Income Statement Aroundtown SA

Equities

AT1

LU1673108939

Real Estate Development & Operations

Real-time Estimate Tradegate Other stock markets 15:18:00 16/02/2026 GMT			5-day change	1st Jan Change
2.834 ^EUR	+1.58%		-0.63%	+6.72%

07:31am	AROUNDTOWN : Berenberg reaffirms its Neutral rating	ZD
02-04	AROUNDTOWN : Berenberg reiterates its Neutral rating	ZD

27402443.J1Bg7A5js4AmzoTTGHVsFGYX5rBJGP5yj-jHULLndj4.cjojq3sEgvpNic-Bez0_WSBuop0OL4Qm6YmAOcCEFwh-KgXYYA2D-n-M4w

Published financial data: AROUNDTOWN SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	1.18B	1.32B	1.61B	1.6B	1.54B
Other Revenues, Total	196M	193M	5.9M	-150M	-42.5M
Total Revenues	1.38B	1.52B	1.62B	1.45B	1.5B
Property Expenses	323M	408M	620M	605M	550M
Selling General & Admin Expenses, Total	47.1M	56.6M	62.5M	64.7M	65.7M
Total Operating Expenses	370M	465M	682M	670M	616M
Operating Income (REIT / Utility Template)	1.01B	1.05B	933M	783M	884M
Interest Expense, Total	-201M	-180M	-185M	-230M	-235M
Net Interest Expenses	-201M	-180M	-185M	-230M	-235M
Income (Loss) on Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	806M	872M	749M	553M	649M
Total Merger & Related Restructuring Charges	-4M	-	-	-	-
Impairment of Goodwill	-	-	-404M	-137M	-46M
Gain (Loss) on Sale of Assets	57.8M	65.6M	42.6M	-42.7M	1.8M
Asset Writedown	712M	744M	-540M	-3.17B	-127M
Other Unusual Items	-288M	-287M	-269M	-47.4M	-31M
EBT, Incl. Unusual Items	1.28B	1.39B	-422M	-2.85B	446M
Income Tax Expense	377M	316M	35M	-423M	137M
Earnings From Continuing Operations	906M	1.08B	-457M	-2.43B	309M
Net Income to Company	906M	1.08B	-457M	-2.43B	309M
Minority Interest	-165M	-330M	-69.9M	592M	-53M
Net Income - (IS)	741M	748M	-527M	-1.83B	256M
Preferred Dividend and Other Adjustments	89.6M	106M	118M	153M	203M
Net Income to Common Incl Extra Items	652M	642M	-645M	-1.99B	52.9M
Net Income to Common Excl. Extra Items	652M	642M	-645M	-1.99B	52.9M
Per Share Items
Net EPS - Basic	0.5	0.55	-0.58	-1.82	0.05
Basic EPS - Continuing Operations	0.5	0.55	-0.58	-1.82	0.05
Basic Weighted Average Shares Outstanding	1.31B	1.17B	1.11B	1.09B	1.09B
Net EPS - Diluted	0.49	0.53	-0.58	-1.82	0.05
Diluted EPS - Continuing Operations	0.49	0.53	-0.58	-1.82	0.05
Diluted Weighted Average Shares Outstanding	1.31B	1.17B	1.11B	1.09B	1.09B
Normalized Basic EPS	0.26	0.18	0.36	0.86	0.32
Normalized Diluted EPS	0.26	0.18	0.36	0.86	0.32
Dividend Per Share	0.22	0.23	-	-	-
Payout Ratio	-	33.69	-32.13	-	-
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	1.01B	1.06B	947M	794M	901M
EBITA	1.01B	1.05B	933M	783M	884M
EBIT	1.01B	1.05B	933M	783M	884M
Effective Tax Rate - (Ratio)	29.36	22.67	-8.29	14.84	30.7
Total Current Taxes	52.6M	56.3M	69M	72.1M	77.5M
Total Deferred Taxes	287M	216M	-82.4M	-543M	12.5M
Normalized Net Income	338M	215M	398M	938M	352M
Interest on Long-Term Debt	9.6M	13.5M	10.9M	16.8M	13.3M
Supplemental Operating Expense Items
General and Administrative Expenses	47.1M	56.6M	62.5M	64.7M	65.7M
