Cash flow Gascogne

Stocks

ALBI

FR0000124414

Forest & Wood Products

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-06-11 EDT			5-day change	1st Jan Change
2.060 ^EUR	-7.21%		-3.74%	-11.97%

04-29	Gascogne SA Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-10-03	Gascogne SA Reports Earnings Results for the Half Year Ended June 30, 2025	CI

2776236e4f3b55.TfZQMEILnA0fvttusx0mMoWfbO5FGxcGodEsvlwnYZE.CsUbdDN68Ecoxu8x9W5fcOf7WNkMeE1v-Klp6iluJPskwjZ2CyalPmmIig

Published financial data: GASCOGNE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	359M	399M	460M	411M	391M
Total Revenues	359M	399M	460M	411M	391M
Cost of Goods Sold, Total	170M	195M	222M	210M	192M
Gross Profit	189M	204M	239M	201M	199M
Selling General & Admin Expenses, Total	153M	171M	182M	164M	173M
Depreciation & Amortization - (IS)	15.54M	16.06M	-	-	21.62M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	18.27M	19.44M	-
Other Operating Expenses	4.18M	1.24M	4.25M	412K	-64K
Other Operating Expenses, Total	173M	188M	205M	184M	194M
Operating Income	16.27M	15.76M	33.79M	17.58M	4.91M
Interest Expense, Total	-4.16M	-3.46M	-3.39M	-4.96M	-4.68M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-4.16M	-3.46M	-3.39M	-4.96M	-4.68M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-727K	927K	704K	-141K	363K
Other Non Operating Income (Expenses)	67K	-279K	-388K	-637K	-484K
EBT, Excl. Unusual Items	11.45M	12.96M	30.71M	11.85M	108K
Restructuring Charges	-4.34M	-580K	-525K	-195K	-480K
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	286K	2.75M	25K	383K	16K
Asset Writedown	1.7M	-	-4M	-1.2M	-100K
Legal Settlements	-500K	-	-808K	-139K	-154K
Other Unusual Items	-158K	-1.3M	-	-	-
EBT, Incl. Unusual Items	8.44M	13.83M	25.4M	10.7M	-610K
Income Tax Expense	182K	959K	2.88M	1.02M	15K
Earnings From Continuing Operations	8.26M	12.87M	22.52M	9.67M	-625K
Net Income to Company	8.26M	12.87M	22.52M	9.67M	-625K
Minority Interest	-	-	-	-	-
Net Income - (IS)	8.26M	12.87M	22.52M	9.67M	-625K
Net Income to Common Incl Extra Items	8.26M	12.87M	22.52M	9.67M	-625K
Net Income to Common Excl. Extra Items	8.26M	12.87M	22.52M	9.67M	-625K
Per Share Items
Net EPS - Basic	0.34	0.53	0.93	0.4	-0.02
Basic EPS - Continuing Operations	0.34	0.53	0.93	0.4	-0.02
Basic Weighted Average Shares Outstanding	24.28M	24.28M	24.28M	24.28M	37.64M
Net EPS - Diluted	0.28	0.44	0.77	0.33	-0.02
Diluted EPS - Continuing Operations	0.28	0.44	0.77	0.33	-0.02
Diluted Weighted Average Shares Outstanding	29.4M	29.4M	29.4M	29.4M	37.64M
Normalized Basic EPS	0.29	0.33	0.79	0.3	0
Normalized Diluted EPS	0.24	0.28	0.65	0.25	0
Supplemental Items
EBITDA	24.07M	23.75M	47.5M	28.56M	17.85M
EBITA	16.27M	15.79M	33.79M	17.59M	4.91M
EBIT	16.27M	15.76M	33.79M	17.58M	4.91M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	2.16	6.93	11.35	9.57	-2.46
Total Current Taxes	371K	787K	2.07M	744K	538K
Total Deferred Taxes	-188K	172K	815K	279K	-523K
Normalized Net Income	7.16M	8.1M	19.19M	7.4M	67.5K
Interest Capitalized	-	-	-	-	7.04M
Non-Cash Pension Expense	-987K	-859K	-449K	-341K	-271K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.3M	1.45M	1.5M	-	1K
