Helvetia Holding Full Year 2023 Earnings: EPS: CHF5.24 (vs CHF10.61 in FY 2022)

Helvetia Holding (VTX:HELN) Full Year 2023 Results

Key Financial Results

• Revenue: CHF9.35b (down 11% from FY 2022).
• Net income: CHF283.2m (down 50% from FY 2022).
• Profit margin: 3.0% (down from 5.3% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: CHF5.24 (down from CHF10.61 in FY 2022).

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

Helvetia Holding Earnings Insights

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, while revenues in the Insurance industry in Switzerland are expected to remain flat.

Performance of the Swiss Insurance industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Helvetia Holding that you need to be mindful of.

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