Cash flow Econocom Group SE

Equities

ECONB

BE0974313455

IT Services & Consulting

Market Closed - Euronext Bruxelles Other stock markets 11:35:01 2024-12-06 am EST			5-day change	1st Jan Change
1.924 ^EUR	-2.43%		-3.61%	-25.14%

Oct. 22	Econocom: presents its new Executive Committee	CF
Sep. 12	Vogo Appoints CFO	MT

6760d77fbd981760f6856dd242f53.PECUNbzalibHkbPTlsIxC-QBj0PEupUE9rnAr3p33eM.WDPYdNec-xKh4smBwKFAeLV4yjSX0NAxr9-0mTY7v7RXLqQChbjvC4Pe9g

Published financial data: ECONOCOM GROUP SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.93B	2.56B	2.5B	2.72B	2.68B
Total Revenues	2.93B	2.56B	2.5B	2.72B	2.68B
Cost of Goods Sold, Total	2.59B	2.28B	2.22B	2.42B	2.4B
Gross Profit	337M	282M	280M	300M	277M
Selling General & Admin Expenses, Total	158M	128M	115M	132M	129M
Provision for Bad Debts	6.4M	-14.5M	-7M	3.8M	-300K
Depreciation & Amortization - (IS)	47.4M	41.1M	35M	22.1M	31.9M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	2.2M	2.3M
Other Operating Expenses	3.8M	600K	4.4M	17.7M	12.3M
Other Operating Expenses, Total	216M	155M	147M	178M	175M
Operating Income	121M	127M	133M	122M	102M
Interest Expense, Total	-14.4M	-13.8M	-11.7M	-12M	-13.1M
Interest And Investment Income	-	-	3.3M	-	-
Net Interest Expenses	-14.4M	-13.8M	-8.4M	-12M	-13.1M
Income (Loss) On Equity Invest.	-	100K	-100K	-	-
Currency Exchange Gains (Loss)	-100K	-1.9M	1.4M	300K	100K
Other Non Operating Income (Expenses)	600K	-1.5M	-2.5M	1.2M	700K
EBT, Excl. Unusual Items	107M	110M	123M	111M	89.9M
Restructuring Charges	-29.8M	-13.6M	-7.8M	-11.1M	-4.3M
Merger & Related Restructuring Charges	-	-	-	-2.3M	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-2.1M	-5.7M	-	-	-
Asset Writedown	-100K	-	-	-2.7M	-
Other Unusual Items	5M	-22.6M	-6.3M	200K	-
EBT, Incl. Unusual Items	80.1M	68M	109M	95.3M	85.6M
Income Tax Expense	22.3M	18.5M	31.7M	22.7M	26.1M
Earnings From Continuing Operations	57.8M	49.5M	77.6M	72.6M	59.5M
Earnings Of Discontinued Operations	-9.2M	700K	-7.4M	-7.3M	3.1M
Net Income to Company	48.6M	50.2M	70.2M	65.3M	62.6M
Minority Interest	-3.9M	-3.4M	-4.7M	-1.5M	900K
Net Income - (IS)	44.7M	46.8M	65.5M	63.8M	63.5M
Net Income to Common Incl Extra Items	44.7M	46.8M	65.5M	63.8M	63.5M
Net Income to Common Excl. Extra Items	53.9M	46.1M	72.9M	71.1M	60.4M
Per Share Items
Net EPS - Basic	0.2	0.22	0.34	0.35	0.36
Basic EPS - Continuing Operations	0.24	0.21	0.38	0.39	0.34
Basic Weighted Average Shares Outstanding	228M	217M	191M	180M	177M
Net EPS - Diluted	0.19	0.21	0.32	0.34	0.36
Diluted EPS - Continuing Operations	0.23	0.21	0.35	0.37	0.34
Diluted Weighted Average Shares Outstanding	254M	241M	216M	201M	178M
Normalized Basic EPS	0.28	0.3	0.38	0.38	0.32
Normalized Diluted EPS	0.25	0.27	0.34	0.34	0.32
Dividend Per Share	0.12	0.12	0.14	0.16	0.16