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	38.26M	29.71M	32.72M	46.95M	105M
Trading Asset Securities, Total	-	-	-	9K	-
Total Cash And Short Term Investments	38.26M	29.71M	32.72M	46.96M	105M
Accounts Receivable, Total	68.02M	67.44M	70.63M	57.03M	60.25M
Other Receivables	6.69M	16.42M	21.25M	22.74M	19.53M
Notes Receivable	275K	132K	128K	129K	130K
Total Receivables	74.99M	84M	92M	79.9M	79.91M
Inventory	106M	98.97M	128M	115M	128M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	-1K	935K	1.38M	3.3M	4.59M
Total Current Assets	219M	214M	254M	245M	317M
Gross Property Plant And Equipment	651M	668M	710M	785M	847M
Accumulated Depreciation	-489M	-498M	-515M	-525M	-540M
Net Property Plant And Equipment	163M	170M	196M	260M	307M
Long-term Investments	612K	60K	59K	60K	59K
Goodwill	1.4M	1.41M	1.39M	1.36M	1.39M
Other Intangibles, Total	7.46M	9.46M	10.14M	10.83M	10.95M
Loans Receivable Long-Term	1.47M	1.46M	1.51M	1.42M	1.41M
Deferred Tax Assets Long-Term	2.48M	1.73M	10K	202K	181K
Other Long-Term Assets, Total	714K	3.74M	4.18M	12.61M	9.58M
Total Assets	396M	401M	467M	532M	648M
Liabilities
Accounts Payable, Total	51.6M	59.86M	70.32M	51.79M	68.26M
Accrued Expenses, Total	1.65M	1.05M	1.05M	1.05M	1.05M
Short-term Borrowings	30.82M	36.21M	44.02M	36.45M	36.03M
Current Portion of Long-Term Debt	28.56M	54.05M	12.83M	13.42M	13.63M
Current Portion of Leases	2.58M	2.24M	3.41M	2.72M	2.98M
Current Income Taxes Payable	68K	203K	439K	327K	40K
Unearned Revenue Current, Total	158K	68K	104K	106K	106K
Other Current Liabilities	30.19M	31.31M	51.66M	60.73M	54.98M
Total Current Liabilities	146M	185M	184M	167M	177M
Long-Term Debt	78.33M	29.31M	73.53M	130M	216M
Long-Term Leases	5.42M	5.64M	4.6M	6.23M	5.85M
Unearned Revenue Non Current	1.57M	3.84M	3.93M	17.52M	17.46M
Pension & Other Post Retirement Benefits	20.63M	17.69M	12.35M	14.5M	13.87M
Deferred Tax Liability Non Current	68K	279K	870K	917K	638K
Other Non Current Liabilities	1.8M	1.71M	2.59M	2.69M	2.88M
Total Liabilities	253M	243M	282M	339M	433M
Common Stock, Total	60.8M	60.8M	60.8M	60.8M	94.21M
Additional Paid In Capital	-	-	-	-	330K
Retained Earnings	8.26M	12.87M	22.52M	9.67M	-625K
Treasury Stock	-2.98M	-2.98M	-2.98M	-2.98M	-2.98M
Comprehensive Income and Other	76.69M	87.29M	104M	126M	123M
Total Common Equity	143M	158M	185M	193M	214M
Minority Interest	-	-	-	-	-
Total Equity	143M	158M	185M	193M	214M
Total Liabilities And Equity	396M	401M	467M	532M	648M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24.28M	24.28M	24.28M	29.4M	37.64M
ECS Total Common Shares Outstanding	24.28M	24.28M	24.28M	29.4M	37.64M
Book Value / Share	5.88	6.51	7.61	6.57	5.7
Tangible Book Value	134M	147M	173M	181M	202M
Tangible Book Value Per Share	5.51	6.06	7.14	6.16	5.37
Total Debt	146M	127M	138M	189M	274M
Net Debt	107M	97.75M	106M	142M	169M
Debt Equivalent of Unfunded Proj. Benefit Obligation	20.63M	17.69M	12.35M	14.5M	13.87M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	59.23M	59.97M	81.07M	63.16M	64.9M
Inventories - Work In Process, Total	55.83M	47.18M	54.64M	2.51M	74.12M
Inventories - Finished Goods, Total	499K	287K	299K	60.36M	291K
