ElringKlinger Full Year 2023 Earnings: EPS Beats Expectations
ElringKlinger (ETR:ZIL2) Full Year 2023 Results
Key Financial Results
Revenue: €1.85b (up 2.7% from FY 2022).
Net income: €39.3m (up from €89.1m loss in FY 2022).
Profit margin: 2.1% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
EPS: €0.62 (up from €1.41 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ElringKlinger EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Auto Components industry in Germany.
Performance of the German Auto Components industry.
The company's shares are up 15% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for ElringKlinger that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
