Income Statement Vergnet S.A. Boerse Muenchen

Stocks

VRQ

FR001400JXA2

Renewable Energy Equipment & Services

Real-time Boerse Muenchen			5-day change	1st Jan Change
- ^EUR	-.--%		-.--%	-100.00%

12/11	Vergnet Terminates Contract with Mazal International for Ukrainian Wind Project
06/11	Vergnet SA Reports Earnings Results for the Half Year Ended June 30, 2025	CI

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Published financial data: VERGNET S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (EUR)	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)
Revenues	1.58Cr	1.27Cr	1.91Cr	2.33Cr	46.46L
Other Revenues, Total	18.55L	10L	3L	5L	73T
Total Revenues	1.76Cr	1.36Cr	1.94Cr	2.38Cr	47.19L
Cost of Goods Sold, Total	47.38L	46.89L	67.88L	1.31Cr	42.59L
Gross Profit	1.29Cr	89.46L	1.26Cr	1.07Cr	5L
Selling General & Admin Expenses, Total	89.14L	92.13L	86.54L	91.44L	41.21L
Depreciation & Amortization - (IS)	8L	5L	23.94L	18.56L	36.77L
Other Operating Expenses	50.83L	56.99L	1.56Cr	65.65L	35.76L
Other Operating Expenses, Total	1.48Cr	1.54Cr	2.66Cr	1.76Cr	1.14Cr
Operating Income	-18.76L	-64.96L	-1.41Cr	-68.19L	-1.09Cr
Interest Expense, Total	-28T	-3L	-2L	-79T	-3L
Net Interest Expenses	-28T	-3L	-2L	-79T	-3L
Currency Exchange Gains (Loss)	-1L	-82T	66T	-44T	-35T
Other Non Operating Income (Expenses)	-6T	5T	-50.36L	-17.86L	-15.14L
EBT, Excl. Unusual Items	-20.11L	-68.79L	-1.92Cr	-87.28L	-1.28Cr
Asset Writedown	-	-3T	-12T	-2L	-14.03L
Insurance Settlements	-	3L	-	-	-
Legal Settlements	39T	-	-	-	-
Other Unusual Items	3L	17T	-10.73L	-6L	-31.49L
EBT, Incl. Unusual Items	-16.44L	-65.3L	-2.03Cr	-94.77L	-1.73Cr
Income Tax Expense	2L	42T	1L	80T	-5L
Earnings From Continuing Operations	-18.65L	-65.72L	-2.04Cr	-95.57L	-1.68Cr
Net Income to Company	-18.65L	-65.72L	-2.04Cr	-95.57L	-1.68Cr
Net Income - (IS)	-18.65L	-65.72L	-2.04Cr	-95.57L	-1.68Cr
Net Income to Common Incl Extra Items	-18.65L	-65.72L	-2.04Cr	-95.57L	-1.68Cr
Net Income to Common Excl. Extra Items	-18.65L	-65.72L	-2.04Cr	-95.57L	-1.68Cr
Per Share Items
Net EPS - Basic	-	-	-	-	-742.58
Basic EPS - Continuing Operations	-	-	-	-	-742.58
Basic Weighted Average Shares Outstanding	-	-	-	-	22.69T
Net EPS - Diluted	-	-	-	-	-742.58
Diluted EPS - Continuing Operations	-	-	-	-	-742.58
Diluted Weighted Average Shares Outstanding	-	-	-	-	22.69T
Normalized Basic EPS	-	-	-	-	-352.1
Normalized Diluted EPS	-	-	-	-	-352.1
Supplemental Items
EBITDA	-16.39L	-62.3L	-1.4Cr	-64.29L	-92.28L
EBITA	-18.76L	-64.96L	-1.4Cr	-68.11L	-1.08Cr
EBIT	-18.76L	-64.96L	-1.41Cr	-68.19L	-1.09Cr
Effective Tax Rate - (Ratio)	-13.44	-0.64	-0.66	-0.84	2.8
Total Current Taxes	2L	2L	90T	94T	16T
Total Deferred Taxes	-	45T	45T	8L	-2L
Normalized Net Income	-12.57L	-42.99L	-1.2Cr	-54.55L	-79.88L
Non-Cash Pension Expense	26T	26T	3L	2L	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-

