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Vossloh AG
Buy, Hold or Sell?

Should you buy, hold or sell Vossloh?

I guess you are interested in Vossloh 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 Vossloh

Let's start. I'm going to help you getting a better view of Vossloh 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 Vossloh 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 Vossloh AG is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Vossloh AG. The closing price on 2023-01-31 was €40.40 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.
Vossloh AG Daily Candlestick Chart
Vossloh AG Daily Candlestick Chart
Summary









1. Valuation of Vossloh




Current price per share

€40.40

2. Growth of Vossloh




Is Vossloh growing?

Current yearPrevious yearGrowGrow %
How rich?$678.2m$580.2m$72.8m11.2%

How much money is Vossloh making?

Current yearPrevious yearGrowGrow %
Making money$9.4m$9.6m-$271.3k-2.9%
Net Profit Margin3.3%3.7%--

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

3. Financial Health of Vossloh




Comparing to competitors in the Railroads industry




  Industry Rankings (Railroads)  


Richest
#76 / 100

Most Revenue
#71 / 100

Most Profit
#67 / 100


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just 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 able to pay all its debts with equity.

1.1. Profitability of Vossloh AG.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Vossloh to the Railroads industry mean.
  • A Net Profit Margin of 6.8% means that €0.07 for each €1 in revenue is generated as profit.

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

  • The MRQ is 6.8%. The company is making a profit. +1
  • The TTM is 3.3%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ6.8%TTM3.3%+3.5%
TTM3.3%YOY3.7%-0.4%
TTM3.3%5Y-1.8%+5.1%
5Y-1.8%10Y-1.5%-0.2%
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ6.8%9.5%-2.7%
TTM3.3%4.1%-0.8%
YOY3.7%4.2%-0.5%
5Y-1.8%4.7%-6.5%
10Y-1.5%5.9%-7.4%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Vossloh to the Railroads industry mean.
  • 1.3% Return on Assets means that Vossloh generated €0.01 profit for each $1 in assets.

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

  • The MRQ is 1.3%. Using its assets, the company is less efficient in making profit.
  • The TTM is 0.6%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.3%TTM0.6%+0.7%
TTM0.6%YOY0.7%-0.1%
TTM0.6%5Y-0.2%+0.8%
5Y-0.2%10Y-0.2%0.0%
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3%1.1%+0.2%
TTM0.6%0.7%-0.1%
YOY0.7%0.7%+0.0%
5Y-0.2%0.7%-0.9%
10Y-0.2%1.0%-1.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Vossloh to the Railroads industry mean.
  • 3.2% Return on Equity means Vossloh generated €0.03 for each €1 the owners (shareholders) invested.

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

  • The MRQ is 3.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.5%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.2%TTM1.5%+1.7%
TTM1.5%YOY1.8%-0.3%
TTM1.5%5Y-0.9%+2.4%
5Y-0.9%10Y-1.1%+0.2%
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2%2.0%+1.2%
TTM1.5%1.6%-0.1%
YOY1.8%1.8%0.0%
5Y-0.9%1.8%-2.7%
10Y-1.1%2.2%-3.3%

1.2. Operating Efficiency of Vossloh AG.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Vossloh is operating .

  • Measures how much profit Vossloh 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 Vossloh to the Railroads industry mean.
  • An Operating Margin of 8.8% means the company generated €0.09  for each €1 in revenue (before taxes).

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

  • The MRQ is 8.8%. The company is operating less efficient.
  • The TTM is 5.4%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ8.8%TTM5.4%+3.4%
TTM5.4%YOY7.6%-2.2%
TTM5.4%5Y2.7%+2.7%
5Y2.7%10Y2.3%+0.4%
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ8.8%11.8%-3.0%
TTM5.4%5.9%-0.5%
YOY7.6%5.4%+2.2%
5Y2.7%6.5%-3.8%
10Y2.3%5.2%-2.9%
1.2.2. Operating Ratio

Measures how efficient Vossloh is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Railroads industry mean).
  • An Operation Ratio of 0.91 means that the operating costs are €0.91 for each €1 in net sales.

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

  • The MRQ is 0.912. The company is less efficient in keeping operating costs low.
  • The TTM is 0.947. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.912TTM0.947-0.035
TTM0.947YOY0.927+0.021
TTM0.9475Y0.952-0.004
5Y0.95210Y0.961-0.010
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9121.278-0.366
TTM0.9471.289-0.342
YOY0.9271.208-0.281
5Y0.9521.085-0.133
10Y0.9610.964-0.003

1.3. Liquidity of Vossloh AG.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Railroads industry mean).
  • A Current Ratio of 1.55 means the company has €1.55 in assets for each €1 in short-term debts.

