Cash flow WE.CONNECT

Stocks

ALWEC

FR0013079092

Electronic Equipment & Parts

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-08-04 EDT			5-day change	1st Jan Change
25.50 ^EUR	+0.39%		-1.54%	+2.00%

07-10	WE.Connect boosts revenue by a third thanks to acquisitions
04-29	We.Connect SA Reports Earnings Results for the Full Year Ended December 31, 2025	CI

b5314e82f50b0f7f2d28c.FBMzlIA03unOZrQlgEoy3forDX50-hUSVlagiMzy97k.ZytA2rJE7tqIIdlRsztqu550SzI-gEd5HGPhsL6lltNYfwPd4mHnkIo-gA

Published financial data: WE.CONNECT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	217M	237M	264M	300M	454M
Other Revenues, Total	-	-	-	-279K	-
Total Revenues	217M	237M	264M	300M	454M
Cost of Goods Sold, Total	198M	212M	234M	267M	410M
Gross Profit	19.95M	25.14M	29.61M	33.4M	43.51M
Selling General & Admin Expenses, Total	5.83M	8.47M	9.8M	11.29M	16.05M
Depreciation & Amortization - (IS)	1.13M	714K	1.09M	661K	6.72M
Other Operating Expenses	3.84M	6.87M	7.97M	8.94M	-20.36M
Other Operating Expenses, Total	10.81M	16.06M	18.86M	20.89M	2.41M
Operating Income	9.14M	9.09M	10.75M	12.5M	41.09M
Interest Expense, Total	-268K	-525K	-853K	-868K	-717K
Interest And Investment Income	299K	912K	128K	126K	-
Net Interest Expenses	31.03K	387K	-725K	-742K	-717K
Currency Exchange Gains (Loss)	-520K	2.82K	475K	-478K	227K
Other Non Operating Income (Expenses)	1	-2	-	-2	2.96M
EBT, Excl. Unusual Items	8.65M	9.48M	10.5M	11.28M	43.56M
Gain (Loss) On Sale Of Investments	-231K	-1.15M	-303K	-458K	-1.78M
Gain (Loss) On Sale Of Assets	-	-	-	-	36.9K
Other Unusual Items	-550K	1.63M	2.19M	-1.48M	-1.28M
EBT, Incl. Unusual Items	7.87M	9.95M	12.39M	9.34M	40.55M
Income Tax Expense	1.51M	2.08M	2.84M	1.63M	3.06M
Earnings From Continuing Operations	6.35M	7.88M	9.55M	7.71M	37.49M
Net Income to Company	6.35M	7.88M	9.55M	7.71M	37.49M
Minority Interest	-	-	-	-	-
Net Income - (IS)	6.35M	7.88M	9.55M	7.71M	37.49M
Net Income to Common Incl Extra Items	6.35M	7.88M	9.55M	7.71M	37.49M
Net Income to Common Excl. Extra Items	6.35M	7.88M	9.55M	7.71M	37.49M
Per Share Items
Net EPS - Basic	2.33	2.88	3.48	2.78	12.72
Basic EPS - Continuing Operations	2.33	2.88	3.48	2.78	12.72
Basic Weighted Average Shares Outstanding	2.72M	2.73M	2.75M	2.77M	2.95M
Net EPS - Diluted	2.33	2.88	3.48	2.78	12.72
Diluted EPS - Continuing Operations	2.33	2.88	3.48	2.78	12.72
Diluted Weighted Average Shares Outstanding	2.72M	2.73M	2.75M	2.77M	2.95M
Normalized Basic EPS	1.98	2.17	2.39	2.54	9.24
Normalized Diluted EPS	1.98	2.17	2.39	2.54	9.24
Dividend Per Share	0.4	0.4	0.4	0.4	0.4
Payout Ratio	-	13.99	11.63	14.41	3.15
Supplemental Items
EBITDA	9.39M	9.44M	11.08M	12.82M	42.05M
EBITA	9.22M	9.09M	10.75M	12.5M	41.39M
EBIT	9.14M	9.09M	10.75M	12.5M	41.09M
EBITDAR	10.11M	10.7M	12.95M	14.91M	45.72M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	19.21	20.86	22.95	17.45	7.55
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	5.4M	5.92M	6.56M	7.05M	27.23M
Non-Cash Pension Expense	19.29K	35.59K	-52.51K	34.17K	97.49K
Supplemental Operating Expense Items
Advertising Expense	138K	353K	455K	727K	1.17M
