Cash flow Cellularline S.p.A.

Equities

CELL

IT0005244618

Computer & Electronics Retailers

Market Closed - Borsa Italiana Other stock markets 16:45:00 22/04/2026 BST			5-day change	1st Jan Change
2.270 ^EUR	0.00%		+1.34%	-12.02%

04-14	Traders in risk-on mode; Euro eyes USD1.18	AN
03-17	Cellularline S.p.A. announces Annual dividend, payable on May 20, 2026	CI

ba8047d1e57849111fb0068bd04.-reOXHMgCHItVcyAvdOA_pHwg5M4jN7gWQUJk_WPSJQ.r-HGbQJFWjwAHvnE6rvMxt-a8qRO3POaHE1g27TLfOCJ5885FGd4FH5tgQ

Published financial data: CELLULARLINE S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	111M	138M	159M	164M	157M
Total Revenues	111M	138M	159M	164M	157M
Cost of Goods Sold, Total	60.56M	84.22M	97.46M	98.44M	93.2M
Gross Profit	50.01M	53.43M	61.19M	65.82M	63.44M
Selling General & Admin Expenses, Total	49.57M	56.08M	57.05M	59.22M	60.86M
Other Operating Expenses, Total	49.57M	56.08M	57.05M	59.22M	60.86M
Operating Income	445K	-2.66M	4.14M	6.6M	2.58M
Interest Expense, Total	-1.18M	-1.22M	-2.68M	-2.16M	-1.51M
Interest And Investment Income	124K	40K	2K	125K	185K
Net Interest Expenses	-1.05M	-1.18M	-2.68M	-2.04M	-1.32M
Income (Loss) On Equity Invest.	-	-	260K	-	-
Currency Exchange Gains (Loss)	603K	2.1M	622K	25K	668K
Other Non Operating Income (Expenses)	2.42M	2.35M	1.91M	1.68M	2.37M
EBT, Excl. Unusual Items	2.42M	608K	4.25M	6.27M	4.29M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-75.42M	-	-	-41.58M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-7.17M	-	-	-33K	-729K
Other Unusual Items	-1.8M	-	-	-	-
EBT, Incl. Unusual Items	-6.56M	-74.82M	4.25M	6.24M	-38.02M
Income Tax Expense	-2.71M	349K	655K	593K	-1.67M
Earnings From Continuing Operations	-3.85M	-75.17M	3.6M	5.65M	-36.35M
Net Income to Company	-3.85M	-75.17M	3.6M	5.65M	-36.35M
Net Income - (IS)	-3.85M	-75.17M	3.6M	5.65M	-36.35M
Net Income to Common Incl Extra Items	-3.85M	-75.17M	3.6M	5.65M	-36.35M
Net Income to Common Excl. Extra Items	-3.85M	-75.17M	3.6M	5.65M	-36.35M
Per Share Items
Net EPS - Basic	-0.19	-3.65	0.17	0.26	-1.74
Basic EPS - Continuing Operations	-0.19	-3.65	0.17	0.26	-1.74
Basic Weighted Average Shares Outstanding	20.23M	20.61M	21.16M	21.33M	20.95M
Net EPS - Diluted	-0.19	-3.65	0.17	0.26	-1.74
Diluted EPS - Continuing Operations	-0.19	-3.65	0.17	0.26	-1.74
Diluted Weighted Average Shares Outstanding	20.23M	20.61M	21.16M	21.33M	20.95M
Normalized Basic EPS	0.07	0.02	0.13	0.18	0.13
Normalized Diluted EPS	0.07	0.02	0.13	0.18	0.13
Dividend Per Share	0.05	-	0.09	0.09	0.11
Payout Ratio	-	-1.35	-	32.3	-5.34
Supplemental Items
EBITDA	10.06M	7.06M	14.69M	17.19M	13.12M