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

  • The MRQ is 1.552. The company is able to pay all its short-term debts. +1
  • The TTM is 1.438. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.552TTM1.438+0.114
TTM1.438YOY1.149+0.288
TTM1.4385Y1.348+0.089
5Y1.34810Y1.281+0.067
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5521.278+0.274
TTM1.4381.360+0.078
YOY1.1491.251-0.102
5Y1.3481.306+0.042
10Y1.2811.095+0.186
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Vossloh to the Railroads industry mean.
  • A Quick Ratio of 0.92 means the company can pay off €0.92 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 0.919. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.851. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.919TTM0.851+0.068
TTM0.851YOY0.743+0.108
TTM0.8515Y0.738+0.113
5Y0.73810Y0.482+0.256
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9190.667+0.252
TTM0.8510.646+0.205
YOY0.7430.655+0.088
5Y0.7380.693+0.045
10Y0.4820.646-0.164

1.4. Solvency of Vossloh AG.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Vossloh to Railroads industry mean.
  • A Debt to Asset Ratio of 0.56 means that Vossloh assets are financed with 56.4% credit (debt) and the remaining percentage (100% - 56.4%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.564. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.556. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.564TTM0.556+0.008
TTM0.556YOY0.580-0.024
TTM0.5565Y0.606-0.051
5Y0.60610Y0.643-0.036
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5640.520+0.044
TTM0.5560.541+0.015
YOY0.5800.543+0.037
5Y0.6060.537+0.069
10Y0.6430.525+0.118
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Vossloh to the Railroads 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 Vossloh AG:

  • The MRQ is 1.373. The company is able to pay all its debts with equity. +1
  • The TTM is 1.323. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.373TTM1.323+0.050
TTM1.323YOY1.474-0.151
TTM1.3235Y1.659-0.336
5Y1.65910Y2.042-0.383
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3731.037+0.336
TTM1.3231.105+0.218
YOY1.4741.172+0.302
5Y1.6591.128+0.531
10Y2.0421.172+0.870

2. Market Valuation of Vossloh 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 Vossloh generates.

  • Above 15 is considered overpriced but always compare Vossloh to the Railroads industry mean.
  • A PE ratio of 31.68 means the investor is paying €31.68 for every €1 in earnings.

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

  • The EOD is 41.019. Good. +1
  • The MRQ is 31.678. Good. +1
  • The TTM is 1,094.256. Seems overpriced? -1
Trends
Current periodCompared to+/- 
EOD41.019MRQ31.678+9.341
MRQ31.678TTM1,094.256-1,062.578
TTM1,094.256YOY125.037+969.219
TTM1,094.2565Y323.142+771.114
5Y323.14210Y189.985+133.158
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
EOD41.01955.695-14.676
MRQ31.67854.390-22.712
TTM1,094.25674.754+1,019.502
YOY125.03762.792+62.245
5Y323.14250.414+272.728
10Y189.98548.782+141.203
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Vossloh.

  • 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 Vossloh AG:

  • The MRQ is 22.029. Seems overpriced? -1
  • The TTM is 23,226.251. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ22.029TTM23,226.251-23,204.222
TTM23,226.251YOY282.745+22,943.506
TTM23,226.2515Y5,346.092+17,880.159
5Y5,346.09210Y4,576.255+769.837
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
MRQ22.0290.524+21.505
TTM23,226.251-0.088+23,226.339
YOY282.7450.079+282.666
5Y5,346.092-0.028+5,346.120
10Y4,576.255-0.011+4,576.266

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

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

  • At or below 1 is considered healthy (always compare to Railroads industry mean).
  • A PB ratio of 0.88 means the investor is paying €0.88 for each €1 in book value.