Selling and Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	715K	1.26M	1.86M	2.1M	3.68M
Imputed Operating Lease Interest Expense	53.25K	155K	395K	570K	886K
Imputed Operating Lease Depreciation	662K	1.11M	1.47M	1.53M	2.79M
Maintenance & Repair Expenses, Total	194K	-	-	-	532K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	31.17M	24.53M	27.47M	35.51M	43.71M
Short Term Investments	4.86M	5.13M	4.7M	4.44M	4.35M
Total Cash And Short Term Investments	36.04M	29.67M	32.17M	39.95M	48.06M
Accounts Receivable, Total	33.67M	39.87M	43.1M	55.62M	133M
Other Receivables	7.99M	14.95M	12.82M	23.51M	38.22M
Total Receivables	41.66M	54.83M	55.93M	79.14M	172M
Inventory	51.19M	65.84M	62.73M	94.3M	111M
Prepaid Expenses	31.4K	190K	223K	189K	-
Deferred Tax Assets Current	235K	205K	70.21K	229K	-
Other Current Assets, Total	-	1	-	-	-1
Total Current Assets	129M	151M	151M	214M	330M
Gross Property Plant And Equipment	1.05M	3.02M	3.19M	3.96M	9.18M
Accumulated Depreciation	-526K	-2.29M	-2.38M	-3.29M	-7.26M
Net Property Plant And Equipment	521K	732K	812K	665K	1.92M
Long-term Investments	2.75M	2.91M	3.89M	2.61M	15.59K
Goodwill	1.4M	1.56M	1.56M	1.71M	1.71M
Other Intangibles, Total	435K	488K	449K	957K	1.96M
Loans Receivable Long-Term	15.09K	14.67K	6.11K	16.25K	382K
Other Long-Term Assets, Total	782K	1.17M	902K	1.05M	7.51M
Total Assets	135M	158M	159M	221M	344M
Liabilities
Accounts Payable, Total	66.32M	61.59M	72.03M	120M	183M
Accrued Expenses, Total	3.35M	8.7M	7.48M	9.49M	-
Short-term Borrowings	2.97M	17.04M	-	4.34M	3.01M
Current Portion of Long-Term Debt	13.1M	7.35M	-	6.44M	3.91M
Current Income Taxes Payable	132K	997K	1.47M	14.98K	-
Other Current Liabilities	5.29K	176K	14.21K	24.38K	-
Total Current Liabilities	85.88M	95.85M	81M	141M	190M
Long-Term Debt	11.76M	16.08M	23.83M	16.46M	13.44M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	240K	277K	225K	259K	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	1.05M	2.58M	2.53M	2.3M	43.14M
Total Liabilities	98.93M	115M	108M	160M	247M
Common Stock, Total	14.4M	14.45M	14.52M	15.42M	15.53M
Additional Paid In Capital	946K	946K	946K	3.13M	3.13M
Retained Earnings	-	-	-	-	-
Comprehensive Income and Other	20.79M	27.42M	35.69M	42.49M	78.29M
Total Common Equity	36.14M	42.82M	51.16M	61.04M	96.96M
Minority Interest	-12.06K	-	-	-	-
Total Equity	36.13M	42.82M	51.16M	61.04M	96.96M
Total Liabilities And Equity	135M	158M	159M	221M	344M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.72M	2.73M	2.75M	2.75M	2.94M
ECS Total Common Shares Outstanding	2.72M	2.73M	2.75M	2.92M	2.94M
Book Value / Share	13.27	15.67	18.63	20.92	32.99
Tangible Book Value	34.3M	40.76M	49.15M	58.37M	93.29M
Tangible Book Value Per Share	12.6	14.91	17.9	20.01	31.74
Total Debt	27.82M	40.47M	23.83M	27.24M	20.36M
Net Debt	-8.21M	10.8M	-8.34M	-12.7M	-27.7M
Debt Equivalent Oper. Leases	5.72M	10.09M	14.89M	16.76M	29.41M
Minority Interest, Total (Incl. Fin. Div)	-12.06K	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Others	53.6M	69.09M	66.55M	99.87M	116M
Buildings, Total	-	-	-	529K	1.37M
