Income Statement CSP International Fashion Group S.p.A.

Stocks

CSP

IT0001127874

Apparel & Accessories

Market Closed - Borsa Italiana 11:45:00 2026-08-24 EDT			5-day change	1st Jan Change
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07-27	Risk repricing on the boards, Cucinelli tops the list	AN
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Published financial data: CSP INTERNATIONAL FASHION GROUP S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	90.99M	94.2M	91.56M	88.9M	86.66M
Total Revenues	90.99M	94.2M	91.56M	88.9M	86.66M
Cost of Goods Sold, Total	60.94M	64.16M	62.06M	60.77M	57.62M
Gross Profit	30.05M	30.04M	29.51M	28.12M	29.04M
Selling General & Admin Expenses, Total	26.03M	27.08M	27.25M	26.95M	27.1M
Provision for Bad Debts	150K	-55K	58K	84K	133K
Depreciation & Amortization - (IS)	2.14M	1.94M	1.62M	1.5M	1.52M
Other Operating Expenses	171K	-249K	474K	360K	-780K
Other Operating Expenses, Total	28.49M	28.71M	29.41M	28.89M	27.98M
Operating Income	1.56M	1.33M	104K	-769K	1.06M
Interest Expense, Total	-282K	-260K	-827K	-923K	-803K
Interest And Investment Income	38K	39K	105K	191K	89K
Net Interest Expenses	-244K	-221K	-722K	-732K	-714K
Currency Exchange Gains (Loss)	350K	-122K	36K	302K	-286K
Other Non Operating Income (Expenses)	-	-1K	-	100K	-
EBT, Excl. Unusual Items	1.67M	988K	-582K	-1.1M	63K
Restructuring Charges	-413K	-69K	-182K	-	-
Impairment of Goodwill	-437K	-	-	-	-
Gain (Loss) On Sale Of Assets	741K	-215K	124K	-41K	153K
Asset Writedown	-300K	-	-	-	-441K
Other Unusual Items	1.15M	950K	1.15M	1.36M	-
EBT, Incl. Unusual Items	2.41M	1.65M	511K	223K	-225K
Income Tax Expense	1.66M	1.11M	402K	588K	485K
Earnings From Continuing Operations	751K	544K	109K	-365K	-710K
Net Income to Company	751K	544K	109K	-365K	-710K
Net Income - (IS)	751K	544K	109K	-365K	-710K
Net Income to Common Incl Extra Items	751K	544K	109K	-365K	-710K
Net Income to Common Excl. Extra Items	751K	544K	109K	-365K	-710K
Per Share Items
Net EPS - Basic	0.02	0.01	0	-0.01	-0.02
Basic EPS - Continuing Operations	0.02	0.01	0	-0.01	-0.02
Basic Weighted Average Shares Outstanding	32.65M	38.86M	36.33M	40.56M	39.95M
Net EPS - Diluted	0.02	0.01	0	-0.01	-0.02
Diluted EPS - Continuing Operations	0.02	0.01	0	-0.01	-0.02
Diluted Weighted Average Shares Outstanding	32.65M	38.86M	36.33M	40.56M	39.95M
Normalized Basic EPS	0.03	0.02	-0.01	-0.02	0
Normalized Diluted EPS	0.03	0.02	-0.01	-0.02	0
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	3.35M	2.83M	1.58M	735K	2.54M
EBITA	1.56M	1.33M	104K	-769K	1.06M
EBIT	1.56M	1.33M	104K	-769K	1.06M
EBITDAR	3.44M	2.98M	1.86M	968K	2.66M
Effective Tax Rate - (Ratio)	68.81	67.11	78.67	263.68	-215.56
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	1.68M	918K	817K	476K	588K
Total Deferred Taxes	-28K	192K	-415K	112K	-103K
Normalized Net Income	1.04M	618K	-364K	-687K	39.38K
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	-	-	-	-323K	-
Supplemental Operating Expense Items
Advertising Expense	4.69M	5.34M	5.33M	5.07M	5.22M
Selling and Marketing Expenses	4.56M	5.2M	5.19M	4.93M	5.07M
