Friedrich Vorwerk Group Full Year 2023 Earnings: Beats Expectations
Friedrich Vorwerk Group (ETR:VH2) Full Year 2023 Results
Key Financial Results
Revenue: €395.4m (up 7.0% from FY 2022).
Net income: €10.1m (down 41% from FY 2022).
Profit margin: 2.6% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: €0.51 (down from €0.86 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Friedrich Vorwerk Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 52%.
Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat.
Performance of the German Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Friedrich Vorwerk Group you should be aware of.
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