Valsoia S.p.A. / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€116.75M +3.5%	€8.28M +14.6%	7.1% +0.0068 pp	€16.09M -6.6%	13.8% -0.015 pp
2023	€112.82M +11.3%	€7.22M -9.4%	6.4% -0.015 pp	€17.23M +61.9%	15.3% +0.048 pp
2022	€101.32M +11.4%	€7.98M +8.3%	7.9% -0.0023 pp	€10.65M -16.3%	10.5% -0.035 pp
2021	€90.95M +9.0%	€7.36M -3.8%	8.1% -0.011 pp	€12.72M -26.3%	14.0% -0.067 pp
2020	€83.46M +11.6%	€7.65M +6.2%	9.2% -0.0046 pp	€17.27M +35.8%	20.7% +0.037 pp
2019	€74.78M -10.4%	€7.20M -28.7%	9.6% -0.025 pp	€12.72M +2.1%	17.0% +0.021 pp
2018	€83.50M -25.4%	€10.10M +45.8%	12.1% +0.059 pp	€12.46M +3.8%	14.9% +0.042 pp
2017	€111.93M -2.5%	€6.92M -21.3%	6.2% -0.015 pp	€12.01M +9.1%	10.7% +0.011 pp
2016	€114.78M -0.5%	€8.79M -26.6%	7.7% -0.027 pp	€11.01M -25.4%	9.6% -0.032 pp
2015	€115.32M +1.1%	€11.98M +11.9%	10.4% +0.010 pp	€14.75M +45.6%	12.8% +0.039 pp
2014	€114.02M +13.6%	€10.70M +8.2%	9.4% -0.0047 pp	€10.13M -50.9%	8.9% -0.12 pp
2013	€100.37M +7.6%	€9.89M +120.2%	9.9% +0.050 pp	€20.64M +258.5%	20.6% +0.14 pp
2012	€93.31M +32.7%	€4.49M +51.9%	4.8% +0.0061 pp	€5.76M -81.2%	6.2% -0.37 pp
2011	€70.32M +25.4%	€2.96M -26.0%	4.2% -0.029 pp	€30.58M +395.1%	43.5% +0.32 pp
2010	€56.07M +7.2%	€3.99M +11.3%	7.1% +0.0026 pp	€6.18M +14.9%	11.0% +0.0074 pp
2009	€52.29M -3.4%	€3.59M +23.3%	6.9% +0.015 pp	€5.38M -28.1%	10.3% -0.035 pp
2008	€54.12M -1.3%	€2.91M -9.7%	5.4% -0.0050 pp	€7.48M +26.1%	13.8% +0.030 pp
2007	€54.81M +8.2%	€3.22M +61.4%	5.9% +0.019 pp	€5.93M +68.2%	10.8% +0.039 pp
2006	€50.64M +12.8%	€2.00M -5.1%	3.9% -0.0074 pp	€3.53M -10.4%	7.0% -0.018 pp
2005	€44.90M +10.1%	€2.10M +17.4%	4.7% +0.0029 pp	€3.94M -2.3%	8.8% -0.011 pp
2004	€40.78M	€1.79M	4.4%	€4.03M	9.9%