Valid Soluções S.A. / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€347.03M -3.7%	€60.88M +78.6%	17.5% +0.081 pp	€82.69M -26.1%	23.8% -0.072 pp
2023	€360.48M +20.0%	€34.09M +119.1%	9.5% +0.043 pp	€111.92M +10.3%	31.0% -0.027 pp
2022	€300.37M -14.5%	€15.56M +63.1%	5.2% +0.025 pp	€101.50M +103.0%	33.8% +0.20 pp
2021	€351.29M +13.3%	€9.54M -129.6%	2.7% +0.13 pp	€50.00M -24.3%	14.2% -0.071 pp
2020	€309.92M -3.4%	-€32.23M -471.5%	-10.4% -0.13 pp	€66.02M +13.4%	21.3% +0.032 pp
2019	€320.91M +15.8%	€8.68M -45.7%	2.7% -0.031 pp	€58.24M +31.8%	18.1% +0.022 pp
2018	€277.18M +10.2%	€15.99M +261.3%	5.8% +0.040 pp	€44.18M +115.3%	15.9% +0.078 pp
2017	€251.63M -8.7%	€4.42M -68.6%	1.8% -0.034 pp	€20.52M -59.9%	8.2% -0.10 pp
2016	€275.51M +5.3%	€14.11M -33.7%	5.1% -0.030 pp	€51.23M -4.2%	18.6% -0.018 pp
2015	€261.69M +26.3%	€21.27M +20.8%	8.1% -0.0037 pp	€53.48M -3.7%	20.4% -0.064 pp
2014	€207.14M +10.3%	€17.60M +20.1%	8.5% +0.0069 pp	€55.55M +130.6%	26.8% +0.14 pp
2013	€187.79M +25.4%	€14.66M -10.8%	7.8% -0.032 pp	€24.10M -24.1%	12.8% -0.084 pp
2012	€149.77M +7.2%	€16.43M +36.5%	11.0% +0.024 pp	€31.75M +20.5%	21.2% +0.023 pp
2011	€139.67M +15.5%	€12.04M -19.8%	8.6% -0.038 pp	€26.35M -21.6%	18.9% -0.089 pp
2010	€120.95M +7.1%	€15.01M +27.9%	12.4% +0.020 pp	€33.60M +1.3%	27.8% -0.016 pp
2009	€112.89M +4.1%	€11.73M +36.2%	10.4% +0.025 pp	€33.15M -22.5%	29.4% -0.10 pp
2008	€108.47M +30.7%	€8.61M -25.0%	7.9% -0.059 pp	€42.75M +88.5%	39.4% +0.12 pp
2007	€83.00M +23.8%	€11.49M +7.7%	13.8% -0.021 pp	€22.67M +71.3%	27.3% +0.076 pp
2006	€67.06M +2.5%	€10.67M +22.0%	15.9% +0.025 pp	€13.24M -24.7%	19.7% -0.071 pp
2005	€65.42M	€8.74M	13.4%	€17.57M	26.9%