Exel Industries SA
PAR:EXE
Income Statement
Earnings Waterfall
Exel Industries SA
Revenue
|
1.1B
EUR
|
Cost of Revenue
|
-726.3m
EUR
|
Gross Profit
|
367.9m
EUR
|
Operating Expenses
|
-301.2m
EUR
|
Operating Income
|
66.8m
EUR
|
Other Expenses
|
-24.3m
EUR
|
Net Income
|
42.5m
EUR
|
Income Statement
Exel Industries SA
Aug-2003 | Feb-2004 | Aug-2004 | Feb-2005 | Aug-2005 | Feb-2006 | Aug-2006 | Feb-2007 | Aug-2007 | Feb-2008 | Aug-2008 | Feb-2009 | Aug-2009 | Feb-2010 | Aug-2010 | Feb-2011 | Aug-2011 | Feb-2012 | Aug-2012 | Feb-2013 | Aug-2013 | Feb-2014 | Aug-2014 | Feb-2015 | Aug-2015 | Feb-2016 | Sep-2016 | Mar-2017 | Sep-2017 | Mar-2018 | Sep-2018 | Mar-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
274
N/A
|
263
-4%
|
266
+1%
|
274
+3%
|
269
-2%
|
271
+1%
|
277
+2%
|
274
-1%
|
296
+8%
|
360
+22%
|
456
+27%
|
490
+7%
|
452
-8%
|
386
-15%
|
385
0%
|
394
+2%
|
430
+9%
|
494
+15%
|
525
+6%
|
587
+12%
|
740
+26%
|
772
+4%
|
775
+0%
|
733
-6%
|
725
-1%
|
745
+3%
|
819
+10%
|
863
+5%
|
874
+1%
|
865
-1%
|
839
-3%
|
845
+1%
|
777
-8%
|
742
-4%
|
754
+2%
|
825
+9%
|
877
+6%
|
898
+2%
|
977
+9%
|
1 053
+8%
|
1 094
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(166)
|
(157)
|
(157)
|
(161)
|
(160)
|
(163)
|
(166)
|
(160)
|
(176)
|
(224)
|
(274)
|
(291)
|
(277)
|
(236)
|
(225)
|
(232)
|
(264)
|
(308)
|
(325)
|
(368)
|
(481)
|
(505)
|
(501)
|
(469)
|
(469)
|
(501)
|
(537)
|
(562)
|
(583)
|
(561)
|
(561)
|
(567)
|
(518)
|
(494)
|
(500)
|
(535)
|
(570)
|
(594)
|
(659)
|
(715)
|
(726)
|
|
Gross Profit |
109
N/A
|
106
-2%
|
109
+3%
|
113
+3%
|
109
-3%
|
108
-1%
|
111
+3%
|
115
+3%
|
120
+4%
|
137
+14%
|
182
+33%
|
199
+9%
|
175
-12%
|
150
-14%
|
160
+6%
|
162
+1%
|
166
+3%
|
186
+12%
|
200
+7%
|
219
+9%
|
260
+19%
|
267
+3%
|
274
+3%
|
263
-4%
|
256
-3%
|
243
-5%
|
282
+16%
|
301
+7%
|
291
-3%
|
304
+4%
|
278
-9%
|
278
+0%
|
259
-7%
|
248
-4%
|
255
+3%
|
291
+14%
|
307
+6%
|
304
-1%
|
318
+5%
|
338
+6%
|
368
+9%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(92)
|
(94)
|
(92)
|
(91)
|
(87)
|
(85)
|
(86)
|
(88)
|
(90)
|
(105)
|
(144)
|
(163)
|
(152)
|
(141)
|
(139)
|
(142)
|
(146)
|
(156)
|
(167)
|
(187)
|
(211)
|
(218)
|
(220)
|
(221)
|
(205)
|
(178)
|
(223)
|
(235)
|
(221)
|
(239)
|
(216)
|
(223)
|
(226)
|
(221)
|
(219)
|
(233)
|
(252)
|
(263)
|
(281)
|
(293)
|
(301)
|
|
Selling, General & Administrative |
(82)
|
(82)
|
(83)
|
(84)
|
(84)
|
(82)
|
(82)
|
(83)
|
(86)
|
(100)
|
(135)
|
(153)
|
(143)
|
(132)
|
(131)
|
(134)
|
(137)
|
(145)
|
(155)
|
(175)
|
(197)
|
(206)
|
(206)
|
(201)
|
(194)
|
(197)
|
(222)
|
(225)
|
(201)
|
(204)
|
(207)
|
(206)
|
(203)
|
(200)
|
(202)
|
(211)
|
(223)
|
(235)
|
(250)
|
(258)
|
(264)
|
|
Depreciation & Amortization |
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(9)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(11)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(18)
|
(22)
|
(23)
|
(23)
|
(25)
|
(26)
|
(27)
|
(28)
|
|
Other Operating Expenses |
(4)
|
(5)
|
(2)
|
(1)
|
1
|
2
|
1
|
0
|
2
|
2
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
0
|
(1)
|
(3)
|
(2)
|
(3)
|
0
|
0
|
(5)
|
4
|
34
|
15
|
6
|
(5)
|
(19)