General and Administrative Expenses	2.03M	1.79M	1.8M	2.02M	2.24M
Net Rental Expense, Total	95K	149K	279K	233K	117K
Imputed Operating Lease Interest Expense	11.74K	19.29K	114K	111K	57.04K
Imputed Operating Lease Depreciation	83.26K	130K	165K	122K	59.96K
Maintenance & Repair Expenses, Total	824K	594K	577K	546K	517K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	22.82M	13.12M	12.69M	11.66M	9.71M
Total Cash And Short Term Investments	22.82M	13.12M	12.69M	11.66M	9.71M
Accounts Receivable, Total	19.19M	18.58M	17.53M	17.26M	16.14M
Other Receivables	1.7M	1.89M	1.99M	1.32M	706K
Total Receivables	20.89M	20.47M	19.52M	18.59M	16.85M
Inventory	28.05M	37.46M	35.99M	32.68M	35.4M
Prepaid Expenses	610K	776K	532K	630K	626K
Other Current Assets, Total	199K	914K	547K	624K	655K
Total Current Assets	72.57M	72.73M	69.28M	64.18M	63.24M
Gross Property Plant And Equipment	120M	120M	116M	115M	117M
Accumulated Depreciation	-101M	-100M	-96.14M	-97.13M	-98.8M
Net Property Plant And Equipment	19.32M	19.58M	19.95M	18.37M	17.8M
Long-term Investments	8K	8K	8K	8K	8K
Goodwill	8.37M	8.37M	8.37M	8.37M	8.37M
Other Intangibles, Total	3.41M	3.24M	3.15M	3.43M	3.4M
Deferred Tax Assets Long-Term	584K	279K	384K	269K	350K
Other Long-Term Assets, Total	26K	31K	25K	24K	16K
Total Assets	104M	104M	101M	94.65M	93.18M
Liabilities
Accounts Payable, Total	20.65M	22.63M	17.43M	16.72M	16.56M
Accrued Expenses, Total	8.04M	7.23M	6.94M	6.95M	6.7M
Short-term Borrowings	2.02M	-	742K	1.11M	3.25M
Current Portion of Long-Term Debt	2.88M	2.42M	3.08M	2.81M	2.47M
Current Portion of Leases	1.25M	1.19M	1.24M	1.09M	1.13M
Current Income Taxes Payable	1.26M	192K	167K	188K	121K
Other Current Liabilities	120K	281K	301K	47K	304K
Total Current Liabilities	36.21M	33.95M	29.91M	28.92M	30.54M
Long-Term Debt	6.24M	6.19M	8.43M	4.99M	2.51M
Long-Term Leases	5.08M	4.86M	4.24M	3.39M	3.6M
Deferred Tax Liability Non Current	77K	77K	77K	77K	77K
Other Non Current Liabilities	8M	6.82M	6.15M	5.22M	5M
Total Liabilities	55.61M	51.89M	48.81M	42.6M	41.73M
Common Stock, Total	17.3M	17.36M	17.36M	17.36M	17.36M
Additional Paid In Capital	21.86M	23.9M	23.91M	23.91M	23.91M
Retained Earnings	3.72M	3.51M	3.24M	2.83M	2.5M
Treasury Stock	-888K	-888K	-888K	-888K	-888K
Comprehensive Income and Other	6.7M	8.47M	8.73M	8.85M	8.58M
Total Common Equity	48.69M	52.36M	52.36M	52.06M	51.46M
Total Equity	48.69M	52.36M	52.36M	52.06M	51.46M
Total Liabilities And Equity	104M	104M	101M	94.65M	93.18M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	32.26M	38.95M	38.95M	38.95M	38.95M
ECS Total Common Shares Outstanding	32.26M	38.95M	38.95M	38.95M	38.95M
Book Value / Share	1.51	1.34	1.34	1.34	1.32
Tangible Book Value	36.91M	40.74M	40.84M	40.25M	39.68M
Tangible Book Value Per Share	1.14	1.05	1.05	1.03	1.02
Total Debt	17.47M	14.66M	17.74M	13.39M	12.97M
Net Debt	-5.36M	1.54M	5.05M	1.73M	3.25M
Debt Equivalent Oper. Leases	760K	1.19M	2.23M	1.86M	936K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	6.69M	7.59M	6.37M	5.84M	5.69M
Inventories - Work In Process, Total	5.79M	7.12M	6.81M	5.75M	5.94M
Inventories - Finished Goods, Total	21.44M	28.48M	28.45M	25.97M	29.23M
