Balance Sheet Sogefi S.p.A.

Equities

SO

IT0000076536

Industrial Machinery & Equipment

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-09-06 EDT			5-day change	1st Jan Change
2.025 ^EUR	-1.22%		-6.03%	-0.98%

09-06	Italy looks to Vietnam, Mexico for auto component exports - Tajani	RE
09-04	Luigi Lubrano appointed CEO of Sogefi's suspension business unit	AN

28438215d31059616acdba.dUg-rJPExn9iUuUF_Qp-7nHBOpgKhfz1CDUrryyaKfE.HnBwn_WpgE8aPpdNlXoY3QD2XO9b0K6sUHgc5EjJb5olcVni5K_zB1UIpA

Published financial data: SOGEFI S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.52B	1.2B	1.32B	1.55B	1.63B
Total Revenues	1.52B	1.2B	1.32B	1.55B	1.63B
Cost of Goods Sold, Total	1.21B	940M	1.03B	1.25B	1.28B
Gross Profit	310M	264M	289M	305M	349M
Selling General & Admin Expenses, Total	112M	89.01M	94.94M	105M	110M
Stock-Based Compensation (IS)	178K	339K	8K	286K	404K
Depreciation & Amortization - (IS)	124M	117M	116M	117M	112M
Other Operating Expenses	6.93M	7.05M	5.07M	-	-
Other Operating Expenses, Total	243M	213M	216M	223M	222M
Operating Income	66.93M	50.4M	73.22M	81.89M	126M
Interest Expense, Total	-25.25M	-23.03M	-18.28M	-19.32M	-27.79M
Interest And Investment Income	580K	456K	2.69M	3.86M	7.96M
Net Interest Expenses	-24.67M	-22.57M	-15.59M	-15.46M	-19.83M
Income (Loss) On Equity Invest.	-	-	1.52M	10K	-
Currency Exchange Gains (Loss)	-3.4M	-4.02M	2.16M	-1.58M	-2.75M
Other Non Operating Income (Expenses)	-3.86M	-1.26M	2.89M	2.1M	-6.74M
EBT, Excl. Unusual Items	35M	22.56M	64.2M	66.96M	97.05M
Restructuring Charges	-9.77M	-30.39M	-7.06M	-8.13M	-7.53M
Merger & Related Restructuring Charges	-	-	-	-	-46K
Gain (Loss) On Sale Of Assets	-136K	-107K	4K	588K	72K
Asset Writedown	-10.65M	-13.64M	-18.53M	-8.91M	-4.15M
Insurance Settlements	6.01M	7.19M	2.37M	-	1.43M
Legal Settlements	-4.59M	-953K	2.05M	1.35M	186K
Other Unusual Items	-	-261K	-908K	-2.31M	-1.96M
EBT, Incl. Unusual Items	15.87M	-15.6M	42.14M	49.55M	85.06M
Income Tax Expense	13.69M	3.56M	13.52M	18.35M	17.48M
Earnings From Continuing Operations	2.18M	-19.16M	28.62M	31.19M	67.58M
Earnings Of Discontinued Operations	4.02M	-15.48M	-24.49M	-	-6.66M
Net Income to Company	6.2M	-34.64M	4.13M	31.19M	60.92M
Minority Interest	-3M	-489K	-2.18M	-1.63M	-3.16M
Net Income - (IS)	3.2M	-35.13M	1.95M	29.56M	57.77M
Net Income to Common Incl Extra Items	3.2M	-35.13M	1.95M	29.56M	57.77M
Net Income to Common Excl. Extra Items	-815K	-19.65M	26.44M	29.56M	64.42M
Per Share Items
Net EPS - Basic	0.03	-0.3	0.02	0.25	0.49
Basic EPS - Continuing Operations	-0.01	-0.17	0.22	0.25	0.54
Basic Weighted Average Shares Outstanding	118M	118M	118M	118M	119M
Net EPS - Diluted	0.03	-0.3	0.02	0.25	0.49
Diluted EPS - Continuing Operations	-0.01	-0.17	0.22	0.25	0.54
Diluted Weighted Average Shares Outstanding	118M	118M	118M	118M	119M
Normalized Basic EPS	0.16	0.12	0.32	0.34	0.48
Normalized Diluted EPS	0.16	0.12	0.32	0.34	0.48
Dividend Per Share	-	-	-	-	0.2
Supplemental Items
EBITDA	151M	130M	149M	163M	207M
EBITA	73.76M	56.32M	78.86M	87.4M	131M
EBIT	66.93M	50.4M	73.22M	81.89M	126M
EBITDAR	152M	131M	150M	163M	207M
Effective Tax Rate - (Ratio)	86.23	-22.8	32.08	37.04	20.55
Total Current Taxes	12.14M	12.84M	15.34M	18.45M	20.13M
Total Deferred Taxes	815K	-9.57M	-2.33M	-423K	-3.1M
Normalized Net Income	18.88M	13.61M	37.95M	40.22M	57.5M
Interest on Long-Term Debt	16.13M	14.76M	9.88M	6.58M	5.27M
Non-Cash Pension Expense	1.16M	71K	135K	2.85M	887K
Supplemental Operating Expense Items
Advertising Expense	3.09M	1M	1.65M	1.4M	1.86M
