Armanino Foods of Distinction, Inc. / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€59.85M +9.1%	€12.61M +66.8%	21.1% +0.073 pp	€17.83M +17.6%	29.8% +0.022 pp
2023	€54.86M +9.8%	€7.56M +32.6%	13.8% +0.024 pp	€15.15M +464.4%	27.6% +0.22 pp
2022	€49.95M +32.1%	€5.70M +15.2%	11.4% -0.017 pp	€2.68M -52.8%	5.4% -0.097 pp
2021	€37.82M +37.7%	€4.95M +183.4%	13.1% +0.067 pp	€5.69M -6.3%	15.0% -0.071 pp
2020	€27.46M -25.2%	€1.75M -68.8%	6.4% -0.089 pp	€6.07M +5.3%	22.1% +0.064 pp
2019	€36.72M +1.7%	€5.60M +3.5%	15.2% +0.0026 pp	€5.76M -17.0%	15.7% -0.035 pp
2018	€36.11M +7.3%	€5.41M +23.2%	15.0% +0.019 pp	€6.95M +6.0%	19.2% -0.0024 pp
2017	€33.65M +9.2%	€4.39M +20.4%	13.0% +0.012 pp	€6.56M +113.4%	19.5% +0.095 pp
2016	€30.81M +2.9%	€3.65M +4.8%	11.8% +0.0022 pp	€3.07M -29.3%	10.0% -0.045 pp
2015	€29.94M +10.2%	€3.48M +4.8%	11.6% -0.0061 pp	€4.34M +33.6%	14.5% +0.025 pp
2014	€27.15M +9.0%	€3.32M +15.6%	12.2% +0.0070 pp	€3.25M -1.1%	12.0% -0.012 pp
2013	€24.91M +3.2%	€2.87M +15.2%	11.5% +0.012 pp	€3.29M +21.9%	13.2% +0.020 pp
2012	€24.13M +12.6%	€2.49M +20.8%	10.3% +0.0070 pp	€2.70M +44.1%	11.2% +0.024 pp
2011	€21.43M +8.5%	€2.06M +3.7%	9.6% -0.0045 pp	€1.87M -16.2%	8.7% -0.026 pp
2010	€19.75M +9.0%	€1.99M +46.8%	10.1% +0.026 pp	€2.23M +10.5%	11.3% +0.0016 pp
2009	€18.12M +5.7%	€1.36M +126.3%	7.5% +0.040 pp	€2.02M +285.1%	11.2% +0.081 pp
2008	€17.14M +4.2%	€599.19K -24.1%	3.5% -0.013 pp	€525.11K -64.5%	3.1% -0.059 pp
2007	€16.45M +14.5%	€789.21K +13.8%	4.8% -0.00032 pp	€1.48M +454.1%	9.0% +0.071 pp
2006	€14.36M +26.7%	€693.74K +154.9%	4.8% +0.024 pp	€267.26K -45.5%	1.9% -0.025 pp
2004	€11.34M -2.6%	€272.11K +17.3%	2.4% +0.0041 pp	€489.98K -75.1%	4.3% -0.13 pp
2003	€11.65M -12.8%	€232.02K -168.7%	2.0% +0.045 pp	€1.97M +999.3%	16.9% +0.16 pp
2002	€13.35M +3.5%	-€337.64K -161.6%	-2.5% -0.068 pp	€179.08K -80.0%	1.3% -0.056 pp
2001	€12.90M +11.1%	€547.69K -16.9%	4.2% -0.014 pp	€893.85K -58.2%	6.9% -0.11 pp
2000	€11.62M +10.3%	€658.79K +52.7%	5.7% +0.016 pp	€2.14M +45.7%	18.4% +0.045 pp
1999	€10.53M -9.6%	€431.52K +150.0%	4.1% +0.026 pp	€1.47M +0.0%	13.9% +0.013 pp
1998	€11.65M -11.8%	€172.61K -71.4%	1.5% -0.031 pp	€1.47M -46.9%	12.6% -0.083 pp
1997	€13.20M +0.0%	€604.13K +40.0%	4.6% +0.013 pp	€2.76M +146.2%	20.9% +0.12 pp
1996	€13.20M +13.3%	€431.52K -54.5%	3.3% -0.049 pp	€1.12M -45.8%	8.5% -0.093 pp
1995	€11.65M +28.6%	€949.34K +120.0%	8.1% +0.034 pp	€2.07M -7.7%	17.8% -0.070 pp
1994	€9.06M +20.7%	€431.52K -83.9%	4.8% -0.31 pp	€2.24M +766.7%	24.8% +0.21 pp
1993	€7.51M +31.8%	€2.68M +520.0%	35.6% +0.28 pp	€258.91K -25.0%	3.4% -0.026 pp
1992	€5.70M +32.0%	€431.52K -115.6%	7.6% +0.72 pp	€345.21K -116.7%	6.1% +0.54 pp
1991	€4.32M -24.2%	-€2.76M +128.6%	-64.0% -0.43 pp	-€2.07M -∞%	-48.0% -0.48 pp
1990	€5.70M	-€1.21M	-21.2%	€0.00	0.0%