SOL S.p.A. (BIT: SOL)

SOL 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,531	1,487	1,379	1,132	986.32	917.98
Other Revenue	18.49	17.01	45.68	0.46	0.82	0.53
Revenue	1,549	1,504	1,425	1,132	987.14	918.5
Revenue Growth (YoY)	4.34%	5.56%	25.84%	14.71%	7.47%	8.65%
Cost of Revenue	1,173	1,147	1,135	882.12	740.8	715.55
Gross Profit	375.98	356.74	290.04	250.18	246.34	202.95
Other Operating Expenses	3.69	5.14	4.47	3.74	2.85	5.69
Operating Expenses	154.42	149.91	133.42	123.03	113.84	111.16
Operating Income	221.56	206.84	156.62	127.15	132.5	91.79
Interest Expense	-19.68	-16.67	-8.31	-8.1	-8	-8.33
Interest & Investment Income	2.58	1.94	0.73	0.33	0.74	1.03
Earnings From Equity Investments	-0.04	0.61	0.37	-0.78	0.02	0.26
Currency Exchange Gain (Loss)	-0.69	-0.49	-1.12	-0.39	-1.32	-0.31
Other Non Operating Income (Expenses)	-1.17	-0.21	-4.25	-0.91	-1.25	-1.12
EBT Excluding Unusual Items	202.57	192.02	144.02	117.3	122.69	83.33
Impairment of Goodwill	-1.26	-1.26	-0.1	-	-	-
Gain (Loss) on Sale of Assets	1.62	1.68	1.25	1.12	0.81	0.71
Asset Writedown	-1.2	-1.2	-0.52	-0.05	-0.19	-
Other Unusual Items	7.95	19.37	35.21	7.56	6.87	-3.84
Pretax Income	209.68	210.61	179.87	125.93	130.18	80.2
Income Tax Expense	61.85	57.91	42.29	32.17	21.94	27.78
Earnings From Continuing Operations	147.83	152.71	137.58	93.76	108.23	52.42
Earnings From Discontinued Operations	-	-	-	-	-	-3.08
Net Income to Company	147.83	152.71	137.58	93.76	108.23	49.34
Minority Interest in Earnings	-6.79	-6.97	-3.88	-4.21	-5.19	-
Net Income	141.04	145.73	133.69	89.55	103.05	49.34
Net Income to Common	141.04	145.73	133.69	89.55	103.05	49.34
Net Income Growth	-5.10%	9.01%	49.30%	-13.10%	108.86%	-4.90%
Shares Outstanding (Basic)	91	91	91	91	91	91
Shares Outstanding (Diluted)	91	91	91	91	91	91
Shares Change (YoY)	0.02%	-0.02%	-0.03%	0.02%	0.02%	-0.00%
EPS (Basic)	1.56	1.61	1.47	0.99	1.14	0.54
EPS (Diluted)	1.56	1.61	1.47	0.99	1.14	0.54
EPS Growth	-5.12%	9.02%	49.34%	-13.12%	108.82%	-4.90%
Free Cash Flow	118.18	105.68	89.07	69.27	103.84	88.68
Free Cash Flow Per Share	1.30	1.17	0.98	0.76	1.14	0.98
Dividend Per Share	0.370	0.370	0.330	0.240	0.220	0.175
Dividend Growth	12.12%	12.12%	37.50%	9.09%	25.71%	0%
Gross Margin	24.27%	23.72%	20.36%	22.09%	24.95%	22.10%
Operating Margin	14.30%	13.75%	10.99%	11.23%	13.42%	9.99%
Profit Margin	9.10%	9.69%	9.38%	7.91%	10.44%	5.37%
Free Cash Flow Margin	7.63%	7.03%	6.25%	6.12%	10.52%	9.65%
EBITDA	349.3	330.17	267.12	229.63	227.54	183.37
EBITDA Margin	22.54%	21.95%	18.75%	20.28%	23.05%	19.96%
D&A For EBITDA	127.74	123.34	110.51	102.49	95.05	91.57
EBIT	221.56	206.84	156.62	127.15	132.5	91.79
EBIT Margin	14.30%	13.75%	10.99%	11.23%	13.42%	9.99%
Effective Tax Rate	29.50%	27.49%	23.51%	25.55%	16.86%	34.64%
Revenue as Reported	1,563	1,530	1,463	1,143	996.2	926.86

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