France Tel. |
|
|
KE |
KE |
|
KE |
|
|
|
|
France Tel. |
|
|
|
|
|
Mrd. |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
Mrd. |
2008 |
2009 |
2010 |
2011 |
2012 |
|
|
|
|
|
|
|
|
|
|
46,60 vgl. 09 |
|
46,80 vgl. 09 |
neu U-Con. |
|
|
|
Umsatz |
24,65 |
27,23 |
33,67 |
43,03 |
46,63 |
46,12 |
47,16 |
49,04 |
51,70 |
52,96 |
Umsatz |
53,49 |
45,95 |
45,50 |
45,27 |
43,52 |
C.O.S. |
13,52 |
14,57 |
18,46 |
24,53 |
26,47 |
24,76 |
24,58 |
27,18 |
30,63 |
31,27 |
C.O.S. |
31,43 |
25,59 |
25,84 |
26,37 |
25,43 |
GM |
11,13 |
12,66 |
15,21 |
18,50 |
20,16 |
21,36 |
22,58 |
21,86 |
21,07 |
21,69 |
GM |
22,06 |
20,36 |
19,66 |
18,90 |
18,09 |
GMR |
45% |
46% |
45% |
43% |
43% |
46% |
48% |
45% |
41% |
41% |
GMR |
41% |
44% |
43% |
42% |
42% |
S.G.A. |
|
|
|
|
|
|
|
|
|
|
S.G.A. |
|
|
10,93 |
10,59 |
12,22 |
S.G.A./GM |
|
|
|
|
|
|
|
|
|
|
S.G.A./GM |
|
|
56% |
56% |
68% |
Oper. Inc. |
|
|
|
|
|
|
|
|
|
|
Oper. Inc. |
|
|
8,73 |
8,31 |
5,87 |
O.I.R. |
|
|
|
|
|
|
|
|
|
|
O.I.R. |
|
|
19% |
18% |
13% |
Zinsen |
|
|
|
|
|
|
|
|
|
|
Zinsen |
|
|
2,12 |
2,07 |
1,77 |
Zinsen/Op.
Inc. |
|
|
|
|
|
|
|
|
|
|
Zinsen/Op. Inc. |
|
|
24% |
25% |
30% |
Equity+Z.erg. |
|
|
|
|
|
|
|
|
|
|
Equity+Z.erg. |
|
|
0,10 |
-0,06 |
-0,22 |
EBTv.And |
|
|
|
|
|
|
|
|
|
|
EBTv.And |
|
|
6,71 |
6,18 |
3,88 |
EBTv.And R |
|
|
|
|
|
|
|
|
|
|
EBTv.And R |
|
|
15% |
14% |
9% |
Andere |
|
|
|
|
|
|
|
|
|
|
Andere |
|
|
-0,08 |
-0,26 |
-1,54 |
Andere/U |
|
|
|
|
|
|
|
|
|
|
Andere/U |
|
|
0% |
-1% |
-4% |
EBT |
|
|
|
|
|
|
|
|
|
|
EBT |
|
|
6,63 |
5,92 |
2,34 |
Tax |
|
|
|
|
|
|
|
|
|
|
Tax |
|
|
1,76 |
2,09 |
1,23 |
Minority
Int. |
|
|
|
|
|
|
|
|
|
|
Minority Int. |
|
|
0,00 |
-0,07 |
0,28 |
N.I. |
2,17 |
2,57 |
3,61 |
8,99 |
20,91 |
3,21 |
2,78 |
5,71 |
4,14 |
6,30 |
N.I. |
4,07 |
3,00 |
4,88 |
3,90 |
0,82 |
UR |
9% |
9% |
11% |
21% |
45% |
7% |
6% |
12% |
8% |
12% |
UR |
8% |
7% |
11% |
9% |
2% |
EBIT |
|
|
|
|
|
|
|
|
|
|
EBIT |
|
|
|
|
|
EBITDA |
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
|
|
|
|
SD |
7,80 |
3,07 |
5,38 |
35,58 |
8,50 |
32,50 |
18,66 |
10,75 |
10,30 |
10,33 |
SD |
10,09 |
10,97 |
8,99 |
4,32 |
5,09 |
