Cash flow Puuilo Oyj

Equities

PUUILO

FI4000507124

Department Stores

Real-time Estimate Cboe Europe Other stock markets 04:36:08 2026-03-12 am EDT			5-day change	1st Jan Change
11.78 ^EUR	-0.88%		-1.01%	-6.94%

Jan. 19	UB Finland up 4.1 percent in December – Increased Holdings in Valmet and Kojamo	FW
Jan. 13	Lannebo Norden Up 0.2 Percent in December – Adds Puuilo and Rugvista to Portfolio	FW

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Published financial data: PUUILO OYJ

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2021	2022	2023	2024	2025
Revenues	239M	270M	296M	338M	383M
Total Revenues	239M	270M	296M	338M	383M
Cost of Goods Sold, Total	152M	173M	193M	219M	244M
Gross Profit	87.14M	96.7M	104M	119M	140M
Selling General & Admin Expenses, Total	26.76M	31.9M	34.5M	41.5M	45.3M
Depreciation & Amortization - (IS)	9.75M	11.5M	13.5M	15.2M	19M
Other Operating Expenses	9.38M	8.9M	8.7M	9.9M	10.4M
Other Operating Expenses, Total	45.89M	52.3M	56.7M	66.6M	74.7M
Operating Income	41.25M	44.4M	47M	52.8M	65M
Interest Expense, Total	-5.04M	-3.2M	-2.6M	-5M	-5.4M
Interest And Investment Income	8K	-	-	900K	600K
Net Interest Expenses	-5.03M	-3.2M	-2.6M	-4.1M	-4.8M
Other Non Operating Income (Expenses)	-505K	-1.2M	-500K	-300K	-300K
EBT, Excl. Unusual Items	35.71M	40M	43.9M	48.4M	59.9M
Gain (Loss) On Sale Of Assets	255K	-	-	-	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	35.97M	40M	43.9M	48.4M	59.9M
Income Tax Expense	7.18M	8.1M	8.8M	9.7M	12M
Earnings From Continuing Operations	28.78M	31.9M	35.1M	38.7M	47.9M
Net Income to Company	28.78M	31.9M	35.1M	38.7M	47.9M
Net Income - (IS)	28.78M	31.9M	35.1M	38.7M	47.9M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	28.78M	31.9M	35.1M	38.7M	47.9M
Net Income to Common Excl. Extra Items	28.78M	31.9M	35.1M	38.7M	47.9M
Per Share Items
Net EPS - Basic	0.36	0.38	0.41	0.46	0.57
Basic EPS - Continuing Operations	0.36	0.38	0.41	0.46	0.57
Basic Weighted Average Shares Outstanding	80.22M	83M	84.59M	84.31M	84.22M
Net EPS - Diluted	0.36	0.38	0.41	0.46	0.57
Diluted EPS - Continuing Operations	0.36	0.38	0.41	0.46	0.57
Diluted Weighted Average Shares Outstanding	80.22M	83M	84.59M	84.31M	84.22M
Normalized Basic EPS	0.28	0.3	0.32	0.36	0.44
Normalized Diluted EPS	0.28	0.3	0.32	0.36	0.44
Dividend Per Share	-	0.3	0.34	0.38	0.46
Payout Ratio	174.15	-	72.36	74.16	66.81
Supplemental Items
EBITDA	50.99M	47.2M	50.7M	56.1M	69.2M
EBITA	41.25M	46.3M	49.7M	55M	67.8M
EBIT	41.25M	44.4M	47M	52.8M	65M
Effective Tax Rate - (Ratio)	19.97	20.25	20.05	20.04	20.03
Total Current Taxes	7.5M	8.1M	9.2M	10.2M	12.6M
Total Deferred Taxes	-315K	-	-400K	-500K	-600K
Normalized Net Income	22.32M	25M	27.44M	30.25M	37.44M
Interest on Long-Term Debt	1.19M	1.3M	3.1M	5.4M	5.8M
Supplemental Operating Expense Items
Marketing Expenses	4.09M	5.5M	5.5M	6.1M	6.8M
Selling and Marketing Expenses	4.09M	5.5M	5.5M	6.1M	6.8M
Maintenance & Repair Expenses, Total	-	2.8M	3.4M	4.5M	4.9M
Stock-Based Comp., Other (Total)	-	-	200K	500K	-
Total Stock-Based Compensation	-	-	200K	500K	-

