UBM Development Full Year 2023 Earnings: Misses Expectations

UBM Development (VIE:UBS) Full Year 2023 Results

Key Financial Results

• Revenue: €122.3m (down 8.7% from FY 2022).
• Net loss: €46.6m (down by 377% from €16.8m profit in FY 2022).
• €7.03 loss per share (down from €2.25 profit in FY 2022).

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

UBM Development Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Real Estate industry in Europe.

Performance of the market in Austria.

The company's shares are up 4.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for UBM Development (2 are 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.