Income Statement Passat

Stocks

ALPAS

FR0000038465

Appliances, Tools & Housewares

Market Closed - Euronext Paris 11:55:00 2026-09-21 EDT			5-day change	1st Jan Change
4.820 ^EUR	+0.42%		-2.43%	+12.88%

04-29	Passat Société Anonyme Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-09-24	Passat Société Anonyme Reports Earnings Results for the Half Year Ended June 30, 2025	CI

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Published financial data: PASSAT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	40.16M	41.67M	63.96M	62.33M	60.05M
Total Revenues	40.16M	41.67M	63.96M	62.33M	60.05M
Cost of Goods Sold, Total	27.45M	29.15M	43.47M	43.38M	42.24M
Gross Profit	12.71M	12.52M	20.49M	18.95M	17.81M
Selling General & Admin Expenses, Total	8.57M	8.75M	12.77M	13.21M	12.7M
Depreciation & Amortization - (IS)	2.12M	2.95M	3.47M	3.52M	3.09M
Other Operating Expenses	-720K	-847K	1.2M	-451K	-1.02M
Other Operating Expenses, Total	9.96M	10.85M	17.44M	16.28M	14.77M
Operating Income	2.74M	1.67M	3.05M	2.67M	3.04M
Interest Expense, Total	-20K	-16K	-34K	-113K	-121K
Interest And Investment Income	121K	186K	472K	736K	529K
Net Interest Expenses	101K	170K	438K	623K	408K
Income (Loss) On Equity Invest.	-1.17M	-633K	-75K	-103K	-60K
Currency Exchange Gains (Loss)	13K	207K	-48K	57K	-22K
Other Non Operating Income (Expenses)	-3K	-1.31M	-289K	-1.28M	-331K
EBT, Excl. Unusual Items	1.69M	111K	3.08M	1.97M	3.04M
Gain (Loss) On Sale Of Investments	-	-2M	-	-	-
Gain (Loss) On Sale Of Assets	49K	20K	68K	87K	20K
Other Unusual Items	7K	5.98M	-	5K	166K
EBT, Incl. Unusual Items	1.74M	4.11M	3.14M	2.06M	3.22M
Income Tax Expense	702K	521K	690K	825K	609K
Earnings From Continuing Operations	1.04M	3.59M	2.45M	1.24M	2.62M
Net Income to Company	1.04M	3.59M	2.45M	1.24M	2.62M
Minority Interest	-273K	-75K	-257K	-91K	-197K
Net Income - (IS)	769K	3.52M	2.2M	1.14M	2.42M
Net Income to Common Incl Extra Items	769K	3.52M	2.2M	1.14M	2.42M
Net Income to Common Excl. Extra Items	769K	3.52M	2.2M	1.14M	2.42M
Per Share Items
Net EPS - Basic	0.19	0.89	0.56	0.29	0.62
Basic EPS - Continuing Operations	0.19	0.89	0.56	0.29	0.62
Basic Weighted Average Shares Outstanding	3.95M	3.95M	3.95M	3.93M	3.92M
Net EPS - Diluted	0.19	0.89	0.56	0.29	0.62
Diluted EPS - Continuing Operations	0.19	0.89	0.56	0.29	0.62
Diluted Weighted Average Shares Outstanding	3.95M	3.95M	3.95M	3.93M	3.92M
Normalized Basic EPS	0.2	-0	0.42	0.29	0.43
Normalized Diluted EPS	0.2	-0	0.42	0.29	0.43
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	3.64M	2.76M	3.66M	4.58M	4.58M
EBITA	2.8M	1.73M	3.16M	2.77M	3.08M
EBIT	2.74M	1.67M	3.05M	2.67M	3.04M
Effective Tax Rate - (Ratio)	40.25	12.67	21.95	40.05	18.88
Total Current Taxes	688K	517K	749K	471K	372K
Total Deferred Taxes	14K	4K	-59K	354K	237K
Normalized Net Income	782K	-5.62K	1.67M	1.14M	1.7M
Non-Cash Pension Expense	30K	-	106K	67K	-44K