EBITA	9.06M	6.07M	13.03M	15.46M	11.56M
EBIT	445K	-2.66M	4.14M	6.6M	2.58M
Effective Tax Rate - (Ratio)	41.34	-0.47	15.41	9.5	4.4
Total Current Taxes	502K	464K	1.31M	3.24M	2.65M
Total Deferred Taxes	-3.21M	-114K	-656K	-2.65M	-4.32M
Normalized Net Income	1.51M	380K	2.66M	3.92M	2.68M
Interest on Long-Term Debt	1.09M	958K	2.34M	1.96M	1.33M
Non-Cash Pension Expense	94K	-	584K	-	-
Supplemental Operating Expense Items
Advertising Expense	1.56M	2.34M	2.44M	2.23M	1.28M
Selling and Marketing Expenses	26.33M	30.24M	29.23M	31.42M	31.47M
General and Administrative Expenses	23.23M	25.85M	27.82M	27.8M	29.39M
Research And Development Expense From Footnotes	1.3M	1.38M	1.31M	1.42M	1.38M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	8.14M	9.92M	14.04M	20.75M	23.58M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	8.14M	9.92M	14.04M	20.75M	23.58M
Accounts Receivable, Total	52.12M	53.29M	51.46M	56.25M	51.5M
Other Receivables	2.19M	1.45M	2.5M	2.66M	609K
Total Receivables	54.31M	54.74M	53.96M	58.91M	52.11M
Inventory	30.52M	41.4M	46.93M	39.68M	36.65M
Prepaid Expenses	3.97M	2.89M	11.04M	7.22M	-
Other Current Assets, Total	60K	75K	338K	340K	8.55M
Total Current Assets	97M	109M	126M	127M	121M
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	9.26M	12.11M	11.81M	10.55M	8.3M
Long-term Investments	58K	71K	331K	428K	504K
Goodwill	109M	34.27M	38.5M	38.19M	8.56M
Other Intangibles, Total	60.28M	53.72M	49.5M	42.08M	24.22M
Deferred Tax Assets Long-Term	4.75M	5.12M	5.8M	6.41M	9.96M
Deferred Charges Long-Term	1.08M	1.11M	1.1M	1.19M	904K
Other Long-Term Assets, Total	-	-	54K	141K	220K
Total Assets	281M	215M	233M	226M	174M
Liabilities
Accounts Payable, Total	19.82M	23.58M	32.33M	31.53M	29.32M
Accrued Expenses, Total	3.83M	4.31M	5.85M	5.54M	5.05M
Short-term Borrowings	2.28M	1.42M	2.93M	1.45M	1.68M
Current Portion of Long-Term Debt	10.13M	23.79M	29.17M	13.74M	17.26M
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	1.23M	772K	1.69M	1.85M	115K
Other Current Liabilities	660K	1.28M	3.09M	2.93M	1.46M
Total Current Liabilities	37.96M	55.15M	75.06M	57.05M	54.88M
Long-Term Debt	31.3M	20.66M	13.53M	24.66M	15.06M
Long-Term Leases	1.84M	4.5M	4.13M	3.26M	2.56M
Pension & Other Post Retirement Benefits	772K	524K	544K	604K	555K
Deferred Tax Liability Non Current	2.35M	2.76M	3.55M	1.41M	770K
Other Non Current Liabilities	1.62M	1.36M	1.94M	1.85M	3.05M
Total Liabilities	75.83M	84.96M	98.75M	88.83M	76.88M
Common Stock, Total	21.34M	21.34M	21.34M	21.34M	21.34M
Additional Paid In Capital	140M	140M	103M	102M	102M
Retained Earnings	24.84M	-59.61M	6.26M	10.98M	-29.02M