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	141M	142M	147M	135M	116M
EBITA	127M	132M	137M	127M	110M
EBIT	121M	127M	133M	122M	102M
EBITDAR	168M	-	-	-	-
Effective Tax Rate - (Ratio)	27.84	27.21	29	23.82	30.49
Total Current Taxes	19.6M	15.2M	28.9M	20.4M	15.8M
Total Deferred Taxes	3.8M	3.7M	3.3M	2.3M	10.4M
Normalized Net Income	63.04M	65.29M	72.42M	68M	57.09M
Interest on Long-Term Debt	11.9M	11.2M	9.5M	9.2M	12.6M
Non-Cash Pension Expense	-1.4M	-2.2M	-2.3M	-1.7M	-100K
Supplemental Operating Expense Items
Net Rental Expense, Total	26.9M	-	-	-	-
Imputed Operating Lease Interest Expense	3.51M	-	-	-	-
Imputed Operating Lease Depreciation	23.39M	-	-	-	-
Stock-Based Comp., COGS (Total)	700K	800K	2.7M	5.4M	1.6M
Stock-Based Comp., Other (Total)	-	500K	100K	-	-
Total Stock-Based Compensation	700K	1.3M	2.8M	5.4M	1.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	594M	649M	406M	405M	227M
Total Cash And Short Term Investments	594M	649M	406M	405M	227M
Accounts Receivable, Total	1.04B	849M	746M	837M	740M
Other Receivables	75.2M	57.8M	61.5M	51.4M	44.4M
Total Receivables	1.11B	907M	807M	888M	784M
Inventory	60.1M	76.7M	123M	104M	80.1M
Prepaid Expenses	27.6M	30.4M	27.1M	36.3M	32.6M
Other Current Assets, Total	265M	133M	131M	188M	310M
Total Current Assets	2.06B	1.8B	1.49B	1.62B	1.43B
Gross Property Plant And Equipment	189M	238M	237M	263M	230M
Accumulated Depreciation	-96.8M	-148M	-150M	-167M	-144M
Net Property Plant And Equipment	92.5M	89.9M	86.8M	95.6M	86M
Long-term Investments	14.3M	13.9M	16.3M	9.1M	9.9M
Goodwill	513M	500M	495M	554M	525M
Other Intangibles, Total	57.2M	47.6M	43.9M	43.3M	46.1M
Loans Receivable Long-Term	9M	19.7M	20.6M	19.7M	19.4M
Deferred Tax Assets Long-Term	37.4M	37.8M	38M	27.7M	24.7M
Other Long-Term Assets, Total	155M	156M	144M	132M	135M
Total Assets	2.94B	2.66B	2.34B	2.5B	2.28B
Liabilities
Accounts Payable, Total	757M	775M	707M	741M	648M
Accrued Expenses, Total	212M	204M	169M	184M	162M
Short-term Borrowings	22.3M	19.7M	68.3M	43.7M	46.1M
Current Portion of Long-Term Debt	341M	259M	79.2M	196M	23.2M
Current Portion of Leases	53.1M	48.4M	40.6M	36.4M	35.4M
Current Income Taxes Payable	18M	13.2M	17.2M	10.7M	12.7M
Unearned Revenue Current, Total	203M	185M	171M	173M	154M
Other Current Liabilities	183M	127M	146M	146M	196M
Total Current Liabilities	1.79B	1.63B	1.4B	1.53B	1.28B
Long-Term Debt	393M	274M	261M	267M	314M
Long-Term Leases	96.5M	85.3M	82.1M	65.1M	45.2M
Pension & Other Post Retirement Benefits	37.4M	41.8M	36.5M	30.5M	27.3M
Deferred Tax Liability Non Current	10.2M	11.8M	16.3M	12.8M	19.3M
Other Non Current Liabilities	127M	142M	99.3M	139M	122M
Total Liabilities	2.45B	2.19B	1.89B	2.05B	1.8B
Common Stock, Total	23.5M	23.5M	23.7M	23.7M	23.7M
Additional Paid In Capital	214M	214M	195M	171M	143M
