Muehlbauer Holding AG
XMUN:MUB
Income Statement
Earnings Waterfall
Muehlbauer Holding AG
Income Statement
Muehlbauer Holding AG
| Dec-2000 | Mar-2001 | Jun-2001 | Sep-2001 | Dec-2001 | Mar-2002 | Jun-2002 | Sep-2002 | Dec-2002 | Mar-2003 | Jun-2003 | Sep-2003 | Dec-2003 | Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-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 |
0
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
1
|
0
|
1
|
0
|
|
| Revenue |
110
N/A
|
118
+7%
|
118
+0%
|
110
-7%
|
89
-19%
|
81
-9%
|
73
-10%
|
77
+5%
|
91
+19%
|
93
+2%
|
96
+4%
|
97
+1%
|
95
-2%
|
93
-2%
|
105
+12%
|
116
+11%
|
129
+11%
|
132
+3%
|
139
+5%
|
146
+5%
|
148
+1%
|
160
+8%
|
159
-1%
|
154
-3%
|
161
+4%
|
158
-2%
|
148
-6%
|
152
+3%
|
159
+4%
|
168
+5%
|
182
+8%
|
183
+1%
|
173
-6%
|
168
-3%
|
166
-1%
|
165
-1%
|
160
-3%
|
152
-5%
|
172
+13%
|
185
+7%
|
207
+12%
|
227
+10%
|
206
-9%
|
205
-1%
|
213
+4%
|
214
+0%
|
234
+9%
|
245
+5%
|
236
-4%
|
219
-7%
|
199
-9%
|
196
-2%
|
230
+18%
|
277
+20%
|
274
-1%
|
287
+5%
|
294
+2%
|
275
-6%
|
266
-3%
|
262
-2%
|
275
+5%
|
275
0%
|
287
+4%
|
291
+1%
|
283
-3%
|
311
+10%
|
343
+10%
|
341
0%
|
324
-5%
|
381
+17%
|
464
+22%
|
462
0%
|
522
+13%
|
518
-1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(66)
|
(72)
|
(73)
|
(73)
|
(61)
|
(60)
|
(58)
|
(60)
|
(61)
|
(62)
|
(64)
|
(64)
|
(63)
|
(60)
|
(68)
|
(73)
|
(75)
|
(78)
|
(78)
|
(80)
|
(84)
|
(89)
|
(89)
|
(87)
|
(91)
|
(93)
|
(88)
|
(91)
|
(95)
|
(98)
|
(105)
|
(109)
|
(102)
|
(101)
|
(104)
|
(103)
|
(106)
|
(103)
|
(111)
|
(116)
|
(125)
|
(132)
|
(122)
|
(123)
|
(131)
|
(136)
|
(156)
|
(173)
|
(92)
|
(117)
|
(54)
|
(53)
|
(69)
|
(82)
|
(75)
|
(85)
|
(90)
|
(77)
|
(76)
|
(73)
|
(65)
|
(60)
|
(69)
|
(78)
|
(84)
|
(84)
|
(100)
|
(95)
|
(90)
|
(102)
|
(140)
|
(171)
|
(242)
|
(236)
|
|
| Gross Profit |
45
N/A
|
46
+3%
|
45
-3%
|
37
-16%
|
29
-23%
|
21
-25%
|
15
-28%
|
17
+8%
|
30
+81%
|
31
+3%
|
33
+5%
|
34
+3%
|
32
-4%
|
33
+4%
|
37
+11%
|
43
+16%
|
54
+24%
|
55
+2%
|
61
+12%
|
66
+8%
|
64
-3%
|
71
+10%
|
70
-2%
|
68
-3%
|
69
+2%
|
65
-7%
|
60
-7%
|
61
+2%
|
64
+5%
|
70
+9%
|
77
+9%
|
74
-3%
|
71
-5%
|
66
-6%
|
62
-7%
|
62
+0%
|
54
-13%
|
49
-10%
|
61
+25%
|
68
+12%
|
82
+20%
|
95
+15%
|
84
-12%
|
82
-3%
|
82
+1%
|
78
-5%
|
78
0%
|
72
-7%
|
144
+99%
|
102
-29%
|
145
+43%
|
142
-2%
|
162
+14%
|
195
+21%
|
199
+2%
|
202
+2%
|
204
+1%
|
198
-3%
|
191
-4%
|
189
-1%
|
210
+11%
|
215
+2%
|
218
+2%
|
