Cash flow Aeffe S.p.A.

Equities

AEF

IT0001384590

Apparel & Accessories

Market Closed - Borsa Italiana Other stock markets 16:45:00 17/04/2026 BST			5-day change	1st Jan Change
0.2160 ^EUR	-1.82%		-3.57%	-35.91%

04-02	Trump speech pushes stock markets lower	AN
04-01	Aeffe shareholders meeting acknowledges EUR 8.7 mln net equity, down over one third vs share capital	RE

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Published financial data: AEFFE S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	269M	325M	352M	319M	251M
Other Revenues, Total	10.49M	8.52M	11.57M	10.74M	21.18M
Total Revenues	280M	333M	364M	329M	272M
Cost of Goods Sold, Total	263M	213M	300M	298M	255M
Gross Profit	16.23M	120M	63.76M	31.27M	16.73M
Selling General & Admin Expenses, Total	6.08M	81.1M	21.72M	19.32M	15.54M
Depreciation & Amortization - (IS)	-	25.02M	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	27.57M	-	31.69M	30.88M	31.25M
Other Operating Expenses	2.97M	2.25M	2.16M	2.62M	2.16M
Other Operating Expenses, Total	36.62M	108M	55.57M	52.82M	48.94M
Operating Income	-20.39M	11.77M	8.19M	-21.55M	-32.21M
Interest Expense, Total	-2.71M	-2.52M	-4.25M	-9.74M	-11.24M
Interest And Investment Income	256K	141K	269K	54K	46K
Net Interest Expenses	-2.45M	-2.38M	-3.98M	-9.69M	-11.2M
Currency Exchange Gains (Loss)	-2.19M	-1.19M	-4.28M	-3.11M	-779K
Other Non Operating Income (Expenses)	-453K	-639K	-610K	-1.16M	-949K
EBT, Excl. Unusual Items	-25.48M	7.56M	-684K	-35.51M	-45.14M
Gain (Loss) On Sale Of Assets	-	-	-	-	87.25M
Asset Writedown	-1.49M	-1.16M	-2.65M	-2.02M	-4.98M
Other Unusual Items	-619K	-87K	-465K	-375K	-155K
EBT, Incl. Unusual Items	-27.59M	6.32M	-3.8M	-37.9M	36.98M
Income Tax Expense	-4.23M	-5.81M	5.26M	-5.91M	17.52M
Earnings From Continuing Operations	-23.36M	12.13M	-9.06M	-31.99M	19.46M
Net Income to Company	-23.36M	12.13M	-9.06M	-31.99M	19.46M
Minority Interest	1.96M	-	12.05K	-154K	-135K
Net Income - (IS)	-21.4M	12.13M	-9.04M	-32.14M	19.33M
Net Income to Common Incl Extra Items	-21.4M	12.13M	-9.04M	-32.14M	19.33M
Net Income to Common Excl. Extra Items	-21.4M	12.13M	-9.04M	-32.14M	19.33M
Per Share Items
Net EPS - Basic	-0.21	0.12	-0.09	-0.33	0.2
Basic EPS - Continuing Operations	-0.21	0.12	-0.09	-0.33	0.2
Basic Weighted Average Shares Outstanding	100M	99.67M	98.42M	98.42M	98.42M
Net EPS - Diluted	-0.21	0.12	-0.09	-0.33	0.2
Diluted EPS - Continuing Operations	-0.21	0.12	-0.09	-0.33	0.2
Diluted Weighted Average Shares Outstanding	100M	99.67M	98.42M	98.42M	98.42M
Normalized Basic EPS	-0.14	0.05	-0	-0.23	-0.29