Retained Earnings	44.7M	46.8M	65.5M	63.8M	63.4M
Treasury Stock	-90.9M	-23M	-106M	-131M	-16.6M
Comprehensive Income and Other	219M	145M	208M	263M	201M
Total Common Equity	410M	406M	386M	390M	414M
Minority Interest	73.7M	66.9M	58.4M	66.6M	60.8M
Total Equity	484M	473M	444M	457M	475M
Total Liabilities And Equity	2.94B	2.66B	2.34B	2.5B	2.28B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	222M	211M	185M	179M	173M
ECS Total Common Shares Outstanding	222M	211M	185M	179M	173M
Book Value / Share	1.85	1.92	2.09	2.18	2.4
Tangible Book Value	-160M	-141M	-153M	-207M	-157M
Tangible Book Value Per Share	-0.72	-0.67	-0.83	-1.16	-0.91
Total Debt	905M	686M	531M	608M	464M
Net Debt	312M	37.2M	126M	203M	237M
Debt Equivalent of Unfunded Proj. Benefit Obligation	45M	43.3M	38M	30.4M	31.8M
Debt Equivalent Oper. Leases	215M	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	73.7M	66.9M	58.4M	66.6M	60.8M
Equity Method Investments, Total	500K	500K	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	56.3M	77.9M	69.5M	98.8M	80.5M
Inventories - Others	12.9M	8M	60.2M	12.7M	9.3M
Land - (BS)	25M	31.2M	29.9M	35.1M	34.2M
Machinery, Total	73.1M	68.4M	68.8M	72.5M	67M
Full Time Employees	10.2K	9.12K	8.07K	8.75K	8.81K
Assets under Capital Lease - Gross	1.1M	1M	800K	800K	-
Assets under Capital Lease - Accumulated Depreciation	-1M	-900K	-800K	-800K	-
Accumulated Allowance for Doubtful Accounts (Supple)	63.9M	70.8M	50.9M	47.2M	44.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	44.7M	46.8M	65.5M	63.8M	63.5M
Depreciation & Amortization - CF	39.3M	31.6M	29.8M	28.1M	26.6M
Amortization of Goodwill and Intangible Assets - (CF)	5.7M	5.3M	3.7M	5.1M	7.5M
Depreciation & Amortization, Total	45M	36.9M	33.5M	33.2M	34.1M
Amortization of Deferred Charges, Total - (CF)	12.8M	7.1M	6.2M	4.8M	5.2M
(Gain) Loss From Sale Of Asset	2.6M	4.4M	-	100K	-
(Gain) Loss on Sale of Investments - (CF)	1M	-	-	600K	-
Asset Writedown & Restructuring Costs	3.2M	-2.7M	5M	-1.3M	-4.2M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	700K	1.3M	1.9M	5.4M	1.6M
Provision and Write-off of Bad Debts	7M	-14.5M	-19.5M	-5.7M	300K
Net Cash From Discontinued Operations	-10.5M	3.9M	-4.5M	-9.5M	-17M
Other Operating Activities, Total	-6.5M	13.8M	15.2M	14M	20.4M
Change In Accounts Receivable	114M	132M	108M	-52.9M	9.7M
Change In Inventories	-13.5M	-16.9M	-43.1M	43.8M	27.1M
Change In Accounts Payable	-71.9M	20.3M	-7.4M	9.4M	-95.1M
Change in Unearned Revenues	-	-	-	9.2M	-3.9M
Change In Income Taxes	500K	-1.3M	-102M	-100K	600K
Change in Other Net Operating Assets	-14.2M	5M	800K	-300K	-8M
Cash from Operations	115M	236M	58.9M	114M	34.3M
Capital Expenditure	-23M	-17.1M	-18.8M	-23.9M	-23M
Sale of Property, Plant, and Equipment	1.9M	3.5M	3.5M	300K	200K
Cash Acquisitions	-700K	-	-	-58.9M	-8M
