Cash flow Reply S.p.A.

Equities

REY

IT0005282865

IT Services & Consulting

Market Closed - Borsa Italiana Other stock markets 11:45:00 2026-01-16 am EST			5-day change	1st Jan Change
112.40 ^EUR	-0.18%		-6.49%	-2.01%

Dec. 18	Reply Recognized as Microsoft Azure Expert Managed Services Provider for the Sixth Consecutive Year	CI
Dec. 09	Reply Achieves the AWS Agentic AI Specialization	CI

24b417c6255f1.DGAqGKSL67irvs9hDWUNb3lOecdfj47RFi79SHvNsRQ.VAxTSe7egfDS6JcZdApdLCsaAIwWx-eOckKFFxS_1FVHBRlx_aa8z5j6gg

Published financial data: REPLY S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.25B	1.48B	1.89B	2.12B	2.3B
Other Revenues, Total	19.4M	17.63M	19.45M	23.95M	33.46M
Total Revenues	1.27B	1.5B	1.91B	2.14B	2.33B
Cost of Goods Sold, Total	1.06B	1.24B	1.61B	1.78B	1.88B
Gross Profit	211M	262M	296M	362M	451M
Selling General & Admin Expenses, Total	3.85M	4.69M	6.72M	8.81M	9.61M
Depreciation & Amortization - (IS)	42.44M	48.39M	58.61M	75.2M	84.93M
Other Operating Expenses	-448K	-5.2M	-50.67M	1.48M	31.15M
Other Operating Expenses, Total	45.84M	47.88M	14.66M	85.5M	126M
Operating Income	165M	214M	282M	277M	326M
Interest Expense, Total	-4.48M	-4.79M	-5.94M	-9.29M	-9.31M
Interest And Investment Income	640K	616K	1.77M	6.44M	12.63M
Net Interest Expenses	-3.84M	-4.18M	-4.17M	-2.85M	3.31M
Currency Exchange Gains (Loss)	-161K	447K	1.54M	-3.58M	3.63M
Other Non Operating Income (Expenses)	-4.72M	-87K	1.26M	-1.92M	-4.9M
EBT, Excl. Unusual Items	157M	211M	280M	269M	328M
Gain (Loss) On Sale Of Investments	1.24M	7.81M	-15.41M	-12.81M	-19.23M
Other Unusual Items	4.04M	-5.11M	3.77M	15.86M	4.74M
EBT, Incl. Unusual Items	162M	213M	269M	272M	313M
Income Tax Expense	37.85M	60.87M	76.51M	83.12M	99.46M
Earnings From Continuing Operations	124M	152M	192M	188M	214M
Net Income to Company	124M	152M	192M	188M	214M
Minority Interest	-608K	-1.74M	-1.17M	-1.76M	-2.63M
Net Income - (IS)	124M	151M	191M	187M	211M
Net Income to Common Incl Extra Items	124M	151M	191M	187M	211M
Net Income to Common Excl. Extra Items	124M	151M	191M	187M	211M
Per Share Items
Net EPS - Basic	3.3	4.03	5.13	5.01	5.65
Basic EPS - Continuing Operations	3.3	4.03	5.13	5.01	5.65
Basic Weighted Average Shares Outstanding	37.41M	37.36M	37.25M	37.28M	37.38M
Net EPS - Diluted	3.3	4.03	5.13	5.01	5.65
Diluted EPS - Continuing Operations	3.3	4.03	5.13	5.01	5.65
Diluted Weighted Average Shares Outstanding	37.41M	37.36M	37.25M	37.28M	37.38M
Normalized Basic EPS	2.6	3.48	4.67	4.46	5.41
Normalized Diluted EPS	2.6	3.48	4.67	4.46	5.41
Dividend Per Share	0.56	0.8	1	1	1.15
Payout Ratio	16.26	13.88	15.58	19.97	17.66
Supplemental Items
EBITDA	178M	230M	308M	316M	355M
EBITA	168M	219M	294M	300M	339M
