SEB SA
PAR:SK
Income Statement
Earnings Waterfall
SEB SA
Income Statement
SEB SA
| Dec-1996 | Jun-2000 | Dec-2000 | Jun-2001 | Dec-2001 | Jun-2002 | Dec-2002 | Jun-2003 | Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
14
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
0
|
18
|
0
|
26
|
0
|
32
|
17
|
38
|
35
|
23
|
15
|
12
|
12
|
19
|
27
|
29
|
31
|
31
|
30
|
31
|
31
|
28
|
31
|
30
|
30
|
35
|
33
|
33
|
38
|
41
|
37
|
40
|
45
|
43
|
41
|
35
|
33
|
43
|
56
|
82
|
91
|
|
| Revenue |
1 503
N/A
|
793
-47%
|
1 825
+130%
|
1 836
+1%
|
1 855
+1%
|
2 149
+16%
|
2 496
+16%
|
2 425
-3%
|
2 348
-3%
|
2 293
-2%
|
2 289
0%
|
2 321
+1%
|
2 463
+6%
|
2 582
+5%
|
2 652
+3%
|
2 762
+4%
|
2 870
+4%
|
3 055
+6%
|
3 230
+6%
|
3 187
-1%
|
3 176
0%
|
3 358
+6%
|
3 652
+9%
|
5 371
+47%
|
3 963
-26%
|
4 034
+2%
|
4 060
+1%
|
4 105
+1%
|
4 161
+1%
|
4 153
0%
|
4 253
+2%
|
4 540
+7%
|
4 770
+5%
|
4 820
+1%
|
5 000
+4%
|
5 777
+16%
|
6 485
+12%
|
6 568
+1%
|
6 812
+4%
|
7 124
+5%
|
7 354
+3%
|
6 932
-6%
|
6 940
+0%
|
7 635
+10%
|
8 059
+6%
|
8 115
+1%
|
7 960
-2%
|
7 906
-1%
|
8 006
+1%
|
8 134
+2%
|
8 266
+2%
|
8 274
+0%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1 351)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(904)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2 147)
|
0
|
(2 395)
|
(1 098)
|
(2 480)
|
(2 507)
|
(2 543)
|
(2 564)
|
(2 639)
|
(2 815)
|
(2 962)
|
(2 969)
|
(3 021)
|
(3 479)
|
(3 893)
|
(3 959)
|
(4 122)
|
(4 333)
|
(4 522)
|
(4 322)
|
(4 281)
|
(4 636)
|
(4 953)
|
(4 976)
|
(4 946)
|
(4 910)
|
(4 806)
|
(4 846)
|
(4 908)
|
(4 919)
|
|
| Gross Profit |
152
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
67
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
1 505
N/A
|
0
N/A
|
1 568
N/A
|
692
-56%
|
1 580
+128%
|
1 598
+1%
|
1 618
+1%
|
1 589
-2%
|
1 614
+2%
|
1 725
+7%
|
1 808
+5%
|
1 851
+2%
|
1 979
+7%
|
2 298
+16%
|
2 592
+13%
|
2 609
+1%
|
2 690
+3%
|
2 791
+4%
|
2 832
+1%
|
2 610
-8%
|
2 659
+2%
|
2 999
+13%
|
3 106
+4%
|
3 139
+1%
|
3 014
-4%
|
2 996
-1%
|
3 200
+7%
|
3 288
+3%
|
3 358
+2%
|
3 354
0%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(3)
|
(775)
|
(1 699)
|
(1 693)
|
(1 733)
|
(2 015)
|
(2 313)
