Investor Presentaiton
Profit and Loss Account
€ million
Turnover
H1 2023
947.6
H1 2022
899.7
A in %
4
+ 5.3%
Raw materials and
- 482.4
- 477.0
subcontracted work
Added value
465.2
49.1%
422.7
47.0%
+ 10.1%
5
Operating expenses
345.4
36.5%
307.1
34.1%
+ 12.5%
EBITA ¹)
119.8
12.6%
115.6
12.8%
+ 3.6%
One-off income
1.1
9.3
Amortization
-26.9
-27.1
Impairments
-0.6
-0.0
Operating result
93.3
97.8
4
Result associates
36.2
2.1
5
Other financial result
- 9.5
- 5.7
Result before taxes
120.0
94.2
6
Taxes
21.5
24.2
Net profit
98.4
10.4%
70.0
7.8%
+ 40.6%
Adjusted net profit
2)
67.7
7.1%
70.5
7.8%
- 4.0%
1) before one-off income and expenses
37 2) before amortization of PPAs and one-off income and expenses attributable to shareholders
Divestment of the remaining stake in CCG resulted in a
profit of € 36.2 million in Q1 2023
Increase net interest expenses with € 5.5 million due to
higher interest rates and outstanding debt
Offset by lower foreign exchange losses
Normalized effective tax rate decreased to 25.7% (H1
2022: 26.3 %)
Relatively higher profits at companies benefitting from
R&D tax facilities
TH
SMART TECHNOLOGIES <View entire presentation