Vivara Participações Full Year 2023 Earnings: EPS Misses Expectations

Vivara Participações (BVMF:VIVA3) Full Year 2023 Results

Key Financial Results

• Revenue: R$2.19b (up 19% from FY 2022).
• Net income: R$369.2m (up 2.3% from FY 2022).
• Profit margin: 17% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: R$1.57 (up from R$1.53 in FY 2022).

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

Vivara Participações EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Brazil.

Performance of the Brazilian Luxury industry.

The company's shares are down 3.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Vivara Participações' balance sheet.

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