Ekopak Full Year 2023 Earnings: Misses Expectations

Ekopak (EBR:EKOP) Full Year 2023 Results

Key Financial Results

• Revenue: €36.0m (up 103% from FY 2022).
• Net loss: €3.08m (loss widened by 55% from FY 2022).
• €0.21 loss per share (further deteriorated from €0.13 loss in FY 2022).

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

Ekopak Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Commercial Services industry in Europe.

Performance of the market in Belgium.

The company's shares are up 2.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Ekopak's balance sheet and an in-depth analysis of the company's financial position.

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