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	8.13M	9.12M	8.66M	6.02M	9.8M
Short Term Investments	7.07M	6.26M	16.2M	15.15M	17.83M
Total Cash And Short Term Investments	15.2M	15.37M	24.87M	21.16M	27.63M
Accounts Receivable, Total	7.71M	12.73M	10.64M	13.41M	8.25M
Other Receivables	3.18M	4.56M	4.71M	4.85M	4.41M
Total Receivables	10.89M	17.29M	15.35M	18.26M	12.67M
Inventory	12.67M	18.32M	14.87M	18.29M	14.84M
Prepaid Expenses	139K	238K	173K	295K	230K
Total Current Assets	38.9M	51.22M	55.26M	58.02M	55.36M
Gross Property Plant And Equipment	9.62M	15.57M	17.7M	20.73M	19.66M
Accumulated Depreciation	-6.71M	-12.49M	-13.81M	-14.71M	-13.95M
Net Property Plant And Equipment	2.91M	3.08M	3.89M	6.02M	5.71M
Long-term Investments	2.65M	-	-	-	-
Goodwill	975K	1.01M	961K	1.16M	1.05M
Other Intangibles, Total	41K	227K	149K	-20K	-50K
Loans Receivable Long-Term	563K	-	-	-	-
Deferred Tax Assets Long-Term	67K	754K	813K	469K	232K
Other Long-Term Assets, Total	-	1.61M	1.56M	2.46M	616K
Total Assets	46.11M	57.9M	62.64M	68.11M	62.93M
Liabilities
Accounts Payable, Total	6.54M	7.45M	7.36M	10.11M	5.36M
Accrued Expenses, Total	1.66M	2.5M	2.61M	2.72M	2.48M
Short-term Borrowings	-	-	-	-	4.29M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	291K	291K	423K	412K	412K
Current Income Taxes Payable	262K	45K	375K	-	-
Other Current Liabilities	1.95M	3.9M	3.96M	4.19M	4.02M
Total Current Liabilities	10.7M	14.19M	14.72M	17.43M	16.56M
Long-Term Debt	-	4.58M	6.26M	5.64M	-
Long-Term Leases	468K	158K	670K	2.79M	2.44M
Pension & Other Post Retirement Benefits	327K	297K	403K	470K	426K
Deferred Tax Liability Non Current	1K	1K	1K	1K	1K
Other Non Current Liabilities	100K	125K	175K	140K	140K
Total Liabilities	11.6M	19.35M	22.23M	26.47M	19.57M
Common Stock, Total	2.1M	2.1M	2.1M	2.1M	1.96M
Additional Paid In Capital	1.13M	1.13M	1.13M	1.13M	1.13M
Retained Earnings	31.12M	34.94M	37.09M	38.24M	39.96M
Treasury Stock	-740K	-740K	-739K	-842K	-
Comprehensive Income and Other	210K	627K	347K	658K	-9K
Total Common Equity	33.82M	38.06M	39.93M	41.28M	43.04M
Minority Interest	692K	496K	477K	356K	312K
Total Equity	34.51M	38.56M	40.41M	41.64M	43.36M
Total Liabilities And Equity	46.11M	57.9M	62.64M	68.11M	62.93M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.95M	3.95M	3.95M	3.93M	3.92M
ECS Total Common Shares Outstanding	3.95M	3.95M	3.95M	3.93M	3.92M
Book Value / Share	8.55	9.63	10.1	10.5	10.99
Tangible Book Value	32.8M	36.82M	38.82M	40.14M	42.04M
Tangible Book Value Per Share	8.3	9.31	9.82	10.21	10.73
Total Debt	759K	5.03M	7.36M	8.84M	7.14M
Net Debt	-14.44M	-10.34M	-17.51M	-12.32M	-20.48M
Debt Equivalent of Unfunded Proj. Benefit Obligation	327K	297K	398K	341K	293K
Minority Interest, Total (Incl. Fin. Div)	692K	496K	477K	356K	312K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	14.01M	20.81M	16.77M	20.35M	16.13M
Land - (BS)	460K	460K	460K	80K	80K
Buildings, Total	1.46M	1.48M	1.85M	1.91M	1.94M
Machinery, Total	4M	9.61M	9.95M	10.16M	8.73M
Full Time Employees	139	186	192	204	195
Accumulated Allowance for Doubtful Accounts (Supple)	678K	1.19M	1.25M	679K	737K