Treasury Stock	-15.19M	-9.42M	-3.63M	-2.09M	-3.37M
Comprehensive Income and Other	34.37M	38.24M	7.74M	4.69M	5.86M
Total Common Equity	205M	130M	135M	137M	96.68M
Total Equity	205M	130M	135M	137M	96.68M
Total Liabilities And Equity	281M	215M	233M	226M	174M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.23M	20.83M	21.34M	21.3M	20.78M
ECS Total Common Shares Outstanding	20.23M	20.83M	21.34M	21.3M	20.78M
Book Value / Share	10.15	6.26	6.31	6.44	4.65
Tangible Book Value	36.31M	42.48M	46.66M	56.8M	63.9M
Tangible Book Value Per Share	1.79	2.04	2.19	2.67	3.07
Total Debt	45.55M	50.38M	49.76M	43.1M	36.56M
Net Debt	37.41M	40.46M	35.72M	22.35M	12.99M
Equity Method Investments, Total	58K	71K	331K	428K	504K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	30.21M	42.01M	48.43M	42.41M	40.42M
Inventories - Others	1.75M	1.61M	1.01M	2.01M	1.53M
Land - (BS)	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	254	254	299	299	294
Accumulated Allowance for Doubtful Accounts (Supple)	3.44M	3.44M	3.95M	4.08M	3.59M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-3.85M	-75.17M	3.6M	5.65M	-36.35M
Depreciation & Amortization - CF	1.9M	2.54M	3.38M	3.41M	3.21M
Amortization of Goodwill and Intangible Assets - (CF)	8.62M	8.73M	8.9M	8.86M	8.99M
Depreciation & Amortization, Total	10.52M	11.27M	12.28M	12.27M	12.2M
Amortization of Deferred Charges, Total - (CF)	1.3M	1.38M	1.13M	1.42M	1.38M
Asset Writedown & Restructuring Costs	7.3M	75.82M	1.27M	2.32M	43.42M
(Income) Loss On Equity Investments - (CF)	-122K	-38K	-260K	1.89M	-76K
Other Operating Activities, Total	-3.8M	-2.64M	-4.31M	-4.39M	-6.24M
Change In Accounts Receivable	527K	-1.17M	2.5M	-4.93M	5.25M
Change In Inventories	2.56M	-11.65M	-4.59M	5.07M	2.62M
Change In Accounts Payable	4.34M	3.76M	8.6M	-797K	-2.22M
Change in Other Net Operating Assets	301K	3.34M	-7.16M	3.02M	-620K
Cash from Operations	19.07M	4.89M	13.05M	21.53M	19.38M
Capital Expenditure	-5M	-4.61M	-4.89M	-5.31M	-5.65M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-2.36M	-786K	-2.55M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-7.36M	-5.4M	-7.44M	-5.31M	-5.65M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	3.81M	-	25M	-
Total Debt Issued	-	3.81M	-	25M	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-9.6M	-1.83M	-1.73M	-27.88M	-3.47M
Total Debt Repaid	-9.6M	-1.83M	-1.73M	-27.88M	-3.47M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-1.01M	-	-1.82M	-1.94M
Common & Preferred Stock Dividends Paid	-	-1.01M	-	-1.82M	-1.94M
Other Financing Activities, Total	-3.3M	506K	-837K	-4.95M	-5.49M
Cash from Financing	-12.89M	1.48M	-2.56M	-9.66M	-10.91M