Divestitures	-	140M	6.2M	-	-
Investment in Marketable and Equity Securities, Total	-5.3M	-1.3M	2.5M	-8.3M	-500K
Cash from Investing	-27.1M	126M	-6.6M	-90.8M	-31.3M
Short Term Debt Issued, Total	23.6M	-	-	11M	1M
Long-Term Debt Issued, Total	1.8M	45.1M	175M	249M	315M
Total Debt Issued	25.4M	45.1M	175M	260M	316M
Short Term Debt Repaid, Total	-	-160M	-97.5M	-2.8M	-12.5M
Long-Term Debt Repaid, Total	-74.7M	-106M	-264M	-235M	-416M
Total Debt Repaid	-74.7M	-266M	-361M	-238M	-429M
Issuance of Common Stock	700K	-	4.6M	1.8M	-
Repurchase of Common Stock	-26M	-25.6M	-82.9M	-47.1M	-18.5M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-43.4M	-40.9M	-31.8M	-6.8M	-49.7M
Cash from Financing	-118M	-287M	-296M	-29.3M	-181M
Foreign Exchange Rate Adjustments	600K	-1.9M	1.4M	2.2M	1M
Miscellaneous Cash Flow Adjustments	-	-100K	100K	-	-
Net Change in Cash	-29.2M	72.9M	-243M	-3.4M	-177M
Supplemental Items
Cash Interest Paid	16M	15.2M	7.9M	6.8M	21.5M
Cash Income Tax Paid (Refund)	29.6M	14.2M	25.3M	23M	13.8M
Levered Free Cash Flow	-11.68M	348M	64.21M	3.96M	1.09M
Unlevered Free Cash Flow	-2.68M	357M	71.52M	11.46M	9.28M
Change In Net Working Capital	114M	-249M	35.3M	84.1M	72.5M
Net Debt Issued / Repaid	-49.3M	-221M	-186M	22.8M	-113M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.54	2.84	3.33	3.14	2.67
Return on Total Capital	5.52	6.23	7.79	7.48	6.38
Return On Equity %	11.85	10.35	16.92	16.21	12.78
Return on Common Equity	13.36	11.29	18.41	18.45	15.02
Margin Analysis
Gross Profit Margin %	11.5	11.02	11.18	11.03	10.34
SG&A Margin	5.4	4.99	4.58	4.87	4.81
EBITDA Margin %	4.8	5.55	5.87	4.98	4.34
EBITA Margin %	4.33	5.17	5.46	4.66	4.09
EBIT Margin %	4.13	4.96	5.31	4.48	3.81
Income From Continuing Operations Margin %	1.97	1.93	3.1	2.67	2.22
Net Income Margin %	1.53	1.83	2.62	2.35	2.37
Net Avail. For Common Margin %	1.84	1.8	2.91	2.62	2.25
Normalized Net Income Margin	2.15	2.55	2.89	2.5	2.13
Levered Free Cash Flow Margin	-0.4	13.6	2.56	0.15	0.04
Unlevered Free Cash Flow Margin	-0.09	13.94	2.86	0.42	0.35
Asset Turnover
Asset Turnover	0.98	0.91	1	1.12	1.12
Fixed Assets Turnover	41.48	28.06	28.35	29.81	29.53
Receivables Turnover (Average Receivables)	2.62	2.71	3.14	3.43	3.4
Inventory Turnover (Average Inventory)	46.17	33.29	22.32	21.38	26.17
Short Term Liquidity
Current Ratio	1.15	1.1	1.07	1.06	1.12
Quick Ratio	0.95	0.95	0.87	0.85	0.79
Operating Cash Flow to Current Liabilities	0.06	0.14	0.04	0.07	0.03
Days Sales Outstanding (Average Receivables)	139.12	134.85	116.19	106.27	107.33
Days Outstanding Inventory (Average Inventory)	7.91	11	16.35	17.07	13.95
Average Days Payable Outstanding	113.16	122.25	119.16	110.16	106.52
Cash Conversion Cycle (Average Days)	33.86	23.59	13.38	13.17	14.75
Long Term Solvency
Total Debt/Equity	187.1	145.14	119.6	133.15