Investor Presentaiton
9
SUMMARY INCOME STATEMENT ($ MLN)
CONSOLIDATED ($ mln)
9M23
9M22
Change (%) 3Q23
3Q22
Change (%)
2Q23
Revenue
1,164
934
24.6%
379
359
Gross Profit
280.5
103.3
171.5%
59.5
39.1
5.8%
52.4%
391
108
Gross Profit Margin (%)
24.1%
11.1%
13.0 p.p.
15.7%
10.9%
4.8 p.p.
27.6%
Operational Expenses
(69)
(43)
58.8%
(23)
(15)
45.9%
(27)
OPEX Margin (%)
(5.9%)
(4.6%)
1.3 p.p.
(6.0%)
(4.3%)
1.7 p.p.
(7.0%)
Other
26
27
(3.8%)
7
8
(14.6%)
9
EBIT
238
88
172.0%
44
32
38.2%
EBIT Margin (%)
20.5%
9.4%
11.1 p.p.
11.6%
8.9%
2.7 p.p.
90
22.9%
Financial Expenses
(39)
(41)
Profit Before Tax
200
47
(5.2%)
326.9%
(15)
(18)
29
14
(16.6%)
112.1%
(10)
79
PBT Margin (%)
17.1%
5.0%
12.1 p.p.
7.6%
3.8%
3.8 p.p.
20.2%
Net Income
149
35
327.7%
21
9
131.8%
57
Net Income Margin (%)
12.8%
3.7%
9.1 p.p.
5.5%
2.5%
3.0 p.p.
14.6%
Amortisation
38
26
45.2%
18
8
123.7%
11
EBITDA*
276
114
142.8%
62
40
55.5%
100
EBITDA Margin (%)
23.7%
12.2%
11.5 p.p.
16.4%
11.1%
5.3 p.p.
25.7%
BORUSAN
* EBITDA is calculated including Net Operating Income, Income from Investment Activities and excluding Extraordinary Income (Expense).
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