Income Statement FIDUCIAL Office Solutions

Stocks

SACI

FR0000061418

Office Equipment

Market Closed - Euronext Paris 18:55:00 01/10/2026 +03			5-day change	1st Jan Change
36.00 ^EUR	+2.27%		+2.27%	+34.33%

07-08	Fiducial Sofiral proposed to acquire remaining 0.2% stake in Fiducial Office Solutions for ?0.15 million.	CI
07-01	MLCC Prices Surge as AI Supply Chain Faces New Bottleneck

55f5bb748b160b12a8204e53eb87.W6_eZ4ai8FRTOywhty96LqPJqSMcF5Nw_J-3VUdlAbc.Ct2XDbHQlWUhSGMYmhwdXvCkxE1_cuc4t8jmMz8ub9kf5e44xNKnYTBhWw

Published financial data: FIDUCIAL OFFICE SOLUTIONS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	192M	215M	222M	205M	183M
Total Revenues	192M	215M	222M	205M	183M
Cost of Goods Sold, Total	120M	140M	144M	129M	118M
Gross Profit	71.68M	75.3M	78.52M	76.37M	65.04M
Selling General & Admin Expenses, Total	61.02M	68.26M	67.74M	69.19M	65.22M
Depreciation & Amortization - (IS)	7.77M	3.01M	4.3M	2.88M	2.25M
Other Operating Expenses	-2M	1.22M	1.36M	1.51M	-75K
Other Operating Expenses, Total	66.79M	72.5M	73.4M	73.58M	67.39M
Operating Income	4.89M	2.8M	5.12M	2.79M	-2.35M
Interest Expense, Total	-124K	-178K	-109K	-	-
Net Interest Expenses	-124K	-178K	-109K	-	-
Other Non Operating Income (Expenses)	12K	-3K	-98K	523K	-50K
EBT, Excl. Unusual Items	4.78M	2.62M	4.92M	3.31M	-2.4M
Impairment of Goodwill	-	-160K	-160K	-160K	-160K
Gain (Loss) On Sale Of Assets	-31K	13K	7K	85K	9K
Asset Writedown	-397K	-48K	-1K	-162K	-7K
Legal Settlements	-	-	-	-	-
Other Unusual Items	-1.96M	-517K	-2.12M	-638K	-356K
EBT, Incl. Unusual Items	2.39M	1.91M	2.64M	2.44M	-2.92M
Income Tax Expense	-17K	19K	19K	20K	16K
Earnings From Continuing Operations	2.41M	1.89M	2.62M	2.42M	-2.93M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	2.41M	1.89M	2.62M	2.42M	-2.93M
Net Income - (IS)	2.41M	1.89M	2.62M	2.42M	-2.93M
Net Income to Common Incl Extra Items	2.41M	1.89M	2.62M	2.42M	-2.93M
Net Income to Common Excl. Extra Items	2.41M	1.89M	2.62M	2.42M	-2.93M
Per Share Items
Net EPS - Basic	1.11	0.87	1.21	1.11	-1.35
Basic EPS - Continuing Operations	1.11	0.87	1.21	1.11	-1.35
Basic Weighted Average Shares Outstanding	2.17M	2.17M	2.17M	2.17M	2.17M
Net EPS - Diluted	1.11	0.87	1.21	1.11	-1.35
Diluted EPS - Continuing Operations	1.11	0.87	1.21	1.11	-1.35
Diluted Weighted Average Shares Outstanding	2.17M	2.17M	2.17M	2.17M	2.17M
Normalized Basic EPS	1.38	0.75	1.42	0.95	-0.69
Normalized Diluted EPS	1.38	0.75	1.42	0.95	-0.69
Dividend Per Share	-	-	0.7	0.7	-
Payout Ratio	-	-	38.03	62.81	-51.79
Supplemental Items
EBITDA	5.8M	3.68M	6.88M	3.39M	-1.62M
EBITA	4.9M	2.81M	5.12M	2.79M	-2.35M
EBIT	4.89M	2.8M	5.12M	2.79M	-2.35M
Effective Tax Rate - (Ratio)	-0.71	1	0.72	0.82	-0.55
Total Current Taxes	8K	9K	7K	10K	11K
Total Deferred Taxes	-25K	10K	12K	10K	5K
Normalized Net Income	2.99M	1.64M	3.07M	2.07M	-1.5M
