Cash flow Artnet AG

Stocks

ART

DE000A1K0375

Consumer Publishing

Market Closed - Xetra Other stock markets 09:06:01 22/08/2025 pm IST			5-day change	1st Jan Change
11.30 ^EUR	-.--%		-.--%	-

31/12	Beowolff Capital completed the acquisition of remaining 4.58% stake in Artnet AG.	CI
08/25/08	Beowolff Capital agreed to acquire remaining 4.58% stake in Artnet AG.	CI

c358a8797004e6abfd49c7b0b29f1556.v8cFhnSqo8F9g6pTYn8ZwULe_MSoAALLcgIcFibPSss.9bBd6B3I6ZJNzdsUCS5zhhvsmJzcZGiIO3p9fWSLD4fRsV_JGsaVoxz15w

Published financial data: ARTNET AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.89Cr	2.09Cr	2.5Cr	2.33Cr	2.22Cr
Total Revenues	1.89Cr	2.09Cr	2.5Cr	2.33Cr	2.22Cr
Cost of Goods Sold, Total	72.13L	87.4L	1.06Cr	1.01Cr	99.78L
Gross Profit	1.17Cr	1.21Cr	1.45Cr	1.32Cr	1.23Cr
Selling General & Admin Expenses, Total	93.57L	98.12L	1.35Cr	1.27Cr	1.09Cr
Stock-Based Compensation (IS)	-	-	-	-	-
R&D Expenses	21.83L	30.89L	26.08L	24.34L	25.02L
Other Operating Expenses, Total	1.15Cr	1.29Cr	1.61Cr	1.51Cr	1.34Cr
Operating Income	2L	-8L	-16.3L	-19L	-11.36L
Interest Expense, Total	-99.17T	-53.31T	-35.27T	-89.64T	-2L
Interest And Investment Income	-	3.74T	47.08T	536	-
Net Interest Expenses	-99.17T	-49.57T	11.8T	-89.11T	-2L
Currency Exchange Gains (Loss)	1L	-24T	-1L	-38T	-89T
Other Non Operating Income (Expenses)	15.77L	73.64T	-3L	1L	9.32T
EBT, Excl. Unusual Items	17.97L	-8L	-20.09L	-19.12L	-13.98L
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	20.8L	-	-
EBT, Incl. Unusual Items	17.97L	-8L	71.24T	-19.12L	-13.98L
Income Tax Expense	-1L	43.28T	-49.27T	-9L	-1.93T
Earnings From Continuing Operations	19.24L	-8L	1L	-10.04L	-13.96L
Net Income to Company	19.24L	-8L	1L	-10.04L	-13.96L
Net Income - (IS)	19.24L	-8L	1L	-10.04L	-13.96L
Net Income to Common Incl Extra Items	19.24L	-8L	1L	-10.04L	-13.96L
Net Income to Common Excl. Extra Items	19.24L	-8L	1L	-10.04L	-13.96L
Per Share Items
Net EPS - Basic	0.35	-0.14	0.02	-0.18	-0.24
Basic EPS - Continuing Operations	0.35	-0.14	0.02	-0.18	-0.24
Basic Weighted Average Shares Outstanding	55.59L	56.28L	56.28L	56.8L	57.06L
Net EPS - Diluted	0.35	-0.14	0.02	-0.18	-0.24
Diluted EPS - Continuing Operations	0.35	-0.14	0.02	-0.18	-0.24
Diluted Weighted Average Shares Outstanding	55.59L	56.28L	56.28L	56.8L	57.06L
Normalized Basic EPS	0.2	-0.08	-0.22	-0.21	-0.15
Normalized Diluted EPS	0.2	-0.08	-0.22	-0.21	-0.15
Supplemental Items
EBITDA	3L	-6L	-16.03L	-18.6L	-10.38L
EBITA	2L	-8L	-16.3L	-19L	-11.36L
EBIT	2L	-8L	-16.3L	-19L	-11.36L
EBITDAR	3L	-6L	-15.98L	-16.74L	-10L
Total Revenues (As Reported)	1.89Cr	2.09Cr	2.5Cr	2.33Cr	2.22Cr
Effective Tax Rate - (Ratio)	-7.05	-5.75	-69.17	47.49	0.14
Total Current Taxes	14.5T	10.88T	30.75T	28.78T	52.91T
Total Deferred Taxes	-1L	32.41T	-80.03T	-9L	-54.83T
Normalized Net Income	11.23L	-5L	-12.55L	-11.95L	-9L
Interest on Long-Term Debt	99.17T	53.31T	27T	15T	9T
Supplemental Operating Expense Items
