Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt Full Year 2023 Earnings: Beats Expectations

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt (BUSE:RICHTER) Full Year 2023 Results

Key Financial Results

• Revenue: Ft805.2b (flat on FY 2022).
• Net income: Ft158.9b (up 2.1% from FY 2022).
• Profit margin: 20% (in line with FY 2022).
• EPS: Ft860 (up from Ft835 in FY 2022).

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

Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Pharmaceuticals industry in Europe.

Performance of the market in Hungary.

The company's shares are down 1.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt that you need to be mindful of.

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