Fiscal Period: December	2020 (EUR)	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)
Assets
Cash And Equivalents	11.72L	11.77L	39.04L	36.23L	32.79L
Short Term Investments	1L	1L	1L	3L	1L
Total Cash And Short Term Investments	12.79L	12.97L	40.18L	39.01L	33.93L
Accounts Receivable, Total	1.7Cr	1.72Cr	1.21Cr	1.08Cr	74.32L
Other Receivables	46.51L	50.64L	59.16L	32.11L	21.49L
Total Receivables	2.17Cr	2.23Cr	1.8Cr	1.4Cr	95.81L
Inventory	45.27L	56.54L	27.4L	33.62L	46.13L
Prepaid Expenses	-	-	-	-	-
Deferred Tax Assets Current	8L	5L	6L	-	-
Other Current Assets, Total	7L	9L	33.32L	62.78L	8L
Total Current Assets	2.9Cr	3.07Cr	2.87Cr	2.75Cr	1.84Cr
Gross Property Plant And Equipment	92.95L	97.97L	1Cr	1.16Cr	1.11Cr
Accumulated Depreciation	-87.81L	-92.63L	-92.9L	-97.73L	-93.6L
Net Property Plant And Equipment	5L	5L	7L	18.05L	17.04L
Long-term Investments	3L	3L	2L	-	-
Goodwill	-	0	0	0	0
Other Intangibles, Total	4L	4L	4L	4L	0
Loans Receivable Long-Term	7L	7L	-	15T	15T
Deferred Charges Long-Term	16.74L	25.25L	15.9L	14.31L	3L
Other Long-Term Assets, Total	3L	3L	9L	4L	4L
Total Assets	3.27Cr	3.54Cr	3.25Cr	3.16Cr	2.08Cr
Liabilities
Accounts Payable, Total	80.99L	93.12L	91.93L	96.82L	51.68L
Accrued Expenses, Total	37.31L	40.43L	59.19L	60.33L	49.15L
Short-term Borrowings	16.93L	21.51L	21.49L	16.48L	15.35L
Current Portion of Long-Term Debt	92T	7L	24.67L	18.97L	59.27L
Current Portion of Leases	13T	40T	-	5L	5L
Current Income Taxes Payable	54T	97T	16T	40T	36T
Unearned Revenue Current, Total	1.25Cr	1.25Cr	1.8Cr	1.19Cr	1.1Cr
Other Current Liabilities	75T	58T	66T	6L	8L
Total Current Liabilities	2.63Cr	2.9Cr	3.78Cr	3.23Cr	2.99Cr
Long-Term Debt	25.56L	28.79L	29.55L	30.75L	6L
Long-Term Leases	61T	1L	2L	3L	-
Pension & Other Post Retirement Benefits	2L	2L	5L	2L	1L
Other Non Current Liabilities	7L	7L	17.17L	32.38L	1.16Cr
Total Liabilities	2.98Cr	3.29Cr	4.33Cr	3.91Cr	4.23Cr
Common Stock, Total	13.28L	18.27L	4L	2L	1L
Additional Paid In Capital	16.86L	75.37L	1.27Cr	2.02Cr	2.15Cr
Retained Earnings	-18.65L	-65.72L	-2.04Cr	-95.57L	-1.68Cr
Comprehensive Income and Other	17.93L	-2L	-34.39L	-1.84Cr	-2.62Cr
Total Common Equity	29.42L	25.58L	-1.08Cr	-75.48L	-2.15Cr
Minority Interest	-	-3T	-	-	-
Total Equity	29.42L	25.55L	-1.08Cr	-75.48L	-2.15Cr
Total Liabilities And Equity	3.27Cr	3.54Cr	3.25Cr	3.16Cr	2.08Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	-	22.69T
ECS Total Common Shares Outstanding	-	-	-	-	22.69T
Book Value / Share	-	-	-	-	-946.62
Tangible Book Value	25.87L	21.16L	-1.12Cr	-79.46L	-2.15Cr
Tangible Book Value Per Share	-	-	-	-	-946.62
Total Debt	44.15L	59.12L	78.19L	74.2L	86.45L
Net Debt	31.36L	46.15L	38.01L	35.19L	52.52L
Minority Interest, Total (Incl. Fin. Div)	-	-3T	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	29.23L	37.32L	25.03L	34.59L	45.61L
Inventories - Work In Process, Total	21.69L	23.14L	11.86L	9L	9L
Inventories - Finished Goods, Total	2L	4L	3L	15T	2L
Buildings, Total	1T	1T	1T	1T	1T
Machinery, Total	70.32L	73.22L	72.76L	84.86L	82.26L
Full Time Employees	145	200	220	305	91
Assets under Capital Lease - Gross	4L	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-3L	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	90T	90T	1L	2L	92T
Order Backlog	5Cr	5Cr	-	6.6Cr	-

