Altri SGPS Full Year 2023 Earnings: EPS: €0.21 (vs €0.74 in FY 2022)

Altri SGPS (ELI:ALTR) Full Year 2023 Results

Key Financial Results

• Revenue: €752.4m (down 28% from FY 2022).
• Net income: €42.8m (down 72% from FY 2022).
• Profit margin: 5.7% (down from 14% in FY 2022).
• EPS: €0.21 (down from €0.74 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Altri SGPS Earnings Insights

In the last 12 months, the only revenue segment was The Production and Commercialization of Cellulosic Fibers contributing €752.4m. Notably, cost of sales worth €594.4m amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €67.0m (58% of total expenses). Explore how ALTR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Forestry industry in Europe.

Performance of the market in Portugal.

The company's shares are down 4.1% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Altri SGPS (including 2 which are a bit concerning).

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