Belysse Group Full Year 2023 Earnings: Misses Expectations

Belysse Group (EBR:BELYS) Full Year 2023 Results

Key Financial Results

• Revenue: €300.9m (down 11% from FY 2022).
• Net loss: €11.1m (loss narrowed by 17% from FY 2022).
• €0.31 loss per share (improved from €0.37 loss in FY 2022).

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

Belysse Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 130%.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Europe.

Performance of the market in Belgium.

The company's shares are up 4.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Belysse Group (1 can't be ignored!) 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.