Fiscal Period: January	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	11.15M	16.5M	28.8M	21.5M	18.3M
Total Cash And Short Term Investments	11.15M	16.5M	28.8M	21.5M	18.3M
Accounts Receivable, Total	4.16M	4M	4.1M	5.3M	5.9M
Other Receivables	1.07M	-	-	-	-
Total Receivables	5.23M	4M	4.1M	5.3M	5.9M
Inventory	58.51M	92.2M	89.9M	93.1M	116M
Prepaid Expenses	-	1.4M	1.3M	300K	400K
Other Current Assets, Total	-	-	-	1.5M	1.9M
Total Current Assets	74.9M	114M	124M	122M	142M
Gross Property Plant And Equipment	48.95M	50.4M	60.2M	81.6M	95.2M
Accumulated Depreciation	-2.82M	-3.7M	-4.6M	-5.7M	-7.2M
Net Property Plant And Equipment	46.14M	46.7M	55.6M	75.9M	88M
Goodwill	33.54M	33.5M	33.5M	33.5M	33.5M
Other Intangibles, Total	18.23M	19.4M	17.4M	16.4M	16M
Deferred Tax Assets Long-Term	624K	500K	700K	1M	1.3M
Other Long-Term Assets, Total	-	100K	-	-	-
Total Assets	173M	214M	231M	248M	281M
Liabilities
Accounts Payable, Total	15.17M	13.2M	16.1M	21.2M	24M
Accrued Expenses, Total	5.57M	5.8M	6.2M	7.5M	7.9M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	10M	-	-	-	-
Current Portion of Leases	7.25M	8M	9.9M	14.6M	15M
Current Income Taxes Payable	3.5M	4.1M	2M	2.7M	2.8M
Unearned Revenue Current, Total	151K	300K	300K	300K	400K
Other Current Liabilities	4.96M	5.1M	3.5M	5.4M	7.3M
Total Current Liabilities	46.59M	36.5M	38M	51.7M	57.4M
Long-Term Debt	79.89M	69.8M	69.9M	50M	50M
Long-Term Leases	35.81M	36.3M	43.5M	58.2M	68.1M
Deferred Tax Liability Non Current	3.61M	3.2M	3M	2.7M	2.5M
Other Non Current Liabilities	617K	700K	800K	900K	1M
Total Liabilities	167M	146M	155M	164M	179M
Common Stock, Total	3K	100K	100K	100K	100K
Retained Earnings	6.91M	38.7M	47.1M	55.9M	72.7M
Comprehensive Income and Other	-1K	29M	28.9M	29M	29M
Total Common Equity	6.91M	67.8M	76.1M	85M	102M
Total Equity	6.91M	67.8M	76.1M	85M	102M
Total Liabilities And Equity	173M	214M	231M	248M	281M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	80.22M	84.78M	84.46M	84.22M	84.22M
ECS Total Common Shares Outstanding	80.22M	84.78M	84.46M	84.22M	84.22M
Book Value / Share	0.09	0.8	0.9	1.01	1.21
Tangible Book Value	-44.86M	14.9M	25.2M	35.1M	52.3M
Tangible Book Value Per Share	-0.56	0.18	0.3	0.42	0.62
Total Debt	133M	114M	123M	123M	133M
Net Debt	122M	97.6M	94.5M	101M	115M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	57.02M	90.9M	89.2M	91.7M	114M
Inventories - Others	1.5M	1.3M	700K	1.4M	1.5M
Land - (BS)	-	-	-	-	-
Buildings, Total	753K	800K	800K	800K	800K
Machinery, Total	4.3M	5.2M	6.4M	8.8M	12.3M
Full Time Employees	595	663	693	791	849

