MAHLE Metal Leve Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

MAHLE Metal Leve (BVMF:LEVE3) Full Year 2023 Results

Key Financial Results

• Revenue: R$4.34b (up 2.7% from FY 2022).
• Net income: R$748.2m (up 32% from FY 2022).
• Profit margin: 17% (up from 13% in FY 2022). The increase in margin was primarily driven by higher revenue.
• EPS: R$5.77 (up from R$4.41 in FY 2022).

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

MAHLE Metal Leve EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 9.4%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Global Auto Components industry.

Performance of the market in Brazil.

The company's shares are down 10% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for MAHLE Metal Leve (3 shouldn't be ignored!) that you should be aware of.

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