Non-Cash Pension Expense	26K	282K	29K	27K	6K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	1.42M	1.04M	3.78M	1.14M	1.91M
Total Cash And Short Term Investments	1.42M	1.04M	3.78M	1.14M	1.91M
Accounts Receivable, Total	40.25M	46.12M	44.09M	24.8M	22.38M
Other Receivables	18.7M	11.35M	5.8M	17.52M	9.75M
Total Receivables	58.95M	57.48M	49.9M	42.32M	32.13M
Inventory	16.78M	18.97M	18.52M	16.47M	19.32M
Prepaid Expenses	1.7M	1.4M	2.12M	2.67M	1.26M
Other Current Assets, Total	61K	177K	941K	2.37M	4.25M
Total Current Assets	78.92M	79.06M	75.26M	64.97M	58.86M
Gross Property Plant And Equipment	24.81M	23.5M	24.97M	25.33M	28.24M
Accumulated Depreciation	-16.91M	-16.1M	-18.64M	-18.7M	-20.27M
Net Property Plant And Equipment	7.9M	7.4M	6.32M	6.63M	7.97M
Long-term Investments	7K	7K	7K	7K	7K
Goodwill	56.52M	56.36M	56.2M	56.04M	55.88M
Other Intangibles, Total	114K	110K	109K	108K	109K
Loans Receivable Long-Term	1.84M	1.89M	1.98M	2.07M	1.94M
Other Long-Term Assets, Total	2.56M	2.26M	1.3M	1.33M	1.28M
Total Assets	148M	147M	141M	131M	126M
Liabilities
Accounts Payable, Total	31.51M	30.47M	31.33M	27.93M	25.96M
Accrued Expenses, Total	9.09M	5.55M	4.29M	4.27M	4.22M
Short-term Borrowings	574K	1.12M	2.26M	13K	42K
Current Portion of Long-Term Debt	-	-	325K	-	-
Current Portion of Leases	3.08M	3.07M	2.55M	2.31M	3.04M
Current Income Taxes Payable	4.14M	4.54M	3.44M	3.48M	2.9M
Other Current Liabilities	15.25M	16.51M	9.94M	4.29M	5.04M
Total Current Liabilities	63.64M	61.25M	54.14M	42.29M	41.19M
Long-Term Debt	-	-	874K	-	-
Long-Term Leases	4.14M	3.62M	2.11M	3.64M	4.19M
Pension & Other Post Retirement Benefits	1.75M	1.45M	1.41M	1.53M	1.46M
Deferred Tax Liability Non Current	265K	274K	286K	296K	301K
Other Non Current Liabilities	1.25M	1.22M	1.4M	1.67M	1.55M
Total Liabilities	71.05M	67.81M	60.22M	49.42M	48.7M
Common Stock, Total	22M	22M	22M	22M	22M
Retained Earnings	2.41M	1.89M	2.62M	2.42M	-2.93M
Comprehensive Income and Other	52.4M	55.38M	56.32M	57.31M	58.27M
Total Common Equity	76.81M	79.27M	80.95M	81.73M	77.34M
Total Equity	76.81M	79.27M	80.95M	81.73M	77.34M
Total Liabilities And Equity	148M	147M	141M	131M	126M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.17M	2.17M	2.17M	2.17M	2.17M
ECS Total Common Shares Outstanding	2.17M	2.17M	2.17M	2.17M	2.17M
Book Value / Share	35.41	36.54	37.32	37.68	35.65
Tangible Book Value	20.18M	22.8M	24.64M	25.58M	21.35M
Tangible Book Value Per Share	9.3	10.51	11.36	11.79	9.84
Total Debt	7.8M	7.8M	8.12M	5.96M	7.28M
Net Debt	6.37M	6.76M	4.33M	4.82M	5.37M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	205K	239K	195K	182K	206K
Inventories - Finished Goods, Total	20.93M	22.41M	22.34M	20.45M	22.68M
Land - (BS)	-	-	-	-	-
Machinery, Total	5.66M	5.09M	6.26M	5.35M	5.42M
Full Time Employees	671	661	641	660	627
Part Time Employees	19	20	17	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	807K	880K	1.23M	816K	563K