EBIT/ZA |
|
|
|
|
|
|
|
|
|
|
EBIT/ZA |
|
|
|
|
|
EBITDA/SD |
|
|
|
|
|
|
|
|
|
|
EBITDA/SD |
|
|
|
|
|
G/A -B- |
2,30 |
2,70 |
3,44 |
7,51 |
19,11 |
1,64 |
1,14 |
2,28 |
1,59 |
2,42 |
G/A -B- |
1,56 |
1,13 |
1,84 |
1,47 |
0,31 |
G/A -D- |
2,29 |
2,66 |
3,38 |
7,51 |
19,11 |
1,60 |
1,12 |
2,20 |
1,57 |
2,36 |
G/A -D- |
1,54 |
1,13 |
1,82 |
1,46 |
0,31 |
G/A-B-EBTv.AN. |
|
|
|
|
|
|
|
|
|
|
G/A-B-EBTv.AN. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AA -B- |
0,943 M |
0,952 M |
1,049 M |
1,1971 M |
1,094 M |
1,957 M |
2,442 M |
2,504 M |
2,604 M |
2,603 M |
AA -B- |
2,608 M |
2,652 M |
2,652 M |
2,650 M |
2,645 M |
AA -D- |
0,948 M |
0,966 M |
1,068 M |
1,1971 M |
1,094 M |
2,006 M |
2,486 M |
2,595 M |
2,637 M |
2,669 M |
AA -D- |
2,642 M |
2,652 M |
2,681 M |
2,668 M |
2,645 M |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BW
(dil.) |
17,92 |
19,57 |
31,05 |
17,62 |
NEG |
6,00 |
6,31 |
9,58 |
10,16 |
11,19 |
BW (dil.) |
10,44 |
9,81 |
10,85 |
10,33 |
9,19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EKR |
|
15% |
19% |
27% |
99% |
###### |
23% |
36% |
17% |
24% |
EKR |
14% |
11% |
19% |
13% |
3% |
CR-MA R |
|
6% |
7% |
7% |
18% |
3% |
3% |
7% |
4% |
6% |
CR-MA R |
4% |
3% |
5% |
4% |
1% |
C-MA-(I+G)R |
|
|
|
12% |
32% |
6% |
6% |
13% |
8% |
13% |
C-MA-(I+G)R |
8% |
6% |
10% |
8% |
1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
St.Equ. -MA |
16,99 |
18,90 |
33,16 |
21,09 |
9,95 |
12,03 |
15,68 |
24,86 |
26,79 |
29,86 |
St.Equ. -MA |
27,60 |
26,02 |
29,10 |
27,57 |
24,31 |
St.Equ. |
17,77 |
20,27 |
35,19 |
29,19 |
0,17 |
23,27 |
24,88 |
28,44 |
31,64 |
34,33 |
St.Equ. |
31,20 |
28,75 |
31,55 |
29,59 |
26,38 |
C-MA |
45,38 |
52,69 |
127,55 |
119,26 |
96,81 |
88,59 |
87,12 |
105,77 |
98,33 |
96,71 |
C-MA |
91,70 |
89,32 |
91,83 |
94,06 |
87,90 |
C |
46,16 |
54,06 |
129,59 |
127,36 |
106,59 |
99,83 |
96,33 |
109,35 |
103,17 |
101,18 |
C |
95,30 |
92,04 |
94,28 |
96,08 |
89,98 |
C-MA-(I+G) |
|
|
75,21 |
66,11 |
50,72 |
46,20 |
45,41 |
53,18 |
48,10 |
48,66 |
C-MA-(I+G) |
46,44 |
50,77 |
51,49 |
55,38 |
52,39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kapitalum.
