Income Statement AVE S.A.

Stocks

AVE

GRS489003004

Toys & Juvenile Products

Market Closed - Athens S.E. Other stock markets 10:10:02 2026-06-11 am EDT			5-day change	1st Jan Change
0.4490 ^EUR	+1.58%		+2.05%	-7.61%

Apr. 30	Ave FY 2025 net loss of EUR 2.3 million	RE
25-09-30	Ave H1 net loss shrinks to EUR 0.3 million	RE

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Published financial data: AVE S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	105M	142M	143M	143M	19.37M
Total Revenues	105M	142M	143M	143M	19.37M
Cost of Goods Sold, Total	89.89M	128M	127M	126M	16.43M
Gross Profit	14.74M	13.92M	16.19M	16.99M	2.94M
Selling General & Admin Expenses, Total	22.04M	16.26M	18.29M	18.46M	10.26M
R&D Expenses	-	-	-	-	-
Other Operating Expenses	517K	297K	201K	3.43M	110K
Other Operating Expenses, Total	22.56M	16.56M	18.49M	21.89M	10.37M
Operating Income	-7.82M	-2.64M	-2.31M	-4.9M	-7.43M
Interest Expense, Total	-6.96M	-4.87M	-4.17M	-4.57M	-4.68M
Interest And Investment Income	4.51K	181	76.9K	81.85K	756K
Net Interest Expenses	-6.96M	-4.87M	-4.09M	-4.48M	-3.92M
Income (Loss) On Equity Invest.	-	-	-9.73K	-122K	-
Other Non Operating Income (Expenses)	395K	226K	314K	-463K	-
EBT, Excl. Unusual Items	-14.38M	-7.29M	-6.1M	-9.97M	-11.35M
Gain (Loss) On Sale Of Investments	-3.62M	-496K	18.74K	-7.59M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-409K	13.36M	-282K	12.06M	-193K
EBT, Incl. Unusual Items	-18.41M	5.57M	-6.36M	-5.49M	-11.54M
Income Tax Expense	-2.73M	1.17M	385K	107K	-2.39M
Earnings From Continuing Operations	-15.68M	4.4M	-6.74M	-5.6M	-9.15M
Earnings Of Discontinued Operations	-	-2.67M	-206K	-	-938K
Net Income to Company	-15.68M	1.73M	-6.95M	-5.6M	-10.09M
Minority Interest	2.48M	241K	-358K	260K	1.04M
Net Income - (IS)	-13.19M	1.97M	-7.31M	-5.34M	-9.05M
Net Income to Common Incl Extra Items	-13.19M	1.97M	-7.31M	-5.34M	-9.05M
Net Income to Common Excl. Extra Items	-13.19M	4.65M	-7.1M	-5.34M	-8.11M
Per Share Items
Net EPS - Basic	-0.13	0.02	-0.05	-0.03	-0.06
Basic EPS - Continuing Operations	-0.13	0.04	-0.05	-0.03	-0.05
Basic Weighted Average Shares Outstanding	103M	127M	142M	167M	152M
Net EPS - Diluted	-0.13	0.01	-0.05	-0.03	-0.06
Diluted EPS - Continuing Operations	-0.13	0.03	-0.05	-0.03	-0.05
Diluted Weighted Average Shares Outstanding	103M	157M	142M	167M	152M
Normalized Basic EPS	-0.06	-0.03	-0.03	-0.04	-0.04
Normalized Diluted EPS	-0.06	-0.03	-0.03	-0.04	-0.04
Supplemental Items
EBITDA	-941K	-906K	-662K	-2.98M	-6.8M
EBITA	-7.36M	-1.85M	-1.52M	-4.11M	-7.43M
EBIT	-7.82M	-2.64M	-2.31M	-4.9M	-7.43M
