Vertiseit Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Vertiseit (STO:VERT B) Full Year 2023 Results

Key Financial Results

Revenue: kr347.6m (up 11% from FY 2022).
Net income: kr11.9m (up 33% from FY 2022).
Profit margin: 3.4% (up from 2.8% in FY 2022).
EPS: kr0.58 (up from kr0.45 in FY 2022).

earnings-and-revenue-growth — OM:VERT B Earnings and Revenue Growth April 12th 2024

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

Vertiseit Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Sweden.

Performance of the Swedish IT industry.

The company's shares are up 7.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Vertiseit (1 is significant!) that you need to take into consideration.

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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.