VAT Group Full Year 2023 Earnings: EPS Beats Expectations

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).

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.

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