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	769K	3.52M	2.2M	1.14M	2.42M
Depreciation & Amortization - CF	1.12M	1.34M	1.13M	2.42M	2.15M
Amortization of Goodwill and Intangible Assets - (CF)	57K	53K	110K	105K	34K
Depreciation & Amortization, Total	1.18M	1.4M	1.24M	2.52M	2.18M
(Gain) Loss From Sale Of Asset	1.12M	583K	-5K	-385K	9K
(Gain) Loss on Sale of Investments - (CF)	-	-1K	-	-	-
Asset Writedown & Restructuring Costs	-	-6.12M	-	-	-
Other Operating Activities, Total	340K	2.86M	126K	-439K	64K
Change In Accounts Receivable	2M	-5.41M	-	-2.04M	4.79M
Change In Inventories	-2.4M	3.75M	7.99M	-3.38M	3.36M
Change In Accounts Payable	2M	3.4M	-28K	2.64M	-4.53M
Change in Unearned Revenues	-	16K	-165K	3K	24K
Change In Income Taxes	26K	427K	-49K	47K	-152K
Change in Other Net Operating Assets	-6.84M	-3.63M	-2.45M	-488K	354K
Cash from Operations	-1.82M	774K	8.86M	-368K	8.52M
Capital Expenditure	-977K	-1.07M	-1.67M	-2.35M	-1.74M
Sale of Property, Plant, and Equipment	53K	50K	80K	488K	51K
Cash Acquisitions	-	-	-	-	-
Divestitures	-	686K	-	-	-
Investment in Marketable and Equity Securities, Total	-2.57M	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-3K	2K	-1K	-1.4M	1.38M
Cash from Investing	-3.49M	-330K	-1.59M	-3.26M	-314K
Long-Term Debt Issued, Total	-	-	2.61M	-	-
Total Debt Issued	-	-	2.61M	-	-
Short Term Debt Repaid, Total	-288K	-	-	-	-
Long-Term Debt Repaid, Total	-	-310K	-283K	-1.05M	-1.04M
Total Debt Repaid	-288K	-310K	-283K	-1.05M	-1.04M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-103K	-72K
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-150K	-111K	146K	784K	-14K
Cash from Financing	-438K	-421K	2.47M	-369K	-1.13M
Foreign Exchange Rate Adjustments	535K	150K	-241K	299K	-616K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-5.22M	173K	9.5M	-3.7M	6.46M
Supplemental Items
Cash Income Tax Paid (Refund)	478K	768K	395K	1.13M	24K
Levered Free Cash Flow	-1.85M	-7.3M	7.31M	-1.97M	6.23M
Unlevered Free Cash Flow	-1.84M	-7.29M	7.34M	-1.9M	6.3M
Change In Net Working Capital	3.76M	8.67M	-5.86M	3.74M	-3.96M
Net Debt Issued / Repaid	-288K	-310K	2.33M	-1.05M	-1.04M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	3.93	2.01	3.16	2.55	2.9
Return on Total Capital	4.95	2.65	4.17	3.4	3.77
Return On Equity %	3.08	9.83	6.22	3.01	6.16
Return on Common Equity	2.32	9.79	5.63	2.82	5.74
Margin Analysis
Gross Profit Margin %	31.64	30.05	32.04	30.41	29.66
SG&A Margin	21.33	20.99	19.96	21.2	21.15
EBITDA Margin %	9.05	6.63	5.72	7.35	7.62
EBITA Margin %	6.98	4.14	4.94	4.45	5.13
EBIT Margin %	6.84	4.02	4.77	4.28	5.07
Income From Continuing Operations Margin %	2.59	8.62	3.84	1.98	4.36
Net Income Margin %	1.92	8.44	3.44	1.84	4.03
Net Avail. For Common Margin %	1.92	8.44	3.44	1.84	4.03
Normalized Net Income Margin	1.95	-0.01	2.6	1.83	2.84
Levered Free Cash Flow Margin	-4.62	-17.52	11.44	-3.16	10.37
Unlevered Free Cash Flow Margin	-4.59	-17.5	11.47	-3.05	10.5
Asset Turnover
Asset Turnover	0.92	0.8	1.06	0.95	0.92
Fixed Assets Turnover	13.42	13.91	18.36	12.58	10.23