EBIT	165M	214M	282M	277M	326M
EBITDAR	181M	235M	314M	324M	365M
Effective Tax Rate - (Ratio)	23.36	28.54	28.48	30.61	31.75
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	68.53M	75.49M	74.23M	96.12M	121M
Total Deferred Taxes	-27.74M	-15.68M	4.85M	-12.26M	-21.85M
Normalized Net Income	97.38M	130M	174M	166M	202M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	2.98M	3.37M	3M	3.5M	3.87M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.92M	1.52M	1.35M	1.62M	2.24M
Net Rental Expense, Total	3.85M	4.69M	6.72M	8.81M	9.61M
Imputed Operating Lease Interest Expense	876K	1.04M	1.55M	2.88M	3.58M
Imputed Operating Lease Depreciation	2.98M	3.65M	5.17M	5.94M	6.03M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	334M	329M	284M	384M	492M
Short Term Investments	1.82M	31.54M	28.65M	30.76M	44.7M
Total Cash And Short Term Investments	336M	361M	312M	414M	537M
Accounts Receivable, Total	345M	472M	659M	739M	758M
Other Receivables	79.68M	63.53M	102M	124M	143M
Notes Receivable	293K	247K	156K	133K	133K
Total Receivables	425M	535M	761M	864M	901M
Inventory	79.78M	86.79M	83.88M	47.06M	68.37M
Other Current Assets, Total	1.62M	1.87M	-	1.99M	1.24M
Total Current Assets	842M	985M	1.16B	1.33B	1.51B
Gross Property Plant And Equipment	265M	288M	304M	314M	337M
Accumulated Depreciation	-75.83M	-87.19M	-94.08M	-90.89M	-97.67M
Net Property Plant And Equipment	189M	200M	210M	223M	239M
Long-term Investments	56.42M	66.36M	51.05M	41.37M	19.81M
Goodwill	331M	474M	630M	626M	693M
Other Intangibles, Total	25.76M	44.04M	105M	81.51M	95.8M
Loans Receivable Long-Term	3.49M	3.92M	6.29M	1.3M	988K
Deferred Tax Assets Long-Term	52.92M	68.89M	61.98M	66.69M	66.56M
Other Long-Term Assets, Total	6.09M	4.63M	5.42M	6.15M	8.07M
Total Assets	1.51B	1.85B	2.23B	2.37B	2.63B
Liabilities
Accounts Payable, Total	114M	140M	169M	191M	183M
Accrued Expenses, Total	194M	240M	283M	286M	311M
Short-term Borrowings	1.32M	14.37M	20.44M	135K	121K
Current Portion of Long-Term Debt	10.81M	406K	22.64M	32.28M	19.56M
Current Portion of Leases	25.95M	27.41M	28.49M	31.9M	35.23M
Current Income Taxes Payable	30.52M	11.53M	17.52M	33M	39.16M
Unearned Revenue Current, Total	118M	158M	204M	201M	223M
Other Current Liabilities	70.87M	117M	123M	115M	161M
Total Current Liabilities	565M	709M	868M	891M	972M
Long-Term Debt	19.74M	23.31M	74.53M	52.29M	48.91M
Long-Term Leases	119M	102M	97.62M	95.1M	84.7M
Pension & Other Post Retirement Benefits	46.11M	48.6M	42.83M	69.68M	84.25M
Deferred Tax Liability Non Current	16.12M	24.11M	44.96M	41.6M	33.44M
Other Non Current Liabilities	63.76M	124M	128M	107M	105M
Total Liabilities	831M	1.03B	1.26B	1.26B	1.33B