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

  • The EOD is 1.142. Good. +1
  • The MRQ is 0.882. Very good. +2
  • The TTM is 1.060. Good. +1
Trends
Current periodCompared to+/- 
EOD1.142MRQ0.882+0.260
MRQ0.882TTM1.060-0.178
TTM1.060YOY1.439-0.379
TTM1.0605Y1.372-0.312
5Y1.37210Y1.862-0.490
Compared to industry (Railroads)
PeriodCompanyIndustry (mean)+/- 
EOD1.1421.416-0.274
MRQ0.8821.457-0.575
TTM1.0601.747-0.687
YOY1.4391.622-0.183
5Y1.3721.472-0.100
10Y1.8621.204+0.658
2. Total Gains per Share

2.4. Latest News of Vossloh AG

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

DateTitleRead
2023-01-23
13:59
Vossloh AG's (ETR:VOS) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Read
2023-01-09
13:40
Investing in Vossloh (ETR:VOS) three years ago would have delivered you a 20% gainRead

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Vossloh 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--1.6420.600+173%2.495-34%0.166+891%0.192+754%
Book Value Growth--1.0491.019+3%1.105-5%1.009+4%1.012+4%
Book Value Per Share--35.37734.159+4%30.440+16%29.154+21%28.051+26%
Book Value Per Share Growth--1.0491.018+3%1.105-5%1.009+4%1.012+4%
Current Ratio--1.5521.438+8%1.149+35%1.348+15%1.281+21%
Debt To Asset Ratio--0.5640.556+2%0.580-3%0.606-7%0.643-12%
Debt To Equity Ratio--1.3731.323+4%1.474-7%1.659-17%2.042-33%
Dividend Per Share---0.249-100%0.371-100%0.370-100%0.235-100%
Dividend Per Share Growth----0%-0%0.300-100%0.579-100%
Eps--0.9850.427+130%0.457+116%-0.211+121%-0.221+122%
Eps Growth--1.4388.219-83%1.332+8%1.341+7%-4.790+433%
Free Cash Flow Per Share---0.294-0.376+28%0.925-132%-0.142-52%0.034-972%
Free Cash Flow Per Share Growth--1.8280.376+387%4.212-57%1.112+64%1.635+12%
Free Cash Flow To Equity Per Share---0.096-0.766+696%-2.905+2919%-0.939+876%-0.345+259%
Free Cash Flow To Equity Per Share Growth--1.9500.631+209%-1.125+158%0.079+2377%0.534+265%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--35.515--------
Intrinsic Value_10Y_min---252.881--------
Intrinsic Value_1Y_max--0.796--------
Intrinsic Value_1Y_min---5.587--------
Intrinsic Value_3Y_max--4.497--------
Intrinsic Value_3Y_min---33.996--------
Intrinsic Value_5Y_max--10.736--------
Intrinsic Value_5Y_min---81.046--------
Net Profit Margin--0.0680.033+106%0.037+83%-0.018+126%-0.015+123%
Operating Margin--0.0880.054+63%0.076+16%0.027+224%0.023+280%
Operating Ratio--0.9120.947-4%0.927-2%0.952-4%0.961-5%
Pb Ratio1.142+23%0.8821.060-17%1.439-39%1.372-36%1.862-53%
Pe Ratio41.019+23%31.6781094.256-97%125.037-75%323.142-90%189.985-83%
Peg Ratio--22.02923226.251-100%282.745-92%5346.092-100%4576.255-100%
Price Per Share40.400+23%31.20036.113-14%43.088-28%39.275-21%50.539-38%
Price To Total Gains Ratio24.611+23%19.00754.951-65%45.694-58%88.703-79%109.846-83%
Profit Growth--1.5622.279-31%1.426+10%0.176+790%-5.373+444%
Quick Ratio--0.9190.851+8%0.743+24%0.738+25%0.482+91%
Return On Assets--0.0130.006+112%0.007+86%-0.002+117%-0.002+116%
Return On Equity--0.0320.015+113%0.018+80%-0.009+128%-0.011+135%
Revenue Growth--1.1011.048+5%1.025+7%1.022+8%1.023+8%
Total Gains Per Share--1.6420.849+93%2.867-43%0.536+206%0.427+284%
Total Gains Per Share Growth--2.4141.405+72%3.215-25%1.437+68%5.363-55%
Usd Book Value--678250000.000653019100.000+4%580202180.000+17%556593654.000+22%535125685.000+27%
Usd Book Value Change Per Share--1.7810.651+173%2.708-34%0.180+891%0.208+754%
Usd Book Value Per Share--38.39237.070+4%33.033+16%31.638+21%30.441+26%
Usd Dividend Per Share---0.270-100%0.403-100%0.402-100%0.255-100%
Usd Eps--1.0690.464+130%0.496+116%-0.229+121%-0.239+122%
Usd Free Cash Flow---5643040.000-7216580.000+28%17634500.000-132%-2778112.000-51%604999.000-1033%
Usd Free Cash Flow Per Share---0.319-0.408+28%1.004-132%-0.154-52%0.037-972%
Usd Free Cash Flow To Equity Per Share---0.104-0.831+696%-3.153+2919%-1.019+876%-0.375+259%
Usd Price Per Share43.842+23%33.85839.189-14%46.759-28%42.621-21%54.845-38%
Usd Profit--20510280.0009414110.000+118%9685410.000+112%-3575734.000+117%-3982684.000+119%
Usd Revenue--303638960.000271462780.000+12%257843520.000+18%245472240.000+24%285570380.000+6%
Usd Total Gains Per Share--1.7810.922+93%3.111-43%0.581+206%0.463+284%
 EOD+2 -3MRQTTM+33 -8YOY+26 -155Y+34 -810Y+33 -9

