GP Strategies Corporation / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2020	€407.60M -18.9%	€6.09M -53.5%	1.5% -0.011 pp	€52.32M +231.0%	12.8% +0.097 pp
2019	€502.53M +13.2%	€13.09M +54.4%	2.6% +0.0069 pp	€15.81M +4.3%	3.1% -0.0027 pp
2018	€443.84M +1.2%	€8.47M -23.7%	1.9% -0.0062 pp	€15.15M -42.0%	3.4% -0.025 pp
2017	€438.71M +3.8%	€11.11M -36.3%	2.5% -0.016 pp	€26.11M +48.5%	6.0% +0.018 pp
2016	€422.64M +0.1%	€17.44M +7.8%	4.1% +0.0030 pp	€17.59M -26.9%	4.2% -0.015 pp
2015	€422.40M -2.3%	€16.19M -30.7%	3.8% -0.016 pp	€24.05M -17.3%	5.7% -0.010 pp
2014	€432.38M +14.9%	€23.35M +14.1%	5.4% -0.00041 pp	€29.08M +47.0%	6.7% +0.015 pp
2013	€376.23M +8.7%	€20.47M +4.7%	5.4% -0.0021 pp	€19.79M -17.5%	5.3% -0.017 pp
2012	€345.97M +20.5%	€19.55M +27.0%	5.6% +0.0029 pp	€23.99M +38.0%	6.9% +0.0088 pp
2011	€287.04M +28.2%	€15.39M +40.3%	5.4% +0.0046 pp	€17.38M -27.2%	6.1% -0.046 pp
2010	€223.94M +18.6%	€10.97M -1,169.9%	4.9% +0.054 pp	€23.88M +39.0%	10.7% +0.016 pp
2009	€188.89M -18.2%	-€1.03M -115.2%	-0.5% -0.035 pp	€17.19M -25.9%	9.1% -0.0094 pp
2008	€230.80M +7.8%	€6.75M -19.1%	2.9% -0.0097 pp	€23.18M +151.6%	10.0% +0.057 pp
2007	€214.03M +39.0%	€8.34M +45.8%	3.9% +0.0018 pp	€9.21M -32.6%	4.3% -0.046 pp
2006	€154.03M +1.8%	€5.72M -7.9%	3.7% -0.0039 pp	€13.67M -22.2%	8.9% -0.027 pp
2005	€151.25M -9.5%	€6.21M -68.0%	4.1% -0.075 pp	€17.55M +241.4%	11.6% +0.085 pp
2004	€167.12M +15.0%	€19.40M -372.1%	11.6% +0.17 pp	€5.14M -20.1%	3.1% -0.014 pp
2003	€145.32M +10.8%	-€7.13M +58.3%	-4.9% -0.015 pp	€6.44M +172.2%	4.4% +0.026 pp
2002	€131.16M -18.4%	-€4.50M +453.2%	-3.4% -0.029 pp	€2.36M -78.3%	1.8% -0.050 pp
2001	€160.77M -5.5%	-€814.16K -96.3%	-0.5% +0.12 pp	€10.89M +190.3%	6.8% +0.046 pp
2000	€170.13M -12.2%	-€21.88M +14.4%	-12.9% -0.030 pp	€3.75M -306.4%	2.2% +0.031 pp
1999	€193.68M -21.0%	-€19.13M +957.4%	-9.9% -0.091 pp	-€1.82M -106.4%	-0.9% -0.12 pp
1998	€245.28M +21.3%	-€1.81M -161.8%	-0.7% -0.022 pp	€28.34M +77.8%	11.6% +0.037 pp
1997	€202.29M +15.2%	€2.93M -70.2%	1.4% -0.041 pp	€15.94M +236.4%	7.9% +0.052 pp
1996	€175.58M +10.2%	€9.82M +1,040.0%	5.6% +0.051 pp	€4.74M +77.4%	2.7% +0.010 pp
1995	€159.39M -9.7%	€861.55K -107.1%	0.5% +0.074 pp	€2.67M -444.4%	1.7% +0.021 pp
1994	€176.45M +8.0%	-€12.06M +133.3%	-6.8% -0.037 pp	-€775.39K +125.0%	-0.4% -0.0023 pp
1993	€163.44M -3.1%	-€5.17M -49.6%	-3.2% +0.029 pp	-€344.62K -95.3%	-0.2% +0.042 pp
1992	€168.69M -24.4%	-€10.25M -2,083.3%	-6.1% -0.063 pp	-€7.41M +561.5%	-4.4% -0.039 pp
1991	€223.06M -11.7%	€516.93K -101.6%	0.2% +0.13 pp	-€1.12M -87.9%	-0.5% +0.031 pp
1990	€252.52M +9.3%	-€32.74M +122.2%	-13.0% -0.066 pp	-€9.22M -∞%	-3.7% -0.037 pp
1989	€231.07M +6.7%	-€14.73M +643.5%	-6.4% -0.055 pp	€0.00 +NaN%	0.0% +0.0 pp
1988	€216.51M +31.9%	-€1.98M -86.9%	-0.9% +0.083 pp	€0.00 +NaN%	0.0% +0.0 pp
1986	€164.13M +61.7%	-€15.16M +3.5%	-9.2% +0.052 pp	€0.00 +NaN%	0.0% +0.0 pp
1985	€101.49M	-€14.65M	-14.4%	€0.00	0.0%