Common Stock, Total	4.86M	4.86M	4.86M	4.86M	4.86M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	499M	528M	685M	832M	856M
Treasury Stock	-25K	-7.22M	-17.12M	-17.12M	-17.12M
Comprehensive Income and Other	171M	288M	298M	295M	457M
Total Common Equity	675M	813M	970M	1.11B	1.3B
Minority Interest	918K	2.62M	1.58M	1.88M	2.77M
Total Equity	676M	816M	972M	1.12B	1.3B
Total Liabilities And Equity	1.51B	1.85B	2.23B	2.37B	2.63B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	37.41M	37.34M	37.28M	37.28M	37.28M
ECS Total Common Shares Outstanding	37.41M	37.34M	37.28M	37.28M	37.28M
Book Value / Share	18.05	21.78	26.03	29.91	34.88
Tangible Book Value	319M	295M	235M	407M	511M
Tangible Book Value Per Share	8.52	7.9	6.3	10.91	13.71
Total Debt	177M	168M	244M	212M	189M
Net Debt	-158M	-193M	-68.62M	-203M	-348M
Debt Equivalent of Unfunded Proj. Benefit Obligation	11.96M	11.18M	7.16M	6.9M	-
Debt Equivalent Oper. Leases	30.82M	37.5M	53.77M	70.51M	76.91M
Minority Interest, Total (Incl. Fin. Div)	918K	2.62M	1.58M	1.88M	2.77M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Work In Process, Total	79.78M	86.79M	83.88M	47.06M	68.37M
Buildings, Total	25.22M	52.33M	63.13M	77.18M	99.09M
Machinery, Total	60.96M	69.54M	74.45M	69.73M	74.26M
Full Time Employees	9.06K	10.58K	13.47K	14.8K	15.67K
Accumulated Allowance for Doubtful Accounts (Supple)	4.81M	4.14M	5.6M	6.68M	8.71M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	124M	151M	191M	187M	211M
Depreciation & Amortization - CF	36.66M	39.78M	42.9M	47.91M	51.24M
Amortization of Goodwill and Intangible Assets - (CF)	2.03M	4.73M	12.03M	23.3M	13.61M
Depreciation & Amortization, Total	38.69M	44.51M	54.92M	71.21M	64.86M
Amortization of Deferred Charges, Total - (CF)	3.76M	3.88M	3.69M	4M	3.9M
Asset Writedown & Restructuring Costs	-	-	-	-	16.18M
Other Operating Activities, Total	-17.03M	20.38M	-34.67M	28.34M	73.04M
Change In Accounts Receivable	87.54M	-111M	-47.69M	-76.2M	20.06M
Change In Inventories	-4.46M	-7M	-8.28M	33.77M	-14.1M
Change In Accounts Payable	-5.8M	25.77M	1.65M	22.17M	-15.71M
Change In Deferred Taxes	-	-	15.91M	-8.07M	-16.4M
Change in Other Net Operating Assets	2.74M	80.51M	8.02M	-12.11M	6.48M
Cash from Operations	229M	208M	185M	250M	349M
Capital Expenditure	-16.37M	-37.12M	-41.77M	-29.26M	-48.38M
Cash Acquisitions	-57.17M	-93.16M	-190M	-10.94M	-89.01M
Investment in Marketable and Equity Securities, Total	-3.02M	-29.81M	-2.56M	-485K	-13.18M
Other Investing Activities, Total	1K	-1K	1K	-	-
Cash from Investing	-76.55M	-160M	-234M	-40.69M	-151M
Long-Term Debt Issued, Total	1.46M	3.9M	-	6.5M	13.1M
Total Debt Issued	1.46M	3.9M	-	6.5M	13.1M
Long-Term Debt Repaid, Total	-40.12M	-40.39M	-41.51M	-56.85M	-64.6M