Machinery, Total	930K	2.89M	2.97M	3.18M	5.16M
Full Time Employees	110	212	167	153	300
Accumulated Allowance for Doubtful Accounts (Supple)	1.31M	1.37M	117K	310K	2.03M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	6.35M	7.88M	9.55M	7.71M	37.49M
Depreciation & Amortization - CF	168K	353K	334K	314K	660K
Amortization of Goodwill and Intangible Assets - (CF)	88.06K	-	-	-	295K
Depreciation & Amortization, Total	256K	353K	334K	314K	955K
Amortization of Deferred Charges, Total - (CF)	-	128K	156K	161K	-
(Gain) Loss From Sale Of Asset	-7.9K	-4.9K	-218K	-	43.72K
Other Operating Activities, Total	388K	1.4M	-389K	-38.82K	-27.11M
Change in Other Net Operating Assets	-11.88M	-26.3M	11.25M	-5.89M	-7.85M
Cash from Operations	-4.89M	-16.54M	20.68M	2.25M	3.53M
Capital Expenditure	-1.45M	-1.69M	-568K	-1.25M	-2.32M
Sale of Property, Plant, and Equipment	798K	502K	650K	2.31M	36.9K
Cash Acquisitions	-	-	-	-101K	15.22M
Divestitures	-	478K	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	2.11M
Other Investing Activities, Total	-	-	-	-	-1
Cash from Investing	-650K	-711K	81.93K	953K	15.04M
Long-Term Debt Issued, Total	3.44M	17M	3M	13.3M	1.04M
Total Debt Issued	3.44M	17M	3M	13.3M	1.04M
Short Term Debt Repaid, Total	-	-	-	-	-25.84K
Long-Term Debt Repaid, Total	-5.35M	-18.27M	-9.03M	-8.55M	-6.56M
Total Debt Repaid	-5.35M	-18.27M	-9.03M	-8.55M	-6.59M
Issuance of Common Stock	-	-	-	3.08M	-
Repurchase of Common Stock	-	-	-	-282	-7.06K
Common Dividends Paid	-	-1.1M	-1.11M	-1.11M	-1.18M
Common & Preferred Stock Dividends Paid	-	-1.1M	-1.11M	-1.11M	-1.18M
Other Financing Activities, Total	-430K	-1.09M	-91.31K	212K	-65
Cash from Financing	-2.33M	-3.45M	-7.23M	6.93M	-6.73M
Net Change in Cash	-7.87M	-20.71M	13.53M	10.14M	11.84M
Supplemental Items
Levered Free Cash Flow	-6.27M	-22.16M	17.76M	559K	-31.15M
Unlevered Free Cash Flow	-6.1M	-21.83M	18.29M	1.1M	-30.7M
Change In Net Working Capital	10.62M	26.3M	-11.65M	5.94M	55.02M
Net Debt Issued / Repaid	-1.9M	-1.27M	-6.03M	4.75M	-5.55M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.24	3.88	4.25	4.12	9.1
Return on Total Capital	9.26	7.71	8.49	9.57	24.98
Return On Equity %	19.33	19.96	20.32	13.74	47.45
Return on Common Equity	19.33	19.95	20.32	13.74	47.45
Margin Analysis
Gross Profit Margin %	9.17	10.59	11.21	11.14	9.59
SG&A Margin	2.68	3.57	3.71	3.77	3.54
EBITDA Margin %	4.32	3.97	4.2	4.27	9.26
EBITA Margin %	4.24	3.83	4.07	4.17	9.12
EBIT Margin %	4.2	3.83	4.07	4.17	9.05
Income From Continuing Operations Margin %	2.92	3.32	3.62	2.57	8.26
Net Income Margin %	2.92	3.32	3.62	2.57	8.26
Net Avail. For Common Margin %	2.92	3.32	3.62	2.57	8.26
Normalized Net Income Margin	2.48	2.49	2.49	2.35	6
Levered Free Cash Flow Margin	-2.88	-9.33	6.72	0.19	-6.86
Unlevered Free Cash Flow Margin	-2.8	-9.19	6.93	0.37	-6.76
Asset Turnover
Asset Turnover	1.62	1.62	1.67	1.58	1.61
Fixed Assets Turnover	437.4	378.82	342.11	406.34	350.92
Receivables Turnover (Average Receivables)	5.49	6.46	6.37	6.08	4.8
Inventory Turnover (Average Inventory)	4.61	3.63	3.65	3.39	4.01
Short Term Liquidity
