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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	785.17	803.22	914.9	830.5	519.09	451.26
Other Revenue	1.1	2.82	0.54	-	1.51	0.91
Revenue	786.27	806.04	915.44	830.5	520.6	452.16
Revenue Growth (YoY)	-3.57%	-11.95%	10.23%	59.53%	15.14%	11.33%
Cost of Revenue	475.6	500.1	601.08	541.16	336.12	299.72
Gross Profit	310.67	305.94	314.36	289.34	184.49	152.45
Selling, General & Admin	105.46	108.98	113.22	93.33	58.64	48.6
Other Operating Expenses	82.03	79.69	81.06	79.03	43.11	37.67
Operating Expenses	205.28	206.37	209.38	185.23	109.22	92.52
Operating Income	105.4	99.57	104.98	104.11	75.27	59.93
Interest Expense	-10.42	-16.38	-13.49	-3.39	-2.68	-3.52
Interest & Investment Income	0.74	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)	-0.73	-0.66	-0.6	2.16	-0.16	0.03
EBT Excluding Unusual Items	93.88	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	94.44	82.81	78.78	110.04	76.48	54.02
Income Tax Expense	17.83	15.43	12.29	0.47	14.4	14.02
Earnings From Continuing Operations	76.61	67.38	66.49	109.57	62.08	40
Minority Interest in Earnings	-0.32	-0.35	-1.07	-1.75	-0	-0
Net Income	76.29	67.03	65.42	107.82	62.08	40
Net Income to Common	76.29	67.03	65.42	107.82	62.08	40
Net Income Growth	21.22%	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
Shares Change (YoY)	-0.11%	-	-	-	-	-
EPS (Basic)	3.60	3.16	3.08	5.08	2.92	1.88
EPS (Diluted)	3.60	3.16	3.08	5.08	2.92	1.88
EPS Growth	21.46%	2.46%	-39.32%	73.82%	55.32%	5.91%
Free Cash Flow	155.91	151.77	-28.95	45.21	58.11	49.92
Free Cash Flow Per Share	7.35	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	39.51%	37.96%	34.34%	34.84%	35.44%	33.72%
Operating Margin	13.40%	12.35%	11.47%	12.54%	14.46%	13.25%
Profit Margin	9.70%	8.32%	7.15%	12.98%	11.92%	8.85%
Free Cash Flow Margin	19.83%	18.83%	-3.16%	5.44%	11.16%	11.04%
EBITDA	118.06	112.15	115.59	113.41	80.13	64.26
EBITDA Margin	15.02%	13.91%	12.63%	13.66%	15.39%	14.21%
D&A For EBITDA	12.67	12.58	10.61	9.3	4.86	4.33
EBIT	105.4	99.57	104.98	104.11	75.27	59.93
EBIT Margin	13.40%	12.35%	11.47%	12.54%	14.46%	13.25%
Effective Tax Rate	18.88%	18.63%	15.60%	0.43%	18.83%	25.95%

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