Key financials
The tables below present Canatu’s key financials for 2023-2024 as well as calculation formulas.
As at and for the financial year ended 31 December (unaudited pro forma, unless otherwise stated).
| EUR million | 1-12/2024 | 1-12/2023 | Change % |
|---|---|---|---|
| Revenue | 22.0 | 13.6 | 62.1% |
| Gross profit | 13.8 | 9.6 | 43.1% |
| as percentage of revenue, % | 62.5% | 70.9% | |
| EBITDA | -3.6 | -0.4 | -698.8% |
| as percentage of revenue, % | -16.1% | -3.3% | |
| Operating profit/loss (EBIT) | -5.3 | -1.8 | -189.7% |
| as percentage of revenue, % | -24.1% | -13.5% | |
| Adjusted EBIT* | -4.8 | -1.4 | -254.7% |
| as percentage of revenue, % | -21.9% | -10.0% | |
| Profit (loss) for the financial period | -1.7 | -1.6 | -4.9% |
| Cash flow from operating activities | -2.1 | -3.6 | 42.2% |
| Capital expenditure | 5.0 | 4.7 | 7.4% |
| Average number of employees during the period | 123 | 93 | 32.3% |
| Earnings per share (EUR), basic and diluted | -0.05 | -0.05 | -4.9% |
Calculation of key figures
| Key figure | Definition | Reason for use |
|---|---|---|
| Gross profit | Revenue less costs of goods sold. Cost of goods sold is calculated as a sum of materials and external services total, change in inventory of finished and work-in-progress products and related variable staff expenses. | Shows Canatu’s profitability from operations. |
| Gross profit, % | Gross profit as a percentage of revenue. | Indication of Canatu’s gross earnings capacity, over time. |
| EBITDA | Operating profit (loss) before depreciation, amortization and impairment. | The measure is used since it shows the profitability before financing items, taxes, depreciation, amortization and impairments and is used to analyze Canatu’s operating activities. |
| EBITDA, % | Operating profit (loss) before depreciation, amortization and impairment in relation to revenue. | EBITDA margin is an indication of the profitability of operations in relation to revenue, over time. |
| Adjusted EBIT | Operating profit (loss) adjusted for special items relating to goodwill amortization. | The measure reflects the profitability of Canatu’s business excluding the impact of amortization of goodwill. |
| Adjusted EBIT % | Adjusted EBIT as percentage of revenue. | Reflects the ratio of operating profit to revenue, excluding the impact of amortization of goodwill. |
| Equity ratio % | Total equity divided by total assets less received prepayments. | Used to measure solvency and describe the share of Canatu’s assets finances by equity. |
| Return on equity (ROE), % | Rolling 12 months profit (loss) for the financial year divided by average equity for 12 months. | Measures the result for the period in relation to equity. |
| Net debt | Interest-bearing debt (loans from financial institutions) less cash and cash equivalents. | Measure reflects Canatu’s indebtedness. |
| Earnings per share (EUR), basic | Profit (loss) for the financial period divided by weighted average number of shares outstanding and entitling to a dividend during the period. | Measure reflects the distribution of Canatu’s earnings for each individual share. |
| Earnings per share (EUR), diluted | Profit (loss) for the financial period divided by weighted average number of shares outstanding and entitling to a dividend during the period including the weighted average number of shares that would be issued on conversion of all the dilutive potential shares into shares. | Measure reflects the distribution of Canatu’s earnings for each individual share taking into consideration the impact of any potential commitments Canatu has to issue shares in future. |