Land - (BS)	33.33M	33.28M	33.73M	33.63M	33.64M
Machinery, Total	60.58M	58.54M	58.43M	59.95M	59.54M
Full Time Employees	617	586	469	459	449
Part Time Employees	-	-	119	114	89
Accumulated Allowance for Doubtful Accounts (Supple)	802K	606K	561K	643K	476K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	751K	544K	109K	-365K	-710K
Depreciation & Amortization - CF	3.2M	2.88M	2.72M	2.75M	2.75M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	3.2M	2.88M	2.72M	2.75M	2.75M
Amortization of Deferred Charges, Total - (CF)	244K	140K	60K	28K	59K
(Gain) Loss From Sale Of Asset	-740K	65K	-126K	41K	-153K
Asset Writedown & Restructuring Costs	737K	30K	100K	-	441K
Other Operating Activities, Total	365K	-137K	-323K	-13K	681K
Change In Accounts Receivable	-3.13M	491K	1.08M	266K	1.12M
Change In Inventories	2.47M	-9.41M	1.47M	3.31M	-2.72M
Change In Accounts Payable	4.84M	1.82M	-5.2M	-697K	-618K
Change in Other Net Operating Assets	1.06M	-2.54M	-103K	80K	169K
Cash from Operations	9.8M	-6.12M	-206K	5.4M	1.02M
Capital Expenditure	-625K	-2.26M	-2.62M	-1.11M	-571K
Sale of Property, Plant, and Equipment	928K	191K	352K	31K	249K
Cash Acquisitions	-	-30K	-	-	-
Sale (Purchase) of Intangible assets	-64K	46K	-748K	-565K	-2.08M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-10K	-4K	6K	-	-
Other Investing Activities, Total	-	-	-	-	-1K
Cash from Investing	229K	-2.06M	-3.01M	-1.65M	-2.4M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	3.08M	-	-
Total Debt Issued	-	-	3.08M	-	-
Long-Term Debt Repaid, Total	-5.52M	-3.88M	-	-4.35M	-353K
Total Debt Repaid	-5.52M	-3.88M	-	-4.35M	-353K
Issuance of Common Stock	-	2.42M	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-69K	-72K	-290K	-426K	-218K
Cash from Financing	-5.59M	-1.53M	2.79M	-4.78M	-571K
Net Change in Cash	4.44M	-9.71M	-430K	-1.03M	-1.95M
Supplemental Items
Cash Interest Paid	244K	317K	722K	471K	790K
Cash Income Tax Paid (Refund)	393K	1.04M	191K	167K	188K
Levered Free Cash Flow	9.7M	-8.12M	-3.51M	3.18M	-910K
Unlevered Free Cash Flow	9.88M	-7.96M	-2.99M	3.76M	-409K
Change In Net Working Capital	-6.14M	9.59M	2.47M	-3.14M	1.24M
Net Debt Issued / Repaid	-5.52M	-3.88M	3.08M	-4.35M	-353K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.96	0.8	0.06	-0.49	0.71
Return on Total Capital	1.47	1.25	0.09	-0.71	1.02
Return On Equity %	1.56	1.08	0.21	-0.7	-1.37
Return on Common Equity	1.56	1.08	0.21	-0.7	-1.37
Margin Analysis
Gross Profit Margin %	33.03	31.89	32.23	31.64	33.51
SG&A Margin	28.61	28.74	29.76	30.32	31.27
EBITDA Margin %	3.68	3	1.72	0.83	2.94
EBITA Margin %	1.71	1.41	0.11	-0.86	1.23
EBIT Margin %	1.71	1.41	0.11	-0.86	1.23
Income From Continuing Operations Margin %	0.83	0.58	0.12	-0.41	-0.82
Net Income Margin %	0.83	0.58	0.12	-0.41	-0.82
Net Avail. For Common Margin %	0.83	0.58	0.12	-0.41	-0.82
Normalized Net Income Margin	1.14	0.66	-0.4	-0.77	0.05
Levered Free Cash Flow Margin	10.66	-8.62	-3.83	3.58	-1.05
Unlevered Free Cash Flow Margin	10.85	-8.45	-3.27	4.22	-0.47
Asset Turnover
Asset Turnover	0.89	0.9	0.89	0.91	0.92
Fixed Assets Turnover	4.83	4.84	4.63	4.64	4.79