Normalized Diluted EPS	-0.14	0.05	-0	-0.23	-0.29
Supplemental Items
EBITDA	-10.81M	20.6M	17.39M	-11.76M	4.01M
EBITA	-15.91M	15.78M	12.4M	-17.26M	-28.01M
EBIT	-20.39M	11.77M	8.19M	-21.55M	-32.21M
EBITDAR	-4.73M	24.91M	21.97M	-6.33M	9.1M
Total Revenues (As Reported)	280M	333M	364M	329M	359M
Effective Tax Rate - (Ratio)	15.34	-91.91	-138.58	15.59	47.37
Total Current Taxes	3.62M	8.07M	5.44M	3.06M	4.22M
Total Deferred Taxes	-7.61M	-14.14M	-230K	-8.93M	13.34M
Normalized Net Income	-13.96M	4.73M	-415K	-22.35M	-28.34M
Interest on Long-Term Debt	2.2M	1.98M	2.21M	2.42M	2.42M
Non-Cash Pension Expense	44K	350K	1.1M	609K	505K
Supplemental Operating Expense Items
Advertising Expense	-	13.65M	17.14M	13.89M	10.45M
Selling and Marketing Expenses	-	13.65M	17.14M	13.89M	10.45M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	6.08M	4.31M	4.59M	5.43M	5.09M
Imputed Operating Lease Interest Expense	752K	450K	683K	1.62M	2.07M
Imputed Operating Lease Depreciation	5.33M	3.86M	3.9M	3.8M	3.01M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	39.83M	31.31M	21.66M	14.63M	20.82M
Total Cash And Short Term Investments	39.83M	31.31M	21.66M	14.63M	20.82M
Accounts Receivable, Total	39.09M	50.03M	62.85M	56.12M	40.68M
Other Receivables	39.38M	41.72M	45.96M	37.74M	34.67M
Total Receivables	78.48M	91.76M	109M	93.87M	75.35M
Inventory	109M	91.41M	117M	112M	89.23M
Other Current Assets, Total	304K	342K	150K	686K	5.12M
Total Current Assets	228M	215M	247M	221M	191M
Net Property Plant And Equipment	162M	145M	172M	163M	135M
Long-term Investments	132K	30.07K	39.2K	41.2K	41.2K
Goodwill	-	-	-	-	-
Other Intangibles, Total	72.49M	68.87M	66.02M	62.91M	49.12M
Deferred Tax Assets Long-Term	21.29M	15.16M	13.89M	16.99M	18.9M
Other Long-Term Assets, Total	4.65M	1.57M	200K	93.93K	106K
Total Assets	489M	445M	499M	464M	394M
Liabilities
Accounts Payable, Total	69.33M	78.69M	91.55M	81.29M	64.97M
Accrued Expenses, Total	11.27M	13.06M	14.48M	10.89M	12.34M
Short-term Borrowings	43.51M	27.4M	59M	68.76M	11.18M
Current Portion of Long-Term Debt	17.42M	9.19M	19.13M	19.76M	22.21M
Current Portion of Leases	12.97M	13.32M	16.07M	17.79M	17.18M
Current Income Taxes Payable	200K	341K	71K	294K	9K
Unearned Revenue Current, Total	2.47M	2.72M	-	-	-
Other Current Liabilities	6.83M	5.93M	6.55M	6M	5.92M
Total Current Liabilities	164M	151M	207M	205M	134M
Long-Term Debt	34.35M	90.7M	70.44M	78.61M	55.16M
Long-Term Leases	75.23M	62.35M	88.83M	83.19M	67.48M
Pension & Other Post Retirement Benefits	5.27M	5.03M	4.96M	5.08M	4.82M
Deferred Tax Liability Non Current	28.02M	13.95M	15.8M	11.53M	27.6M
Other Non Current Liabilities	2.95M	2.32M	2.6M	1.7M	6.6M
