Racing Force S.P.A. 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
Revenue	63.03	62.66	58.87	46.67	33.73
Revenue Growth (YoY)	0.87%	6.43%	26.14%	38.36%	-
Cost of Revenue	24.76	24.49	22.49	19.86	13.89
Gross Profit	38.28	38.17	36.38	26.81	19.84
Selling, General & Admin	29.38	29.2	25.81	20.11	15.5
Other Operating Expenses	-0.93	-0.64	-1.08	-1.15	-0.83
Operating Expenses	31.85	31.9	27.57	21.34	17.19
Operating Income	6.43	6.27	8.81	5.47	2.65
Interest Expense	-0.48	-0.39	-0.48	-0.58	-0.6
Interest & Investment Income	0.18	0.2	0.04	0.03	0.24
Earnings From Equity Investments	-	-	0.05	-0.01	-0.02
Currency Exchange Gain (Loss)	0.11	-0.31	0.3	0.38	-0.28
Other Non Operating Income (Expenses)	-0.01	0	-0.01	-0.09	-0.03
EBT Excluding Unusual Items	6.23	5.77	8.71	5.19	1.96
Other Unusual Items	-	-	-	0.04	0.19
Pretax Income	6.23	5.77	8.71	5.24	2.15
Income Tax Expense	0.92	0.98	1.16	1.07	0.71
Earnings From Continuing Operations	5.31	4.79	7.55	4.17	1.44
Minority Interest in Earnings	-	-	-	-	-0.08
Net Income	5.31	4.79	7.55	4.17	1.36
Net Income to Common	5.31	4.79	7.55	4.17	1.36
Net Income Growth	-3.24%	-36.50%	81.13%	207.51%	-
Shares Outstanding (Basic)	27	26	-	-	-
Shares Outstanding (Diluted)	27	26	-	-	-
EPS (Basic)	0.19	0.19	-	-	-
EPS (Diluted)	0.19	0.19	-	-	-
Free Cash Flow	1.94	-3.06	0.78	3.58	1.76
Free Cash Flow Per Share	0.07	-0.12	-	-	-
Dividend Per Share	0.090	0.090	0.090	0.070	-
Dividend Growth	-	-	28.57%	-	-
Gross Margin	60.73%	60.91%	61.80%	57.44%	58.81%
Operating Margin	10.21%	10.00%	14.96%	11.71%	7.86%
Profit Margin	8.43%	7.65%	12.82%	8.93%	4.02%
Free Cash Flow Margin	3.08%	-4.88%	1.32%	7.67%	5.21%
EBITDA	7.72	7.73	10.91	7.72	4.96
EBITDA Margin	12.25%	12.34%	18.53%	16.54%	14.69%
D&A For EBITDA	1.29	1.47	2.1	2.25	2.3
EBIT	6.43	6.27	8.81	5.47	2.65
EBIT Margin	10.21%	10.00%	14.96%	11.71%	7.86%
Effective Tax Rate	14.74%	16.92%	13.36%	20.39%	33.04%

Updated Sep 23, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.