Effective Tax Rate - (Ratio)	14.83	20.98	-6.06	-1.94	20.72
Total Current Taxes	121K	301K	771K	852K	17.66K
Total Deferred Taxes	-2.85M	799K	-385K	-745K	-2.41M
Normalized Net Income	-6.5M	-4.31M	-4.17M	-5.97M	-6.05M
Interest on Long-Term Debt	533K	128K	143K	60.84K	61.79K
Supplemental Operating Expense Items
Selling and Marketing Expenses	16.12M	12.52M	14.33M	14.35M	7.71M
General and Administrative Expenses	5.92M	3.74M	3.96M	4.11M	2.55M
Research And Development Expense From Footnotes	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.34M	5.65M	14.71M	7.45M	4.17M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	2.34M	5.65M	14.71M	7.45M	4.17M
Accounts Receivable, Total	21.68M	27.3M	23.41M	23.69M	3.21M
Other Receivables	3.85M	1.52M	1.55M	2.26M	3.12M
Total Receivables	25.54M	28.82M	24.96M	25.94M	6.33M
Inventory	5.86M	5.63M	5.93M	6.89M	2.44M
Prepaid Expenses	708K	1.66M	587K	1.32M	465K
Other Current Assets, Total	12.88M	28.2M	8.37M	7.76M	2.79M
Total Current Assets	47.32M	69.96M	54.55M	49.37M	16.2M
Gross Property Plant And Equipment	124M	26.2M	24.86M	17.96M	17.83M
Accumulated Depreciation	-60.1M	-14.73M	-14.24M	-10.22M	-10.22M
Net Property Plant And Equipment	64.04M	11.47M	10.62M	7.74M	7.6M
Long-term Investments	-	-	-	-	-
Goodwill	7.25M	2.25M	2.25M	574K	3.71M
Other Intangibles, Total	36.47M	33.5M	29.67M	25.11M	16.12M
Deferred Tax Assets Long-Term	-	-	-	-	1.46M
Other Long-Term Assets, Total	9.37M	8.83M	8.69M	2.58M	3.82M
Total Assets	164M	126M	106M	85.37M	48.91M
Liabilities
Accounts Payable, Total	29.78M	22.43M	27.16M	27.23M	6.19M
Accrued Expenses, Total	11.15M	1.58M	1.99M	811K	580K
Short-term Borrowings	2.33M	2.39M	3.03M	7.6M	7.61M
Current Portion of Long-Term Debt	22.66M	6.98M	9.13M	4.46M	1.9M
Current Portion of Leases	1.64M	317K	154K	380K	524K
Current Income Taxes Payable	30.95K	60.21K	589K	520K	8.1K
Other Current Liabilities	15.35M	26.81M	8.47M	6.73M	4.18M
Total Current Liabilities	82.94M	60.57M	50.52M	47.73M	20.99M
Long-Term Debt	56.78M	42.88M	40.79M	29.44M	25.28M
Long-Term Leases	13.91M	5.65M	5.32M	1.54M	2.78M
Pension & Other Post Retirement Benefits	1.44M	805K	393K	252K	143K
Deferred Tax Liability Non Current	1.56M	1.83M	1.52M	1.29M	-
Other Non Current Liabilities	6.8M	2.19M	1.59M	608K	5.82M
Total Liabilities	163M	114M	100M	80.86M	55.02M
Common Stock, Total	39.79M	6.63M	6.63M	6.75M	6.89M
Additional Paid In Capital	12.91M	19.15M	19.15M	22.03M	28.89M
Retained Earnings	-66.34M	-23.02M	-30.16M	-36.59M	-46.73M
Comprehensive Income and Other	10.59M	2.59M	2.62M	5.43M	4.81M
Total Common Equity	-3.05M	5.35M	-1.77M	-2.38M	-6.14M