Foreign Exchange Rate Adjustments	692K	806K	1.09M	146K	1K
Miscellaneous Cash Flow Adjustments	-	-	-	1K	-
Net Change in Cash	-491K	1.78M	4.12M	6.71M	2.82M
Supplemental Items
Cash Interest Paid	925K	2.29M	3.7M	2.99M	181K
Cash Income Tax Paid (Refund)	2.35M	1.34M	1.43M	1.89M	4.56M
Levered Free Cash Flow	12.18M	-239K	9.28M	16.19M	11.52M
Unlevered Free Cash Flow	12.91M	525K	10.95M	17.54M	12.47M
Change In Net Working Capital	-5.82M	5.85M	148K	-5.03M	-2.92M
Net Debt Issued / Repaid	-9.6M	1.98M	-1.73M	-2.88M	-3.47M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.1	-0.67	1.15	1.8	0.81
Return on Total Capital	0.11	-0.77	1.42	2.26	1.03
Return On Equity %	-1.86	-44.76	2.71	4.16	-31.1
Return on Common Equity	-1.86	-44.76	2.71	4.16	-31.1
Margin Analysis
Gross Profit Margin %	45.23	38.81	38.57	40.07	40.5
SG&A Margin	44.83	40.74	35.96	36.05	38.86
EBITDA Margin %	9.1	5.13	9.26	10.47	8.38
EBITA Margin %	8.2	4.41	8.22	9.41	7.38
EBIT Margin %	0.4	-1.93	2.61	4.02	1.65
Income From Continuing Operations Margin %	-3.48	-54.61	2.27	3.44	-23.2
Net Income Margin %	-3.48	-54.61	2.27	3.44	-23.2
Net Avail. For Common Margin %	-3.48	-54.61	2.27	3.44	-23.2
Normalized Net Income Margin	1.37	0.28	1.67	2.39	1.71
Levered Free Cash Flow Margin	11.01	-0.17	5.85	9.85	7.36
Unlevered Free Cash Flow Margin	11.68	0.38	6.9	10.68	7.96
Asset Turnover
Asset Turnover	0.38	0.55	0.71	0.72	0.78
Fixed Assets Turnover	11.68	12.88	13.26	14.69	16.62
Receivables Turnover (Average Receivables)	2.11	2.61	3.03	3.05	2.91
Inventory Turnover (Average Inventory)	1.91	2.34	2.21	2.27	2.44
Short Term Liquidity
Current Ratio	2.56	1.98	1.68	2.22	2.2
Quick Ratio	1.65	1.17	0.91	1.4	1.38
Operating Cash Flow to Current Liabilities	0.5	0.09	0.17	0.38	0.35
Days Sales Outstanding (Average Receivables)	173	139.76	120.5	120	125.54
Days Outstanding Inventory (Average Inventory)	191.29	155.85	165.41	161.01	149.46
Average Days Payable Outstanding	110.88	83.3	99.07	128.15	123.16
Cash Conversion Cycle (Average Days)	253.42	212.31	186.83	152.85	151.84
Long Term Solvency
Total Debt/Equity	22.18	38.61	36.95	31.45	37.82
Total Debt / Total Capital	18.15	27.86	26.98	23.92	27.44
LT Debt/Equity	16.14	19.29	13.12	20.37	18.23
Long-Term Debt / Total Capital	13.21	13.92	9.58	15.49	13.23
Total Liabilities / Total Assets	26.97	39.44	42.31	39.32	44.29
EBIT / Interest Expense	0.38	-2.17	1.54	3.06	1.71
EBITDA / Interest Expense	9.31	7.04	6.13	8.74	9.79
(EBITDA - Capex) / Interest Expense	5.07	3.27	4.3	6.28	6.05
Total Debt / EBITDA	4.16	5.85	3.03	2.28	2.47
Net Debt / EBITDA	3.41	4.7	2.18	1.18	0.88