|
6
|
(2)
|
(7)
|
(3)
|
5
|
1
|
(6)
|
(3)
|
(5)
|
(8)
|
(10)
|
|
Operating Income |
17
N/A
|
12
-27%
|
18
+45%
|
22
+26%
|
22
-1%
|
23
+5%
|
25
+7%
|
27
+8%
|
30
+13%
|
32
+6%
|
38
+19%
|
36
-5%
|
23
-37%
|
9
-61%
|
21
+132%
|
20
-5%
|
20
+2%
|
31
+52%
|
33
+8%
|
32
-5%
|
48
+54%
|
49
+2%
|
55
+11%
|
42
-23%
|
51
+20%
|
65
+28%
|
59
-9%
|
66
+12%
|
69
+5%
|
65
-6%
|
62
-5%
|
56
-10%
|
33
-41%
|
27
-19%
|
35
+32%
|
57
+62%
|
55
-5%
|
41
-25%
|
37
-9%
|
46
+23%
|
67
+45%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(3)
|
(2)
|
(2)
|
(1)
|
3
|
(1)
|
(2)
|
0
|
(1)
|
(3)
|
(4)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
2
|
4
|
(5)
|
(10)
|
(5)
|
(0)
|
1
|
(2)
|
(4)
|
(7)
|
(5)
|
(8)
|
(12)
|
(7)
|
(1)
|
(1)
|
(8)
|
(11)
|
(5)
|
(2)
|
(2)
|
1
|
(8)
|
(10)
|
|
Non-Reccuring Items |
2
|
2
|
(0)
|
(1)
|
(1)
|
(3)
|
2
|
2
|
0
|
1
|
2
|
(0)
|
(7)
|
(5)
|
(4)
|
(5)
|
1
|
1
|
0
|
(2)
|
0
|
4
|
(2)
|
(7)
|
(6)
|
(3)
|
(1)
|
1
|
2
|
2
|
0
|
(4)
|
(22)
|
(47)
|
(30)
|
(1)
|
5
|
4
|
(2)
|
0
|
4
|
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(3)
|
(2)
|
3
|
0
|
2
|
7
|
2
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
17
N/A
|
12
-32%
|
16
+36%
|
20
+26%
|
21
+5%
|
23
+14%
|
25
+9%
|
27
+6%
|
30
+12%
|
29
-4%
|
36
+24%
|
35
-1%
|
13
-63%
|
5
-63%
|
23
+365%
|
16
-31%
|
17
+5%
|
33
+96%
|
37
+15%
|
24
-36%
|
39
+61%
|
48
+24%
|
52
+9%
|
36
-31%
|
44
+20%
|
59
+34%
|
51
-12%
|
62
+20%
|
64
+3%
|
55
-13%
|
55
0%
|
50
-9%
|
10
-81%
|
(28)
N/A
|
(6)
+80%
|
52
N/A
|
58
+12%
|
42
-27%
|
37
-14%
|
39
+6%
|
61
+57%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(5)
|
(4)
|
(5)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(4)
|
(0)
|
(5)
|
(3)
|
(4)
|
(10)
|
(12)
|
(9)
|
(11)
|
(17)
|
(19)
|
(10)
|
(12)
|
(17)
|
(18)
|
(22)
|
(19)
|
(15)
|
(16)
|
(14)
|
(6)
|
(5)
|
(5)
|
(12)
|
(15)
|
(12)
|
(9)
|
(9)
|
(19)
|
|
Income from Continuing Operations |
10
|
7
|
12
|
14
|
13
|
15
|
17
|
18
|
20
|
19
|
25
|
24
|
10
|
5
|
17
|
13
|
13
|
23
|
26
|
15
|
28
|
31
|
33
|
26
|
31
|
42
|
34
|
40
|
45
|
41
|
39
|
36
|
4
|
(34)
|
(11)
|
40
|
43
|
31
|
28
|
30
|
42
|
|
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)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
1
|
1
|
|
Net Income (Common) |
10
N/A
|
7
-29%
|
12
+64%
|
14
+25%
|
13
-13%
|
15
+19%
|
17
+13%
|
18
+5%
|
20
+14%
|
19
-6%
|
26
+35%
|
25
-3%
|
10
-59%
|
5
-51%
|
18
+250%
|
13
-27%
|
13
+2%
|
24
+81%
|
26
+10%
|
16
-39%
|
28
+79%
|
32
+13%
|
34
+7%
|
27
-21%
|
32
+18%
|
42
+33%
|
34
-19%
|
40
+18%
|
45
+13%
|
41
-10%
|
39
-4%
|
36
-7%
|
4
-89%
|
(34)
N/A
|
(11)
+68%
|
40
N/A
|
43
+9%
|
31
-28%
|
29
-8%
|
31
+8%
|
42
+38%
|
|
EPS (Diluted) |
1.46
N/A
|
1.03
-29%
|
1.69
+64%
|
2.12
+25%
|
1.84
-13%
|
2.19
+19%
|
2.47
+13%
|
2.6
+5%
|
2.98
+15%
|
2.79
-6%
|
3.78
+35%
|
3.68
-3%
|
1.51
-59%
|
0.74
-51%
|
2.58
+249%
|
1.89
-27%
|
1.94
+3%
|
3.5
+80%
|
3.85
+10%
|
2.39
-38%
|
4.04
+69%
|
3.22
-20%
|
5
+55%
|
3.94
-21%
|
4.7
+19%
|
7.01
+49%
|
5
-29%
|
5.74
+15%
|
6.68
+16%
|
6.02
-10%
|
5.8
-4%
|
6.27
+8%
|
0.6
-90%
|
-5
N/A
|
-1.6
+68%
|
5.88
N/A
|
6.4
+9%
|
4.93
-23%
|
4.2
-15%
|
4.41
+5%
|
6.3
+43%
|