Total Debt Repaid	-40.12M	-40.39M	-41.51M	-56.85M	-64.6M
Repurchase of Common Stock	-	-7.2M	-9.9M	-	-
Common Dividends Paid	-20.09M	-20.91M	-29.76M	-37.28M	-37.28M
Common & Preferred Stock Dividends Paid	-20.09M	-20.91M	-29.76M	-37.28M	-37.28M
Other Financing Activities, Total	-798K	-710K	79.52M	-1.12M	-1.98M
Cash from Financing	-59.55M	-65.3M	-1.65M	-88.75M	-90.76M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1K
Net Change in Cash	92.93M	-17.82M	-51.43M	120M	108M
Supplemental Items
Cash Interest Paid	788K	791K	1.8M	3.78M	3.17M
Cash Income Tax Paid (Refund)	44.83M	37.85M	76.55M	71.66M	96.12M
Levered Free Cash Flow	222M	163M	98.28M	176M	250M
Unlevered Free Cash Flow	225M	166M	102M	182M	256M
Change In Net Working Capital	-95.59M	-21.09M	90.91M	37.39M	-32.16M
Net Debt Issued / Repaid	-38.66M	-36.49M	-41.51M	-50.35M	-51.5M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.35	7.99	8.62	7.52	8.13
Return on Total Capital	13.11	14.59	16.01	13.6	14.44
Return On Equity %	19.67	20.43	21.5	18.05	17.67
Return on Common Equity	19.64	20.25	21.42	17.91	17.49
Margin Analysis
Gross Profit Margin %	16.65	17.47	15.51	16.92	19.38
SG&A Margin	0.3	0.31	0.35	0.41	0.41
EBITDA Margin %	13.99	15.32	16.1	14.73	15.24
EBITA Margin %	13.2	14.59	15.37	14.01	14.57
EBIT Margin %	13.04	14.28	14.74	12.93	13.98
Income From Continuing Operations Margin %	9.78	10.15	10.06	8.8	9.18
Net Income Margin %	9.74	10.04	10	8.72	9.06
Net Avail. For Common Margin %	9.74	10.04	10	8.72	9.06
Normalized Net Income Margin	7.67	8.65	9.11	7.75	8.68
Levered Free Cash Flow Margin	17.51	10.88	5.14	8.21	10.74
Unlevered Free Cash Flow Margin	17.73	11.08	5.34	8.48	10.99
Asset Turnover
Asset Turnover	0.9	0.9	0.94	0.93	0.93
Fixed Assets Turnover	7.73	7.7	9.3	9.89	10.08
Receivables Turnover (Average Receivables)	3.22	3.64	3.34	3.03	3.07
Inventory Turnover (Average Inventory)	13.65	14.88	18.92	27.18	32.54
Short Term Liquidity
Current Ratio	1.49	1.39	1.33	1.49	1.55
Quick Ratio	1.34	1.26	1.24	1.43	1.48
Operating Cash Flow to Current Liabilities	0.41	0.29	0.21	0.28	0.36
Days Sales Outstanding (Average Receivables)	113.73	100.4	109.14	120.53	119.32
Days Outstanding Inventory (Average Inventory)	26.82	24.53	19.3	13.43	11.25
Average Days Payable Outstanding	40.31	37.21	34.97	37.68	36.06
Cash Conversion Cycle (Average Days)	100.24	87.72	93.46	96.28	94.51
Long Term Solvency
Total Debt/Equity	26.22	20.55	25.08	18.96	14.47
Total Debt / Total Capital	20.78	17.04	20.05	15.94	12.64
LT Debt/Equity	20.59	15.37	17.71	13.2	10.25
Long-Term Debt / Total Capital	16.31	12.75	14.16	11.1	8.96
Total Liabilities / Total Assets	55.13	55.83	56.38	52.96	50.48
EBIT / Interest Expense	36.97	44.73	47.44	29.8	34.97