Receivables Turnover (Average Receivables)	5.22	4.99	5.07	5.11	5.19
Inventory Turnover (Average Inventory)	2.08	1.96	1.69	1.77	1.69
Short Term Liquidity
Current Ratio	2	2.14	2.32	2.22	2.07
Quick Ratio	1.21	0.99	1.08	1.05	0.87
Operating Cash Flow to Current Liabilities	0.27	-0.18	-0.01	0.19	0.03
Days Sales Outstanding (Average Receivables)	69.99	73.17	71.96	71.63	70.35
Days Outstanding Inventory (Average Inventory)	175.41	186.36	216	206.78	215.6
Average Days Payable Outstanding	113.79	107.37	120.69	108.78	101.14
Cash Conversion Cycle (Average Days)	131.61	152.15	167.28	169.62	184.81
Long Term Solvency
Total Debt/Equity	35.88	28	33.88	25.71	25.2
Total Debt / Total Capital	26.4	21.88	25.31	20.45	20.13
LT Debt/Equity	23.25	21.1	24.21	16.09	11.88
Long-Term Debt / Total Capital	17.11	16.49	18.08	12.8	9.49
Total Liabilities / Total Assets	53.32	49.78	48.24	45	44.78
EBIT / Interest Expense	5.53	5.12	0.13	-0.83	1.32
EBITDA / Interest Expense	16.89	16.2	3.42	2.15	4.75
(EBITDA - Capex) / Interest Expense	14.68	7.49	0.24	0.94	4.04
Total Debt / EBITDA	3.67	3.48	6.28	6.75	3.4
Net Debt / EBITDA	-1.12	0.37	1.79	0.87	0.85
Total Debt / (EBITDA - Capex)	4.22	7.53	87.82	15.4	3.99
Net Debt / (EBITDA - Capex)	-1.29	0.79	25.01	1.99	1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.72	3.52	-2.8	-2.84	-2.51
Gross Profit, 1 Yr. Growth %	24.58	-0.03	-1.77	-4.48	3.26
EBITDA, 1 Yr. Growth %	-222.65	-15.54	-44.15	-51.39	21.26
EBITA, 1 Yr. Growth %	-133.19	-14.62	-92.19	-2.18K	78.96
EBIT, 1 Yr. Growth %	-133.19	-14.62	-92.19	-2.18K	78.96
Earnings From Cont. Operations, 1 Yr. Growth %	-112.16	-27.56	-79.96	-434.86	94.52
Net Income, 1 Yr. Growth %	-112.16	-27.56	-79.96	-434.86	94.52
Normalized Net Income, 1 Yr. Growth %	-132.08	-40.7	-158.91	88.83	-76.14
Diluted EPS Before Extra, 1 Yr. Growth %	-112.37	-39.13	-78.57	-400	97.01
Accounts Receivable, 1 Yr. Growth %	22.18	-3.19	-5.63	-1.52	-6.49
Inventory, 1 Yr. Growth %	-8.08	33.53	-3.93	-9.2	8.32
Net Property, Plant and Equip., 1 Yr. Growth %	5.45	1.35	1.88	-7.94	-3.1
Total Assets, 1 Yr. Growth %	5.19	-0.05	-2.95	-6.44	-1.72
Tangible Book Value, 1 Yr. Growth %	5.05	10.4	0.23	-1.43	-1.41
Common Equity, 1 Yr. Growth %	1.66	7.54	0	-0.57	-1.15
Cash From Operations, 1 Yr. Growth %	595.88	-162.42	-96.63	-2.72K	-81.03
Capital Expenditures, 1 Yr. Growth %	380.77	262.24	15.86	-57.53	-48.74
Levered Free Cash Flow, 1 Yr. Growth %	141.18	-183.72	-56.8	-190.58	-120.95
Unlevered Free Cash Flow, 1 Yr. Growth %	134.14	-180.58	-62.42	-223.78	-108.41
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.48	6.58	0.31	-2.86	-2.68
Gross Profit, 2 Yr. CAGR %	-6.21	11.6	-0.91	-3.24	-0.68
EBITDA, 2 Yr. CAGR %	91.68	1.78	-31.31	-49.01	29.71
EBITA, 2 Yr. CAGR %	14.98	-46.76	-74.18	-24.02	436
EBIT, 2 Yr. CAGR %	14.98	-46.76	-74.18	-24.02	436
Earnings From Cont. Operations, 2 Yr. CAGR %	-53.3	-70.32	-61.9	-18.09	155.22
Net Income, 2 Yr. CAGR %	-53.3	-70.32	-61.9	-18.09	155.22
Normalized Net Income, 2 Yr. CAGR %	6.68	-56.38	-40.9	5.47	-67.1
Diluted EPS Before Extra, 2 Yr. CAGR %	-52.97	-72.56	-63.88	-19.82	144.94
Accounts Receivable, 2 Yr. CAGR %	-10.6	8.75	-4.42	-3.6	-4.03