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	2.41M	1.89M	2.62M	2.42M	-2.93M
Depreciation & Amortization - CF	3.82M	3.81M	4.66M	3.46M	2.3M
Amortization of Goodwill and Intangible Assets - (CF)	10K	7K	-	-	-
Depreciation & Amortization, Total	3.84M	3.82M	4.66M	3.46M	2.3M
(Gain) Loss From Sale Of Asset	31K	-13K	-7K	-85K	-9K
(Gain) Loss on Sale of Investments - (CF)	-32K	-	-	-	-
Asset Writedown & Restructuring Costs	397K	208K	161K	162K	167K
Provision and Write-off of Bad Debts	20K	73K	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	1.81M	-217K	11K	10K	5K
Change In Accounts Receivable	-	-	-	-	2.68M
Change In Inventories	-	-	-	-	-2.26M
Change In Accounts Payable	-	-	-	-	-1.97M
Change In Income Taxes	-	-	-	-	-642K
Change in Other Net Operating Assets	4.35M	-17.56M	4.79M	19M	-260K
Cash from Operations	12.82M	-11.8M	12.23M	24.96M	-2.93M
Capital Expenditure	-3.38M	-1.64M	-1.14M	-2.26M	-1.87M
Sale of Property, Plant, and Equipment	8K	32K	53K	114K	9K
Cash Acquisitions	-	-	-	-	-
Divestitures	5.86M	-	-	-	-
Sale (Purchase) of Intangible assets	-3K	-3K	-	-	-
Investment in Marketable and Equity Securities, Total	303K	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-90K	-43K	-91K	-93K	134K
Other Investing Activities, Total	-315K	-17K	-41K	-40K	52K
Cash from Investing	2.38M	-1.67M	-1.21M	-2.28M	-1.67M
Long-Term Debt Issued, Total	2.4M	1.35M	1.92M	1.71M	1.58M
Total Debt Issued	2.4M	1.35M	1.92M	1.71M	1.58M
Long-Term Debt Repaid, Total	-4.09M	-16.15M	-3.61M	-3.16M	-3.03M
Total Debt Repaid	-4.09M	-16.15M	-3.61M	-3.16M	-3.03M
Common Dividends Paid	-	-	-998K	-1.52M	-1.52M
Common & Preferred Stock Dividends Paid	-	-	-998K	-1.52M	-1.52M
Other Financing Activities, Total	-14.12M	27.26M	-6.97M	-20.11M	8.3M
Cash from Financing	-15.8M	12.46M	-9.66M	-23.07M	5.34M
Net Change in Cash	-603K	-1.02M	1.36M	-393K	737K
Supplemental Items
Levered Free Cash Flow	2.59M	12.92M	5.15M	1.56M	3.96M
Unlevered Free Cash Flow	2.67M	13.03M	5.22M	1.56M	3.96M
Change In Net Working Capital	839K	-9.1M	1.5M	1.38M	-5M
Net Debt Issued / Repaid	-1.68M	-14.81M	-1.69M	-1.45M	-1.45M

