See more : Rasa Industries, Ltd. (4022.T) Income Statement Analysis – Financial Results
Complete financial analysis of ECIT AS (ECIT.OL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of ECIT AS, a leading company in the Information Technology Services industry within the Technology sector.
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ECIT AS (ECIT.OL)
About ECIT AS
ECIT AS provides IT, finance and accounting, and technology solutions in Norway and internationally. The company offers finance and accounting services, including accounting, payroll, and HR, as well as process management, reporting/controlling, annual reports/tax, advisory, and debt collection; IT services and support, such as managed services, hosting and hybrid cloud, IT consulting, and digitalization. It also provides technology solutions comprising ERP and accounting, payroll, workflow, office support, automation, and robotics/artificial intelligence. ECIT AS was founded in 2013 and is based in Fornebu, Norway.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 3.44B | 2.83B | 2.38B | 1.83B | 1.35B | 1.07B |
| Cost of Revenue | 624.00M | 529.00M | 506.00M | 393.55M | 268.29M | 172.31M |
| Gross Profit | 2.81B | 2.30B | 1.88B | 1.44B | 1.08B | 894.59M |
| Gross Profit Ratio | 81.85% | 81.28% | 78.77% | 78.48% | 80.07% | 83.85% |
| Research & Development | 34.00M | 25.00M | 21.00M | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 35.35M | 27.44M | 24.71M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 17.23M | 12.39M | 9.45M |
| SG&A | 2.53B | 203.00M | 154.00M | 52.58M | 39.82M | 34.16M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 2.57B | 2.07B | 1.69B | 1.31B | 1.00B | 832.16M |
| Cost & Expenses | 3.19B | 2.60B | 2.20B | 1.70B | 1.27B | 1.00B |
| Interest Income | 11.00M | 10.00M | 4.00M | 3.16M | 3.78M | 2.45M |
| Interest Expense | 42.00M | 29.00M | 18.00M | 11.87M | 9.47M | 2.59M |
| Depreciation & Amortization | 230.00M | 163.00M | 145.00M | 134.72M | 104.20M | 37.93M |
| EBITDA | 468.00M | 419.00M | 240.00M | 319.86M | 116.69M | 93.49M |
| EBITDA Ratio | 13.61% | 15.50% | 14.39% | 14.74% | 13.65% | 9.63% |
| Operating Income | 247.00M | 247.00M | 177.00M | 120.45M | 63.16M | 55.57M |
| Operating Income Ratio | 7.18% | 8.74% | 7.43% | 6.59% | 4.69% | 5.21% |
| Total Other Income/Expenses | -20.00M | -18.00M | -23.00M | 43.63M | -4.48M | 12.09M |
| Income Before Tax | 227.00M | 229.00M | 150.00M | 164.08M | 58.68M | 67.66M |
| Income Before Tax Ratio | 6.60% | 8.10% | 6.29% | 8.97% | 4.36% | 6.34% |
| Income Tax Expense | 53.00M | 52.00M | 35.00M | 42.85M | 17.29M | 14.88M |
| Net Income | 110.00M | 105.00M | 49.00M | 121.23M | 41.39M | 52.78M |
| Net Income Ratio | 3.20% | 3.72% | 2.06% | 6.63% | 3.08% | 4.95% |
| EPS | 0.24 | 0.24 | 0.12 | 0.27 | 0.09 | 0.16 |
| EPS Diluted | 0.24 | 0.24 | 0.12 | 0.27 | 0.09 | 0.16 |
| Weighted Avg Shares Out | 458.33M | 446.80M | 412.27M | 442.36M | 442.36M | 336.08M |
| Weighted Avg Shares Out (Dil) | 457.89M | 446.80M | 412.27M | 442.36M | 442.36M | 336.08M |
Source: https://incomestatements.info
Category: Stock Reports