Stock Analysis

VAT Group Full Year 2023 Earnings: EPS Beats Expectations

SWX:VACN
Source: Shutterstock

VAT Group (VTX:VACN) Full Year 2023 Results

Key Financial Results

  • Revenue: CHF885.3m (down 23% from FY 2022).
  • Net income: CHF190.3m (down 38% from FY 2022).
  • Profit margin: 22% (down from 27% in FY 2022). The decrease in margin was driven by lower revenue.
  • EPS: CHF6.35 (down from CHF10.23 in FY 2022).
earnings-and-revenue-growth
SWX:VACN Earnings and Revenue Growth March 6th 2024

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

VAT Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Switzerland.

Performance of the Swiss Machinery industry.

The company's shares are down 3.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on VAT Group's balance sheet health.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.