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	2.16	1.19	2.22	1.28	-1.14
Return on Total Capital	3.71	1.9	3.64	1.97	-1.71
Return On Equity %	3.18	2.42	3.28	2.97	-3.69
Return on Common Equity	3.18	2.42	3.28	2.97	-3.69
Margin Analysis
Gross Profit Margin %	37.4	35.02	35.36	37.24	35.58
SG&A Margin	31.84	31.74	30.5	33.74	35.68
EBITDA Margin %	3.03	1.71	3.1	1.66	-0.89
EBITA Margin %	2.56	1.31	2.31	1.36	-1.29
EBIT Margin %	2.55	1.3	2.31	1.36	-1.29
Income From Continuing Operations Margin %	1.26	0.88	1.18	1.18	-1.6
Net Income Margin %	1.26	0.88	1.18	1.18	-1.6
Net Avail. For Common Margin %	1.26	0.88	1.18	1.18	-1.6
Normalized Net Income Margin	1.56	0.76	1.38	1.01	-0.82
Levered Free Cash Flow Margin	1.35	6.01	2.32	0.76	2.17
Unlevered Free Cash Flow Margin	1.39	6.06	2.35	0.76	2.17
Asset Turnover
Asset Turnover	1.35	1.46	1.54	1.51	1.42
Fixed Assets Turnover	26.61	28.11	32.38	31.67	25.04
Receivables Turnover (Average Receivables)	5.05	4.98	4.92	5.95	7.75
Inventory Turnover (Average Inventory)	6.88	7.82	7.66	7.36	6.58
Short Term Liquidity
Current Ratio	1.24	1.29	1.39	1.54	1.43
Quick Ratio	0.95	0.96	0.99	1.03	0.83
Operating Cash Flow to Current Liabilities	0.2	-0.19	0.23	0.59	-0.07
Days Sales Outstanding (Average Receivables)	72.34	73.3	74.14	61.48	47.11
Days Outstanding Inventory (Average Inventory)	53.02	46.68	47.65	49.75	55.46
Average Days Payable Outstanding	90.14	79.7	78.81	85.63	81.54
Cash Conversion Cycle (Average Days)	35.22	40.28	42.98	25.6	21.02
Long Term Solvency
Total Debt/Equity	10.15	9.84	10.03	7.29	9.41
Total Debt / Total Capital	9.22	8.96	9.11	6.79	8.6
LT Debt/Equity	5.39	4.57	3.69	4.45	5.42
Long-Term Debt / Total Capital	4.9	4.16	3.35	4.15	4.95
Total Liabilities / Total Assets	48.05	46.1	42.66	37.68	38.64
EBIT / Interest Expense	39.44	15.73	47	-	-
EBITDA / Interest Expense	70.37	37.17	89.73	-	-
(EBITDA - Capex) / Interest Expense	43.1	27.98	79.32	-	-
Total Debt / EBITDA	0.89	1.18	0.83	0.95	6.09
Net Debt / EBITDA	0.73	1.02	0.44	0.77	4.49
Total Debt / (EBITDA - Capex)	1.46	1.57	0.94	1.49	-10.82
Net Debt / (EBITDA - Capex)	1.19	1.36	0.5	1.21	-7.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.52	12.21	3.27	-7.66	-10.86
Gross Profit, 1 Yr. Growth %	10.22	5.05	4.28	-2.74	-14.83
EBITDA, 1 Yr. Growth %	3.26	-57.82	6.45	-65.3	-127.32
EBITA, 1 Yr. Growth %	142.86	-42.61	97.65	-45.57	-195.3
EBIT, 1 Yr. Growth %	142.37	-42.75	97.65	-45.57	-195.3
Earnings From Cont. Operations, 1 Yr. Growth %	117.34	-21.53	38.98	-7.89	-221.27
Net Income, 1 Yr. Growth %	86.22	-21.53	38.98	-7.89	-221.27
Normalized Net Income, 1 Yr. Growth %	157.91	-45.2	103.9	-32.64	-180.3
Diluted EPS Before Extra, 1 Yr. Growth %	117.34	-21.56	39.04	-8.24	-221.73
Accounts Receivable, 1 Yr. Growth %	12.69	14.6	-4.4	-43.75	-9.77
Inventory, 1 Yr. Growth %	-7.15	13.03	-2.37	-11.07	17.3
Net Property, Plant and Equip., 1 Yr. Growth %	21.46	-6.38	-14.53	4.87	20.18
Total Assets, 1 Yr. Growth %	9.51	-0.52	-4.02	-7.1	-3.9
Tangible Book Value, 1 Yr. Growth %	5.25	13.03	8.05	3.81	-16.51
Common Equity, 1 Yr. Growth %	3.33	3.21	2.11	0.96	-5.36
Cash From Operations, 1 Yr. Growth %	3.38K	-212.16	-203.64	104	-111.73
Capital Expenditures, 1 Yr. Growth %	-52.05	-51.63	-30.62	98.77	-17.24
Levered Free Cash Flow, 1 Yr. Growth %	-127.34	-229.61	-59.87	-69.75	191.97
Unlevered Free Cash Flow, 1 Yr. Growth %	-128.44	-231.75	-59.69	-70.14	191.97
Dividend Per Share, 1 Yr. Growth %	-	-	-	0	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.41	10.86	7.65	-2.35	-9.28