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1541.019
Price to Book Ratio (EOD)Between0-11.142
Net Profit Margin (MRQ)Greater than00.068
Operating Margin (MRQ)Greater than00.088
Quick Ratio (MRQ)Greater than10.919
Current Ratio (MRQ)Greater than11.552
Debt to Asset Ratio (MRQ)Less than10.564
Debt to Equity Ratio (MRQ)Less than11.373
Return on Equity (MRQ)Greater than0.150.032
Return on Assets (MRQ)Greater than0.050.013
Total4/10 (40.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.297
Ma 20Greater thanMa 5041.340
Ma 50Greater thanMa 10040.443
Ma 100Greater thanMa 20037.538
OpenGreater thanClose40.150
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets1,434,500
Total Liabilities809,500
Total Stockholder Equity589,700
 As reported
Total Liabilities 809,500
Total Stockholder Equity+ 589,700
Total Assets = 1,434,500

Assets

Total Assets1,434,500
Total Current Assets675,700
Long-term Assets675,700
Total Current Assets
Cash And Cash Equivalents 64,700
Short-term Investments 21,400
Net Receivables 292,800
Other Current Assets 330,500
Total Current Assets  (as reported)675,700
Total Current Assets  (calculated)709,400
+/- 33,700
Long-term Assets
Property Plant Equipment 322,400
Intangible Assets 352,700
Long-term Assets Other 31,700
Long-term Assets  (as reported)758,800
Long-term Assets  (calculated)706,800
+/- 52,000

Liabilities & Shareholders' Equity

Total Current Liabilities435,500
Long-term Liabilities374,000
Total Stockholder Equity589,700
Total Current Liabilities
Accounts payable 162,700
Other Current Liabilities 265,000
Total Current Liabilities  (as reported)435,500
Total Current Liabilities  (calculated)427,700
+/- 7,800
Long-term Liabilities
Long term Debt Total 308,700
Other Liabilities 65,300
Long-term Liabilities  (as reported)374,000
Long-term Liabilities  (calculated)374,000
+/-0
Total Stockholder Equity
Common Stock49,900
Capital Surplus 190,500
Other Stockholders Equity 354,100
Total Stockholder Equity (as reported)589,700
Total Stockholder Equity (calculated)594,500
+/- 4,800
Other
Capital Stock49,900
Cash And Equivalents64,700
Cash and Short Term Investments 86,100
Common Stock Shares Outstanding 17,667
Liabilities and Stockholders Equity 1,399,200
Net Debt -64,700
Net Invested Capital 589,700
Net Tangible Assets 237,000
Net Working Capital 240,200



