Befesa S.A. (ETR: BFSA)

Befesa 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,191	1,181	1,136	821.61	604.33	647.94
Revenue Growth (YoY)	-0.70%	3.92%	38.27%	35.95%	-6.73%	-10.02%
Cost of Revenue	705.87	724.4	696.56	458.8	338.24	339.73
Gross Profit	485.39	456.2	439.47	362.81	266.09	308.21
Other Operating Expenses	303.01	291.95	289.87	179.22	142.6	148.65
Operating Expenses	391.35	372.62	357.95	232.7	180.04	182.76
Operating Income	94.04	83.58	81.52	130.11	86.05	125.45
Interest Expense	-39.4	-35.79	-22.81	-15.36	-15.25	-15.72
Interest & Investment Income	-	2.64	0.75	0.34	1.01	0.33
Currency Exchange Gain (Loss)	-4.3	-2.18	-6.71	8.63	-3	-0.93
Other Non Operating Income (Expenses)	-3.21	-3.21	0.76	-9.22	-7.04	-3.77
EBT Excluding Unusual Items	47.13	45.05	53.51	114.51	61.76	105.36
Merger & Restructuring Charges	-	-	-	-7.8	-13.4	-
Gain (Loss) on Sale of Investments	-0.04	-0.04	-6.41	-	-	-
Asset Writedown	-1.51	-1.51	-2.06	-0.87	-4.73	-1.48
Other Unusual Items	20.5	20.5	51.63	-	15	-
Pretax Income	70.15	68.07	130.34	111.85	58.63	103.88
Income Tax Expense	14.41	10.5	23.84	9.5	11.75	15.99
Earnings From Continuing Operations	55.75	57.57	106.5	102.35	46.89	87.9
Net Income to Company	55.75	57.57	106.5	102.35	46.89	87.9
Minority Interest in Earnings	-0.35	0.4	-0.28	-2.61	0.72	-5.18
Net Income	55.4	57.97	106.22	99.75	47.61	82.71
Net Income to Common	55.4	57.97	106.22	99.75	47.61	82.71
Net Income Growth	19.07%	-45.42%	6.49%	109.51%	-42.44%	-8.29%
Shares Outstanding (Basic)	40	40	40	37	34	34
Shares Outstanding (Diluted)	40	40	40	37	34	34
Shares Change (YoY)	0.84%	-	7.28%	9.45%	-	-
EPS (Basic)	1.38	1.45	2.66	2.68	1.40	2.43
EPS (Diluted)	1.38	1.45	2.66	2.68	1.40	2.43
EPS Growth	18.08%	-45.42%	-0.74%	91.43%	-42.44%	-8.29%
Free Cash Flow	69.39	15.94	33.14	42.37	40	28.12
Free Cash Flow Per Share	1.72	0.40	0.83	1.14	1.17	0.83
Dividend Per Share	0.730	0.730	1.250	1.250	1.170	0.730
Dividend Growth	-41.60%	-41.60%	0%	6.84%	60.27%	-44.70%
Gross Margin	40.75%	38.64%	38.68%	44.16%	44.03%	47.57%
Operating Margin	7.89%	7.08%	7.18%	15.84%	14.24%	19.36%
Profit Margin	4.65%	4.91%	9.35%	12.14%	7.88%	12.77%
Free Cash Flow Margin	5.82%	1.35%	2.92%	5.16%	6.62%	4.34%
EBITDA	168.25	150.12	138.02	175.75	117.48	152.83
EBITDA Margin	14.12%	12.72%	12.15%	21.39%	19.44%	23.59%
D&A For EBITDA	74.21	66.53	56.5	45.64	31.43	27.37
EBIT	94.04	83.58	81.52	130.11	86.05	125.45
EBIT Margin	7.89%	7.08%	7.18%	15.84%	14.24%	19.36%
Effective Tax Rate	20.54%	15.43%	18.29%	8.49%	20.04%	15.39%

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