Bell Food Group AG / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€5.12B +4.7%	€134.05M -4.6%	2.6% -0.0025 pp	€665.47M -4.3%	13.0% -0.012 pp
2023	€4.89B +4.6%	€140.44M +1.4%	2.9% -0.00091 pp	€695.49M +29.2%	14.2% +0.027 pp
2022	€4.68B +3.9%	€138.49M +0.3%	3.0% -0.0011 pp	€538.14M -6.7%	11.5% -0.013 pp
2021	€4.50B +3.3%	€138.06M +7.4%	3.1% +0.0012 pp	€576.94M +11.2%	12.8% +0.0091 pp
2020	€4.36B +0.2%	€128.52M +139.1%	3.0% +0.017 pp	€518.75M +0.2%	11.9% +0.000059 pp
2019	€4.35B -1.1%	€53.75M -44.5%	1.2% -0.0096 pp	€517.66M -12.0%	11.9% -0.015 pp
2018	€4.40B +14.8%	€96.77M -16.2%	2.2% -0.0081 pp	€588.10M +95.4%	13.4% +0.055 pp
2017	€3.83B +5.7%	€115.41M +5.9%	3.0% +0.000041 pp	€300.93M -24.4%	7.9% -0.031 pp
2016	€3.63B +20.3%	€109.02M +6.2%	3.0% -0.0040 pp	€398.14M +21.5%	11.0% +0.0011 pp
2015	€3.01B +10.5%	€102.69M +8.0%	3.4% -0.00077 pp	€327.70M +27.3%	10.9% +0.014 pp
2014	€2.73B -0.8%	€95.05M +14.5%	3.5% +0.0046 pp	€257.48M +22.4%	9.4% +0.018 pp
2013	€2.75B +3.7%	€83.04M +1.0%	3.0% -0.00079 pp	€210.40M -8.4%	7.7% -0.010 pp
2012	€2.65B -2.8%	€82.19M +5.9%	3.1% +0.0025 pp	€229.64M +7.1%	8.7% +0.0080 pp
2011	€2.73B -5.7%	€77.61M +8.4%	2.8% +0.0037 pp	€214.41M -20.5%	7.9% -0.015 pp
2010	€2.89B +4.8%	€71.59M +17.6%	2.5% +0.0027 pp	€269.78M +39.0%	9.3% +0.023 pp
2009	€2.76B +31.4%	€60.89M -3.4%	2.2% -0.0080 pp	€194.05M +28.7%	7.0% -0.0014 pp
2008	€2.10B +18.5%	€63.07M +2.7%	3.0% -0.0046 pp	€150.74M -19.3%	7.2% -0.034 pp
2007	€1.77B +10.3%	€61.41M +28.3%	3.5% +0.0048 pp	€186.80M +11.9%	10.5% +0.0014 pp
2006	€1.61B +2.8%	€47.88M +23.3%	3.0% +0.0050 pp	€166.99M -8.2%	10.4% -0.012 pp
2005	€1.56B -5.0%	€38.85M +0.0%	2.5% +0.0012 pp	€181.84M +17.3%	11.6% +0.022 pp
2004	€1.65B -1.1%	€38.83M -26.0%	2.4% -0.0079 pp	€154.96M -24.4%	9.4% -0.029 pp
2003	€1.67B +1.9%	€52.48M +6.9%	3.2% +0.0015 pp	€204.89M +14.1%	12.3% +0.013 pp
2002	€1.63B	€49.10M	3.0%	€179.54M	11.0%