Income Statement Gambero Rosso S.p.A.

Stocks

GAMB

IT0005122392

Business Support Services

Real-time Borsa Italiana 07:17:01 01/10/2026 pm IST			5-day change	1st Jan Change
0.3160 ^EUR	-2.47%		-13.19%	+37.39%

30/09	Class Editori narrows first-half loss; Ebitda up, revenue down	AN
29/09	Gambero Rosso returns to profit in first half; three directors step down	AN

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Published financial data: GAMBERO ROSSO S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	1.28Cr	1.73Cr	1.82Cr	1.49Cr	1.49Cr
Other Revenues, Total	2L	4L	4L	3L	4L
Total Revenues	1.3Cr	1.77Cr	1.86Cr	1.52Cr	1.53Cr
Cost of Goods Sold, Total	60.32L	89.13L	95.09L	94.15L	92.3L
Gross Profit	69.22L	87.73L	90.42L	57.72L	61.06L
Selling General & Admin Expenses, Total	32.64L	32.52L	33.56L	31L	32.03L
Depreciation & Amortization - (IS)	28.86L	26.45L	27.98L	27.5L	26.66L
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	21T	2L	1L	1L	2L
Other Operating Expenses, Total	61.71L	61.24L	62.71L	59.85L	60.74L
Operating Income	8L	26.49L	27.71L	-2L	32T
Interest Expense, Total	-3L	-3L	-4L	-7L	-6L
Net Interest Expenses	-3L	-3L	-4L	-7L	-6L
Currency Exchange Gains (Loss)	-6T	-14T	-11T	2T	-20T
Other Non Operating Income (Expenses)	-1L	-1L	-2L	-1L	-93T
EBT, Excl. Unusual Items	3L	21.69L	21.3L	-10.26L	-7L
Gain (Loss) On Sale Of Investments	-4T	-	-7T	-	-
Other Unusual Items	-1L	-1L	-5L	-9L	-13.27L
EBT, Incl. Unusual Items	1L	20.56L	16.55L	-19.24L	-20.26L
Income Tax Expense	1L	5L	4L	74T	-2T
Earnings From Continuing Operations	6T	15.99L	12.1L	-19.98L	-20.24L
Net Income to Company	6T	15.99L	12.1L	-19.98L	-20.24L
Minority Interest	1T	-2T	-1T	-1T	3T
Net Income - (IS)	7T	15.97L	12.09L	-19.99L	-20.21L
Net Income to Common Incl Extra Items	7T	15.97L	12.09L	-19.99L	-20.21L
Net Income to Common Excl. Extra Items	7T	15.97L	12.09L	-19.99L	-20.21L
Per Share Items
Net EPS - Basic	0	0.11	0.08	-0.14	-0.14
Basic EPS - Continuing Operations	0	0.11	0.08	-0.14	-0.14
Basic Weighted Average Shares Outstanding	1.44Cr	1.45Cr	1.51Cr	1.43Cr	1.44Cr
Net EPS - Diluted	0	0.11	0.08	-0.14	-0.14
Diluted EPS - Continuing Operations	0	0.11	0.08	-0.14	-0.14
Diluted Weighted Average Shares Outstanding	1.44Cr	1.45Cr	1.51Cr	1.43Cr	1.44Cr
Normalized Basic EPS	0.01	0.09	0.09	-0.04	-0.03
Normalized Diluted EPS	0.01	0.09	0.09	-0.04	-0.03
Supplemental Items
EBITDA	29.54L	45.56L	47.52L	17.15L	18.96L
EBITA	27.19L	43.62L	45.69L	15.34L	17.58L
EBIT	8L	26.49L	27.71L	-2L	32T
Total Revenues (As Reported)	1.31Cr	1.77Cr	1.86Cr	1.51Cr	1.53Cr
Effective Tax Rate - (Ratio)	95.12	22.23	26.89	-3.85	0.1
Total Current Taxes	2T	2L	2L	8T	30T
Total Deferred Taxes	1L	3L	2L	66T	-31T
Normalized Net Income	2L	13.54L	13.3L	-6L	-4L
