Naftna Industrija Srbije a.d Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Naftna Industrija Srbije a.d (BELEX:NIIS) Full Year 2023 Results

Key Financial Results

• Revenue: дин412.1b (down 20% from FY 2022).
• Net income: дин44.7b (down 52% from FY 2022).
• Profit margin: 11% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: дин274 (down from дин567 in FY 2022).

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

Naftna Industrija Srbije a.d EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 24%. Earnings per share (EPS) exceeded analyst estimates by 61%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.3% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Europe.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Naftna Industrija Srbije a.d (1 is concerning!) that you should be aware of before investing here.

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