FNM S.p.A. (BIT: FNM)

FNM S.p.A. 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	824.82	729.32	653.87	564.13	281.77	268.36
Other Revenue	21.37	21.65	21.19	19.63	11.05	12.21
Revenue	846.19	750.97	675.06	583.77	292.82	280.57
Revenue Growth (YoY)	19.78%	11.25%	15.64%	99.36%	4.36%	3.52%
Cost of Revenue	612.97	507.69	463.31	416.64	194.36	218.95
Gross Profit	233.22	243.28	211.75	167.13	98.46	61.63
Other Operating Expenses	12.23	33.88	19.32	12.38	31.35	-4.76
Operating Expenses	138	139.4	107.16	92.62	70.77	35.98
Operating Income	95.22	103.88	104.58	74.51	27.69	25.65
Interest Expense	-21.59	-16.09	-11.27	-12.43	-2.13	-3.07
Interest & Investment Income	14.76	8.22	0.15	0.08	0.92	1.16
Earnings From Equity Investments	13.94	6.36	0.82	5.72	2.04	8.05
Other Non Operating Income (Expenses)	-0.88	-0.88	8.23	2.03	0.69	0.35
EBT Excluding Unusual Items	101.45	101.49	102.51	69.91	29.21	32.14
Merger & Restructuring Charges	-	-	-	-1.81	-	-
Impairment of Goodwill	-	-	-2.71	-0.91	-2	-
Gain (Loss) on Sale of Investments	0.44	0.44	0.04	0.2	1.01	-
Gain (Loss) on Sale of Assets	-0.05	-0.05	0.59	0.35	0.2	0.11
Asset Writedown	-1.27	-1.27	-3.24	-	-0.45	-
Other Unusual Items	2.93	3.82	-0.36	-7.95	-1.15	3.23
Pretax Income	104.58	105.52	97.82	60.28	28.36	35.87
Income Tax Expense	23.55	23.52	28.27	17.14	3.67	4.98
Earnings From Continuing Operations	81.04	82	69.55	43.14	24.69	30.89
Minority Interest in Earnings	-0.96	-1.14	-1.08	-2.26	-0.5	-0.61
Net Income	80.07	80.86	68.48	40.88	24.19	30.28
Net Income to Common	80.07	80.86	68.48	40.88	24.19	30.28
Net Income Growth	-5.27%	18.08%	67.53%	69.01%	-20.13%	6.33%
Shares Outstanding (Basic)	430	435	435	435	435	435
Shares Outstanding (Diluted)	430	435	435	435	435	435
Shares Change (YoY)	-5.61%	-	-	-	-	-
EPS (Basic)	0.19	0.19	0.16	0.09	0.06	0.07
EPS (Diluted)	0.19	0.19	0.16	0.09	0.06	0.07
EPS Growth	0.36%	18.08%	74.95%	61.84%	-20.13%	6.33%
Free Cash Flow	142.44	139.76	60.74	104.32	-58.82	41.22
Free Cash Flow Per Share	0.33	0.32	0.14	0.24	-0.14	0.09
Dividend Per Share	0.023	0.023	0.023	0.023	-	-
Gross Margin	27.56%	32.40%	31.37%	28.63%	33.62%	21.96%
Operating Margin	11.25%	13.83%	15.49%	12.76%	9.46%	9.14%
Profit Margin	9.46%	10.77%	10.14%	7.00%	8.26%	10.79%
Free Cash Flow Margin	16.83%	18.61%	9.00%	17.87%	-20.09%	14.69%
EBITDA	211.76	201.79	183.04	144.08	63.18	64.27
EBITDA Margin	25.03%	26.87%	27.11%	24.68%	21.58%	22.91%
D&A For EBITDA	116.55	97.91	78.45	69.57	35.49	38.62
EBIT	95.22	103.88	104.58	74.51	27.69	25.65
EBIT Margin	11.25%	13.83%	15.49%	12.76%	9.46%	9.14%
Effective Tax Rate	22.52%	22.29%	28.90%	28.44%	12.95%	13.87%
Revenue as Reported	878.87	776.01	707.95	615.38	314.87	342.33

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