Income Statement Altareit

Stocks

AREIT

FR0000039216

Real Estate Development & Operations

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-06-19 EDT			5-day change	1st Jan Change
585.00 ^EUR	0.00%		0.00%	+13.59%

02-24	Altareit 2025 revenue external services 1.85 billion euros	RE
02-24	Altareit SCA Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: ALTAREIT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3B	2.97B	2.6B	2.61B	1.98B
Total Revenues	3B	2.97B	2.6B	2.61B	1.98B
Cost of Goods Sold, Total	2.44B	2.39B	2.25B	2.22B	1.67B
Gross Profit	561M	577M	356M	384M	308M
Selling General & Admin Expenses, Total	376M	402M	373M	332M	296M
Stock-Based Compensation (IS)	-	-	-	-	2.7M
Depreciation & Amortization - (IS)	22.6M	23.4M	24.9M	27.4M	30.7M
Amortization of Goodwill and Intangible Assets - (IS)	-	1.5M	5.9M	2.3M	800K
Other Operating Expenses	14.2M	38M	281M	2.6M	15.1M
Other Operating Expenses, Total	413M	465M	684M	364M	345M
Operating Income	148M	111M	-328M	19.7M	-37.8M
Interest Expense, Total	-24.9M	-20.3M	-24.4M	-42.5M	-35.6M
Interest And Investment Income	2.3M	2.7M	6.5M	20.4M	17.3M
Net Interest Expenses	-22.6M	-17.6M	-17.9M	-22.1M	-18.3M
Income (Loss) On Equity Invest.	6.2M	42.2M	-3.6M	-11.1M	-6M
Other Non Operating Income (Expenses)	-11M	-3.8M	-27.3M	-37.8M	-18M
EBT, Excl. Unusual Items	120M	132M	-377M	-51.3M	-80.1M
Merger & Related Restructuring Charges	-2.3M	-	-	-2.1M	-
Gain (Loss) On Sale Of Investments	200K	-	-3.2M	-1M	-2.4M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	800K	-10.5M	-54.6M	-14.3M	2.9M
EBT, Incl. Unusual Items	119M	122M	-435M	-68.7M	-79.6M
Income Tax Expense	28.6M	32.5M	-109M	-19.2M	-22.6M
Earnings From Continuing Operations	90.2M	89.2M	-326M	-49.5M	-57M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	90.2M	89.2M	-326M	-49.5M	-57M
Minority Interest	-18M	-14.8M	400K	-11.5M	-10.1M
Net Income - (IS)	72.2M	74.4M	-326M	-61M	-67.1M
Net Income to Common Incl Extra Items	72.2M	74.4M	-326M	-61M	-67.1M
Net Income to Common Excl. Extra Items	72.2M	74.4M	-326M	-61M	-67.1M
Per Share Items
Net EPS - Basic	41.29	42.55	-186.23	-34.89	-38.38
Basic EPS - Continuing Operations	41.29	42.55	-186.23	-34.89	-38.38
Basic Weighted Average Shares Outstanding	1.75M	1.75M	1.75M	1.75M	1.75M
Net EPS - Diluted	41.29	42.55	-186.23	-34.89	-38.38
Diluted EPS - Continuing Operations	41.29	42.55	-186.23	-34.89	-38.38
Diluted Weighted Average Shares Outstanding	1.75M	1.75M	1.75M	1.75M	1.75M
Normalized Basic EPS	32.64	38.79	-134.58	-24.92	-34.41
Normalized Diluted EPS	32.64	38.79	-134.58	-24.92	-34.41
Supplemental Items
