Comarch SA
WSE:CMR
Income Statement
Earnings Waterfall
Comarch SA
Revenue
|
1.8B
PLN
|
Cost of Revenue
|
-1.4B
PLN
|
Gross Profit
|
438.9m
PLN
|
Operating Expenses
|
-358.6m
PLN
|
Operating Income
|
80.3m
PLN
|
Other Expenses
|
-16.5m
PLN
|
Net Income
|
63.9m
PLN
|
Income Statement
Comarch 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 |
988
N/A
|
1 038
+5%
|
1 076
+4%
|
1 114
+4%
|
1 093
-2%
|
1 132
+4%
|
1 128
0%
|
1 143
+1%
|
1 143
+0%
|
1 113
-3%
|
1 125
+1%
|
1 104
-2%
|
1 143
+4%
|
1 125
-2%
|
1 141
+1%
|
1 222
+7%
|
1 303
+7%
|
1 370
+5%
|
1 436
+5%
|
1 432
0%
|
1 441
+1%
|
1 437
0%
|
1 477
+3%
|
1 480
+0%
|
1 479
0%
|
1 537
+4%
|
1 543
+0%
|
1 549
+0%
|
1 582
+2%
|
1 627
+3%
|
1 660
+2%
|
1 748
+5%
|
1 834
+5%
|
1 859
+1%
|
1 870
+1%
|
1 839
-2%
|
1 821
-1%
|
1 816
0%
|
1 823
+0%
|
1 872
+3%
|
1 847
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(719)
|
(731)
|
(748)
|
(758)
|
(760)
|
(791)
|
(791)
|
(798)
|
(808)
|
(765)
|
(783)
|
(799)
|
(825)
|
(833)
|
(848)
|
(894)
|
(945)
|
(1 008)
|
(1 051)
|
(1 040)
|
(1 001)
|
(1 017)
|
(1 027)
|
(1 038)
|
(1 075)
|
(1 086)
|
(1 091)
|
(1 100)
|
(1 104)
|
(1 148)
|
(1 175)
|
(1 249)
|
(1 315)
|
(1 370)
|
(1 408)
|
(1 398)
|
(1 395)
|
(1 387)
|
(1 384)
|
(1 407)
|
(1 408)
|
|
Gross Profit |
269
N/A
|
307
+14%
|
328
+7%
|
356
+9%
|
333
-7%
|
340
+2%
|
338
-1%
|
345
+2%
|
335
-3%
|
348
+4%
|
342
-2%
|
305
-11%
|
319
+5%
|
292
-8%
|
294
+0%
|
328
+12%
|
358
+9%
|
362
+1%
|
386
+7%
|
392
+2%
|
440
+12%
|
421
-4%
|
449
+7%
|
442
-2%
|
404
-9%
|
451
+11%
|
452
+0%
|
449
0%
|
478
+6%
|
479
+0%
|
484
+1%
|
500
+3%
|
518
+4%
|
489
-6%
|
462
-6%
|
441
-4%
|
426
-3%
|
429
+1%
|
439
+2%
|
465
+6%
|
439
-6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(181)
|
(203)
|
(218)
|
(234)
|
(239)
|
(220)
|
(231)
|
(241)
|
(225)
|
(241)
|
(236)
|
(211)
|
(225)
|
(239)
|
(237)
|
(247)
|
(261)
|
(287)
|
(278)
|
(293)
|
(303)
|
(285)
|
(282)
|
(273)
|
(255)
|
(263)
|
(259)
|
(265)
|
(280)
|
(293)
|
(301)
|
(306)
|
(323)
|
(353)
|
(338)
|
(341)
|
(329)
|
(334)
|
(335)
|
(355)
|
(359)
|
|
Selling, General & Administrative |
(174)
|
(207)
|
(193)
|
(207)
|
(220)
|
(223)
|
(227)
|
(230)
|
(225)
|
(242)
|
(239)
|
(237)
|
(237)
|
(235)
|
(230)
|
(230)
|
(239)
|
(283)
|
(251)
|
(264)
|
(271)
|
(283)
|
(276)
|
(270)
|
(264)
|
(268)
|
(268)
|
(265)
|
(271)
|
(287)
|
(291)
|
(307)
|
(324)
|
(355)
|
(339)
|
(342)
|
(337)
|
(322)
|
(346)
|
(360)
|
(364)
|
|
Other Operating Expenses |
(7)
|
3
|
(25)
|
(27)
|
(19)
|
3
|
(4)
|
(11)
|
(0)
|
0
|
3
|
26
|
12
|
(4)
|
(7)
|
(17)
|
(22)
|
(4)
|
(27)
|
(29)
|
(31)
|
(2)
|
(5)
|
(4)
|
8
|
5
|
9
|
(0)
|
(9)
|
(6)
|
(10)
|
1
|
1
|
2
|
1
|
1
|
8
|
(12)
|
11
|
5
|
6
|
|
Operating Income |
88
N/A
|
104
+18%
|
110
+5%
|
122
+11%
|
94
-23%
|
120
+28%
|
106
-11%
|
104
-2%
|
110
+6%
|
107
-3%
|
107
0%
|
94
-12%
|
94
+0%
|
53
-43%
|
57
+7%
|
82
+43%
|
98
+20%
|
75
-24%
|
108
+45%
|