Fiscal Period: January	2021	2022	2023	2024	2025
Net Income	28.78M	31.9M	35.1M	38.7M	47.9M
Depreciation & Amortization - CF	9.75M	9.6M	10.8M	13M	16.2M
Amortization of Goodwill and Intangible Assets - (CF)	-	1.9M	2.7M	2.2M	2.8M
Depreciation & Amortization, Total	9.75M	11.5M	13.5M	15.2M	19M
(Gain) Loss From Sale Of Asset	-256K	-	-	-	-
Other Operating Activities, Total	1.68M	1.2M	-2.1M	700K	400K
Change In Accounts Receivable	-2.16M	-100K	-	-1.7M	-1M
Change In Inventories	-8.31M	-33.7M	2.3M	-3.2M	-22.4M
Change In Accounts Payable	7.51M	-1.1M	1.6M	8.3M	5.2M
Cash from Operations	37M	9.7M	50.4M	58M	49.1M
Capital Expenditure	-2.1M	-1.3M	-1.8M	-3.5M	-4.8M
Sale of Property, Plant, and Equipment	315K	-	-	100K	-
Sale (Purchase) of Intangible assets	-864K	-3.1M	-800K	-1.2M	-2.3M
Other Investing Activities, Total	-	-	-	-100K	-
Cash from Investing	-2.65M	-4.4M	-2.6M	-4.7M	-7.1M
Long-Term Debt Issued, Total	100M	70M	8M	-	-
Total Debt Issued	100M	70M	8M	-	-
Long-Term Debt Repaid, Total	-80.77M	-98.6M	-16.6M	-30.3M	-13.1M
Total Debt Repaid	-80.77M	-98.6M	-16.6M	-30.3M	-13.1M
Issuance of Common Stock	-	30M	-	-	-
Repurchase of Common Stock	-1.97M	-	-1.5M	-1.7M	-
Common Dividends Paid	-50.13M	-	-25.4M	-28.7M	-32M
Common & Preferred Stock Dividends Paid	-50.13M	-	-25.4M	-28.7M	-32M
Other Financing Activities, Total	-	-1.4M	-100K	-	-
Cash from Financing	-32.87M	0	-35.6M	-60.7M	-45.1M
Miscellaneous Cash Flow Adjustments	-1K	100K	100K	100K	-
Net Change in Cash	1.48M	5.4M	12.3M	-7.3M	-3.1M
Supplemental Items
Cash Interest Paid	4.46M	3.3M	2.5M	5M	5.5M
Cash Income Tax Paid (Refund)	4.56M	7.4M	11.4M	9.5M	12.4M
Levered Free Cash Flow	29.56M	-1.95M	40.75M	44.98M	30.95M
Unlevered Free Cash Flow	32.71M	50K	42.38M	48.1M	34.32M
Change In Net Working Capital	-145K	34.8M	-1.9M	-4.1M	18.2M
Net Debt Issued / Repaid	19.23M	-28.6M	-8.6M	-30.3M	-13.1M