Land - (BS)	17.82M	18.21M	18.57M	18.94M	19.28M
Buildings, Total	92.97M	96.49M	102M	104M	108M
Machinery, Total	507M	525M	541M	545M	560M
Full Time Employees	1.4K	1.38K	1.35K	1.38K	1.36K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	1.87M	2.33M	1.57M	1.34M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	8.26M	12.87M	22.52M	9.67M	-625K
Depreciation & Amortization - CF	14.59M	16.04M	21.92M	19.94M	23.49M
Amortization of Goodwill and Intangible Assets - (CF)	1K	28K	7K	7K	1K
Depreciation & Amortization, Total	14.59M	16.07M	21.92M	19.95M	23.5M
Amortization of Deferred Charges, Total - (CF)	948K	311K	888K	864K	1.32M
(Gain) Loss From Sale Of Asset	-510K	264K	-25K	-383K	-16K
Asset Writedown & Restructuring Costs	53K	-1.26M	-102K	-	-693K
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	658K	-622K	3.47M	-1.69M	-1.67M
Change In Accounts Receivable	2.61M	-13.24M	-3.71M	14.28M	-2.88M
Change In Inventories	-2.63M	6.82M	-29.16M	12.3M	-12.84M
Change In Accounts Payable	-130K	8.21M	10.58M	-18.38M	16.34M
Change In Income Taxes	-1.21M	-606K	-	-	-
Change in Other Net Operating Assets	1.25M	5.78M	11.9M	-2.92M	-548K
Cash from Operations	23.89M	34.59M	38.27M	33.69M	21.88M
Capital Expenditure	-15.68M	-25.23M	-46.44M	-81.71M	-64.64M
Sale of Property, Plant, and Equipment	542K	345K	537K	1.82M	450K
Investment in Marketable and Equity Securities, Total	243K	-248K	-575K	-144K	-788K
Other Investing Activities, Total	-	116K	296K	2.75M	6.99M
Cash from Investing	-14.9M	-25.02M	-46.18M	-77.29M	-57.98M
Long-Term Debt Issued, Total	30M	13.03M	69.31M	74.26M	101M
Total Debt Issued	30M	13.03M	69.31M	74.26M	101M
Long-Term Debt Repaid, Total	-17.96M	-31.16M	-58.33M	-26.95M	-19.85M
Total Debt Repaid	-17.96M	-31.16M	-58.33M	-26.95M	-19.85M
Issuance of Common Stock	-	-	-	-	20.94M
Other Financing Activities, Total	572K	-	-	10M	-7.91M
Cash from Financing	12.61M	-18.12M	10.97M	57.31M	94.38M
Foreign Exchange Rate Adjustments	-	-	-	-33K	38K
Miscellaneous Cash Flow Adjustments	42K	121K	-1K	-	-
Net Change in Cash	21.64M	-8.43M	3.06M	13.68M	58.31M
Supplemental Items
Cash Interest Paid	3.91M	3.46M	3.46M	4.96M	4.68M
Cash Income Tax Paid (Refund)	306K	140K	750K	2.18M	-760K
Levered Free Cash Flow	8.95M	4.87M	-10.67M	-39.8M	-43.17M
Unlevered Free Cash Flow	11.55M	7.03M	-8.54M	-36.7M	-40.24M
Change In Net Working Capital	-1.53M	-6.02M	6.03M	-13.21M	3.48M
Net Debt Issued / Repaid	12.04M	-18.12M	10.97M	47.31M	81.35M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.65	2.47	4.87	2.2	0.52
Return on Total Capital	3.68	3.43	6.94	3.11	0.7
Return On Equity %	5.95	8.54	13.14	5.12	-0.31
Return on Common Equity	5.95	8.54	13.14	5.12	-0.31
Margin Analysis
Gross Profit Margin %	52.69	51.06	51.84	48.91	50.96
SG&A Margin	42.66	42.77	39.61	39.8	44.19
EBITDA Margin %	6.71	5.95	10.32	6.95	4.56
EBITA Margin %	4.53	3.96	7.34	4.28	1.25
EBIT Margin %	4.53	3.95	7.34	4.27	1.25
Income From Continuing Operations Margin %	2.3	3.23	4.89	2.35	-0.16
Net Income Margin %	2.3	3.23	4.89	2.35	-0.16
Net Avail. For Common Margin %	2.3	3.23	4.89	2.35	-0.16
Normalized Net Income Margin	1.99	2.03	4.17	1.8	0.02
