ETR: VH2 Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	437.32	373.36	368.16	279.07	291.79	179.33
Other Revenue	1.23	1.23	1.43	0.11	0.18	0.05
Revenue	438.55	374.59	369.59	279.18	291.97	179.39
Revenue Growth (YoY)	13.61%	1.35%	32.38%	-4.38%	62.76%	-
Cost of Revenue	221.35	205.38	197.06	114.1	134.33	85.43
Gross Profit	217.2	169.21	172.53	165.08	157.64	93.96
Selling, General & Admin	151.34	138.28	129.03	106.86	99.67	54.2
Other Operating Expenses	16.85	14.75	10.68	10.06	10.62	5.83
Operating Expenses	188.4	171.1	156.37	129.97	121.64	68
Operating Income	28.81	-1.9	16.16	35.11	35.99	25.95
Interest Expense	-1.46	-1.04	-0.93	-0.9	-1	-0.85
Interest & Investment Income	0.87	0.3	0.03	0.01	0.12	0.12
Earnings From Equity Investments	11.21	14.74	16.06	5.12	10.55	4.19
Currency Exchange Gain (Loss)	-0.02	-0.02	-0.01	-0.02	0.04	0.04
Other Non Operating Income (Expenses)	0.01	0.01	0.01	0.03	0.01	-
EBT Excluding Unusual Items	39.41	12.1	31.31	39.36	45.7	29.45
Gain (Loss) on Sale of Investments	0.01	0.01	0.33	0.06	-	-
Gain (Loss) on Sale of Assets	0.2	0.2	0.22	0.37	0.27	-
Other Unusual Items	-	-	-	0.14	-	3.43
Pretax Income	40.02	12.7	32.11	40.19	46.29	32.92
Income Tax Expense	9.52	2.04	13.25	10.05	11.87	4.54
Earnings From Continuing Operations	30.49	10.66	18.86	30.14	34.42	28.39
Minority Interest in Earnings	-2.39	-0.51	-1.72	-3.37	-3.86	-
Net Income	28.1	10.15	17.14	26.77	30.56	28.39
Net Income to Common	28.1	10.15	17.14	26.77	30.56	28.39
Net Income Growth	1330.13%	-40.78%	-35.97%	-12.41%	7.66%	-
Shares Outstanding (Basic)	20	20	20	20	18	-
Shares Outstanding (Diluted)	20	20	20	20	18	-
Shares Change (YoY)	-	-	2.36%	8.55%	-	-
EPS (Basic)	1.41	0.51	0.86	1.37	1.70	-
EPS (Diluted)	1.41	0.51	0.86	1.37	1.70	-
EPS Growth	1330.13%	-40.78%	-37.44%	-19.31%	-	-
Free Cash Flow	50.51	20.06	-42.28	8.42	13.12	53.75
Free Cash Flow Per Share	2.53	1.00	-2.11	0.43	0.73	-
Dividend Per Share	0.120	0.120	0.120	0.200	-	-
Dividend Growth	0%	0%	-40.00%	-	-	-
Gross Margin	49.53%	45.17%	46.68%	59.13%	53.99%	52.38%
Operating Margin	6.57%	-0.51%	4.37%	12.58%	12.33%	14.47%
Profit Margin	6.41%	2.71%	4.64%	9.59%	10.47%	15.82%
Free Cash Flow Margin	11.52%	5.36%	-11.44%	3.02%	4.49%	29.96%
EBITDA	46.52	13.68	29.72	44.86	47.35	33.93
EBITDA Margin	10.61%	3.65%	8.04%	16.07%	16.22%	18.91%
D&A For EBITDA	17.71	15.58	13.56	9.75	11.35	7.98
EBIT	28.81	-1.9	16.16	35.11	35.99	25.95
EBIT Margin	6.57%	-0.51%	4.37%	12.58%	12.33%	14.47%
Effective Tax Rate	23.80%	16.09%	41.26%	25.00%	25.65%	13.79%
Revenue as Reported	456.07	395.35	391.91	288.6	305.92	190.73
Advertising Expenses	-	0.34	0.36	0.25	0.24	0.11

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