Receivables Turnover (Average Receivables)	6.1	4.08	5.47	5.18	5.54
Inventory Turnover (Average Inventory)	2.41	1.88	2.62	2.62	2.55
Short Term Liquidity
Current Ratio	3.63	3.61	3.75	3.33	3.34
Quick Ratio	2.44	2.3	2.73	2.26	2.43
Operating Cash Flow to Current Liabilities	-0.17	0.05	0.6	-0.02	0.51
Days Sales Outstanding (Average Receivables)	59.83	89.55	66.69	70.63	65.85
Days Outstanding Inventory (Average Inventory)	151.54	194.05	139.34	139.92	143.17
Average Days Payable Outstanding	65.91	73.36	67.52	68.32	72.81
Cash Conversion Cycle (Average Days)	145.46	210.23	138.51	142.23	136.22
Long Term Solvency
Total Debt/Equity	2.2	13.04	18.2	21.24	16.47
Total Debt / Total Capital	2.15	11.54	15.4	17.52	14.14
LT Debt/Equity	1.36	12.29	17.16	20.25	5.63
Long-Term Debt / Total Capital	1.33	10.87	14.51	16.7	4.84
Total Liabilities / Total Assets	25.16	33.41	35.49	38.87	31.1
EBIT / Interest Expense	137.25	104.62	89.71	23.62	25.16
EBITDA / Interest Expense	196.05	192	126.24	45.93	43.21
(EBITDA - Capex) / Interest Expense	147.2	125.25	77.03	25.12	28.8
Total Debt / EBITDA	0.19	1.64	1.71	1.7	1.37
Net Debt / EBITDA	-3.68	-3.37	-4.08	-2.37	-3.92
Total Debt / (EBITDA - Capex)	0.26	2.51	2.81	3.12	2.05
Net Debt / (EBITDA - Capex)	-4.9	-5.16	-6.69	-4.34	-5.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.5	3.77	53.49	-2.55	-3.66
Gross Profit, 1 Yr. Growth %	2.93	-1.47	63.65	-7.51	-6.01
EBITDA, 1 Yr. Growth %	-13.24	-29.68	-41.35	6.76	-11.85
EBITA, 1 Yr. Growth %	-14.23	-37.09	88.77	-9.05	15.32
EBIT, 1 Yr. Growth %	-15.98	-39.02	82.2	-12.49	14.05
Earnings From Cont. Operations, 1 Yr. Growth %	-58.1	244.72	-31.68	-49.67	111.82
Net Income, 1 Yr. Growth %	-65.36	357.35	-37.53	-47.93	111.45
Normalized Net Income, 1 Yr. Growth %	-56.82	-100.72	-29.71K	-31.61	49.46
Diluted EPS Before Extra, 1 Yr. Growth %	-65.36	357.35	-37.53	-47.93	111.45
Accounts Receivable, 1 Yr. Growth %	41.5	65.07	-16.43	26.07	-38.47
Inventory, 1 Yr. Growth %	25.2	44.57	-18.83	23.03	-18.88
Net Property, Plant and Equip., 1 Yr. Growth %	-5.11	5.66	26.31	54.82	-5.11
Total Assets, 1 Yr. Growth %	11.69	25.58	8.18	8.74	-7.61
Tangible Book Value, 1 Yr. Growth %	4.36	12.25	5.43	3.4	4.75
Common Equity, 1 Yr. Growth %	4.29	12.54	4.91	3.39	4.27
Cash From Operations, 1 Yr. Growth %	-158.58	-142.55	1.04K	-104.15	-2.42K
Capital Expenditures, 1 Yr. Growth %	-23.25	9.31	56.65	40.59	-25.89
Levered Free Cash Flow, 1 Yr. Growth %	-250.6	295.57	-276.89	-126.97	-415.68
Unlevered Free Cash Flow, 1 Yr. Growth %	-247.56	297.72	-277.84	-125.93	-431.38
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.49	7.08	26.2	22.3	-3.1
Gross Profit, 2 Yr. CAGR %	1.91	0.71	26.98	23.03	-6.76
EBITDA, 2 Yr. CAGR %	-4.6	-18.8	-3.5	-14.3	3.24
EBITA, 2 Yr. CAGR %	-2.79	-27.29	7.29	28.73	0.46
EBIT, 2 Yr. CAGR %	-3.78	-28.42	5.41	26.27	-0.1
Earnings From Cont. Operations, 2 Yr. CAGR %	-28.65	20.18	53.46	-41.36	3.25
Net Income, 2 Yr. CAGR %	-33.5	25.87	69.03	-42.97	4.93
Normalized Net Income, 2 Yr. CAGR %	-29	-94.43	45.94	1.32K	1.1
Diluted EPS Before Extra, 2 Yr. CAGR %	-33.5	25.87	69.03	-42.81	5.14