Selling and Marketing Expenses	54.39L	58.44L	87.26L	88L	78.09L
General and Administrative Expenses	38.91L	39.26L	47.67L	37.05L	30.46L
Research And Development Expense From Footnotes	24.64L	30.89L	26.08L	24.34L	25.02L
Net Rental Expense, Total	27T	42T	5T	2L	43T
Imputed Operating Lease Interest Expense	7.13T	8.19T	796	92.19T	39.73T
Imputed Operating Lease Depreciation	19.87T	33.81T	4.2T	93.81T	3.27T
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	14.69L	6L	10.53L	5L	4L
Short Term Investments	3L	2L	2L	-	-
Total Cash And Short Term Investments	17.96L	8L	13.01L	5L	4L
Accounts Receivable, Total	15.58L	26.25L	29.43L	26.49L	26.98L
Other Receivables	59T	44T	39T	3L	1L
Total Receivables	16.17L	26.69L	29.82L	29.02L	28.35L
Restricted Cash	2L	2L	3L	-	-
Other Current Assets, Total	8T	40T	22.28L	2L	2L
Total Current Assets	36.26L	37.9L	67.67L	35.88L	34.97L
Gross Property Plant And Equipment	50.96L	54.67L	57.95L	7L	2L
Accumulated Depreciation	-28.79L	-41.51L	-54.34L	-3L	-75.16T
Net Property Plant And Equipment	22.17L	13.16L	4L	4L	1L
Other Intangibles, Total	33.98L	40.42L	57.61L	62.3L	67.69L
Deferred Tax Assets Long-Term	12.91L	13.54L	15.14L	23.89L	26.06L
Other Long-Term Assets, Total	3L	3L	45.04T	61.06T	12.77T
Total Assets	1.09Cr	1.08Cr	1.44Cr	1.26Cr	1.3Cr
Liabilities
Accounts Payable, Total	6L	8L	23.34L	38.46L	41.84L
Accrued Expenses, Total	4L	5L	11.01L	3L	4L
Current Portion of Long-Term Debt	-	-	5L	6.31T	11.64L
Current Portion of Leases	13.36L	15.51L	10L	2L	65.21T
Current Income Taxes Payable	43T	1L	2L	2L	2L
Unearned Revenue Current, Total	17.1L	21.97L	31.95L	24.66L	25.71L
Other Current Liabilities	8L	9L	11.6L	2L	4L
Total Current Liabilities	48.76L	61.13L	93.83L	73.08L	90.23L
Long-Term Debt	-	-	3L	9L	7L
Long-Term Leases	11.81L	3L	-	85.37T	21.04T
Unearned Revenue Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	60.56L	64.22L	96.4L	82.89L	97.52L
Common Stock, Total	57.06L	57.06L	57.06L	57.06L	57.06L
Additional Paid In Capital	5.11Cr	5.11Cr	5.11Cr	5.15Cr	-
Retained Earnings	-5.18Cr	-5.26Cr	-5.25Cr	-5.35Cr	-5.49Cr
Treasury Stock	-3L	-3L	-3L	-	-
Comprehensive Income and Other	75.12T	5L	7L	6L	5.24Cr
Total Common Equity	48.22L	44.03L	48.08L	43.3L	32.65L
Total Equity	48.22L	44.03L	48.08L	43.3L	32.65L
Total Liabilities And Equity	1.09Cr	1.08Cr	1.44Cr	1.26Cr	1.3Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	56.28L	56.28L	56.28L	57.06L	57.06L
ECS Total Common Shares Outstanding	56.28L	56.28L	56.28L	57.06L	57.06L
Book Value / Share	0.86	0.78	0.85	0.76	0.57
Tangible Book Value	14.25L	4L	-10L	-19L	-35.04L
Tangible Book Value Per Share	0.25	0.06	-0.17	-0.33	-0.61
Total Debt	25.16L	18.6L	16.85L	12.09L	19.59L
Net Debt	7L	10.18L	4L	7L	15.34L
Debt Equivalent Oper. Leases	2L	3L	40T	14.88L	3L
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	10.16L	11L	11.81L	2L	1L
Full Time Employees	120	127	135	129	117
Part Time Employees	3	6	6	4	5
Accumulated Allowance for Doubtful Accounts (Supple)	6L	6L	4L	4L	5L