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
1,338,400
1,413,300
1,448,400
1,452,900
1,405,800
1,444,300
1,493,400
1,486,300
1,512,300
1,510,400
1,566,400
1,549,400
1,523,100
1,621,500
1,641,700
1,673,400
1,586,300
1,643,300
1,576,400
1,626,100
1,598,300
1,644,400
1,664,200
1,659,800
1,375,100
1,357,600
1,427,900
1,394,700
1,367,600
1,222,700
1,241,400
1,286,100
1,252,900
1,213,400
1,204,700
1,213,400
1,265,400
1,443,300
1,443,900
1,416,800
1,331,400
1,373,500
1,232,700
1,226,900
1,216,500
1,310,600
1,276,600
1,272,400
1,289,400
1,326,300
1,373,100
1,434,500
1,434,5001,373,1001,326,3001,289,4001,272,4001,276,6001,310,6001,216,5001,226,9001,232,7001,373,5001,331,4001,416,8001,443,9001,443,3001,265,4001,213,4001,204,7001,213,4001,252,9001,286,1001,241,4001,222,7001,367,6001,394,7001,427,9001,357,6001,375,1001,659,8001,664,2001,644,4001,598,3001,626,1001,576,4001,643,3001,586,3001,673,4001,641,7001,621,5001,523,1001,549,4001,566,4001,510,4001,512,3001,486,3001,493,4001,444,3001,405,8001,452,9001,448,4001,413,3001,338,400000
   > Total Current Assets 
0
0
0
848,800
820,000
836,700
837,700
779,400
816,300
857,700
828,900
841,200
837,400
872,500
850,100
807,000
889,000
913,400
936,000
840,800
876,800
893,200
932,600
938,400
961,700
994,300
1,078,400
794,800
784,700
853,000
884,400
844,900
578,300
610,900
655,700
656,900
628,700
609,700
606,400
601,700
727,800
727,800
727,400
650,400
667,100
520,700
521,700
495,800
589,900
565,600
550,600
546,600
580,100
624,300
675,700
675,700624,300580,100546,600550,600565,600589,900495,800521,700520,700667,100650,400727,400727,800727,800601,700606,400609,700628,700656,900655,700610,900578,300844,900884,400853,000784,700794,8001,078,400994,300961,700938,400932,600893,200876,800840,800936,000913,400889,000807,000850,100872,500837,400841,200828,900857,700816,300779,400837,700836,700820,000848,800000
       Cash And Cash Equivalents 
0
0
0
156,500
78,500
82,200
74,000
74,600
130,600
116,200
54,000
85,400
79,000
96,600
52,300
65,900
58,100
39,100
45,800
55,500
58,800
40,800
38,300
58,500
46,300
63,500
54,400
78,800
55,500
135,100
128,100
171,200
49,700
47,300
87,300
96,300
67,100
76,700
52,800
48,700
36,900
60,000
36,400
56,700
44,000
61,300
54,200
67,800
105,300
91,200
77,600
75,000
82,000
60,000
64,700
64,70060,00082,00075,00077,60091,200105,30067,80054,20061,30044,00056,70036,40060,00036,90048,70052,80076,70067,10096,30087,30047,30049,700171,200128,100135,10055,50078,80054,40063,50046,30058,50038,30040,80058,80055,50045,80039,10058,10065,90052,30096,60079,00085,40054,000116,200130,60074,60074,00082,20078,500156,500000
       Short-term Investments 
0
0
0
800
1,600
3,200
3,300
1,300
4,500
7,100
1,700
2,800
1,600
6,100
5,500
4,000
4,300
5,300
7,100
8,700
400
500
4,300
500
700
700
1,000
500
400
400
500
500
600
700
700
500
500
500
500
6,300
42,300
30,900
27,300
2,400
32,000
31,900
27,300
1,600
19,700
19,000
19,400
2,300
18,600
16,800
21,400
21,40016,80018,6002,30019,40019,00019,7001,60027,30031,90032,0002,40027,30030,90042,3006,3005005005005007007006005005004004005001,0007007005004,3005004008,7007,1005,3004,3004,0005,5006,1001,6002,8001,7007,1004,5001,3003,3003,2001,600800000
       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
217,800
218,600
252,900
245,300
254,800
218,900
212,000
221,800
254,100
235,400
233,400
215,000
260,900
217,900
203,500
226,600
247,500
247,400
239,400
229,600
261,500
225,100
257,300
292,800
292,800257,300225,100261,500229,600239,400247,400247,500226,600203,500217,900260,900215,000233,400235,400254,100221,800212,000218,900254,800245,300252,900218,600217,8000000000000000000000000000000000
       Other Current Assets 
0
0
0
349,500
385,600
417,700
426,600
403,000
358,500
402,400
427,600
401,500
386,900
398,600
419,000
401,500
418,100
464,800
467,100
454,400
425,200
436,300
461,400
527,200
474,000
499,800
661,900
433,400
378,700
354,100
498,300
456,200
266,100
302,200
296,900
406,700
383,700
356,300
370,500
373,400
441,100
436,400
469,900
439,900
424,700
248,400
261,000
264,600
274,800
268,200
261,300
279,300
256,100
295,100
330,500