Accounts Receivable, 2 Yr. CAGR %	19.86	52.83	17.45	2.64	-11.92
Inventory, 2 Yr. CAGR %	15.59	34.54	8.33	-0.07	-0.1
Net Property, Plant and Equip., 2 Yr. CAGR %	1.38	0.13	15.52	39.84	21.21
Total Assets, 2 Yr. CAGR %	7.2	18.43	16.55	8.46	0.23
Tangible Book Value, 2 Yr. CAGR %	4.78	8.23	8.78	4.41	4.07
Common Equity, 2 Yr. CAGR %	4.48	8.34	8.66	4.15	3.83
Cash From Operations, 2 Yr. CAGR %	-32.04	-50.07	120.71	-31.05	-1.93
Capital Expenditures, 2 Yr. CAGR %	23.46	-8.41	30.86	48.4	2.07
Levered Free Cash Flow, 2 Yr. CAGR %	-20.1	143.55	99.06	-30.93	-7.73
Unlevered Free Cash Flow, 2 Yr. CAGR %	-20.63	141.73	100.02	-32.1	-7.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.64	4.25	20.73	15.78	12.95
Gross Profit, 3 Yr. CAGR %	4.94	0.77	18.4	14.25	12.47
EBITDA, 3 Yr. CAGR %	24.88	-11.57	-4.42	5.26	-9.82
EBITA, 3 Yr. CAGR %	51.49	-16.49	-1.1	0.35	22.51
EBIT, 3 Yr. CAGR %	50.45	-17.35	-2.26	-0.93	22.06
Earnings From Cont. Operations, 3 Yr. CAGR %	6.04	20.62	-0.44	5.83	-10.03
Net Income, 3 Yr. CAGR %	9.73	26.46	-0.35	14.16	-11.73
Normalized Net Income, 3 Yr. CAGR %	50.4	-84.64	-2.76	13.35	571.39
Diluted EPS Before Extra, 3 Yr. CAGR %	9.73	26.46	-0.35	14.36	-11.45
Accounts Receivable, 3 Yr. CAGR %	11.66	33.35	24.97	20.26	-13.45
Inventory, 3 Yr. CAGR %	11.77	24.54	13.68	13.02	-6.78
Net Property, Plant and Equip., 3 Yr. CAGR %	21.44	2.79	8.19	27.37	22.89
Total Assets, 3 Yr. CAGR %	8.25	13	14.91	13.89	2.81
Tangible Book Value, 3 Yr. CAGR %	5.4	7.21	7.29	6.96	4.52
Common Equity, 3 Yr. CAGR %	5.02	7.1	7.18	6.87	4.19
Cash From Operations, 3 Yr. CAGR %	-25.88	-41.86	41.84	-41.3	122.47
Capital Expenditures, 3 Yr. CAGR %	11.38	18.55	9.54	34.02	17.74
Levered Free Cash Flow, 3 Yr. CAGR %	-18.26	35.98	81.12	2.24	14.62
Unlevered Free Cash Flow, 3 Yr. CAGR %	-18.45	35.62	80.47	1.23	15.18
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1	1.89	13.43	11.13	10.57
Gross Profit, 5 Yr. CAGR %	-0.28	0.24	13.26	9.15	7.61
EBITDA, 5 Yr. CAGR %	-1.94	-2.71	14.4	2.78	1.77
EBITA, 5 Yr. CAGR %	-0.17	-4.38	31.42	-1.32	-1.18
EBIT, 5 Yr. CAGR %	-0.58	-4.97	30.49	-2.08	-1.4
Earnings From Cont. Operations, 5 Yr. CAGR %	-10.9	19.65	22.93	-9.61	1.02
Net Income, 5 Yr. CAGR %	-13.32	21.84	30.43	-8.03	1.73
Normalized Net Income, 5 Yr. CAGR %	-10.9	-66.04	48.6	-5.99	-1.23
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.34	21.81	30.43	-7.94	1.92
Accounts Receivable, 5 Yr. CAGR %	-3.98	13.77	13.94	20.1	8.65
Inventory, 5 Yr. CAGR %	4	10.36	10.38	14.04	7.96
Net Property, Plant and Equip., 5 Yr. CAGR %	8.16	11.9	19.04	16.26	13.22
Total Assets, 5 Yr. CAGR %	3.32	9.95	11.5	11.16	8.8
Tangible Book Value, 5 Yr. CAGR %	2.14	6.28	6.74	6.08	5.99
Common Equity, 5 Yr. CAGR %	1.83	6.04	6.46	5.91	5.83
Cash From Operations, 5 Yr. CAGR %	-16.84	-26.35	14.68	-37.76	22.38
Capital Expenditures, 5 Yr. CAGR %	3.79	5.5	18.8	29.69	6.49
Levered Free Cash Flow, 5 Yr. CAGR %	-10.45	23.61	16.59	-7.44	38.29
Unlevered Free Cash Flow, 5 Yr. CAGR %	-10.57	23.58	16.66	-8.24	38.25
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-