Swiss Prime Site (VTX:SPSN) Full Year 2023 Results
Key Financial Results
- Revenue: CHF672.4m (down 18% from FY 2022).
- Net income: CHF86.7m (down 79% from FY 2022).
- Profit margin: 13% (down from 49% in FY 2022).
- EPS: CHF1.13 (down from CHF5.27 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Swiss Prime Site Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 39%.
Looking ahead, revenue is expected to fall by 7.8% p.a. on average during the next 2 years compared to a 6.0% decline forecast for the Real Estate industry in Switzerland.
Performance of the Swiss Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with Swiss Prime Site (including 1 which is a bit concerning).
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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.
About SWX:SPSN
Swiss Prime Site
Through its subsidiaries, operates as a real estate company in Switzerland.
Second-rate dividend payer low.
