Forbo Holding Full Year 2023 Earnings: EPS Beats Expectations

Forbo Holding (VTX:FORN) Full Year 2023 Results

Key Financial Results

• Revenue: CHF1.18b (down 9.1% from FY 2022).
• Net income: CHF102.3m (flat on FY 2022).
• Profit margin: 8.7% (up from 7.8% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: CHF72.55 (up from CHF71.73 in FY 2022).

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

Forbo Holding EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Building industry in Switzerland.

Performance of the Swiss Building industry.

The company's shares are up 8.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Forbo Holding's balance sheet health.

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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.