Inventory, 2 Yr. CAGR %	-11.01	10.79	13.26	-6.6	-0.82
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.58	3.38	1.61	-3.15	-5.55
Total Assets, 2 Yr. CAGR %	-6.14	2.54	-1.51	-4.71	-4.03
Tangible Book Value, 2 Yr. CAGR %	-5.33	7.69	5.19	-0.6	-1.42
Common Equity, 2 Yr. CAGR %	-5.15	4.56	3.7	-0.28	-0.86
Cash From Operations, 2 Yr. CAGR %	127.03	108.42	-85.5	-6.02	123.06
Capital Expenditures, 2 Yr. CAGR %	-46.23	317.32	104.86	-29.85	-53.34
Levered Free Cash Flow, 2 Yr. CAGR %	165.9	42.09	-39.87	-37.44	-49.06
Unlevered Free Cash Flow, 2 Yr. CAGR %	150.86	37.35	-44.97	-31.31	-63.3
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-6.57	-4.64	3.36	-0.77	-2.74
Gross Profit, 3 Yr. CAGR %	-6.85	-4.19	6.95	-2.18	-1.12
EBITDA, 3 Yr. CAGR %	58.85	45.86	-16.67	-39.67	-3.45
EBITA, 3 Yr. CAGR %	6.32	4.12	-71.93	-21	-7.24
EBIT, 3 Yr. CAGR %	-10.43	4.12	-71.93	-21	-7.24
Earnings From Cont. Operations, 3 Yr. CAGR %	-60.07	-45.94	-73.97	-21.38	9.28
Net Income, 3 Yr. CAGR %	-60.07	-45.94	-73.97	-21.38	9.28
Normalized Net Income, 3 Yr. CAGR %	-7.07	-12.29	-51.79	-12.95	-60.05
Diluted EPS Before Extra, 3 Yr. CAGR %	-59.84	-48.75	-74.73	-26.86	8.74
Accounts Receivable, 3 Yr. CAGR %	-6.5	-8.2	3.73	-3.46	-4.57
Inventory, 3 Yr. CAGR %	-8.46	1.88	5.65	5.22	-1.87
Net Property, Plant and Equip., 3 Yr. CAGR %	5.54	-4.01	2.88	-1.68	-3.14
Total Assets, 3 Yr. CAGR %	-4.29	-4.15	0.67	-3.18	-3.67
Tangible Book Value, 3 Yr. CAGR %	-6.73	-0.35	5.14	2.94	-0.87
Common Equity, 3 Yr. CAGR %	-5.77	-1.1	3.02	2.26	-0.58
Cash From Operations, 3 Yr. CAGR %	46.28	47.63	-47.31	-18	-44.87
Capital Expenditures, 3 Yr. CAGR %	-13.57	1.55	172.24	21.25	-36.82
Levered Free Cash Flow, 3 Yr. CAGR %	54.86	80.89	-4.46	-31.06	-51.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	52.35	71.8	-10.83	-27.55	-62.83
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-6.34	-4.68	-3.88	-3.93	0.88
Gross Profit, 5 Yr. CAGR %	-9.84	-6.39	-4.52	-3.81	3.78
EBITDA, 5 Yr. CAGR %	-9.47	-11.62	13.59	-4.2	-1.39
EBITA, 5 Yr. CAGR %	-16.12	-16.19	-39.64	-8.21	-25.72
EBIT, 5 Yr. CAGR %	-12.94	-11.32	-45.54	-8.21	-25.72
Earnings From Cont. Operations, 5 Yr. CAGR %	-14.2	-11.55	-60.81	-36.17	-35.12
Net Income, 5 Yr. CAGR %	-14.2	-11.55	-60.81	-36.17	-35.12
Normalized Net Income, 5 Yr. CAGR %	-11.49	-12.58	-22.46	-5.57	-58.62
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.04	-14.14	-61.51	-38.7	-37.32
Accounts Receivable, 5 Yr. CAGR %	-7.11	-7.43	-5.67	-6.38	0.55
Inventory, 5 Yr. CAGR %	-4.11	0.98	-0.32	-1.6	3.01
Net Property, Plant and Equip., 5 Yr. CAGR %	2.86	2	3.95	-3.67	-0.58
Total Assets, 5 Yr. CAGR %	-5.47	-5.29	-3.19	-4.38	-1.23
Tangible Book Value, 5 Yr. CAGR %	-6.83	-3.18	-2.13	-0.45	2.47
Common Equity, 5 Yr. CAGR %	-7.4	-5.96	-2.09	-0.77	1.45
Cash From Operations, 5 Yr. CAGR %	22.22	96.27	-41.97	23.23	-6.15
Capital Expenditures, 5 Yr. CAGR %	-16.74	2.61	22.06	-12.42	34.44
Levered Free Cash Flow, 5 Yr. CAGR %	48.41	56.77	6.08	18.3	-25.7
Unlevered Free Cash Flow, 5 Yr. CAGR %	44.75	73.45	1.38	19.06	-37.31
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-