Maintenance & Repair Expenses, Total	30.6M	37.8M	51.1M	49.3M	55M
Stock-Based Comp., G&A Exp. (Total)	3M	-	-	-	-
Stock-Based Comp., Other (Total)	-	5.9M	5.4M	5.3M	5.2M
Total Stock-Based Compensation	3M	5.9M	5.4M	5.3M	5.2M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	21.22B	29.27B	28.21B	24.89B	24.65B
Accumulated Depreciation	-10.8M	-20.8M	-34.2M	-45.3M	-62.7M
Net Property Plant And Equipment	21.21B	29.25B	28.18B	24.85B	24.58B
Total Real Estate Assets	21.21B	29.25B	28.18B	24.85B	24.58B
Cash And Equivalents	2.69B	2.87B	2.31B	2.64B	3.13B
Accounts Receivable, Total	50.7M	125M	91.8M	115M	77.2M
Other Receivables	307M	409M	546M	632M	598M
Investment In Debt and Equity Securities	685M	1.57B	1.68B	1.56B	1.37B
Goodwill	832M	1.69B	1.29B	1.15B	1.11B
Other Intangibles, Total	8.4M	22.8M	17.9M	12.5M	12.4M
Other Current Assets, Total	1.08B	1.25B	1.14B	813M	1.03B
Trading Asset Securities, Total	428M	340M	266M	258M	431M
Deferred Tax Assets Long-Term (Collected)	190M	85.5M	65.1M	65.8M	60.6M
Other Long-Term Assets, Total	3.54B	1.76B	1.77B	1.46B	1.21B
Total Assets	31.02B	39.38B	37.35B	33.56B	33.62B
Liabilities
Current Portion of Long-Term Debt	181M	544M	123M	420M	1.69B
Short-Term Borrowings	-	-	-	-	-
Long-Term Debt	11.68B	15.03B	14.57B	13.82B	12.76B
Long-Term Leases	106M	168M	248M	312M	248M
Accounts Payable, Total	116M	144M	158M	176M	147M
Current Income Taxes Payable	67.6M	113M	93.6M	72.5M	98M
Unearned Revenue, Current	33.8M	43.3M	60.1M	59.9M	70.1M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	676M	763M	854M	811M	941M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non-Current	2.03B	2.77B	2.66B	2.11B	2.1B
Other Non Current Liabilities	553M	660M	751M	630M	553M
Total Liabilities	15.44B	20.23B	19.52B	18.41B	18.61B
Common Stock, Total	15.4M	15.4M	15.4M	15.4M	15.4M
Additional Paid In Capital	5.75B	5.53B	5.19B	5.07B	5.02B
Retained Earnings	7.32B	7.9B	7.36B	5.43B	5.49B
Treasury Stock	-2.62B	-2.94B	-3.03B	-2.89B	-2.89B
Comprehensive Income and Other	3.1B	4.77B	4.81B	4.78B	4.53B
Total Common Equity	13.56B	15.28B	14.33B	12.4B	12.17B
Minority Interest	2.03B	3.88B	3.49B	2.75B	2.84B
Total Equity	15.58B	19.16B	17.82B	15.15B	15.01B
Total Liabilities And Equity	31.02B	39.38B	37.35B	33.56B	33.62B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.16B	1.11B	1.09B	1.09B	1.09B
ECS Total Common Shares Outstanding	1.15B	1.1B	1.07B	1.09B	1.09B
Book Value / Share	9.08	9.55	9	6.99	6.98
Tangible Book Value	12.72B	13.56B	13.02B	11.23B	11.05B
Tangible Book Value Per Share	8.35	7.99	7.77	5.93	5.95
Total Debt	11.97B	15.74B	14.94B	14.55B	14.7B
Net Debt	8.85B	12.53B	12.37B	11.66B	11.14B
Minority Interest, Total (Incl. Fin. Div)	2.03B	3.88B	3.49B	2.75B	2.84B
Equity Method Investments, Total	3.18B	1.22B	1.29B	1.09B	926M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	88M	-	-	-
Machinery, Total	48M	85.6M	148M	178M	130M
Full Time Employees	711	1.63K	1.7K	1.35K	1.51K
Part Time Employees	-	-	-	-	162