Interest on Long-Term Debt	40T	26T	9T	2L	2L
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	99T	1L	4L	4L	5L
Total Cash And Short Term Investments	99T	1L	4L	4L	5L
Accounts Receivable, Total	71.06L	77.83L	72.39L	68.23L	55.26L
Other Receivables	8L	4L	10L	8L	6L
Total Receivables	79.11L	81.5L	82.31L	76.51L	61.01L
Inventory	10.66L	10.65L	10.07L	9L	7L
Prepaid Expenses	-	5L	-	-	-
Other Current Assets, Total	50T	7T	58T	10T	0
Total Current Assets	91.26L	98.27L	96.62L	90.22L	73.25L
Net Property Plant And Equipment	18.67L	11.61L	66.02L	63.12L	55.2L
Long-term Investments	3L	3L	3L	3L	3L
Other Intangibles, Total	1.88Cr	1.97Cr	2.02Cr	2.01Cr	1.97Cr
Deferred Tax Assets Long-Term	19.86L	16.94L	14.6L	13.94L	14.25L
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1L	1L	1L	1L	1L
Total Assets	3.22Cr	3.28Cr	3.84Cr	3.73Cr	3.44Cr
Liabilities
Accounts Payable, Total	45.76L	47.99L	44.18L	43.57L	35.32L
Accrued Expenses, Total	23.56L	18.77L	19.69L	16.79L	17L
Short-term Borrowings	11.49L	10L	22.57L	37.57L	48.09L
Current Portion of Long-Term Debt	16.36L	25.44L	19.56L	24.41L	14.17L
Current Portion of Leases	7L	7L	5L	6L	6L
Current Income Taxes Payable	29.62L	35.29L	33.23L	18.25L	27.47L
Other Current Liabilities	2L	2L	2L	1L	4L
Total Current Liabilities	1.36Cr	1.46Cr	1.46Cr	1.48Cr	1.52Cr
Long-Term Debt	60.98L	45.51L	27.55L	28.35L	19.03L
Long-Term Leases	8L	1L	57.13L	55.39L	47.73L
Pension & Other Post Retirement Benefits	6L	5L	4L	4L	3L
Deferred Tax Liability Non Current	-	-	9T	2T	-
Other Non Current Liabilities	11.91L	13.67L	19.36L	28.11L	32.4L
Total Liabilities	2.22Cr	2.11Cr	2.55Cr	2.64Cr	2.55Cr
Common Stock, Total	1.03Cr	1.03Cr	1.03Cr	1.03Cr	1.03Cr
Retained Earnings	-15.57L	39T	12.07L	-8L	-28.5L
Comprehensive Income and Other	12.46L	12.88L	13.77L	14.08L	14.16L
Total Common Equity	1Cr	1.16Cr	1.29Cr	1.09Cr	88.88L
Minority Interest	7T	9T	10T	11T	8T
Total Equity	1Cr	1.17Cr	1.29Cr	1.09Cr	88.96L
Total Liabilities And Equity	3.22Cr	3.28Cr	3.84Cr	3.73Cr	3.44Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.44Cr	1.44Cr	1.44Cr	1.44Cr	1.44Cr
ECS Total Common Shares Outstanding	1.44Cr	1.44Cr	1.44Cr	1.44Cr	1.44Cr
Book Value / Share	0.69	0.81	0.89	0.75	0.62
Tangible Book Value	-88.12L	-80.54L	-73.35L	-92.49L	-1.08Cr
Tangible Book Value Per Share	-0.61	-0.56	-0.51	-0.64	-0.75
Total Debt	1.03Cr	88.9L	1.32Cr	1.52Cr	1.35Cr
Net Debt	1.02Cr	87.45L	1.28Cr	1.48Cr	1.3Cr
Minority Interest, Total (Incl. Fin. Div)	7T	9T	10T	11T	8T
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	7L	6L	6L	5L	5L
Inventories - Finished Goods, Total	5L	5L	6L	5L	5L
Full Time Employees	93.6	90.4	86.03	81.3	80.72
Accumulated Allowance for Doubtful Accounts (Supple)	3L	3L	3L	3L	3L

