IRCE S.p.A. (BIT: IRC)

IRCE 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	397.51	402.78	454.7	457.14	295.26	311.94
Other Revenue	1.35	1.15	3.69	0.37	0.64	0.73
Revenue	398.86	403.93	458.38	457.51	295.91	312.67
Revenue Growth (YoY)	-1.11%	-11.88%	0.19%	54.61%	-5.36%	-12.24%
Cost of Revenue	340.75	351.23	408.18	402.55	255.32	273.51
Gross Profit	58.11	52.7	50.2	54.96	40.58	39.16
Selling, General & Admin	32.84	30.8	30.28	30.68	28.68	30.49
Other Operating Expenses	1.73	1.69	1.83	1.34	1.3	1
Operating Expenses	42.05	38.86	39.78	40.6	37.53	38.89
Operating Income	16.07	13.85	10.42	14.36	3.06	0.27
Interest Expense	-4.47	-4.52	-4.04	-0.3	-1.09	-0.76
Interest & Investment Income	2.74	2.59	3.76	2.3	2.47	1.26
Currency Exchange Gain (Loss)	-0.16	-0.02	-0.97	0.39	-0.29	0.17
Other Non Operating Income (Expenses)	-	-	-	-2.59	-	1.64
EBT Excluding Unusual Items	14.17	11.89	9.17	14.16	4.15	2.57
Gain (Loss) on Sale of Assets	0.18	0.18	0.65	0.01	-0.04	-0.1
Asset Writedown	-	-	-	-0.16	-	-0
Other Unusual Items	0.31	0.31	0.15	0.13	0.07	0.12
Pretax Income	14.75	12.47	10.3	14.16	4.29	2.72
Income Tax Expense	5.96	4.24	1.09	4.78	1.53	0.75
Earnings From Continuing Operations	8.8	8.23	9.2	9.38	2.76	1.97
Minority Interest in Earnings	-0.01	-0	0.02	-0	-0.04	-0.03
Net Income	8.78	8.23	9.22	9.38	2.73	1.94
Net Income to Common	8.78	8.23	9.22	9.38	2.73	1.94
Net Income Growth	-18.56%	-10.82%	-1.62%	243.95%	40.36%	-66.95%
Shares Outstanding (Basic)	27	27	27	27	27	27
Shares Outstanding (Diluted)	27	27	27	27	27	27
Shares Change (YoY)	-0.04%	-0.06%	-0.00%	-0.14%	-0.04%	-0.09%
EPS (Basic)	0.33	0.31	0.35	0.35	0.10	0.07
EPS (Diluted)	0.33	0.31	0.35	0.35	0.10	0.07
EPS Growth	-18.52%	-10.80%	-1.55%	244.20%	40.49%	-66.94%
Free Cash Flow	-1.17	36.99	4.05	-23.4	2.85	19.81
Free Cash Flow Per Share	-0.04	1.39	0.15	-0.88	0.11	0.75
Dividend Per Share	0.060	0.060	0.060	0.050	0.030	-
Dividend Growth	0%	0%	20.00%	66.67%	-	-
Gross Margin	14.57%	13.05%	10.95%	12.01%	13.71%	12.52%
Operating Margin	4.03%	3.43%	2.27%	3.14%	1.03%	0.09%
Profit Margin	2.20%	2.04%	2.01%	2.05%	0.92%	0.62%
Free Cash Flow Margin	-0.29%	9.16%	0.88%	-5.12%	0.96%	6.34%
EBITDA	23.22	20.6	17.5	21.63	9.99	7.46
EBITDA Margin	5.82%	5.10%	3.82%	4.73%	3.37%	2.39%
D&A For EBITDA	7.15	6.76	7.07	7.27	6.93	7.19
EBIT	16.07	13.85	10.42	14.36	3.06	0.27
EBIT Margin	4.03%	3.43%	2.27%	3.14%	1.03%	0.09%
Effective Tax Rate	40.37%	34.00%	10.62%	33.75%	35.66%	27.54%
Revenue as Reported	399.46	404.53	459.56	457.72	296.09	312.95

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