Natus Medical Incorporated / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2021	€403.82M +13.9%	€11.24M -179.3%	2.8% +0.068 pp	€57.67M +57.1%	14.3% +0.039 pp
2020	€354.56M -16.1%	-€14.17M +6.0%	-4.0% -0.0083 pp	€36.71M -34.2%	10.4% -0.029 pp
2019	€422.36M -6.7%	-€13.37M -31.7%	-3.2% +0.012 pp	€55.78M +57.4%	13.2% +0.054 pp
2018	€452.82M +6.0%	-€19.56M +13.0%	-4.3% -0.0027 pp	€35.45M +74.7%	7.8% +0.031 pp
2017	€427.30M +31.2%	-€17.31M -147.6%	-4.1% -0.15 pp	€20.29M -68.7%	4.7% -0.15 pp
2016	€325.74M +1.6%	€36.33M +12.3%	11.2% +0.011 pp	€64.90M +81.0%	19.9% +0.087 pp
2015	€320.59M +5.6%	€32.35M +16.8%	10.1% +0.0096 pp	€35.86M -12.2%	11.2% -0.023 pp
2014	€303.51M +3.4%	€27.70M +42.0%	9.1% +0.025 pp	€40.82M +18.2%	13.5% +0.017 pp
2013	€293.51M +17.7%	€19.51M +489.2%	6.6% +0.053 pp	€34.54M +51.5%	11.8% +0.026 pp
2012	€249.30M +25.6%	€3.31M -133.2%	1.3% +0.064 pp	€22.80M -3.1%	9.1% -0.027 pp
2011	€198.44M +6.4%	-€9.98M -198.1%	-5.0% -0.10 pp	€23.54M +72.3%	11.9% +0.045 pp
2010	€186.50M +31.3%	€10.17M +7.6%	5.5% -0.012 pp	€13.67M -46.9%	7.3% -0.11 pp
2009	€142.02M +2.9%	€9.45M -36.6%	6.7% -0.041 pp	€25.76M +79.3%	18.1% +0.077 pp
2008	€138.03M +36.7%	€14.90M +78.7%	10.8% +0.025 pp	€14.37M +22.8%	10.4% -0.012 pp
2007	€100.97M +31.7%	€8.34M -1,155.0%	8.3% +0.093 pp	€11.70M +142.1%	11.6% +0.053 pp
2006	€76.69M +108.9%	-€790.69K -115.1%	-1.0% -0.15 pp	€4.83M -35.7%	6.3% -0.14 pp
2005	€36.72M +17.9%	€5.25M -355.6%	14.3% +0.21 pp	€7.52M +215.2%	20.5% +0.13 pp
2004	€31.14M +15.5%	-€2.05M -12.3%	-6.6% +0.021 pp	€2.38M -324.6%	7.7% +0.12 pp
2003	€26.95M +17.0%	-€2.34M -63.2%	-8.7% +0.19 pp	-€1.06M -72.0%	-3.9% +0.13 pp
2002	€23.04M -1.4%	-€6.36M +91.9%	-27.6% -0.13 pp	-€3.80M +24.3%	-16.5% -0.034 pp
2001	€23.37M +11.2%	-€3.31M -1,752.3%	-14.2% -0.15 pp	-€3.06M -443.4%	-13.1% -0.17 pp
2000	€21.01M	€200.44K	1.0%	€889.63K	4.2%