Tipiak SA / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2023	€225.38M -5.8%	-€10.39M -355.4%	-4.6% -0.063 pp	€22.75M -1.1%	10.1% +0.0048 pp
2022	€239.37M +13.4%	€4.07M +1.2%	1.7% -0.0021 pp	€23.01M +8.4%	9.6% -0.0045 pp
2021	€211.00M +6.0%	€4.02M +26.5%	1.9% +0.0031 pp	€21.24M -55.6%	10.1% -0.14 pp
2020	€199.14M +2.5%	€3.18M +36.4%	1.6% +0.0040 pp	€47.84M +116.1%	24.0% +0.13 pp
2019	€194.20M +0.6%	€2.33M -17.4%	1.2% -0.0026 pp	€22.14M -37.0%	11.4% -0.068 pp
2018	€192.99M -2.6%	€2.82M -32.7%	1.5% -0.0065 pp	€35.11M +100.3%	18.2% +0.093 pp
2017	€198.09M +0.2%	€4.19M -18.0%	2.1% -0.0047 pp	€17.53M -25.0%	8.9% -0.030 pp
2016	€197.64M +2.6%	€5.12M +10.5%	2.6% +0.0018 pp	€23.37M +82.7%	11.8% +0.052 pp
2015	€192.65M +3.6%	€4.63M +3.5%	2.4% -0.000038 pp	€12.79M -39.0%	6.6% -0.046 pp
2014	€185.91M +6.1%	€4.48M +11.2%	2.4% +0.0011 pp	€20.96M +15.0%	11.3% +0.0087 pp
2013	€175.28M +1.9%	€4.03M +12.0%	2.3% +0.0021 pp	€18.23M -23.2%	10.4% -0.034 pp
2012	€172.03M +2.7%	€3.60M +12.1%	2.1% +0.0018 pp	€23.75M +63.9%	13.8% +0.052 pp
2011	€167.56M +6.0%	€3.21M -28.3%	1.9% -0.0092 pp	€14.49M -29.4%	8.6% -0.043 pp
2010	€158.09M +2.2%	€4.47M -4.1%	2.8% -0.0019 pp	€20.51M +36.7%	13.0% +0.033 pp
2009	€154.62M -5.0%	€4.67M -1.4%	3.0% +0.0011 pp	€15.01M +3.8%	9.7% +0.0083 pp
2008	€162.83M +5.2%	€4.73M -19.4%	2.9% -0.0089 pp	€14.46M -59.3%	8.9% -0.14 pp
2007	€154.80M +11.9%	€5.87M +46.7%	3.8% +0.0090 pp	€35.53M +308.9%	22.9% +0.17 pp
2006	€138.38M +11.6%	€4.00M -12.6%	2.9% -0.0080 pp	€8.69M -10.7%	6.3% -0.016 pp
2005	€124.03M +3.6%	€4.58M +22.3%	3.7% +0.0057 pp	€9.73M -30.1%	7.8% -0.038 pp
2004	€119.75M	€3.74M	3.1%	€13.92M	11.6%