ZUE SA
WSE:ZUE
Income Statement
Earnings Waterfall
ZUE SA
Revenue
|
1.5B
PLN
|
Cost of Revenue
|
-1.4B
PLN
|
Gross Profit
|
55.9m
PLN
|
Operating Expenses
|
-30.5m
PLN
|
Operating Income
|
25.4m
PLN
|
Other Expenses
|
-4.4m
PLN
|
Net Income
|
21m
PLN
|
Income Statement
ZUE SA
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | 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 |
411
N/A
|
466
+13%
|
543
+17%
|
582
+7%
|
644
+11%
|
601
-7%
|
563
-6%
|
562
0%
|
542
-4%
|
511
-6%
|
462
-10%
|
378
-18%
|
343
-9%
|
342
0%
|
323
-5%
|
356
+10%
|
465
+31%
|
558
+20%
|
677
+21%
|
788
+16%
|
833
+6%
|
902
+8%
|
993
+10%
|
1 025
+3%
|
996
-3%
|
954
-4%
|
899
-6%
|
859
-4%
|
901
+5%
|
900
0%
|
881
-2%
|
884
+0%
|
851
-4%
|
854
+0%
|
862
+1%
|
888
+3%
|
921
+4%
|
1 017
+10%
|
1 090
+7%
|
1 193
+9%
|
1 484
+24%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(388)
|
(441)
|
(532)
|
(567)
|
(610)
|
(565)
|
(521)
|
(515)
|
(494)
|
(468)
|
(425)
|
(356)
|
(326)
|
(327)
|
(318)
|
(340)
|
(446)
|
(532)
|
(640)
|
(755)
|
(889)
|
(957)
|
(1 048)
|
(1 075)
|
(968)
|
(924)
|
(869)
|
(831)
|
(870)
|
(869)
|
(855)
|
(855)
|
(816)
|
(816)
|
(816)
|
(843)
|
(879)
|
(974)
|
(1 049)
|
(1 150)
|
(1 428)
|
|
Gross Profit |
23
N/A
|
25
+12%
|
12
-54%
|
15
+32%
|
34
+123%
|
36
+5%
|
41
+16%
|
47
+13%
|
48
+3%
|
44
-9%
|
37
-16%
|
23
-38%
|
17
-27%
|
14
-15%
|
5
-63%
|
15
+196%
|
19
+24%
|
26
+35%
|
37
+44%
|
33
-11%
|
(56)
N/A
|
(55)
+1%
|
(55)
+1%
|
(50)
+8%
|
28
N/A
|
30
+5%
|
29
-1%
|
28
-6%
|
31
+13%
|
31
-1%
|
27
-14%
|
29
+8%
|
35
+23%
|
38
+8%
|
46
+21%
|
45
-3%
|
43
-5%
|
43
+0%
|
41
-6%
|
43
+6%
|
56
+30%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(19)
|
(16)
|
(14)
|
(16)
|
(20)
|
(19)
|
(23)
|
(26)
|
(27)
|
(26)
|
(22)
|
(19)
|
(16)
|
(19)
|
(18)
|
(20)
|
(17)
|
(17)
|
(19)
|
(18)
|
(22)
|
(22)
|
(22)
|
(23)
|
(21)
|
(23)
|
(22)
|
(22)
|
(22)
|
(20)
|
(20)
|
(20)
|
(25)
|
(24)
|
(26)
|
(26)
|
(26)
|
(27)
|
(28)
|
(29)
|
(31)
|
|
Selling, General & Administrative |
(20)
|
(20)
|
(19)
|
(18)
|
(18)
|
(18)
|
(20)
|
(22)
|
(22)
|
(23)
|
(22)
|
(20)
|
(20)
|
(21)
|
(20)
|
(21)
|
(20)
|
(19)
|
(20)
|
(20)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(23)
|
(23)
|
(24)
|
(23)
|
(23)
|
(24)
|
(25)
|
(24)
|
(26)
|
(26)
|
(26)
|
(28)
|
(28)
|
(30)
|
(30)
|
|
Other Operating Expenses |
1
|
4
|
5
|
2
|
(2)
|
(1)
|
(3)
|
(4)
|
(4)
|
(3)
|
0
|
2
|
4
|
2
|
2
|
1
|
2
|
3
|
1
|
2
|
0
|
(0)
|
(0)
|
(0)
|
1
|
(0)
|
0
|
1
|
3
|
4
|
3
|
3
|
1
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
|
Operating Income |
4
N/A
|
9
+138%
|
(2)
N/A
|
(1)
+68%
|
14
N/A
|
17
+16%
|
19
+12%
|
21
+11%
|
21
+2%
|
18
-17%
|
15
-17%
|
4
-72%
|
0
-91%
|
(5)
N/A
|
(13)
-161%
|
(4)
+70%
|
2
N/A
|
9
+456%
|
19
+107%
|
15
-20%
|
(78)
N/A
|