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	19.24L	-8L	1L	-10.04L	-13.96L
Depreciation & Amortization - CF	10.59L	10.82L	10.38L	5L	3L
Depreciation & Amortization, Total	10.59L	10.82L	10.38L	5L	3L
Amortization of Deferred Charges, Total - (CF)	3L	3L	5L	11.84L	13.84L
(Gain) Loss From Sale Of Asset	-	-	-	-24.61T	1.93T
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	3L	2L	1L	4L	4L
Other Operating Activities, Total	-3L	86.99T	-43.13T	-9L	2L
Change In Accounts Receivable	2L	-11.78L	-3L	-63.46T	-4L
Change In Accounts Payable	-2L	2L	14.7L	-20.62T	3L
Change in Unearned Revenues	-49.18T	3L	9L	-7L	1L
Change in Other Net Operating Assets	-5L	3L	-10.85L	16.59L	3L
Cash from Operations	27.14L	6L	26.62L	10L	12.87L
Capital Expenditure	-11.72T	-3.14T	-13.24T	-35.7T	-25.73T
Sale of Property, Plant, and Equipment	-	-	-	24.61T	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-9L	-7L	-19.23L	-16.47L	-15.05L
Other Investing Activities, Total	-	-	-1	-	1
Cash from Investing	-9L	-7L	-19.37L	-16.58L	-15.3L
Long-Term Debt Issued, Total	2L	-	7L	6L	10L
Total Debt Issued	2L	-	7L	6L	10L
Long-Term Debt Repaid, Total	-9L	-8L	-10L	-10.29L	-4L
Total Debt Repaid	-9L	-8L	-10L	-10.29L	-4L
Issuance of Common Stock	-	-	-	7L	-
Other Financing Activities, Total	78.36T	-53.31T	-35.27T	-89.84T	-2L
Cash from Financing	-6L	-9L	-3L	2L	5L
Foreign Exchange Rate Adjustments	-2L	2L	56.09T	-39.94T	-3L
Miscellaneous Cash Flow Adjustments	1	-	1	-	-1
Net Change in Cash	10L	-9L	5L	-5L	-1L
Supplemental Items
Cash Interest Paid	99.17T	53.31T	35.27T	89.84T	2L
Cash Income Tax Paid (Refund)	-2L	10.88T	30.75T	14.79T	38.59T
Levered Free Cash Flow	-1L	77.08T	-6L	6L	44.7T
Unlevered Free Cash Flow	-56.7T	1L	-6L	6L	2L
Change In Net Working Capital	7L	95.83T	-9L	-17.86L	-7L
Net Debt Issued / Repaid	-7L	-8L	-3L	-4L	6L

