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Financial statements

Codere Online Luxembourg, S.A. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Codere Online Luxembourg, S.A. files with the SEC in its annual reports.

In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2021FY2021FY2022FY2023FY2024
Revenue61.670.580.3116162201
Cost of revenue61.670.522.5-22.52932
Gross profit0057.7138133169
Operating income-15.9-14.2-71-55.9-14.84.33
Pre-tax income16.1-14.8-67-43.4-8.935.37
Income tax0.051.510.972.97-6.511.46
Net income to minority interests0.1-0.010.05-000
Net income-16.1-16.3-68.1-46.4-2.423.91
EBITDA-14.7-13.3-70.3-55.3-14.64.72
EPS, basic-3.63-3.65-10.18-1.03-0.050.09
EPS, diluted-3.63-3.65-10.18-1.03-0.050.08

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024
Cash and equivalents8.0210.994.953.841.340.3
Receivables0.941.933.361.452.25
Total current assets17.310568.365.362.9
Property, plant and equipment0.110.130.20.330.45
Lease right-of-use assets0.011.96
Intangible assets1.130.470.010.01
Total assets18.510569.373.874.5
Accounts payable28.638.54741.2
Total current liabilities3731.642.852.145
Lease liabilities1.64
Total liabilities58.537.144.852.550.3
Total debt21.4
Shareholders' equity-406824.421.124.1
Minority interests0.090.150.150.150.15
Total equity-31.3-39.968.224.521.324.2
Total liabilities and equity18.510569.373.874.5

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024
Net income-16.1-16.3-68-46.4-2.423.91
Depreciation and amortization1.190.930.720.560.110.39
Capital expenditures-0.08-0.06-0.08-0.16-0.25-0.26
Cash from investing-0.28-0.07-0.08-0.16-0.25-0.26
Cash from financing6.810.2589.81.33-2.04
Exchange rate effect0.09-0.73-0.051.42-2.04-2.62
Net change in cash5.33.6184.1-42.5-10.51.65

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin84.1%Gross profit / revenue.
Operating margin2.2%Operating income / revenue.
EBITDA margin2.4%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin2.7%Pre-tax income / revenue.
Net margin1.9%Net income / revenue.
Effective tax rate27.2%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)17.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)5.3%Net income / average total assets.
Capex / revenue0.1%Capital expenditures / revenue.
D&A / revenue0.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y24.2%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y35.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y26.7%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y27.2%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y43.0%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y13.9%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-29.3%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y1.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-10.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.40xCurrent assets / current liabilities.
Quick ratio0.95x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.90x(Cash + short-term investments) / current liabilities.
Liabilities / assets67.5%Total liabilities / total assets.
Working capital€18.0MCurrent assets - current liabilities.
Tangible book value€24.1MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover2.71xRevenue / average total assets.
Fixed asset turnover512xRevenue / average property, plant and equipment.
Receivables turnover109xRevenue / average receivables.
Days sales outstanding3 days365 x average receivables / revenue.
Days payables503 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted€0.08Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic€0.09Net income per basic share, as reported (split-adjusted).
What was Codere Online Luxembourg, S.A.'s revenue in fiscal 2024?

Codere Online Luxembourg, S.A. reported revenue of €200.7M for fiscal 2024, 24.2% higher than the year before.

Was Codere Online Luxembourg, S.A. profitable in fiscal 2024?

Yes. Net income was €3.9M, a net margin of 1.9%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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