Ges. |
|
0,59 |
0,62 |
0,33 |
0,37 |
0,43 |
0,47 |
0,51 |
0,49 |
0,51 |
Kapitalum. Ges. |
0,53 |
0,48 |
0,49 |
0,48 |
0,45 |
Property P&E |
26,58 |
28,96 |
34,62 |
31,73 |
36,27 |
30,64 |
29,03 |
28,57 |
28,22 |
27,85 |
Property P&E |
26,53 |
24,32 |
24,76 |
23,63 |
23,66 |
Kapitalu.
P.P&E |
|
1,02 |
1,16 |
1,24 |
1,47 |
1,27 |
1,54 |
1,69 |
1,81 |
1,88 |
Kapitalu. P.P&E |
1,92 |
1,73 |
1,87 |
1,83 |
1,84 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EQ |
38% |
37% |
27% |
23% |
NEG |
23% |
26% |
26% |
31% |
34% |
EQ |
33% |
31% |
33% |
31% |
29% |
Schulden
ges. |
28,39 |
33,79 |
94,40 |
98,17 |
106,76 |
76,56 |
71,45 |
80,91 |
71,53 |
66,85 |
Schulden ges. |
64,10 |
63,29 |
62,73 |
66,49 |
52,39 |
Schulden
Kurz |
12,28 |
17,37 |
58,63 |
34,96 |
44,88 |
31,81 |
30,96 |
30,00 |
27,49 |
28,28 |
Schulden Kurz |
26,85 |
23,74 |
23,59 |
26,17 |
24,92 |
Schulden
Lang |
16,11 |
16,42 |
35,77 |
63,21 |
61,88 |
44,75 |
40,48 |
50,91 |
44,05 |
38,58 |
Schulden Lang |
37,25 |
36,37 |
39,14 |
39,28 |
38,68 |
SK:SL |
|
|
|
|
|
|
|
|
|
|
SK:SL |
0,72 |
0,65 |
0,60 |
0,67 |
0,64 |
SL:N.I. |
|
|
|
|
|
|
|
|
|
|
SL:N.I. |
9,15 |
12,12 |
8,02 |
10,07 |
46,60 |
Vermφg. Kurz |
10,52 |
13,49 |
18,65 |
23,02 |
13,85 |
14,46 |
15,89 |
15,08 |
14,78 |
15,10 |
Vermφg. Kurz |
15,67 |
13,69 |
15,13 |
18,54 |
16,13 |
Vermφg. Lang |
35,64 |
40,57 |
110,94 |
104,34 |
92,74 |
85,38 |
80,43 |
94,27 |
88,39 |
86,09 |
Vermφg. Lang |
79,63 |
70,09 |
79,15 |
77,54 |
73,85 |
WCV |
-17,87 |
-20,3 |
-75,75 |
-75,15 |
-92,91 |
-62,10 |
-55,56 |
-65,83 |
-56,75 |
-51,75 |
WCV |
-48,43 |
-49,60 |
-47,60 |
-47,95 |
-36,26 |
Current R. |
0,87 |
0,78 |
0,32 |
0,66 |
0,31 |
0,45 |
0,51 |
0,50 |
0,54 |
0,53 |
Current R. |
0,58 |
0,58 |
0,65 |
0,71 |
0,65 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Im. + Good. |
1,52 |
2,13 |
52,34 |
53,15 |
46,09 |
42,39 |
41,71 |
52,59 |
50,23 |
48,05 |
Im. + Good. |
45,26 |
38,55 |
40,34 |
38,68 |
37,59 |
St.Equ.-MA -I.+G. |
15,47 |
16,77 |
-19,18 |
-32,06 |
-56,04 |
-30,36 |
-26,03 |
-27,73 |
-23,44 |
-18,19 |
St.Equ.-MA -I.+G. |
-17,66 |
-12,53 |
-11,24 |
-11,11 |
-13,28 |
BW - I.+G. |
16,32 |
17,36 |
NEG |
NEG |
NEG |
NEG |
NEG |
NEG |
NEG |
NEG |
BW - I.+G. |
NEG |
NEG |
NEG |
NEG |
NEG |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Op. CF |
7,13 |
8,11 |
6,61 |
7,08 |
11,84 |
11,32 |
12,82 |
13,37 |
13,86 |
14,64 |
Op. CF |
15,00 |
14,38 |
12,59 |
12,88 |
10,02 |
I.