Current Ratio	1.5	1.57	1.87	1.52	1.74
Quick Ratio	0.9	0.88	1.09	0.85	1.15
Operating Cash Flow to Current Liabilities	-0.06	-0.17	0.26	0.02	0.02
Days Sales Outstanding (Average Receivables)	66.5	56.52	57.34	60.18	75.99
Days Outstanding Inventory (Average Inventory)	79.21	100.59	100.07	107.82	91.01
Average Days Payable Outstanding	116.92	102.84	105.4	118.16	128.73
Cash Conversion Cycle (Average Days)	28.8	54.26	52.01	49.85	38.27
Long Term Solvency
Total Debt/Equity	77.02	94.53	46.58	44.63	21
Total Debt / Total Capital	43.51	48.59	31.78	30.86	17.36
LT Debt/Equity	32.55	37.57	46.58	26.97	13.86
Long-Term Debt / Total Capital	18.39	19.31	31.78	18.65	11.45
Total Liabilities / Total Assets	73.25	72.83	67.77	72.36	71.8
EBIT / Interest Expense	34.05	17.32	12.6	14.4	57.33
EBITDA / Interest Expense	35.01	17.99	12.99	14.76	58.66
(EBITDA - Capex) / Interest Expense	29.61	14.77	12.33	13.32	55.42
Total Debt / EBITDA	2.96	4.29	2.15	2.13	0.48
Net Debt / EBITDA	-0.87	1.14	-0.75	-0.99	-0.66
Total Debt / (EBITDA - Capex)	3.5	5.22	2.27	2.36	0.51
Net Debt / (EBITDA - Capex)	-1.03	1.39	-0.79	-1.1	-0.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.89	9.19	11.21	13.58	51.2
Gross Profit, 1 Yr. Growth %	14.27	26.05	17.78	12.88	29.19
EBITDA, 1 Yr. Growth %	13.89	0.61	17.43	15.85	225.55
EBITA, 1 Yr. Growth %	13.76	-0.55	18.32	16.31	230.99
EBIT, 1 Yr. Growth %	12.67	-0.55	18.32	16.31	228.64
Earnings From Cont. Operations, 1 Yr. Growth %	23.49	23.98	21.2	-19.24	386.16
Net Income, 1 Yr. Growth %	23.49	23.98	21.2	-19.24	386.16
Normalized Net Income, 1 Yr. Growth %	6.26	9.59	10.82	7.45	283.53
Diluted EPS Before Extra, 1 Yr. Growth %	23.11	23.52	20.62	-20.04	357.55
Accounts Receivable, 1 Yr. Growth %	-26.13	18.42	8.1	29.04	139.76
Inventory, 1 Yr. Growth %	48.12	28.63	-4.73	50.33	17.67
Net Property, Plant and Equip., 1 Yr. Growth %	10.21	40.46	10.81	-18.1	189.19
Total Assets, 1 Yr. Growth %	0.69	16.7	0.72	39.1	55.68
Tangible Book Value, 1 Yr. Growth %	23.24	18.84	20.57	18.76	59.82
Common Equity, 1 Yr. Growth %	22.03	18.48	19.5	19.3	58.84
Cash From Operations, 1 Yr. Growth %	-1.02K	238.65	-224.99	-89.1	56.54
Capital Expenditures, 1 Yr. Growth %	-57.46	16.79	-66.41	120.25	85.4
Levered Free Cash Flow, 1 Yr. Growth %	-4.47K	253.11	-179.68	-96.85	-6.26K
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.11K	257.44	-183.3	-93.97	-3.03K
Dividend Per Share, 1 Yr. Growth %	-	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	18.45	5.99	10.19	12.38	31.1
Gross Profit, 2 Yr. CAGR %	17.19	20.02	21.84	15.26	21.26
EBITDA, 2 Yr. CAGR %	11.36	6.99	8.69	16.53	94.94
EBITA, 2 Yr. CAGR %	11.54	5.85	8.47	17.31	96.21
EBIT, 2 Yr. CAGR %	26.52	5.85	8.47	17.31	95.51
Earnings From Cont. Operations, 2 Yr. CAGR %	64.54	23.73	22.58	-1.06	98.15
Net Income, 2 Yr. CAGR %	64.54	23.73	22.58	-1.06	98.15
Normalized Net Income, 2 Yr. CAGR %	24.27	7.91	10.2	9.12	103.68
Diluted EPS Before Extra, 2 Yr. CAGR %	64.72	23.32	22.06	-1.79	91.27
Accounts Receivable, 2 Yr. CAGR %	-4.37	-6.47	13.14	18.11	75.9
Inventory, 2 Yr. CAGR %	28.93	38.03	10.7	19.68	32.8