EBITDA	154M	134M	-205M	27.7M	-7.1M
EBITA	150M	115M	-309M	39.3M	-37M
EBIT	148M	111M	-328M	19.7M	-37.8M
Effective Tax Rate - (Ratio)	24.07	26.7	25.04	27.95	28.39
Current Domestic Taxes	19.7M	-	-	-	-
Total Current Taxes	19.7M	23.3M	-500K	700K	700K
Deferred Domestic Taxes	8.9M	-	-	-	-
Total Deferred Taxes	8.9M	9.3M	-108M	-19.8M	-23.3M
Normalized Net Income	57.06M	67.82M	-235M	-43.56M	-60.16M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	103M	104M	89.3M	74.9M	50.6M
Stock-Based Comp., SG&A Exp. (Total)	-700K	-3.7M	3.1M	3.3M	-
Stock-Based Comp., Other (Total)	-	-	-	-	2.7M
Total Stock-Based Compensation	-700K	-3.7M	3.1M	3.3M	2.7M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.36B	799M	559M	653M	262M
Trading Asset Securities, Total	-	-	-	2.9M	-
Total Cash And Short Term Investments	1.36B	799M	559M	656M	262M
Accounts Receivable, Total	1B	1.03B	823M	759M	716M
Other Receivables	330M	333M	414M	449M	288M
Notes Receivable	-	-	-	-	-
Total Receivables	1.33B	1.36B	1.24B	1.21B	1B
Inventory	883M	1.12B	1.09B	938M	901M
Prepaid Expenses	45.9M	58.5M	53.9M	45.4M	104M
Other Current Assets, Total	65.9M	128M	75.5M	95.1M	291M
Total Current Assets	3.68B	3.46B	3.02B	2.94B	2.56B
Net Property Plant And Equipment	153M	160M	148M	280M	260M
Long-term Investments	63.2M	81M	28M	27.9M	48.7M
Goodwill	192M	197M	218M	229M	218M
Other Intangibles, Total	112M	117M	122M	103M	101M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	1.2M	-	23.1M	40.1M	59.8M
Other Long-Term Assets, Total	283M	261M	198M	175M	103M
Total Assets	4.48B	4.28B	3.75B	3.8B	3.35B
Liabilities
Accounts Payable, Total	967M	904M	1.11B	1.26B	1.03B
Accrued Expenses, Total	342M	338M	291M	292M	244M
Short-term Borrowings	369M	246M	47M	1.3M	147M
Current Portion of Long-Term Debt	361M	289M	273M	629M	399M
Current Portion of Leases	16.5M	18.1M	18.4M	20.7M	21.9M
Current Income Taxes Payable	14.9M	5.8M	400K	1.2M	800K
Unearned Revenue Current, Total	171M	354M	265M	142M	127M
Other Current Liabilities	132M	129M	159M	173M	264M
Total Current Liabilities	2.37B	2.28B	2.16B	2.52B	2.24B
Long-Term Debt	807M	604M	594M	355M	275M
Long-Term Leases	141M	149M	134M	122M	106M
Pension & Other Post Retirement Benefits	10.4M	8.9M	9.4M	9M	8.1M
Deferred Tax Liability Non Current	64.9M	76M	1M	1.2M	-
Other Non Current Liabilities	7.3M	9.4M	48.4M	42.8M	42.8M
Total Liabilities	3.4B	3.13B	2.95B	3.05B	2.67B
Common Stock, Total	2.6M	2.6M	2.6M	2.6M	2.6M
Additional Paid In Capital	76.3M	76.3M	76.3M	76.3M	76.3M
Retained Earnings	72.2M	74.4M	-326M	-61M	-67.1M
Comprehensive Income and Other	875M	947M	1.02B	699M	647M
Total Common Equity	1.03B	1.1B	776M	717M	659M