213
-2%
|
199
-7%
|
227
+14%
|
243
+7%
|
247
+1%
|
235
-5%
|
278
+19%
|
325
+17%
|
291
-10%
|
280
-4%
|
282
+1%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(25)
|
(24)
|
(22)
|
(19)
|
(24)
|
(23)
|
(23)
|
(24)
|
(27)
|
(27)
|
(27)
|
(27)
|
(28)
|
(29)
|
(30)
|
(31)
|
(26)
|
(32)
|
(33)
|
(32)
|
(32)
|
(33)
|
(32)
|
(33)
|
(35)
|
(34)
|
(34)
|
(38)
|
(38)
|
(41)
|
(43)
|
(45)
|
(46)
|
(47)
|
(47)
|
(46)
|
(45)
|
(40)
|
(41)
|
(39)
|
(44)
|
(49)
|
(51)
|
(54)
|
(55)
|
(56)
|
(58)
|
(54)
|
(123)
|
(89)
|
(126)
|
(140)
|
(135)
|
(178)
|
(147)
|
(154)
|
(150)
|
(154)
|
(149)
|
(150)
|
(153)
|
(160)
|
(145)
|
(150)
|
(147)
|
(149)
|
(162)
|
(206)
|
(225)
|
(252)
|
(247)
|
(246)
|
(252)
|
(262)
|
|
| Selling, General & Administrative |
(15)
|
(15)
|
(14)
|
(11)
|
(13)
|
(14)
|
(14)
|
(15)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(15)
|
(17)
|
(17)
|
(16)
|
(16)
|
(17)
|
(16)
|
(17)
|
(19)
|
(18)
|
(18)
|
(19)
|
(17)
|
(19)
|
(20)
|
(21)
|
(23)
|
(23)
|
(23)
|
(21)
|
(21)
|
(20)
|
(22)
|
(22)
|
(23)
|
(25)
|
(25)
|
(28)
|
(28)
|
(30)
|
(30)
|
(29)
|
(115)
|
(56)
|
(118)
|
(82)
|
(128)
|
(93)
|
(139)
|
(95)
|
(142)
|
(97)
|
(142)
|
(99)
|
(152)
|
(106)
|
(158)
|
(105)
|
(146)
|
(108)
|
(167)
|
(125)
|
(214)
|
(147)
|
(229)
|
(161)
|
(233)
|
(161)
|
|
| Research & Development |
(10)
|
(10)
|
(11)
|
(11)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(15)
|
(16)
|
(16)
|
(15)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(19)
|
(20)
|
(21)
|
(23)
|
(23)
|
(23)
|
(21)
|
(21)
|
(22)
|
(21)
|
(21)
|
(21)
|
(21)
|
(24)
|
(26)
|
(28)
|
(29)
|
(30)
|
(30)
|
(30)
|
(27)
|
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 |
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
|
(17)
|
(9)
|
(18)
|
(18)
|
(18)
|
(17)
|
(16)
|
(16)
|
(16)
|
(16)
|
(15)
|
(14)
|
(12)
|
(12)
|
(13)
|
(15)
|
(14)
|
(14)
|
(16)
|
(21)
|
(25)
|
(28)
|
(28)
|
(28)
|
(31)
|
(30)
|
|
| Other Operating Expenses |
0
|
0
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(1)
|
(2)
|
(3)
|
(3)
|
(2)
|
1
|
2
|
4
|
3
|
1
|
2
|
2
|
3
|
3
|
2
|
3
|
10
|
(24)
|
10
|
(39)
|
11
|
(68)
|
8
|
(44)
|
7
|
(41)
|
8
|
(37)
|
11
|
(42)
|
26
|
(30)
|
13
|
(27)
|
22
|
(60)
|
15
|
(76)
|
10
|
(56)
|
12
|
(71)
|
|
| Operating Income |
20
N/A
|
22
+11%
|
23
+2%
|
18
-20%
|
5
-73%
|
(2)
N/A
|
(8)
-298%
|
(8)
0%
|
3
N/A
|
4
+60%
|
5
+37%
|
6
+17%
|
4
-35%
|
4
+7%
|
7
+60%
|
12
+63%
|
27
+134%
|
23
-16%
|
28
+25%
|
34