Net Property, Plant and Equip., 2 Yr. CAGR %	38.92	24.42	24.76	-4.73	53.9
Total Assets, 2 Yr. CAGR %	9.69	8.4	8.42	18.37	47.16
Tangible Book Value, 2 Yr. CAGR %	19.77	21.02	19.7	19.66	37.77
Common Equity, 2 Yr. CAGR %	19.42	20.24	18.98	19.4	37.66
Cash From Operations, 2 Yr. CAGR %	1.71	458.77	105.74	-63.09	-58.7
Capital Expenditures, 2 Yr. CAGR %	32.36	-29.52	-37.36	-13.98	102.08
Levered Free Cash Flow, 2 Yr. CAGR %	-3.58	1.14K	68.22	-84.16	32.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	-7.49	502.17	73.05	-77.6	29.62
Dividend Per Share, 2 Yr. CAGR %	26.49	-	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	21.24	15.28	7.7	11.31	24.1
Gross Profit, 3 Yr. CAGR %	14.91	20.07	19.26	18.75	20.06
EBITDA, 3 Yr. CAGR %	22.62	7.62	10.36	10.96	64.54
EBITA, 3 Yr. CAGR %	23.3	7.01	9.86	11.03	65.77
EBIT, 3 Yr. CAGR %	22.91	16.76	9.86	11.03	65.37
Earnings From Cont. Operations, 3 Yr. CAGR %	13.54	49.73	22.88	6.66	68.2
Net Income, 3 Yr. CAGR %	13.54	49.73	22.88	6.66	68.2
Normalized Net Income, 3 Yr. CAGR %	21.78	19.17	8.87	9.28	66.28
Diluted EPS Before Extra, 3 Yr. CAGR %	13.64	49.65	22.41	6.01	64.03
Accounts Receivable, 3 Yr. CAGR %	5.57	2.69	-1.85	18.21	49.55
Inventory, 3 Yr. CAGR %	23.44	28.83	21.99	22.59	18.88
Net Property, Plant and Equip., 3 Yr. CAGR %	5.74	39.43	19.71	8.43	37.94
Total Assets, 3 Yr. CAGR %	14.06	11.98	5.78	17.81	29.69
Tangible Book Value, 3 Yr. CAGR %	18.31	19.45	20.87	19.39	31.78
Common Equity, 3 Yr. CAGR %	16.39	19.1	19.99	19.09	31.32
Cash From Operations, 3 Yr. CAGR %	27.57	51.88	239.19	-22.74	-40.26
Capital Expenditures, 3 Yr. CAGR %	-	26.95	-44.94	-4.75	11.11
Levered Free Cash Flow, 3 Yr. CAGR %	63.9	48.7	398.47	-55.33	11.8
Unlevered Free Cash Flow, 3 Yr. CAGR %	71.1	45.24	212.03	-43.49	11.82
Dividend Per Share, 3 Yr. CAGR %	16.96	16.96	-	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	23.53	20.45	16.7	14.11	16.51
Gross Profit, 5 Yr. CAGR %	17.07	17.84	17.63	18.12	20.04
EBITDA, 5 Yr. CAGR %	19.58	17.4	16.82	11.1	38.51
EBITA, 5 Yr. CAGR %	20.7	18.01	16.92	11.02	38.54
EBIT, 5 Yr. CAGR %	20.47	18.01	16.92	16.98	38.34
Earnings From Cont. Operations, 5 Yr. CAGR %	13.08	11.2	17.07	26.86	48.76
Net Income, 5 Yr. CAGR %	13.06	11.16	17.07	26.86	48.76
Normalized Net Income, 5 Yr. CAGR %	19.48	17.5	17.01	15.04	39.87
Diluted EPS Before Extra, 5 Yr. CAGR %	-	11.14	16.94	26.45	46.34
Accounts Receivable, 5 Yr. CAGR %	17.32	12.98	8.54	8.6	23.95
Inventory, 5 Yr. CAGR %	29.81	26.68	18.18	25.09	26.2
Net Property, Plant and Equip., 5 Yr. CAGR %	2.85	1.51	12.97	19.73	32.36
Total Assets, 5 Yr. CAGR %	22.33	15.99	11.77	14.49	20.71
Tangible Book Value, 5 Yr. CAGR %	20	18.31	18.86	19.54	27.36
Common Equity, 5 Yr. CAGR %	18.42	16.98	17.42	19.22	26.77
Cash From Operations, 5 Yr. CAGR %	48.43	27.68	54.44	-13.75	46.1
Capital Expenditures, 5 Yr. CAGR %	54.09	-17.2	-	8.65	-7.38
Levered Free Cash Flow, 5 Yr. CAGR %	92.41	54.79	65.67	-39.21	193.35
Unlevered Free Cash Flow, 5 Yr. CAGR %	97.54	55.19	71.94	-31.15	119.53
Dividend Per Share, 5 Yr. CAGR %	25.21	9.86	9.86	9.86	-