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.05	-4.34	-8.06	-8.77	-5.54
Return on Total Capital	1.7	-6.92	-15.98	-19.74	-13.19
Return On Equity %	48	-17.26	2.62	-21.98	-36.77
Return on Common Equity	48	-17.26	2.62	-21.98	-36.77
Margin Analysis
Gross Profit Margin %	61.93	58.16	57.83	56.64	55.14
SG&A Margin	49.4	46.97	53.92	54.35	49
EBITDA Margin %	1.66	-2.89	-6.4	-7.97	-4.67
EBITA Margin %	1	-3.6	-6.51	-8.14	-5.11
EBIT Margin %	1	-3.6	-6.51	-8.14	-5.11
Income From Continuing Operations Margin %	10.16	-3.81	0.48	-4.3	-6.28
Net Income Margin %	10.16	-3.81	0.48	-4.3	-6.28
Net Avail. For Common Margin %	10.16	-3.81	0.48	-4.3	-6.28
Normalized Net Income Margin	5.93	-2.25	-5.02	-5.12	-3.93
Levered Free Cash Flow Margin	-0.63	0.37	-2.43	2.42	0.2
Unlevered Free Cash Flow Margin	-0.3	0.53	-2.34	2.66	0.71
Asset Turnover
Asset Turnover	1.67	1.92	1.98	1.73	1.74
Fixed Assets Turnover	6.67	11.82	29.85	65.66	92.04
Receivables Turnover (Average Receivables)	10	9.99	8.99	8.35	8.32
Short Term Liquidity
Current Ratio	0.74	0.62	0.72	0.49	0.39
Quick Ratio	0.7	0.57	0.46	0.47	0.36
Operating Cash Flow to Current Liabilities	0.56	0.09	0.28	0.13	0.14
Days Sales Outstanding (Average Receivables)	36.61	36.54	40.6	43.71	44
Average Days Payable Outstanding	38.53	29.49	54.46	128.83	147.26
Long Term Solvency
Total Debt/Equity	52.18	42.24	35.05	27.91	59.99
Total Debt / Total Capital	34.29	29.7	25.95	21.82	37.5
LT Debt/Equity	24.48	7.02	5.33	22.65	22.34
Long-Term Debt / Total Capital	16.09	4.93	3.95	17.71	13.96
Total Liabilities / Total Assets	55.67	59.33	66.72	65.69	74.92
EBIT / Interest Expense	1.92	-14.12	-46.22	-21.19	-6.21
EBITDA / Interest Expense	12.6	6.18	-16.78	-15.38	-4.46
(EBITDA - Capex) / Interest Expense	12.48	6.13	-17.16	-15.78	-4.6
Total Debt / EBITDA	2.01	5.64	-2.85	-0.88	-2.4
Net Debt / EBITDA	0.58	3.09	-0.65	-0.49	-1.88
Total Debt / (EBITDA - Capex)	2.03	5.69	-2.78	-0.85	-2.33
Net Debt / (EBITDA - Capex)	0.58	3.12	-0.64	-0.48	-1.82
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.07	10.27	19.83	-6.71	-4.75
Gross Profit, 1 Yr. Growth %	-6.75	3.56	19.15	-8.63	-7.27
EBITDA, 1 Yr. Growth %	-4.9	-292.1	165.72	16.06	-44.2
EBITA, 1 Yr. Growth %	8.05	-495.75	116.61	16.52	-40.22
EBIT, 1 Yr. Growth %	8.05	-495.75	116.61	16.52	-40.22
Earnings From Cont. Operations, 1 Yr. Growth %	-3L	-141.37	-115.14	-933.19	39.07
Net Income, 1 Yr. Growth %	-3L	-141.37	-115.14	-933.19	39.07
Normalized Net Income, 1 Yr. Growth %	43.47T	-324.47	166.9	-9.28	-26.87
Diluted EPS Before Extra, 1 Yr. Growth %	-3L	-140.86	-115.14	-933.2	38.44
Accounts Receivable, 1 Yr. Growth %	-30.23	68.51	12.14	-10	1.87
Net Property, Plant and Equip., 1 Yr. Growth %	-35.97	-40.64	-72.58	-2.93	-62.05
Total Assets, 1 Yr. Growth %	-7.89	-0.49	33.47	-12.66	3.16
Tangible Book Value, 1 Yr. Growth %	2.14T	-74.67	-364.19	99.31	84.46
Common Equity, 1 Yr. Growth %	50.96	-8.69	9.21	-9.95	-24.59
Cash From Operations, 1 Yr. Growth %	66.98	-79.4	376.04	-63.18	31.33
Capital Expenditures, 1 Yr. Growth %	-68.38	-73.19	321.48	169.61	-27.93
Levered Free Cash Flow, 1 Yr. Growth %	-131.61	-164.95	-909.67	-166.04	-92.09
Unlevered Free Cash Flow, 1 Yr. Growth %	-112.79	-294.73	-640.47	-174.51	-74.39
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.68	3.39	14.95	5.73	-5.73
Gross Profit, 2 Yr. CAGR %	2.15	-1.73	11.08	4.34	-7.95