330,500295,100256,100279,300261,300268,200274,800264,600261,000248,400424,700439,900469,900436,400441,100373,400370,500356,300383,700406,700296,900302,200266,100456,200498,300354,100378,700433,400661,900499,800474,000527,200461,400436,300425,200454,400467,100464,800418,100401,500419,000398,600386,900401,500427,600402,400358,500403,000426,600417,700385,600349,500000
   > Long-term Assets 
0
0
0
489,600
593,300
611,700
615,200
626,400
628,000
635,700
657,400
671,100
673,000
693,900
699,300
716,100
732,500
728,300
737,400
745,500
766,500
683,200
693,500
659,900
682,700
669,900
581,400
580,300
572,900
574,900
510,300
522,700
644,400
630,500
630,400
596,000
584,700
595,000
607,000
663,700
715,500
716,100
689,400
681,000
706,400
712,000
705,200
720,700
720,700
711,000
721,800
742,800
746,200
748,800
758,800
758,800748,800746,200742,800721,800711,000720,700720,700705,200712,000706,400681,000689,400716,100715,500663,700607,000595,000584,700596,000630,400630,500644,400522,700510,300574,900572,900580,300581,400669,900682,700659,900693,500683,200766,500745,500737,400728,300732,500716,100699,300693,900673,000671,100657,400635,700628,000626,400615,200611,700593,300489,600000
       Property Plant Equipment 
0
0
0
121,600
148,300
155,200
156,400
162,000
169,100
174,100
182,400
190,300
190,300
195,000
199,500
206,300
214,200
214,300
219,200
255,600
245,300
222,400
226,700
228,100
235,600
228,400
213,600
215,600
211,800
211,200
180,400
184,400
238,900
229,100
223,600
212,500
208,800
217,200
224,900
268,600
313,000
314,000
295,000
296,800
301,700
304,600
301,300
313,600
319,000
317,100
316,000
323,800
322,500
323,300
322,400
322,400323,300322,500323,800316,000317,100319,000313,600301,300304,600301,700296,800295,000314,000313,000268,600224,900217,200208,800212,500223,600229,100238,900184,400180,400211,200211,800215,600213,600228,400235,600228,100226,700222,400245,300255,600219,200214,300214,200206,300199,500195,000190,300190,300182,400174,100169,100162,000156,400155,200148,300121,600000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
377,000
0
0
0
376,500
0
0
0
301,100
0
0
0
259,100
0
0
0
229,200
0
0
0
251,200
0
0
0
265,400
0
0
0
252,300
0
0
0
260,200
0
0
0
297,400
0
0
0
000297,400000260,200000252,300000265,400000251,200000229,200000259,100000301,100000376,500000377,000000000000000000
       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
40,100
44,400
48,100
57,300
70,600
72,900
73,400
75,100
72,500
74,700
76,400
79,600
80,100
0
0
0
0
0
0
0
0
0
0
0
0000000000080,10079,60076,40074,70072,50075,10073,40072,90070,60057,30048,10044,40040,1000000000000000000000000000000000
       Intangible Assets 
0
0
0
322,100
396,200
403,900
406,400
406,200
403,400
403,600
413,700
415,100
0
432,000
0
62,400
0
0
0
64,900
0
0
0
37,200
0
0
0
34,900
0
0
0
31,300
325,300
312,700
310,100
29,200
277,800
280,900
280,800
35,900
304,000
300,700
290,900
27,800
295,500
300,700
297,600
39,400
303,800
317,500
328,800
45,800
346,900
349,400
352,700
352,700349,400346,90045,800328,800317,500303,80039,400297,600300,700295,50027,800290,900300,700304,00035,900280,800280,900277,80029,200310,100312,700325,30031,30000034,90000037,20000064,90000062,4000432,0000415,100413,700403,600403,400406,200406,400403,900396,200322,100000
       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
79,800
35,800
40,600
39,400
67,300
25,200
23,500
26,200
60,600
190,400
200,100
240,700
78,500
31,200
28,200
35,300
94,500
24,900
20,000
20,200
78,300
24,300
22,500
22,800
22,80022,50024,30078,30020,20020,00024,90094,50035,30028,20031,20078,500240,700200,100190,40060,60026,20023,50025,20067,30039,40040,60035,80079,8000000000000000000000000000000000
> Total Liabilities 
0
0
0
845,800
887,500
911,200
896,800
825,800
850,400
918,800
941,200
1,029,500
1,023,900
1,098,900
1,063,000
1,017,400
1,107,800
1,164,100
1,191,100
1,096,000
1,062,400
1,163,200
1,231,600
1,248,700
1,290,900
1,302,200
1,307,800
946,400
931,200
867,100
849,000
816,800
666,200
682,200
722,900
720,500
686,300
685,400
693,300
742,100
939,900
912,400
953,600
927,800
980,600
841,100
823,000
802,000
734,800
707,500
693,200
701,500
728,200
777,100
809,500
