Vittia Full Year 2023 Earnings: Misses Expectations

Vittia (BVMF:VITT3) Full Year 2023 Results

Key Financial Results

• Revenue: R$756.1m (down 11% from FY 2022).
• Net income: R$97.4m (down 35% from FY 2022).
• Profit margin: 13% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: R$0.68 (down from R$1.05 in FY 2022).

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

Vittia Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in South America.

Performance of the market in Brazil.

The company's shares are down 2.7% from a week ago.

Risk Analysis

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

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