Piovan SpA
MIL:PVN
Income Statement
Earnings Waterfall
Piovan SpA
Revenue
|
559.1m
EUR
|
Cost of Revenue
|
-346.6m
EUR
|
Gross Profit
|
212.5m
EUR
|
Operating Expenses
|
-147.2m
EUR
|
Operating Income
|
65.3m
EUR
|
Other Expenses
|
-15.9m
EUR
|
Net Income
|
49.4m
EUR
|
Income Statement
Piovan SpA
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 |
233
N/A
|
243
+4%
|
242
-1%
|
304
+26%
|
348
+14%
|
339
-2%
|
229
-33%
|
327
+43%
|
312
-5%
|
313
+0%
|
221
-29%
|
334
+51%
|
376
+12%
|
391
+4%
|
280
-28%
|
449
+60%
|
539
+20%
|
616
+14%
|
520
-16%
|
800
+54%
|
853
+7%
|
847
-1%
|
559
-34%
|
|
Gross Profit | ||||||||||||||||||||||||
Cost of Revenue |
(138)
|
(147)
|
(149)
|
(186)
|
(211)
|
(207)
|
(138)
|
(196)
|
(183)
|
(182)
|
(125)
|
(190)
|
(216)
|
(226)
|
(169)
|
(271)
|
(331)
|
(382)
|
(325)
|
(498)
|
(526)
|
(517)
|
(347)
|
|
Gross Profit |
94
N/A
|
96
+1%
|
93
-3%
|
118
+27%
|
137
+16%
|
132
-3%
|
91
-31%
|
131
+44%
|
128
-2%
|
131
+2%
|
96
-27%
|
144
+50%
|
160
+11%
|
164
+3%
|
111
-32%
|
178
+60%
|
207
+16%
|
234
+13%
|
195
-17%
|
302
+55%
|
328
+8%
|
330
+1%
|
213
-36%
|
|
Operating Income | ||||||||||||||||||||||||
Operating Expenses |
(58)
|
(59)
|
(61)
|
(79)
|
(99)
|
(99)
|
(66)
|
(97)
|
(97)
|
(97)
|
(70)
|
(105)
|
(111)
|
(116)
|
(77)
|
(128)
|
(158)
|
(178)
|
(149)
|
(231)
|
(245)
|
(246)
|
(147)
|
|
Selling, General & Administrative |
(60)
|
(62)
|
(63)
|
(80)
|
(96)
|
(96)
|
(64)
|
(95)
|
(93)
|
(92)
|
(63)
|
(95)
|
(102)
|
(105)
|
(73)
|
(119)
|
(141)
|
(157)
|
(128)
|
(197)
|
(208)
|
(210)
|
(139)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(7)
|
(8)
|
(8)
|
(6)
|
(9)
|
(10)
|
(11)
|
(7)
|
(11)
|
(15)
|
(18)
|
(16)
|
(26)
|
(25)
|
(24)
|
(13)
|
|
Other Operating Expenses |
3
|
4
|
4
|
4
|
4
|
4
|
3
|
4
|
3
|
2
|
(1)
|
(1)
|
0
|
(0)
|
3
|
2
|
(1)
|
(3)
|
(5)
|
(8)
|
(12)
|
(12)
|
6
|
|
Operating Income |
37
N/A
|
37
+0%
|
31
-15%
|
39
+23%
|
38
-2%
|
33
-12%
|
25
-25%
|
34
+36%
|
31
-10%
|
34
+9%
|
26
-22%
|
39
+49%
|
48
+24%
|
49
+1%
|
34
-30%
|
50
+47%
|
50
-1%
|
56
+13%
|
46
-19%
|
71
+54%
|
82
+16%
|
84
+3%
|
65
-22%
|
|
Pre-Tax Income | ||||||||||||||||||||||||
Interest Income Expense |
(1)
|
2
|
2
|
6
|
5
|
3
|
(0)
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
1
|
2
|
4
|
6
|
2
|
4
|
1
|
(1)
|
(1)
|
|
Non-Reccuring Items |
0
|
(0)
|
0
|
0
|
0
|
1
|
1
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
3
|
3
|
1
|
|
Total Other Income |
0
|
(2)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
|
Pre-Tax Income |
36
N/A
|
39
+7%
|
33
-14%
|
44
+32%
|
43
-3%
|
37
-13%
|
26
-29%
|
35
+33%
|
33
-5%
|
34
+2%
|
24
-29%
|
37
+52%
|
46
+26%
|
47
+2%
|
35
-27%
|
52
+51%
|
54
+3%
|
62
+15%
|
46
-25%
|
75
+61%
|
85
+14%
|
85
+1%
|
65
-24%
|
|
Net Income | ||||||||||||||||||||||||
Tax Provision |
(11)
|
(11)
|
(8)
|
(11)
|
(10)
|
(9)
|
(7)
|
(10)
|
(10)
|
(10)
|
(7)
|
(10)
|
(13)
|
(13)
|
(7)
|
(13)
|
(14)
|
(12)
|
(12)
|
(16)
|
(20)
|
(24)
|
(16)
|
|
Income from Continuing Operations |
26
|
28
|
26
|
34
|
32
|
28
|
19
|
25
|
23
|
24
|
17
|
26
|
34
|
34
|
28
|
39
|
40
|
50
|
35
|
58
|
65
|
62
|
49
|
|
Income to Minority Interest |
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
1
|
2
|
2
|
0
|
|
Net Income (Common) |
24
N/A
|
26
+5%
|
24
-7%
|
31
+29%
|
30
-2%
|
27
-11%
|
19
-31%
|
25
+32%
|
24
-4%
|
24
+2%
|
18
-27%
|
27
+52%
|
34
+28%
|
35
+1%
|
28
-18%
|
40
+42%
|
40
+1%
|
50
+24%
|
35
-31%
|
59
+70%
|
66
+13%
|
63
-5%
|
49
-22%
|
|
EPS (Diluted) |
0.49
N/A
|
0.5
+2%
|
0.47
-6%
|
0.61
+30%
|
0.59
-3%
|
0.53
-10%
|
0.37
-30%
|
0.49
+32%
|
0.47
-4%
|
0.47
N/A
|
0.35
-26%
|
0.53
+51%
|
0.67
+26%
|
0.68
+1%
|
0.55
-19%
|
0.78
+42%
|
0.79
+1%
|
0.97
+23%
|
0.67
-31%
|
1.15
+72%
|
1.29
+12%
|
1.23
-5%
|
0.96
-22%
|