SeAH SPECIALSTEEL Co. Ltd. / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€622.87M -2.0%	€6.77M -503.5%	1.1% +0.014 pp	€37.49M -13.5%	6.0% -0.0080 pp
2023	€635.60M -4.2%	-€1.68M -114.9%	-0.3% -0.020 pp	€43.31M +218.1%	6.8% +0.048 pp
2022	€663.43M +19.9%	€11.26M -30.2%	1.7% -0.012 pp	€13.62M -354.9%	2.1% +0.030 pp
2021	€553.17M +36.8%	€16.13M -713.7%	2.9% +0.036 pp	-€5.34M -113.2%	-1.0% -0.11 pp
2020	€404.48M -8.7%	-€2.63M -138.8%	-0.6% -0.022 pp	€40.47M +188.7%	10.0% +0.068 pp
2019	€443.05M -0.8%	€6.77M -1.7%	1.5% -0.00013 pp	€14.02M -48.0%	3.2% -0.029 pp
2018	€446.82M -0.9%	€6.89M -52.9%	1.5% -0.017 pp	€26.94M +225.9%	6.0% +0.042 pp
2017	€450.71M +9.1%	€14.64M +0.4%	3.2% -0.0028 pp	€8.27M -84.4%	1.8% -0.11 pp
2016	€413.02M -1.8%	€14.58M +21.9%	3.5% +0.0069 pp	€53.07M -8.7%	12.9% -0.0096 pp
2015	€420.72M -9.2%	€11.96M -38.5%	2.8% -0.014 pp	€58.12M +22.7%	13.8% +0.036 pp
2014	€463.49M -1.8%	€19.45M -2.2%	4.2% -0.00018 pp	€47.35M +14.3%	10.2% +0.014 pp
2013	€471.99M +7.3%	€19.90M +53.0%	4.2% +0.013 pp	€41.44M +64.2%	8.8% +0.030 pp
2012	€439.74M +2.9%	€13.01M -26.4%	3.0% -0.012 pp	€25.24M +50.9%	5.7% +0.018 pp
2011	€427.15M +31.2%	€17.68M -7.3%	4.1% -0.017 pp	€16.73M -46.0%	3.9% -0.056 pp
2010	€325.56M +42.8%	€19.08M +756.0%	5.9% +0.049 pp	€30.97M +473.2%	9.5% +0.071 pp
2009	€227.98M -7.8%	€2.23M -75.9%	1.0% -0.028 pp	€5.40M -40.4%	2.4% -0.013 pp
2008	€247.30M +32.9%	€9.26M +0.6%	3.7% -0.012 pp	€9.07M +14.4%	3.7% -0.0059 pp
2007	€186.10M	€9.20M	4.9%	€7.93M	4.3%