Seri Industrial S.p.A. (BIT: SERI)

Seri Industrial 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	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,531	1,541	1,196	1,070	1,042	1,006
Revenue Growth (YoY)	19.67%	28.80%	11.83%	2.71%	3.56%	5.56%
Cost of Revenue	1,369	1,369	1,077	975.56	953.73	927.93
Gross Profit	162.61	171.48	118.85	94.21	87.81	77.79
Selling, General & Admin	100.11	100.25	75.79	71.03	67.63	67.69
Other Operating Expenses	7.17	6.29	-2.68	-2.38	-2.26	-2.86
Operating Expenses	107.28	106.55	73.11	68.65	65.37	64.84
Operating Income	55.33	64.93	45.74	25.57	22.44	12.95
Interest Expense	-12.74	-12.46	-4.08	-3.65	-4.03	-4.27
Interest & Investment Income	2.32	2.04	0.29	0.32	1.04	1.22
Earnings From Equity Investments	1.72	1.61	2.04	1.02	0.8	0.75
Currency Exchange Gain (Loss)	-	-	-1.61	-0.01	0.09	-0.62
Other Non Operating Income (Expenses)	-0	-0	-0	-	-	0
EBT Excluding Unusual Items	46.62	56.12	42.37	23.24	20.33	10.04
Merger & Restructuring Charges	-	-	-1.55	-	-	-
Gain (Loss) on Sale of Investments	-	-	-0.48	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	1.78	-	0.05
Other Unusual Items	0.62	-	-4.21	-4.18	-3.65	-4.63
Pretax Income	47.24	56.12	36.13	20.84	16.68	5.47
Income Tax Expense	7.1	8	3.67	2.33	4.41	3.2
Earnings From Continuing Operations	40.14	48.13	32.46	18.51	12.27	2.26
Net Income to Company	40.14	48.13	32.46	18.51	12.27	2.26
Minority Interest in Earnings	-0.7	-0.85	-0.2	-0.22	-0.05	-0.24
Net Income	39.43	47.28	32.27	18.29	12.22	2.02
Net Income to Common	39.43	47.28	32.27	18.29	12.22	2.02
Net Income Growth	7.10%	46.52%	76.41%	49.71%	504.20%	-74.64%
Shares Outstanding (Basic)	17	17	17	18	17	17
Shares Outstanding (Diluted)	17	17	17	18	17	17
Shares Change (YoY)	-0.50%	-0.45%	-1.30%	1.23%	0.28%	-0.15%
EPS (Basic)	2.31	2.76	1.87	1.04	0.71	0.12
EPS (Diluted)	2.30	2.75	1.87	1.04	0.71	0.12
EPS Growth	7.63%	47.19%	78.73%	47.95%	503.42%	-74.68%
Free Cash Flow	41.74	63.64	28.31	26.54	1.25	-9.42
Free Cash Flow Per Share	2.43	3.70	1.64	1.52	0.07	-0.55
Dividend Per Share	0.600	0.600	0.350	0.300	0.200	-
Dividend Growth	71.43%	71.43%	16.67%	50.00%	-	-
Gross Margin	10.62%	11.13%	9.93%	8.81%	8.43%	7.73%
Operating Margin	3.61%	4.21%	3.82%	2.39%	2.15%	1.29%
Profit Margin	2.58%	3.07%	2.70%	1.71%	1.17%	0.20%
Free Cash Flow Margin	2.73%	4.13%	2.37%	2.48%	0.12%	-0.94%
EBITDA	68.58	81.78	61.29	43.58	39.43	27.92
EBITDA Margin	4.48%	5.31%	5.12%	4.07%	3.79%	2.78%
D&A For EBITDA	13.24	16.85	15.55	18.01	17	14.97
EBIT	55.33	64.93	45.74	25.57	22.44	12.95
EBIT Margin	3.61%	4.21%	3.82%	2.39%	2.15%	1.29%
Effective Tax Rate	15.04%	14.25%	10.16%	11.17%	26.44%	58.57%
Advertising Expenses	-	-	2.22	1.29	1.11	2.33

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