Minority Interest	4.07M	6.74M	7.39M	6.89M	29.3K
Total Equity	1.01M	12.09M	5.63M	4.51M	-6.11M
Total Liabilities And Equity	164M	126M	106M	85.37M	48.91M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	103M	141M	149M	152M	176M
ECS Total Common Shares Outstanding	103M	141M	149M	152M	155M
Book Value / Share	-0.03	0.04	-0.01	-0.02	-0.04
Tangible Book Value	-46.77M	-30.41M	-33.68M	-28.07M	-25.97M
Tangible Book Value Per Share	-0.45	-0.22	-0.23	-0.19	-0.17
Total Debt	97.31M	58.22M	58.43M	43.42M	38.1M
Net Debt	94.97M	52.57M	43.72M	35.97M	33.93M
Minority Interest, Total (Incl. Fin. Div)	4.07M	6.74M	7.39M	6.89M	29.3K
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	6.15M	5.92M	6.16M	7.03M	2.6M
Film Contract & Broadcasting Rights - Long-Term, Total	54.21M	54.34M	36.35M	30.27M	30.27M
Land - (BS)	232K	1.02M	1.01M	1M	117K
Buildings, Total	76.51M	15.19M	13.62M	8.11M	7.36M
Machinery, Total	47.39M	10M	10.23M	8.84M	10.35M
Full Time Employees	-	166	151	132	189
Accumulated Allowance for Doubtful Accounts (Supple)	8.23M	5.98M	4.52M	4.1M	1.64M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-13.19M	1.97M	-7.31M	-5.34M	-9.05M
Depreciation & Amortization - CF	6.83M	1.32M	1.23M	1.53M	943K
Amortization of Goodwill and Intangible Assets - (CF)	458K	786K	787K	786K	-
Depreciation & Amortization, Total	7.29M	2.11M	2.02M	2.32M	943K
Amortization of Deferred Charges, Total - (CF)	2.57M	2.64M	2.79M	2.29M	3.46M
(Gain) Loss From Sale Of Asset	-	-	-	-	-489K
Net Cash From Discontinued Operations	-	530K	-	-	-2.78M
Other Operating Activities, Total	185K	-8.12M	2.45M	2.09M	321K
Change In Accounts Receivable	-6.63M	-1.17M	7.84M	-7.51M	-4.52M
Change In Inventories	8.86M	105K	-308K	-1.51M	-985K
Change in Other Net Operating Assets	3.23M	-4.28M	1.55M	696K	2.18M
Cash from Operations	2.31M	-6.22M	9.04M	-6.96M	-10.93M
Capital Expenditure	-2.93M	-766K	-814K	-1.51M	-1.14M
Sale of Property, Plant, and Equipment	91.17K	-	503K	6.5M	-
Cash Acquisitions	-7.5M	-	-	-	-
Investment in Marketable and Equity Securities, Total	4.19M	-	30K	290K	2.9M
Other Investing Activities, Total	4.51K	950K	7.47K	43.83K	-87.27K
Cash from Investing	-6.14M	183K	-274K	5.32M	1.67M
Long-Term Debt Issued, Total	-	10.26M	-	-	-
Total Debt Issued	-	10.26M	-	-	-
Long-Term Debt Repaid, Total	-5.1M	-	-857K	-6.23M	-2.66M
Total Debt Repaid	-5.1M	-	-857K	-6.23M	-2.66M
Issuance of Common Stock	8M	2.05M	902K	556K	11.43M
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	500K	-1.64M	245K	95K	-241K
Cash from Financing	3.4M	10.67M	290K	-5.58M	8.53M
Miscellaneous Cash Flow Adjustments	1.32M	-1.28M	-48.63K	-38.34K	-2.55M