Gross Profit, 2 Yr. CAGR %	0.8	7.6	4.66	0.71	-8.99
EBITDA, 2 Yr. CAGR %	35.13	-19.08	-11.21	-27.53	-59.32
EBITA, 2 Yr. CAGR %	47.49	17.94	2.34	3.73	-32.26
EBIT, 2 Yr. CAGR %	47.34	17.79	2.34	3.73	-32.26
Earnings From Cont. Operations, 2 Yr. CAGR %	19.49	30.6	4.43	13.15	5.69
Net Income, 2 Yr. CAGR %	19.49	20.88	4.43	13.15	5.69
Normalized Net Income, 2 Yr. CAGR %	48.47	18.89	1.42	17.21	-30.12
Diluted EPS Before Extra, 2 Yr. CAGR %	19.49	30.57	4.43	12.95	5.69
Accounts Receivable, 2 Yr. CAGR %	-6.9	13.64	4.67	-26.67	-28.76
Inventory, 2 Yr. CAGR %	15.7	2.44	5.05	-6.82	2.13
Net Property, Plant and Equip., 2 Yr. CAGR %	60.61	6.64	-10.55	-5.33	12.27
Total Assets, 2 Yr. CAGR %	7.17	4.37	-2.29	-5.57	-5.51
Tangible Book Value, 2 Yr. CAGR %	38.18	9.07	10.51	5.91	-6.9
Common Equity, 2 Yr. CAGR %	2.56	3.27	2.66	1.54	-2.25
Cash From Operations, 2 Yr. CAGR %	1.74	466.33	7.82	45.41	-51.08
Capital Expenditures, 2 Yr. CAGR %	621.32	-51.84	-42.07	17.43	28.25
Levered Free Cash Flow, 2 Yr. CAGR %	-13.24	16.77	-28.09	-65.16	-12.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	-12.74	17.85	-27.33	-65.31	-12.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.74	3.63	8.27	2.28	-5.27
Gross Profit, 3 Yr. CAGR %	2.56	2.2	6.48	2.13	-4.76
EBITDA, 3 Yr. CAGR %	24.05	5.01	6.96	-27	-36.97
EBITA, 3 Yr. CAGR %	34.17	7.6	36.42	-17.08	-3.2
EBIT, 3 Yr. CAGR %	34.08	7.51	36.42	-17.08	-3.2
Earnings From Cont. Operations, 3 Yr. CAGR %	19.64	3.86	33.33	0.15	15.79
Net Income, 3 Yr. CAGR %	19.64	3.86	26.64	0.15	15.79
Normalized Net Income, 3 Yr. CAGR %	35.36	6.5	38.43	-11.51	-0.14
Diluted EPS Before Extra, 3 Yr. CAGR %	19.64	3.85	33.33	0.03	15.81
Accounts Receivable, 3 Yr. CAGR %	-2.17	-0.22	7.28	-14.9	-21.42
Inventory, 3 Yr. CAGR %	11.19	14.8	0.81	-0.63	0.61
Net Property, Plant and Equip., 3 Yr. CAGR %	28.48	34.16	-0.95	-5.68	2.51
Total Assets, 3 Yr. CAGR %	5.43	4.54	1.5	-3.92	-5.02
Tangible Book Value, 3 Yr. CAGR %	18.57	29.23	8.73	8.23	-2.17
Common Equity, 3 Yr. CAGR %	0.87	2.78	2.88	2.09	-0.82
Cash From Operations, 3 Yr. CAGR %	228.69	-1.59	221.54	33.35	-37.17
Capital Expenditures, 3 Yr. CAGR %	131.39	193.06	-45.61	-12.62	4.5
Levered Free Cash Flow, 3 Yr. CAGR %	-1	55.42	-18.37	-46.12	-32.41
Unlevered Free Cash Flow, 3 Yr. CAGR %	-0.98	54.92	-17.74	-45.98	-32.61
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.89	3.55	3.45	1.2	0.88
Gross Profit, 5 Yr. CAGR %	1.11	2.67	3.4	1.6	0
EBITDA, 5 Yr. CAGR %	12.59	-2.07	17.74	1.32	-22.05
EBITA, 5 Yr. CAGR %	14.4	-2.33	20.35	4.36	3.1
EBIT, 5 Yr. CAGR %	14.36	-2.38	20.35	4.36	3.1
Earnings From Cont. Operations, 5 Yr. CAGR %	3.57	-2.11	13.31	7.48	21.5
Net Income, 5 Yr. CAGR %	3.57	-2.11	13.31	7.48	17.8
Normalized Net Income, 5 Yr. CAGR %	7.32	-2.87	20.6	8.84	5.32
Diluted EPS Before Extra, 5 Yr. CAGR %	3.59	-2.11	13.31	7.4	21.5
Accounts Receivable, 5 Yr. CAGR %	0.55	2.28	0.51	-11.79	-8.92
Inventory, 5 Yr. CAGR %	6.14	10.99	8.69	5.61	1.34
Net Property, Plant and Equip., 5 Yr. CAGR %	34.55	11.77	11.16	16.7	4.14
Total Assets, 5 Yr. CAGR %	4.1	3.4	2.27	0.37	-1.37
Tangible Book Value, 5 Yr. CAGR %	13.02	11.07	15.28	19.34	2.18
Common Equity, 5 Yr. CAGR %	0.72	0.73	1.58	2.28	0.8
Cash From Operations, 5 Yr. CAGR %	44.74	43.1	102.3	15.04	51.41
Capital Expenditures, 5 Yr. CAGR %	42.98	-12.22	32.97	103.28	-23.34
Levered Free Cash Flow, 5 Yr. CAGR %	34.48	73.95	14.06	-14.64	-15.99
Unlevered Free Cash Flow, 5 Yr. CAGR %	30.6	77.61	13.7	-14.95	-15.82