Deutsche Pfandbriefbank Full Year 2023 Earnings: EPS: €0.51 (vs €1.27 in FY 2022)

Deutsche Pfandbriefbank (ETR:PBB) Full Year 2023 Results

Key Financial Results

• Revenue: €391.0m (down 20% from FY 2022).
• Net income: €68.0m (down 60% from FY 2022).
• Profit margin: 17% (down from 35% in FY 2022). The decrease in margin was primarily driven by lower revenue.
• EPS: €0.51 (down from €1.27 in FY 2022).

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

Deutsche Pfandbriefbank Earnings Insights

The primary driver behind last 12 months revenue was the Real Estate Finance (REF) segment contributing a total revenue of €298.0m (76% of total revenue). The largest operating expense was General & Administrative costs, amounting to €268.0m (83% of total expenses). Explore how PBB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany.

Performance of the German Diversified Financial industry.

The company's shares are up 18% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Deutsche Pfandbriefbank you should know about.

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