Minority Interest	53.2M	45M	30.6M	33.9M	23.7M
Total Equity	1.08B	1.14B	807M	751M	683M
Total Liabilities And Equity	4.48B	4.28B	3.75B	3.8B	3.35B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.75M	1.75M	1.75M	1.75M	1.75M
ECS Total Common Shares Outstanding	1.75M	1.75M	1.75M	1.75M	1.75M
Book Value / Share	586.18	628.47	443.66	409.71	376.45
Tangible Book Value	722M	786M	436M	385M	340M
Tangible Book Value Per Share	412.44	448.96	249.29	220.02	194.14
Total Debt	1.69B	1.31B	1.07B	1.13B	948M
Net Debt	340M	508M	507M	471M	687M
Minority Interest, Total (Incl. Fin. Div)	53.2M	45M	30.6M	33.9M	23.7M
Equity Method Investments, Total	63.2M	81M	28M	27.9M	48.7M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	900M	1.14B	1.21B	1.06B	1.07B
Full Time Employees	1.5K	1.53K	1.66K	1.46K	1.12K
Part Time Employees	-	-	-	49	49
Accumulated Allowance for Doubtful Accounts (Supple)	1.3M	1.3M	1.5M	2.3M	2.8M
Order Backlog	4.14B	3.84B	2.85B	2.56B	2.3B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	72.2M	74.4M	-326M	-61M	-67.1M
Depreciation & Amortization - CF	20.5M	21.4M	11.2M	7.8M	29.9M
Amortization of Goodwill and Intangible Assets - (CF)	2.1M	3.5M	19.6M	19.6M	800K
Depreciation & Amortization, Total	22.6M	24.9M	30.8M	27.4M	30.7M
Amortization of Deferred Charges, Total - (CF)	1.8M	-	1.9M	1.9M	1.5M
(Gain) Loss From Sale Of Asset	-400K	1M	3.3M	400K	-1.3M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-2M	8.6M	17.2M	27.8M	11.7M
(Income) Loss On Equity Investments - (CF)	-6.2M	-42.2M	3.6M	11.1M	6M
Stock-Based Compensation (CF)	-700K	-3.7M	1M	-200K	10.3M
Other Operating Activities, Total	65M	46.6M	-11.6M	52M	8M
Change In Accounts Receivable	3.6M	28.4M	412M	68.4M	49.9M
Change In Inventories	-35.4M	-177M	158M	145M	92.1M
Change In Accounts Payable	-99.6M	-83.9M	129M	158M	-217M
Change in Unearned Revenues	-9.2M	183M	-94.4M	-126M	-23.6M
Change in Other Net Operating Assets	39.9M	-76.6M	-213M	-48.2M	14.3M
Cash from Operations	51.6M	-16.6M	113M	256M	-84.5M
Capital Expenditure	-9.9M	-1.8M	-900K	-28.7M	-101M
Sale of Property, Plant, and Equipment	3.1M	3.5M	2.6M	2.4M	200K
Cash Acquisitions	16.7M	-3.7M	4.8M	-16.8M	-300K
Divestitures	2M	5.6M	0	100K	17.4M
Investment in Marketable and Equity Securities, Total	-20.7M	-81.3M	13.8M	-7M	-41.2M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-10.9M	34.5M	-6.5M	1M	20.9M
Other Investing Activities, Total	27M	22.7M	49.8M	35M	23.3M
Cash from Investing	7.3M	-20.5M	63.6M	-14M	-81M
Long-Term Debt Issued, Total	701M	216M	126M	314M	425M
Total Debt Issued	701M	216M	126M	314M	425M
