Ramada Investimentos e Industria Full Year 2023 Earnings: EPS Beats Expectations

Ramada Investimentos e Industria (ELI:RAM) Full Year 2023 Results

Key Financial Results

• Revenue: €141.0m (down 27% from FY 2022).
• Net income: €10.4m (down 48% from FY 2022).
• Profit margin: 7.4% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: €0.41 (down from €0.78 in FY 2022).

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

Ramada Investimentos e Industria EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.

The primary driver behind last 12 months revenue was the Industry segment contributing a total revenue of €133.3m (95% of total revenue). Notably, cost of sales worth €107.1m amounted to 76% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €15.2m (65% of total expenses). Explore how RAM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in Europe.

Performance of the market in Portugal.

The company's shares are up 2.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Ramada Investimentos e Industria that you should be aware of.

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