Befesa SA
XETRA:BFSA
Income Statement
Earnings Waterfall
Befesa SA
Revenue
|
1.2B
EUR
|
Cost of Revenue
|
-578.1m
EUR
|
Gross Profit
|
602.5m
EUR
|
Operating Expenses
|
-495.8m
EUR
|
Operating Income
|
106.6m
EUR
|
Other Expenses
|
-48.7m
EUR
|
Net Income
|
58m
EUR
|
Income Statement
Befesa SA
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 |
685
N/A
|
709
+3%
|
725
+2%
|
747
+3%
|
733
-2%
|
716
-2%
|
720
+1%
|
861
+20%
|
1 023
+19%
|
1 013
-1%
|
648
-36%
|
975
+50%
|
748
-23%
|
745
0%
|
604
-19%
|
618
+2%
|
687
+11%
|
732
+7%
|
822
+12%
|
890
+8%
|
1 010
+13%
|
1 105
+9%
|
1 136
+3%
|
1 197
+5%
|
1 179
-1%
|
1 182
+0%
|
1 181
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||
Cost of Revenue |
0
|
1
|
15
|
14
|
20
|
14
|
(4)
|
(5)
|
(7)
|
(2)
|
17
|
11
|
5
|
2
|
(255)
|
(2)
|
(1)
|
8
|
(360)
|
29
|
9
|
(121)
|
(568)
|
(457)
|
(581)
|
(600)
|
(578)
|
|
Gross Profit |
685
N/A
|
710
+4%
|
740
+4%
|
761
+3%
|
752
-1%
|
730
-3%
|
716
-2%
|
855
+19%
|
1 015
+19%
|
1 012
0%
|
665
-34%
|
986
+48%
|
752
-24%
|
747
-1%
|
349
-53%
|
616
+76%
|
686
+12%
|
740
+8%
|
462
-38%
|
920
+99%
|
1 019
+11%
|
985
-3%
|
568
-42%
|
739
+30%
|
598
-19%
|
583
-3%
|
602
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||
Operating Expenses |
(582)
|
(599)
|
(616)
|
(629)
|
(611)
|
(591)
|
(570)
|
(678)
|
(812)
|
(812)
|
(539)
|
(809)
|
(643)
|
(645)
|
(263)
|
(532)
|
(564)
|
(615)
|
(333)
|
(789)
|
(887)
|
(829)
|
(403)
|
(589)
|
(463)
|
(480)
|
(496)
|
|
Selling, General & Administrative |
(73)
|
(72)
|
(73)
|
(73)
|
(72)
|
(74)
|
(76)
|
(95)
|
(115)
|
(115)
|
(78)
|
(114)
|
(95)
|
(98)
|
(85)
|
(83)
|
(84)
|
(93)
|
(101)
|
(109)
|
(119)
|
(120)
|
(133)
|
(135)
|
(141)
|
(150)
|
(153)
|
|
Research & Development |
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
|
|
Depreciation & Amortization |
(43)
|
(41)
|
(30)
|
(30)
|
(30)
|
(30)
|
(30)
|
(37)
|
(46)
|
(48)
|
(34)
|
(53)
|
(62)
|
(62)
|
(37)
|
(56)
|
(39)
|
(43)
|
(53)
|
(70)
|
(79)
|
(87)
|
(68)
|
(73)
|
(75)
|
(76)
|
(81)
|
|
Other Operating Expenses |
(466)
|
(486)
|
(514)
|
(526)
|
(509)
|
(486)
|
(464)
|
(546)
|
(650)
|
(649)
|
(427)
|
(642)
|
(485)
|
(485)
|
(141)
|
(394)
|
(440)
|
(479)
|
(179)
|
(610)
|
(689)
|
(622)
|
(202)
|
(380)
|
(247)
|
(253)
|
(262)
|
|