Net Change in Cash	886K	3.35M	9.01M	-7.26M	-3.28M
Supplemental Items
Cash Interest Paid	4.87M	3.76M	3.02M	1.45M	2.22M
Cash Income Tax Paid (Refund)	286K	9.98K	266K	869K	18.47K
Levered Free Cash Flow	-1.88M	-25.48M	11.75M	-7.45M	1.25M
Unlevered Free Cash Flow	2.47M	-22.43M	14.35M	-4.6M	4.17M
Change In Net Working Capital	-429K	24.76M	-11.8M	4.63M	-5.56M
Net Debt Issued / Repaid	-5.1M	10.26M	-857K	-6.23M	-2.66M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-3.32	-1.14	-1.24	-3.2	-6.92
Return on Total Capital	-5.12	-1.96	-2.14	-5.47	-11.62
Return On Equity %	-1.15K	67.23	-75.08	-110.52	1.15K
Return on Common Equity	-1.49K	405.39	-376.49	257.43	190.4
Margin Analysis
Gross Profit Margin %	14.09	9.79	11.33	11.86	15.18
SG&A Margin	21.06	11.43	12.8	12.89	52.97
EBITDA Margin %	-0.9	-0.64	-0.46	-2.08	-35.09
EBITA Margin %	-7.03	-1.3	-1.06	-2.87	-38.36
EBIT Margin %	-7.47	-1.86	-1.62	-3.42	-38.36
Income From Continuing Operations Margin %	-14.98	3.1	-4.72	-3.91	-47.26
Net Income Margin %	-12.61	1.39	-5.11	-3.73	-46.72
Net Avail. For Common Margin %	-12.61	3.27	-4.97	-3.73	-41.87
Normalized Net Income Margin	-6.21	-3.03	-2.92	-4.17	-31.24
Levered Free Cash Flow Margin	-1.79	-17.91	8.22	-5.2	6.46
Unlevered Free Cash Flow Margin	2.36	-15.77	10.05	-3.21	21.55
Asset Turnover
Asset Turnover	0.71	0.98	1.23	1.5	0.29
Fixed Assets Turnover	1.72	3.77	12.93	15.6	2.53
Receivables Turnover (Average Receivables)	7.5	5.81	5.64	6.08	1.44
Inventory Turnover (Average Inventory)	22.68	22.33	21.92	19.7	3.52
Short Term Liquidity
Current Ratio	0.57	1.15	1.08	1.03	0.77
Quick Ratio	0.34	0.57	0.79	0.7	0.5
Operating Cash Flow to Current Liabilities	0.03	-0.1	0.18	-0.15	-0.52
Days Sales Outstanding (Average Receivables)	48.67	63.03	64.76	60.01	253.47
Days Outstanding Inventory (Average Inventory)	16.09	16.39	16.65	18.53	103.67
Average Days Payable Outstanding	82.87	74.61	73.02	78.05	509.13
Cash Conversion Cycle (Average Days)	-18.1	4.81	8.4	0.49	-151.99
Long Term Solvency
Total Debt/Equity	9.59K	481.7	1.04K	963.01	-623.92
Total Debt / Total Capital	98.97	82.81	91.22	90.59	119.09
LT Debt/Equity	6.97K	401.55	819.58	687.17	-459.6
Long-Term Debt / Total Capital	71.89	69.03	71.99	64.64	87.72
Total Liabilities / Total Assets	99.38	90.41	94.68	94.72	112.48
EBIT / Interest Expense	-1.12	-0.54	-0.55	-1.07	-1.59
EBITDA / Interest Expense	-0.08	-0.11	-0.07	-0.57	-1.39
(EBITDA - Capex) / Interest Expense	-0.5	-0.27	-0.26	-0.9	-1.63
Total Debt / EBITDA	-183.84	-109.14	-202.28	-16.8	-5.87
Net Debt / EBITDA	-179.41	-98.55	-151.37	-13.92	-5.23
