Nufarm Reports Full Year 2023 Earnings

Nufarm (ASX:NUF) Full Year 2023 Results

Key Financial Results

• Revenue: AU$3.48b (down 7.7% from FY 2022).
• Net income: AU$111.1m (up 11% from FY 2022).
• Profit margin: 3.2% (up from 2.6% in FY 2022). The increase in margin was driven by lower expenses.

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

Nufarm Earnings Insights

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Chemicals industry in Australia.

Performance of the Australian Chemicals industry.

The company's shares are up 7.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Nufarm's balance sheet health.

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