Koninklijke Vopak Full Year 2023 Earnings: EPS Misses Expectations
Koninklijke Vopak (AMS:VPK) Full Year 2023 Results
Key Financial Results
Revenue: €1.52b (up 9.7% from FY 2022).
Net income: €455.7m (up from €168.4m loss in FY 2022).
Profit margin: 30% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
EPS: €3.63 (up from €1.34 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Koninklijke Vopak EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%.
Looking ahead, revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the Oil and Gas industry in Europe.
Performance of the market in the Netherlands.
The company's shares are up 14% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Koninklijke Vopak (1 can't be ignored!) that you should be aware of.
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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.