Long-Term Debt Repaid, Total	-547M	-698M	-508M	-348M	-590M
Total Debt Repaid	-547M	-698M	-508M	-348M	-590M
Repurchase of Common Stock	-	-	-100K	-	-
Other Financing Activities, Total	-51.5M	-49.1M	-56.4M	-68.4M	-64.9M
Cash from Financing	103M	-531M	-439M	-102M	-229M
Miscellaneous Cash Flow Adjustments	-	-	-	-100K	-2.1M
Net Change in Cash	162M	-568M	-263M	140M	-397M
Supplemental Items
Cash Interest Paid	34.8M	26.6M	43.4M	62.1M	43.9M
Cash Income Tax Paid (Refund)	18.1M	25.5M	21M	-15.1M	1.5M
Levered Free Cash Flow	-19.08M	-157M	110M	205M	-319M
Unlevered Free Cash Flow	-5.31M	-145M	124M	229M	-299M
Change In Net Working Capital	110M	234M	-296M	-215M	207M
Net Debt Issued / Repaid	154M	-482M	-382M	-34.1M	-164M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.12	1.59	-5.11	0.33	-0.66
Return on Total Capital	3.53	2.66	-9.49	0.66	-1.35
Return On Equity %	8.67	8.02	-33.4	-6.35	-7.95
Return on Common Equity	7.31	7	-34.7	-8.17	-9.75
Margin Analysis
Gross Profit Margin %	18.7	19.44	13.66	14.72	15.55
SG&A Margin	12.55	13.57	14.31	12.73	14.97
EBITDA Margin %	5.13	4.52	-7.86	1.06	-0.36
EBITA Margin %	4.99	3.87	-11.85	1.51	-1.87
EBIT Margin %	4.92	3.76	-12.61	0.76	-1.91
Income From Continuing Operations Margin %	3.01	3.01	-12.52	-1.9	-2.88
Net Income Margin %	2.41	2.51	-12.5	-2.34	-3.39
Net Avail. For Common Margin %	2.41	2.51	-12.5	-2.34	-3.39
Normalized Net Income Margin	1.9	2.29	-9.03	-1.67	-3.04
Levered Free Cash Flow Margin	-0.64	-5.3	4.23	7.84	-16.14
Unlevered Free Cash Flow Margin	-0.18	-4.88	4.75	8.79	-15.09
Asset Turnover
Asset Turnover	0.69	0.68	0.65	0.69	0.55
Fixed Assets Turnover	18.97	18.97	16.92	12.21	7.34
Receivables Turnover (Average Receivables)	3	2.93	2.82	3.3	2.68
Inventory Turnover (Average Inventory)	2.82	2.39	2.04	2.19	1.82
Short Term Liquidity
Current Ratio	1.55	1.51	1.4	1.17	1.14
Quick Ratio	1.13	0.94	0.83	0.74	0.57
Operating Cash Flow to Current Liabilities	0.02	-0.01	0.05	0.1	-0.04
Days Sales Outstanding (Average Receivables)	121.79	124.66	129.58	110.94	136.07
Days Outstanding Inventory (Average Inventory)	129.4	152.77	179.19	166.92	200.92
Average Days Payable Outstanding	149.88	130.24	165.82	208.84	254.86
Cash Conversion Cycle (Average Days)	101.31	147.19	142.95	69.02	82.12
Long Term Solvency
Total Debt/Equity	157.05	114.12	132.1	150.13	138.95
Total Debt / Total Capital	61.1	53.3	56.92	60.02	58.15
LT Debt/Equity	87.84	65.81	90.14	63.48	55.77
Long-Term Debt / Total Capital	34.17	30.73	38.84	25.38	23.34
Total Liabilities / Total Assets	75.93	73.23	78.5	80.22	79.64
EBIT / Interest Expense	5.92	5.49	-13.45	0.46	-1.06
