Envipco Holding Full Year 2023 Earnings: Beats Expectations

Envipco Holding (AMS:ENVI) Full Year 2023 Results

Key Financial Results

• Revenue: €87.6m (up 55% from FY 2022).
• Net income: €1.42m (up from €4.18m loss in FY 2022).
• Profit margin: 1.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: €0.027 (up from €0.091 loss in FY 2022).

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

Envipco Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates.

The primary driver behind last 12 months revenue was the Europe segment contributing a total revenue of €55.5m (63% of total revenue). Notably, cost of sales worth €57.0m amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €23.8m (81% of total expenses). Explore how ENVI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Machinery industry in Europe.

Performance of the market in the Netherlands.

The company's shares are up 17% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Envipco Holding has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.