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

BVMT: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	Jun 30, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Operating Revenue	190.64	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	190.95	175.64	270.41	212.41	244.58	235.62
Revenue Growth (YoY)	-9.56%	-35.05%	27.31%	-13.15%	3.80%	-10.37%
Cost of Revenue	147.44	130.91	209.5	162.42	196.78	192.29
Gross Profit	43.51	44.73	60.92	49.99	47.8	43.33
Selling, General & Admin	8.77	8.48	8.52	7.88	8.33	9.11
Other Operating Expenses	2.9	2.96	3.91	3.68	3.29	2.71
Operating Expenses	12.85	12.66	14.19	12.67	12.66	13.25
Operating Income	30.65	32.07	46.73	37.32	35.14	30.07
Interest & Investment Income	13.2	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)	0.05	-0.02	0.05	0.18	-0.44	0.12
Other Non Operating Income (Expenses)	-0.57	-0.43	-0.11	0.1	0.41	-0.38
EBT Excluding Unusual Items	43.72	45.72	55.4	44.75	46.28	42.47
Gain (Loss) on Sale of Assets	0.02	0	0	0.02	0.05	-0
Other Unusual Items	-0.2	0.09	0.11	-0.41	0.06	0.02
Pretax Income	43.54	45.82	55.51	44.36	46.39	42.48
Income Tax Expense	15.94	16.02	13.57	10.55	16.03	11.06
Earnings From Continuing Operations	27.6	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	26.98	29.18	41.29	33.24	30.01	31.07
Net Income to Common	26.98	29.18	41.29	33.24	30.01	31.07
Net Income Growth	-31.48%	-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)	0.71	0.76	1.08	0.87	-	-
EPS (Diluted)	0.71	0.76	1.08	0.87	-	-
EPS Growth	-31.48%	-29.33%	24.23%	-	-	-
Free Cash Flow	40.58	82.4	61.06	13.85	35.6	-18.85
Free Cash Flow Per Share	1.06	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	22.78%	25.47%	22.53%	23.53%	19.54%	18.39%
Operating Margin	16.05%	18.26%	17.28%	17.57%	14.37%	12.76%
Profit Margin	14.13%	16.61%	15.27%	15.65%	12.27%	13.18%
Free Cash Flow Margin	21.25%	46.92%	22.58%	6.52%	14.56%	-8.00%
EBITDA	31.76	33.14	47.78	38.19	35.95	30.88
EBITDA Margin	16.63%	18.87%	17.67%	17.98%	14.70%	13.11%
D&A For EBITDA	1.11	1.06	1.06	0.87	0.81	0.81
EBIT	30.65	32.07	46.73	37.32	35.14	30.07
EBIT Margin	16.05%	18.26%	17.28%	17.57%	14.37%	12.76%
Effective Tax Rate	36.60%	34.96%	24.45%	23.78%	34.56%	26.04%
Revenue as Reported	191.36	176.06	270.74	212.87	244.97	236.04

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