+18%
|
33
-2%
|
39
+17%
|
38
-3%
|
35
-7%
|
34
-3%
|
30
-10%
|
26
-15%
|
23
-10%
|
26
+14%
|
30
+12%
|
33
+12%
|
29
-13%
|
24
-16%
|
20
-19%
|
15
-25%
|
16
+6%
|
10
-39%
|
9
-6%
|
21
+129%
|
29
+43%
|
39
+31%
|
46
+18%
|
33
-27%
|
27
-18%
|
27
-1%
|
22
-20%
|
20
-7%
|
18
-10%
|
21
+15%
|
13
-39%
|
19
+48%
|
3
-86%
|
27
+933%
|
17
-37%
|
52
+208%
|
48
-8%
|
53
+12%
|
44
-18%
|
42
-4%
|
39
-8%
|
57
+48%
|
55
-4%
|
73
+34%
|
63
-14%
|
52
-18%
|
78
+51%
|
81
+4%
|
41
-50%
|
10
-76%
|
27
+171%
|
77
+189%
|
45
-41%
|
28
-38%
|
21
-26%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
1
|
(3)
|
(3)
|
(4)
|
(2)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
2
|
2
|
3
|
1
|
3
|
3
|
2
|
1
|
2
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
0
|
1
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(10)
|
(1)
|
6
|
3
|
8
|
3
|
2
|
2
|
0
|
(1)
|
7
|
(1)
|
1
|
(1)
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
1
|
(0)
|
1
|
0
|
0
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
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
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
0
|
(8)
|
0
|
(11)
|
0
|
(40)
|
0
|
(9)
|
0
|
(5)
|
0
|
(7)
|
0
|
(2)
|
0
|
(7)
|
0
|
(9)
|
0
|
(5)
|
0
|
(2)
|
0
|
(9)
|
0
|
(13)
|
0
|
|
| Total Other Income |
4
|
5
|
5
|
6
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
2
|
4
|
5
|
6
|
6
|
0
|
3
|
0
|
0
|
1
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
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
|
1
|
|
| Pre-Tax Income |
25
N/A
|
24
-4%
|
25
+5%
|
20
-20%
|
7
-68%
|
1
-89%
|
(6)
N/A
|
(6)
+7%
|
5
N/A
|
6
+17%
|
8
+25%
|
9
+18%
|
9
+2%
|
10
+8%
|
14
+37%
|
19
+35%
|
28
+47%
|
27
-3%
|
31
+16%
|
36
+15%
|
35
-4%
|
40
+17%
|
39
-2%
|
38
-5%
|
38
+1%
|
33
-13%
|
29
-12%
|
25
-14%
|
28
+13%
|
32
+12%
|
34
+7%
|
30
-13%
|
24
-17%
|
19
-21%
|
14
-25%
|
15
+7%
|
10
-37%
|
9
-5%
|
21
+129%
|
30
+43%
|
39
+28%
|
47
+21%
|
35
-26%
|
28
-20%
|
28
+2%
|
21
-25%
|
20
-6%
|
18
-10%
|
3
-85%
|
12
+335%
|
13
+12%
|
5
-60%
|
(6)
N/A
|
20
N/A
|
45
+125%
|
50
+11%
|
48
-3%
|
43
-11%
|
42
-3%
|
38
-9%
|
56
+48%
|
54
-3%
|
66
+21%
|
64
-3%
|
43
-32%
|
78
+80%
|
77
-1%
|
41
-47%
|
9
-79%
|
27
+220%
|
67
+147%
|
47
-31%
|
16
-66%
|
21
+33%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(7)
|
(6)
|
(6)
|
(3)
|
(1)
|
1
|
4
|
3
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(5)
|
(7)
|
(10)
|
(10)
|
(11)
|
(13)
|
(12)
|
(14)
|
(13)
