Tessenderlo Group Full Year 2024 Earnings: Misses Expectations

Tessenderlo Group (EBR:TESB) Full Year 2024 Results

Key Financial Results

• Revenue: €2.65b (down 9.6% from FY 2023).
• Net income: €42.8m (down 61% from FY 2023).
• Profit margin: 1.6% (down from 3.7% in FY 2023).
• EPS: €0.70 (down from €1.74 in FY 2023).

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

Tessenderlo Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 38%.

The primary driver behind last 12 months revenue was the Agro segment contributing a total revenue of €824.0m (31% of total revenue). Notably, cost of sales worth €2.13b amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to €259.2m (55% of total expenses). Explore how TESB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.5% decline forecast for the Chemicals industry in Belgium.

Performance of the Belgian Chemicals industry.

The company's shares are down 7.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Tessenderlo Group that we have uncovered.

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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.