|
(2 247)
|
(2 148)
|
(1 209)
|
(2 063)
|
(2 103)
|
(2 220)
|
(2 355)
|
(2 418)
|
(2 520)
|
(2 609)
|
(2 747)
|
(2 917)
|
(2 886)
|
(2 857)
|
(2 984)
|
(1 123)
|
(4 835)
|
(1 147)
|
(2 541)
|
(1 209)
|
(1 236)
|
(1 245)
|
(1 258)
|
(1 280)
|
(1 336)
|
(1 408)
|
(1 433)
|
(1 532)
|
(1 802)
|
(1 976)
|
(2 000)
|
(2 039)
|
(2 118)
|
(2 164)
|
(2 073)
|
(2 102)
|
(2 229)
|
(2 347)
|
(2 496)
|
(2 434)
|
(2 435)
|
(2 503)
|
(2 525)
|
(2 778)
|
(2 902)
|
|
| Selling, General & Administrative |
0
|
(293)
|
(603)
|
(607)
|
(606)
|
(705)
|
(844)
|
(818)
|
(788)
|
(445)
|
(739)
|
(405)
|
(779)
|
(817)
|
(840)
|
(879)
|
(936)
|
(983)
|
(979)
|
(971)
|
(937)
|
(984)
|
(1 058)
|
(1 571)
|
(1 094)
|
(1 116)
|
(1 143)
|
(1 164)
|
(1 170)
|
(1 181)
|
(1 198)
|
(1 243)
|
(1 322)
|
(1 345)
|
(1 418)
|
(1 674)
|
(2 109)
|
(2 132)
|
(1 897)
|
(1 970)
|
(1 992)
|
(1 893)
|
(1 946)
|
(2 075)
|
(2 182)
|
(2 324)
|
(2 246)
|
(2 241)
|
(2 323)
|
(2 341)
|
(2 405)
|
(2 522)
|
|
| Research & Development |
0
|
(17)
|
(31)
|
(30)
|
(29)
|
(31)
|
(37)
|
(39)
|
(41)
|
0
|
(32)
|
(16)
|
(32)
|
(35)
|
(36)
|
(38)
|
(40)
|
(43)
|
(50)
|
(52)
|
(50)
|
(52)
|
(60)
|
(89)
|
(64)
|
(66)
|
(70)
|
(73)
|
(76)
|
(78)
|
(82)
|
(87)
|
(89)
|
(90)
|
(92)
|
(111)
|
(129)
|
(129)
|
(132)
|
(136)
|
(137)
|
(137)
|
(132)
|
(137)
|
(150)
|
(160)
|
(165)
|
(169)
|
(175)
|
(181)
|
(184)
|
(187)
|
|
| Depreciation & Amortization |
(3)
|
(4)
|
(8)
|
(8)
|
0
|
(8)
|
0
|
(4)
|
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
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
(461)
|
(1 058)
|
(1 049)
|
(1 098)
|
(1 271)
|
(1 432)
|
(1 385)
|
(1 320)
|
(764)
|
(1 293)
|
(1 683)
|
(1 409)
|
(1 503)
|
(1 542)
|
(1 602)
|
(1 632)
|
(1 721)
|
(1 889)
|
(1 864)
|
(1 870)
|
(1 948)
|
(5)
|
(3 175)
|
10
|
(1 360)
|
3
|
0
|
0
|
1
|
(1)
|
(6)
|
3
|
1
|
(22)
|
(16)
|
262
|
260
|
(10)
|
(12)
|
(35)
|
(43)
|
(24)
|
(18)
|
(15)
|
(12)
|
(23)
|
(25)
|
(5)
|
(3)
|
(189)
|
(192)
|
|
| Operating Income |
149
N/A
|
18
-88%
|
126
+612%
|
143
+13%
|
123
-14%
|
133
+9%
|
183
+37%
|
178
-2%
|
200
+12%
|
180
-10%
|
226
+25%
|
218
-4%
|
243
+11%
|
227
-6%
|
234
+3%
|
242
+3%
|
261
+8%
|
308
+18%
|
313
+2%
|
301
-4%
|
