Equity Commonwealth / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€41.16M -20.7%	€20.30M -74.0%	49.3% -1.0 pp	€85.05M -18.9%	206.6% +0.046 pp
2023	€51.93M -4.1%	€78.22M +211.4%	150.6% +1.0 pp	€104.91M +78.2%	202.0% +0.93 pp
2022	€54.17M +8.9%	€25.12M -278.2%	46.4% +0.75 pp	€58.87M +199.5%	108.7% +0.69 pp
2021	€49.77M -12.5%	-€14.10M -103.6%	-28.3% -7.1 pp	€19.66M -49.5%	39.5% -0.29 pp
2020	€56.87M -48.2%	€387.21M -8.4%	680.9% +3.0 pp	€38.92M -63.7%	68.4% -0.29 pp
2019	€109.70M -35.1%	€422.72M +80.6%	385.4% +2.5 pp	€107.25M -10.4%	97.8% +0.27 pp
2018	€169.05M -42.1%	€234.07M +819.9%	138.5% +1.3 pp	€119.66M -15.4%	70.8% +0.22 pp
2017	€292.21M -32.0%	€25.44M -87.3%	8.7% -0.38 pp	€141.41M -42.1%	48.4% -0.084 pp
2016	€429.58M -30.0%	€199.82M +133.2%	46.5% +0.33 pp	€244.07M +12.8%	56.8% +0.22 pp
2015	€613.38M -17.1%	€85.68M +315.9%	14.0% +0.11 pp	€216.37M +25.8%	35.3% +0.12 pp
2014	€739.47M -2.7%	€20.60M -113.6%	2.8% +0.23 pp	€171.94M -172.5%	23.3% +0.54 pp
2013	€759.79M -12.6%	-€151.92M +85.6%	-20.0% -0.11 pp	-€237.02M -199.8%	-31.2% -0.59 pp
2012	€869.23M +11.1%	-€81.87M -186.8%	-9.4% -0.21 pp	€237.48M -75.5%	27.3% -0.97 pp
2011	€782.45M +14.9%	€94.37M -18.8%	12.1% -0.050 pp	€971.03M -7.6%	124.1% -0.30 pp
2010	€680.71M -6.6%	€116.18M -17.8%	17.1% -0.023 pp	€1.05B +27.3%	154.4% +0.41 pp
2009	€729.06M +1.7%	€141.29M -32.7%	19.4% -0.099 pp	€825.75M +34.6%	113.3% +0.28 pp
2008	€716.89M -0.5%	€209.91M +96.9%	29.3% +0.14 pp	€613.39M +2.9%	85.6% +0.028 pp
2007	€720.73M +5.6%	€106.61M -50.4%	14.8% -0.17 pp	€596.36M -14.6%	82.7% -0.20 pp
2006	€682.82M +12.0%	€215.00M +51.9%	31.5% +0.083 pp	€698.45M +1.5%	102.3% -0.11 pp
2005	€609.83M +17.8%	€141.56M +1.3%	23.2% -0.038 pp	€688.15M -17.7%	112.8% -0.49 pp
2004	€517.57M +20.5%	€139.71M +42.3%	27.0% +0.041 pp	€835.95M -5.7%	161.5% -0.45 pp
2003	€429.62M +20.1%	€98.19M +7.2%	22.9% -0.027 pp	€886.34M +52.0%	206.3% +0.43 pp
2002	€357.76M +5.8%	€91.60M +28.9%	25.6% +0.046 pp	€582.95M +236.1%	162.9% +1.1 pp
2001	€338.20M -2.7%	€71.05M -41.8%	21.0% -0.14 pp	€173.46M +14.9%	51.3% +0.078 pp
2000	€347.50M -5.3%	€122.07M +25.0%	35.1% +0.085 pp	€151.01M -75.5%	43.5% -1.2 pp
1999	€366.83M +19.9%	€97.69M -21.2%	26.6% -0.14 pp	€615.55M -24.9%	167.8% -1.0 pp
1998	€305.92M +70.7%	€123.99M +26.8%	40.5% -0.14 pp	€820.04M +30.2%	268.1% -0.83 pp
1997	€179.20M +73.8%	€97.81M +55.6%	54.6% -0.064 pp	€629.91M +126.8%	351.5% +0.82 pp
1996	€103.12M +6.7%	€62.85M +14.0%	61.0% +0.039 pp	€277.77M -7.2%	269.4% -0.40 pp
1995	€96.68M +30.0%	€55.11M +28.7%	57.0% -0.0058 pp	€299.25M -13.4%	309.5% -1.6 pp
1994	€74.37M +53.4%	€42.83M +49.5%	57.6% -0.015 pp	€345.68M +764.6%	464.8% +3.8 pp
1993	€48.48M +16.0%	€28.66M +22.8%	59.1% +0.033 pp	€39.98M +11.5%	82.5% -0.034 pp
1992	€41.78M +11.2%	€23.34M +23.1%	55.9% +0.054 pp	€35.86M +19.4%	85.8% +0.059 pp
1991	€37.58M +33.1%	€18.96M +54.5%	50.5% +0.070 pp	€30.03M -35.2%	79.9% -0.84 pp
1990	€28.23M +41.8%	€12.27M +81.0%	43.5% +0.094 pp	€46.33M +42.1%	164.1% +0.0034 pp
1989	€19.91M	€6.78M	34.1%	€32.60M	163.8%