Automobile Réseau Tunisien et Services S.A. (BVMT: ARTES)

ARTES Income Statement

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

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2022	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Operating Revenue	175.33	175.33	270.15	212.27	244.35	235.4
Other Revenue	0.31	0.31	0.26	0.14	0.23	0.22
Revenue	175.64	175.64	270.41	212.41	244.58	235.62
Revenue Growth (YoY)	-35.05%	-35.05%	27.31%	-13.15%	3.80%	-10.37%
Cost of Revenue	130.91	130.91	209.5	162.42	196.78	192.29
Gross Profit	44.73	44.73	60.92	49.99	47.8	43.33
Selling, General & Admin	8.48	8.48	8.52	7.88	8.33	9.11
Other Operating Expenses	2.96	2.96	3.91	3.68	3.29	2.71
Operating Expenses	12.66	12.66	14.19	12.67	12.66	13.25
Operating Income	32.07	32.07	46.73	37.32	35.14	30.07
Interest & Investment Income	13.67	13.67	8.32	6.78	10.78	12.66
Earnings From Equity Investments	0.43	0.43	0.41	0.37	0.39	-
Currency Exchange Gain (Loss)	-0.02	-0.02	0.05	0.18	-0.44	0.12
Other Non Operating Income (Expenses)	-0.43	-0.43	-0.11	0.1	0.41	-0.38
EBT Excluding Unusual Items	45.72	45.72	55.4	44.75	46.28	42.47
Gain (Loss) on Sale of Assets	0	0	0	0.02	0.05	-0
Other Unusual Items	0.09	0.09	0.11	-0.41	0.06	0.02
Pretax Income	45.82	45.82	55.51	44.36	46.39	42.48
Income Tax Expense	16.02	16.02	13.57	10.55	16.03	11.06
Earnings From Continuing Operations	29.8	29.8	41.94	33.81	30.36	31.42
Minority Interest in Earnings	-0.62	-0.62	-0.64	-0.57	-0.35	-0.35
Net Income	29.18	29.18	41.29	33.24	30.01	31.07
Net Income to Common	29.18	29.18	41.29	33.24	30.01	31.07
Net Income Growth	-29.33%	-29.33%	24.23%	10.76%	-3.40%	-12.30%
Shares Outstanding (Basic)	38	38	38	38	-	-
Shares Outstanding (Diluted)	38	38	38	38	-	-
EPS (Basic)	0.76	0.76	1.08	0.87	-	-
EPS (Diluted)	0.76	0.76	1.08	0.87	-	-
EPS Growth	-29.33%	-29.33%	24.23%	-	-	-
Free Cash Flow	82.4	82.4	61.06	13.85	35.6	-18.85
Free Cash Flow Per Share	2.15	2.15	1.60	0.36	-	-
Dividend Per Share	1.000	1.000	0.800	0.800	-	-
Dividend Growth	25.00%	25.00%	0%	-	-	-
Gross Margin	25.47%	25.47%	22.53%	23.53%	19.54%	18.39%
Operating Margin	18.26%	18.26%	17.28%	17.57%	14.37%	12.76%
Profit Margin	16.61%	16.61%	15.27%	15.65%	12.27%	13.18%
Free Cash Flow Margin	46.92%	46.92%	22.58%	6.52%	14.56%	-8.00%
EBITDA	33.14	33.14	47.78	38.19	35.95	30.88
EBITDA Margin	18.87%	18.87%	17.67%	17.98%	14.70%	13.11%
D&A For EBITDA	1.06	1.06	1.06	0.87	0.81	0.81
EBIT	32.07	32.07	46.73	37.32	35.14	30.07
EBIT Margin	18.26%	18.26%	17.28%	17.57%	14.37%	12.76%
Effective Tax Rate	34.96%	34.96%	24.45%	23.78%	34.56%	26.04%
Revenue as Reported	176.06	176.06	270.74	212.87	244.97	236.04

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