Somec SpA
MIL:SOM
Income Statement
Earnings Waterfall
Somec SpA
Revenue
|
367.7m
EUR
|
Cost of Revenue
|
-167m
EUR
|
Gross Profit
|
200.6m
EUR
|
Operating Expenses
|
-199.7m
EUR
|
Operating Income
|
961k
EUR
|
Other Expenses
|
-12.6m
EUR
|
Net Income
|
-11.6m
EUR
|
Income Statement
Somec SpA
Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||
Revenue |
164
N/A
|
213
+29%
|
250
+18%
|
252
+1%
|
222
-12%
|
234
+5%
|
251
+7%
|
277
+10%
|
326
+18%
|
516
+58%
|
368
-29%
|
|
Gross Profit | ||||||||||||
Cost of Revenue |
(69)
|
(90)
|
(108)
|
(100)
|
(100)
|
(106)
|
(106)
|
(116)
|
(146)
|
(238)
|
(167)
|
|
Gross Profit |
96
N/A
|
123
+28%
|
142
+16%
|
152
+7%
|
123
-19%
|
128
+4%
|
144
+13%
|
161
+11%
|
180
+12%
|
278
+55%
|
201
-28%
|
|
Operating Income | ||||||||||||
Operating Expenses |
(83)
|
(108)
|
(129)
|
(143)
|
(120)
|
(122)
|
(136)
|
(159)
|
(175)
|
(272)
|
(200)
|
|
Selling, General & Administrative |
(26)
|
(34)
|
(40)
|
(40)
|
(41)
|
(44)
|
(47)
|
(55)
|
(61)
|
(94)
|
(67)
|
|
Depreciation & Amortization |
(7)
|
(8)
|
(12)
|
(15)
|
(15)
|
(15)
|
(14)
|
(15)
|
(16)
|
(24)
|
(16)
|
|
Other Operating Expenses |
(51)
|
(66)
|
(78)
|
(88)
|
(63)
|
(63)
|
(75)
|
(90)
|
(99)
|
(154)
|
(117)
|
|
Operating Income |
12
N/A
|
15
+18%
|
13
-13%
|
9
-29%
|
3
-68%
|
6
+118%
|
8
+30%
|
2
-81%
|
5
+207%
|
6
+25%
|
1
-84%
|
|
Pre-Tax Income | ||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(2)
|
3
|
4
|
4
|
3
|
(1)
|
(2)
|
0
|
|
Non-Reccuring Items |
(0)
|
(0)
|
0
|
1
|
(4)
|
(6)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Total Other Income |
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
(1)
|
(2)
|
(11)
|
|
Pre-Tax Income |
11
N/A
|
13
+17%
|
12
-13%
|
8
-27%
|
1
-83%
|
4
+193%
|
11
+166%
|
5
-58%
|
1
-80%
|
(0)
N/A
|
(11)
-5 413%
|
|
Net Income | ||||||||||||
Tax Provision |
(3)
|
(3)
|
(3)
|
(2)
|
(0)
|
(1)
|
(1)
|
1
|
(1)
|
(2)
|
1
|
|
Income from Continuing Operations |
9
|
11
|
9
|
6
|
1
|
3
|
11
|
5
|
(0)
|
(2)
|
(10)
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
1
|
1
|
(1)
|
(2)
|
(0)
|
(1)
|
(2)
|
(1)
|
|
Net Income (Common) |
8
N/A
|
10
+26%
|
8
-23%
|
7
-11%
|
3
-63%
|
2
-19%
|
8
+299%
|
5
-37%
|
(2)
N/A
|
(4)
-132%
|
(12)
-187%
|
|
EPS (Diluted) |
1.25
N/A
|
1.48
+18%
|
1.14
-23%
|
1.02
-11%
|
0.38
-63%
|
0.31
-18%
|
1.23
+297%
|
0.78
-37%
|
-0.25
N/A
|
-0.59
-136%
|
-1.69
-186%
|