Faes Farma SA
MAD:FAE
Income Statement
Earnings Waterfall
Faes Farma SA
Revenue
|
487.4m
EUR
|
Cost of Revenue
|
-163.1m
EUR
|
Gross Profit
|
324.3m
EUR
|
Operating Expenses
|
-214.5m
EUR
|
Operating Income
|
109.8m
EUR
|
Other Expenses
|
-12.2m
EUR
|
Net Income
|
97.6m
EUR
|
Income Statement
Faes Farma SA
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 |
174
N/A
|
192
+10%
|
194
+1%
|
200
+3%
|
204
+2%
|
205
+0%
|
210
+3%
|
213
+1%
|
218
+2%
|
229
+5%
|
231
+1%
|
242
+4%
|
256
+6%
|
275
+7%
|
298
+9%
|
315
+6%
|
316
+0%
|
324
+3%
|
408
+26%
|
508
+24%
|
519
+2%
|
357
-31%
|
557
+56%
|
462
-17%
|
466
+1%
|
380
-18%
|
362
-5%
|
371
+3%
|
384
+4%
|
399
+4%
|
420
+5%
|
437
+4%
|
437
0%
|
439
+0%
|
441
+1%
|
444
+1%
|
449
+1%
|
451
+1%
|
464
+3%
|
476
+3%
|
487
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(45)
|
(66)
|
(69)
|
(67)
|
(73)
|
(71)
|
(74)
|
(73)
|
0
|
(77)
|
(36)
|
(41)
|
(68)
|
(96)
|
(109)
|
(116)
|
(120)
|
(120)
|
(152)
|
(187)
|
(188)
|
(130)
|
(203)
|
(167)
|
(169)
|
(140)
|
(132)
|
(136)
|
(141)
|
(146)
|
(155)
|
(160)
|
(160)
|
(157)
|
(154)
|
(154)
|
(151)
|
(154)
|
(157)
|
(159)
|
(163)
|
|
Gross Profit |
102
N/A
|
126
+24%
|
125
-1%
|
133
+6%
|
130
-2%
|
134
+3%
|
137
+2%
|
139
+2%
|
0
N/A
|
151
N/A
|
80
-47%
|
85
+6%
|
131
+54%
|
178
+36%
|
189
+6%
|
198
+5%
|
196
-1%
|
204
+4%
|
257
+26%
|
321
+25%
|
331
+3%
|
227
-31%
|
354
+56%
|
295
-16%
|
297
+0%
|
240
-19%
|
230
-4%
|
235
+2%
|
243
+3%
|
252
+4%
|
265
+5%
|
277
+5%
|
277
0%
|
282
+2%
|
287
+2%
|
290
+1%
|
298
+3%
|
297
0%
|
307
+3%
|
317
+3%
|
324
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(100)
|
(90)
|
(90)
|
(98)
|
(93)
|
(92)
|
(96)
|
(97)
|
(173)
|
(103)
|
(148)
|
(152)
|
(139)
|
(129)
|
(135)
|
(140)
|
(139)
|
(142)
|
(176)
|
(213)
|
(219)
|
(148)
|
(234)
|
(189)
|
(189)
|
(148)
|
(143)
|
(149)
|
(150)
|
(155)
|
(166)
|
(177)
|
(180)
|
(180)
|
(184)
|
(188)
|
(195)
|
(194)
|
(201)
|
(208)
|
(214)
|
|
Selling, General & Administrative |
0
|
(57)
|
(12)
|
(25)
|
(35)
|
(62)
|
(50)
|
(51)
|
(51)
|
(67)
|
(53)
|
(54)
|
(57)
|
(78)
|
(65)
|
(70)
|
(71)
|
(96)
|
(87)
|
(108)
|
(109)
|
(105)
|
(114)
|
(95)
|
(96)
|
(107)
|
(82)
|
(84)
|
(85)
|
(109)
|
(88)
|
(89)
|
(90)
|
(117)
|
(95)
|
(96)
|
(97)
|
(123)
|
(98)
|
(101)
|
(105)
|
|
Research & Development |
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(5)
|
(6)
|
(6)
|
(6)
|
(4)
|
(6)
|
(5)
|
(6)
|
(7)
|
(6)
|
(5)
|
(6)
|
(5)
|
(8)
|
(9)
|
(10)
|
(12)
|
(10)
|
(14)
|
(17)
|
(19)
|
(13)
|
(22)
|
(22)
|
(21)
|
(15)
|
(14)
|
(12)
|
(13)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
(20)
|
(20)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
|
Other Operating Expenses |
(95)
|
(26)
|
(72)
|
(67)
|
(53)
|
(23)
|
(41)
|
(40)
|
(116)
|
(28)
|
(90)
|
(92)
|
(77)
|
(39)
|
(62)
|
(62)
|
(56)
|
(33)
|
(75)
|
(88)
|
(91)
|
(26)
|
