Zaklad Budowy Maszyn ZREMB - Chojnice S.A. (WSE: ZRE)

ZRE Income Statement

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

Fiscal Year	TTM	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Operating Revenue	30.77	28.71	24.93	33.09	31.96	22.83
Revenue	30.77	28.71	24.93	33.09	31.96	22.83
Revenue Growth (YoY)	9.73%	15.17%	-24.66%	3.55%	39.99%	16.45%
Cost of Revenue	25.47	24.95	20.17	26.2	24.18	20.53
Gross Profit	5.29	3.76	4.76	6.89	7.78	2.3
Selling, General & Admin	5.87	5.78	4.66	5.77	5.2	4.52
Other Operating Expenses	-1.81	-2.89	-1.33	-0.35	-1.39	-0.39
Operating Expenses	4.05	2.89	3.34	5.42	3.82	4.13
Operating Income	1.24	0.87	1.43	1.47	3.96	-1.83
Interest Expense	-	-0.16	-0.12	-0.49	-0.28	-1.04
Interest & Investment Income	0.07	0.01	0.01	0.01	0.76	-
Earnings From Equity Investments	-	-	-	-	-0.02	-1.65
Currency Exchange Gain (Loss)	-0.09	-0.09	0.07	-0.14	-0.08	-0.12
Other Non Operating Income (Expenses)	0.16	-0.13	-0.14	-0.69	-0.03	-0.05
EBT Excluding Unusual Items	1.39	0.51	1.25	0.16	4.31	-4.69
Merger & Restructuring Charges	-	-	-0.08	-	-0.05	-0.06
Gain (Loss) on Sale of Investments	0.07	0.07	-	7.41	-	-1.03
Gain (Loss) on Sale of Assets	0.49	0.49	0.04	0.25	-0.02	0.09
Asset Writedown	-	-	-	-0.24	-0.24	-0.09
Legal Settlements	-0.01	-0.01	0.1	-	-0.03	-0.03
Other Unusual Items	-0.69	-0.69	-	-	-	0.01
Pretax Income	1.25	0.37	1.3	7.59	3.98	-5.8
Income Tax Expense	0.78	0.2	0.31	-0.01	-1.55	0.93
Earnings From Continuing Operations	0.47	0.17	1	7.6	5.52	-6.73
Earnings From Discontinued Operations	-	-	-	-0.09	-0.13	-9.1
Net Income to Company	0.47	0.17	1	7.5	5.39	-15.82
Minority Interest in Earnings	-	-	-	-	-	1.54
Net Income	0.47	0.17	1	7.5	5.39	-14.29
Net Income to Common	0.47	0.17	1	7.5	5.39	-14.29
Net Income Growth	-72.72%	-83.15%	-86.71%	39.12%	-	-
Shares Outstanding (Basic)	13	13	12	11	11	9
Shares Outstanding (Diluted)	13	13	12	11	11	9
Shares Change (YoY)	-0.31%	8.98%	3.94%	-	31.58%	-
EPS (Basic)	0.04	0.01	0.08	0.65	0.47	-1.64
EPS (Diluted)	0.03	0.01	0.08	0.65	0.47	-1.64
EPS Growth	-77.05%	-87.50%	-87.73%	39.07%	-	-
Free Cash Flow	-6.83	-2.64	0.43	1.15	1.4	0.07
Free Cash Flow Per Share	-0.53	-0.20	0.04	0.10	0.12	0.01
Gross Margin	17.21%	13.10%	19.11%	20.83%	24.34%	10.08%
Operating Margin	4.03%	3.04%	5.72%	4.45%	12.40%	-8.01%
Profit Margin	1.52%	0.59%	4.00%	22.68%	16.88%	-62.58%
Free Cash Flow Margin	-22.21%	-9.21%	1.72%	3.49%	4.38%	0.32%
EBITDA	2.31	1.62	2.18	2.21	4.56	0.06
EBITDA Margin	7.50%	5.64%	8.74%	6.68%	14.27%	0.25%
D&A For EBITDA	1.07	0.75	0.75	0.74	0.6	1.89
EBIT	1.24	0.87	1.43	1.47	3.96	-1.83
EBIT Margin	4.03%	3.04%	5.72%	4.45%	12.40%	-8.01%
Effective Tax Rate	62.42%	54.35%	23.43%	-	-	-
Revenue as Reported	30.77	28.71	24.93	33.09	31.96	22.83
Advertising Expenses	-	0.04	0.05	0.01	0.01	0.01

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