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	39.63M	28.29M	29.27M	30.62M	30.86M
General and Administrative Expenses	70.46M	60.39M	65.49M	71.48M	77.62M
Research And Development Expense From Footnotes	72.64M	30.87M	32.71M	26.88M	24.28M
Net Rental Expense, Total	1.1M	683K	603K	725K	880K
Imputed Operating Lease Interest Expense	520K	236K	172K	254K	497K
Imputed Operating Lease Depreciation	578K	447K	431K	471K	383K
Maintenance & Repair Expenses, Total	3.3M	-	-	-	-
Stock-Based Comp., Other (Total)	178K	339K	8K	286K	404K
Total Stock-Based Compensation	178K	339K	8K	286K	404K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	165M	210M	121M	118M	78.18M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	216K	-
Total Cash And Short Term Investments	165M	210M	121M	119M	78.18M
Accounts Receivable, Total	130M	136M	137M	161M	167M
Other Receivables	40.38M	35.04M	34.05M	39.13M	42.35M
Total Receivables	171M	171M	171M	200M	209M
Inventory	115M	97.73M	112M	130M	138M
Other Current Assets, Total	3.46M	9.74M	6.36M	10.24M	7.65M
Total Current Assets	455M	488M	410M	459M	433M
Gross Property Plant And Equipment	1.29B	1.27B	1.37B	1.4B	1.4B
Accumulated Depreciation	-827M	-830M	-918M	-953M	-968M
Net Property Plant And Equipment	461M	444M	453M	450M	435M
Long-term Investments	46K	46K	46K	3M	6.82M
Goodwill	127M	127M	127M	122M	124M
Other Intangibles, Total	68.86M	56.1M	45.58M	38.34M	30.01M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	36.99M	41.03M	36.28M	31.81M	33.01M
Deferred Charges Long-Term	77.06M	72.65M	64.47M	58.3M	49.29M
Other Long-Term Assets, Total	40.34M	36.16M	42.74M	38.08M	34.23M
Total Assets	1.27B	1.26B	1.18B	1.2B	1.15B
Liabilities
Accounts Payable, Total	273M	226M	211M	239M	219M
Accrued Expenses, Total	58.91M	52.07M	57.17M	55.64M	59.59M
Short-term Borrowings	1.94M	3.23M	2M	1.89M	659K
Current Portion of Long-Term Debt	78.78M	149M	86.92M	69.12M	63.28M
Current Portion of Leases	15.04M	17.97M	17.15M	13.68M	12.69M
Current Income Taxes Payable	9.21M	4.33M	4.78M	4.69M	10.68M
Other Current Liabilities	49.9M	72.22M	99.7M	103M	107M
Total Current Liabilities	486M	524M	479M	487M	472M
Long-Term Debt	346M	352M	293M	286M	230M
Long-Term Leases	52.81M	52.24M	54.44M	57.54M	52.72M
Pension & Other Post Retirement Benefits	53.24M	62.77M	44.34M	26.61M	17.17M
Deferred Tax Liability Non Current	37.6M	30.22M	25.29M	23.73M	23.34M
Other Non Current Liabilities	82.57M	94.18M	77.77M	71.46M	63.13M
Total Liabilities	1.06B	1.12B	974M	952M	858M
Common Stock, Total	62.46M	62.46M	62.46M	62.46M	62.46M
Additional Paid In Capital	18.73M	19.04M	19.29M	19.44M	20.38M
Retained Earnings	188M	157M	164M	199M	262M
Treasury Stock	-5.16M	-4.85M	-4.6M	-4.44M	-3.51M
Comprehensive Income and Other	-75.48M	-101M	-53.1M	-46.18M	-68.29M
Total Common Equity	189M	133M	188M	231M	273M
Minority Interest	19.02M	16.41M	17.3M	16.82M	14.45M
Total Equity	208M	149M	205M	247M	287M
Total Liabilities And Equity	1.27B	1.26B	1.18B	1.2B	1.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	118M	118M	118M	118M	119M
ECS Total Common Shares Outstanding	118M	118M	118M	118M	119M
Book Value / Share	1.6	1.13	1.59	1.95	2.3
Tangible Book Value	-6.77M	-49.77M	15.47M	70.73M	119M
Tangible Book Value Per Share	-0.06	-0.42	0.13	0.6	1
Total Debt	494M	574M	454M	428M	359M
Net Debt	329M	364M	333M	309M	281M
Debt Equivalent of Unfunded Proj. Benefit Obligation	53.24M	62.77M	39.13M	20.18M	10.2M
Debt Equivalent Oper. Leases	8.78M	5.46M	4.82M	5.8M	7.04M
Minority Interest, Total (Incl. Fin. Div)	19.02M	16.41M	17.3M	16.82M	14.45M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	59.7M	54.3M	66.81M	78.54M	76.99M