Total Liabilities	310M	325M	389M	385M	295M
Common Stock, Total	25.04M	24.92M	24.61M	24.61M	24.61M
Additional Paid In Capital	70.14M	69.33M	67.6M	62.26M	10.68M
Retained Earnings	-8.12M	-15.19M	-24.25M	-35.12M	35.72M
Comprehensive Income and Other	61.17M	41.1M	41.86M	27.34M	26.78M
Total Common Equity	148M	120M	110M	79.1M	97.79M
Minority Interest	30.52M	-	-9.05K	145K	352K
Total Equity	179M	120M	110M	79.24M	98.15M
Total Liabilities And Equity	489M	445M	499M	464M	394M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	100M	99.67M	98.42M	98.42M	98.42M
ECS Total Common Shares Outstanding	100M	99.67M	98.42M	98.42M	98.42M
Book Value / Share	1.48	1.21	1.12	0.8	0.99
Tangible Book Value	75.74M	51.29M	43.79M	16.18M	48.68M
Tangible Book Value Per Share	0.76	0.51	0.44	0.16	0.49
Total Debt	183M	203M	253M	268M	173M
Net Debt	144M	172M	232M	253M	152M
Debt Equivalent Oper. Leases	48.62M	34.51M	36.69M	43.41M	40.71M
Minority Interest, Total (Incl. Fin. Div)	30.52M	-	-9.05K	145K	352K
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	10.21M	9.31M	10.96M	8.87M	7.48M
Inventories - Work In Process, Total	5.56M	6.67M	7.17M	5.37M	4.67M
Inventories - Finished Goods, Total	93.5M	75.39M	98.57M	98.01M	77.08M
Inventories - Others	18K	37K	16K	-	-
Full Time Employees	1.06K	1.06K	1.39K	1.34K	1.11K
Part Time Employees	172	159	-	-	208
Accumulated Allowance for Doubtful Accounts (Supple)	4.03M	3.73M	3.37M	3.29M	2.73M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-21.4M	12.13M	-9.04M	-32.14M	19.33M
Depreciation & Amortization - CF	21.99M	21M	27.47M	26.6M	-61.36M
Amortization of Goodwill and Intangible Assets - (CF)	4.47M	4.02M	4.22M	4.28M	4.2M
Depreciation & Amortization, Total	26.47M	25.02M	31.69M	30.88M	-57.16M
(Gain) Loss on Sale of Investments - (CF)	1.1M	-	-	-	-
Asset Writedown & Restructuring Costs	1.49M	1.16M	2.65M	2.02M	4.98M
Other Operating Activities, Total	-6.36M	-4.61M	7.75M	983K	32.85M
Change in Other Net Operating Assets	8.96M	14.96M	-34.58M	4.68M	18.83M
Cash from Operations	10.27M	48.65M	-1.54M	6.43M	18.84M
Capital Expenditure	-4.5M	-1.93M	-7.46M	-4.69M	-2.21M
Sale (Purchase) of Intangible assets	-880K	-396K	-1.37M	-1.17M	98M
Investment in Marketable and Equity Securities, Total	-	102K	-9K	-2K	-
Other Investing Activities, Total	-6.65M	-1.68M	-47.74M	-12.96M	-6.01M
Cash from Investing	-12.03M	-3.9M	-56.59M	-18.83M	89.78M
Long-Term Debt Issued, Total	24.13M	32M	50.52M	18.54M	-
Total Debt Issued	24.13M	32M	50.52M	18.54M	-
Long-Term Debt Repaid, Total	-7.6M	-12.54M	-	-3.93M	-90.34M
Total Debt Repaid	-7.6M	-12.54M	-	-3.93M	-90.34M
