Believe Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	988.83	880.31	760.81	577.15	441.42
Revenue Growth (YoY)	12.33%	15.71%	31.82%	30.75%	11.89%
Cost of Revenue	721.58	652.6	564.92	419.19	283.31
Gross Profit	267.25	227.71	195.88	157.96	158.11
Selling, General & Admin	260.07	247.19	214.49	172.57	175.95
Other Operating Expenses	7.5	1.95	2.7	5.52	-
Operating Expenses	267.57	249.14	217.19	178.1	175.95
Operating Income	-0.32	-21.43	-21.31	-20.13	-17.84
Interest Expense	-2.43	-1.99	-1.39	-2.5	-2.02
Interest & Investment Income	4.04	6.22	2.59	0.18	0.07
Earnings From Equity Investments	0.82	-0.3	1.23	1.36	-0.59
Currency Exchange Gain (Loss)	-1.2	-	-	-4.2	4.86
Other Non Operating Income (Expenses)	-0	6.29	7.19	0	0
EBT Excluding Unusual Items	0.91	-11.21	-11.69	-25.29	-15.53
Merger & Restructuring Charges	-2.65	2.61	-2.17	-0.85	-1.02
Gain (Loss) on Sale of Assets	0.04	1.05	-0.02	-	-0.14
Other Unusual Items	6.88	-	-	-	-2.68
Pretax Income	5.18	-7.55	-13.88	-26.14	-19.37
Income Tax Expense	4.58	-4.87	11.09	2.5	6.92
Earnings From Continuing Operations	0.59	-2.68	-24.97	-28.64	-26.29
Minority Interest in Earnings	-3.65	-2.8	-4.79	-1.41	-0.56
Net Income	-3.05	-5.48	-29.76	-30.05	-26.85
Net Income to Common	-3.05	-5.48	-29.76	-30.05	-26.85
Shares Outstanding (Basic)	99	97	96	89	80
Shares Outstanding (Diluted)	99	97	96	89	80
Shares Change (YoY)	2.29%	0.76%	7.98%	10.94%	1.75%
EPS (Basic)	-0.03	-0.06	-0.31	-0.34	-0.33
EPS (Diluted)	-0.03	-0.06	-0.31	-0.34	-0.33
Free Cash Flow	18.42	11.11	73.08	-8.83	-11.08
Free Cash Flow Per Share	0.19	0.12	0.76	-0.10	-0.14
Gross Margin	27.03%	25.87%	25.75%	27.37%	35.82%
Operating Margin	-0.03%	-2.43%	-2.80%	-3.49%	-4.04%
Profit Margin	-0.31%	-0.62%	-3.91%	-5.21%	-6.08%
Free Cash Flow Margin	1.86%	1.26%	9.61%	-1.53%	-2.51%
EBITDA	40.26	17.64	14.67	6.14	0.5
EBITDA Margin	4.07%	2.00%	1.93%	1.06%	0.11%
D&A For EBITDA	40.58	39.07	35.97	26.27	18.34
EBIT	-0.32	-21.43	-21.31	-20.13	-17.84
EBIT Margin	-0.03%	-2.43%	-2.80%	-3.49%	-4.04%
Effective Tax Rate	88.55%	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.