NV Bekaert Full Year 2023 Earnings: Misses Expectations

NV Bekaert (EBR:BEKB) Full Year 2023 Results

Key Financial Results

• Revenue: €4.33b (down 14% from FY 2022).
• Net income: €254.6m (up 7.3% from FY 2022).
• Profit margin: 5.9% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: €4.75 (up from €4.22 in FY 2022).

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

NV Bekaert Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Metals and Mining industry in Europe.

Performance of the market in Belgium.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that NV Bekaert is showing 2 warning signs in our investment analysis that you should know about...

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