QAF Limited / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€422.61M +1.2%	€23.06M +26.3%	5.5% +0.011 pp	€56.20M -13.0%	13.3% -0.022 pp
2023	€417.61M +8.8%	€18.26M +41.6%	4.4% +0.010 pp	€64.61M +23.1%	15.5% +0.018 pp
2022	€383.69M +3.6%	€12.89M -62.7%	3.4% -0.060 pp	€52.50M -43.3%	13.7% -0.11 pp
2021	€370.53M +0.5%	€34.60M +87.8%	9.3% +0.043 pp	€92.55M +9.5%	25.0% +0.021 pp
2020	€368.78M -35.7%	€18.43M +0.6%	5.0% +0.018 pp	€84.50M +34.1%	22.9% +0.12 pp
2019	€573.94M +6.0%	€18.32M +239.3%	3.2% +0.022 pp	€63.02M -0.6%	11.0% -0.0074 pp
2018	€541.37M -4.0%	€5.40M -74.9%	1.0% -0.028 pp	€63.42M -22.1%	11.7% -0.027 pp
2017	€563.77M -4.6%	€21.52M -73.1%	3.8% -0.097 pp	€81.44M -30.4%	14.4% -0.053 pp
2016	€590.96M -10.9%	€79.98M +129.2%	13.5% +0.083 pp	€116.97M +17.9%	19.8% +0.048 pp
2015	€663.22M -2.4%	€34.90M +16.5%	5.3% +0.0086 pp	€99.23M +24.1%	15.0% +0.032 pp
2014	€679.74M -0.1%	€29.95M +49.3%	4.4% +0.015 pp	€79.98M -2.2%	11.8% -0.0025 pp
2013	€680.45M +4.1%	€20.05M -12.9%	2.9% -0.0057 pp	€81.77M -1.4%	12.0% -0.0067 pp
2012	€653.85M +0.7%	€23.02M -41.4%	3.5% -0.025 pp	€82.97M -17.8%	12.7% -0.029 pp
2011	€649.07M +14.1%	€39.31M +21.4%	6.1% +0.0036 pp	€100.92M -2.3%	15.5% -0.026 pp
2010	€568.97M +0.2%	€32.38M -13.5%	5.7% -0.0090 pp	€103.26M +22.4%	18.1% +0.033 pp
2009	€568.02M +1.8%	€37.43M -259.9%	6.6% +0.11 pp	€84.35M -11.4%	14.9% -0.022 pp
2008	€558.11M -22.0%	-€23.41M -349.6%	-4.2% -0.055 pp	€95.21M -364.4%	17.1% +0.22 pp
2007	€715.47M +8.6%	€9.38M -34.2%	1.3% -0.0085 pp	-€36.01M -341.1%	-5.0% -0.073 pp
2006	€659.08M +12.0%	€14.26M -18.3%	2.2% -0.0080 pp	€14.93M -39.4%	2.3% -0.019 pp
2005	€588.54M +42.9%	€17.46M +162.0%	3.0% +0.013 pp	€24.64M -20.8%	4.2% -0.034 pp
2004	€411.90M -23.4%	€6.66M -69.2%	1.6% -0.024 pp	€31.13M -15.1%	7.6% +0.0074 pp
2003	€537.73M -2.3%	€21.65M +77.5%	4.0% +0.018 pp	€36.68M +11.0%	6.8% +0.0082 pp
2002	€550.47M +37.4%	€12.20M +16.4%	2.2% -0.0040 pp	€33.05M -3.5%	6.0% -0.025 pp
2001	€400.66M	€10.48M	2.6%	€34.25M	8.5%