Emak SpA
F:EK4
Income Statement
Earnings Waterfall
Emak SpA
Revenue
|
566.3m
EUR
|
Cost of Revenue
|
-297.6m
EUR
|
Gross Profit
|
268.8m
EUR
|
Operating Expenses
|
-232.1m
EUR
|
Operating Income
|
36.7m
EUR
|
Other Expenses
|
-17.6m
EUR
|
Net Income
|
19.1m
EUR
|
Income Statement
Emak SpA
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
355
N/A
|
358
+1%
|
359
+0%
|
361
+0%
|
355
-2%
|
359
+1%
|
370
+3%
|
373
+1%
|
382
+2%
|
386
+1%
|
384
-1%
|
389
+1%
|
392
+1%
|
397
+1%
|
396
0%
|
404
+2%
|
422
+4%
|
434
+3%
|
455
+5%
|
455
+0%
|
453
0%
|
533
+18%
|
640
+20%
|
646
+1%
|
434
-33%
|
646
+49%
|
650
+1%
|
669
+3%
|
470
-30%
|
745
+59%
|
831
+11%
|
849
+2%
|
588
-31%
|
910
+55%
|
945
+4%
|
938
-1%
|
606
-35%
|
902
+49%
|
864
-4%
|
859
-1%
|
566
-34%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(194)
|
(196)
|
(196)
|
(195)
|
(192)
|
(193)
|
(200)
|
(201)
|
(203)
|
(206)
|
(203)
|
(208)
|
(210)
|
(213)
|
(211)
|
(213)
|
(220)
|
(228)
|
(239)
|
(239)
|
(239)
|
(279)
|
(337)
|
(342)
|
(229)
|
(343)
|
(346)
|
(355)
|
(248)
|
(394)
|
(438)
|
(446)
|
(306)
|
(478)
|
(500)
|
(494)
|
(319)
|
(475)
|
(455)
|
(454)
|
(298)
|
|
Gross Profit |
161
N/A
|
163
+1%
|
163
+0%
|
165
+1%
|
162
-2%
|
166
+2%
|
170
+2%
|
172
+1%
|
178
+4%
|
180
+1%
|
181
+1%
|
182
+0%
|
182
0%
|
183
+1%
|
185
+1%
|
191
+3%
|
202
+6%
|
207
+2%
|
215
+4%
|
216
+0%
|
214
-1%
|
253
+18%
|
303
+20%
|
304
+0%
|
205
-33%
|
303
+48%
|
304
+0%
|
314
+3%
|
222
-29%
|
351
+58%
|
393
+12%
|
403
+3%
|
282
-30%
|
431
+53%
|
445
+3%
|
443
0%
|
287
-35%
|
426
+49%
|
409
-4%
|
406
-1%
|
269
-34%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(138)
|
(140)
|
(140)
|
(141)
|
(142)
|
(146)
|
(150)
|
(152)
|
(154)
|
(155)
|
(155)
|
(155)
|
(155)
|
(160)
|
(161)
|
(168)
|
(171)
|
(177)
|
(182)
|
(181)
|
(180)
|
(220)
|
(266)
|
(270)
|
(181)
|
(270)
|
(268)
|
(271)
|
(189)
|
(289)
|
(310)
|
(319)
|
(230)
|
(348)
|
(363)
|
(362)
|
(237)
|
(354)
|
(340)
|
(343)
|
(232)
|
|
Selling, General & Administrative |
(73)
|
(74)
|
(74)
|
(75)
|
(78)
|
(77)
|
(79)
|
(80)
|
(83)
|
(82)
|
(83)
|
(83)
|
(86)
|
(87)
|
(86)
|
(89)
|
(94)
|
(94)
|
(98)
|
(97)
|
(98)
|
(114)
|
(132)
|
(132)
|
(90)
|
(129)
|
(127)
|
(129)
|
(93)
|
(136)
|
(146)
|
(148)
|
(108)
|
(155)
|
(159)
|
(159)
|
(111)
|
(157)
|
(158)
|
(161)
|
(118)
|
|
Depreciation & Amortization |
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(20)
|
(27)
|
(29)
|
(22)
|
(33)
|
(33)
|
(34)
|
(23)
|
(34)
|
(35)
|
(35)
|
(24)
|
(37)
|
(38)
|
(38)
|
(26)
|
(40)
|
(41)
|
(42)
|
(29)
|
|
Other Operating Expenses |
(54)
|
(54)
|
(54)
|
(55)
|
(53)
|
(57)
|
(59)
|
(60)
|
(59)
|
(60)
|
(59)
|
(59)
|
(56)
|
(61)
|
(62)
|
(66)
|
(64)
|
(68)
|
(70)
|
(68)
|
(67)
|
(85)
|
(107)
|
(109)
|
(68)
|
(106)
|
(107)
|
(108)
|
(73)
|
(118)
|
(130)
|
(136)
|
(97)
|
(157)
|
(166)
|
(166)
|
(100)
|
(156)
|
(141)
|
(141)
|
(85)
|
|
Operating Income |
22
N/A
|
23
+4%
|
23
0%
|
24
+5%
|
20
-17%
|
21
+4%
|
20
-6%
|
20
+1%
|
24
+21%
|
25
+3%
|