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	7T	15.97L	12.09L	-19.99L	-20.21L
Depreciation & Amortization - CF	9L	9L	9L	10L	9L
Amortization of Goodwill and Intangible Assets - (CF)	19.68L	17.13L	17.98L	17.47L	17.26L
Depreciation & Amortization, Total	28.88L	25.95L	26.78L	27.2L	26.36L
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
Other Operating Activities, Total	-1L	-73T	-80T	-68T	-43T
Change In Accounts Receivable	-9L	-7L	5L	4L	12.97L
Change In Inventories	33T	1T	58T	88T	2L
Change In Accounts Payable	5L	2L	-4L	-61T	-8L
Change in Other Net Operating Assets	-4L	6L	5L	-7L	18.93L
Cash from Operations	19.36L	42.25L	45.13L	4L	31.13L
Capital Expenditure	-1L	-2L	-63.21L	-7L	-1L
Sale (Purchase) of Intangible assets	-26.86L	-25.92L	-23.36L	-16.54L	-12.72L
Investment in Marketable and Equity Securities, Total	-6T	-	-	-	-6T
Other Investing Activities, Total	-1T	-	-	-	-
Cash from Investing	-28.08L	-27.67L	-86.57L	-23.37L	-13.96L
Short Term Debt Issued, Total	8L	8L	5L	20.85L	12T
Long-Term Debt Issued, Total	-	-	38.11L	-	-
Total Debt Issued	8L	8L	43.17L	20.85L	12T
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-4L	-22.06L	-	-94T	-16.98L
Total Debt Repaid	-4L	-22.06L	-	-94T	-16.98L
Issuance of Common Stock	-	41T	-	-	-
Other Financing Activities, Total	-2T	-	49T	-8T	10T
Cash from Financing	5L	-14.11L	43.66L	19.83L	-16.76L
Miscellaneous Cash Flow Adjustments	-	-1T	-1T	-	-1T
Net Change in Cash	-4L	46T	2L	76T	40T
Supplemental Items
Levered Free Cash Flow	-5L	9L	-46.15L	-13.39L	30.21L
Unlevered Free Cash Flow	-3L	11.24L	-43.54L	-9L	34.07L
Change In Net Working Capital	8L	4L	1L	11.58L	-21.41L
Net Debt Issued / Repaid	5L	-14.52L	43.17L	19.91L	-16.86L

