SMA Solar Technology Full Year 2023 Earnings: Beats Expectations
SMA Solar Technology (ETR:S92) Full Year 2023 Results
Key Financial Results
Revenue: €1.90b (up 79% from FY 2022).
Net income: €225.7m (up 304% from FY 2022).
Profit margin: 12% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue.
EPS: €6.50 (up from €1.61 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SMA Solar Technology Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%.
Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Semiconductor industry in Germany.
Performance of the German Semiconductor industry.
The company's shares are down 1.9% from a week ago.
Valuation
Our analysis of SMA Solar Technology based on 6 different valuation metrics shows it might be undervalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
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