EBITDA / Interest Expense	45.61	54.02	56.69	37.46	41.93
(EBITDA - Capex) / Interest Expense	41.95	46.27	49.66	34.31	36.74
Total Debt / EBITDA	0.87	0.65	0.72	0.61	0.48
Net Debt / EBITDA	-0.78	-0.75	-0.2	-0.58	-0.89
Total Debt / (EBITDA - Capex)	0.94	0.76	0.83	0.66	0.55
Net Debt / (EBITDA - Capex)	-0.84	-0.87	-0.23	-0.64	-1.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.3	18.26	27.25	12.11	8.75
Gross Profit, 1 Yr. Growth %	7.59	24.1	13	22.28	24.55
EBITDA, 1 Yr. Growth %	-7.17	10.6	17.02	-7.26	0.82
EBITA, 1 Yr. Growth %	8.73	32.4	37.01	6.56	22.54
EBIT, 1 Yr. Growth %	7.42	29.55	31.39	-1.71	17.62
Earnings From Cont. Operations, 1 Yr. Growth %	6.53	22.7	26.1	-1.94	13.43
Net Income, 1 Yr. Growth %	8.55	21.9	26.78	-2.26	13.09
Normalized Net Income, 1 Yr. Growth %	7.88	33.37	34.01	-4.58	21.75
Diluted EPS Before Extra, 1 Yr. Growth %	8.55	22.07	27.13	-2.33	12.78
Accounts Receivable, 1 Yr. Growth %	-20.25	36.8	39.83	12.15	2.45
Inventory, 1 Yr. Growth %	5.92	8.78	-3.35	-43.89	45.28
Net Property, Plant and Equip., 1 Yr. Growth %	36.41	5.83	4.96	5.96	7.38
Total Assets, 1 Yr. Growth %	15.19	22.6	19.95	6.54	10.82
Tangible Book Value, 1 Yr. Growth %	5.3	-7.35	-17.46	73.23	25.64
Common Equity, 1 Yr. Growth %	15.64	20.48	19.31	14.9	16.63
Cash From Operations, 1 Yr. Growth %	12.94	-9.37	-11.08	35.34	39.89
Capital Expenditures, 1 Yr. Growth %	-1.41	126.82	12.52	-29.94	65.31
Levered Free Cash Flow, 1 Yr. Growth %	19.6	-26.51	-39.84	78.87	42.36
Unlevered Free Cash Flow, 1 Yr. Growth %	19.6	-26.1	-38.69	78.06	41.01
Dividend Per Share, 1 Yr. Growth %	7.69	42.86	25	0	15
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.92	11.59	22.67	19.44	10.42
Gross Profit, 2 Yr. CAGR %	18.52	15.55	18.42	17.55	23.41
EBITDA, 2 Yr. CAGR %	10.73	9.64	21.61	9.59	2.13
EBITA, 2 Yr. CAGR %	13.09	19.26	33.22	18.33	9.75
EBIT, 2 Yr. CAGR %	12.4	17.96	30.47	13.64	7.52
Earnings From Cont. Operations, 2 Yr. CAGR %	10.9	14.33	24.39	11.2	5.47
Net Income, 2 Yr. CAGR %	11.22	15.04	24.32	11.32	5.14
Normalized Net Income, 2 Yr. CAGR %	9.81	19.95	33.69	13.08	7.79
Diluted EPS Before Extra, 2 Yr. CAGR %	11.22	15.11	24.57	11.43	4.96
Accounts Receivable, 2 Yr. CAGR %	-10.92	4.45	38.31	25.23	7.19
Inventory, 2 Yr. CAGR %	1.75	7.34	2.53	-26.36	-9.72
Net Property, Plant and Equip., 2 Yr. CAGR %	106.43	20.15	5.39	5.46	6.67
Total Assets, 2 Yr. CAGR %	18.32	18.84	21.61	13.05	8.66
Tangible Book Value, 2 Yr. CAGR %	18.23	-1.23	-14.13	19.58	47.53
Common Equity, 2 Yr. CAGR %	17.94	18.04	19.89	17.08	15.76
Cash From Operations, 2 Yr. CAGR %	38.25	1.17	-10.23	9.7	37.59
Capital Expenditures, 2 Yr. CAGR %	-26.2	49.54	59.76	-11.21	7.62