Operating Income |
104
N/A
|
111
+7%
|
123
+11%
|
132
+7%
|
141
+7%
|
139
-1%
|
146
+5%
|
177
+21%
|
204
+15%
|
199
-2%
|
125
-37%
|
177
+41%
|
110
-38%
|
102
-7%
|
86
-16%
|
83
-3%
|
123
+48%
|
125
+1%
|
128
+3%
|
131
+2%
|
132
+1%
|
156
+18%
|
165
+6%
|
151
-8%
|
135
-11%
|
103
-24%
|
107
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||
Interest Income Expense |
(54)
|
(52)
|
(42)
|
(42)
|
(33)
|
(24)
|
(13)
|
(21)
|
(26)
|
(26)
|
(16)
|
(29)
|
(10)
|
(12)
|
(2)
|
(10)
|
(26)
|
(17)
|
(8)
|
(18)
|
(18)
|
(29)
|
(35)
|
(34)
|
(42)
|
(38)
|
(29)
|
|
Non-Reccuring Items |
0
|
0
|
(3)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
0
|
(4)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
|
Pre-Tax Income |
50
N/A
|
59
+18%
|
74
+25%
|
90
+21%
|
109
+21%
|
115
+6%
|
130
+13%
|
156
+20%
|
178
+14%
|
173
-2%
|
104
-40%
|
148
+43%
|
100
-33%
|
90
-10%
|
59
-35%
|
74
+25%
|
97
+32%
|
107
+11%
|
112
+4%
|
113
+1%
|
115
+1%
|
127
+11%
|
130
+3%
|
117
-10%
|
93
-20%
|
65
-30%
|
68
+5%
|
|
Net Income | ||||||||||||||||||||||||||||
Tax Provision |
(18)
|
(19)
|
(23)
|
(27)
|
(32)
|
(36)
|
(33)
|
(41)
|
(42)
|
(36)
|
(16)
|
(26)
|
(17)
|
(18)
|
(12)
|
(15)
|
(22)
|
(26)
|
(10)
|
(8)
|
(6)
|
(1)
|
(24)
|
(25)
|
(21)
|
(19)
|
(11)
|
|
Income from Continuing Operations |
32
|
40
|
51
|
63
|
77
|
79
|
97
|
115
|
136
|
138
|
88
|
122
|
83
|
72
|
47
|
59
|
75
|
82
|
102
|
105
|
108
|
126
|
107
|
92
|
73
|
46
|
58
|
|
Income to Minority Interest |
(5)
|
(6)
|
(6)
|
(5)
|
(7)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(5)
|
(6)
|
(2)
|
(0)
|
1
|
(1)
|
(3)
|
(4)
|
(3)
|
(3)
|
(4)
|
(1)
|
(0)
|
2
|
4
|
1
|
0
|
|
Net Income (Common) |
(29)
N/A
|
(27)
+6%
|
49
N/A
|
50
+1%
|
61
+23%
|
74
+22%
|
90
+21%
|
109
+20%
|
127
+17%
|
128
+1%
|
83
-35%
|
116
+41%
|
80
-31%
|
72
-10%
|
48
-34%
|
58
+21%
|
73
+26%
|
78
+7%
|
100
+28%
|
102
+2%
|
104
+2%
|
125
+20%
|
106
-15%
|
94
-11%
|
76
-19%
|
47
-39%
|
58
+25%
|
|
EPS (Diluted) |
-0.84
N/A
|
-0.8
+5%
|
1.44
N/A
|
1.46
+1%
|
1.77
+21%
|
2.17
+23%
|
2.64
+22%
|
3.18
+20%
|
3.73
+17%
|
3.76
+1%
|
2.43
-35%
|
3.41
+40%
|
2.31
-32%
|
2.12
-8%
|
1.4
-34%
|
1.7
+21%
|
2.09
+23%
|
1.95
-7%
|
2.68
+37%
|
2.54
-5%
|
2.61
+3%
|
3.14
+20%
|
2.66
-15%
|
2.36
-11%
|
1.91
-19%
|
1.16
-39%
|
1.45
+25%
|