Volati AB (publ) (STO: VOLO)

Volati AB Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	7,598	7,796	7,751	6,309	4,921	5,938
Revenue Growth (YoY)	-5.57%	0.58%	22.86%	28.21%	-17.13%	-2.40%
Cost of Revenue	4,606	4,790	4,867	3,897	3,074	3,672
Gross Profit	2,992	3,006	2,884	2,412	1,847	2,266
Selling, General & Admin	2,067	2,005	1,932	1,553	1,244	1,581
Other Operating Expenses	-13	2	-8	-11	-5	-6
Operating Expenses	2,438	2,370	2,256	1,791	1,439	1,941
Operating Income	554	636	628	621	408	325
Interest Expense	-150	-138	-73	-56	-60	-78
Interest & Investment Income	4	4	3	1	-	1
Earnings From Equity Investments	-	-	-	-	-	-2
Currency Exchange Gain (Loss)	-15	-15	9	10	-23	4
Other Non Operating Income (Expenses)	-14	-11	-12	-10	-7	-5
EBT Excluding Unusual Items	379	476	555	566	318	245
Merger & Restructuring Charges	-3	-3	-9	-9	-	-
Gain (Loss) on Sale of Assets	9	9	9	8	-5	2
Other Unusual Items	-1	-1	-4	-1	-4	17
Pretax Income	386	483	553	566	309	265
Income Tax Expense	94	115	119	124	63	21
Earnings From Continuing Operations	292	368	434	442	246	244
Earnings From Discontinued Operations	-	-	-	80	731	-247
Net Income to Company	292	368	434	522	977	-3
Minority Interest in Earnings	-9	-12	-17	-26	-10	77
Net Income	283	356	417	496	967	74
Preferred Dividends & Other Adjustments	64	64	64	65	64	64
Net Income to Common	219	292	353	431	903	10
Net Income Growth	-35.83%	-14.63%	-15.93%	-48.71%	1206.76%	-72.79%
Shares Outstanding (Basic)	79	79	79	79	79	80
Shares Outstanding (Diluted)	79	79	79	79	79	80
Shares Change (YoY)	-	-	-	-	-0.40%	-0.93%
EPS (Basic)	2.76	3.68	4.45	5.43	11.37	0.13
EPS (Diluted)	2.76	3.68	4.45	5.43	11.37	0.13
EPS Growth	-41.92%	-17.28%	-18.10%	-52.27%	8965.86%	-95.14%
Free Cash Flow	630	672	413	399	915	661
Free Cash Flow Per Share	7.93	8.46	5.20	5.02	11.52	8.29
Dividend Per Share	1.900	1.900	1.800	1.700	1.200	1.100
Dividend Growth	5.56%	5.56%	5.88%	41.67%	9.09%	10.00%
Gross Margin	39.38%	38.56%	37.21%	38.23%	37.53%	38.16%
Operating Margin	7.29%	8.16%	8.10%	9.84%	8.29%	5.47%
Profit Margin	2.88%	3.75%	4.55%	6.83%	18.35%	0.17%
Free Cash Flow Margin	8.29%	8.62%	5.33%	6.32%	18.59%	11.13%
EBITDA	783	844	781	728	495	454
EBITDA Margin	10.31%	10.83%	10.08%	11.54%	10.06%	7.65%
D&A For EBITDA	229	208	153	107	87	129
EBIT	554	636	628	621	408	325
EBIT Margin	7.29%	8.16%	8.10%	9.84%	8.29%	5.47%
Effective Tax Rate	24.35%	23.81%	21.52%	21.91%	20.39%	7.92%

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