Inventories - Work In Process, Total	15.64M	14.31M	16.53M	19.9M	19.9M
Inventories - Finished Goods, Total	52.4M	42.21M	42.04M	43.92M	52.5M
Land - (BS)	13.16M	12.84M	12.65M	10.19M	10.2M
Buildings, Total	875M	864M	918M	941M	952M
Machinery, Total	161M	169M	197M	216M	216M
Full Time Employees	6.82K	6.03K	5.46K	5.38K	5.27K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	4.37M	5.37M	4.02M	4.69M	4.15M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.2M	-35.13M	1.95M	29.56M	57.77M
Depreciation & Amortization - CF	90.19M	86.36M	82.6M	87.5M	87.2M
Amortization of Goodwill and Intangible Assets - (CF)	6.83M	5.92M	5.64M	5.51M	4.2M
Depreciation & Amortization, Total	97.02M	92.28M	88.23M	93.01M	91.4M
Amortization of Deferred Charges, Total - (CF)	28.84M	27.59M	27.47M	24.44M	22.08M
Minority Interest in Earnings - (CF)	3M	489K	2.18M	1.63M	3.16M
(Gain) Loss From Sale Of Asset	136K	107K	-4K	-586K	-71K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-10K	-
Asset Writedown & Restructuring Costs	10.65M	15.48M	19.31M	8.91M	7.48M
Stock-Based Compensation (CF)	178K	339K	8K	286K	404K
Other Operating Activities, Total	5.61M	10.47M	-8.73M	-23.56M	-14.12M
Change in Other Net Operating Assets	-1.2M	-25.6M	11.24M	1.21M	-38.98M
Cash from Operations	147M	86.02M	142M	135M	129M
Capital Expenditure	-95.54M	-84.96M	-90.32M	-80.66M	-80.42M
Sale of Property, Plant, and Equipment	4.05M	1.88M	21.05M	7.51M	10.91M
Cash Acquisitions	-	-39K	-4.41M	-	-1.3M
Divestitures	-	-	-	10K	1.13M
Sale (Purchase) of Intangible assets	-32.2M	-22.91M	-19.37M	-18.1M	-14.25M
Investment in Marketable and Equity Securities, Total	-	-	-	-3.17M	-6.1M
Other Investing Activities, Total	935K	1.94M	3.46M	5.63M	11.2M
Cash from Investing	-123M	-104M	-89.59M	-88.78M	-78.84M
Long-Term Debt Issued, Total	68.14M	117M	-	-	-
Total Debt Issued	68.14M	117M	-	-	-
Long-Term Debt Repaid, Total	-14.44M	-53.89M	-137M	-40.65M	-79.62M
Total Debt Repaid	-14.44M	-53.89M	-137M	-40.65M	-79.62M
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-5.01M	-	-3.01M	-2.07M	-6.3M
Cash from Financing	48.69M	63.46M	-140M	-42.72M	-85.92M
Foreign Exchange Rate Adjustments	185K	-2.17M	457K	-5.73M	-3.43M
Net Change in Cash	73.56M	43.21M	-87.51M	-2.34M	-39.07M
Supplemental Items
Cash Interest Paid	16.74M	16.35M	14.35M	17.24M	24.72M
Cash Income Tax Paid (Refund)	13.4M	13.05M	12.77M	22.87M	16.05M
Levered Free Cash Flow	26.77M	4.82M	21.54M	36.74M	58.88M
Unlevered Free Cash Flow	42.55M	19.21M	32.97M	48.82M	76.24M
Change In Net Working Capital	-2.42M	24.63M	18.81M	21.34M	21.95M
Net Debt Issued / Repaid	53.7M	63.46M	-137M	-40.65M	-79.62M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.47	2.47	3.73	4.3	6.74
Return on Total Capital	6.57	4.42	6.62	7.67	11.95
Return On Equity %	1.04	-10.73	16.11	13.79	25.27
Return on Common Equity	-0.43	-12.22	16.45	14.13	25.59
Margin Analysis
Gross Profit Margin %	20.39	21.9	21.87	19.64	21.42
SG&A Margin	7.36	7.4	7.19	6.77	6.75
EBITDA Margin %	9.96	10.81	11.32	10.48	12.69
EBITA Margin %	4.86	4.68	5.97	5.63	8.02
EBIT Margin %	4.41	4.19	5.54	5.28	7.76
Income From Continuing Operations Margin %	0.14	-1.59	2.17	2.01	4.15
Net Income Margin %	0.21	-2.92	0.15	1.9	3.55
Net Avail. For Common Margin %	-0.05	-1.63	2	1.9	3.96
Normalized Net Income Margin	1.24	1.13	2.87	2.59	3.53
Levered Free Cash Flow Margin	1.76	0.4	1.63	2.37	3.62
Unlevered Free Cash Flow Margin	2.8	1.6	2.5	3.15	4.68
Asset Turnover
Asset Turnover	1.26	0.94	1.08	1.31	1.39
Fixed Assets Turnover