319
+6%
|
374
+17%
|
382
+2%
|
536
+40%
|
421
-21%
|
395
-6%
|
371
-6%
|
362
-2%
|
373
+3%
|
330
-12%
|
334
+1%
|
388
+16%
|
400
+3%
|
418
+5%
|
446
+7%
|
497
+11%
|
616
+24%
|
609
-1%
|
651
+7%
|
673
+3%
|
668
-1%
|
537
-20%
|
558
+4%
|
770
+38%
|
759
-1%
|
643
-15%
|
579
-10%
|
561
-3%
|
697
+24%
|
764
+10%
|
580
-24%
|
453
-22%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(53)
|
(12)
|
(28)
|
(30)
|
(32)
|
(21)
|
(9)
|
(10)
|
(6)
|
(8)
|
(13)
|
(10)
|
(19)
|
0
|
(27)
|
0
|
(29)
|
(15)
|
(39)
|
(36)
|
(21)
|
(15)
|
(7)
|
(15)
|
(20)
|
(27)
|
(22)
|
(32)
|
(33)
|
(29)
|
(33)
|
(34)
|
(37)
|
(40)
|
(39)
|
(45)
|
(49)
|
(49)
|
(51)
|
(57)
|
(66)
|
(61)
|
(49)
|
(52)
|
(59)
|
(73)
|
(72)
|
(55)
|
(57)
|
(71)
|
(102)
|
(111)
|
|
| Non-Reccuring Items |
0
|
1
|
(2)
|
(6)
|
(10)
|
(1)
|
(47)
|
(42)
|
(6)
|
0
|
(39)
|
(12)
|
(60)
|
(111)
|
(81)
|
(27)
|
(24)
|
(28)
|
(34)
|
(53)
|
(71)
|
(48)
|
(33)
|
(36)
|
(19)
|
(19)
|
(3)
|
(4)
|
(10)
|
(14)
|
(20)
|
(22)
|
(29)
|
(36)
|
(20)
|
(26)
|
(37)
|
(22)
|
(26)
|
(20)
|
(47)
|
(71)
|
(54)
|
(66)
|
(44)
|
(7)
|
(32)
|
(33)
|
(29)
|
(46)
|
(40)
|
(37)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
(7)
|
(29)
|
(5)
|
(34)
|
(3)
|
(19)
|
(11)
|
(13)
|
(6)
|
(3)
|
(9)
|
(8)
|
(7)
|
(8)
|
(40)
|
(42)
|
(22)
|
(22)
|
(16)
|
(17)
|
(11)
|
(10)
|
(19)
|
(33)
|
(23)
|
(14)
|
19
|
15
|
5
|
17
|
(12)
|
(7)
|
(6)
|
(11)
|
(9)
|
(11)
|
(24)
|
(24)
|
(18)
|
(20)
|
|
| Pre-Tax Income |
96
N/A
|
7
-93%
|
97
+1 345%
|
107
+10%
|
81
-25%
|
112
+39%
|
127
+13%
|
127
N/A
|
188
+48%
|
172
-8%
|
174
+1%
|
187
+7%
|
157
-16%
|
87
-45%
|
122
+40%
|
182
+49%
|
205
+13%
|
246
+20%
|
230
-7%
|
200
-13%
|
221
+11%
|
309
+40%
|
333
+8%
|
477
+43%
|
376
-21%
|
341
-9%
|
305
-11%
|
285
-7%
|
309
+9%
|
265
-14%
|
265
0%
|
316
+19%
|
324
+2%
|
333
+3%
|
368
+11%
|
394
+7%
|
508
+29%
|
524
+3%
|
594
+13%
|
611
+3%
|
560
-8%
|
423
-25%
|
443
+5%
|
644
+45%
|
650
+1%
|
551
-15%
|
466
-15%
|
462
-1%
|
587
+27%
|
623
+6%
|
420
-33%
|
286
-32%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(23)
|
(3)
|
(45)
|
(54)
|
(13)
|
(9)
|
(9)
|
(13)
|
(37)
|
(32)
|
(41)
|
(50)
|
(55)
|
(32)
|
(34)
|
(49)
|
(61)
|
(72)
|
(67)
|
(60)
|
(58)
|
