Vonovia Full Year 2023 Earnings: EPS Misses Expectations
Vonovia (ETR:VNA) Full Year 2023 Results
Key Financial Results
Revenue: €6.10b (down 29% from FY 2022).
Net loss: €6.14b (loss widened by €5.49b from FY 2022).
€7.62 loss per share (further deteriorated from €0.82 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vonovia EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is expected to fall by 24% p.a. on average during the next 3 years compared to a 18% decline forecast for the Real Estate industry in Germany.
Performance of the German Real Estate industry.
The company's shares are down 11% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Vonovia (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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