Total Debt / (EBITDA - Capex)	-28.15	-44.79	-52.97	-10.6	-4.99
Net Debt / (EBITDA - Capex)	-27.47	-40.45	-39.64	-8.78	-4.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	163.37	63.32	0.48	0.23	18.22
Gross Profit, 1 Yr. Growth %	92.7	31.48	16.36	4.92	6.15
EBITDA, 1 Yr. Growth %	-92.1	-129.9	-29.87	362.72	10.38
EBITA, 1 Yr. Growth %	-54.05	-45.27	-19.53	173.69	26.96
EBIT, 1 Yr. Growth %	-51.19	-31.35	-13.75	113.96	11.93
Earnings From Cont. Operations, 1 Yr. Growth %	70.24	-223.28	-254.33	-16.95	37.9
Net Income, 1 Yr. Growth %	121.12	-114.94	-477.39	-24.8	69.12
Normalized Net Income, 1 Yr. Growth %	-38.93	18.26	-3.99	44.4	-8.21
Diluted EPS Before Extra, 1 Yr. Growth %	17.52	-190.43	-272.97	-25.2	35.91
Accounts Receivable, 1 Yr. Growth %	248.74	25.88	-14.25	1.18	-86.43
Inventory, 1 Yr. Growth %	182.89	-3.82	5.2	16.29	-64.56
Net Property, Plant and Equip., 1 Yr. Growth %	11.01	-82.09	-7.39	-27.16	-1.77
Total Assets, 1 Yr. Growth %	26.29	-23.36	-16.06	-19.3	-42.7
Tangible Book Value, 1 Yr. Growth %	23	-34.98	11.49	-16.68	-7.47
Common Equity, 1 Yr. Growth %	-163.35	-275.07	-131.89	34.87	157.48
Cash From Operations, 1 Yr. Growth %	-136.41	-369.22	-245.34	-176.99	56.94
Capital Expenditures, 1 Yr. Growth %	162.76	-59.89	6.25	85.89	107.98
Levered Free Cash Flow, 1 Yr. Growth %	-141.19	813.07	-146.08	-165.4	-112.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-70.65	-38.88K	-163.93	-132.83	-167.79
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	56.78	89.2	28.1	0.35	-63.18
Gross Profit, 2 Yr. CAGR %	29.08	34.89	23.65	10.52	-57.4
EBITDA, 2 Yr. CAGR %	-60.92	-72.43	-53.26	77.68	224.85
EBITA, 2 Yr. CAGR %	-18.4	-65.98	-32.96	47.53	122.29
EBIT, 2 Yr. CAGR %	-15.9	-59.4	-22.5	35.31	80.1
Earnings From Cont. Operations, 2 Yr. CAGR %	26.87	-30.84	37.4	13.21	16.49
Net Income, 2 Yr. CAGR %	24.26	-42.52	-25.57	66.08	12.87
Normalized Net Income, 2 Yr. CAGR %	-17.63	-36.36	6.91	17.29	20.97
Diluted EPS Before Extra, 2 Yr. CAGR %	-14.82	-47.57	22.96	5.13	11.53
Accounts Receivable, 2 Yr. CAGR %	56.01	109.52	3.9	-6.85	-62.95
Inventory, 2 Yr. CAGR %	87.43	64.95	0.59	10.61	-35.8
Net Property, Plant and Equip., 2 Yr. CAGR %	1.71	-55.41	-59.27	-17.87	-15.41
Total Assets, 2 Yr. CAGR %	1.21	-1.62	-19.8	-17.69	-32
Tangible Book Value, 2 Yr. CAGR %	12.98	-10.57	-15.13	-3.62	-12.2
Common Equity, 2 Yr. CAGR %	-41.39	5.31	-23.93	-34.42	86.35
Cash From Operations, 2 Yr. CAGR %	512.94	-0.99	97.81	5.78	9.92
Capital Expenditures, 2 Yr. CAGR %	180.89	-17.06	-34.72	40.54	18.48
Levered Free Cash Flow, 2 Yr. CAGR %	32.95	136.51	105.21	-45.95	-66.86
