Also trades as: 0NNC.L (LSE) · $vol 0M

€6.11 ($6.88)

+0.04 (+0.66%)

Weekly Expected Move ±3.1%

€6 €6 €6 €6 €6

MIL · Consumer Cyclical · Packaging & Containers · Tech Score Strong Sell · Power 32 · €539.3M mcap · 32M float · 0.387% daily turnover

Revenue

$445M -2.1% ▼

5Y CAGR: +7.7%

Gross Profit

$26M -85.0% ▼

5Y CAGR: -28.3%

Operating Income

$27M -56.0% ▼

5Y CAGR: -1.3%

Net Income

$27M -47.3% ▼

5Y CAGR: -9.7%

EPS (Diluted)

$0.31 -47.5% ▼

5Y CAGR: -9.8%

EBITDA

$79M -32.5% ▼

5Y CAGR: +3.1%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$362M	$469M	$520M	$455M	$445M
YoY Growth	+18.2%	+29.4%	+10.9%	-12.6%	-2.1%
Cost of Revenue	$197M	$292M	$278M	$278M	$418M
Gross Profit	$166M	$176M	$242M	$177M	$26M
Gross Margin	45.8%	37.6%	46.6%	38.9%	6.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$71M	$76M	$85M	$85M	$5M
Operating Expenses	$93M	$83M	$92M	$115M	-$425K
Operating Income	$50M	$52M	$150M	$61M	$27M
Operating Margin	13.8%	11.1%	28.8%	13.5%	6.1%
Interest Expense	$819K	$1M	$10M	$12M	$8M
Income Before Tax	$71M	$92M	$141M	$51M	$32M
Tax Expense	$11M	$5M	$18M	-$312K	$4M
Net Income	$60M	$87M	$122M	$52M	$27M
Net Margin	16.6%	18.5%	23.5%	11.4%	6.1%
EPS (Diluted)	$0.68	$0.97	$1.38	$0.59	$0.31
EBITDA	$95M	$108M	$206M	$117M	$79M
Shares Outstanding	88M	89M	89M	88M	88M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$109M	$103M	$115M	$112M	$109M	$108M	$109M	$114M
Cost of Revenue	$69M	$193M	$33M	$117M	$25M	$243M	$103M	$104M
Gross Profit	$40M	-$91M	$82M	-$5M	$84M	-$134M	$6M	$10M
Gross Margin	36.4%	-88.3%	71.1%	-4.5%	76.8%	-124.3%	5.2%	9.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$925K	$20M	$1M	$0	$0	$1M	$1M	$1M
Operating Expenses	$29M	-$108M	$79M	-$15M	$77M	-$141M	-$530K	-$111K
Operating Income	$10M	$17M	$3M	$10M	$7M	$7M	$6M	$10M
Operating Margin	9.4%	16.7%	2.4%	9.2%	6.3%	6.5%	5.7%	9.1%
Interest Expense	$4M	$3M	$2M	$2M	$2M	$2M	$2M	$2M
Income Before Tax	$7M	$15M	$952K	$8M	$5M	$18M	$8M	$11M
Tax Expense	$692K	-$5M	$58K	$9K	$751K	$3M	$2M	$1M
Net Income	$6M	$20M	$1M	$8M	$4M	$14M	$6M	$10M
Net Margin	5.5%	19.1%	1.0%	6.8%	4.0%	13.1%	5.7%	8.9%
EPS (Diluted)	$0.07	$0.22	$0.01	$0.09	$0.05	$0.16	$0.07	$0.11
EBITDA	$25M	$30M	$17M	$23M	$21M	$18M	$23M	$21M
Shares Outstanding	89M	88M	88M	88M	87M	88M	88M	88M

ZV.MI MIL