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	741M	748M	-527M	-1.83B	256M
Depreciation, Depletion & Amortization	2.7M	10M	13.4M	11.1M	17.4M
Total Depreciation, Depletion & Amortization	2.7M	10M	13.4M	11.1M	17.4M
Amortization of Deferred Charges, Total	1.6M	5.9M	7.7M	6.8M	2.8M
(Gain) Loss On Sale of Asset - (CF)	-57.8M	-65.6M	-42.6M	42.7M	-1.8M
(Gain) Loss on Sale of Investments - (CF)	135M	115M	169M	-14.8M	800K
Total Asset Writedown	-712M	-744M	944M	3.31B	173M
(Income) Loss On Equity Investments - (CF)	-196M	-193M	-5.9M	150M	42.5M
Stock-Based Compensation (CF)	3M	5.9M	5.4M	5.3M	5.2M
Change in Accounts Receivable	-	-	-	-	-
Change in Accounts Payable	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-39M	-61.3M	-29.1M	-58.5M	-55.3M
Other Operating Activities	736M	805M	253M	-848M	379M
Cash from Operations	616M	626M	788M	772M	820M
Acquisition of Real Estate Assets, Total	-666M	-815M	-757M	-412M	-512M
Sale of Real Estate Assets, Total	2.06B	2.02B	1.29B	970M	730M
Net Sale / Acquisition of Real Estate Assets	1.4B	1.2B	530M	559M	218M
Cash Acquisitions	-	-	-	-	-
Purchase / Sale of Intangible Assets	-6.7M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-377M	-124M	-121M	49.6M	-65.2M
Cash from Investing	1.01B	1.08B	408M	608M	153M
Long-Term Debt Issued, Total	219M	-	225M	813M	1.42B
Total Debt Issued	219M	-	225M	813M	1.42B
Long-Term Debt Repaid, Total	-712M	-1.32B	-854M	-1.15B	-1.21B
Total Debt Repaid	-712M	-1.32B	-854M	-1.15B	-1.21B
Issuance of Common Stock	-	235M	-	-	-
Repurchase of Common Stock	-1.08B	-444M	-373M	-126M	-486M
Common Dividends Paid	-	-252M	-169M	-	-
Common & Preferred Stock Dividends Paid	-	-252M	-169M	-	-
Other Financing Activities, Total	-56.3M	-825M	-592M	-587M	-214M
Cash from Financing	-1.63B	-2.61B	-1.76B	-1.05B	-496M
Foreign Exchange Rate Adjustments	-500K	16.1M	4.9M	-2M	11M
Miscellaneous Cash Flow Adjustments	506M	1.07B	-5.5M	9.1M	-1M
Net Change in Cash	500M	181M	-568M	336M	487M
Supplemental Items
Cash Income Tax Paid (Refund)	82.5M	92.6M	96.7M	111M	113M
Net Debt Issued / Repaid	-493M	-1.32B	-629M	-338M	204M
Levered Free Cash Flow	-103M	390M	607M	539M	417M
Unlevered Free Cash Flow	22.34M	503M	722M	683M	564M
Change In Net Working Capital	578M	176M	-112M	-170M	14.2M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.23	1.87	1.52	1.38	1.64
Return on Total Capital	2.46	2.11	1.72	1.57	1.86
Return On Equity %	6.26	6.21	-2.47	-14.72	2.05
Return on Common Equity	5.09	4.45	-4.36	-14.87	0.43
Margin Analysis
Gross Profit Margin %	76.56	73.1	61.64	58.33	63.32
SG&A Margin	3.42	3.73	3.87	4.45	4.38
EBITDA Margin %	73.33	70.02	58.6	54.65	60.09
EBITA Margin %	73.13	69.37	57.77	53.88	58.93
EBIT Margin %	73.13	69.37	57.77	53.88	58.93
Income From Continuing Operations Margin %	65.87	71.09	-28.29	-166.99	20.62
Net Income Margin %	53.87	49.33	-32.62	-126.24	17.09
Net Avail. For Common Margin %	47.36	42.34	-39.92	-136.79	3.53
Normalized Net Income Margin	24.59	14.16	24.63	64.54	23.5
Levered Free Cash Flow Margin	-7.49	25.73	37.56	37.11	27.78
