FERRO S.A. (WSE: FRO)

FERRO Income Statement

Financials in millions PLN. 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
Operating Revenue	792.49	803.22	914.9	830.5	519.09	451.26
Other Revenue	0.42	2.82	0.54	-	1.51	0.91
Revenue	792.91	806.04	915.44	830.5	520.6	452.16
Revenue Growth (YoY)	-4.32%	-11.95%	10.23%	59.53%	15.14%	11.33%
Cost of Revenue	485.66	500.1	601.08	541.16	336.12	299.72
Gross Profit	307.25	305.94	314.36	289.34	184.49	152.45
Selling, General & Admin	105.45	108.98	113.22	93.33	58.64	48.6
Other Operating Expenses	81.76	79.69	81.06	79.03	43.11	37.67
Operating Expenses	205.17	206.37	209.38	185.23	109.22	92.52
Operating Income	102.08	99.57	104.98	104.11	75.27	59.93
Interest Expense	-14.03	-16.38	-13.49	-3.39	-2.68	-3.52
Interest & Investment Income	0.54	0.83	0.01	15.29	0	0.01
Currency Exchange Gain (Loss)	-1.1	-1.1	-12.76	-8.34	3.57	-2.82
Other Non Operating Income (Expenses)	-0.66	-0.66	-0.6	2.16	-0.16	0.03
EBT Excluding Unusual Items	86.82	82.25	78.15	109.82	76	53.63
Gain (Loss) on Sale of Assets	0.28	0.28	0.27	0.08	0.2	0.17
Legal Settlements	-	-	0	-	0.19	-
Pretax Income	87.38	82.81	78.78	110.04	76.48	54.02
Income Tax Expense	16.97	15.43	12.29	0.47	14.4	14.02
Earnings From Continuing Operations	70.42	67.38	66.49	109.57	62.08	40
Minority Interest in Earnings	-0.16	-0.35	-1.07	-1.75	-0	-0
Net Income	70.26	67.03	65.42	107.82	62.08	40
Net Income to Common	70.26	67.03	65.42	107.82	62.08	40
Net Income Growth	26.48%	2.46%	-39.32%	73.69%	55.20%	6.07%
Shares Outstanding (Basic)	21	21	21	21	21	21
Shares Outstanding (Diluted)	21	21	21	21	21	21
EPS (Basic)	3.31	3.16	3.08	5.08	2.92	1.88
EPS (Diluted)	3.31	3.16	3.08	5.08	2.92	1.88
EPS Growth	26.48%	2.46%	-39.32%	73.82%	55.32%	5.91%
Free Cash Flow	179.85	151.77	-28.95	45.21	58.11	49.92
Free Cash Flow Per Share	8.47	7.14	-1.36	2.13	2.74	2.35
Dividend Per Share	3.160	3.160	1.500	1.510	2.200	0.400
Dividend Growth	110.67%	110.67%	-0.66%	-31.36%	450.00%	-64.29%
Gross Margin	38.75%	37.96%	34.34%	34.84%	35.44%	33.72%
Operating Margin	12.87%	12.35%	11.47%	12.54%	14.46%	13.25%
Profit Margin	8.86%	8.32%	7.15%	12.98%	11.92%	8.85%
Free Cash Flow Margin	22.68%	18.83%	-3.16%	5.44%	11.16%	11.04%
EBITDA	114.92	112.15	115.59	113.41	80.13	64.26
EBITDA Margin	14.49%	13.91%	12.63%	13.66%	15.39%	14.21%
D&A For EBITDA	12.83	12.58	10.61	9.3	4.86	4.33
EBIT	102.08	99.57	104.98	104.11	75.27	59.93
EBIT Margin	12.87%	12.35%	11.47%	12.54%	14.46%	13.25%
Effective Tax Rate	19.41%	18.63%	15.60%	0.43%	18.83%	25.95%

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