Vienna Insurance Group Full Year 2022 Earnings: EPS Beats Expectations
Vienna Insurance Group (VIE:VIG) Full Year 2022 Results
Key Financial Results
- Revenue: €11.9b (up 12% from FY 2021).
- Net income: €465.9m (up 24% from FY 2021).
- Profit margin: 3.9% (up from 3.5% in FY 2021). The increase in margin was driven by higher revenue.
- EPS: €3.60 (up from €2.94 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vienna Insurance Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Insurance industry in Europe.
Performance of the market in Austria.
The company's shares are down 7.8% from a week ago.
Before you take the next step you should know about the 1 warning sign for Vienna Insurance Group that we have uncovered.
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Vienna Insurance Group
Vienna Insurance Group AG, together with its subsidiaries, provides various insurance products and services in life, health, and property and casualty areas in Central and Eastern Europe.
Undervalued with solid track record and pays a dividend.