720,55515,16417,53020,43516,89011,24813,1649,76310,2289,4329,489
       Short-term Debt 
0
0
0
0
0
0
0
0
602
459
1,069
355
579
362
515
5,073
4,342
3,776
3,7764,3425,0735153625793551,06945960200000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
459
1,069
355
579
362
515
0
0
0
0005153625793551,069459000000000
       Accounts payable 
7,242
7,924
7,526
8,954
0
0
16,436
17,985
5,539
4,872
4,505
5,640
5,022
8,807
11,794
9,699
8,196
11,228
11,2288,1969,69911,7948,8075,0225,6404,5054,8725,53917,98516,436008,9547,5267,9247,242
       Other Current Liabilities 
2,247
1,508
2,702
809
13,164
11,248
454
2,450
11,389
9,833
14,981
21,182
29,041
22,330
13,770
11,809
10,233
14,137
14,13710,23311,80913,77022,33029,04121,18214,9819,83311,3892,45045411,24813,1648092,7021,5082,247
   > Long-term Liabilities 
3,947
4,136
3,924
3,877
3,219
2,334
3,286
2,884
4,946
4,567
4,665
4,461
4,845
5,033
5,073
21,795
16,363
11,668
11,66816,36321,7955,0735,0334,8454,4614,6654,5674,9462,8843,2862,3343,2193,8773,9244,1363,947
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,480
12,229
8,425
8,42512,22917,480000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
4,567
4,665
4,461
4,845
5,033
5,073
4,315
4,134
3,243
3,2434,1344,3155,0735,0334,8454,4614,6654,567000000000
> Total Stockholder Equity
102,790
128,428
126,819
117,386
120,884
135,732
153,643
168,134
169,979
173,460
133,979
129,231
116,620
121,808
133,382
143,831
142,630
163,121
163,121142,630143,831133,382121,808116,620129,231133,979173,460169,979168,134153,643135,732120,884117,386126,819128,428102,790
   Common Stock
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,936
1,9361,9361,9361,9361,9361,9361,9361,9361,9361,9361,9361,9361,9361,9361,9361,9361,9361,936
   Retained Earnings 
105,153
123,375
129,396
124,473
136,036
144,949
163,262
176,368
178,051
181,465
141,196
135,684
122,433
127,547
139,951
148,402
149,382
168,294
168,294149,382148,402139,951127,547122,433135,684141,196181,465178,051176,368163,262144,949136,036124,473129,396123,375105,153
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
743
743
743
743
743
743
743743743743743743000000000000
   Treasury Stock000000000000000000
   Other Stockholders Equity 
-4,299
3,117
-4,513
-9,023
-17,088
-11,153
18,541
23,268
27,774
33,509
38,314
43,126
47,327
50,111
54,210
65,981
70,239
-7,109
-7,10970,23965,98154,21050,11147,32743,12638,31433,50927,77423,26818,541-11,153-17,088-9,023-4,5133,117-4,299



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.