Lubawa S.A. (WSE: LBW)

Lubawa 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
Revenue	443.28	377.61	332.01	265.43	237.68	258.12
Revenue Growth (YoY)	61.43%	13.74%	25.08%	11.68%	-7.92%	7.75%
Cost of Revenue	286.15	260.33	238.83	186.78	158.44	193.28
Gross Profit	157.13	117.28	93.18	78.65	79.24	64.84
Selling, General & Admin	66.56	61.36	60.14	49.42	40.61	41.9
Other Operating Expenses	3.63	-0.15	4.84	-0.8	-0.76	0.27
Operating Expenses	70.2	61.21	64.98	48.62	39.88	42.21
Operating Income	86.93	56.07	28.19	30.03	39.36	22.63
Interest Expense	-1.46	-2.23	-2.8	-0.91	-1.61	-2.39
Interest & Investment Income	0.31	0.31	0.06	0.1	0.62	0.02
Earnings From Equity Investments	-0.02	-0.03	-0.04	-0.01	0.02	-0.11
Currency Exchange Gain (Loss)	0.8	0.8	0.5	0.27	0.6	0.43
Other Non Operating Income (Expenses)	1.09	-0.88	-1.01	-0.71	-1.41	-1.02
EBT Excluding Unusual Items	87.66	54.04	24.89	28.77	37.57	19.55
Gain (Loss) on Sale of Investments	-	-	-	-0.16	-	5.69
Gain (Loss) on Sale of Assets	-0.34	-0.34	-	0.51	-0.21	0.16
Asset Writedown	-	-	-	0.31	1.03	0.1
Other Unusual Items	-	-	-	-	0.1	0
Pretax Income	87.32	53.7	24.89	29.43	38.49	25.51
Income Tax Expense	15.84	8.35	4.51	5.35	7.37	5.22
Earnings From Continuing Operations	71.48	45.35	20.39	24.08	31.12	20.29
Minority Interest in Earnings	0.25	0.26	0.22	0.16	0.19	0.32
Net Income	71.72	45.61	20.61	24.24	31.31	20.61
Net Income to Common	71.72	45.61	20.61	24.24	31.31	20.61
Net Income Growth	7286.61%	121.30%	-14.97%	-22.58%	51.94%	230.79%
Shares Outstanding (Basic)	129	150	150	150	150	109
Shares Outstanding (Diluted)	129	150	150	150	150	150
Shares Change (YoY)	-24.57%	-	-	-	-	-
EPS (Basic)	0.56	0.30	0.14	0.16	0.21	0.19
EPS (Diluted)	0.55	0.30	0.14	0.16	0.21	0.14
EPS Growth	11183.40%	118.74%	-14.28%	-23.20%	48.82%	250.00%
Free Cash Flow	71.81	102.56	-5.14	16.8	11.23	8.7
Free Cash Flow Per Share	0.56	0.68	-0.03	0.11	0.07	0.06
Gross Margin	35.45%	31.06%	28.07%	29.63%	33.34%	25.12%
Operating Margin	19.61%	14.85%	8.49%	11.31%	16.56%	8.77%
Profit Margin	16.18%	12.08%	6.21%	9.13%	13.17%	7.98%
Free Cash Flow Margin	16.20%	27.16%	-1.55%	6.33%	4.72%	3.37%
EBITDA	98.37	67.19	39.4	41.18	49.83	33.47
EBITDA Margin	22.19%	17.79%	11.87%	15.51%	20.96%	12.97%
D&A For EBITDA	11.44	11.12	11.2	11.15	10.46	10.85
EBIT	86.93	56.07	28.19	30.03	39.36	22.63
EBIT Margin	19.61%	14.85%	8.49%	11.31%	16.56%	8.77%
Effective Tax Rate	18.14%	15.54%	18.11%	18.18%	19.14%	20.46%

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