Fiscal Period: December	2020 (EUR)	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)
Net Income	-18.65L	-65.72L	-2.04Cr	-95.57L	-1.68Cr
Depreciation & Amortization - CF	2L	3L	56T	4L	16.22L
Amortization of Goodwill and Intangible Assets - (CF)	-	-	16T	8T	64T
Depreciation & Amortization, Total	2L	3L	72T	4L	16.86L
(Gain) Loss From Sale Of Asset	-	-1L	12.44L	-34T	-1L
Asset Writedown & Restructuring Costs	4T	3T	12T	2L	14.03L
Other Operating Activities, Total	2L	49T	13.98L	18.42L	19.53L
Change In Accounts Receivable	-15.34L	30T	57.21L	9L	35.09L
Change In Inventories	-43T	-10L	28.82L	-6L	-12.5L
Change In Accounts Payable	10.9L	11.49L	-8L	8L	3L
Change in Other Net Operating Assets	17.61L	-3L	39L	-42.4L	48.62L
Cash from Operations	-1L	-64.47L	-60.56L	-1.03Cr	-45.17L
Capital Expenditure	-2L	-2L	-3L	-7L	-29T
Sale of Property, Plant, and Equipment	11T	2L	15T	4L	24T
Cash Acquisitions	-	43T	-5L	-	-1T
Sale (Purchase) of Intangible assets	-18.56L	-10L	-3L	-2L	-73T
Investment in Marketable and Equity Securities, Total	-59T	-40T	13.37L	-2L	2L
Other Investing Activities, Total	22T	14T	-26T	-2L	2L
Cash from Investing	-21.12L	-10L	3L	-8L	3L
Short Term Debt Issued, Total	-	4L	-	9T	-
Long-Term Debt Issued, Total	26.85L	13.37L	30.78L	1.18Cr	55.92L
Total Debt Issued	26.85L	17.23L	30.78L	1.18Cr	55.92L
Short Term Debt Repaid, Total	-	-	-4L	-	-
Long-Term Debt Repaid, Total	-31T	-3L	-10.32L	-8L	-42.91L
Total Debt Repaid	-31T	-3L	-14.18L	-8L	-42.91L
Issuance of Common Stock	-	60.47L	68.22L	-	27.24L
Other Financing Activities, Total	-3L	-	1T	-1T	-
Cash from Financing	23.91L	74.22L	84.83L	1.1Cr	40.25L
Foreign Exchange Rate Adjustments	-7T	10T	-1T	5T	4T
Miscellaneous Cash Flow Adjustments	-1T	-	-	-1T	-
Net Change in Cash	2L	9T	27.27L	-1L	-2L
Supplemental Items
Levered Free Cash Flow	-17.33L	-52.81L	25.7L	-87.4L	24.61L
Unlevered Free Cash Flow	-17.16L	-50.9L	26.86L	-86.91L	26.6L
Change In Net Working Capital	-13.06L	1L	-1.2Cr	39.22L	-78.97L
Net Debt Issued / Repaid	26.54L	13.75L	16.6L	1.1Cr	13.01L