809,500777,100728,200701,500693,200707,500734,800802,000823,000841,100980,600927,800953,600912,400939,900742,100693,300685,400686,300720,500722,900682,200666,200816,800849,000867,100931,200946,4001,307,8001,302,2001,290,9001,248,7001,231,6001,163,2001,062,4001,096,0001,191,1001,164,1001,107,8001,017,4001,063,0001,098,9001,023,9001,029,500941,200918,800850,400825,800896,800911,200887,500845,800000
   > Total Current Liabilities 
0
0
0
510,300
542,200
539,100
531,400
488,200
521,200
594,100
615,300
688,600
678,400
742,100
712,600
663,300
760,200
794,900
959,400
864,200
835,100
988,600
1,044,300
1,088,700
1,125,000
958,900
967,800
599,400
600,100
532,000
549,800
506,500
433,400
456,800
345,400
408,000
385,200
386,500
391,700
420,600
571,300
554,000
606,100
478,400
485,100
369,500
588,700
499,100
516,700
492,100
419,400
412,000
428,700
410,900
435,500
435,500410,900428,700412,000419,400492,100516,700499,100588,700369,500485,100478,400606,100554,000571,300420,600391,700386,500385,200408,000345,400456,800433,400506,500549,800532,000600,100599,400967,800958,9001,125,0001,088,7001,044,300988,600835,100864,200959,400794,900760,200663,300712,600742,100678,400688,600615,300594,100521,200488,200531,400539,100542,200510,300000
       Short-term Debt 
0
0
0
59,600
94,400
84,000
68,900
25,500
29,700
35,100
72,200
137,200
0
134,400
121,500
85,800
166,500
145,000
269,300
140,900
128,100
258,500
288,300
281,200
288,100
137,600
132,200
25,900
77,100
13,600
14,300
8,700
89,200
132,800
12,700
55,700
66,800
64,300
88,500
88,600
153,500
120,100
189,400
41,300
37,200
51,000
0
175,000
0
0
0
64,100
0
0
0
00064,100000175,000051,00037,20041,300189,400120,100153,50088,60088,50064,30066,80055,70012,700132,80089,2008,70014,30013,60077,10025,900132,200137,600288,100281,200288,300258,500128,100140,900269,300145,000166,50085,800121,500134,4000137,20072,20035,10029,70025,50068,90084,00094,40059,600000
       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
255,600
237,000
281,100
312,100
304,500
315,700
313,300
0
0
0
0
0
41,300
0
51,000
0
165,500
0
0
0
54,900
0
0
0
00054,900000165,500051,000041,30000000313,300315,700304,500312,100281,100237,000255,6000000000000000000000000000000000
       Accounts payable 
0
0
0
229,900
201,900
210,900
204,000
204,900
217,500
282,400
275,300
314,500
337,100
373,300
340,400
349,400
375,900
190,300
171,600
178,600
162,500
169,500
173,900
197,600
192,900
203,600
161,400
172,500
143,500
164,700
149,900
132,100
147,900
143,600
153,600
141,900
124,500
133,400
119,400
139,200
129,800
153,000
112,000
132,800
124,900
133,300
130,400
152,300
141,800
143,800
144,000
149,200
146,500
161,100
162,700
162,700161,100146,500149,200144,000143,800141,800152,300130,400133,300124,900132,800112,000153,000129,800139,200119,400133,400124,500141,900153,600143,600147,900132,100149,900164,700143,500172,500161,400203,600192,900197,600173,900169,500162,500178,600171,600190,300375,900349,400340,400373,300337,100314,500275,300282,400217,500204,900204,000210,900201,900229,900000
       Other Current Liabilities 
0
0
0
220,800
245,900
244,200
258,500
257,800
274,000
276,600
267,800
236,900
341,300
234,400
250,700
228,100
217,800
459,600
518,500
544,700
544,500
560,600
582,100
609,900
644,000
617,700
674,200
401,000
379,500
353,700
385,600
365,700
196,300
180,400
179,100
210,400
193,900
188,800
183,800
192,800
288,000
280,900
304,700
304,300
323,000
185,200
458,300
171,800
374,900
348,300
267,000
180,400
274,300
243,900
265,000
265,000243,900274,300180,400267,000348,300374,900171,800458,300185,200323,000304,300304,700280,900288,000192,800183,800188,800193,900210,400179,100180,400196,300365,700385,600353,700379,500401,000674,200617,700644,000609,900582,100560,600544,500544,700518,500459,600217,800228,100250,700234,400341,300236,900267,800276,600274,000257,800258,500244,200245,900220,800000
   > Long-term Liabilities 
0
0
0
335,500
345,300
372,100
365,400
337,600
329,200
324,700
325,900
340,900
345,500
356,800
350,400
354,100
347,600
369,200
231,700
231,800
227,300
174,600
187,300
160,000
165,900
343,300
340,000
347,000
331,100
335,100
299,200
310,300
232,800