EBITDA, 2 Yr. CAGR %	-41.99	35.16	125.93	75.61	-19.53
EBITA, 2 Yr. CAGR %	-50.2	106.79	192.79	58.87	-16.54
EBIT, 2 Yr. CAGR %	-50.2	106.79	192.79	58.87	-16.54
Earnings From Cont. Operations, 2 Yr. CAGR %	35.74	3.42T	-74.97	12.32	240.4
Net Income, 2 Yr. CAGR %	35.74	3.42T	-74.97	12.32	240.4
Normalized Net Income, 2 Yr. CAGR %	60.91	1.25T	144.77	59.4	-18.55
Diluted EPS Before Extra, 2 Yr. CAGR %	35.88	3.41T	-75.13	11.8	239.63
Accounts Receivable, 2 Yr. CAGR %	-9.59	8.43	37.47	0.46	-4.25
Net Property, Plant and Equip., 2 Yr. CAGR %	143.81	-38.35	-59.65	-48.41	-39.31
Total Assets, 2 Yr. CAGR %	19.69	-4.26	15.24	7.97	-5.08
Tangible Book Value, 2 Yr. CAGR %	41.18	137.99	-18.2	129.47	91.74
Common Equity, 2 Yr. CAGR %	28.01	17.4	-0.14	-0.83	-17.59
Cash From Operations, 2 Yr. CAGR %	56.57	-41.35	-0.96	32.38	-30.47
Capital Expenditures, 2 Yr. CAGR %	-69.16	-70.88	6.3	237.1	39.4
Levered Free Cash Flow, 2 Yr. CAGR %	-49.53	-54.69	126.33	174.31	-77.14
Unlevered Free Cash Flow, 2 Yr. CAGR %	-65.08	-50.1	221.46	139.34	-56.32
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.93	4.47	8.6	7.22	2.11
Gross Profit, 3 Yr. CAGR %	1.2	2.62	4.79	4.08	0.32
EBITDA, 3 Yr. CAGR %	-17.15	-13.53	69.32	80.94	19.83
EBITA, 3 Yr. CAGR %	-19.26	-0.61	110.01	115.36	14.7
EBIT, 3 Yr. CAGR %	-19.26	-0.61	110.01	115.36	14.7
Earnings From Cont. Operations, 3 Yr. CAGR %	40.39	-8.66	472.87	-19.49	20.61
Net Income, 3 Yr. CAGR %	40.39	-8.66	472.87	-19.49	20.61
Normalized Net Income, 3 Yr. CAGR %	62.46	2.73	686.76	78.66	22.94
Diluted EPS Before Extra, 3 Yr. CAGR %	42.34	-8.97	471.03	-20.06	20.06
Accounts Receivable, 3 Yr. CAGR %	8.62	11.27	9.65	19.36	0.93
Net Property, Plant and Equip., 3 Yr. CAGR %	90.72	52.25	-52.94	-45.94	-53.43
Total Assets, 3 Yr. CAGR %	23.66	12.54	6.95	5.07	6.34
Tangible Book Value, 3 Yr. CAGR %	54.13	-20.38	146.42	10.07	113.36
Common Equity, 3 Yr. CAGR %	41.68	14.38	14.6	-3.53	-9.48
Cash From Operations, 3 Yr. CAGR %	39.14	-20.36	17.87	-28.79	32.03
Capital Expenditures, 3 Yr. CAGR %	-44.42	-70.57	-29.04	44.97	101.57
Levered Free Cash Flow, 3 Yr. CAGR %	-13.07	-45.1	17.43	68.22	-15.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	-34.4	-38.08	9.74	122.08	13.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.85	3.74	6.32	4.97	2.62
Gross Profit, 5 Yr. CAGR %	0.71	1.61	5.04	3.31	-0.51
EBITDA, 5 Yr. CAGR %	-19.88	-6.36	23.76	14.8	25.75
EBITA, 5 Yr. CAGR %	-23.11	3.17	35.17	19.9	45.19
EBIT, 5 Yr. CAGR %	-23.11	3.17	35.17	19.9	45.19
Earnings From Cont. Operations, 5 Yr. CAGR %	24.67	4.68	-29.57	-0.78	365.19
Net Income, 5 Yr. CAGR %	24.67	4.68	-29.57	-0.78	365.19
Normalized Net Income, 5 Yr. CAGR %	21.78	7.49	36.81	22.47	220.66
Diluted EPS Before Extra, 5 Yr. CAGR %	24.64	4.4	-29.16	-1.17	363.01
Accounts Receivable, 5 Yr. CAGR %	4.14	10.86	19.35	6.81	3.87
Net Property, Plant and Equip., 5 Yr. CAGR %	27.69	21.13	2.46	-1.25	-47.9
Total Assets, 5 Yr. CAGR %	16.89	14.41	20.22	10.69	1.97
Tangible Book Value, 5 Yr. CAGR %	55.03	-11.55	19.63	21.59	122.89
Common Equity, 5 Yr. CAGR %	48.54	24.54	23.18	8.03	0.44
Cash From Operations, 5 Yr. CAGR %	66.63	-9.67	21.45	-2.41	-4.56
Capital Expenditures, 5 Yr. CAGR %	-12.34	-37.37	-27.96	-21.95	-7.04
Levered Free Cash Flow, 5 Yr. CAGR %	0.89	-19.31	27.47	3.93	-34.66
Unlevered Free Cash Flow, 5 Yr. CAGR %	-15.5	-13.79	23.88	5.95	-18.54