|
(12)
|
(10)
|
(9)
|
(8)
|
(6)
|
(9)
|
(10)
|
(9)
|
(9)
|
(6)
|
(5)
|
(4)
|
(4)
|
(2)
|
(2)
|
(5)
|
(6)
|
(8)
|
(11)
|
(8)
|
(7)
|
(6)
|
(6)
|
(4)
|
(2)
|
(3)
|
(1)
|
(3)
|
(1)
|
2
|
(4)
|
(8)
|
(11)
|
(9)
|
(8)
|
(15)
|
(13)
|
(12)
|
(15)
|
(21)
|
(15)
|
(9)
|
(19)
|
(18)
|
(11)
|
(12)
|
(16)
|
(19)
|
(15)
|
(5)
|
(8)
|
|
| Income from Continuing Operations |
18
|
18
|
20
|
17
|
6
|
2
|
(2)
|
(2)
|
4
|
4
|
5
|
6
|
7
|
7
|
9
|
12
|
18
|
17
|
20
|
23
|
23
|
27
|
26
|
25
|
28
|
24
|
21
|
20
|
19
|
22
|
25
|
21
|
18
|
14
|
11
|
11
|
7
|
8
|
16
|
24
|
30
|
36
|
27
|
21
|
22
|
16
|
16
|
16
|
(1)
|
10
|
10
|
5
|
(4)
|
16
|
37
|
39
|
39
|
35
|
27
|
25
|
44
|
39
|
45
|
49
|
35
|
58
|
59
|
30
|
(3)
|
12
|
48
|
32
|
12
|
13
|
|
| 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
|
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) |
18
N/A
|
18
+2%
|
20
+10%
|
17
-15%
|
6
-67%
|
2
-67%
|
(2)
N/A
|
(2)
+1%
|
4
N/A
|
4
+11%
|
5
+23%
|
6
+22%
|
7
+11%
|
7
+8%
|
9
+31%
|
12
+34%
|
18
+45%
|
17
-2%
|
20
+17%
|
23
+15%
|
23
-2%
|
27
+16%
|
26
-1%
|
25
-4%
|
28
+9%
|
24
-13%
|
21
-11%
|
20
-8%
|
19
-2%
|
19
-1%
|
18
-5%
|
14
-25%
|
8
-44%
|
6
-21%
|
4
-28%
|
5
+5%
|
3
-32%
|
3
+4%
|
7
+115%
|
10
+46%
|
13
+28%
|
15
+17%
|
11
-24%
|
9
-22%
|
9
+3%
|
7
-22%
|
8
+17%
|
11
+25%
|
(1)
N/A
|
3
N/A
|
10
+252%
|
5
-52%
|
(4)
N/A
|
16
N/A
|
37
+131%
|
39
+5%
|
39
+1%
|
35
-12%
|
27
-22%
|
25
-7%
|
44
+76%
|
39
-11%
|
45
+13%
|
49
+10%
|
35
-29%
|
58
+69%
|
59
+1%
|
30
-48%
|
(3)
N/A
|
12
N/A
|
48
+315%
|
32
-34%
|
12
-63%
|
13
+11%
|
|
| EPS (Diluted) |
3.26
N/A
|
2.87
-12%
|
3.14
+9%
|
2.68
-15%
|
0.88
-67%
|
0.29
-67%
|
-0.36
N/A
|
-0.35
+3%
|
0.56
N/A
|
0.63
+12%
|
0.78
+24%
|
0.96
+23%
|
1.07
+11%
|
1.16
+8%
|
1.52
+31%
|
2.03
+34%
|
2.94
+45%
|
2.88
-2%
|
3.37
+17%
|
3.88
+15%
|
3.79
-2%
|
4.4
+16%
|
4.36
-1%
|
4.18
-4%
|
4.56
+9%
|
3.96
-13%
|
3.5
-12%
|
3.2
-9%
|
3.13
-2%
|
3.1
-1%
|
2.95
-5%
|
2.21
-25%
|
1.24
-44%
|
0.97
-22%
|
0.69
-29%
|
0.73
+6%
|
0.5
-32%
|
0.52
+4%
|
1.12
+115%
|
1.64
+46%
|
2.09
+27%
|
2.46
+18%
|
1.87
-24%
|
1.47
-21%
|
1.51
+3%
|
1.18
-22%
|
1.39
+18%
|
1.73
+24%
|
-0.15
N/A
|
0.45
N/A
|
0.68
+51%
|
0.32
-53%
|
-0.29
N/A
|
1.1
N/A
|
2.54
+131%
|
2.68
+6%
|
2.71
+1%
|
2.39
-12%
|
1.87
-22%
|
1.74
-7%
|
3.07
+76%
|
2.76
-10%
|
3.04
+10%
|
3.42
+12%
|
2.36
-31%
|
4.09
+73%
|
4.01
-2%
|
2.16
-46%
|
-0.21
N/A
|
0.84
N/A
|
3.41
+306%
|
2.27
-33%
|
0.85
-63%
|
2.8
+229%
|
|