View Future GrowthNorCom Information Technology GmbH KGaA 과거 순이익 실적과거 기준 점검 0/6NorCom Information Technology GmbH KGaA 의 수입은 연평균 -19.1%의 비율로 감소해 온 반면, IT 산업은 연평균 6.1%의 비율로 증가했습니다. 매출은 연평균 9.3%의 비율로 감소해 왔습니다.핵심 정보-19.06%순이익 성장률-18.26%주당순이익(EPS) 성장률IT 산업 성장률13.97%매출 성장률-9.29%자기자본이익률-133.10%순이익률-31.83%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • May 06Full year 2023 earnings released: €0.22 loss per share (vs €0.68 loss in FY 2022)Full year 2023 results: €0.22 loss per share (improved from €0.68 loss in FY 2022). Revenue: €9.65m (flat on FY 2022). Net loss: €463.2k (loss narrowed 66% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.공시 • Apr 21NorCom Information Technology GmbH & Co. KGaA to Report Fiscal Year 2023 Results on Apr 30, 2024NorCom Information Technology GmbH & Co. KGaA announced that they will report fiscal year 2023 results on Apr 30, 2024Reported Earnings • May 06Full year 2020 earnings released: EPS €0.082 (vs €0.19 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €10.7m (down 11% from FY 2019). Net income: €163.9k (up €547.0k from FY 2019). Profit margin: 1.5% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updates공시 • Jul 24NorCom Information Technology GmbH & Co. KGaA, Annual General Meeting, Aug 29, 2025NorCom Information Technology GmbH & Co. KGaA, Annual General Meeting, Aug 29, 2025, at 13:00 W. Europe Standard Time.New Risk • Nov 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €8.96m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (€8.96m market cap, or US$9.78m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding).공시 • Oct 21NorCom Information Technology GmbH & Co. KGaA, Annual General Meeting, Nov 25, 2024NorCom Information Technology GmbH & Co. KGaA, Annual General Meeting, Nov 25, 2024, at 13:00 W. Europe Standard Time.New Risk • Sep 24New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €8.87m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (€8.87m market cap, or US$9.92m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding).New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 48% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (€12.8m market cap, or US$14.0m).Reported Earnings • May 06Full year 2023 earnings released: €0.22 loss per share (vs €0.68 loss in FY 2022)Full year 2023 results: €0.22 loss per share (improved from €0.68 loss in FY 2022). Revenue: €9.65m (flat on FY 2022). Net loss: €463.2k (loss narrowed 66% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.공시 • Apr 21NorCom Information Technology GmbH & Co. KGaA to Report Fiscal Year 2023 Results on Apr 30, 2024NorCom Information Technology GmbH & Co. KGaA announced that they will report fiscal year 2023 results on Apr 30, 2024New Risk • Mar 05New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€10.7m market cap, or US$11.6m).공시 • Aug 04NorCom Information Technology Gmbh & Co. Kgaa Announces Appointment of Oleg Skrypnyuk as Chief Technology Officer from September, 2023NorCom Information Technology GmbH & Co. KGaA announced appointment of Oleg Skrypnyuk as Chief Technology Officer. Oleg Skrypnyuk will be Chief Technology Officer of NorCom Information Technology GmbH & Co. KGaA from September 2023. In this position, he will be responsible for the technological orientation of the product and the expansion of consulting in the areas of data science and artificial intelligence (AI). He also coordinates the internal development and project teams that work for customers from industry and public administration. The graduate computer scientist has been with NorCom for almost nine years and has been responsible for the AI platform DaSense as architect and chief developer from the very beginning.공시 • Jul 23Norcom Information Technology Gmbh & Co. Kgaa Announces Resignation of Tobias Abthoff from Management Board, Effective on August 31, 2023Norcom Information Technology Gmbh & Co. Kgaa announced resignation of Tobias Abthoff from Management Board. Dr. Tobias Abthoff is leaving NorCom Information Technology GmbH & Co. KGaA on August 31, 2023. This was agreed by mutual agreement. NorCom and the Supervisory Board thank Dr. Tobias Abthoff for the many years of cooperation and his services in the business development.