Meyer Burger Technology Full Year 2022 Earnings: Revenues Disappoint
Meyer Burger Technology (VTX:MBTN) Full Year 2022 Results
Key Financial Results
Revenue: CHF156.3m (up 292% from FY 2021).
Net loss: CHF69.9m (loss narrowed by 31% from FY 2021).
CHF0.02 loss per share (improved from CHF0.039 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Meyer Burger Technology Revenues Disappoint
Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe.
Performance of the market in Switzerland.
The company's shares are up 7.8% from a week ago.
Before we wrap up, we've discovered 2 warning signs for Meyer Burger Technology (1 doesn't sit too well with us!) 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.
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