Levered Free Cash Flow Margin	2.49	1.22	-2.32	-9.68	-11.03
Unlevered Free Cash Flow Margin	3.22	1.76	-1.86	-8.92	-10.29
Asset Turnover
Asset Turnover	0.94	1	1.06	0.82	0.66
Fixed Assets Turnover	2.23	2.4	2.52	1.8	1.38
Receivables Turnover (Average Receivables)	5.76	6.57	6.67	6.44	6.67
Inventory Turnover (Average Inventory)	1.62	1.9	1.96	1.73	1.58
Short Term Liquidity
Current Ratio	1.51	1.15	1.38	1.47	1.79
Quick Ratio	0.78	0.61	0.68	0.76	1.04
Operating Cash Flow to Current Liabilities	0.16	0.19	0.21	0.2	0.12
Days Sales Outstanding (Average Receivables)	63.58	55.54	54.75	56.65	54.86
Days Outstanding Inventory (Average Inventory)	226.16	191.74	186.61	210.74	231.41
Average Days Payable Outstanding	110.07	108.17	94.93	112.84	107.45
Cash Conversion Cycle (Average Days)	179.67	139.11	146.43	154.55	178.82
Long Term Solvency
Total Debt/Equity	102.06	80.68	74.87	97.9	127.87
Total Debt / Total Capital	50.51	44.65	42.82	49.47	56.12
LT Debt/Equity	58.66	22.12	42.27	70.68	103.32
Long-Term Debt / Total Capital	29.03	12.24	24.17	35.72	45.34
Total Liabilities / Total Assets	63.97	60.65	60.38	63.68	66.91
EBIT / Interest Expense	3.91	4.56	9.96	3.55	1.05
EBITDA / Interest Expense	7.42	9.21	16.42	7.57	6.07
(EBITDA - Capex) / Interest Expense	3.65	1.91	2.73	-8.92	-7.74
Total Debt / EBITDA	4.72	4	2.48	5.04	9.65
Net Debt / EBITDA	3.48	3.07	1.9	3.79	5.95
Total Debt / (EBITDA - Capex)	9.6	19.3	14.93	-4.28	-7.57
Net Debt / (EBITDA - Capex)	7.08	14.8	11.4	-3.22	-4.66
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.96	11.15	15.39	-10.64	-4.87
Gross Profit, 1 Yr. Growth %	-3.09	7.71	17.15	-15.71	-0.89
EBITDA, 1 Yr. Growth %	11.8	-1.33	97.16	-32.95	-34.05
EBITA, 1 Yr. Growth %	13.07	-2.93	109.75	-39.13	-69.48
EBIT, 1 Yr. Growth %	13.72	-3.09	110.07	-39.14	-69.48
Earnings From Cont. Operations, 1 Yr. Growth %	-15.26	55.91	74.96	-57.05	-106.46
Net Income, 1 Yr. Growth %	-15.26	55.91	74.96	-57.05	-106.46
Normalized Net Income, 1 Yr. Growth %	10.67	13.15	131.35	-54.1	-98.96
Diluted EPS Before Extra, 1 Yr. Growth %	-15.15	57.14	75	-57.14	-106.06
Accounts Receivable, 1 Yr. Growth %	20.08	25.03	4.72	-19.25	5.66
Inventory, 1 Yr. Growth %	2.32	-6.72	28.96	-9.89	10.96
Net Property, Plant and Equip., 1 Yr. Growth %	2	4.47	15.01	33.18	17.9
Total Assets, 1 Yr. Growth %	6.83	1.39	16.21	14.04	21.76
Tangible Book Value, 1 Yr. Growth %	4.86	9.27	17.8	4.46	11.62
Common Equity, 1 Yr. Growth %	5.99	10.1	16.99	4.54	10.96
Cash From Operations, 1 Yr. Growth %	10.16	44.82	10.63	-11.96	-35.07
Capital Expenditures, 1 Yr. Growth %	-48.6	60.87	84.07	75.95	-20.89
Levered Free Cash Flow, 1 Yr. Growth %	-189.2	-46.54	-322.25	189.66	5.96
Unlevered Free Cash Flow, 1 Yr. Growth %	-248.5	-39.17	-217.88	216.95	6.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.52	1.15	13.25	1.54	-7.8
Gross Profit, 2 Yr. CAGR %	-3.05	2.17	12.33	-0.63	-8.6
EBITDA, 2 Yr. CAGR %	-8.83	5.03	40.47	8.88	-35.27
EBITA, 2 Yr. CAGR %	5.26	4.77	44.12	4.48	-58.78
EBIT, 2 Yr. CAGR %	5.51	4.98	44.11	4.55	-58.78
Earnings From Cont. Operations, 2 Yr. CAGR %	-6.34	14.94	65.16	-13.31	-83.34
Net Income, 2 Yr. CAGR %	-6.34	14.94	65.16	-13.31	-83.34