EBITDA / Interest Expense	6.83	8.71	-6.04	1.11	-0.2
(EBITDA - Capex) / Interest Expense	6.43	8.63	-6.08	0.43	-3.04
Total Debt / EBITDA	9.96	7.39	-7.23	23.94	-133.59
Net Debt / EBITDA	2	2.87	-3.44	10	-96.75
Total Debt / (EBITDA - Capex)	10.58	7.46	-7.19	61.28	-8.75
Net Debt / (EBITDA - Capex)	2.12	2.9	-3.42	25.61	-6.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.56	-1.11	-12.2	0.15	-24.16
Gross Profit, 1 Yr. Growth %	4.96	2.85	-38.3	7.92	-19.92
EBITDA, 1 Yr. Growth %	-6.56	-21.22	-250.26	-109.13	-115.07
EBITA, 1 Yr. Growth %	8.09	-23.2	-368.67	-112.73	-194.15
EBIT, 1 Yr. Growth %	7.04	-24.47	-394.7	-106	-291.88
Earnings From Cont. Operations, 1 Yr. Growth %	-0.22	-1.11	-465.47	-84.82	15.15
Net Income, 1 Yr. Growth %	4.03	3.05	-537.63	-81.27	10
Normalized Net Income, 1 Yr. Growth %	0.77	21.93	-446.9	-81.49	38.11
Diluted EPS Before Extra, 1 Yr. Growth %	4.04	3.05	-537.65	-81.27	10
Accounts Receivable, 1 Yr. Growth %	-0.27	2.7	-19.86	-7.78	-5.58
Inventory, 1 Yr. Growth %	4.43	26.43	-2.33	-14.02	-3.92
Net Property, Plant and Equip., 1 Yr. Growth %	-6.61	4.85	-7.68	89.17	-7.12
Total Assets, 1 Yr. Growth %	6.67	-4.59	-12.26	1.17	-11.72
Tangible Book Value, 1 Yr. Growth %	11.65	8.84	-44.48	-11.74	-11.76
Common Equity, 1 Yr. Growth %	8.01	7.2	-29.41	-7.65	-8.12
Cash From Operations, 1 Yr. Growth %	-83.51	-132.23	-778.31	127.62	-132.97
Capital Expenditures, 1 Yr. Growth %	-45	-81.82	-50	3.09K	252.96
Levered Free Cash Flow, 1 Yr. Growth %	-107.86	724.97	-170.07	96	-258.33
Unlevered Free Cash Flow, 1 Yr. Growth %	-102.08	2.62K	-185.44	94.72	-231.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.08	-0.84	-6.82	-6.22	-12.85
Gross Profit, 2 Yr. CAGR %	-2.32	3.9	-20.34	-18.4	-7.03
EBITDA, 2 Yr. CAGR %	-0.32	-9.8	9.73	-54.92	-84.7
EBITA, 2 Yr. CAGR %	6.82	-8.88	43.65	-41.52	-65.38
EBIT, 2 Yr. CAGR %	7.1	-10.09	49.19	-57.95	-66.07
Earnings From Cont. Operations, 2 Yr. CAGR %	-2.71	-0.67	90.11	-25.51	-58.19
Net Income, 2 Yr. CAGR %	-5.59	3.54	112.36	-9.45	-54.6
Normalized Net Income, 2 Yr. CAGR %	-5.26	9.44	105.67	-19.86	-49.43
Diluted EPS Before Extra, 2 Yr. CAGR %	-5.57	3.54	112.37	-9.45	-54.6
Accounts Receivable, 2 Yr. CAGR %	10.24	1.2	-9.28	-14.03	-6.69
Inventory, 2 Yr. CAGR %	-8.32	14.91	11.13	-8.36	-9.11
Net Property, Plant and Equip., 2 Yr. CAGR %	93.94	-1.05	-1.62	32.15	32.56
Total Assets, 2 Yr. CAGR %	10.33	0.88	-8.5	-5.78	-5.5
Tangible Book Value, 2 Yr. CAGR %	11.77	10.24	-22.26	-29.99	-11.75
Common Equity, 2 Yr. CAGR %	7.92	7.61	-13.01	-19.26	-7.88
Cash From Operations, 2 Yr. CAGR %	-45.79	-76.97	47.86	292.93	-13.37
Capital Expenditures, 2 Yr. CAGR %	27.4	-68.38	-69.85	299.3	960.92
