Ekopak Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

March 29, 2023

Ekopak (EBR:EKOP) Full Year 2022 Results

Key Financial Results

Revenue: €18.8m (up 68% from FY 2021).
Net loss: €1.99m (loss widened by 184% from FY 2021).
€0.13 loss per share (further deteriorated from €0.051 loss in FY 2021).

earnings-and-revenue-growth — ENXTBR:EKOP Earnings and Revenue Growth March 29th 2023

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

Ekopak Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in Europe.

Performance of the market in Belgium.

The company's shares are down 3.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Ekopak's balance sheet and an in-depth analysis of the company's financial position.

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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.