Normalized Net Income, 2 Yr. CAGR %	0.33	11.9	63.77	-5.53	-93.53
Diluted EPS Before Extra, 2 Yr. CAGR %	-10.56	15.47	65.83	-13.4	-83.88
Accounts Receivable, 2 Yr. CAGR %	0.92	9.11	14.42	-8.05	-7.64
Inventory, 2 Yr. CAGR %	4.09	-2.3	9.68	7.8	-0.01
Net Property, Plant and Equip., 2 Yr. CAGR %	8.4	3.23	9.61	23.76	25.31
Total Assets, 2 Yr. CAGR %	6.24	4.04	8.55	15.12	17.84
Tangible Book Value, 2 Yr. CAGR %	4.58	7.33	13.45	10.93	7.98
Common Equity, 2 Yr. CAGR %	6.42	8.3	13.49	10.59	7.7
Cash From Operations, 2 Yr. CAGR %	72.68	26.31	26.58	-1.31	-24.39
Capital Expenditures, 2 Yr. CAGR %	-19.12	-9.07	72.08	79.96	17.98
Levered Free Cash Flow, 2 Yr. CAGR %	-38.74	-30.37	8.26	187.99	77.25
Unlevered Free Cash Flow, 2 Yr. CAGR %	-27.37	-4.96	-13.99	125.02	86.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.07	-0.26	5.69	4.65	-0.64
Gross Profit, 3 Yr. CAGR %	-2.09	0.41	6.94	2.08	-0.71
EBITDA, 3 Yr. CAGR %	-4.58	-6.4	30.18	5.87	-9.51
EBITA, 3 Yr. CAGR %	-0.05	2.46	32.93	2.63	-32.71
EBIT, 3 Yr. CAGR %	0.04	2.56	33.17	2.62	-32.67
Earnings From Cont. Operations, 3 Yr. CAGR %	0.13	11	32.22	5.42	-63.52
Net Income, 3 Yr. CAGR %	0.05	11	32.22	5.42	-63.52
Normalized Net Income, 3 Yr. CAGR %	-5.1	4.43	43.71	1.14	-79.89
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.33	7.93	32.64	5.63	-64.31
Accounts Receivable, 3 Yr. CAGR %	0.91	0.33	7.63	1.87	-3.69
Inventory, 3 Yr. CAGR %	6.47	0.36	7.17	2.72	8.84
Net Property, Plant and Equip., 3 Yr. CAGR %	6.47	7.07	7.01	16.96	21.78
Total Assets, 3 Yr. CAGR %	4.78	4.58	7.95	10.35	17.29
Tangible Book Value, 3 Yr. CAGR %	8.15	6.31	10.71	10.37	11.16
Common Equity, 3 Yr. CAGR %	9.71	7.82	11.12	10.43	10.71
Cash From Operations, 3 Yr. CAGR %	0.4	62.84	20.85	12.15	-14.16
Capital Expenditures, 3 Yr. CAGR %	-5.05	1.72	15.03	73.36	36.83
Levered Free Cash Flow, 3 Yr. CAGR %	-5.7	-41.13	2.05	63.53	107.97
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.68	-31.54	3.18	47.02	77.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.87	-0.39	2.52	0.46	0.07
Gross Profit, 5 Yr. CAGR %	-1.57	0.04	3.45	-0.01	0.43
EBITDA, 5 Yr. CAGR %	11.25	2.82	11.39	-0.28	-3.68
EBITA, 5 Yr. CAGR %	23.75	6.66	15.71	3.67	-19.35
EBIT, 5 Yr. CAGR %	23.82	6.69	15.77	3.76	-19.26
Earnings From Cont. Operations, 5 Yr. CAGR %	3.11	11.77	22.32	0.55	-42.26
Net Income, 5 Yr. CAGR %	3.13	11.75	22.26	0.55	-42.26
Normalized Net Income, 5 Yr. CAGR %	24.41	8.62	18.05	0.81	-59.85
Diluted EPS Before Extra, 5 Yr. CAGR %	-0	8.7	18.47	-1.17	-42.92
Accounts Receivable, 5 Yr. CAGR %	1.07	0.43	1.3	-3.11	1.24
Inventory, 5 Yr. CAGR %	1.1	1.24	7.74	3.27	4.24
Net Property, Plant and Equip., 5 Yr. CAGR %	7.58	6.02	7.72	13.46	13.99
Total Assets, 5 Yr. CAGR %	4.77	4.55	6.26	8.67	11.8
Tangible Book Value, 5 Yr. CAGR %	7.91	8.54	10.36	8.14	9.61
Common Equity, 5 Yr. CAGR %	8.63	9.5	11.32	8.92	9.74
Cash From Operations, 5 Yr. CAGR %	44.77	13.02	10.15	33.28	0.18
Capital Expenditures, 5 Yr. CAGR %	-13.64	4.91	20.44	27.79	16.2
Levered Free Cash Flow, 5 Yr. CAGR %	-23.77	97.91	-0.02	10.78	33.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	-19.14	42.05	-6.8	10.88	38.92