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	1.47	5.09	4.87	-0.35	0.06
Return on Total Capital	2.33	8.09	7.42	-0.51	0.08
Return On Equity %	0.06	14.75	9.85	-16.77	-20.44
Return on Common Equity	0.07	14.75	9.85	-16.79	-20.43
Margin Analysis
Gross Profit Margin %	53.44	49.6	48.74	38.01	39.81
SG&A Margin	25.2	18.39	18.09	20.41	20.89
EBITDA Margin %	22.8	25.76	25.62	11.29	12.36
EBITA Margin %	20.99	24.66	24.63	10.1	11.46
EBIT Margin %	5.8	14.98	14.94	-1.4	0.21
Income From Continuing Operations Margin %	0.05	9.04	6.52	-13.16	-13.2
Net Income Margin %	0.05	9.03	6.52	-13.16	-13.18
Net Avail. For Common Margin %	0.05	9.03	6.52	-13.16	-13.18
Normalized Net Income Margin	1.33	7.65	7.17	-4.23	-2.83
Levered Free Cash Flow Margin	-3.89	5.18	-24.88	-8.82	19.7
Unlevered Free Cash Flow Margin	-2.24	6.35	-23.47	-5.98	22.22
Asset Turnover
Asset Turnover	0.41	0.54	0.52	0.4	0.43
Fixed Assets Turnover	5.71	11.68	4.78	2.35	2.59
Receivables Turnover (Average Receivables)	1.93	2.33	2.42	2.12	2.42
Inventory Turnover (Average Inventory)	5.57	8.37	9.18	9.78	11.11
Short Term Liquidity
Current Ratio	0.67	0.67	0.66	0.61	0.48
Quick Ratio	0.59	0.57	0.59	0.55	0.43
Operating Cash Flow to Current Liabilities	0.14	0.29	0.31	0.03	0.2
Days Sales Outstanding (Average Receivables)	189.55	156.77	150.74	172.74	151.06
Days Outstanding Inventory (Average Inventory)	65.5	43.63	39.77	37.44	32.86
Average Days Payable Outstanding	264.46	191.98	177.98	172.17	159.02
Cash Conversion Cycle (Average Days)	-9.41	8.42	12.53	38.01	24.91
Long Term Solvency
Total Debt/Equity	103.24	76.26	102.26	139.3	151.89
Total Debt / Total Capital	50.8	43.26	50.56	58.21	60.3
LT Debt/Equity	68.51	39.95	65.56	76.76	75.04
Long-Term Debt / Total Capital	33.71	22.66	32.41	32.07	29.79
Total Liabilities / Total Assets	68.9	64.45	66.34	70.74	74.12
EBIT / Interest Expense	2.19	7.95	6.63	-0.31	0.05
EBITDA / Interest Expense	10.61	15.75	13.04	3.63	4.32
(EBITDA - Capex) / Interest Expense	10.27	15.22	-2.09	2.64	4.13
Total Debt / EBITDA	2.84	1.7	2.42	6.06	5.06
Net Debt / EBITDA	2.82	1.67	2.36	5.89	4.88
Total Debt / (EBITDA - Capex)	2.94	1.75	-15.15	8.33	5.3
Net Debt / (EBITDA - Capex)	2.91	1.73	-14.73	8.09	5.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.56	35	4.89	-18.13	0.98
Gross Profit, 1 Yr. Growth %	3.76	24.11	3.07	-36.16	5.79
EBITDA, 1 Yr. Growth %	74.28	54.23	4.3	-63.91	10.55
EBITA, 1 Yr. Growth %	90.14	60.43	4.75	-66.43	14.6
EBIT, 1 Yr. Growth %	-177.66	252.73	4.61	-107.69	-115.02
Earnings From Cont. Operations, 1 Yr. Growth %	-100.34	22.74T	-24.33	-265.12	1.3
Net Income, 1 Yr. Growth %	-100.4	22.71T	-24.3	-265.34	1.1
Normalized Net Income, 1 Yr. Growth %	-120.03	687.56	-1.73	-148.28	-32.44
Diluted EPS Before Extra, 1 Yr. Growth %	-100.4	22.63T	-27.27	-275	0
Accounts Receivable, 1 Yr. Growth %	15.41	9.53	-6.99	-5.75	-19.01
Inventory, 1 Yr. Growth %	-3	-0.09	-5.45	-8.74	-19.15
Net Property, Plant and Equip., 1 Yr. Growth %	-30.13	-37.81	468.65	-4.39	-12.55
Total Assets, 1 Yr. Growth %	2.08	1.81	17.02	-2.84	-7.8
Tangible Book Value, 1 Yr. Growth %	8.8	-8.6	-8.93	26.09	16.83
Common Equity, 1 Yr. Growth %	0.05	16.36	10.79	-15.55	-18.45
Cash From Operations, 1 Yr. Growth %	1.03T	118.23	6.82	-90.47	623.95
Capital Expenditures, 1 Yr. Growth %	666.67	52.17	3.51T	-89.19	-82.72
Levered Free Cash Flow, 1 Yr. Growth %	-184.74	-281.65	-604.14	-70.98	-325.53
Unlevered Free Cash Flow, 1 Yr. Growth %	-137.29	-487.96	-487.51	-79.14	-475.17
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-11.62	17.75	19	-7.33	-9.08
