Ramada Investimentos e Industria, S.A. / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€10.20M -92.8%	€28.82M +176.8%	282.5% +2.8 pp	€16.02M -51.2%	157.0% +1.3 pp
2023	€140.95M -27.2%	€10.41M -48.0%	7.4% -0.030 pp	€32.83M +18.4%	23.3% +0.090 pp
2022	€193.69M +35.7%	€20.03M +32.8%	10.3% -0.0022 pp	€27.72M +5.8%	14.3% -0.040 pp
2021	€142.78M +39.0%	€15.09M +115.9%	10.6% +0.038 pp	€26.19M +14.2%	18.3% -0.040 pp
2020	€102.70M -9.9%	€6.99M -14.0%	6.8% -0.0033 pp	€22.92M +17.1%	22.3% +0.052 pp
2019	€114.03M -10.5%	€8.13M -88.3%	7.1% -0.48 pp	€19.57M +67.9%	17.2% +0.080 pp
2018	€127.42M -18.8%	€69.72M +22.9%	54.7% +0.19 pp	€11.66M -69.7%	9.1% -0.15 pp
2017	€156.89M +15.4%	€56.71M +309.1%	36.1% +0.26 pp	€38.49M +57.2%	24.5% +0.065 pp
2016	€135.93M +8.0%	€13.86M +25.6%	10.2% +0.014 pp	€24.48M +125.0%	18.0% +0.094 pp
2015	€125.81M +6.4%	€11.03M +36.6%	8.8% +0.019 pp	€10.88M -41.5%	8.6% -0.071 pp
2014	€118.20M +13.2%	€8.08M +29.9%	6.8% +0.0088 pp	€18.60M -14.7%	15.7% -0.052 pp
2013	€104.40M -4.5%	€6.22M +0.8%	6.0% +0.0031 pp	€21.81M +153.7%	20.9% +0.13 pp
2012	€109.34M +10.1%	€6.17M -3.8%	5.6% -0.0081 pp	€8.60M -11.0%	7.9% -0.019 pp
2011	€99.27M +22.9%	€6.41M +25.3%	6.5% +0.0013 pp	€9.66M -21.3%	9.7% -0.055 pp
2010	€80.77M -16.8%	€5.11M +176.4%	6.3% +0.044 pp	€12.28M -60.3%	15.2% -0.17 pp
2009	€97.08M -23.1%	€1.85M -32.1%	1.9% -0.0025 pp	€30.93M -179.6%	31.9% +0.63 pp
2008	€126.21M +14.3%	€2.72M -62.9%	2.2% -0.045 pp	-€38.88M +149.8%	-30.8% -0.17 pp
2007	€110.46M +6.2%	€7.34M -3.9%	6.6% -0.0070 pp	-€15.56M +425.2%	-14.1% -0.11 pp
2006	€103.97M +11.1%	€7.64M -0.8%	7.3% -0.0088 pp	-€2.96M -128.1%	-2.9% -0.14 pp
2005	€93.58M +7.0%	€7.70M +33.4%	8.2% +0.016 pp	€10.53M +74.6%	11.2% +0.044 pp
2004	€87.43M	€5.77M	6.6%	€6.03M	6.9%