Other Financing Activities, Total	-3.33M	-72.75M	-2.04M	-9.25M	-12.09M
Cash from Financing	13.2M	-53.28M	48.48M	5.37M	-102M
Net Change in Cash	11.44M	-8.52M	-9.65M	-7.03M	6.19M
Supplemental Items
Cash Interest Paid	2.71M	2.52M	4.25M	9.74M	11.24M
Cash Income Tax Paid (Refund)	2.59M	1.45M	2.2M	2.61M	1.2M
Levered Free Cash Flow	17.43M	43.68M	-4.94M	10.15M	33.33M
Unlevered Free Cash Flow	19.12M	45.25M	-2.28M	16.24M	40.36M
Change In Net Working Capital	-10.78M	-15.2M	30.25M	-4.69M	-21.86M
Net Debt Issued / Repaid	16.53M	19.47M	50.52M	14.62M	-90.34M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-2.57	1.58	1.08	-2.8	-4.69
Return on Total Capital	-3.47	2.15	1.49	-3.79	-6.51
Return On Equity %	-12.2	8.11	-7.88	-33.84	21.94
Return on Common Equity	-13.39	9.04	-7.87	-34.03	21.85
Margin Analysis
Gross Profit Margin %	5.81	36.07	17.54	9.49	6.15
SG&A Margin	2.17	24.35	5.97	5.86	5.71
EBITDA Margin %	-3.87	6.18	4.78	-3.57	1.48
EBITA Margin %	-5.69	4.74	3.41	-5.24	-10.3
EBIT Margin %	-7.29	3.53	2.25	-6.54	-11.84
Income From Continuing Operations Margin %	-8.35	3.64	-2.49	-9.71	7.16
Net Income Margin %	-7.65	3.64	-2.49	-9.76	7.11
Net Avail. For Common Margin %	-7.65	3.64	-2.49	-9.76	7.11
Normalized Net Income Margin	-4.99	1.42	-0.11	-6.78	-10.42
Levered Free Cash Flow Margin	6.23	13.11	-1.36	3.08	12.26
Unlevered Free Cash Flow Margin	6.84	13.58	-0.63	4.93	14.84
Asset Turnover
Asset Turnover	0.56	0.71	0.77	0.68	0.63
Fixed Assets Turnover	1.67	2.17	2.3	1.97	1.83
Receivables Turnover (Average Receivables)	6.68	7.28	6.24	5.36	5.18
Inventory Turnover (Average Inventory)	2.38	2.12	2.88	2.6	2.53
Short Term Liquidity
Current Ratio	1.39	1.43	1.2	1.08	1.42
Quick Ratio	0.72	0.82	0.63	0.53	0.72
Operating Cash Flow to Current Liabilities	0.06	0.32	-0.01	0.03	0.14
Days Sales Outstanding (Average Receivables)	54.82	50.11	58.53	68.14	70.63
Days Outstanding Inventory (Average Inventory)	153.79	171.97	126.68	140.18	144.45
Average Days Payable Outstanding	100.86	138.46	97.09	107.43	115.26
Cash Conversion Cycle (Average Days)	107.76	83.62	88.12	100.89	99.83
Long Term Solvency
Total Debt/Equity	102.65	168.91	230.85	338.34	176.49
Total Debt / Total Capital	50.65	62.81	69.77	77.19	63.83
LT Debt/Equity	61.3	127.37	145.05	204.18	124.96
Long-Term Debt / Total Capital	30.25	47.37	43.84	46.58	45.2
Total Liabilities / Total Assets	63.41	73.01	78.01	82.93	75.07
EBIT / Interest Expense	-7.53	4.67	1.93	-2.21	-2.87
EBITDA / Interest Expense	2.25	14.6	9.39	0.96	2.3
(EBITDA - Capex) / Interest Expense	0.58	13.84	7.63	0.48	2.1