공시 • Feb 17NorCom Information Technology GmbH & Co. KGaA Offers DaSense as an Open Source Solution for AuthoritiesWith DaSense Community Open Source (DaSense COS), NorCom offers public authorities a solution for implementing the digitization that politicians are striving for. Under the name DaSense COS, public administrations receive the artificial intelligence (AI) platform DaSense for the automation of time-consuming work processes free of charge. Individual further development can benefit all authorities in the sense of the community model. NorCom wants to implement the community model together with partners and, in addition to coordination, is also responsible for further developments, maintenance, service and support. Implement the digitization of public administration together At the presentation of the new government program, Finance Minister Christian Lindner promised the digitization of the state. Federal Interior Minister Nancy Faeser wants to make significantly more administrative services digitally available by 2025 - more than 10,000 decentralized registers at authorities are to be modernized and networked. And Andrea Nahles, CEO of the Federal Employment Agency, calls for a decade of automation and the use of artificial intelligence. The thrust is clear, but a target-oriented implementation is still open. With DaSense COS, the first step in the partial automation of processes in public authorities should be made possible flexibly, efficiently, and comprehensively. DaSense is a proven solution for the AI-supported digitization of document- based work processes. Existing IT systems and software can be fully integrated. Proven processes within the authority are mapped in individual AI apps and thus retained.Reported Earnings • May 06Full year 2020 earnings released: EPS €0.082 (vs €0.19 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €10.7m (down 11% from FY 2019). Net income: €163.9k (up €547.0k from FY 2019). Profit margin: 1.5% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Jan 20New 90-day high: €9.60The company is up 4.0% from its price of €9.26 on 22 October 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 18% over the same period.Is New 90 Day High Low • Dec 30New 90-day low: €7.72The company is down 8.0% from its price of €8.42 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 20% over the same period.Is New 90 Day High Low • Dec 15New 90-day low: €7.82The company is down 16% from its price of €9.32 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 17% over the same period.Is New 90 Day High Low • Oct 08New 90-day high: €9.60The company is up 5.0% from its price of €9.10 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 16% over the same period.매출 및 비용 세부 내역NorCom Information Technology GmbH KGaA가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:NC5A 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 256-22030 Sep 257-13030 Jun 257-13031 Mar 25703031 Dec 24803030 Sep 24803030 Jun 248-13031 Mar 249-13031 Dec 23903030 Sep 239-13030 Jun 239-13031 Mar 239-13031 Dec 229-13030 Sep 2210-13030 Jun 2210-13031 Mar 2210-13031 Dec 2110-13030 Sep 211003030 Jun 211003031 Mar 211004031 Dec 201104030 Sep 201104030 Jun 2011-15031 Mar 2012-15031 Dec 191205030 Sep 191205030 Jun 191305031 Mar 191315031 Dec 181315030 Sep 181316030 Jun 181326031 Mar 181326031 Dec 171326030 Sep 171526030 Jun 171826031 Mar 171826031 Dec 161826030 Sep 161716030 Jun 161616031 Mar 161616031 Dec 151616030 Sep 151616030 Jun 1515160양질의 수익: NC5A 은(는) 현재 수익성이 없습니다.이익 마진 증가: NC5A는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: NC5A은 수익성이 없으며 지난 5년 동안 손실이 연평균 19.1% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 NC5A의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: NC5A은 수익성이 없어 지난 해 수익 성장률을 IT 업계(4.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: NC5A는 현재 수익성이 없으므로 자본 수익률이 음수(-133.1%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 02:55종가2026/05/21 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스NorCom Information Technology GmbH & Co. KGaA는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Daniel GroßjohannBankM AGRobin BrassHauck Aufhäuser Investment Banking
Reported Earnings • May 06Full year 2023 earnings released: €0.22 loss per share (vs €0.68 loss in FY 2022)Full year 2023 results: €0.22 loss per share (improved from €0.68 loss in FY 2022). Revenue: €9.65m (flat on FY 2022). Net loss: €463.2k (loss narrowed 66% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
공시 • Apr 21NorCom Information Technology GmbH & Co. KGaA to Report Fiscal Year 2023 Results on Apr 30, 2024NorCom Information Technology GmbH & Co. KGaA announced that they will report fiscal year 2023 results on Apr 30, 2024
Reported Earnings • May 06Full year 2020 earnings released: EPS €0.082 (vs €0.19 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €10.7m (down 11% from FY 2019). Net income: €163.9k (up €547.0k from FY 2019). Profit margin: 1.5% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
공시 • Jul 24NorCom Information Technology GmbH & Co. KGaA, Annual General Meeting, Aug 29, 2025NorCom Information Technology GmbH & Co. KGaA, Annual General Meeting, Aug 29, 2025, at 13:00 W. Europe Standard Time.
New Risk • Nov 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €8.96m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (€8.96m market cap, or US$9.78m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding).