Levered Free Cash Flow, 2 Yr. CAGR %	-54.3	-19.47	140.43	14.01	74.91
Unlevered Free Cash Flow, 2 Yr. CAGR %	-77.34	-24.65	382.37	25.87	59.25
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.45	-1.09	-4.78	-4.55	-12.63
Gross Profit, 3 Yr. CAGR %	3.24	-0.62	-12.67	-11.85	-18.91
EBITDA, 3 Yr. CAGR %	6.84	-4.72	7.53	-45.39	-62.65
EBITA, 3 Yr. CAGR %	7.33	-4.3	30.66	-35.95	-31.46
EBIT, 3 Yr. CAGR %	7.3	-4.67	33.56	-48.88	-30.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-31.76	-2.18	53.35	-18.13	-13.87
Net Income, 3 Yr. CAGR %	-35.57	-2.79	67.41	-5.46	-3.38
Normalized Net Income, 3 Yr. CAGR %	0.05	2.18	60.77	-7.82	-3.92
Diluted EPS Before Extra, 3 Yr. CAGR %	-35.57	-2.78	67.41	-5.46	-3.38
Accounts Receivable, 3 Yr. CAGR %	22.98	7.67	-6.37	-8.78	-11.31
Inventory, 3 Yr. CAGR %	-3.17	2.04	8.85	2.02	-6.9
Net Property, Plant and Equip., 3 Yr. CAGR %	103.2	57.99	-3.31	22.34	17.5
Total Assets, 3 Yr. CAGR %	13.87	5.11	-3.7	-5.39	-7.81
Tangible Book Value, 3 Yr. CAGR %	11.65	10.79	-12.29	-18.9	-24.38
Common Equity, 3 Yr. CAGR %	8.52	7.68	-6.5	-11.26	-15.7
Cash From Operations, 3 Yr. CAGR %	-1.93	-54.45	-28.88	70.73	72.02
Capital Expenditures, 3 Yr. CAGR %	8.74	-33.42	-63.16	42.59	283.22
Levered Free Cash Flow, 3 Yr. CAGR %	-47.01	19.88	-23.12	120.52	26.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	-64.39	11.82	-21.43	250.74	27.31
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	15.31	9.51	2.06	-3.18	-8.09
Gross Profit, 5 Yr. CAGR %	13.04	6.32	-6.93	-8.15	-10.46
EBITDA, 5 Yr. CAGR %	19.83	5.34	10.17	-29.13	-46.68
EBITA, 5 Yr. CAGR %	20.17	2.78	20.6	-21.41	-23.19
EBIT, 5 Yr. CAGR %	22.35	3.59	22.42	-31.29	-22.79
Earnings From Cont. Operations, 5 Yr. CAGR %	17.78	0.36	2.8	-12.28	-8.81
Net Income, 5 Yr. CAGR %	12.82	-1.32	3.82	-5.51	-0.67
Normalized Net Income, 5 Yr. CAGR %	8.05	1.4	32.8	-7.28	1.22
Diluted EPS Before Extra, 5 Yr. CAGR %	14.14	-1.31	3.82	-5.51	-0.67
Accounts Receivable, 5 Yr. CAGR %	48.74	40.22	8.89	-1.6	-6.5
Inventory, 5 Yr. CAGR %	-1.64	-2.62	2.31	-2.25	1.27
Net Property, Plant and Equip., 5 Yr. CAGR %	63.42	59.31	52.03	47.1	9.7
Total Assets, 5 Yr. CAGR %	14.75	7.69	4.33	0.61	-4.42
Tangible Book Value, 5 Yr. CAGR %	33.79	25.33	-3.4	-7.8	-12.07
Common Equity, 5 Yr. CAGR %	20.31	17.66	-0.67	-4.03	-7.05
Cash From Operations, 5 Yr. CAGR %	11.83	-5.22	15.53	7.86	-23.04
Capital Expenditures, 5 Yr. CAGR %	13.74	-25.03	-34.9	36.3	41.28
Levered Free Cash Flow, 5 Yr. CAGR %	-25.92	68.06	-2.97	17.5	5.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	-41.31	101.78	0.99	17.24	3.22