Total Debt / EBITDA	30.17	5.52	6.36	28.71	6.71
Net Debt / EBITDA	23.62	4.67	5.81	27.15	5.9
Total Debt / (EBITDA - Capex)	116.23	5.82	7.82	57.73	7.34
Net Debt / (EBITDA - Capex)	91	4.92	7.15	54.58	6.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-22.65	19.14	9.14	-9.41	-17.42
Gross Profit, 1 Yr. Growth %	-74.73	31.9	10.36	-50.95	-46.5
EBITDA, 1 Yr. Growth %	-129.03	-312.2	-15.59	-167.62	-134.15
EBITA, 1 Yr. Growth %	-149.87	-206.57	-21.42	-239.18	62.25
EBIT, 1 Yr. Growth %	-174.83	-161.01	-30.43	-363.22	49.49
Earnings From Cont. Operations, 1 Yr. Growth %	-294.57	-151.92	-174.68	253.25	-160.84
Net Income, 1 Yr. Growth %	-282.99	-156.67	-174.58	255.42	-160.13
Normalized Net Income, 1 Yr. Growth %	-198.37	-135.59	-108.79	5.28K	26.85
Diluted EPS Before Extra, 1 Yr. Growth %	-285.12	-156.85	-175.62	255.43	-159.94
Accounts Receivable, 1 Yr. Growth %	-5.85	27.98	25.62	-10.71	-27.52
Inventory, 1 Yr. Growth %	-2.47	-16.36	27.68	-3.82	-20.5
Net Property, Plant and Equip., 1 Yr. Growth %	-6.57	-10.73	18.71	-5.33	-17.04
Total Assets, 1 Yr. Growth %	-3.17	-8.89	12.16	-7.04	-15.19
Tangible Book Value, 1 Yr. Growth %	-20.52	-32.28	-14.62	-63.04	200.77
Common Equity, 1 Yr. Growth %	-13.51	-18.94	-8.61	-27.97	23.64
Cash From Operations, 1 Yr. Growth %	-46.64	373.89	-103.17	-517	193.11
Capital Expenditures, 1 Yr. Growth %	-42.6	-57.22	287.39	-37.13	-52.91
Levered Free Cash Flow, 1 Yr. Growth %	56.86	141.11	-111.3	-305.62	228.38
Unlevered Free Cash Flow, 1 Yr. Growth %	47.79	128.45	-105.04	-811.55	148.52
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-10.88	-4	14.03	-0.56	-13.51
Gross Profit, 2 Yr. CAGR %	-52.12	36.77	-16.34	-26.43	-48.77
EBITDA, 2 Yr. CAGR %	-51.05	-25.62	33.84	-24.45	-51.95
EBITA, 2 Yr. CAGR %	-36.78	-29.67	-8.49	4.58	50.27
EBIT, 2 Yr. CAGR %	-21.81	-34.28	-34.85	35.33	98.37
Earnings From Cont. Operations, 2 Yr. CAGR %	16.54	0.5	-37.73	62.42	46.6
Net Income, 2 Yr. CAGR %	13.1	1.84	-34.99	62.81	46.19
Normalized Net Income, 2 Yr. CAGR %	-14.44	-42.3	-82.31	117.46	726.07
Diluted EPS Before Extra, 2 Yr. CAGR %	13.95	2.59	-34.43	63.94	45.96
Accounts Receivable, 2 Yr. CAGR %	-4.8	9.77	26.79	5.91	-19.55
Inventory, 2 Yr. CAGR %	2.38	-9.68	3.34	10.82	-12.56
Net Property, Plant and Equip., 2 Yr. CAGR %	63.97	-8.68	2.94	6.01	-11.38
Total Assets, 2 Yr. CAGR %	9.99	-6.07	1.09	2.11	-11.21
Tangible Book Value, 2 Yr. CAGR %	11	-26.64	-23.96	-43.83	5.43
Common Equity, 2 Yr. CAGR %	-5.1	-16.27	-13.93	-18.87	-5.63
Cash From Operations, 2 Yr. CAGR %	-36.58	59.02	-61.26	-63.66	249.61
Capital Expenditures, 2 Yr. CAGR %	-17.75	-50.44	28.74	56.06	-45.59