Total Debt / (EBITDA - Capex)	7.64	12.58	4.32	3.18	4
Net Debt / (EBITDA - Capex)	6.27	10.1	3.1	1.65	1.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.77	24.48	15.26	3.54	-4.64
Gross Profit, 1 Yr. Growth %	11.32	10.81	25.4	7.57	-3.61
EBITDA, 1 Yr. Growth %	-7.55	-32.49	47.05	8.66	-29.5
EBITA, 1 Yr. Growth %	-0.72	-29.08	49.27	9.15	-31.52
EBIT, 1 Yr. Growth %	2.68K	96.01	-255.8	59.34	-60.97
Earnings From Cont. Operations, 1 Yr. Growth %	-127.67	1.85K	-104.78	57.08	-743.67
Net Income, 1 Yr. Growth %	-127.67	1.85K	-104.78	57.08	-743.67
Normalized Net Income, 1 Yr. Growth %	49.63	-1.62	599.01	47.39	-31.66
Diluted EPS Before Extra, 1 Yr. Growth %	-127.4	1.82K	-104.65	53.06	-769.23
Accounts Receivable, 1 Yr. Growth %	-1.11	2.25	-3.44	9.31	-8.45
Inventory, 1 Yr. Growth %	-7.42	35.66	13.36	-15.45	-7.65
Net Property, Plant and Equip., 1 Yr. Growth %	-4.26	30.81	-2.51	-10.64	-21.34
Total Assets, 1 Yr. Growth %	-4.38	-23.39	8.35	-3.22	-23.17
Tangible Book Value, 1 Yr. Growth %	28.73	16.99	9.83	21.68	12.49
Common Equity, 1 Yr. Growth %	-1.49	-36.47	3.21	1.79	-29.47
Cash From Operations, 1 Yr. Growth %	68.67	-74.37	166.86	65	-9.99
Capital Expenditures, 1 Yr. Growth %	-50.87	-7.76	6.16	8.46	6.41
Levered Free Cash Flow, 1 Yr. Growth %	-2.7K	-102.17	-3.98K	74.45	-28.82
Unlevered Free Cash Flow, 1 Yr. Growth %	1.9K	-95.55	1.99K	60.1	-28.92
Dividend Per Share, 1 Yr. Growth %	-	-	-	6.9	16.13
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-11.27	14.75	19.78	9.24	-0.63
Gross Profit, 2 Yr. CAGR %	-12.02	9.05	12.66	16.14	1.82
EBITDA, 2 Yr. CAGR %	-40.63	-19.47	18.51	31.2	-8.92
EBITA, 2 Yr. CAGR %	-41.9	-18.45	23.38	33.08	-9.65
EBIT, 2 Yr. CAGR %	-84.63	1.19K	74.75	57.67	-21.14
Earnings From Cont. Operations, 2 Yr. CAGR %	-54.04	132.54	-3.32	-72.59	217.97
Net Income, 2 Yr. CAGR %	-54.04	132.54	-3.32	-72.59	217.97
Normalized Net Income, 2 Yr. CAGR %	-65.25	-38.66	162.24	221.21	0.36
Diluted EPS Before Extra, 2 Yr. CAGR %	-54.05	129.38	-5.47	-73.31	220.06
Accounts Receivable, 2 Yr. CAGR %	-7.45	0.56	-0.63	2.74	0.04
Inventory, 2 Yr. CAGR %	15.38	12.07	24.01	-2.1	-11.63
Net Property, Plant and Equip., 2 Yr. CAGR %	1.73	11.91	12.93	-6.67	-16.16
Total Assets, 2 Yr. CAGR %	-4.32	-14.41	-8.89	2.4	-13.77
Tangible Book Value, 2 Yr. CAGR %	5.62	22.72	13.35	15.63	17
Common Equity, 2 Yr. CAGR %	0.7	-20.89	-19.02	2.5	-15.27
Cash From Operations, 2 Yr. CAGR %	-3.23	-34.24	-17.29	109.84	21.87
Capital Expenditures, 2 Yr. CAGR %	-22.47	-32.68	-1.05	7.31	7.43
Levered Free Cash Flow, 2 Yr. CAGR %	68.33	-28.53	-8.39	722.35	11.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	55.32	-9.92	-3.62	477.97	6.68