Unlevered Free Cash Flow Margin	1.62	33.16	44.71	47.01	37.58
Asset Turnover
Asset Turnover	0.05	0.04	0.04	0.04	0.04
Fixed Assets Turnover	0.07	0.06	0.06	0.05	0.06
Receivables Turnover (Average Receivables)	20.78	15.04	14.83	15.53	16.08
Short Term Liquidity
Current Ratio	4.25	3.11	3.37	2.9	1.79
Quick Ratio	3.24	2.33	2.49	2.37	1.44
Operating Cash Flow to Current Liabilities	0.57	0.39	0.61	0.5	0.28
Days Sales Outstanding (Average Receivables)	17.61	24.27	24.61	23.5	22.76
Average Days Payable Outstanding	133.36	-	-	100.9	107.53
Long Term Solvency
Total Debt/Equity	76.79	82.15	83.85	96.07	97.96
Total Debt / Total Capital	43.44	45.1	45.61	49	49.48
LT Debt/Equity	75.63	79.32	83.16	93.3	86.68
Long-Term Debt / Total Capital	42.78	43.54	45.23	47.58	43.79
Total Liabilities / Total Assets	49.77	51.36	52.28	54.86	55.35
EBIT / Interest Expense	5.01	5.83	5.05	3.4	3.76
EBITDA / Interest Expense	5.03	5.89	5.12	3.45	3.83
(EBITDA - Capex) / Interest Expense	4.88	5.89	5.12	3.45	3.83
Total Debt / EBITDA	11.86	14.82	15.78	18.33	16.31
Net Debt / EBITDA	8.77	11.79	13.07	14.68	12.36
Total Debt / (EBITDA - Capex)	12.22	14.82	15.78	18.33	16.31
Net Debt / (EBITDA - Capex)	9.03	11.79	13.07	14.68	12.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.29	10.22	6.54	-10.08	3.22
Gross Profit, 1 Yr. Growth %	9.09	5.24	-10.17	-14.89	12.03
EBITDA, 1 Yr. Growth %	7.35	5.67	-10.85	-16.14	13.51
EBITA, 1 Yr. Growth %	7.25	4.96	-11.27	-16.12	12.9
EBIT, 1 Yr. Growth %	7.25	4.96	-11.27	-16.12	12.9
Earnings From Cont. Operations, 1 Yr. Growth %	-46.97	18.94	-142.4	430.82	-112.75
Net Income, 1 Yr. Growth %	-45.73	0.92	-170.45	248.05	-113.97
Diluted EPS Before Extra, 1 Yr. Growth %	-55.61	7.93	-209.63	212.87	-102.66
Normalized Net Income, 1 Yr. Growth %	118.78	-36.07	85.32	135.62	-62.41
Net Property, Plant and Equip., 1 Yr. Growth %	16.94	37.9	-3.65	-11.83	-1.05
Accounts Receivable, 1 Yr. Growth %	-19.4	147.14	-26.74	24.84	-32.64
Total Assets, 1 Yr. Growth %	21.92	27.53	-5.17	-10.14	0.18
Common Equity, 1 Yr. Growth %	12.33	12.71	-6.21	-13.48	-1.85
Tangible Book Value, 1 Yr. Growth %	5.46	6.65	-3.97	-13.75	-1.63
Cash From Operations, 1 Yr. Growth %	0.36	1.62	25.92	-2.02	6.27
Capital Expenditures, 1 Yr. Growth %	854.84	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-124.55	-613.36	55.55	-11.15	-22.73
Unlevered Free Cash Flow, 1 Yr. Growth %	-95.61	917.24	43.64	-5.45	-17.48
Dividend Per Share, 1 Yr. Growth %	57.14	4.55	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.38	12.73	8.36	-2.12	-3.66
Gross Profit, 2 Yr. CAGR %	16.24	7.15	-2.77	-12.56	-2.35
EBITDA, 2 Yr. CAGR %	15.33	6.3	-2.94	-13.53	-2.43
EBITA, 2 Yr. CAGR %	15.29	5.89	-3.5	-13.73	-2.69
EBIT, 2 Yr. CAGR %	15.29	5.89	-3.5	-13.73	-2.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-29.58	-20.58	-28.99	50.02	-17.74
Net Income, 2 Yr. CAGR %	-33.3	-25.99	-15.68	56.58	-30.26
Diluted EPS Before Extra, 2 Yr. CAGR %	-42.59	-30.78	8.77	85.2	-71.15
Normalized Net Income, 2 Yr. CAGR %	18.68	17.83	8.85	108.96	-5.9
