Sonel S.A. (WSE: SON)

Sonel 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	208.48	214.49	180.04	158.14	116.14	109.04
Revenue Growth (YoY)	7.82%	19.14%	13.85%	36.15%	6.52%	18.95%
Cost of Revenue	160.77	170.21	140.89	119.08	82.08	79.93
Gross Profit	47.71	44.29	39.14	39.06	34.06	29.11
Selling, General & Admin	29.48	26.24	25.38	22.25	18.58	19.72
Other Operating Expenses	-1.57	-2.57	-2.71	-2.57	-1.3	-1.42
Operating Expenses	27.91	23.66	22.67	19.68	17.28	18.29
Operating Income	19.8	20.63	16.47	19.38	16.78	10.82
Interest Expense	-0.16	-0.2	-0.31	-0.02	-0.05	-0.03
Interest & Investment Income	0.09	0.09	-	0.02	0.05	0.04
Currency Exchange Gain (Loss)	0.38	0.7	-0.38	0.34	-0.39	0.04
Other Non Operating Income (Expenses)	-0.33	-0.27	-0.09	-0.06	0.04	-0.25
EBT Excluding Unusual Items	19.78	20.95	15.69	19.65	16.43	10.61
Gain (Loss) on Sale of Assets	-0.41	-0.3	-0.11	-0.26	-0.14	-0.67
Asset Writedown	-0.24	-0.24	-1.02	-3.31	-1.82	0.65
Pretax Income	19.14	20.42	14.56	16.08	14.47	10.59
Income Tax Expense	1.29	0.92	-0.15	-0.08	1.05	1.14
Earnings From Continuing Operations	17.84	19.5	14.71	16.16	13.42	9.44
Minority Interest in Earnings	-1.2	-2.4	-0.11	-1.48	-0.01	0.01
Net Income	16.64	17.1	14.6	14.68	13.41	9.45
Net Income to Common	16.64	17.1	14.6	14.68	13.41	9.45
Net Income Growth	18.96%	17.11%	-0.53%	9.50%	41.83%	22.10%
Shares Outstanding (Basic)	14	14	14	14	14	14
Shares Outstanding (Diluted)	14	14	14	14	14	14
EPS (Basic)	1.19	1.22	1.04	1.05	0.96	0.68
EPS (Diluted)	1.18	1.22	1.04	1.05	0.96	0.68
EPS Growth	18.08%	17.31%	-0.82%	9.50%	41.83%	22.77%
Free Cash Flow	9.44	17.24	5.21	-0.14	18.62	4.66
Free Cash Flow Per Share	0.67	1.23	0.37	-0.01	1.33	0.33
Dividend Per Share	0.700	0.700	0.600	0.500	1.000	0.400
Dividend Growth	16.67%	16.67%	20.00%	-50.00%	150.00%	-20.00%
Gross Margin	22.88%	20.65%	21.74%	24.70%	29.33%	26.70%
Operating Margin	9.50%	9.62%	9.15%	12.25%	14.45%	9.92%
Profit Margin	7.98%	7.97%	8.11%	9.28%	11.54%	8.67%
Free Cash Flow Margin	4.53%	8.04%	2.89%	-0.09%	16.04%	4.27%
EBITDA	20.61	24.27	19.15	21.76	18.94	13.15
EBITDA Margin	9.89%	11.32%	10.64%	13.76%	16.30%	12.06%
D&A For EBITDA	0.81	3.65	2.68	2.38	2.15	2.33
EBIT	19.8	20.63	16.47	19.38	16.78	10.82
EBIT Margin	9.50%	9.62%	9.15%	12.25%	14.45%	9.92%
Effective Tax Rate	6.75%	4.52%	-	-	7.28%	10.80%
Advertising Expenses	-	0.88	1.31	0.82	0.88	1.36

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