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VRG SA
WSE:VRG

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VRG SA
WSE:VRG
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Price: 3.21 PLN -1.23% Market Closed
Market Cap: 752.6m PLN
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Income Statement

Earnings Waterfall
VRG SA

Revenue
1.3B PLN
Cost of Revenue
-606m PLN
Gross Profit
726.8m PLN
Operating Expenses
-627.7m PLN
Operating Income
99.1m PLN
Other Expenses
-8.6m PLN
Net Income
90.5m PLN

Income Statement
VRG SA

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Income Statement
Currency: PLN
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
424
N/A
443
+5%
458
+3%
477
+4%
495
+4%
514
+4%
530
+3%
552
+4%
570
+3%
599
+5%
615
+3%
633
+3%
654
+3%
689
+5%
713
+4%
734
+3%
757
+3%
806
+6%
860
+7%
1 151
+34%
1 222
+6%
1 068
-13%
1 266
+18%
956
-24%
954
0%
854
-11%
828
-3%
897
+8%
953
+6%
1 070
+12%
1 142
+7%
1 239
+9%
1 254
+1%
1 274
+2%
1 297
+2%
1 291
-1%
1 268
-2%
1 302
+3%
1 313
+1%
1 318
+0%
1 333
+1%
Gross Profit
Cost of Revenue
(196)
(206)
(213)
(223)
(231)
(241)
(250)
(260)
(272)
(287)
(296)
(306)
(315)
(329)
(344)
(355)
(368)
(393)
(420)
(563)
(596)
(512)
(616)
(473)
(477)
(436)
(423)
(443)
(458)
(502)
(532)
(568)
(580)
(591)
(600)
(598)
(580)
(596)
(595)
(598)
(606)
Gross Profit
228
N/A
238
+4%
246
+3%
255
+3%
265
+4%
273
+3%
280
+3%
292
+4%
298
+2%
312
+5%
319
+2%
327
+2%
338
+4%
359
+6%
369
+3%
379
+3%
389
+2%
412
+6%
440
+7%
589
+34%
626
+6%
556
-11%
650
+17%
483
-26%
477
-1%
417
-12%
405
-3%
454
+12%
495
+9%
568
+15%
610
+7%
672
+10%
674
+0%
683
+1%
697
+2%
693
-1%
688
-1%
706
+3%
718
+2%
721
+0%
727
+1%
Operating Income
Operating Expenses
(195)
(201)
(208)
(212)
(219)
(229)
(237)
(248)
(254)
(261)
(269)
(273)
(282)
(296)
(305)
(316)
(325)
(340)
(371)
(512)
(547)
(469)
(575)
(444)
(438)
(429)
(420)
(442)
(454)
(471)
(491)
(510)
(522)
(547)
(556)
(568)
(578)
(592)
(605)
(615)
(628)
Selling, General & Administrative
(195)
(201)
(207)
(212)
(218)
(227)
(234)
(246)
(253)
(261)
(269)
(273)
(281)
(293)
(302)
(314)
(324)
(340)
(371)
(512)
(547)
(469)
(575)
(436)
(427)
(417)
(407)
(434)
(447)
(464)
(486)
(509)
(522)
(540)
(555)
(566)
(574)
(586)
(599)
(610)
(624)
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
Other Operating Expenses
(0)
1
(1)
(1)
(1)
(2)
(2)
(2)
(2)
0
0
(1)
(1)
(3)
(3)
(3)
(1)
0
0
(0)
(1)
0
(0)
(8)
(11)
(12)
(13)
(8)
(7)
(6)
(6)
(1)
1
(7)
(1)
(2)