Net Property, Plant and Equip., 2 Yr. CAGR %	22.23	26.99	15.27	-7.83	-6.6
Accounts Receivable, 2 Yr. CAGR %	2.77	41.14	34.56	-4.37	-8.3
Total Assets, 2 Yr. CAGR %	27.64	24.41	9.97	-7.69	-5.12
Common Equity, 2 Yr. CAGR %	20.24	12.52	2.82	-9.92	-7.85
Tangible Book Value, 2 Yr. CAGR %	16.52	6.05	1.2	-8.99	-7.89
Cash From Operations, 2 Yr. CAGR %	14.13	0.99	13.12	11.08	2.04
Capital Expenditures, 2 Yr. CAGR %	153.67	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-60.38	-3.6	182.58	17.56	-17.14
Unlevered Free Cash Flow, 2 Yr. CAGR %	-82.49	-0.55	282.25	16.54	-11.67
Dividend Per Share, 2 Yr. CAGR %	-6.84	28.17	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	22.12	14.94	10.63	1.83	-0.37
Gross Profit, 3 Yr. CAGR %	20.08	12.45	1.04	-6.99	-5.03
EBITDA, 3 Yr. CAGR %	19.21	11.87	0.24	-7.55	-5.32
EBITA, 3 Yr. CAGR %	19.23	11.59	-0.17	-7.9	-5.64
EBIT, 3 Yr. CAGR %	19.23	11.59	-0.17	-7.9	-5.64
Earnings From Cont. Operations, 3 Yr. CAGR %	-16.18	-16.14	-35.57	38.85	-34.05
Net Income, 3 Yr. CAGR %	-17.32	-23.43	-27.2	35.25	-30.03
Diluted EPS Before Extra, 3 Yr. CAGR %	-28.55	-29.15	-19.32	54.69	-54.98
Normalized Net Income, 3 Yr. CAGR %	50.18	-3.67	37.03	40.8	17.96
Net Property, Plant and Equip., 3 Yr. CAGR %	29.26	27.24	15.82	5.42	-5.63
Accounts Receivable, 3 Yr. CAGR %	14.58	37.69	13.43	31.24	-14.91
Total Assets, 3 Yr. CAGR %	31.09	27.41	13.65	2.81	-5.14
Common Equity, 3 Yr. CAGR %	27.28	17.68	5.9	-2.93	-7.31
Tangible Book Value, 3 Yr. CAGR %	24.66	13.13	2.6	-4.05	-6.6
Cash From Operations, 3 Yr. CAGR %	19.41	9.8	8.7	7.83	9.45
Capital Expenditures, 3 Yr. CAGR %	48.17	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-25.89	-15.94	13.06	92.15	2.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	-57.78	-11.62	12.42	139.95	3.87
Dividend Per Share, 3 Yr. CAGR %	-2.04	-3.19	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	61.52	26.36	16.42	7.79	4.67
Gross Profit, 5 Yr. CAGR %	61.25	22.9	10.36	1.69	-0.33
EBITDA, 5 Yr. CAGR %	61.19	22.21	9.71	0.92	-0.84
EBITA, 5 Yr. CAGR %	61.24	22.11	9.47	0.67	-1.19
EBIT, 5 Yr. CAGR %	61.24	22.11	9.47	0.67	-1.19
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.31	3.65	-21.56	5.83	-28.96
Net Income, 5 Yr. CAGR %	1.54	0.44	-16.67	1.94	-28.44
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.45	-9.34	-15.47	4.06	-46.53
Normalized Net Income, 5 Yr. CAGR %	27.56	37.71	31.84	31.3	17.9
Net Property, Plant and Equip., 5 Yr. CAGR %	54.22	42.23	23.47	11.84	6.27
Accounts Receivable, 5 Yr. CAGR %	46.5	55.68	22.19	19.01	4.18
Total Assets, 5 Yr. CAGR %	47.52	37.24	22.08	12	5.73
Common Equity, 5 Yr. CAGR %	45.13	33.76	16.86	5.75	0.17
Tangible Book Value, 5 Yr. CAGR %	43.35	30.72	14.68	3.7	-1.73
Cash From Operations, 5 Yr. CAGR %	45.54	28.47	16.85	10.31	5.98
Capital Expenditures, 5 Yr. CAGR %	100.39	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-0.06	42.69	19.09	-3.87	-0.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	-28.09	39.39	19.47	-1.28	2.08
Dividend Per Share, 5 Yr. CAGR %	33.96	7.13	-	-	-