KBC Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

KBC Group (EBR:KBC) Full Year 2023 Results

Key Financial Results

• Revenue: €11.2b (up 37% from FY 2022).
• Net income: €3.40b (up 26% from FY 2022).
• Profit margin: 30% (down from 33% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €8.04 (up from €6.46 in FY 2022).

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

KBC Group Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Banks industry in Europe.

Performance of the market in Belgium.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for KBC Group (1 makes us a bit uncomfortable) you should be aware of.

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