Gross Profit, 2 Yr. CAGR %	-10.58	14.68	13.1	-18.89	-17.82
EBITDA, 2 Yr. CAGR %	-13.84	63.95	26.83	-38.65	-36.83
EBITA, 2 Yr. CAGR %	-13.43	74.65	29.63	-40.7	-37.97
EBIT, 2 Yr. CAGR %	-33.65	65.51	92.09	-71.64	-89.25
Earnings From Cont. Operations, 2 Yr. CAGR %	-89.83	-4.95	1.21T	11.78	29.33
Net Income, 2 Yr. CAGR %	-89.07	-4.93	1.21T	11.88	29.29
Normalized Net Income, 2 Yr. CAGR %	-53.52	25.45	178.2	-31.12	-42.89
Diluted EPS Before Extra, 2 Yr. CAGR %	-89	-4.26	1.19T	12.82	32.29
Accounts Receivable, 2 Yr. CAGR %	-1.36	12.43	0.93	-6.37	-12.63
Inventory, 2 Yr. CAGR %	-5.71	-1.56	-2.81	-7.11	-14.1
Net Property, Plant and Equip., 2 Yr. CAGR %	-28.15	-34.08	88.05	133.17	-8.56
Total Assets, 2 Yr. CAGR %	-2.8	1.94	9.15	6.63	-5.35
Tangible Book Value, 2 Yr. CAGR %	18.31	-0.28	-8.76	7.16	21.38
Common Equity, 2 Yr. CAGR %	-7.83	7.9	13.54	-3.27	-17.01
Cash From Operations, 2 Yr. CAGR %	-20.07	395.62	52.68	-68.1	-16.95
Capital Expenditures, 2 Yr. CAGR %	-82.01	241.56	641.39	97.56	-86.34
Levered Free Cash Flow, 2 Yr. CAGR %	-51.17	24.07	202.61	20.95	-19.1
Unlevered Free Cash Flow, 2 Yr. CAGR %	-61.61	20.28	287.73	-10.1	-11.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-8.11	2.16	13.3	5.05	-4.64
Gross Profit, 3 Yr. CAGR %	-5	0.45	10.67	-6.53	-11.38
EBITDA, 3 Yr. CAGR %	-8.52	4.62	41.01	-16.58	-25.34
EBITA, 3 Yr. CAGR %	-7.53	6.33	47.29	-17.37	-26.13
EBIT, 3 Yr. CAGR %	-24.7	15.8	42.04	-34.3	-77.06
Earnings From Cont. Operations, 3 Yr. CAGR %	-81.05	40.22	-11.91	558.41	8.17
Net Income, 3 Yr. CAGR %	-80.13	39.68	-11.88	558.52	8.17
Normalized Net Income, 3 Yr. CAGR %	-43.56	19.3	15.64	55.18	-31.56
Diluted EPS Before Extra, 3 Yr. CAGR %	-79.95	40.1	-12.64	561.34	8.37
Accounts Receivable, 3 Yr. CAGR %	-2.43	2.14	5.54	-1.35	-10.79
Inventory, 3 Yr. CAGR %	-1.9	-3.87	-2.87	-4.83	-11.31
Net Property, Plant and Equip., 3 Yr. CAGR %	17.63	-31.53	35.19	50.09	68.15
Total Assets, 3 Yr. CAGR %	1.15	-1.28	6.74	5	1.58
Tangible Book Value, 3 Yr. CAGR %	13.78	8.56	-3.25	1.63	10.29
Common Equity, 3 Yr. CAGR %	-3.77	-0.38	8.85	2.87	-8.62
Cash From Operations, 3 Yr. CAGR %	-6.82	11.72	197.15	-39.44	-9.68
Capital Expenditures, 3 Yr. CAGR %	-19.57	-63.34	649.72	81.1	-12.31
Levered Free Cash Flow, 3 Yr. CAGR %	51.79	-24.34	97.98	38.51	48.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.68	-16.99	77.65	46.36	44.74
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-4.14	1.41	2.13	-1.75	3.75
Gross Profit, 5 Yr. CAGR %	-1	2.78	2.29	-7.78	-1.75
EBITDA, 5 Yr. CAGR %	-2.37	5.15	4.25	-15.49	2.27
EBITA, 5 Yr. CAGR %	-1.26	6.67	5.85	-15.82	4.22
EBIT, 5 Yr. CAGR %	-14.38	6.86	9.52	-34.04	-49.42
Earnings From Cont. Operations, 5 Yr. CAGR %	-60.36	6.93	6.55	28.07	2.72
Net Income, 5 Yr. CAGR %	-59.67	6.75	6.27	27.82	2.72
Normalized Net Income, 5 Yr. CAGR %	-26.36	6.22	6.79	-4.23	-12.79
Diluted EPS Before Extra, 5 Yr. CAGR %	-59.68	6.65	5.92	28.47	3.13
Accounts Receivable, 5 Yr. CAGR %	-6.6	-1.11	-1.1	-1.35	-2.14
Inventory, 5 Yr. CAGR %	1.31	-0.02	-2.26	-5.18	-7.53
Net Property, Plant and Equip., 5 Yr. CAGR %	5.2	-2.9	41.91	11.78	15.62
Total Assets, 5 Yr. CAGR %	0.34	0.55	4.28	1.81	1.73
Tangible Book Value, 5 Yr. CAGR %	9.06	6.5	4.16	8	5.94
Common Equity, 5 Yr. CAGR %	1.73	2.45	2.81	-1.55	-2.34
Cash From Operations, 5 Yr. CAGR %	18.63	-2.29	13.53	-32.33	78.46
Capital Expenditures, 5 Yr. CAGR %	-23.88	-9.29	95.56	-28.09	51.06
Levered Free Cash Flow, 5 Yr. CAGR %	-31.66	-10.76	100.03	-8.72	38.41
Unlevered Free Cash Flow, 5 Yr. CAGR %	-38.83	-8.69	77.75	-14.3	34.41