Dividend Per Share, 2 Yr. CAGR %	-61.08	-	31.91	-	11.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.63	-0.67	14.92	14.1	4.4
Gross Profit, 3 Yr. CAGR %	1.73	-6.14	10.85	10.93	9.14
EBITDA, 3 Yr. CAGR %	-25.72	-37.23	10.5	18.02	9.53
EBITA, 3 Yr. CAGR %	-27.78	-39.07	12.6	21.78	9.82
EBIT, 3 Yr. CAGR %	-71.9	-47.96	537.12	69.54	-1
Earnings From Cont. Operations, 3 Yr. CAGR %	-50.84	60.42	-36.29	13.66	-21.51
Net Income, 3 Yr. CAGR %	-50.84	60.42	-36.29	13.66	-21.51
Normalized Net Income, 3 Yr. CAGR %	-55.09	-68.8	38.03	116.52	91.76
Diluted EPS Before Extra, 3 Yr. CAGR %	-53.18	59.44	-37.44	11	-21.88
Accounts Receivable, 3 Yr. CAGR %	-4.28	-4.32	-0.79	2.58	-1.13
Inventory, 3 Yr. CAGR %	13.97	21.78	12.5	9.15	-3.98
Net Property, Plant and Equip., 3 Yr. CAGR %	8.61	10.63	6.88	4.45	-11.84
Total Assets, 3 Yr. CAGR %	-3.47	-11.15	-7.41	-7.04	-6.95
Tangible Book Value, 3 Yr. CAGR %	17.39	9.28	18.26	16.08	14.58
Common Equity, 3 Yr. CAGR %	1.85	-13.63	-13.55	-12.61	-9.51
Cash From Operations, 3 Yr. CAGR %	14.43	-37.85	4.89	4.12	58.25
Capital Expenditures, 3 Yr. CAGR %	36.43	-17.85	-21.64	2.03	7
Levered Free Cash Flow, 3 Yr. CAGR %	-4.82	-61.81	170.51	13.56	263.77
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.23	-53.88	156.75	14.16	187.43
Dividend Per Share, 3 Yr. CAGR %	-44.97	-	-	22.98	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-7.05	-0.26	11.08	3.18	8.42
Gross Profit, 5 Yr. CAGR %	-11.73	-5.65	5.2	0.37	7.15
EBITDA, 5 Yr. CAGR %	-23.35	-28.71	-9.77	-9.65	3.81
EBITA, 5 Yr. CAGR %	-23.81	-29.69	-11.54	-10.45	4.84
EBIT, 5 Yr. CAGR %	-58.3	-40.41	-27.06	-18.92	176.31
Earnings From Cont. Operations, 5 Yr. CAGR %	-29.25	26	-35.57	-20.88	21.2
Net Income, 5 Yr. CAGR %	-29.25	26	-35.57	-20.88	21.2
Normalized Net Income, 5 Yr. CAGR %	-40.08	-55.29	-30.76	-20.72	21.55
Diluted EPS Before Extra, 5 Yr. CAGR %	-	156.78	-37.99	-22	20.19
Accounts Receivable, 5 Yr. CAGR %	-6.64	-6.34	-2.84	-1.56	-0.46
Inventory, 5 Yr. CAGR %	13.81	18.43	17.89	11.6	2.14
Net Property, Plant and Equip., 5 Yr. CAGR %	0.66	10.07	10.31	3.35	-3.01
Total Assets, 5 Yr. CAGR %	5.51	-0.13	-5.68	-5.96	-10.01
Tangible Book Value, 5 Yr. CAGR %	-1.06	78.32	15.76	11.78	17.77
Common Equity, 5 Yr. CAGR %	7.79	4.46	-7.08	-7.51	-14.24
Cash From Operations, 5 Yr. CAGR %	-9.39	-25.62	0.5	1.11	11.38
Capital Expenditures, 5 Yr. CAGR %	35.82	27.18	19.98	-8.58	-11.1
Levered Free Cash Flow, 5 Yr. CAGR %	-12.4	-57.78	-8.06	30.37	89.73
Unlevered Free Cash Flow, 5 Yr. CAGR %	-13.65	-51.31	-5.72	26.79	80.7
Dividend Per Share, 5 Yr. CAGR %	-	-	-21.93	-22.38	-