(81)
|
(89)
|
(127)
|
(113)
|
(106)
|
(94)
|
(90)
|
(87)
|
(73)
|
(71)
|
(83)
|
(82)
|
(84)
|
(78)
|
(83)
|
(99)
|
(104)
|
(131)
|
(135)
|
(132)
|
(99)
|
(94)
|
(139)
|
(143)
|
(120)
|
(98)
|
(98)
|
(148)
|
(156)
|
(138)
|
(105)
|
|
| Income from Continuing Operations |
73
|
4
|
52
|
53
|
68
|
103
|
118
|
115
|
151
|
141
|
133
|
137
|
102
|
55
|
87
|
133
|
145
|
174
|
163
|
140
|
163
|
227
|
243
|
350
|
262
|
235
|
211
|
195
|
222
|
192
|
194
|
233
|
241
|
249
|
291
|
310
|
409
|
420
|
463
|
475
|
428
|
324
|
349
|
504
|
508
|
431
|
368
|
364
|
439
|
467
|
283
|
180
|
|
| Income to Minority Interest |
0
|
(1)
|
(1)
|
3
|
6
|
3
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(5)
|
(11)
|
(13)
|
(17)
|
(19)
|
(23)
|
(37)
|
(26)
|
(20)
|
(17)
|
(22)
|
(22)
|
(21)
|
(24)
|
(32)
|
(35)
|
(35)
|
(32)
|
(31)
|
(34)
|
(37)
|
(44)
|
(48)
|
(49)
|
(41)
|
(48)
|
(56)
|
(54)
|
(56)
|
(52)
|
(44)
|
(53)
|
(56)
|
(51)
|
(47)
|
|
| Equity Earnings Affiliates |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
73
N/A
|
3
-96%
|
51
+1 669%
|
56
+9%
|
74
+32%
|
106
+44%
|
118
+11%
|
113
-4%
|
148
+31%
|
138
-7%
|
131
-5%
|
136
+4%
|
102
-25%
|
55
-46%
|
87
+59%
|
133
+52%
|
145
+9%
|
168
+17%
|
152
-10%
|
127
-17%
|
146
+15%
|
208
+42%
|
220
+6%
|
313
+42%
|
236
-25%
|
215
-9%
|
194
-10%
|
173
-11%
|
200
+16%
|
171
-15%
|
170
0%
|
201
+18%
|
206
+2%
|
214
+4%
|
259
+21%
|
280
+8%
|
375
+34%
|
383
+2%
|
419
+9%
|
428
+2%
|
380
-11%
|
282
-26%
|
301
+6%
|
448
+49%
|
454
+1%
|
375
-17%
|
316
-16%
|
321
+1%
|
386
+20%
|
410
+6%
|
232
-43%
|
133
-43%
|
|
| EPS (Diluted) |
1.46
N/A
|
0.05
-97%
|
0.96
+1 820%
|
1.05
+9%
|
1.39
+32%
|
1.98
+42%
|
2.2
+11%
|
2.12
-4%
|
2.79
+32%
|
2.6
-7%
|
2.43
-7%
|
2.54
+5%
|
1.88
-26%
|
1.02
-46%
|
1.62
+59%
|
2.42
+49%
|
2.66
+10%
|
3.16
+19%
|
2.89
-9%
|
2.48
-14%
|
2.85
+15%
|
3.93
+38%
|
4.13
+5%
|
5.77
+40%
|
4.38
-24%
|
4.02
-8%
|
3.65
-9%
|
3.24
-11%
|
3.71
+15%
|
3.18
-14%
|
3.14
-1%
|
3.68
+17%
|
3.76
+2%
|
3.91
+4%
|
4.68
+20%
|
5.06
+8%
|
6.82
+35%
|
6.97
+2%
|
7.62
+9%
|
7.79
+2%
|
6.89
-12%
|
4.75
-31%
|
5.42
+14%
|
8.28
+53%
|
8.36
+1%
|
6.75
-19%
|
5.71
-15%
|
5.81
+2%
|
6.97
+20%
|
7.5
+8%
|
4.23
-44%
|
1.66
-61%
|
|