Raketech Group Holding Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Raketech Group Holding (STO:RAKE) Full Year 2023 Results

Key Financial Results

• Revenue: €77.7m (up 48% from FY 2022).
• Net income: €6.61m (down 21% from FY 2022).
• Profit margin: 8.5% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €0.16 (down from €0.20 in FY 2022).

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

Raketech Group Holding Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Sweden.

Performance of the Swedish Hospitality industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Raketech Group Holding that you need to be mindful of.

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