공시 • Oct 21NorCom Information Technology GmbH & Co. KGaA, Annual General Meeting, Nov 25, 2024NorCom Information Technology GmbH & Co. KGaA, Annual General Meeting, Nov 25, 2024, at 13:00 W. Europe Standard Time.
New Risk • Sep 24New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €8.87m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (€8.87m market cap, or US$9.92m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding).
New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 48% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (€12.8m market cap, or US$14.0m).
Reported Earnings • May 06Full year 2023 earnings released: €0.22 loss per share (vs €0.68 loss in FY 2022)Full year 2023 results: €0.22 loss per share (improved from €0.68 loss in FY 2022). Revenue: €9.65m (flat on FY 2022). Net loss: €463.2k (loss narrowed 66% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
공시 • Apr 21NorCom Information Technology GmbH & Co. KGaA to Report Fiscal Year 2023 Results on Apr 30, 2024NorCom Information Technology GmbH & Co. KGaA announced that they will report fiscal year 2023 results on Apr 30, 2024
New Risk • Mar 05New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€10.7m market cap, or US$11.6m).
공시 • Aug 04NorCom Information Technology Gmbh & Co. Kgaa Announces Appointment of Oleg Skrypnyuk as Chief Technology Officer from September, 2023NorCom Information Technology GmbH & Co. KGaA announced appointment of Oleg Skrypnyuk as Chief Technology Officer. Oleg Skrypnyuk will be Chief Technology Officer of NorCom Information Technology GmbH & Co. KGaA from September 2023. In this position, he will be responsible for the technological orientation of the product and the expansion of consulting in the areas of data science and artificial intelligence (AI). He also coordinates the internal development and project teams that work for customers from industry and public administration. The graduate computer scientist has been with NorCom for almost nine years and has been responsible for the AI platform DaSense as architect and chief developer from the very beginning.
공시 • Jul 23Norcom Information Technology Gmbh & Co. Kgaa Announces Resignation of Tobias Abthoff from Management Board, Effective on August 31, 2023Norcom Information Technology Gmbh & Co. Kgaa announced resignation of Tobias Abthoff from Management Board. Dr. Tobias Abthoff is leaving NorCom Information Technology GmbH & Co. KGaA on August 31, 2023. This was agreed by mutual agreement. NorCom and the Supervisory Board thank Dr. Tobias Abthoff for the many years of cooperation and his services in the business development.
공시 • Feb 17NorCom Information Technology GmbH & Co. KGaA Offers DaSense as an Open Source Solution for AuthoritiesWith DaSense Community Open Source (DaSense COS), NorCom offers public authorities a solution for implementing the digitization that politicians are striving for. Under the name DaSense COS, public administrations receive the artificial intelligence (AI) platform DaSense for the automation of time-consuming work processes free of charge. Individual further development can benefit all authorities in the sense of the community model. NorCom wants to implement the community model together with partners and, in addition to coordination, is also responsible for further developments, maintenance, service and support. Implement the digitization of public administration together At the presentation of the new government program, Finance Minister Christian Lindner promised the digitization of the state. Federal Interior Minister Nancy Faeser wants to make significantly more administrative services digitally available by 2025 - more than 10,000 decentralized registers at authorities are to be modernized and networked. And Andrea Nahles, CEO of the Federal Employment Agency, calls for a decade of automation and the use of artificial intelligence. The thrust is clear, but a target-oriented implementation is still open. With DaSense COS, the first step in the partial automation of processes in public authorities should be made possible flexibly, efficiently, and comprehensively. DaSense is a proven solution for the AI-supported digitization of document- based work processes. Existing IT systems and software can be fully integrated. Proven processes within the authority are mapped in individual AI apps and thus retained.
Reported Earnings • May 06Full year 2020 earnings released: EPS €0.082 (vs €0.19 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €10.7m (down 11% from FY 2019). Net income: €163.9k (up €547.0k from FY 2019). Profit margin: 1.5% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Jan 20New 90-day high: €9.60The company is up 4.0% from its price of €9.26 on 22 October 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 18% over the same period.
Is New 90 Day High Low • Dec 30New 90-day low: €7.72The company is down 8.0% from its price of €8.42 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 20% over the same period.
Is New 90 Day High Low • Dec 15New 90-day low: €7.82The company is down 16% from its price of €9.32 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 17% over the same period.
Is New 90 Day High Low • Oct 08New 90-day high: €9.60The company is up 5.0% from its price of €9.10 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 16% over the same period.