Levered Free Cash Flow, 2 Yr. CAGR %	59.68	-6.25	-33.51	3.74	59.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	59.98	-5.98	-32.69	4.48	58.46
Dividend Per Share, 2 Yr. CAGR %	11.55	24.03	33.63	11.8	7.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.06	12.63	16.58	19.05	15.77
Gross Profit, 3 Yr. CAGR %	16.48	20.35	14.69	19.69	19.84
EBITDA, 3 Yr. CAGR %	12.95	16.66	17.14	14.92	10.54
EBITA, 3 Yr. CAGR %	14.74	18.71	24	21.96	16.53
EBIT, 3 Yr. CAGR %	14.28	17.85	22.28	18.72	14.95
Earnings From Cont. Operations, 3 Yr. CAGR %	16.5	14.7	18.13	14.91	11.94
Net Income, 3 Yr. CAGR %	16.65	14.68	18.82	14.74	11.9
Normalized Net Income, 3 Yr. CAGR %	13.4	17.16	24.46	19.48	15.9
Diluted EPS Before Extra, 3 Yr. CAGR %	16.65	14.73	18.99	14.87	11.88
Accounts Receivable, 3 Yr. CAGR %	-1.17	2.77	15.12	28.97	17.12
Inventory, 3 Yr. CAGR %	-5.2	4.04	3.65	-16.13	-7.64
Net Property, Plant and Equip., 3 Yr. CAGR %	106.37	65.22	14.86	5.58	6.09
Total Assets, 3 Yr. CAGR %	20.03	19.73	19.43	16.37	12.3
Tangible Book Value, 3 Yr. CAGR %	13.17	9	-8.09	8.5	21.57
Common Equity, 3 Yr. CAGR %	18.92	18.78	18.46	18.2	16.93
Cash From Operations, 3 Yr. CAGR %	46.26	20.1	-3.09	2.94	18.96
Capital Expenditures, 3 Yr. CAGR %	3.58	7.3	36.02	21.38	9.23
Levered Free Cash Flow, 3 Yr. CAGR %	55.65	23.28	-19.14	-7.53	15.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	55.85	23.67	-18.47	-6.91	15.46
Dividend Per Share, 3 Yr. CAGR %	16.96	21.14	24.36	21.32	12.86
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.97	13.41	16.19	15.31	14.08
Gross Profit, 5 Yr. CAGR %	14.14	17.9	17.25	19.22	18.1
EBITDA, 5 Yr. CAGR %	11.87	16.66	20.07	16.86	13.16
EBITA, 5 Yr. CAGR %	12.74	18.26	21.51	18.04	17.1
EBIT, 5 Yr. CAGR %	12.47	17.74	20.5	16.15	16.15
Earnings From Cont. Operations, 5 Yr. CAGR %	16.68	17.62	19.6	13.29	12.89
Net Income, 5 Yr. CAGR %	16.85	17.41	19.66	13.32	13.15
Normalized Net Income, 5 Yr. CAGR %	11.9	17.45	21.12	15.51	17.5
Diluted EPS Before Extra, 5 Yr. CAGR %	16.85	17.44	19.76	13.4	13.16
Accounts Receivable, 5 Yr. CAGR %	2.66	6.81	13.05	11.23	11.88
Inventory, 5 Yr. CAGR %	6.61	8.15	-2.18	-9.39	-1.92
Net Property, Plant and Equip., 5 Yr. CAGR %	61.91	62.51	57.73	38.06	11.51
Total Assets, 5 Yr. CAGR %	16.54	19.11	20.66	17.15	15
Tangible Book Value, 5 Yr. CAGR %	15.89	12.66	1.34	12.29	11.06
Common Equity, 5 Yr. CAGR %	17.97	19.27	19.31	18.1	17.37
Cash From Operations, 5 Yr. CAGR %	38.88	21.16	20.32	15.82	11.5
Capital Expenditures, 5 Yr. CAGR %	2.36	13.92	23.18	-0.53	23.85
Levered Free Cash Flow, 5 Yr. CAGR %	57.11	25.22	10.76	15.06	6.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	56.39	25.37	11.39	15.61	6.35
Dividend Per Share, 5 Yr. CAGR %	17.5	22.71	23.36	17.32	17.2