Compagnie d'Entreprises CFE Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Compagnie d'Entreprises CFE (EBR:CFEB) Full Year 2023 Results

Key Financial Results

• Revenue: €1.27b (up 7.1% from FY 2022).
• Net income: €22.8m (down 41% from FY 2022).
• Profit margin: 1.8% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €0.92 (down from €1.53 in FY 2022).

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

Compagnie d'Entreprises CFE Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 15%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Construction industry in Europe.

Performance of the market in Belgium.

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

Risk Analysis

Be aware that Compagnie d'Entreprises CFE is showing 2 warning signs in our investment analysis that you should know about...

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