SP Group A/S
CSE:SPG
Income Statement
Earnings Waterfall
SP Group A/S
Revenue
|
2.8B
DKK
|
Cost of Revenue
|
-2B
DKK
|
Gross Profit
|
862.2m
DKK
|
Operating Expenses
|
-497m
DKK
|
Operating Income
|
365.2m
DKK
|
Other Expenses
|
-117.3m
DKK
|
Net Income
|
247.9m
DKK
|
Income Statement
SP Group A/S
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 | Mar-2024 | Jun-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 160
N/A
|
1 165
+0%
|
1 199
+3%
|
1 220
+2%
|
1 257
+3%
|
1 320
+5%
|
1 362
+3%
|
1 421
+4%
|
1 454
+2%
|
1 519
+4%
|
1 646
+8%
|
1 768
+7%
|
1 843
+4%
|
1 884
+2%
|
1 880
0%
|
1 896
+1%
|
1 924
+1%
|
1 965
+2%
|
2 022
+3%
|
2 011
-1%
|
2 014
+0%
|
2 013
0%
|
2 030
+1%
|
2 092
+3%
|
2 125
+2%
|
2 178
+2%
|
2 230
+2%
|
2 302
+3%
|
2 395
+4%
|
2 481
+4%
|
2 603
+5%
|
2 643
+2%
|
2 650
+0%
|
2 656
+0%
|
2 644
0%
|
2 626
-1%
|
2 602
-1%
|
2 606
+0%
|
2 622
+1%
|
2 721
+4%
|
2 848
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(918)
|
(838)
|
(939)
|
(953)
|
(977)
|
(1 005)
|
(1 187)
|
(1 230)
|
(1 254)
|
(1 152)
|
(1 251)
|
(1 350)
|
(1 410)
|
(1 397)
|
(1 394)
|
(1 420)
|
(1 445)
|
(1 452)
|
(1 723)
|
(1 700)
|
(1 701)
|
(1 473)
|
(1 720)
|
(1 769)
|
(1 796)
|
(1 580)
|
(1 615)
|
(1 672)
|
(1 738)
|
(1 778)
|
(1 876)
|
(1 901)
|
(1 909)
|
(2 178)
|
(2 167)
|
(2 167)
|
(2 154)
|
(1 868)
|
(1 862)
|
(1 911)
|
(1 986)
|
|
Gross Profit |
243
N/A
|
327
+35%
|
260
-21%
|
267
+3%
|
280
+5%
|
315
+13%
|
175
-44%
|
191
+9%
|
201
+5%
|
367
+83%
|
395
+8%
|
418
+6%
|
434
+4%
|
487
+12%
|
486
0%
|
476
-2%
|
479
+1%
|
513
+7%
|
299
-42%
|
311
+4%
|
313
+0%
|
540
+73%
|
310
-43%
|
322
+4%
|
330
+2%
|
598
+81%
|
615
+3%
|
630
+2%
|
656
+4%
|
703
+7%
|
727
+3%
|
742
+2%
|
740
0%
|
478
-35%
|
476
0%
|
459
-4%
|
448
-2%
|
739
+65%
|
759
+3%
|
811
+7%
|
862
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(179)
|
(267)
|
(194)
|
(196)
|
(201)
|
(224)
|
(73)
|
(74)
|
(73)
|
(235)
|
(238)
|
(242)
|
(246)
|
(294)
|
(295)
|
(298)
|
(300)
|
(317)
|
(98)
|
(106)
|
(116)
|
(363)
|
(133)
|
(137)
|
(140)
|
(384)
|
(385)
|
(389)
|
(391)
|
(434)
|
(440)
|
(447)
|
(454)
|
(182)
|
(189)
|
(195)
|
(201)
|
(498)
|
(498)
|
(496)
|
(497)
|
|
Selling, General & Administrative |
0
|
(139)
|
0
|
0
|
0
|
(152)
|
0
|
0
|
0
|
(166)
|
0
|
0
|
0
|
(214)
|
0
|
0
|
0
|
(229)
|
0
|
0
|
0
|
(235)
|
0
|
0
|
0
|
(244)
|
0
|
0
|
0
|
(285)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(301)
|
0
|
0
|
0
|
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(51)
|
(53)
|
(56)
|
(58)
|
(63)
|
(72)
|
(73)
|
(74)
|
(73)
|
(69)
|
(73)
|
(77)
|
(81)
|
(81)
|
(83)
|
(86)
|
(88)
|
(90)
|
(98)
|
(106)
|
(116)
|
(130)
|
(133)
|
(137)
|
(140)
|
(142)
|
(144)
|
(147)
|
(150)
|
(154)
|
(160)
|
(167)
|
(174)
|
(182)
|
(189)
|
(195)
|
(201)
|
(200)
|
(200)
|
(199)
|
(199)
|
|
Other Operating Expenses |
(128)
|
(75)
|
(138)
|
(138)
|
(138)
|
0
|
0
|
0
|
0
|
0
|
(165)
|
(165)
|
(165)
|
2
|
(212)
|
(212)
|
(212)
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
(242)
|
