Filings/BFG/ANNUAL

B.F. S.P.A. ANNUALANNUAL

Period 2024-12-31 · filed 2025-05-10

Source document

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KPIsSections4

Revenue€1.41B

Gross margin106.5%

Net income€10.4M

Net margin0.7%

Operating margin3.3%

Red flags1 red

Liquidity1

RED

Negative operating cash flowoperating_cf_burn

The company is burning cash from operations — sustainability depends on financing.

Income Statement

Revenue€1.41B

Gross Margin106.5%

Operating Margin3.3%

Net Margin0.7%

Gross Profit€1.50B

Operating Income€46.6M

Net Income€10.4M

EBITDA€92.5M

Income Tax Expense€6.0M

Pre-tax Income€19.3M

Interest Expense€38.0M

Other Operating Expense/(Income)€38.6M

Interest and Investment Income€10.8M

Income/(Loss) from Affiliates-€364,000

Other Non Operating Income (Expenses)€90.5M

Balance Sheet

Total Assets€2.34B

Current Assets€1.08B

Current Liabilities€906.8M

Total Liabilities€1.30B

Total Equity€793.7M

Noncontrolling Interest€243.4M

Cash & Equivalents€267.8M

Long-term Debt€167.9M

Short-term Debt€227.3M

Trade Receivables€365.2M

Inventory€282.0M

Other Current Assets€118.5M

Gross Property, Plant & Equipment€608.3M

Goodwill€100.1M

Other Intangibles€166.3M

Common Stock€261.9M

Comprehensive Income and Other€505.3M

Cash Flow

Operating Cash Flow-€21.1M

Investing Cash Flow-€183.7M

Depreciation & Amortization€45.9M

Free Cash Flow-€204.8M

Financing Cash Flow€126.1M

Net Income (starting point for CFO)€44.4M

Asset Writedown & Restructuring Costs-€1.7M

Change in Accounts Receivable-€25.0M

Change in Inventories€26.8M

Change in Accounts Payable€8.1M

Short Term Debt Issued€37.3M

Long Term Debt Issued€125.0M

Short Term Debt Repaid€0

Long Term Debt Repaid€75.8M

Issuance of Common Stock€0

Common Dividends Paid€15.8M

Net Change in Cash-€78.7M

Cash Interest Paid€35.1M