99
-9%
|
138
+40%
|
135
-2%
|
167
+24%
|
169
+1%
|
149
-12%
|
187
+26%
|
193
+3%
|
185
-4%
|
197
+7%
|
186
-6%
|
184
-1%
|
194
+5%
|
195
+1%
|
136
-30%
|
124
-9%
|
100
-19%
|
96
-4%
|
95
-2%
|
104
+10%
|
110
+5%
|
80
-27%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(7)
|
(2)
|
(6)
|
(4)
|
(5)
|
(10)
|
(13)
|
(4)
|
(12)
|
9
|
20
|
7
|
29
|
5
|
(18)
|
(1)
|
(24)
|
(23)
|
(2)
|
(25)
|
1
|
(23)
|
(16)
|
(7)
|
(25)
|
(10)
|
(1)
|
(13)
|
(9)
|
(6)
|
(37)
|
(41)
|
7
|
16
|
60
|
63
|
56
|
54
|
23
|
46
|
|
Non-Reccuring Items |
0
|
(6)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
1
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
|
Pre-Tax Income |
86
N/A
|
93
+8%
|
108
+16%
|
116
+8%
|
89
-24%
|
108
+21%
|
96
-11%
|
91
-6%
|
106
+16%
|
105
-1%
|
116
+11%
|
113
-3%
|
101
-11%
|
87
-13%
|
62
-29%
|
64
+3%
|
97
+52%
|
62
-36%
|
85
+36%
|
97
+14%
|
113
+16%
|
142
+27%
|
144
+1%
|
153
+6%
|
142
-7%
|
164
+15%
|
183
+11%
|
183
+0%
|
184
+0%
|
174
-5%
|
178
+2%
|
156
-12%
|
154
-1%
|
153
0%
|
140
-9%
|
160
+14%
|
160
0%
|
152
-5%
|
159
+4%
|
133
-16%
|
126
-5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(28)
|
(24)
|
(26)
|
(25)
|
(19)
|
(28)
|
(28)
|
(33)
|
(37)
|
(29)
|
(30)
|
(22)
|
(21)
|
(21)
|
(20)
|
(19)
|
(35)
|
(30)
|
(37)
|
(43)
|
(35)
|
(37)
|
(34)
|
(42)
|
(39)
|
(44)
|
(52)
|
(46)
|
(53)
|
(58)
|
(55)
|
(51)
|
(52)
|
(55)
|
(52)
|
(54)
|
(50)
|
(58)
|
(64)
|
(63)
|
(64)
|
|
Income from Continuing Operations |
58
|
69
|
82
|
91
|
70
|
80
|
69
|
58
|
69
|
76
|
86
|
91
|
80
|
66
|
42
|
45
|
62
|
32
|
48
|
54
|
78
|
106
|
110
|
111
|
103
|
120
|
131
|
138
|
131
|
116
|
123
|
105
|
102
|
99
|
89
|
106
|
110
|
94
|
95
|
69
|
63
|
|
Income to Minority Interest |
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(4)
|
(3)
|
(2)
|
(4)
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
(2)
|
(4)
|
(0)
|
(0)
|
(1)
|
2
|
1
|
(1)
|
0
|
2
|
3
|
7
|
7
|
6
|
8
|
9
|
9
|
10
|
7
|
7
|
7
|
5
|
5
|
1
|
|
Net Income (Common) |
57
N/A
|
68
+19%
|
81
+20%
|
90
+11%
|
69
-23%
|
80
+15%
|
68
-15%
|
57
-17%
|
65
+14%
|
73
+13%
|
84
+15%
|
87
+4%
|
79
-10%
|
65
-18%
|
40
-38%
|
42
+4%
|
60
+43%
|
31
-49%
|
44
+43%
|
54
+22%
|
78
+45%
|
105
+35%
|
112
+7%
|
112
+0%
|
102
-9%
|
121
+18%
|
133
+10%
|
141
+6%
|
139
-2%
|
123
-11%
|
129
+5%
|
113
-12%
|
111
-2%
|
108
-3%
|
98
-9%
|
113
+15%
|
117
+4%
|
101
-14%
|
100
-1%
|
74
-25%
|
64
-14%
|
|
EPS (Diluted) |
7.15
N/A
|
8.37
+17%
|
10.01
+20%
|
11.13
+11%
|
8.55
-23%
|
9.8
+15%
|
8.4
-14%
|
7
-17%
|
7.97
+14%
|
8.98
+13%
|
10.38
+16%
|
10.76
+4%
|
9.72
-10%
|
7.95
-18%
|
4.97
-37%
|
5.18
+4%
|
7.45
+44%
|
3.76
-50%
|
5.39
+43%
|
6.57
+22%
|
9.57
+46%
|
12.89
+35%
|
13.78
+7%
|
13.79
+0%
|
12.56
-9%
|
14.83
+18%
|
16.3
+10%
|
17.3
+6%
|
17.03
-2%
|
15.13
-11%
|
15.91
+5%
|
13.92
-13%
|
13.63
-2%
|
13.26
-3%
|
12.11
-9%
|
13.88
+15%
|
14.43
+4%
|
12.37
-14%
|
12.24
-1%
|
9.14
-25%
|
7.85
-14%
|