Fiscal Period: December	2020 (EUR)	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)
Profitability
Return on Assets	-3.79	-11.92	-25.88	-13.31	-26.04
Return on Total Capital	-16.52	-51.31	-318.8	276.66	105.27
Return On Equity %	-46.43	-239.11	497.46	104.33	116.09
Return on Common Equity	-46.43	-238.98	497.64	104.33	116.09
Margin Analysis
Gross Profit Margin %	73.15	65.61	64.94	45.09	9.75
SG&A Margin	50.51	67.57	44.69	38.37	87.33
EBITDA Margin %	-9.29	-45.69	-72.26	-26.98	-195.55
EBITA Margin %	-10.63	-47.64	-72.55	-28.58	-229.92
EBIT Margin %	-10.63	-47.64	-72.63	-28.61	-231.28
Income From Continuing Operations Margin %	-10.57	-48.2	-105.55	-40.1	-357
Net Income Margin %	-10.57	-48.2	-105.55	-40.1	-357
Net Avail. For Common Margin %	-10.57	-48.2	-105.55	-40.1	-357
Normalized Net Income Margin	-7.12	-31.53	-62.03	-22.89	-169.28
Levered Free Cash Flow Margin	-9.82	-38.73	13.27	-36.67	52.15
Unlevered Free Cash Flow Margin	-9.72	-37.33	13.87	-36.47	56.36
Asset Turnover
Asset Turnover	0.57	0.4	0.57	0.74	0.18
Fixed Assets Turnover	34.27	26.02	30.71	18.82	2.69
Receivables Turnover (Average Receivables)	0.97	0.74	1.3	2.04	0.51
Inventory Turnover (Average Inventory)	1.05	0.92	1.62	4.29	1.07
Short Term Liquidity
Current Ratio	1.1	1.06	0.76	0.85	0.62
Quick Ratio	0.87	0.81	0.58	0.55	0.43
Operating Cash Flow to Current Liabilities	-0	-0.22	-0.16	-0.32	-0.15
Days Sales Outstanding (Average Receivables)	376.75	492.67	280.33	179.02	716.44
Days Outstanding Inventory (Average Inventory)	348.04	396.25	225.68	85.1	342.67
Average Days Payable Outstanding	579.09	546.34	871.75	251.29	304.59
Cash Conversion Cycle (Average Days)	145.71	342.58	-365.75	12.83	754.52
Long Term Solvency
Total Debt/Equity	150.07	231.39	-72.59	-98.3	-40.25
Total Debt / Total Capital	60.01	69.82	-264.78	-5.8T	-67.38
LT Debt/Equity	88.95	116.83	-29.73	-45.26	-3.02
Long-Term Debt / Total Capital	35.57	35.25	-108.47	-2.67T	-5.05
Total Liabilities / Total Assets	91	92.79	133.15	123.91	203.18
EBIT / Interest Expense	-67	-21.23	-76.02	-86.32	-34.32
EBITDA / Interest Expense	-58.54	-20.36	-75.63	-81.38	-29.02
(EBITDA - Capex) / Interest Expense	-66.75	-21.09	-77.15	-90.67	-29.11
Total Debt / EBITDA	-2.69	-0.95	-0.56	-1.15	-0.94
Net Debt / EBITDA	-1.91	-0.74	-0.27	-0.55	-0.57
Total Debt / (EBITDA - Capex)	-2.36	-0.92	-0.55	-1.04	-0.93
Net Debt / (EBITDA - Capex)	-1.68	-0.71	-0.27	-0.49	-0.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	50.14	-22.74	42.01	23.08	-80.2
Gross Profit, 1 Yr. Growth %	26.72	-30.32	40.57	-14.54	-95.72
EBITDA, 1 Yr. Growth %	-777.27	358.09	137.34	-54.05	43.54
EBITA, 1 Yr. Growth %	325.4	254.39	128	-51.57	59.11
EBIT, 1 Yr. Growth %	325.4	254.39	128.26	-51.51	60.05
Earnings From Cont. Operations, 1 Yr. Growth %	-1.38T	252.39	210.99	-53.24	76.28
Net Income, 1 Yr. Growth %	-1.38T	252.39	210.99	-53.24	76.28
Normalized Net Income, 1 Yr. Growth %	482.9	249.54	193.67	-54.58	46.44
Accounts Receivable, 1 Yr. Growth %	9.63	1.31	-29.78	-11.08	-30.91
Inventory, 1 Yr. Growth %	0.96	24.9	-51.54	22.7	37.21
Net Property, Plant and Equip., 1 Yr. Growth %	-0.39	3.89	36.14	148.28	-5.6
Total Assets, 1 Yr. Growth %	12.18	8.36	-8.32	-2.83	-34.07
Tangible Book Value, 1 Yr. Growth %	-48.15	-18.21	-627.69	-28.84	170.27
Common Equity, 1 Yr. Growth %	-42.22	-13.05	-521.11	-29.93	184.53
Cash From Operations, 1 Yr. Growth %	-95.79	5.71T	-6.06	66.89	-56.01
Capital Expenditures, 1 Yr. Growth %	-5.74	-2.17	24.89	161.21	-96.05
Levered Free Cash Flow, 1 Yr. Growth %	-26.26	259.24	-150.67	-449.89	-116.62
