Erbud SA
WSE:ERB
Income Statement
Earnings Waterfall
Erbud SA
Revenue
|
2.9B
PLN
|
Cost of Revenue
|
-2.7B
PLN
|
Gross Profit
|
206.2m
PLN
|
Operating Expenses
|
-203.4m
PLN
|
Operating Income
|
2.8m
PLN
|
Other Expenses
|
-60.4m
PLN
|
Net Income
|
-57.6m
PLN
|
Income Statement
Erbud 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 |
1 529
N/A
|
1 578
+3%
|
1 607
+2%
|
1 675
+4%
|
1 734
+4%
|
1 715
-1%
|
1 744
+2%
|
1 698
-3%
|
1 635
-4%
|
1 790
+9%
|
1 792
+0%
|
1 778
-1%
|
1 858
+5%
|
1 805
-3%
|
1 894
+5%
|
1 989
+5%
|
2 148
+8%
|
2 332
+9%
|
2 501
+7%
|
2 571
+3%
|
2 496
-3%
|
2 313
-7%
|
2 152
-7%
|
2 199
+2%
|
2 131
-3%
|
2 228
+5%
|
2 325
+4%
|
2 435
+5%
|
2 793
+15%
|
3 102
+11%
|
3 329
+7%
|
3 602
+8%
|
3 726
+3%
|
3 856
+3%
|
3 812
-1%
|
4 368
+15%
|
4 228
-3%
|
3 234
-24%
|
3 879
+20%
|
2 986
-23%
|
2 892
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 431)
|
(1 479)
|
(1 508)
|
(1 566)
|
(1 605)
|
(1 600)
|
(1 621)
|
(1 582)
|
(1 533)
|
(1 660)
|
(1 665)
|
(1 644)
|
(1 723)
|
(1 674)
|
(1 762)
|
(1 908)
|
(2 056)
|
(2 243)
|
(2 408)
|
(2 429)
|
(2 358)
|
(2 167)
|
(2 004)
|
(2 040)
|
(1 959)
|
(2 035)
|
(2 103)
|
(2 189)
|
(2 542)
|
(2 809)
|
(3 044)
|
(3 325)
|
(3 449)
|
(3 634)
|
(3 596)
|
(4 093)
|
(3 953)
|
(3 025)
|
(3 627)
|
(2 795)
|
(2 686)
|
|
Gross Profit |
98
N/A
|
99
+1%
|
99
0%
|
109
+9%
|
129
+19%
|
115
-11%
|
123
+7%
|
116
-6%
|
102
-11%
|
129
+27%
|
127
-2%
|
134
+6%
|
136
+1%
|
132
-3%
|
131
0%
|
81
-38%
|
92
+13%
|
89
-3%
|
92
+3%
|
142
+54%
|
138
-3%
|
147
+6%
|
149
+1%
|
160
+7%
|
172
+8%
|
194
+12%
|
222
+15%
|
246
+11%
|
251
+2%
|
293
+17%
|
285
-3%
|
276
-3%
|
277
+0%
|
222
-20%
|
216
-3%
|
276
+28%
|
275
0%
|
209
-24%
|
252
+20%
|
190
-24%
|
206
+8%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(60)
|
(64)
|
(64)
|
(72)
|
(86)
|
(75)
|
(75)
|
(56)
|
(51)
|
(87)
|
(89)
|
(109)
|
(109)
|
(95)
|
(93)
|
(99)
|
(106)
|
(100)
|
(103)
|
(93)
|
(82)
|
(95)
|
(88)
|
(96)
|
(105)
|
(126)
|
(158)
|
(165)
|
(170)
|
(203)
|
(173)
|
(187)
|
(206)
|
(203)
|
(197)
|
(252)
|
(217)
|
(191)
|
(212)
|
(168)
|
(203)
|
|
Selling, General & Administrative |
(61)
|
(57)
|
(62)
|
(67)
|
(69)
|
(75)
|
(80)
|
(81)
|
(85)
|
(80)
|
(88)
|
(92)
|
(93)
|
(95)
|
(91)
|
(92)
|
(95)
|
(90)
|
(100)
|
(102)
|
(97)
|
(86)
|
(98)
|
(100)
|
(110)
|
(117)
|
(164)
|
(175)
|
(176)
|
(199)
|
(181)
|
(193)
|
(212)
|
(187)
|
(200)
|
(249)
|
(214)
|
(162)
|
(227)
|
(187)
|
(228)
|
|
Depreciation & Amortization |
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
|
Other Operating Expenses |
2
|
(3)
|
(2)
|
(5)
|
(16)
|
4
|
5
|
25
|
34
|
(0)
|
(1)
|
(17)
|
(16)
|
5
|
(2)
|
(7)
|
(11)
|
(2)
|
(3)
|
9
|
15
|
3
|
10
|
3
|
4
|
2
|
6
|
9
|
6
|
9
|
8
|
6
|
7
|
0
|
3
|
(2)
|
(3)
|
(12)
|
14
|
19
|
24
|
|
Operating Income |
38
N/A
|
35
-9%
|
35
0%
|
37
+5%
|
43
+19%
|
41
-7%
|
48
+18%
|
59
+24%
|
52
-13%
|
42
-18%
|
38
-11%
|
25
-33%
|
27
+6%
|
37
+39%
|
39
+5%
|
(18)
N/A
|
(14)
