Vestum Full Year 2023 Earnings: Misses Expectations

Vestum (STO:VESTUM) Full Year 2023 Results

Key Financial Results

• Revenue: kr5.76b (up 12% from FY 2022).
• Net income: kr102.0m (up 6.3% from FY 2022).
• Profit margin: 1.8% (down from 1.9% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: kr0.27 (up from kr0.26 in FY 2022).

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

Vestum Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Construction industry in Sweden.

Performance of the Swedish Construction industry.

The company's shares are down 12% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Vestum's balance sheet and an in-depth analysis of the company's financial position.

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