Meyer Burger Technology Full Year 2023 Earnings: Misses Expectations
Meyer Burger Technology (VTX:MBTN) Full Year 2023 Results
Key Financial Results
Revenue: CHF135.0m (down 8.3% from FY 2022).
Net loss: CHF291.9m (loss widened by 318% from FY 2022).
CHF0.085 loss per share (further deteriorated from CHF0.025 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Meyer Burger Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 80%.
Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Europe.
Performance of the market in Switzerland.
The company's shares are down 19% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Meyer Burger Technology.
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