+18%
|
(11)
+24%
|
(11)
-1%
|
48
N/A
|
56
+15%
|
51
-7%
|
61
+18%
|
63
+4%
|
67
+6%
|
68
+1%
|
64
-5%
|
81
+26%
|
82
+1%
|
90
+10%
|
112
+25%
|
89
-21%
|
71
-20%
|
19
-73%
|
19
N/A
|
24
+23%
|
58
+141%
|
18
-69%
|
39
+117%
|
23
-42%
|
3
-88%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(8)
|
2
|
0
|
1
|
1
|
(3)
|
(6)
|
(4)
|
(7)
|
0
|
(5)
|
(8)
|
(5)
|
(5)
|
(2)
|
2
|
(4)
|
(8)
|
(14)
|
(12)
|
(11)
|
(9)
|
(14)
|
(17)
|
(12)
|
1
|
(3)
|
(8)
|
(11)
|
2
|
(23)
|
(24)
|
(24)
|
(16)
|
(39)
|
(55)
|
(58)
|
(0)
|
(38)
|
(18)
|
(25)
|
|
Non-Reccuring Items |
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
|
Total Other Income |
0
|
(2)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
61
|
31
|
61
|
61
|
0
|
|
Pre-Tax Income |
31
N/A
|
36
+18%
|
35
-2%
|
37
+6%
|
45
+20%
|
34
-24%
|
42
+24%
|
55
+30%
|
45
-18%
|
43
-4%
|
33
-24%
|
17
-47%
|
22
+28%
|
30
+38%
|
37
+22%
|
(16)
N/A
|
(18)
-15%
|
(22)
-20%
|
(25)
-17%
|
36
N/A
|
45
+25%
|
49
+8%
|
47
-4%
|
46
-2%
|
55
+19%
|
64
+18%
|
61
-5%
|
73
+20%
|
71
-3%
|
85
+21%
|
90
+5%
|
64
-28%
|
47
-27%
|
(2)
N/A
|
(19)
-1 081%
|
(31)
-62%
|
61
N/A
|
50
-17%
|
62
+23%
|
66
+6%
|
(22)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(8)
|
(8)
|
(7)
|
(8)
|
(11)
|
(11)
|
(13)
|
(14)
|
(12)
|
(8)
|
(5)
|
(3)
|
(4)
|
(6)
|
(9)
|
3
|
2
|
0
|
1
|
(11)
|
(13)
|
(14)
|
(14)
|
(15)
|
(13)
|
(14)
|
(16)
|
(19)
|
(60)
|
(64)
|
(63)
|
(60)
|
(20)
|
13
|
15
|
23
|
0
|
(27)
|
(29)
|
(37)
|
(14)
|
|
Income from Continuing Operations |
23
|
28
|
29
|
29
|
34
|
23
|
29
|
41
|
33
|
35
|
28
|
15
|
19
|
24
|
28
|
(13)
|
(16)
|
(21)
|
(24)
|
25
|
32
|
35
|
33
|
31
|
42
|
50
|
45
|
54
|
11
|
21
|
27
|
5
|
28
|
11
|
(4)
|
(7)
|
61
|
23
|
33
|
29
|
(36)
|
|
Income to Minority Interest |
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(4)
|
(5)
|
(6)
|
(5)
|
1
|
2
|
4
|
4
|
(1)
|
(2)
|
(0)
|
(0)
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(4)
|
(5)
|
(4)
|
(8)
|
(13)
|
0
|
0
|
0
|
(3)
|
(1)
|
(8)
|
0
|
(13)
|
(27)
|
(19)
|
(21)
|
|
Net Income (Common) |
22
N/A
|
26
+19%
|
30
+15%
|
34
+11%
|
38
+11%
|
28
-26%
|
30
+7%
|
2
-95%
|
(2)
N/A
|
2
N/A
|
(5)
N/A
|
20
N/A
|
21
+4%
|
23
+10%
|
27
+18%
|
(13)
N/A
|
(16)
-23%
|
(20)
-27%
|
(23)
-13%
|
24
N/A
|
31
+29%
|
34
+10%
|
31
-7%
|
29
-7%
|
40
+37%
|
47
+17%
|
40
-15%
|
49
+24%
|
3
-94%
|
9
+176%
|
16
+86%
|
(7)
N/A
|
21
N/A
|
8
-60%
|
(5)
N/A
|
(8)
-60%
|
60
N/A
|
10
-83%
|
13
+28%
|
9
-29%
|
(58)
N/A
|
|
EPS (Diluted) |
1.74
N/A
|
2.07
+19%
|
2.36
+14%
|
2.63
+11%
|
2.92
+11%
|
2.17
-26%
|
2.32
+7%
|
0.11
-95%
|
-0.17
N/A
|
0.13
N/A
|
-0.39
N/A
|
1.53
N/A
|
1.6
+5%
|
1.76
+10%
|
2.08
+18%
|
-1.02
N/A
|
-1.25
-23%
|
-1.59
-27%
|
-1.8
-13%
|
1.86
N/A
|
2.39
+28%
|
2.63
+10%
|
2.44
-7%
|
2.26
-7%
|
3.1
+37%
|
3.65
+18%
|
3.11
-15%
|
3.99
+28%
|
0.25
-94%
|
0.71
+184%
|
1.36
+92%
|
-0.54
N/A
|
1.71
N/A
|
0.69
-60%
|
-0.44
N/A
|
-0.7
-59%
|
5.04
N/A
|
0.84
-83%
|
1.07
+27%
|
0.76
-29%
|
-4.83
N/A
|