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	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	28.19	27.41	25.29	18.37	16.75
Other Revenue	0.3	0.36	2.27	0.15	-
Revenue	28.49	27.77	27.56	18.52	16.75
Revenue Growth (YoY)	-4.91%	0.77%	48.81%	10.55%	-
Cost of Revenue	18.22	19.23	18.71	12.59	9.9
Gross Profit	10.28	8.54	8.85	5.92	6.85
Selling, General & Admin	1.45	1.45	1.47	0.85	0.47
Other Operating Expenses	-2.41	-2.87	-1.96	-1.76	-0.37
Operating Expenses	4.77	3.76	5.06	2.72	3.62
Operating Income	5.51	4.78	3.8	3.2	3.23
Interest Expense	-1.22	-1.23	-0.41	-0.2	-0.25
Currency Exchange Gain (Loss)	0	0	-0	-	-0
Other Non Operating Income (Expenses)	-0.02	0.13	0.02	0	0
EBT Excluding Unusual Items	4.5	3.68	3.41	3	2.98
Gain (Loss) on Sale of Investments	-0.14	-0.02	-0.01	-0.43	-
Pretax Income	4.37	3.66	3.4	2.57	2.98
Income Tax Expense	1.51	1.28	-0.34	0.07	0.92
Earnings From Continuing Operations	2.85	2.38	3.75	2.5	2.06
Minority Interest in Earnings	0.08	-0.01	-0	-0.39	-0.33
Net Income	2.93	2.37	3.74	2.11	1.73
Net Income to Common	2.93	2.37	3.74	2.11	1.73
Net Income Growth	-25.24%	-36.57%	77.47%	21.81%	-
Shares Outstanding (Basic)	12	2	2	2	-
Shares Outstanding (Diluted)	12	2	2	2	-
Shares Change (YoY)	462.71%	-	12.20%	-	-
EPS (Basic)	0.24	1.11	1.75	1.10	-
EPS (Diluted)	0.24	1.11	1.75	1.10	-
EPS Growth	-86.72%	-36.57%	58.17%	-	-
Free Cash Flow	2.2	0.62	-3.85	4.84	3.29
Free Cash Flow Per Share	0.18	0.29	-1.80	2.53	-
Gross Margin	36.07%	30.75%	32.12%	31.99%	40.90%
Operating Margin	19.33%	17.22%	13.77%	17.29%	19.28%
Profit Margin	10.30%	8.55%	13.58%	11.39%	10.33%
Free Cash Flow Margin	7.71%	2.23%	-13.98%	26.12%	19.66%
EBITDA	9.82	8.56	8.25	6.64	6.73
EBITDA Margin	34.47%	30.81%	29.92%	35.83%	40.17%
D&A For EBITDA	4.31	3.77	4.45	3.43	3.5
EBIT	5.51	4.78	3.8	3.2	3.23
EBIT Margin	19.33%	17.22%	13.77%	17.29%	19.28%
Effective Tax Rate	34.66%	34.88%	-	2.58%	31.00%
Revenue as Reported	40.68	39.41	35.27	24.14	17.49

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