(99)
|
(70)
|
(71)
|
(22)
|
(47)
|
(54)
|
(53)
|
(25)
|
(61)
|
(70)
|
(71)
|
(40)
|
(70)
|
(72)
|
(78)
|
(46)
|
(83)
|
(87)
|
(89)
|
|
Operating Income |
29
N/A
|
36
+26%
|
35
-3%
|
35
+1%
|
37
+6%
|
42
+11%
|
41
-2%
|
42
+4%
|
44
+5%
|
48
+9%
|
47
-1%
|
49
+3%
|
50
+2%
|
49
-1%
|
54
+10%
|
58
+8%
|
58
-1%
|
62
+8%
|
80
+29%
|
108
+35%
|
112
+4%
|
79
-30%
|
120
+52%
|
106
-11%
|
108
+2%
|
92
-15%
|
87
-6%
|
86
-1%
|
93
+8%
|
97
+5%
|
99
+2%
|
100
+1%
|
97
-3%
|
102
+5%
|
102
+0%
|
102
-1%
|
103
+1%
|
103
0%
|
106
+3%
|
109
+3%
|
110
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
0
|
1
|
0
|
1
|
(0)
|
(1)
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
0
|
0
|
(0)
|
|
Non-Reccuring Items |
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
(1)
|
2
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
0
|
(4)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
1
|
0
|
0
|
0
|
|
Pre-Tax Income |
28
N/A
|
33
+18%
|
35
+8%
|
36
+2%
|
37
+4%
|
39
+5%
|
40
+3%
|
42
+3%
|
44
+7%
|
46
+4%
|
48
+3%
|
49
+4%
|
49
-1%
|
50
+2%
|
53
+7%
|
57
+7%
|
56
-1%
|
62
+9%
|
80
+29%
|
106
+33%
|
112
+5%
|
74
-34%
|
119
+60%
|
105
-12%
|
106
+1%
|
85
-20%
|
85
+1%
|
85
-1%
|
92
+8%
|
93
+1%
|
99
+6%
|
100
+2%
|
97
-3%
|
101
+5%
|
102
+1%
|
101
-1%
|
103
+1%
|
103
+0%
|
106
+3%
|
110
+3%
|
110
+0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(7)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(9)
|
(8)
|
(7)
|
(7)
|
(6)
|
(10)
|
(13)
|
(18)
|
(20)
|
(10)
|
(17)
|
(15)
|
(15)
|
(12)
|
(11)
|
(11)
|
(12)
|
(11)
|
(11)
|
(12)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(11)
|
(12)
|
(13)
|
(12)
|
|
Income from Continuing Operations |
23
|
25
|
26
|
27
|
28
|
30
|
32
|
34
|
35
|
37
|
38
|
39
|
39
|
41
|
46
|
50
|
51
|
52
|
67
|
88
|
92
|
64
|
101
|
90
|
91
|
73
|
74
|
74
|
80
|
82
|
88
|
89
|
86
|
90
|
90
|
89
|
90
|
92
|
94
|
97
|
97
|
|
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)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
23
N/A
|
25
+8%
|
26
+4%
|
27
+2%
|
28
+6%
|
30
+7%
|
32
+4%
|
34
+6%
|
35
+5%
|
37
+4%
|
38
+3%
|
39
+3%
|
39
+0%
|
41
+6%
|
46
+11%
|
49
+7%
|
50
+2%
|
52
+2%
|
67
+29%
|
88
+32%
|
92
+4%
|
64
-30%
|
101
+58%
|
89
-12%
|
91
+2%
|
73
-20%
|
73
+1%
|
74
+1%
|
80
+8%
|
82
+3%
|
88
+6%
|
88
+1%
|
86
-3%
|
90
+4%
|
91
+1%
|
90
-1%
|
90
+0%
|
92
+2%
|
95
+3%
|
97
+3%
|
98
+0%
|
|
EPS (Diluted) |
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.1
+11%
|
0.11
+10%
|
0.12
+9%
|
0.13
+8%
|
0.12
-8%
|
0.14
+17%
|
0.14
N/A
|
0.14
N/A
|
0.14
N/A
|
0.17
+21%
|
0.18
+6%
|
0.18
N/A
|
0.17
-6%
|
0.23
+35%
|
0.31
+35%
|
0.32
+3%
|
0.21
-34%
|
0.35
+67%
|
0.31
-11%
|
0.31
N/A
|
0.23
-26%
|
0.24
+4%
|
0.27
+13%
|
0.24
-11%
|
0.25
+4%
|
0.29
+16%
|
0.28
-3%
|
0.27
-4%
|
0.28
+4%
|
0.29
+4%
|
0.29
N/A
|
0.29
N/A
|
0.3
+3%
|
0.31
+3%
|
0.31
N/A
|
0.32
+3%
|