Levered Free Cash Flow, 2 Yr. CAGR %	-6.24	98.28	-47.8	-51.79	159.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	-2.89	87.02	-66.06	-40.09	320.52
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.04	-1.82	0.19	5.61	-6.54
Gross Profit, 3 Yr. CAGR %	-36.26	19.27	-0.24	-29.98	-33.84
EBITDA, 3 Yr. CAGR %	-34.34	-22.99	-22.41	6.6	-42.02
EBITA, 3 Yr. CAGR %	-21.72	-26.54	-27.02	5.24	21.07
EBIT, 3 Yr. CAGR %	-8.51	-29.33	-33.02	3.77	39.89
Earnings From Cont. Operations, 3 Yr. CAGR %	26.63	-11	-8.97	11.05	17.08
Net Income, 3 Yr. CAGR %	23.03	-10.17	-8.21	14.53	16.81
Normalized Net Income, 3 Yr. CAGR %	1.62	-37.2	-69.18	18.95	81.7
Diluted EPS Before Extra, 3 Yr. CAGR %	23.72	-9.62	-7.33	15.18	17.23
Accounts Receivable, 3 Yr. CAGR %	-2.41	5.07	14.82	12.81	-6.67
Inventory, 3 Yr. CAGR %	3.76	-4.29	1.37	0.9	-0.8
Net Property, Plant and Equip., 3 Yr. CAGR %	39.98	33.89	-0.33	0.11	-2.31
Total Assets, 3 Yr. CAGR %	8.15	3.3	-0.35	-1.7	-4.02
Tangible Book Value, 3 Yr. CAGR %	27.6	-5.86	-22.83	-40.22	-1.73
Common Equity, 3 Yr. CAGR %	0.48	-9.96	-13.79	-18.89	-6.64
Cash From Operations, 3 Yr. CAGR %	-15.86	23.99	-56.9	-14.46	-27.12
Capital Expenditures, 3 Yr. CAGR %	18.13	-33.85	-1.65	1.38	4.67
Levered Free Cash Flow, 3 Yr. CAGR %	3.69	30.12	-23.69	-17.56	-8.61
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.11	30.68	-43.92	-6.41	-3.74
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.49	3.05	2.82	-1.32	-5.53
Gross Profit, 5 Yr. CAGR %	-21.91	14.12	0.34	-15.08	-23.59
EBITDA, 5 Yr. CAGR %	-12.32	-4.9	-14.55	-23.58	-35.94
EBITA, 5 Yr. CAGR %	0.72	-5.85	-17.86	-15.39	-2.57
EBIT, 5 Yr. CAGR %	19.99	-4.13	-21.01	-8.36	3.41
Earnings From Cont. Operations, 5 Yr. CAGR %	68.71	22.61	-4.67	13.22	10.15
Net Income, 5 Yr. CAGR %	69.66	27.2	-4.68	13.96	10.57
Normalized Net Income, 5 Yr. CAGR %	52.17	-5.47	-50.01	3.21	14.83
Diluted EPS Before Extra, 5 Yr. CAGR %	70.17	27.66	-4.03	14.69	11.14
Accounts Receivable, 5 Yr. CAGR %	0.43	4.21	8.36	5.4	-0.41
Inventory, 5 Yr. CAGR %	3.96	0.45	3.59	1.49	-4.45
Net Property, Plant and Equip., 5 Yr. CAGR %	20.71	18.72	23.79	21.95	-4.91
Total Assets, 5 Yr. CAGR %	5.29	3.53	5.27	2.82	-4.85
Tangible Book Value, 5 Yr. CAGR %	53.38	19.97	3.74	-23.43	-12.57
Common Equity, 5 Yr. CAGR %	2.39	-2.41	-5.55	-13.63	-10.61
Cash From Operations, 5 Yr. CAGR %	-4.26	35.32	-38.3	-24.11	-0.43
Capital Expenditures, 5 Yr. CAGR %	-2.04	-10.01	22.27	-6.75	-22.39
Levered Free Cash Flow, 5 Yr. CAGR %	18.3	10.87	-20.59	-12.53	24.58
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.52	10.48	-32.65	-4.34	25.55