CF |
-5,02 |
-6,65 |
-46,89 |
-10,82 |
-11,51 |
-3,74 |
-5,56 |
-11,68 |
-4,69 |
-6,88 |
I. CF |
-8,04 |
-7,03 |
-5,95 |
-6,31 |
-4,71 |
F.
CF |
-0,47 |
-1,11 |
39,91 |
4,73 |
-0,19 |
-6,87 |
-7,42 |
-0,86 |
-9,27 |
-7,65 |
F. CF |
-6,06 |
-8,26 |
-6,12 |
-2,86 |
-5,07 |
CASH |
2,04 |
2,42 |
2,04 |
2,94 |
2,82 |
3,35 |
3,20 |
4,10 |
3,97 |
4,03 |
CASH |
4,80 |
3,95 |
4,43 |
8,06 |
8,32 |
|
|
|
KE |
KE |
|
KE |
|
|
|
|
|
|
|
|
|
|
Owners
Earnings |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
Owners Earnings |
2008 |
2009 |
2010 |
2011 |
2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Op. CF |
7,13 |
8,11 |
6,61 |
7,08 |
11,84 |
11,32 |
12,82 |
13,37 |
13,86 |
14,64 |
Op. CF |
15,00 |
14,38 |
12,59 |
12,88 |
10,02 |
Capital exp. |
4,66 |
5,00 |
14,31 |
8,55 |
7,95 |
5,10 |
5,22 |
6,14 |
7,04 |
7,06 |
Capital exp. |
7,14 |
5,72 |
6,10 |
6,71 |
6,76 |
Free CF |
2,47 |
3,11 |
7,70 |
1,47 |
3,89 |
6,23 |
7,59 |
7,24 |
6,82 |
7,58 |
Free CF |
7,86 |
8,67 |
6,49 |
6,17 |
3,26 |
Free CF-MA |
|
|
|
|
|
|
|
|
|
|
Free CF-MA |
|
|
|
6,24 |
2,98 |
Free CF/A
-B- |
2,62 |
3,27 |
7,34 |
1,23 |
3,56 |
3,18 |
3,11 |
2,89 |
2,62 |
2,91 |
Free CF/A -B- |
3,01 |
3,30 |
2,45 |
2,35 |
1,13 |
Tilgung
gesch. 7% |
|
1,99 |
2,37 |
6,61 |
6,87 |
7,47 |
5,36 |
5,00 |
5,66 |
5,01 |
Tilgung gesch. 7% |
4,68 |
4,49 |
4,43 |
4,39 |
4,65 |
Liqu.άber. |
|
1,12 |
10,07 |
8,08 |
2,98 |
1,24 |
2,23 |
2,24 |
1,16 |
2,57 |
Liqu.άber. |
3,18 |
4,18 |
2,06 |
1,85 |
1,67 |
Liqu.άber./A
-B- |
|
1,18 |
9,60 |
6,75 |
2,72 |
0,63 |
0,91 |
0,89 |
0,45 |
0,99 |
Liqu.άber./A -B- |
1,22 |
1,58 |
0,78 |
0,70 |
0,63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital
EX:N.I. |
|
|
|
|
|
|
188% |
108% |
170% |
112% |
Capital EX:N.I. |
175% |
191% |
125% |
172% |
824% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abschreibungen |
|
|
|
|
|
|
|
|
|
|
Abschreibungen |
|
|
6,46 |
6,74 |
6,33 |
Absch./GM |
|
|
|
|
|
|
|
|
|
|
Absch./GM |
|
|
33% |
36% |
35% |
R&D |
|
|
|
|
|
|
|
|
|
|
R&D |
|
|
|
|
|
R&D/GM |
|
|
|
|
|
|
|
|
|
|
R&D/GM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Div/A |
1,00 |
1,00 |
1,00 |
1,00 |
0 |
0,25 |
0,48 |
1,00 |
1,20 |
1,30 |
Div/A |
1,40 |
1,40 |
1,40 |
1,40 |
0,50 |
Divisumme |
0,94 |