Unlevered Free Cash Flow, 2 Yr. CAGR %	-8.47	63.13	1.48K	-54.76	-45.39
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	38.24	49.49	53.22	18.04	-48.55
Gross Profit, 3 Yr. CAGR %	23.32	16.31	28.38	17.08	-40.44
EBITDA, 3 Yr. CAGR %	-45.2	-47.22	-61.84	-0.56	93.09
EBITA, 3 Yr. CAGR %	-6.92	-44.86	-54.37	6.72	57.8
EBIT, 3 Yr. CAGR %	-5.02	-37.96	-47.56	8.44	40.54
Earnings From Cont. Operations, 3 Yr. CAGR %	18.21	-23.24	-9.86	16.17	27.94
Net Income, 3 Yr. CAGR %	14.66	-38.67	6.99	-26.02	67.18
Normalized Net Income, 3 Yr. CAGR %	33.35	-23.37	-26.85	17.87	11.71
Diluted EPS Before Extra, 3 Yr. CAGR %	-9.84	-44.64	-22.83	-1.14	22.49
Accounts Receivable, 3 Yr. CAGR %	22.68	45.24	55.56	2.99	-50.99
Inventory, 3 Yr. CAGR %	45.08	50.06	41.98	5.57	-24.31
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.25	-42.99	-43.11	-50.56	-12.82
Total Assets, 3 Yr. CAGR %	-2.67	-7.75	-6.69	-19.63	-27.06
Tangible Book Value, 3 Yr. CAGR %	-5.01	-6.02	-3.96	-15.65	-4.92
Common Equity, 3 Yr. CAGR %	-17.74	-15.6	-28.43	-7.93	3.46
Cash From Operations, 3 Yr. CAGR %	-31.57	365.92	12.53	44.43	20.65
Capital Expenditures, 3 Yr. CAGR %	22.32	27.35	-9.93	-7.47	14.25
Levered Free Cash Flow, 3 Yr. CAGR %	-21.98	188.48	37.15	38.73	-63.4
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.43	96.57	19.42	329.91	-42.93
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	24.66	30.88	29.25	27.46	-13.38
Gross Profit, 5 Yr. CAGR %	14.41	9.28	15.54	13.94	-17.41
EBITDA, 5 Yr. CAGR %	-11.59	3.52	-35.03	-13.52	-10.62
EBITA, 5 Yr. CAGR %	6.03	-6.41	-30.11	-17.93	-14.24
EBIT, 5 Yr. CAGR %	7.32	0.45	-24.03	-15.01	-14.24
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.18	-19.7	-6.6	-10.47	-0.12
Net Income, 5 Yr. CAGR %	-2.14	-30.37	-3.54	-8.97	8.68
Normalized Net Income, 5 Yr. CAGR %	1.77	-2.22	8.73	-9.03	-10.69
Diluted EPS Before Extra, 5 Yr. CAGR %	-16.89	-34.74	-22.12	-28.93	-13.36
Accounts Receivable, 5 Yr. CAGR %	18.43	22.57	14.79	21.6	-12.37
Inventory, 5 Yr. CAGR %	17.2	13.81	25.31	32.82	3.36
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.8	-30.16	-30.71	-34.02	-33.33
Total Assets, 5 Yr. CAGR %	-2.34	-7.2	-9.92	-11.86	-17.78
Tangible Book Value, 5 Yr. CAGR %	-2.26	-12.23	-9.19	-5.19	-7.34
Common Equity, 5 Yr. CAGR %	-28.67	-8.05	-20.27	-23.15	4.94
Cash From Operations, 5 Yr. CAGR %	-17.3	5.44	4.63	157.49	11.48
Capital Expenditures, 5 Yr. CAGR %	-2.17	-16.05	-12.63	32.47	0.51
Levered Free Cash Flow, 5 Yr. CAGR %	-30.62	21.94	24.37	47.66	-22.78
Unlevered Free Cash Flow, 5 Yr. CAGR %	-17.67	34.89	29.45	9.25	-13.11