Orzel Bialy S.A. / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€160.62M -7.6%	€23.43M -6.7%	14.6% +0.0013 pp	€39.63M +81.0%	24.7% +0.12 pp
2023	€173.76M -16.8%	€25.12M +6.1%	14.5% +0.031 pp	€21.90M -15.8%	12.6% +0.0016 pp
2022	€208.91M +33.7%	€23.67M +58.3%	11.3% +0.018 pp	€26.00M +2,793.6%	12.4% +0.12 pp
2021	€156.26M +31.5%	€14.96M +30.4%	9.6% -0.00077 pp	€898.65K -95.7%	0.6% -0.17 pp
2020	€118.88M -18.5%	€11.47M +152.0%	9.6% +0.065 pp	€20.82M -323.8%	17.5% +0.24 pp
2019	€145.92M -5.3%	€4.55M +31.9%	3.1% +0.0088 pp	-€9.30M -190.4%	-6.4% -0.13 pp
2018	€154.15M -3.4%	€3.45M -8.1%	2.2% -0.0011 pp	€10.29M -36.7%	6.7% -0.035 pp
2017	€159.65M +26.0%	€3.76M -469.1%	2.4% +0.032 pp	€16.25M -954.5%	10.2% +0.12 pp
2016	€126.71M +5.7%	-€1.02M -132.8%	-0.8% -0.034 pp	-€1.90M -119.3%	-1.5% -0.097 pp
2015	€119.92M +10.9%	€3.11M +2,998.4%	2.6% +0.025 pp	€9.86M -3,514.9%	8.2% +0.085 pp
2014	€108.13M +9.0%	€100.22K -102.4%	0.1% +0.042 pp	-€288.62K -102.6%	-0.3% -0.11 pp
2013	€99.23M +2.1%	-€4.10M -256.7%	-4.1% -0.068 pp	€11.11M -45.4%	11.2% -0.097 pp
2012	€97.17M +15.5%	€2.61M -69.0%	2.7% -0.073 pp	€20.33M +197.8%	20.9% +0.13 pp
2011	€84.16M +13.0%	€8.43M -9.0%	10.0% -0.024 pp	€6.83M -18.0%	8.1% -0.031 pp
2010	€74.50M +59.1%	€9.26M +170.1%	12.4% +0.051 pp	€8.32M -211.0%	11.2% +0.27 pp
2009	€46.81M -24.6%	€3.43M -58.9%	7.3% -0.061 pp	-€7.50M -131.4%	-16.0% -0.55 pp
2008	€62.10M	€8.35M	13.4%	€23.90M	38.5%