Ecit AS
OSE:ECIT
Income Statement
Earnings Waterfall
Ecit AS
Revenue
|
3.2B
NOK
|
Cost of Revenue
|
-520m
NOK
|
Gross Profit
|
2.7B
NOK
|
Operating Expenses
|
-2.4B
NOK
|
Operating Income
|
269m
NOK
|
Other Expenses
|
-160m
NOK
|
Net Income
|
109m
NOK
|
Income Statement
Ecit AS
Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
1 589
N/A
|
1 735
+9%
|
2 383
+37%
|
2 514
+5%
|
2 623
+4%
|
2 738
+4%
|
2 826
+3%
|
2 978
+5%
|
3 122
+5%
|
3 216
+3%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(422)
|
(463)
|
(506)
|
(640)
|
(630)
|
(626)
|
(529)
|
(542)
|
(537)
|
(520)
|
|
Gross Profit |
1 167
N/A
|
1 272
+9%
|
1 877
+48%
|
1 874
0%
|
1 993
+6%
|
2 112
+6%
|
2 297
+9%
|
2 436
+6%
|
2 585
+6%
|
2 696
+4%
|
|
Operating Income | |||||||||||
Operating Expenses |
(1 065)
|
(1 165)
|
(1 704)
|
(1 341)
|
(1 448)
|
(1 550)
|
(2 068)
|
(2 186)
|
(2 320)
|
(2 427)
|
|
Selling, General & Administrative |
(926)
|
(1 015)
|
(1 384)
|
(1 110)
|
(1 165)
|
(1 222)
|
(1 677)
|
(1 782)
|
(1 887)
|
(1 970)
|
|
Depreciation & Amortization |
(109)
|
(120)
|
(166)
|
(177)
|
(183)
|
(183)
|
(188)
|
(201)
|
(211)
|
(226)
|
|
Other Operating Expenses |
(30)
|
(30)
|
(154)
|
(54)
|
(100)
|
(145)
|
(203)
|
(203)
|
(222)
|
(231)
|
|
Operating Income |
102
N/A
|
107
+5%
|
173
+62%
|
533
+208%
|
545
+2%
|
562
+3%
|
229
-59%
|
250
+9%
|
265
+6%
|
269
+2%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
35
|
(8)
|
(24)
|
(2)
|
1
|
10
|
(23)
|
2
|
(2)
|
(23)
|
|
Non-Reccuring Items |
(12)
|
(12)
|
(15)
|
(17)
|
(10)
|
(12)
|
(13)
|
(10)
|
(9)
|
(9)
|
|
Total Other Income |
(2)
|
0
|
16
|
1
|
(2)
|
(3)
|
36
|
9
|
9
|
12
|
|
Pre-Tax Income |
123
N/A
|
86
-30%
|
150
+74%
|
515
+243%
|
534
+4%
|
557
+4%
|
229
-59%
|
251
+10%
|
263
+5%
|
249
-5%
|
|
Net Income | |||||||||||
Tax Provision |
(21)
|
(22)
|
(36)
|
(37)
|
(41)
|
(44)
|
(49)
|
(54)
|
(58)
|
(55)
|
|
Income from Continuing Operations |
102
|
64
|
114
|
478
|
493
|
513
|
180
|
197
|
205
|
194
|
|
Income to Minority Interest |
(44)
|
(44)
|
(66)
|
(129)
|
(117)
|
(126)
|
(72)
|
(78)
|
(86)
|
(82)
|
|
Net Income (Common) |
59
N/A
|
20
-66%
|
49
+145%
|
348
+610%
|
375
+8%
|
387
+3%
|
105
-73%
|
116
+10%
|
116
N/A
|
109
-6%
|
|
EPS (Diluted) |
0.14
N/A
|
0.05
-64%
|
0.12
+140%
|
0.77
+542%
|
0.83
+8%
|
0.92
+11%
|
0.23
-75%
|
0.26
+13%
|
0.26
N/A
|
0.24
-8%
|