26
+4%
|
26
+4%
|
27
+1%
|
23
-12%
|
25
+5%
|
23
-7%
|
30
+33%
|
29
-4%
|
33
+12%
|
35
+7%
|
34
-2%
|
33
-4%
|
37
+12%
|
34
-8%
|
24
-30%
|
33
+38%
|
37
+12%
|
43
+15%
|
33
-23%
|
62
+89%
|
82
+32%
|
84
+2%
|
53
-37%
|
84
+59%
|
83
-1%
|
81
-2%
|
50
-39%
|
73
+47%
|
69
-5%
|
62
-10%
|
37
-41%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(5)
|
(5)
|
(2)
|
(2)
|
(1)
|
(2)
|
(9)
|
(7)
|
(8)
|
(4)
|
1
|
1
|
2
|
(3)
|
(3)
|
(6)
|
(6)
|
(4)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(6)
|
(9)
|
(11)
|
(9)
|
(12)
|
(6)
|
(5)
|
(2)
|
(2)
|
(0)
|
1
|
(0)
|
(4)
|
(10)
|
(12)
|
(13)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(0)
|
3
|
3
|
3
|
2
|
0
|
(2)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
(3)
|
0
|
1
|
|
Total Other Income |
(1)
|
(1)
|
(2)
|
(3)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
3
|
4
|
4
|
4
|
(1)
|
(1)
|
(1)
|
(3)
|
0
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
0
|
(2)
|
0
|
(5)
|
(5)
|
(4)
|
(4)
|
(2)
|
(2)
|
(3)
|
(3)
|
1
|
|
Pre-Tax Income |
17
N/A
|
17
-2%
|
18
+4%
|
21
+19%
|
17
-18%
|
19
+10%
|
17
-11%
|
10
-41%
|
15
+52%
|
15
-1%
|
19
+26%
|
25
+31%
|
27
+7%
|
29
+10%
|
26
-11%
|
24
-7%
|
23
-4%
|
25
+7%
|
31
+23%
|
34
+11%
|
35
+3%
|
32
-9%
|
32
+2%
|
31
-3%
|
19
-39%
|
26
+40%
|
26
+0%
|
31
+17%
|
23
-26%
|
49
+117%
|
75
+52%
|
77
+3%
|
46
-41%
|
77
+68%
|
79
+2%
|
78
-1%
|
44
-43%
|
67
+52%
|
54
-20%
|
47
-13%
|
25
-46%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(7)
|
(7)
|
(8)
|
(7)
|
(8)
|
(8)
|
(6)
|
(6)
|
(5)
|
(6)
|
(7)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
(6)
|
(8)
|
(10)
|
(9)
|
(10)
|
(11)
|
(10)
|
(6)
|
(8)
|
(8)
|
(9)
|
(3)
|
(10)
|
(15)
|
(16)
|
(13)
|
(21)
|
(22)
|
(22)
|
(13)
|
(19)
|
(16)
|
(13)
|
(6)
|
|
Income from Continuing Operations |
11
|
10
|
11
|
13
|
10
|
11
|
9
|
4
|
9
|
9
|
13
|
18
|
18
|
20
|
18
|
17
|
16
|
18
|
22
|
24
|
26
|
22
|
21
|
21
|
13
|
18
|
19
|
22
|
20
|
40
|
60
|
62
|
33
|
56
|
56
|
56
|
31
|
48
|
38
|
34
|
20
|
|
Income to Minority Interest |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
|
Net Income (Common) |
10
N/A
|
10
-3%
|
11
+6%
|
13
+22%
|
10
-19%
|
11
+8%
|
9
-21%
|
4
-58%
|
9
+139%
|
9
+4%
|
13
+42%
|
18
+34%
|
18
0%
|
19
+10%
|
18
-8%
|
17
-7%
|
16
-2%
|
18
+12%
|
22
+22%
|
24
+8%
|
25
+7%
|
21
-16%
|
21
-2%
|
21
0%
|
13
-38%
|
18
+39%
|
18
+2%
|
22
+20%
|
19
-12%
|
39
+103%
|
60
+52%
|
61
+2%
|
33
-47%
|
55
+70%
|
55
+0%
|
54
-2%
|
30
-44%
|
46
+53%
|
37
-21%
|
32
-12%
|
19
-41%
|
|
EPS (Diluted) |
0.07
N/A
|
0.07
N/A
|
0.07
N/A
|
0.08
+14%
|
0.06
-25%
|
0.07
+17%
|
0.06
-14%
|
0.03
-50%
|
0.05
+67%
|
0.06
+20%
|
0.08
+33%
|
0.1
+25%
|
0.11
+10%
|
0.12
+9%
|
0.11
-8%
|
0.11
N/A
|
0.1
-9%
|
0.11
+10%
|
0.14
+27%
|
0.15
+7%
|
0.16
+7%
|
0.14
-13%
|
0.13
-7%
|
0.13
N/A
|
0.08
-38%
|
0.11
+38%
|
0.11
N/A
|
0.13
+18%
|
0.12
-8%
|
0.24
+100%
|
0.36
+50%
|
0.37
+3%
|
0.2
-46%
|
0.34
+70%
|
0.34
N/A
|
0.33
-3%
|
0.19
-42%
|
0.28
+47%
|
0.23
-18%
|
0.2
-13%
|
0.12
-40%
|