CULTI Milano S.p.A. (BIT: CULT)

CULTI Milano 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	23.53	22.64	23.14	21	13.53	9.03
Other Revenue	0.94	0.49	0.38	0.15	0.18	0.04
Revenue	24.47	23.13	23.52	21.15	13.71	9.07
Revenue Growth (YoY)	2.24%	-1.64%	11.17%	54.26%	51.15%	38.30%
Cost of Revenue	14.3	14.52	14.49	12.39	8.13	5.9
Gross Profit	10.17	8.61	9.02	8.77	5.58	3.17
Selling, General & Admin	5.6	5.38	4.62	4.1	2.45	1.86
Other Operating Expenses	0.06	0.06	0.07	0.03	0.06	0.05
Operating Expenses	7.14	6.88	5.9	5.07	3.35	2.59
Operating Income	3.03	1.73	3.13	3.69	2.23	0.58
Interest Expense	-	-	-	-0	-0	-0
Interest & Investment Income	0	0	0	-	-	-
Currency Exchange Gain (Loss)	-0.02	-0.07	0.01	0.04	-0	0
Other Non Operating Income (Expenses)	-0.35	-0.4	-0.09	-0.07	-0.04	-0.01
EBT Excluding Unusual Items	2.66	1.25	3.06	3.66	2.19	0.57
Asset Writedown	-	-	-	-0	-0.02	-
Other Unusual Items	-0	-0	-	-	-0.04	-0.01
Pretax Income	2.66	1.25	3.06	3.66	2.13	0.56
Income Tax Expense	0.58	0.2	0.79	0.91	0.68	0.21
Earnings From Continuing Operations	2.08	1.05	2.27	2.75	1.45	0.35
Minority Interest in Earnings	0.27	0.34	-0.19	-0.41	-0.1	-0.02
Net Income	2.35	1.39	2.08	2.33	1.35	0.33
Net Income to Common	2.35	1.39	2.08	2.33	1.35	0.33
Net Income Growth	62.07%	-32.99%	-11.06%	72.52%	313.58%	-
Shares Outstanding (Basic)	3	3	3	3	3	-
Shares Outstanding (Diluted)	3	3	3	3	3	-
Shares Change (YoY)	-5.45%	-11.01%	-0.96%	-0.10%	-	-
EPS (Basic)	0.86	0.51	0.68	0.75	0.44	-
EPS (Diluted)	0.86	0.51	0.68	0.75	0.44	-
EPS Growth	71.42%	-24.70%	-10.20%	72.69%	-	-
Free Cash Flow	2.38	2.2	0.99	3.53	2.57	1.67
Free Cash Flow Per Share	0.87	0.81	0.32	1.14	0.83	-
Dividend Per Share	0.100	0.100	0.100	0.100	0.080	0.080
Dividend Growth	0%	0%	0%	25.00%	0%	0%
Gross Margin	41.55%	37.21%	38.38%	41.43%	40.72%	34.94%
Operating Margin	12.38%	7.47%	13.31%	17.45%	16.29%	6.42%
Profit Margin	9.61%	6.02%	8.83%	11.04%	9.87%	3.61%
Free Cash Flow Margin	9.73%	9.52%	4.21%	16.67%	18.73%	18.36%
EBITDA	4.07	2.86	4.29	4.61	3.05	1.26
EBITDA Margin	16.63%	12.37%	18.26%	21.79%	22.25%	13.85%
D&A For EBITDA	1.04	1.13	1.16	0.92	0.82	0.67
EBIT	3.03	1.73	3.13	3.69	2.23	0.58
EBIT Margin	12.38%	7.47%	13.31%	17.45%	16.29%	6.42%
Effective Tax Rate	21.93%	16.25%	25.82%	24.91%	31.71%	38.29%
Revenue as Reported	25.3	23.35	24.3	21.99	13.54	8.79
Advertising Expenses	-	0.94	0.79	0.73	0.21	0.07

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