(4)
(6)
(6)
(5)
(4)
Operating Income
33
N/A
37
+13%
39
+5%
42
+10%
45
+7%
43
-4%
44
+1%
44
+0%
44
0%
51
+16%
50
-2%
53
+6%
57
+6%
63
+12%
64
+1%
63
-2%
63
+1%
72
+14%
69
-4%
76
+11%
79
+3%
87
+10%
75
-14%
38
-49%
39
+2%
(11)
N/A
(15)
-35%
12
N/A
41
+253%
98
+137%
118
+21%
162
+37%
152
-6%
136
-10%
141
+3%
124
-12%
111
-11%
114
+3%
113
-1%
106
-6%
99
-7%
Pre-Tax Income
Interest Income Expense
(10)
(11)
(12)
(11)
(10)
(9)
(7)
(9)
(8)
(6)
(7)
(7)
(7)
(6)
(7)
(6)
(6)
(5)
(6)
(3)
(11)
(2)
(26)
(19)
(15)
(35)
(14)
(11)
(17)
(9)
(9)
(29)
(53)
(21)
(27)
(4)
12
23
20
2
20
Non-Reccuring Items
(0)
(0)
(0)
0
0
0
1
0
0
0
0
0
0
(1)
(1)
(1)
(1)
(0)
(0)
1
0
0
0
(1)
(1)
(1)
(1)
(0)
(0)
(0)
0
0
(0)
4
(0)
1
1
0
(1)
1
2
Total Other Income
(3)
(0)
(2)
(1)
(1)
(2)
(1)
(2)
(3)
(1)
1
(0)
(1)
(2)
(2)
(1)
(1)
(1)
(1)
(3)
(7)
(6)
(5)
(3)
(1)
(1)
(5)
(6)
(7)
(5)
(7)
(7)
8
(2)
12
13
1
(8)
(4)
(5)
(5)
Pre-Tax Income
22
N/A
25
+18%
26
+0%
30
+18%
34
+13%
32
-5%
35
+8%
35
0%
36
+3%
44
+24%
44
-1%
46
+5%
49
+6%
55
+12%
56
+1%
56
+0%
57
+1%
66
+16%
61
-7%
69
+13%
60
-13%
79
+31%
44
-44%
16
-65%
23
+44%
(48)
N/A
(36)
+26%
(5)
+85%
17
N/A
84
+384%
102
+23%
126
+23%
108
-14%
118
+9%
126
+7%
135
+7%
125
-7%
129
+4%
128
-1%
104
-19%
115
+11%
Net Income
Tax Provision
(5)
(5)
(5)
(6)
(7)
(7)
(8)
(7)
(8)
(9)
(10)
(10)
(11)
(12)
(12)
(12)
(12)
(12)
(10)
(11)
(11)
(15)
(12)
(5)
(4)
8
9
2
(3)
(17)
(19)
(26)
(22)
(25)
(27)
(28)
(26)
(28)
(28)
(23)
(25)
Income from Continuing Operations
17
20
21
24
27
25
27
27
28
35
35
36
39
43
44
44
45
54
51
58
50
64
32
11
18
(40)
(27)
(4)
14
66
84
100
85
93
99
107
99
102
101
81
90
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
Net Income (Common)
17
N/A
20
+21%
21
+3%
24
+17%
27
+12%
25
-7%
27
+8%
27
+0%
28
+3%
35
+24%
35
-2%
36
+5%
39
+6%
43
+12%
44
+2%
44
+0%
45
+1%
54
+20%
51
-5%
58
+14%
50
-15%
64
+29%
32
-50%
11
-66%
18
+70%
(40)
N/A
(27)
+33%
(4)
+86%
14
N/A
66
+369%
84
+26%
100
+20%
85
-14%
93
+9%
99
+7%
107
+8%
99
-8%
102
+3%
101
-1%
81
-19%
90
+11%
EPS (Diluted)
0.1
N/A
0.11
+10%
0.12
+9%
0.14
+17%
0.16
+14%
0.14
-13%
0.16
+14%
0.16
N/A
0.16
N/A
0.19
+19%
0.2
+5%
0.21
+5%
0.22
+5%
0.24
+9%
0.24
N/A
0.24
N/A
0.25
+4%
0.28
+12%
0.26
-7%
0.24
-8%
0.22
-8%
0.26
+18%
0.12
-54%
0.04
-67%
0.07
+75%
-0.17
N/A
-0.11
+35%
-0.02
+82%
0.06
N/A
0.27
+350%
0.36
+33%
0.43
+19%
0.36
-16%
0.39
+8%
0.42
+8%
0.46
+10%
0.42
-9%
0.43
+2%
0.45
+5%
0.35
-22%
0.39
+11%

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