Mare Engineering Group Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '23 Dec 31, 2023	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	27.41	27.41	25.29	18.37	16.75
Other Revenue	0.36	0.36	2.27	0.15	-
Revenue	27.77	27.77	27.56	18.52	16.75
Revenue Growth (YoY)	0.77%	0.77%	48.81%	10.55%	-
Cost of Revenue	19.23	19.23	18.71	12.59	9.9
Gross Profit	8.54	8.54	8.85	5.92	6.85
Selling, General & Admin	1.45	1.45	1.47	0.85	0.47
Other Operating Expenses	-2.87	-2.87	-1.96	-1.76	-0.37
Operating Expenses	3.76	3.76	5.06	2.72	3.62
Operating Income	4.78	4.78	3.8	3.2	3.23
Interest Expense	-1.23	-1.23	-0.41	-0.2	-0.25
Currency Exchange Gain (Loss)	0	0	-0	-	-0
Other Non Operating Income (Expenses)	0.13	0.13	0.02	0	0
EBT Excluding Unusual Items	3.68	3.68	3.41	3	2.98
Gain (Loss) on Sale of Investments	-0.02	-0.02	-0.01	-0.43	-
Pretax Income	3.66	3.66	3.4	2.57	2.98
Income Tax Expense	1.28	1.28	-0.34	0.07	0.92
Earnings From Continuing Operations	2.38	2.38	3.75	2.5	2.06
Minority Interest in Earnings	-0.01	-0.01	-0	-0.39	-0.33
Net Income	2.37	2.37	3.74	2.11	1.73
Net Income to Common	2.37	2.37	3.74	2.11	1.73
Net Income Growth	-36.57%	-36.57%	77.47%	21.81%	-
Shares Outstanding (Basic)	2	2	2	2	-
Shares Outstanding (Diluted)	2	2	2	2	-
Shares Change (YoY)	-	-	12.20%	-	-
EPS (Basic)	1.11	1.11	1.75	1.10	-
EPS (Diluted)	1.11	1.11	1.75	1.10	-
EPS Growth	-36.57%	-36.57%	58.17%	-	-
Free Cash Flow	0.62	0.62	-3.85	4.84	3.29
Free Cash Flow Per Share	0.29	0.29	-1.80	2.53	-
Gross Margin	30.75%	30.75%	32.12%	31.99%	40.90%
Operating Margin	17.22%	17.22%	13.77%	17.29%	19.28%
Profit Margin	8.55%	8.55%	13.58%	11.39%	10.33%
Free Cash Flow Margin	2.23%	2.23%	-13.98%	26.12%	19.66%
EBITDA	8.56	8.56	8.25	6.64	6.73
EBITDA Margin	30.81%	30.81%	29.92%	35.83%	40.17%
D&A For EBITDA	3.77	3.77	4.45	3.43	3.5
EBIT	4.78	4.78	3.8	3.2	3.23
EBIT Margin	17.22%	17.22%	13.77%	17.29%	19.28%
Effective Tax Rate	34.88%	34.88%	-	2.58%	31.00%
Revenue as Reported	39.41	39.41	35.27	24.14	17.49

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