Fiscal Period: January	2021	2022	2023	2024	2025
Profitability
Return on Assets	15.67	14.32	13.18	13.76	15.35
Return on Total Capital	18.92	17.25	15.41	16.21	18.35
Return On Equity %	155.05	85.41	48.78	48.04	51.28
Return on Common Equity	155.05	85.41	48.78	48.04	51.28
Margin Analysis
Gross Profit Margin %	36.5	35.8	34.99	35.28	36.44
SG&A Margin	11.21	11.81	11.64	12.26	11.82
EBITDA Margin %	21.36	17.48	17.11	16.58	18.05
EBITA Margin %	17.28	17.14	16.77	16.25	17.68
EBIT Margin %	17.28	16.44	15.86	15.6	16.95
Income From Continuing Operations Margin %	12.06	11.81	11.84	11.44	12.49
Net Income Margin %	12.06	11.81	11.84	11.44	12.49
Net Avail. For Common Margin %	12.06	11.81	11.84	11.44	12.49
Normalized Net Income Margin	9.35	9.26	9.26	8.94	9.76
Levered Free Cash Flow Margin	12.38	-0.72	13.75	13.29	8.07
Unlevered Free Cash Flow Margin	13.7	0.02	14.3	14.21	8.95
Asset Turnover
Asset Turnover	1.45	1.39	1.33	1.41	1.45
Fixed Assets Turnover	5.56	5.82	5.79	5.15	4.68
Receivables Turnover (Average Receivables)	73.49	65.88	73.19	72	68.46
Inventory Turnover (Average Inventory)	2.79	2.3	2.12	2.39	2.34
Short Term Liquidity
Current Ratio	1.61	3.13	3.27	2.35	2.47
Quick Ratio	0.35	0.56	0.87	0.52	0.42
Operating Cash Flow to Current Liabilities	0.79	0.27	1.33	1.12	0.86
Days Sales Outstanding (Average Receivables)	4.98	5.54	4.99	5.07	5.35
Days Outstanding Inventory (Average Inventory)	131.25	158.61	172.46	152.5	156.64
Average Days Payable Outstanding	29.92	25.03	28.08	30.64	31.08
Cash Conversion Cycle (Average Days)	106.31	139.12	149.36	126.93	130.9
Long Term Solvency
Total Debt/Equity	1.92K	168.29	162.02	144.47	130.75
Total Debt / Total Capital	95.06	62.73	61.84	59.1	56.66
LT Debt/Equity	1.67K	156.49	149.01	127.29	116.01
Long-Term Debt / Total Capital	82.73	58.33	56.87	52.07	50.28
Total Liabilities / Total Assets	96.02	68.36	67.1	65.79	63.75
EBIT / Interest Expense	8.19	13.88	18.08	10.56	12.04
EBITDA / Interest Expense	10.12	17.47	23.27	13.6	15.56
(EBITDA - Capex) / Interest Expense	9.71	17.06	22.58	12.9	14.67
Total Debt / EBITDA	2.61	2.04	2.04	1.81	1.58
Net Debt / EBITDA	2.39	1.75	1.56	1.49	1.37
Total Debt / (EBITDA - Capex)	2.72	2.09	2.1	1.9	1.68
Net Debt / (EBITDA - Capex)	2.49	1.79	1.61	1.57	1.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	40.03	13.15	9.74	14.17	13.3
Gross Profit, 1 Yr. Growth %	44.8	14.71	7.24	15.14	17
EBITDA, 1 Yr. Growth %	59.75	8.51	7.42	10.65	23.35
EBITA, 1 Yr. Growth %	79.74	8.18	7.34	10.66	23.27
EBIT, 1 Yr. Growth %	79.74	7.77	5.86	12.34	23.11
Earnings From Cont. Operations, 1 Yr. Growth %	88.93	10.76	10.03	10.26	23.77
Net Income, 1 Yr. Growth %	88.93	10.76	10.03	10.26	23.77
Normalized Net Income, 1 Yr. Growth %	87.49	12.04	9.75	10.25	23.76
Diluted EPS Before Extra, 1 Yr. Growth %	92.28	5.84	7.89	11.95	23.91
Accounts Receivable, 1 Yr. Growth %	77.41	-4.76	2.5	29.27	11.32
Inventory, 1 Yr. Growth %	16.55	57.61	-2.49	3.56	24.06
Net Property, Plant and Equip., 1 Yr. Growth %	16.15	1.3	19.06	36.51	15.94
Total Assets, 1 Yr. Growth %	11.51	23.59	7.93	7.44	13
Tangible Book Value, 1 Yr. Growth %	101.09	-133.26	69.13	39.29	49
Common Equity, 1 Yr. Growth %	-77.14	882.61	12.24	11.7	19.76
Cash From Operations, 1 Yr. Growth %	53.45	-73.78	419.59	15.08	-15.34
Capital Expenditures, 1 Yr. Growth %	43.57	-38.1	38.46	94.44	37.14
Levered Free Cash Flow, 1 Yr. Growth %	54.88	-106.6	-2.19K	10.37	-30.41
Unlevered Free Cash Flow, 1 Yr. Growth %	54.57	-99.85	84.65K	13.51	-27.89
