Netel Holding AB (publ) (STO: NETEL)

Netel Holding AB Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,559	3,459	3,141	2,418	1,845
Other Revenue	-	-	-	-1	-
Revenue	3,559	3,459	3,141	2,417	1,845
Revenue Growth (YoY)	4.13%	10.12%	29.95%	31.00%	-
Cost of Revenue	2,338	2,246	1,981	1,558	1,250
Gross Profit	1,221	1,213	1,160	859	595
Selling, General & Admin	1,034	1,038	944	692	440
Other Operating Expenses	-32	-32	-25	-3	-2
Operating Expenses	1,079	1,082	984	733	477
Operating Income	142	131	176	126	118
Interest Expense	-67	-66	-27	-27	-24
Interest & Investment Income	6	6	-	-	1
Currency Exchange Gain (Loss)	5	5	15	5	-23
Other Non Operating Income (Expenses)	-18	-9	-3	-4	-6
EBT Excluding Unusual Items	68	67	161	100	66
Merger & Restructuring Charges	-3	-3	-	-	-
Pretax Income	65	64	161	100	66
Income Tax Expense	17	20	38	34	18
Net Income	48	44	123	66	48
Net Income to Common	48	44	123	66	48
Net Income Growth	-12.73%	-64.23%	86.36%	37.50%	-
Shares Outstanding (Basic)	49	48	48	36	33
Shares Outstanding (Diluted)	49	48	48	36	33
Shares Change (YoY)	0.29%	1.58%	34.31%	9.34%	-
EPS (Basic)	0.99	0.91	2.58	1.86	1.48
EPS (Diluted)	0.99	0.91	2.58	1.86	1.48
EPS Growth	-12.98%	-64.78%	38.76%	25.76%	-
Free Cash Flow	174	229	-80	106	127
Free Cash Flow Per Share	3.59	4.72	-1.68	2.98	3.91
Gross Margin	34.31%	35.07%	36.93%	35.54%	32.25%
Operating Margin	3.99%	3.79%	5.60%	5.21%	6.40%
Profit Margin	1.35%	1.27%	3.92%	2.73%	2.60%
Free Cash Flow Margin	4.89%	6.62%	-2.55%	4.39%	6.88%
EBITDA	162	150	189	134	123
EBITDA Margin	4.55%	4.34%	6.02%	5.54%	6.67%
D&A For EBITDA	20	19	13	8	5
EBIT	142	131	176	126	118
EBIT Margin	3.99%	3.79%	5.60%	5.21%	6.40%
Effective Tax Rate	26.15%	31.25%	23.60%	34.00%	27.27%
Revenue as Reported	3,592	3,491	3,166	2,420	1,847

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