Unlevered Free Cash Flow, 1 Yr. Growth %	-26.86	250.4	-155.03	-432.52	-118.02
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.11	7.7	4.74	32.21	-50.63
Gross Profit, 2 Yr. CAGR %	2.58	-6.3	-1.03	9.6	-80.87
EBITDA, 2 Yr. CAGR %	123.54	407.38	220.74	4.43	-18.79
EBITA, 2 Yr. CAGR %	378.31	283.8	176.83	5.14	-12.16
EBIT, 2 Yr. CAGR %	378.31	283.8	176.99	5.2	-11.9
Earnings From Cont. Operations, 2 Yr. CAGR %	77.49	570.92	231.04	20.59	-9.21
Net Income, 2 Yr. CAGR %	77.49	570.92	231.04	20.59	-9.21
Normalized Net Income, 2 Yr. CAGR %	60.77	346.53	212.49	15.49	-18.45
Accounts Receivable, 2 Yr. CAGR %	24.02	5.39	-15.65	-20.98	-21.62
Inventory, 2 Yr. CAGR %	34.7	12.29	-22.2	-22.89	29.75
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.71	1.73	18.93	83.85	53.1
Total Assets, 2 Yr. CAGR %	17.62	10.25	-0.32	-5.61	-19.96
Tangible Book Value, 2 Yr. CAGR %	-5.11	-34.87	107.75	93.78	38.68
Common Equity, 2 Yr. CAGR %	0.27	-29.12	91.35	71.78	41.2
Cash From Operations, 2 Yr. CAGR %	-80.2	56.42	638.64	26.21	-14.32
Capital Expenditures, 2 Yr. CAGR %	-11.1	-3.97	10.53	80.62	-67.87
Levered Free Cash Flow, 2 Yr. CAGR %	-6.51	49.91	32.22	31.27	-0.74
Unlevered Free Cash Flow, 2 Yr. CAGR %	-5	47.31	35.97	33.44	0.88
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.82	-10.78	18.1	10.53	-29.79
Gross Profit, 3 Yr. CAGR %	11.88	-10	7.27	-5.76	-62.81
EBITDA, 3 Yr. CAGR %	-20.33	166.81	286.67	67.83	16.11
EBITA, 3 Yr. CAGR %	-21.07	329.48	216.99	54.89	20.76
EBIT, 3 Yr. CAGR %	-21.07	329.48	217.11	54.95	21
Earnings From Cont. Operations, 3 Yr. CAGR %	-25.86	123.08	419.23	72.4	36.86
Net Income, 3 Yr. CAGR %	-25.86	123.08	419.23	72.4	36.86
Normalized Net Income, 3 Yr. CAGR %	-20.35	106.78	281.91	64.3	25
Accounts Receivable, 3 Yr. CAGR %	17.7	15.94	-7.95	-14.16	-24.44
Inventory, 3 Yr. CAGR %	8.65	31.35	-15.14	-9.44	-6.56
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.83	0.13	12.11	52	47.22
Total Assets, 3 Yr. CAGR %	18.09	14.45	3.68	-1.17	-16.25
Tangible Book Value, 3 Yr. CAGR %	-32.61	-9.69	30.81	45.36	116.51
Common Equity, 3 Yr. CAGR %	-29.49	-4.38	28.37	36.9	103.24
Cash From Operations, 3 Yr. CAGR %	-51.55	31.56	31.97	352.27	-11.18
Capital Expenditures, 3 Yr. CAGR %	42.79	-8.22	4.82	47.23	-49.49
Levered Free Cash Flow, 3 Yr. CAGR %	-0.57	38.62	3.03	81.16	-21.42
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.92	38.87	4.62	81.54	-18.32
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-10.1	-9.79	0.14	4.42	-16.68
Gross Profit, 5 Yr. CAGR %	-1.05	-4.06	6.41	-2.62	-46.18
EBITDA, 5 Yr. CAGR %	27.31	16.13	33.98	81.32	107.14
EBITA, 5 Yr. CAGR %	145.59	13.95	29.78	142.04	89.76
EBIT, 5 Yr. CAGR %	145.59	13.95	29.81	142.09	89.98
Earnings From Cont. Operations, 5 Yr. CAGR %	16.58	5.93	34.89	74.42	158.48
Net Income, 5 Yr. CAGR %	16.58	5.93	34.89	74.42	158.48
Normalized Net Income, 5 Yr. CAGR %	33.07	10	37.01	62.18	105.94
Accounts Receivable, 5 Yr. CAGR %	3.2	6.73	3.01	-0.54	-13.68
Inventory, 5 Yr. CAGR %	-6	6.04	-4.94	6.15	0.57
Net Property, Plant and Equip., 5 Yr. CAGR %	-11.28	-6.09	6.65	27.68	26.99
Total Assets, 5 Yr. CAGR %	2.96	8.3	10.34	5.96	-6.52
Tangible Book Value, 5 Yr. CAGR %	44.4	-15.46	5.73	22.56	33.9
Common Equity, 5 Yr. CAGR %	55.75	-11.94	5.12	20.87	33.36
Cash From Operations, 5 Yr. CAGR %	-50.79	133.44	44.06	29.4	11.38
Capital Expenditures, 5 Yr. CAGR %	-12.17	14.37	28.89	20.33	-34.69
Levered Free Cash Flow, 5 Yr. CAGR %	-17.52	66.81	7.83	34.54	0.93
Unlevered Free Cash Flow, 5 Yr. CAGR %	-16.88	50.29	6.12	35.53	2.55