225,400
377,500
312,500
301,100
298,900
301,600
321,500
368,600
358,400
347,500
449,400
495,500
471,600
234,300
302,900
218,100
215,400
273,800
289,500
299,500
366,200
374,000
374,000366,200299,500289,500273,800215,400218,100302,900234,300471,600495,500449,400347,500358,400368,600321,500301,600298,900301,100312,500377,500225,400232,800310,300299,200335,100331,100347,000340,000343,300165,900160,000187,300174,600227,300231,800231,700369,200347,600354,100350,400356,800345,500340,900325,900324,700329,200337,600365,400372,100345,300335,500000
       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
397,800
366,200
398,000
385,800
440,200
415,800
176,200
244,500
159,900
155,700
212,700
222,400
234,900
300,500
308,700
308,700300,500234,900222,400212,700155,700159,900244,500176,200415,800440,200385,800398,000366,200397,8000000000000000000000000000000000000000000
       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
63,400
85,000
77,100
78,100
63,700
52,200
49,900
49,400
53,600
58,000
55,300
63,400
63,600
55,300
55,800
58,100
58,400
58,200
59,700
61,100
67,100
64,600
65,700
65,300
65,30065,70064,60067,10061,10059,70058,20058,40058,10055,80055,30063,60063,40055,30058,00053,60049,40049,90052,20063,70078,10077,10085,00063,4000000000000000000000000000000000
       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
16,000
0
0
0
6,300
0
0
0
7,300
0
0
0
5,000
0
0
0
4,900
0
0
0
4,200
0
0
0
0004,2000004,9000005,0000007,3000006,30000016,0000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
472,200
499,400
506,300
530,900
552,100
565,100
545,600
526,100
468,800
472,800
452,800
471,800
489,800
495,800
458,700
464,200
470,600
560,500
390,000
377,600
329,900
329,900
337,600
335,100
411,700
409,000
542,500
530,600
532,800
536,600
537,900
539,400
517,400
511,100
501,300
502,000
512,500
490,800
518,700
454,200
394,200
379,800
375,000
390,900
398,600
552,800
542,600
554,700
559,300
566,900
563,400
589,700
589,700563,400566,900559,300554,700542,600552,800398,600390,900375,000379,800394,200454,200518,700490,800512,500502,000501,300511,100517,400539,400537,900536,600532,800530,600542,500409,000411,700335,100337,600329,900329,900377,600390,000560,500470,600464,200458,700495,800489,800471,800452,800472,800468,800526,100545,600565,100552,100530,900506,300499,400472,200000
   Common Stock
0
0
0
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
45,300
45,300
45,300
45,300
45,300
45,300
45,300
45,300
45,300
45,300
45,300
45,300
49,800
49,800
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,900
49,90049,90049,90049,90049,90049,90049,90049,90049,90049,90049,90049,90049,80049,80045,30045,30045,30045,30045,30045,30045,30045,30045,30045,30045,30045,30037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,80037,800000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000-352,200000-327,300000-299,400000-271,800000-284,200000-281,200000-281,400000-262,800000-242,600000-215,800000-200,2000000000
   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
146,500
190,300
190,500
190,400
190,400
190,400
190,400
190,400
190,400
190,400
190,400
190,400
190,400
190,400
190,500
190,500190,400190,400190,400190,400190,400190,400190,400190,400190,400190,400190,400190,500190,300146,5000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
342,000
347,200
410,800
410,200
610,000
412,400
474,900
444,400
585,300
-55,100
-54,700
-52,500
182,800
-52,200
-59,400
-61,900
196,700
26,100
25,800
32,200
308,200
34,400
37,800
34,200
322,400
41,100
154,300
153,100
438,500
157,800
153,000
149,800
422,200
150,300
148,500
148,100
447,900
150,300
191,100
189,000
512,900
176,400
180,300
178,300
528,600
329,000
330,000
331,200
337,400
341,800
345,300
354,100
354,100345,300341,800337,400331,200330,000329,000528,600178,300180,300176,400512,900189,000191,100150,300447,900148,100148,500150,300422,200149,800153,000157,800438,500153,100154,30041,100322,40034,20037,80034,400308,20032,20025,80026,100196,700-61,900-59,400-52,200182,800-52,500-54,700-55,100585,300444,400474,900412,400610,000410,200410,800347,200342,000000



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.