Dividend Per Share, 1 Yr. Growth %	-	-	13.33	11.76	21.05
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	32.38	25.87	11.43	11.93	13.73
Gross Profit, 2 Yr. CAGR %	35.96	26.76	10.91	11.12	16.07
EBITDA, 2 Yr. CAGR %	42.32	21.6	7.96	9.02	16.83
EBITA, 2 Yr. CAGR %	50.4	42.04	7.76	8.99	16.8
EBIT, 2 Yr. CAGR %	50.4	39.09	6.81	9.05	17.6
Earnings From Cont. Operations, 2 Yr. CAGR %	52.93	44.7	10.4	10.14	16.82
Net Income, 2 Yr. CAGR %	52.93	44.7	10.4	10.14	16.82
Normalized Net Income, 2 Yr. CAGR %	50.51	44.91	10.89	10	16.81
Diluted EPS Before Extra, 2 Yr. CAGR %	66.14	42.7	6.86	9.9	17.78
Accounts Receivable, 2 Yr. CAGR %	34.49	30.69	-1.2	15.11	19.96
Inventory, 2 Yr. CAGR %	11.97	35.52	23.97	0.49	13.35
Net Property, Plant and Equip., 2 Yr. CAGR %	13.43	8.43	9.82	27.49	25.81
Total Assets, 2 Yr. CAGR %	9.52	17.39	15.5	7.68	10.18
Tangible Book Value, 2 Yr. CAGR %	83.35	-18.27	-25	53.48	44.06
Common Equity, 2 Yr. CAGR %	-58.55	49.78	232.1	11.97	15.66
Cash From Operations, 2 Yr. CAGR %	96.51	-36.57	16.71	144.53	-1.3
Capital Expenditures, 2 Yr. CAGR %	14.9	-5.7	-7.42	64.08	63.3
Levered Free Cash Flow, 2 Yr. CAGR %	-	-68.04	17.4	380.25	-12.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-95.14	13.86	3K	-10
Dividend Per Share, 2 Yr. CAGR %	-	-8.71	-	12.55	16.32
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	25.63	20.24	12.34	12.39
Gross Profit, 3 Yr. CAGR %	-	27.06	19.89	12.3	13.05
EBITDA, 3 Yr. CAGR %	-	23.31	16.67	8.85	13.6
EBITA, 3 Yr. CAGR %	-	36.42	29.38	8.72	13.56
EBIT, 3 Yr. CAGR %	-	34.53	26.99	8.62	13.55
Earnings From Cont. Operations, 3 Yr. CAGR %	-	37.36	32.07	10.35	14.51
Net Income, 3 Yr. CAGR %	-	37.36	32.07	10.35	14.51
Normalized Net Income, 3 Yr. CAGR %	-	36.39	32.09	10.68	14.41
Diluted EPS Before Extra, 3 Yr. CAGR %	-	42.98	30	8.53	14.39
Accounts Receivable, 3 Yr. CAGR %	-	20.31	20.52	8.06	13.83
Inventory, 3 Yr. CAGR %	-	25.48	21.43	16.75	7.8
Net Property, Plant and Equip., 3 Yr. CAGR %	-	9.2	11.86	18.08	23.52
Total Assets, 3 Yr. CAGR %	-	14.01	14.15	12.74	9.43
Tangible Book Value, 3 Yr. CAGR %	-	3.74	4.15	-7.81	51.97
Common Equity, 3 Yr. CAGR %	-	19.02	36.05	130.95	14.51
Cash From Operations, 3 Yr. CAGR %	-	0.42	27.86	16.16	71.7
Capital Expenditures, 3 Yr. CAGR %	-	-6.49	7.18	18.56	54.56
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	28.77	15.01	151.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	26.04	13.74	782.16
Dividend Per Share, 3 Yr. CAGR %	-	16.45	-1.89	-	15.31
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	19.96	17.6
Gross Profit, 5 Yr. CAGR %	-	-	-	20.43	18.35
EBITDA, 5 Yr. CAGR %	-	-	-	17.38	16.74
EBITA, 5 Yr. CAGR %	-	-	-	24.71	24.19
EBIT, 5 Yr. CAGR %	-	-	-	23.69	23.15
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	25.75	25.75
Net Income, 5 Yr. CAGR %	-	-	-	25.75	25.75
Normalized Net Income, 5 Yr. CAGR %	-	-	-	25.15	25.75
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	28.7	24.97
Accounts Receivable, 5 Yr. CAGR %	-	-	-	18.2	20.3
Inventory, 5 Yr. CAGR %	-	-	-	14.81	18.13
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	16.18	17.25
Total Assets, 5 Yr. CAGR %	-	-	-	11.44	12.54
Tangible Book Value, 5 Yr. CAGR %	-	-	-	21.34	18.58
Common Equity, 5 Yr. CAGR %	-	-	-	16.15	27.49
Cash From Operations, 5 Yr. CAGR %	-	-	-	43.35	15.29
Capital Expenditures, 5 Yr. CAGR %	-	-	-	17.09	26.84
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	10.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	10.16
Dividend Per Share, 5 Yr. CAGR %	-	-	-	14.87	5.02