0,95 |
1,05 |
1,20 |
0 |
0,49 |
1,17 |
2,50 |
3,12 |
3,38 |
Divisumme |
3,65 |
3,71 |
3,71 |
3,71 |
1,32 |
DIV/Op.CF |
13% |
12% |
16% |
17% |
0% |
4% |
9% |
19% |
23% |
23% |
DIV/Op.CF |
24% |
26% |
29% |
29% |
13% |
DIV/N.I. |
43% |
37% |
29% |
###### |
###### |
15% |
42% |
44% |
75% |
54% |
DIV/N.I. |
90% |
124% |
76% |
95% |
161% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividynamik/A |
|
|
|
|
|
|
|
|
|
|
Dividynamik/A |
|
|
|
|
|
Umsatzdynamik |
|
|
|
|
|
|
|
|
|
|
Umsatzdynamik |
|
|
|
|
|
N.I.-dynamik |
|
|
|
|
|
|
|
|
|
|
N.I.-dynamik |
|
|
|
|
|
Op.
CF-dynamik |
|
|
|
|
|
|
|
|
|
|
Op. CF-dynamik |
|
|
|
|
|
|
|
|
|
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Einbehaltene
G. |
1,23 |
1,62 |
2,56 |
10,19 |
20,91 |
2,72 |
1,61 |
3,21 |
1,02 |
2,92 |
Einbehaltene G. |
0,42 |
0,72 |
1,17 |
0,19 |
0,50 |
Retained Ear. |
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Retained Ear. |
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1,73 |
0,19 |
3,08 |
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KE |
KE |
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KE |
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Kennzahlen
var. |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
Kennzahlen var. |
2008 |
2009 |
2010 |
2011 |
2012 |
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Kurs |
50 |
70 |
215 |
50 |
7 |
20 |
19 |
23 |
17 |
27 |
Kurs |
19 |
17 |
16 |
13 |
10 |
Marktwert |
47,4 |
67,6 |
229,6 |
59,9 |
7,7 |
40,1 |
47,2 |
59,7 |
44,8 |
72,1 |
Marktwert |
50,2 |
45,1 |
42,9 |
34,7 |
26,5 |
KGV |
22 |
26 |
63 |
VERLUST |
VERLUST |
12 |
17 |
10 |
11 |
11 |
KGV |
12 |
15 |
9 |
9 |
32 |
Rendite |
4,60% |
3,86% |
1,60% |
15,02% |
273,00% |
8,20% |
6,00% |
9,91% |
9,35% |
8,96% |
Rendite |
8,21% |
6,65% |
11,50% |
11,31% |
3,10% |
MU |
1,9 |
2,5 |
6,8 |
1,4 |
0,2 |
0,9 |
1,0 |
1,2 |
0,9 |
1,4 |
MU |
0,9 |
1,0 |
0,9 |
0,8 |
0,6 |
Kurs/BW V. |
2,8 |
3,6 |
6,9 |
2,8 |
###### |
3,3 |
3,0 |
2,4 |
1,7 |
2,4 |
Kurs/BW V. |
1,8 |
1,7 |
1,5 |
1,3 |
1,1 |
Dividendenre. |
2,00% |
1,43% |
1,00% |
2,00% |
0,00% |
1,25% |
2,53% |
4,35% |
7,05% |
4,81% |
Dividendenre. |
7,37% |
8,24% |
8,75% |
10,77% |
5,00% |
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