Buzzi S.p.A. (BIT: BZU)

Buzzi Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,221	4,317	3,996	3,446	3,222	3,221
Other Revenue	3.33	2.69	2.27	1.63	2.02	1.58
Revenue	4,225	4,320	3,998	3,447	3,224	3,223
Revenue Growth (YoY)	-1.00%	8.06%	15.97%	6.91%	0.04%	12.09%
Cost of Revenue	2,350	2,443	2,506	2,126	1,899	1,941
Gross Profit	1,874	1,877	1,491	1,321	1,326	1,282
Selling, General & Admin	633.66	613.88	580.2	531.03	527.29	539.46
Other Operating Expenses	46.82	45.46	44.26	11.79	30.32	30.6
Operating Expenses	918.18	897.56	754.07	786.81	810.85	826.13
Operating Income	956.2	979.23	737.26	534.37	514.73	455.71
Interest Expense	-26.05	-27.36	-28.88	-26.97	-29.31	-34.66
Interest & Investment Income	68.5	49.69	20.49	8.44	9.64	13.04
Earnings From Equity Investments	156.91	161.24	117.55	106.06	173.08	73.84
Currency Exchange Gain (Loss)	-9.78	4.94	-24.13	-18.97	37.91	-19.62
Other Non Operating Income (Expenses)	-19.79	-20.81	19.11	10.07	-8.31	17.36
EBT Excluding Unusual Items	1,126	1,147	841.39	613	697.74	505.67
Merger & Restructuring Charges	-	-	-	-	-	-4.01
Impairment of Goodwill	-	-	-122.48	-	-0.68	-0.76
Gain (Loss) on Sale of Investments	3.95	0.24	0.1	18	3.6	-1.5
Gain (Loss) on Sale of Assets	13.33	13.91	7.11	9.31	2.59	3.46
Asset Writedown	-19.9	-20.2	-136.82	-5.06	-2.99	-3.05
Other Unusual Items	-	-	-	-	-	-17.86
Pretax Income	1,123	1,141	589.3	635.25	700.26	481.96
Income Tax Expense	165.91	174.06	130.52	92.95	139.79	96.05
Earnings From Continuing Operations	957.47	966.81	458.78	542.3	560.47	385.91
Minority Interest in Earnings	-0.27	-0.27	0.01	-0.4	-0.23	-0.24
Net Income	957.2	966.55	458.79	541.9	560.25	385.67
Net Income to Common	957.2	966.55	458.79	541.9	560.25	385.67
Net Income Growth	19.47%	110.67%	-15.34%	-3.27%	45.27%	0.93%
Shares Outstanding (Basic)	185	185	186	192	206	205
Shares Outstanding (Diluted)	185	185	186	192	206	205
Shares Change (YoY)	-0.04%	-0.67%	-2.99%	-6.60%	0.42%	0.04%
EPS (Basic)	5.17	5.22	2.46	2.82	2.72	1.88
EPS (Diluted)	5.17	5.22	2.46	2.82	2.72	1.88
EPS Growth	19.51%	112.09%	-12.72%	3.56%	44.66%	0.89%
Free Cash Flow	483.65	520.79	129.41	380.33	365.91	325.46
Free Cash Flow Per Share	2.61	2.81	0.69	1.98	1.78	1.59
Dividend Per Share	0.600	0.600	0.450	0.400	0.250	0.150
Dividend Growth	33.33%	33.33%	12.50%	60.00%	66.67%	20.00%
Gross Margin	44.37%	43.44%	37.30%	38.33%	41.11%	39.77%
Operating Margin	22.63%	22.67%	18.44%	15.50%	15.96%	14.14%
Profit Margin	22.66%	22.37%	11.48%	15.72%	17.38%	11.97%
Free Cash Flow Margin	11.45%	12.05%	3.24%	11.03%	11.35%	10.10%
EBITDA	1,181	1,205	971.45	753.94	742.12	686.76
EBITDA Margin	27.95%	27.88%	24.30%	21.87%	23.02%	21.31%
D&A For EBITDA	224.53	225.4	234.19	219.57	227.38	231.05
EBIT	956.2	979.23	737.26	534.37	514.73	455.71
EBIT Margin	22.63%	22.67%	18.44%	15.50%	15.96%	14.14%
Effective Tax Rate	14.77%	15.26%	22.15%	14.63%	19.96%	19.93%

Source: S&P Capital IQ. Standard template. Financial Sources.