(77)
+1%
|
(77)
+0%
|
(73)
+5%
|
7
N/A
|
7
-2%
|
7
+2%
|
6
-21%
|
9
+68%
|
11
+18%
|
7
-39%
|
8
+21%
|
10
+27%
|
14
+32%
|
20
+46%
|
19
-6%
|
17
-11%
|
16
-8%
|
13
-18%
|
13
+5%
|
25
+89%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
0
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
0
|
1
|
1
|
2
|
1
|
(2)
|
(2)
|
0
|
(0)
|
1
|
1
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(4)
|
|
Non-Reccuring Items |
3
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
1
|
1
|
0
|
1
|
(1)
|
3
|
4
|
4
|
4
|
1
|
1
|
1
|
1
|
2
|
6
|
5
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
1
|
1
|
1
|
2
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
4
|
5
|
5
|
4
|
3
|
2
|
3
|
3
|
|
Pre-Tax Income |
7
N/A
|
10
+28%
|
(3)
N/A
|
(2)
+41%
|
14
N/A
|
17
+19%
|
19
+12%
|
21
+10%
|
22
+8%
|
18
-21%
|
16
-11%
|
5
-66%
|
1
-76%
|
(4)
N/A
|
(15)
-259%
|
(6)
+61%
|
1
N/A
|
8
+816%
|
20
+143%
|
17
-14%
|
(77)
N/A
|
(76)
+2%
|
(76)
-1%
|
(73)
+4%
|
7
N/A
|
7
+2%
|
6
-17%
|
4
-25%
|
10
+133%
|
10
+0%
|
10
-1%
|
12
+18%
|
15
+31%
|
21
+36%
|
26
+23%
|
24
-6%
|
22
-9%
|
19
-13%
|
16
-16%
|
21
+30%
|
29
+39%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
1
|
1
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(1)
|
(1)
|
(0)
|
2
|
0
|
(1)
|
(2)
|
(4)
|
(3)
|
15
|
14
|
14
|
12
|
(3)
|
(3)
|
(2)
|
(2)
|
(6)
|
(6)
|
(6)
|
(6)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(5)
|
(8)
|
|
Income from Continuing Operations |
6
|
8
|
(2)
|
(1)
|
11
|
13
|
14
|
16
|
17
|
14
|
13
|
4
|
0
|
(4)
|
(13)
|
(6)
|
0
|
7
|
16
|
14
|
(63)
|
(62)
|
(63)
|
(61)
|
4
|
4
|
4
|
3
|
4
|
4
|
4
|
5
|
12
|
16
|
21
|
19
|
17
|
15
|
12
|
16
|
21
|
|
Income to Minority Interest |
2
|
2
|
3
|
3
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
0
|
0
|
1
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
|
Net Income (Common) |
7
N/A
|
10
+30%
|
1
-95%
|
2
+360%
|
11
+363%
|
12
+15%
|
14
+10%
|
15
+14%
|
17
+12%
|
14
-19%
|
13
-7%
|
5
-65%
|
1
-82%
|
(4)
N/A
|
(12)
-226%
|
(5)
+59%
|
0
N/A
|
6
+1 965%
|
16
+152%
|
14
-14%
|
(63)
N/A
|
(62)
+2%
|
(63)
-2%
|
(61)
+3%
|
4
N/A
|
4
+4%
|
4
-9%
|
3
-24%
|
4
+57%
|
4
+0%
|
4
-6%
|
5
+32%
|
12
+121%
|
16
+38%
|
20
+25%
|
19
-8%
|
16
-12%
|
14
-16%
|
11
-18%
|
16
+39%
|
21
+35%
|
|
EPS (Diluted) |
0.28
N/A
|
0.42
+50%
|
0.01
-98%
|
0.1
+900%
|
0.46
+360%
|
0.52
+13%
|
0.57
+10%
|
0.66
+16%
|
0.75
+14%
|
0.61
-19%
|
0.57
-7%
|
0.21
-63%
|
0.04
-81%
|
-0.16
N/A
|
-0.54
-238%
|
-0.22
+59%
|
0.01
N/A
|
0.28
+2 700%
|
0.71
+154%
|
0.61
-14%
|
-2.76
N/A
|
-2.71
+2%
|
-2.69
+1%
|
-2.63
+2%
|
0.16
N/A
|
0.17
+6%
|
0.15
-12%
|
0.12
-20%
|
0.19
+58%
|
0.19
N/A
|
0.18
-5%
|
0.23
+28%
|
0.51
+122%
|
0.71
+39%
|
0.88
+24%
|
0.81
-8%
|
0.71
-12%
|
0.6
-15%
|
0.49
-18%
|
0.68
+39%
|
0.91
+34%
|