PICANOL financials
PICANOL
Country: BE Reporting currency: EUR Latest annual report: 2021-12-31
LEI:
549300TLMDDUQR3DJ408 Financial statements
(EUR, as reported — unscaled; 113 line items across 2 annual periods)
| Line item | 2021 | 2020 |
|---|---|---|
| Income statement | ||
| Revenue | €2.74B | €2.19B |
| Cost of sales | €2.11B | €1.66B |
| Gross profit | €630.6M | €524.2M |
| Distribution costs | €131.2M | €111.8M |
| Administrative expenses | €78.4M | €72.4M |
| Operating profit (EBIT) | €242.0M | €158.2M |
| Net finance income / (cost) | €44.4M | -€37.3M |
| Finance costs | €19.5M | €45.0M |
| Profit before tax | €287.5M | €119.0M |
| Income tax expense | €49.8M | €32.2M |
| Profit for the year | €237.7M | €86.8M |
| — attributable to owners | €160.7M | €55.4M |
| — attributable to NCI | €77.0M | €31.4M |
| Total comprehensive income | €280.8M | €71.9M |
| Per share | ||
| Basic EPS | €9.10 | €3.10 |
| Diluted EPS | €9.10 | €3.10 |
| Free cash flow / share | €7.35 | €7.54 |
| Cash flow statement | ||
| Cash generated from operations | €366.0M | €368.6M |
| Net cash from operating activities | €304.0M | €323.1M |
| Income taxes paid | -€62.1M | -€45.6M |
| Net cash from investing activities | -€148.6M | -€135.1M |
| Purchase of PP&E (capex) | €112.1M | €111.9M |
| Purchase of intangibles | €400.0K | €1.1M |
| Net cash from financing activities | -€138.0M | -€130.1M |
| Dividends paid | €600.0K | €3.5M |
| Lease liability payments | €22.2M | €24.2M |
| Balance sheet | ||
| Total assets | €3.03B | €2.76B |
| Non-current assets | €1.70B | €1.65B |
| Property, plant & equipment | €1.09B | €1.06B |
| Intangible assets & goodwill | €42.1M | €42.1M |
| Current assets | €1.33B | €1.11B |
| Cash & equivalents | €366.7M | €345.9M |
| Total equity | €1.69B | €1.46B |
| — attributable to owners | €992.8M | €816.3M |
| Non-controlling interests | €695.6M | €647.6M |
| Non-current liabilities | €588.0M | €822.5M |
| Long-term borrowings | €196.2M | €393.2M |
| Current liabilities | €755.7M | €476.3M |
| Current portion of long-term borrowings | €215.3M | €69.8M |
| Trade & other payables | €513.9M | €374.0M |
| Deferred tax liabilities | €168.8M | €176.5M |
| Derived metrics | ||
| Free cash flow | €191.9M | €211.2M |
| Operating margin | 8.8% | 7.2% |
| Net margin | 8.7% | 4.0% |
| Return on equity | 14.1% | 5.9% |
| Cash conversion ratio | 1.28× | 3.72× |
| Capex coverage | 2.71× | 2.89× |
| Other reported items | ||
| Adjustments For Decrease Increase In Inventories | -€81.2M | -€34.0M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -€111.7M | €2.6M |
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | €192.2M | €194.6M |
| Adjustments For Finance Costs | €19.5M | €45.0M |
| Adjustments For Finance Income | -€63.9M | -€7.7M |
| Adjustments For Increase Decrease In Trade and Other Payables | €127.7M | €34.5M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | -€3.6M | -€1.7M |
| Adjustments For Provisions | -€3.6M | €8.2M |
| Adjustments For Undistributed Profits of Associates | -€1.1M | €1.9M |
| Bank Overdrafts Classified As Cash Equivalents | €100.0K | €0 |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €0 | -€100.0K |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €0 | €5.7M |
| Changes In Equity | -€56.3M | -€41.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | €97.2M | €23.8M |
| Comprehensive Income Attributable To Owners of Parent | €183.6M | €48.0M |
| Current Derivative Financial Liabilities | €8.6M | €11.8M |
| Current Provisions For Employee Benefits | €1.5M | €1.8M |
| Current Tax Assets | €8.5M | €9.3M |
| Current Tax Liabilities | €2.7M | €3.7M |
| Deferred Tax Assets | €34.5M | €33.2M |
| Derivative Financial Assets | €600.0K | €0 |
| Dividends Received Classified As Operating Activities | €100.0K | €100.0K |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | €3.3M | -€2.2M |
| Equity and Liabilities | €3.03B | €2.76B |
| Finance Income | €63.9M | €7.7M |
| Gains Losses On Exchange Differences On Translation Net of Tax | €24.8M | -€14.7M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | €500.0K | -€100.0K |
| Income Tax Relating To Remeasurements of Defined Benefit Plans of Other Comprehensive Income | €1.2M | -€1.1M |
| Income Taxes Paid Refund Classified As Operating Activities | €49.8M | €32.2M |
| Increase Decrease In Cash and Cash Equivalents | €17.5M | €57.9M |
| Increase Decrease Through Transfers and Other Changes Equity | -€55.7M | -€33.3M |
| Increase Decrease Through Treasury Share Transactions | €0 | -€4.2M |
| Intangible Assets Other Than Goodwill | €401.6M | €469.8M |
| Interest Paid Classified As Financing Activities | €18.2M | €18.1M |
| Inventories Total | €486.2M | €393.4M |
| Investment Accounted For Using Equity Method | €19.2M | €20.0M |
| Issued Capital | €21.7M | €21.7M |
| Liabilities | €1.34B | €1.30B |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | €200.0K | €300.0K |
| Noncurrent Derivative Financial Liabilities | €20.7M | €25.3M |
| Noncurrent Payables | €4.1M | €14.5M |
| Noncurrent Provisions For Employee Benefits | €59.9M | €71.2M |
| Noncurrent Receivables | €16.1M | €14.4M |
| Other Comprehensive Income | €43.2M | -€14.9M |
| Other Comprehensive Income Before Tax Gains Losses On Hedging Instruments That Hedge Investments In Equity Instruments | €1.9M | -€200.0K |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | €18.0M | -€1.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Before Tax | €200.0K | -€200.0K |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | €26.4M | -€15.1M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | €16.7M | €100.0K |
| Other Financial Assets | €101.2M | €10.3M |
| Other Inflows Outflows of Cash Classified As Financing Activities | €3.2M | -€1.3M |
| Other Longterm Provisions | €138.3M | €141.8M |
| Other Operating Income Expense | -€30.9M | -€33.5M |
| Other Shortterm Provisions | €13.6M | €15.1M |
| Payments From Changes In Ownership Interests In Subsidiaries | €55.7M | €33.2M |
| Payments To Acquire Or Redeem Entitys Shares | €0 | €4.2M |
| Proceeds From Noncurrent Borrowings | €1.3M | €7.8M |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | €7.0M | €5.8M |
| Purchase of Interests In Investments Accounted For Using Equity Method | €0 | €2.0M |
| Repayments of Noncurrent Borrowings | €50.6M | €56.0M |
| Sales and Marketing Expense | €150.2M | €136.3M |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net of Tax | €0 | €0 |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | €1.1M | -€1.9M |
| Share Premium | €1.5M | €1.5M |
| Shortterm Investments Classified As Cash Equivalents | €10.0M | €20.0M |
| Trade and Other Receivables | €459.0M | €342.2M |
Methodology
Every line item above is a fact tagged in PICANOL's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.