Tecan Group Full Year 2023 Earnings: EPS Beats Expectations
Tecan Group (VTX:TECN) Full Year 2023 Results
Key Financial Results
Revenue: CHF1.07b (down 6.1% from FY 2022).
Net income: CHF132.1m (up 9.0% from FY 2022).
Profit margin: 12% (up from 11% in FY 2022). The increase in margin was driven by lower expenses.
EPS: CHF10.34 (up from CHF9.53 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tecan Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.
The primary driver behind last 12 months revenue was the Partnering Business segment contributing a total revenue of CHF623.7m (58% of total revenue). Notably, cost of sales worth CHF683.9m amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CHF119.6m (46% of total expenses). Explore how TECN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Life Sciences industry in Switzerland.
Performance of the Swiss Life Sciences industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Tecan Group's balance sheet and an in-depth analysis of the company's financial position.
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