(242)
|
(242)
|
4
|
(280)
|
(280)
|
(280)
|
(0)
|
0
|
0
|
0
|
2
|
(298)
|
(298)
|
(298)
|
|
Operating Income |
64
N/A
|
60
-5%
|
67
+11%
|
72
+8%
|
78
+9%
|
91
+16%
|
102
+12%
|
117
+14%
|
128
+9%
|
132
+3%
|
158
+20%
|
177
+12%
|
188
+6%
|
193
+3%
|
191
-1%
|
178
-7%
|
179
+1%
|
196
+9%
|
201
+3%
|
205
+2%
|
197
-4%
|
177
-10%
|
177
0%
|
185
+5%
|
190
+2%
|
214
+13%
|
230
+7%
|
242
+5%
|
265
+9%
|
268
+1%
|
287
+7%
|
295
+3%
|
286
-3%
|
296
+3%
|
288
-3%
|
264
-8%
|
247
-6%
|
241
-3%
|
262
+9%
|
314
+20%
|
365
+16%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(11)
|
(9)
|
(8)
|
(7)
|
(10)
|
(10)
|
(9)
|
(11)
|
(11)
|
(11)
|
(12)
|
(16)
|
(17)
|
(18)
|
(14)
|
(0)
|
2
|
(11)
|
3
|
(4)
|
(3)
|
(22)
|
(5)
|
(9)
|
(14)
|
(23)
|
(12)
|
(13)
|
(11)
|
(15)
|
(13)
|
(13)
|
(18)
|
(28)
|
(34)
|
(41)
|
(43)
|
(40)
|
(44)
|
(45)
|
(49)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
2
|
(7)
|
(7)
|
(7)
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
52
N/A
|
51
-1%
|
58
+13%
|
65
+11%
|
68
+6%
|
81
+18%
|
93
+15%
|
106
+14%
|
117
+10%
|
123
+5%
|
146
+19%
|
161
+10%
|
171
+6%
|
176
+3%
|
177
+1%
|
178
+0%
|
182
+2%
|
200
+10%
|
203
+2%
|
201
-1%
|
193
-4%
|
175
-9%
|
171
-2%
|
176
+3%
|
176
0%
|
194
+10%
|
211
+9%
|
222
+5%
|
247
+11%
|
258
+4%
|
273
+6%
|
282
+3%
|
268
-5%
|
269
+0%
|
254
-5%
|
223
-12%
|
205
-8%
|
201
-2%
|
217
+8%
|
270
+24%
|
316
+17%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(13)
|
(12)
|
(14)
|
(15)
|
(16)
|
(20)
|
(22)
|
(25)
|
(27)
|
(29)
|
(34)
|
(38)
|
(40)
|
(43)
|
(44)
|
(43)
|
(43)
|
(40)
|
(39)
|
(38)
|
(36)
|
(35)
|
(35)
|
(38)
|
(39)
|
(43)
|
(46)
|
(49)
|
(54)
|
(55)
|
(58)
|
(59)
|
(56)
|
(55)
|
(52)
|
(47)
|
(43)
|
(42)
|
(45)
|
(57)
|
(67)
|
|
Income from Continuing Operations |
40
|
40
|
45
|
50
|
52
|
61
|
70
|
81
|
89
|
93
|
112
|
123
|
131
|
132
|
133
|
135
|
140
|
160
|
164
|
163
|
157
|
140
|
136
|
139
|
137
|
151
|
165
|
173
|
194
|
203
|
216
|
223
|
212
|
213
|
202
|
176
|
162
|
159
|
172
|
213
|
249
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Net Income (Common) |
39
N/A
|
39
+1%
|
44
+13%
|
49
+11%
|
52
+7%
|
61
+16%
|
70
+15%
|
80
+14%
|
88
+11%
|
92
+5%
|
111
+20%
|
123
+10%
|
130
+6%
|
132
+1%
|
133
+1%
|
135
+1%
|
140
+4%
|
160
+15%
|
164
+2%
|
163
-1%
|
157
-4%
|
140
-11%
|
136
-3%
|
139
+2%
|
137
-1%
|
151
+10%
|
164
+9%
|
173
+5%
|
193
+12%
|
203
+5%
|
215
+6%
|
223
+4%
|
212
-5%
|
213
+1%
|
201
-5%
|
176
-13%
|
161
-8%
|
159
-2%
|
171
+8%
|
212
+24%
|
248
+17%
|
|
EPS (Diluted) |
3.84
N/A
|
3.85
+0%
|
4.37
+14%
|
4.68
+7%
|
4.45
-5%
|
5.6
+26%
|
6.16
+10%
|
6.87
+12%
|
7.55
+10%
|
8.07
+7%
|
9.56
+18%
|
10.3
+8%
|
11.33
+10%
|
11.42
+1%
|
11.46
+0%
|
11.74
+2%
|
12.27
+5%
|
14.1
+15%
|
14.46
+3%
|
14.3
-1%
|
14
-2%
|
12.46
-11%
|
12.02
-4%
|
12.22
+2%
|
11.09
-9%
|
12.75
+15%
|
13.4
+5%
|
14.01
+5%
|
15.45
+10%
|
16.44
+6%
|
17.55
+7%
|
18.18
+4%
|
17.43
-4%
|
17.49
+0%
|
16.54
-5%
|
14.46
-13%
|
13.27
-8%
|
13.04
-2%
|
14.11
+8%
|
17.48
+24%
|
20.55
+18%
|